The Arizona State University Foundation for A New American University is a private, nonprofit organization incorporated on June 22, 1955, as the Arizona State College Foundation. Based in Tempe, Arizona, the foundation raises and manages private contributions to support the work of Arizona State University. The organization operates as a 501(c)(3) public charity and has been tax-exempt since May 1958.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0B
+8.4% YoY
Annual Giving
$170.7M
+23.4% YoY
Grant Count
32
+3.2% YoY
Avg Grant Size
$5.3M
+19.6% YoY
Mission & Focus Areas
Mission: The ASU Foundation builds 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.
Vision: To become nationally recognized as the model for A New American University Foundation.
The foundation's primary program areas include:
Research Support: Provided more than $76.9 million in research funding for ASU, with contributions supporting research in information privacy and security, supply chain management, environment and sustainability, and early childhood education.
Student and Faculty Support: Provided over $43 million for programs assisting undergraduate and graduate students, and received over $44 million in contributions to support faculty recognition, professorships, and student support.
Specific University Programs: Provided more than $39 million in support of sustainability and education activities, entrepreneurial activities, and programming activities, with over $40 million in contributions received for these areas.
Grantmaking
Total giving in 2024 was $171,068,054. Typical award amounts range from $5,150 to $168,356,121. The foundation's grant-making focuses on education, philanthropy, voluntarism and grantmaking, and human services.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds in Arizona, with additional activity in New York and Minnesota.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,038,433,605
- Total Revenue: $276,143,909
- Total Expenses: $213,676,231
- Total Liabilities: $542,000,000
- Number of Employees: 212
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,038,433,605 | $1,879,923,397 | $1,713,596,162 |
| Revenue | $276,143,909 | $299,319,127 | $295,474,196 |
| Expenses | $213,676,231 | $173,459,672 | $172,089,032 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $59,963,126 | $33,762,886 | $71,627,665 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
104 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
CEO: Gretchen Buhlig
The foundation maintains unit development contacts across various ASU schools and programs, including the Biodesign Institute, W. P. Carey School of Business, Herberger Institute of Design and the Arts, Barrett the Honors College, and Arizona PBS.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL DILLON DIRECTOR ASUF | (THRU 3/24)/CEO ASUEP (THRU 12/23) | 1 | — |
| GRETCHEN BUHLIG | CHIEF EXECUTIVE OFFICER ASUF | 49 | $611,432 |
| JACQUELINE SMITH | VICE PRESIDENT | 40 | $354,662 |
| PATRICK MCDERMOTT | CHIEF ENGAGEMENT OFFICER THUNDERBIRD | 40 | $339,737 |
| ERIC SPICER | VICE PRESIDENT UNIT DEVELOPMENT | 40 | $327,226 |
| SUZANNE RINKER | VICE PRESIDENT ENTERPRISE DEVELOPMENT | 40 | $310,645 |
| BILL KAVAN | VICE PRESIDENT ENGAGEMENT & OUTREACH | 40 | $316,120 |
| VIRGINIA DESANTO | VICE PRESIDENT, CFO & TREASURER | 10 | — |
| HOPE SHARETT | SECRETARY/GENERAL COUNSEL (THRU 12/23) | 1 | — |
| MARK SEARLE DIRECTOR ASUF | CEO (ASUEP) (3/24 THRU 6/24) | 1 | — |
| JOHN GRAHAM | CHAIR | 1 | — |
| NITA FRANCIS | VICE CHAIR | 1 | — |
| NICOLE COLYER | SECRETARY | 1 | — |
| MACKENZIE WOODS | INTERIM SECRETARY (1/24 THRU 5/24) | 1 | — |
| DENISE RESNIK | DIRECTOR | 2 | — |
| ROGER WITTLIN | SENIOR INVESTMENT ADVISOR | 1 | — |
| KEITH WIRTZ | DIRECTOR (THRU 5/24) | 1 | — |
| LISA URIAS | DIRECTOR | 2 | — |
| TONY SARSAM | DIRECTOR | 2 | — |
| CHRIS HOWARD | DIRECTOR | 1 | — |
| HARRY PAPP | DIRECTOR | 2 | — |
| MORGAN OLSEN | DIRECTOR | 1 | — |
| ANNE MARIUCCI | DIRECTOR | 1 | — |
| LISA LOO | DIRECTOR | 1 | — |
| JAZMIN MEDINA | DIRECTOR | 1 | — |
| HIROSHI HAMADA | DIRECTOR | 1 | — |
| JAY HEILER | DIRECTOR | 2 | — |
| LAUREN BAILEY | DIRECTOR | 2 | — |
| STEVE BETTS | DIRECTOR (THRU 5/24) | 1 | — |
| IRA FULTON | DIRECTOR | 2 | — |
| DOUG FULTON | DIRECTOR | 2 | — |
| MARY HENTGES | DIRECTOR | 2 | — |
| STEVE EVANS | DIRECTOR | 1 | — |
| MICHAEL CROW | ASU PRESIDENT | 1 | — |
| SATJIV CHAHIL | DIRECTOR | 1 | — |
| MALISSIA CLINTON | DIRECTOR | 2 | — |
| MICHAEL AGUIRRE | DIRECTOR | 1 | — |
Contact Information
Mailing Address: ASU Foundation P.O. Box 2260 Tempe, Arizona 85280-2260
Physical Location: ASU Fulton Center 300 E. University Drive Tempe, AZ 85281-2033
Phone: 480-965-3759 Fax: 480-727-9656 Email: info@asufoundation.org Website: asufoundation.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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