Arizona State University Foundation For A New American University

Organization Overview

Arizona State University Foundation For A New American University, operating under the name Asu Foundation, is located in Tempe, AZ. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Asu Foundation employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asu Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Asu Foundation generated $233.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $141.5m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Asu Foundation has awarded 203 individual grants totaling $742,277,254. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS A PRIVATE, NONPROFIT ORGANIZATION THAT RAISES AND MANAGES PRIVATE CONTRIBUTIONS TO SUPPORT THE WORK OF ARIZONA STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH SUPPORT - THE ASU FOUNDATION PROVIDED MORE THAN $49 MILLION IN RESEARCH FUNDING FOR ASU. IN ADDITION TO THE $125 THOUSAND OF PROGRAM REVENUE, THE ASU FOUNDATION RECEIVED MORE THAN $46 MILLION OF CONTRIBUTIONS TO SUPPORT ASU RESEARCH IN INFORMATION PRIVACY AND SECURITY; SUPPLY CHAIN MANAGEMENT; ENVIRONMENT AND SUSTAINABILITY; EARLY CHILDHOOD EDUCATION AND OTHER AREAS.


SPECIFIC UNIVERSITY PROGRAMS - THE ASU FOUNDATION PROVIDED MORE THAN $27 MILLION IN SUPPORT OF SUSTAINABILITY AND EDUCATION ACTIVITIES, ENTREPRENEURIAL ACTIVITIES, AND PROGRAMMING ACTIVITIES. IN ADDITION TO THE PROGRAM REVENUE OF MORE THAN $1 MILLION, ASU FOUNDATION RECEIVED OVER $25 MILLION IN CONTRIBUTIONS TO SUPPORT THESE ACTIVITIES.


STUDENT AND FACULTY SUPPORT - THE ASU FOUNDATION PROVIDED OVER $33 MILLION FOR ASU PROGRAMS THAT ASSIST UNDERGRADUATE AND GRADUATE STUDENTS. IN ADDITION TO MORE THAN $1 MILLION OF PROGRAM REVENUE, ASU FOUNDATION RECEIVED OVER $30 MILLION OF CONTRIBUTIONS TO SUPPORT FACULTY RECOGNITION AND PROFESSORSHIPS AND FOR STUDENT SUPPORT.


THE ASU FOUNDATION PROVIDED OVER $40 MILLION TO SUPPORT THE EDUCATION, RESEARCH, PUBLIC SERVICE AND OTHER ACTIVITIES OF ARIZONA STATE UNIVERSITY. IN ADDITION TO THE MORE THAN $600 THOUSAND OF PROGRAM REVENUE, ASU FOUNDATION PROVIDED OVER $38 MILLION OF CONTRIBUTIONS IN SUPPORT OF THESE ACTIVITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blackrock Inc
Outsourced Cio
$1,831,227
Questex Llc
Event Planning
$739,375
Scott Prenn Llp
Consulting
$249,593
The Eudy Company Ltd
Fundraising
$243,820
Laurel Strategies Inc
Consulting
$600,750
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$153,097,956
Investment income $14,212,570
Tax Exempt Bond Proceeds $0
Royalties $19,863
Net Rental Income $0
Net Gain/Loss on Asset Sales $61,855,066
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $233,378,142

Grants Awarded

Over the last fiscal year, Arizona State University Foundation For A New American University has awarded $140,625,434 in support to 25 organizations.

Grant RecipientAmount

ARIZONA STATE UNIVERSITY

PURPOSE: PROGRAM SUPPORT

$136,758,584

ASU ENTERPRISE PARTNERS

Org PageRecipient Profile

Tempe, AZ

PURPOSE: PROGRAM SUPPORT

$931,250

ASU ALUMNI ASSOCIATION

Org PageRecipient Profile

Tempe, AZ

PURPOSE: PROGRAM SUPPORT

$792,950

HAWAII MARINE EDUCATION AND RESEARCH CENTER

Org PageRecipient Profile

Volcano, HI

PURPOSE: PROGRAM SUPPORT

$525,000

ARIZONA AGRICULTURAL EDUCATION FFA FOUNDATION

Org PageRecipient Profile

Glendale, AZ

PURPOSE: PROGRAM SUPPORT

$429,573

THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: PROGRAM SUPPORT

$343,024
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Arizona State University Foundation For A New American University has recieved totaling $10,000.

Awarding OrganizationAmount
Shamrock Foods Foundation

Phoenix, AZ

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$846,077,421
Earnings$21,347,016
Admin Expense$14,513,504
Net Contributions$77,196,604
Other Expense$45,110,349
Ending Balance$884,997,188

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