The Arizona State University Foundation for A New American University is a Tempe-based private nonprofit organization that raises and manages private contributions to support Arizona State University. Its stated work includes building partnerships and bringing together philanthropic support and investments to advance ASU’s goals.
Key facts about Arizona State University Foundation for a New American University
In short: Arizona State University Foundation for a New American University gave $192.8M across 22 grants in 2025 (avg $8.8M), mostly in Arizona. 41% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 86-6051042
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $192,774,785
- Grants made (2025)
- 22
- Average grant
- $8,762,490
- Median grant
- $32,600
- New grantees (estimate)
- 41% first-time grantees (9 of 22, 2025)
- Total assets
- $2,304,463,852
- Primary geography
- Arizona (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$2.3B
+13.1% YoY
Annual Giving
$192.8M
+12.9% YoY
Grant Count
22
-31.3% YoY
Avg Grant Size
$8.8M
+64.3% YoY
Is Arizona State University Foundation for a New American University open to new grantees?
41%
first-time grantees, 2025
In 2025, 9 of 22 grantees (41%) were first-time recipients. First grants averaged $473K; repeat grants $15M. How we count
Medians: $20K first-time, $57K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s mission is to build partnerships and relationships, uniting ideas, people, philanthropic support and investments to advance ASU’s goals for inclusion, student success, discovery, and local and global impact.
Its 2025 filing describes grants as program support. The largest awards went to Arizona State University and ASU Enterprise Partners. Other recipients included university-affiliated and educational organizations. For example, Thunderbird School of Global Management describes its mission as educating global leaders who create sustainable prosperity worldwide; Earth School Educational Foundation describes work involving environmental and educational films; and Research Collaboratory at ASU describes its mission as advancing education and science for ASU’s benefit.
Grantmaking
In filing year 2025, the foundation reported 22 grants totaling $192,774,785. Grant amounts ranged from $5,560 to $174,380,512, with a median of $32,600.
The largest awards were $174,380,512 to Arizona State University and $12,855,273 to ASU Enterprise Partners. Other notable grants included $4,063,546 to Newswell, $497,496 to Thunderbird School of Global Management, and $334,040 to Earth School Educational Foundation. The filing lists each of these grants as program support.
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Geographic Focus
Where this funder awards grants
The foundation’s 2025 filing reports that 100% of grant dollars went to Arizona recipients. Its itemized grants include awards to Arizona organizations and also list grants to Concordia Summit in New York and Mayo Clinic in Minnesota.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $109.1M (2019) to $192.8M (2025). In 2025 it made 22 grants totaling $192.8M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Arizona State University ($174.4M). Together the top 10 received $192.6M.
Grant Size Distribution
126 grants across all recorded years
The most common grant size was under $50K: 78 grants of 126 (62%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Tempe, AZ | Program Support | $174,380,512 |
| ASU Enterprise Partners Tempe, AZ | Program Support | $12,855,273 |
| Newswell Tempe, AZ | Program Support | $4,063,546 |
| Thunderbird School of Global Management Phoenix, AZ | Program Support | $497,496 |
| Earth School Educational Foundation Phoenix, AZ | Program Support | $334,040 |
| ASU Alumni Association Tempe, AZ | Program Support | $140,850 |
| Research Collaboratory at ASU Tempe, AZ | Program Support | $112,108 |
| Concordia Summit Inc New York, NY | Program Support | $75,000 |
| University of Arizona Tucson, AZ | Program Support | $56,500 |
| Northern Arizona University Flagstaff, AZ | Program Support | $41,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total |
|---|---|---|---|---|
| 2025 | $2,304,463,852 | $452,595,918 | $235,333,977 | $192,774,785 |
| 2024 | $2,038,433,605 | $276,143,909 | $213,676,231 | $170,713,541 |
| 2023 | $1,879,923,397 | $299,319,127 | $173,459,672 | $138,289,754 |
The filing type is 990T.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,304,463,852 | $2,038,433,605 | $1,879,923,397 |
| Revenue | $452,595,918 | $276,143,909 | $299,319,127 |
| Expenses | $235,333,977 | $213,676,231 | $173,459,672 |
| Net Investment Income | $84,620,684 | $59,963,126 | $33,762,886 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 23, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 28, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 20, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS May 18, 2020)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gretchen Buhlig as chief executive officer; John W. Graham as chair; Juanita F. Francis as vice chair; and Nicole Colyer as secretary through August 2024. Directors listed are Anne Mariucci, Chris Howard, Denise Resnik, Doug Fulton, Michael M. Crow, and Morgan Olsen. Crow is identified as ASU president.
