Society for the Increase of the Ministry
Sim provides scholarships for seminarians studying for ministry within the episcopal church.
Society for the Increase of the Ministry at a glance
In short: Society for the Increase of the Ministry gave $174K across 7 grants in 2025 (avg $25K), top state Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $174,180
- +3.7% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $24,883
- +3.7% vs 2024
- Median grant
- $19,000
- Total assets
- $4,686,339
- -0.3% vs 2024
- Primary geography
- Virginia (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Society for the Increase of the Ministry funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Virginia Theological Seminary ($58K). Together the top 7 received $174K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 13 grants of 14 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $168K (2024) to $174K (2025). In 2025 it made 7 grants totaling $174K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Theological Seminary Alexandria, VA | Scholarships | $57,800 |
| Emory University Candler School Atlanta, GA | Scholarships | $42,500 |
| University of the South Sewanee School of Theology Sewanee, TN | Scholarships | $31,000 |
| Seminary of the Southwest Austin, TX | Scholarships | $19,000 |
| Berkeley Divinity School New Haven, CT | Scholarships | $8,880 |
| Clairmont School of Theology Los Angeles, CA | Scholarships | $7,500 |
| Earlham School of Religion Richmond, IN | Scholarships | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,686,339 | $742,108 | $750,909 | $174,180 | 7 | $555,581 |
| 2024 | $4,702,770 | $556,314 | $741,642 | $168,000 | 7 | $232,535 |
| 2023 | $4,310,597 | $291,028 | $592,432 | — | — | $168,948 |
| 2022 | $4,238,339 | $361,916 | $616,065 | — | — | $190,480 |
About Society for the Increase of the Ministry
Based on IRS filings
Society for the Increase of the Ministry is a public charity focused on Education, based in Hartford, CT. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 7 grants totaling $174K. Net investment income was $556K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Society for the Increase of the Ministry is led by Courtney V. Cowart, Executive Director on every filing since 2022; 1 of 8 officers listed in 2025 is compensated.
Officers on the 2025 filing
Courtney V. Cowart
Executive Director
On filings since 2022
40 hrs/week
$149K (2022) → $167K (2025)
Hilary Greer
Board Chair
On filings since 2022
2 hrs/week
No compensation reported
Constance R. Perry
Board Secretary
On filings since 2022
2 hrs/week
No compensation reported
David Hilder
Treasurer & Chief Financial Officer
Treasurer & CFO → Treasurer & Chief Financial Officer, 2025
On filings since 2022
2 hrs/week
No compensation reported
Mark Grayson
Board Secretary
On filings since 2022
2 hrs/week
No compensation reported
Miriam McKenny
Board Secretary
On filings since 2022
2 hrs/week
No compensation reported
The Rev Linda Spiers
Board Secretary
On filings since 2022
2 hrs/week
No compensation reported
The Rt Rev Brian Cole
Board Secretary
On filings since 2022
2 hrs/week
No compensation reported
Former officers (1)
- Former: The Rt Rev James Tengatenga (2022) — Board Secretary
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $167K, to Courtney V Cowart (Executive Director).
Frequently asked questions about Society for the Increase of the Ministry
How much does Society for the Increase of the Ministry give each year?
Society for the Increase of the Ministry gave $174K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $168K across 7 grants.
What is Society for the Increase of the Ministry's typical grant size?
Society for the Increase of the Ministry's median grant in 2025 was $19,000, and its average grant was $24,883, across 7 grants on its 2025 IRS Form 990.
Where does Society for the Increase of the Ministry give grants?
Society for the Increase of the Ministry's top state is Virginia, with 33% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Georgia (24%) and Tennessee (18%).
Does Society for the Increase of the Ministry give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Society for the Increase of the Ministry's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Scholarships" (7 grants).
Who are Society for the Increase of the Ministry's largest grantees?
Society for the Increase of the Ministry's largest 2025 grantees include Virginia Theological Seminary ($57,800), Emory University Candler School ($42,500) and University of the South Sewanee School of Theology ($31,000), according to its 2025 IRS Form 990. Together they received 75% of its itemized 2025 grant dollars.
How large is Society for the Increase of the Ministry?
Society for the Increase of the Ministry reported $4.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $742K.
What is Society for the Increase of the Ministry?
Society for the Increase of the Ministry is a public charity focused on Education, based in Hartford, CT. It holds $4.7M in total assets as of 2025.
What is Society for the Increase of the Ministry's EIN?
Society for the Increase of the Ministry's EIN (Employer Identification Number) is 06-6053077. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS February 24, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2022–2024
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