Covenant Advisers Fund

Foundation · Grantmaker Wilmington, DE EIN: 87-4052507

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

7states

Share of all 9 itemized 2023 grant dollars.

Cities

Bel AirEllabellFlorenceIndianapolisMadisonMoultonPullmanSolonTrinityVancouver

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K0 grants20212 grants20229 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2023

Global Adoption Services Inc: $20KGlobal Adoption Services Inc$20KHolos Hope NFP: $18KHolos Hope NFP$18KH Rader: $7KH Rader$7KA Miller: $7KA Miller$7KAll Gods Children International: $7KAll Gods ChildrenInternational$7KKidsfirst Adoption Services Inc: $7KKidsfirst Adoption ServicesInc$7KT Layman: $7KT Layman$7KChurch of the Living God: $6KChurch of the Living God$6KT Winslow: $3KT Winslow$3K

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
GLOBAL ADOPTION SERVICES INC Bel Air, MDGeneral & Unrestricted$19,500
HOLOS HOPE NFP Florence, ALGeneral & Unrestricted$18,000
H Rader Trinity, ALHardship Assistance Grant$6,695
A Miller Pullman, WAShort-term Emergency Assistance Grant$6,500
ALL GODS CHILDREN INTERNATIONAL Vancouver, WAGeneral & Unrestricted$6,500
KIDSFIRST ADOPTION SERVICES INC Indianapolis, INGeneral & Unrestricted$6,500
T Layman Solon, MEHardship Assistance Grant$6,500
CHURCH OF THE LIVING GOD Moulton, ALSupport for Ukraine fund$6,000
T Winslow Ellabell, GAShort-term Emergency Assistance Grant$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M202120222023
Metric202320222021
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

  1. 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

Timothy Joel Yarbrough — Dir, Pres, Sec, Treas: $75KTimothy Joel YarbroughDir, Pres, Sec, Treas$75K

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.

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