Asness Family Foundation

The information for Asness Family Foundation is as of the organization's most recent filing in February '22. This organization is located in Melville, NY. It has been in existence for 5 years, following its founding in 2017.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Asness Family Foundation's NTEE code is T20, indicating that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. This classification describes organizations that are nongovernmental and nonprofit, with funds and programs managed by their own trustees or directors. These foundations are established to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses organizations engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.

Grant History

Our dataset includes five years of grant history for the Asness Family Foundation. Over the course of these five years, they have awarded a total of 75 grants, with an average check size of $1,298,400. The foundation awards grants in various sectors, with the highest number of grants awarded in the Education sector (27), followed by Medical Research (10) and Public & Societal Benefit (6). In terms of geographical distribution, the foundation has awarded the most grants in Connecticut (13), followed by Illinois (12), Massachusetts (9), and New York (9). They have also awarded grants in Virginia (7), Washington D.C. (7), Utah (6), and several other states.