Covenant Advisers Fund
Covenant Advisers Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $6.7M in total assets. In 2023, it awarded 9 grants totaling $79K. Net investment income was $309K.
Key facts about Covenant Advisers Fund
In short: Covenant Advisers Fund gave $79K across 9 grants in 2023 (avg $9K), top state Alabama. Source: 2023 IRS Form 990-PF.
- EIN
- 87-4052507
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $79,195
- Grants made (2023)
- 9
- Average grant
- $8,799
- Median grant
- $6,500
- Total assets
- $6,699,652
- Primary geography
- Alabama (39% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$6.7M
+39.9% YoY
Annual Giving
$79K
+1064.3% YoY
Grant Count
9
+350.0% YoY
Avg Grant Size
$9K
+158.7% YoY
Under IRS private-foundation payout rules, Covenant Advisers Fund reported a distributable amount of $246K for 2023 — the minimum it must pay out in qualifying distributions.
How Covenant Advisers Fund gives
- In 2023 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2023 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2023
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GLOBAL ADOPTION SERVICES INC Bel Air, MD | General & Unrestricted | $19,500 |
| HOLOS HOPE NFP Florence, AL | General & Unrestricted | $18,000 |
| H Rader Trinity, AL | Hardship Assistance Grant | $6,695 |
| A Miller Pullman, WA | Short-term Emergency Assistance Grant | $6,500 |
| ALL GODS CHILDREN INTERNATIONAL Vancouver, WA | General & Unrestricted | $6,500 |
| KIDSFIRST ADOPTION SERVICES INC Indianapolis, IN | General & Unrestricted | $6,500 |
| T Layman Solon, ME | Hardship Assistance Grant | $6,500 |
| CHURCH OF THE LIVING GOD Moulton, AL | Support for Ukraine fund | $6,000 |
| T Winslow Ellabell, GA | Short-term Emergency Assistance Grant | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $6,699,652 | $4,787,698 | $4,088,490 |
| Revenue | $2,138,828 | $806,679 | $4,088,490 |
| Expenses | $225,572 | $109,730 | — |
| Qualifying Distributions | $217,829 | $279,851 | — |
| Net Investment Income | $308,828 | $206,679 | $1 |
| Distributable Amount | $246,241 | $207,043 | $666 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Leadership & Key People
Officers and directors from IRS filings
Covenant Advisers Fund is led by Timothy Joel Yarbrough, Director, President, Secretary & Treasurer on every filing since 2021; 1 of 3 officers listed in 2023 is compensated.
Officers on the 2023 filing
Timothy Joel Yarbrough
Director, President, Secretary & Treasurer
On filings since 2021
20 hrs/week
$50K (2022) → $75K (2023)
Eliyan Petkov
Director
On filings since 2021
1 hr/week
No compensation reported
Velin Krassimirov Tzanov
Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
Frequently asked questions about Covenant Advisers Fund
How much does Covenant Advisers Fund give each year?
Covenant Advisers Fund gave $79K across 9 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $7K across 2 grants.
What is Covenant Advisers Fund's typical grant size?
Covenant Advisers Fund's median grant in 2023 was $6,500, and its average grant was $8,799, across 9 grants on its 2023 IRS Form 990-PF.
Where does Covenant Advisers Fund give grants?
Covenant Advisers Fund's top state is Alabama, with 39% of the grant dollars itemized on its 2023 IRS Form 990-PF. The next largest states were Maryland (25%) and Washington (16%).
Does Covenant Advisers Fund give general operating support?
Yes: 44% of Covenant Advisers Fund's 2023 grants with a stated purpose (4 of 9) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Covenant Advisers Fund's largest grantees?
Covenant Advisers Fund's largest 2023 grantees include Global Adoption Services Inc ($19,500), Holos Hope NFP ($18,000) and H Rader ($6,695), according to its 2023 IRS Form 990-PF. Together they received 56% of its itemized 2023 grant dollars.
How large is Covenant Advisers Fund?
Covenant Advisers Fund reported $6.7M in total assets on its 2023 IRS Form 990-PF. It paid out $218K in qualifying distributions that year, against a required minimum of $246K (roughly 5% of its investment assets).
What is Covenant Advisers Fund?
Covenant Advisers Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $6.7M in total assets as of 2023.
What is Covenant Advisers Fund's EIN?
Covenant Advisers Fund's EIN (Employer Identification Number) is 87-4052507. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Covenant Advisers Fund by hand.
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