Arizona State University Foundation for a New American University is led by Gretchen Buhlig, Chief Executive Officer Asuf since 2024 (on filings since 2019); 6 of 33 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gretchen Buhlig
Chief Executive Officer Asuf
CEO → Chief Executive Officer, 2022
Chief Executive Officer → Chief Executive Officer Asuf, 2024
On filings since 2019
50 hrs/week
$359K (2019) → $621K (2025)
Carly Nieri
Executive Director of Development
New on the 2025 filing
40 hrs/week
$302K (2025)
Michael M. Crow
Asu President
Director → Asu President, 2022
On filings since 2019
1 hr/week
No compensation reported
John W. Graham
Chair
Chair From → Chair, 2021
On filings since 2019
1 hr/week
No compensation reported
Doug Fulton
Director
On filings since 2019
2 hrs/week
No compensation reported
Harry A. Papp
Director
On filings since 2019
2 hrs/week
No compensation reported
Ira A. Fulton
Director
On filings since 2019
2 hrs/week
No compensation reported
Malissia Clinton
Director
On filings since 2019
2 hrs/week
No compensation reported
Mary Hentges
Director
On filings since 2019
2 hrs/week
No compensation reported
Morgan Olsen
Director
On filings since 2019
1 hr/week
No compensation reported
Anne Mariucci
Director
On filings since 2021
1 hr/week
No compensation reported
Lauren Bailey
Director
On filings since 2021
2 hrs/week
No compensation reported
Tony Sarsam
Director
On filings since 2021
2 hrs/week
No compensation reported
Chris Howard
Director
On filings since 2022
1 hr/week
No compensation reported
Denise Resnik
Director
On filings since 2022
2 hrs/week
No compensation reported
Jay Heiler
Director
On filings since 2022
2 hrs/week
No compensation reported
Lisa Loo
Director
On filings since 2022
1 hr/week
No compensation reported
Lisa Urias
Director
On filings since 2022
1 hr/week
No compensation reported
Steve Evans
Director
On filings since 2022
1 hr/week
No compensation reported
Hiroshi Hamada
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Aguirre
Director
On filings since 2023
1 hr/week
No compensation reported
Jazmin Medina
Director
On filings since 2024
1 hr/week
No compensation reported
Satjiv Chahil
Director
On filings since 2024
1 hr/week
No compensation reported
Megan Beus
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patrick McDermott
Chief Global Advancement Officer
Chief Engmt Officer & Thunderbird → Chief Engagement Officer Thunderbird, 2021
Chief Engagement Officer Thunderbird → Chief Global Advancement Officer, 2025
On filings since 2019
40 hrs/week
$206K (2019) → $297K (2025)
Jacqueline Smith
Senior Vice President
Vice President → Senior Vice President, 2025
On filings since 2021
40 hrs/week
$241K (2021) → $296K (2025)
Bill Kavan
Vice President Engagement & Outreach
On filings since 2023
40 hrs/week
$267K (2023) → $296K (2025)
Eric Spicer
Vice President Unit Development
On filings since 2023
40 hrs/week
$263K (2023) → $303K (2025)
Juanita F. Francis
Vice Chair
On filings since 2019
1 hr/week
No compensation reported
Virginia E. Desanto
Vice President, CFO & Treasurer
Director & Treasurer → Treasurer, 2021
Treasurer → Vice President, CFO & Treasurer, 2022
On filings since 2019
8 hrs/week
No compensation reported
Roger Wittlin
Senior Investment Advisor
On filings since 2022
1 hr/week
No compensation reported
Mackenzie Woods
General Counsel & Secretary
Interim Secretary → General Counsel & Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Nicole Colyer
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (19)
- Former: Hope Sharett (2021–2024) — Secretary & General Counsel
- Former: Keith Wirtz (2022–2024) — Director
- Former: Nita Francis (2022–2024) — Vice Chair
- Former: Steve Betts (2022–2024) — Director
- Former: Suzanne Rinker (2022–2024) — Vice President Enterprise Development
- Former: Daniel Dillon Director Asuf (2024) — CEO Asuep
- Former: Mark Searle Director Asuf (2024) — CEO
