Angelo State University Foundation Inc
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.
Angelo State University Foundation Inc at a glance
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.
- Annual giving (2025)
- $8,479,888
- +9.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $8,479,888
- +9.4% vs 2024
- Median grant
- $8,479,888
- Total assets
- $60,065,737
- +23.2% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Angelo State University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Angelo State University ($8.5M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Angelo State University San Angelo, TX | Gifts and Scholarships | $8,479,888 |
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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 | $60,065,737 | $18,189,414 | $9,234,452 | $8,479,888 | 1 | $312,670 |
| 2024 | $48,763,723 | $13,273,689 | $8,633,826 | $7,748,060 | 1 | $225,427 |
| 2023 | $41,498,889 | $17,432,484 | $15,156,179 | $14,170,277 | 1 | $268,959 |
| 2022 | $39,498,493 | $15,586,420 | $9,986,795 | $9,270,841 | 1 | $180,216 |
| 2021 | $35,914,777 | $13,132,707 | $16,407,776 | $16,131,331 | 1 | $447,041 |
| 2020 | $33,794,261 | $8,755,582 | $5,864,797 | $5,591,992 | 1 | $476,655 |
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
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS July 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 3, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Angelo State University Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Angelo State University Foundation Inc's focus areas in our free grants database
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