Angelo State University Foundation Inc

Public charity · Grantmaker San Angelo, TX EIN: 75-1585285

Provides financial assistance to angelo state university (ASU) to address the institution's broad-based needs. Oversees management, investment, and distribution of all foundation funds for the furtherance of educational purposes at ASU and in accordance with donors' wishes.

Key facts about Angelo State University Foundation Inc

In short: Angelo State University Foundation Inc gave $8.5M across 1 grant in 2025 (avg $8.5M), mostly in Texas. Source: 2025 IRS Form 990.

EIN
75-1585285
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$8,479,888
Grants made (2025)
1
Average grant
$8,479,888
Median grant
$8,479,888
Total assets
$60,065,737
Primary geography
Texas (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$60.1M

+23.2% YoY

Annual Giving

$8.5M

+9.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$8.5M

+9.4% YoY

How Angelo State University Foundation Inc gives

  • Giving held roughly steady from 2022 to 2025 (−9%). Method

From the foundation's IRS Form 990 filings. Methodology.

About Angelo State University Foundation Inc

Based on IRS filings

Angelo State University Foundation Inc is a public charity focused on Education, based in San Angelo, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $60.1M in total assets. In 2025, it awarded 1 grant totaling $8.5M. Net investment income was $313K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

San Angelo

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M$20M1 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

From 2020 to 2025, annual grant giving ranged from $5.6M (2020) to $16.1M (2021). In 2025 it made 1 grant totaling $8.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Angelo State University: $8.5MAngelo State University$8.5M

The largest 2025 recipient was Angelo State University ($8.5M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Angelo State University San Angelo, TXGifts and Scholarships$8,479,888

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$10M$20M$30M202020212022202320242025
Metric202520242023
Total Assets$60,065,737$48,763,723$41,498,889
Revenue$18,189,414$13,273,689$17,432,484
Expenses$9,234,452$8,633,826$15,156,179
Net Investment Income$312,670$225,427$268,959

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2025 (received by the IRS July 14, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Angelo State University Foundation Inc is led by Will Welch, Chairman since 2025 (on filings since 2021); none of the 15 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Will Welch

    Chairman

    Secretary & Treasurer → Vice Chairman, 2024

    Vice Chairman → Chairman, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Bob Legrand

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Susan Brooks

    Director

    Vice Chairman → Chairman, 2023

    Chairman → Director, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mike Conaway

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jerod White

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Oscar Casillas

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Albert Reyes

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Hector Leos

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jill Vosburg

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Mary Ellen Hartje

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Sharanda El-Masri

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jimmy Barton

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Mickey Long

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Troyce Wilcox

    Vice Chairman

    Director → Secretary & Treasurer, 2024

    Secretary & Treasurer → Vice Chairman, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Phil Gandy

    Secretary & Treasurer

    Director → Secretary & Treasurer, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (12)
  • Former: Lloyd Norris (2020–2024) — Director
  • Former: Ferd Hoefs (2020–2023) — Vice Chairman
  • Former: Bryan Vincent (2020–2022) — Chairman
  • Former: Jay Young (2020–2022) — Director
  • Former: Jim Hughes (2020–2022) — Director
  • Former: Keith Wiley (2020–2022) — Director
  • Former: Morris Overstreet (2020–2022) — Director
  • Former: Richard G. Mayer (2020–2022) — Director
  • Former: Lori A. Shrider-Elmer (2020–2021) — Director
  • Former: Bob Housley (2020) — Director
  • Former: Joey Henderson (2020) — Director
  • Former: Sande Harrison (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Angelo State University Foundation Inc

How much does Angelo State University Foundation Inc give each year?

Angelo State University Foundation Inc gave $8.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7.7M across 1 grant.

How large is Angelo State University Foundation Inc?

Angelo State University Foundation Inc reported $60.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $18.2M.

What is Angelo State University Foundation Inc?

Angelo State University Foundation Inc is a public charity focused on Education, based in San Angelo, TX. It holds $60.1M in total assets as of 2025.

Where does Angelo State University Foundation Inc operate?

Angelo State University Foundation Inc has awarded grants in Texas.

What is Angelo State University Foundation Inc's EIN?

Angelo State University Foundation Inc's EIN (Employer Identification Number) is 75-1585285. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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