- Former: William Post (2019–2023) — Director & Ep Chair
- Former: Daniel Dillon (2021–2023) — Director & CEO
- Former: Gary Trujillo (2022–2023) — Director
- Former: Jose Cardenas (2019–2022) — Director
- Former: Sybil Francis (2019–2022) — Executive Director
- Former: Jim O'Brien (2021–2022) — Director
- Former: Kimberly Hopely (2021–2022) — Senior Vice President & Chief Development Officer
- Former: Marcel Valenta (2019–2021) — Former Secretary
- Former: Rf Shangraw Jr. (2019–2021) — Former President & CEO
- Former: Scott Nelson (2019–2021) — Senior Associate Athletic Director
- Former: Kimberly Hopley (2019) — Senior Vice President Development
- Former: Shaun Brenton (2019) — Ass. Vice President Corporate & Fdn. Relations
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $621K, to Gretchen Buhlig (Chief Executive Officer Asuf). 6 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 2260, Tempe, AZ 85280-2260
Phone: (480) 965-3759
Website: https://asufoundation.org
Frequently asked questions about Arizona State University Foundation for a New American University
How much does Arizona State University Foundation for a New American University give each year?
Arizona State University Foundation for a New American University gave $192.8M across 22 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $170.7M across 32 grants.
What is Arizona State University Foundation for a New American University's typical grant size?
Arizona State University Foundation for a New American University's median grant in 2025 was $32,600, and its average grant was $8,762,490, across 22 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Arizona State University Foundation for a New American University that year got $473K on average.
Where does Arizona State University Foundation for a New American University give grants?
Arizona State University Foundation for a New American University gives mostly in Arizona: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Tempe, AZ (7 grants), Phoenix, AZ (6 grants) and New York, NY (2 grants).
Does Arizona State University Foundation for a New American University give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Arizona State University Foundation for a New American University's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Support" (22 grants).
Who are Arizona State University Foundation for a New American University's largest grantees?
Arizona State University Foundation for a New American University's largest 2025 grantees include Arizona State University ($174,380,512), ASU Enterprise Partners ($12,855,273) and Newswell ($4,063,546), according to its 2025 IRS Form 990. Together they received 99% of its itemized 2025 grant dollars.
How large is Arizona State University Foundation for a New American University?
Arizona State University Foundation for a New American University reported $2.3B in total assets on its 2025 IRS Form 990. Its revenue that year was $452.6M.
What does Arizona State University Foundation for a New American University fund?
The foundation’s mission is to build partnerships and relationships, uniting ideas, people, philanthropic support and investments to advance ASU’s goals for inclusion, student success, discovery, and local and global impact. See mission & focus areas ↑
How do I apply for a grant from Arizona State University Foundation for a New American University?
Arizona State University Foundation for a New American University has no public application process in the sources Grantable reviewed. Check asufoundation.org for current guidelines, or contact the foundation directly before submitting a request.
What is Arizona State University Foundation for a New American University's EIN?
Arizona State University Foundation for a New American University's EIN (Employer Identification Number) is 86-6051042. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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