Asac Foundation
To operate and act exclusively for charitable, educational and literary purposes
Asac Foundation at a glance
In short: Asac Foundation gave $27K across 3 grants in 2024 (avg $9K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $27,000
- +170.0% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $9,000
- -10.0% vs 2023
- Median grant
- $10,000
- Total assets
- $1,495,065
- +12.7% vs 2023
- Primary geography
- New York (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Asac Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was American Society of Arms Collectors ($10K). Together the top 3 received $27K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Asac Foundation gives
- Giving grew 170% from 2021 to 2024. 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 2019 to 2024, annual grant giving ranged from $9K (2019) to $27K (2024). In 2024 it made 3 grants totaling $27K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Society of Arms Collectors Saratoga Springs, NY | Educational Support | $10,000 |
| Jeremy Reeves North Chesterfield, VA | — | $10,000 |
| Marina Viallon New York, NY | — | $7,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,495,065 | $38,554 | $50,409 | $27,000 | 3 | $27,979 |
| 2023 | $1,327,121 | $48,646 | $30,028 | $10,000 | 1 | $26,671 |
| 2022 | $1,123,058 | $34,302 | $44,132 | $22,335 | 3 | $16,477 |
| 2021 | $1,345,439 | $33,477 | $30,430 | $10,000 | 1 | $26,980 |
| 2020 | $1,171,371 | $19,924 | $20,992 | $15,000 | Total only | $15,477 |
| 2019 | $1,068,509 | $54,001 | $19,852 | $9,000 | 1 | $23,326 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Asac Foundation
Based on IRS filings
Asac Foundation is a public charity focused on Human Services, based in North Chesterfield, VA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $28K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Asac Foundation is led by Craig D. Bell, President on every filing since 2019; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Craig D. Bell
President
On filings since 2019
3 hrs/week
No compensation reported
Allan D. Cors
Director
On filings since 2019
1 hr/week
No compensation reported
David Prawdzik
Director
On filings since 2019
1 hr/week
No compensation reported
Robert Sadler
Director
On filings since 2019
1 hr/week
No compensation reported
Stephen Andrews
Director
On filings since 2019
1 hr/week
No compensation reported
Vincent Rausch
Director
On filings since 2019
1 hr/week
No compensation reported
Charles W. Wheeler Jr.
Treasurer
On filings since 2019
3 hrs/week
No compensation reported
Former officers (2)
- Former: George Moller (2019–2020) — Director
- Former: James W. Porter II (2019–2020) — Outside Director
Data from IRS Form 990 filings, 2019–2024. "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 Asac Foundation
How much does Asac Foundation give each year?
Asac Foundation gave $27K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $10K across 1 grant.
What is Asac Foundation's typical grant size?
Asac Foundation's median grant in 2024 was $10,000, and its average grant was $9,000, across 3 grants on its 2024 IRS Form 990.
Where does Asac Foundation give grants?
Asac Foundation gives mostly in New York: 63% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Virginia (37%).
How large is Asac Foundation?
Asac Foundation reported $1.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $39K.
What is Asac Foundation?
Asac Foundation is a public charity focused on Human Services, based in North Chesterfield, VA. It holds $1.5M in total assets as of 2024.
What is Asac Foundation's EIN?
Asac Foundation's EIN (Employer Identification Number) is 85-0463051. IRS Form 990 filing data is available on this page for 2019–2024.
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
- Added Form 990 for fiscal year 2019 (received by the IRS July 3, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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