Covenant Advisers Fund
Preselected recipients only
Covenant Advisers Fund is a private foundation in Wilmington, Delaware. In tax year 2024 it gave $188,505 in 16 grants; the typical grant was $3,752 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$188,505
- Number of grants16
- Typical grant$3,752
- Largest grant$100,000
- Assets$7.0 million
- New grantees83%
Giving in 2024 was up from $79,195 the year before.
83% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $6,802 | 2 | $4.8 million |
| 2023 | $79,195 | 9 | $6.7 million |
| 2024 | $188,505 | 16 | $7.0 million |
How to apply
Covenant Advisers Fund says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Covenant Advisers Fund funds
Where it gives
Its grants went to recipients in 11 states, the most to South Dakota.
| State | Grants | Amount |
|---|---|---|
| South Dakota | 1 | $100,000 |
| Alabama | 5 | $47,000 |
| California | 1 | $6,500 |
| Maine | 1 | $6,500 |
| Texas | 2 | $6,005 |
| Indiana | 1 | $4,500 |
| Maryland | 1 | $4,500 |
| Oklahoma | 1 | $4,500 |
| Michigan | 1 | $3,000 |
| Missouri | 1 | $3,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Asone Ministries | AsOne Africa fund | $100,000 |
| Holos Hope NFP | General & Unrestricted | $32,000 |
| Individual | Hardship Assistance Grant | $6,500 |
| Individual | Hardship Assistance Grant | $6,500 |
| Nightlight Christian Adoptions | General & Unrestricted | $6,500 |
| Global Adoption Services Inc | General & Unrestricted | $4,500 |
| Missionary Church Investment Foundation | General & Unrestricted | $4,500 |
| Individual | Short-term Emergency Assistance Grant | $4,500 |
| Individual | Short-term Emergency Assistance Grant | $3,005 |
| A Better Way Education and Support | General & Unrestricted | $3,000 |
| Commission to Every Nation Inc | General & Unrestricted | $3,000 |
| Garden Foundation | General & Unrestricted | $3,000 |
| Lifesource Inc | General & Unrestricted | $3,000 |
| Neighborhood Christian Center | General & Unrestricted | $3,000 |
| Refornations | General & Unrestricted | $3,000 |
| Adullam International Ministries | General & Unrestricted | $2,500 |
Officers and trustees
- Eliyan Petkov
- Velin Krassimirov Tzanov
- Timothy Joel Yarbrough
Questions people ask
Does Covenant Advisers Fund accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Covenant Advisers Fund give?
$188,505 in tax year 2024, across 16 grants, with a typical grant of $3,752.
Who runs Covenant Advisers Fund?
Its 2024 filing lists Eliyan Petkov (Dir), Velin Krassimirov Tzanov (Dir) and Timothy Joel Yarbrough (Dir, Pres, Sec, Treas).
What does Covenant Advisers Fund fund?
Based on its grants, mainly faith communities, international and human services.