Asante Foundation Inc
Asante Foundation Inc is a private foundation established in 2005 and based in South Bend, Indiana. The foundation operates as a family foundation with a focus on philanthropic grantmaking to preselected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$156.7M
-2.1% YoY
Annual Giving
$11.8M
-19.1% YoY
Grant Count
60
+3.4% YoY
Avg Grant Size
$196K
-21.8% YoY
Under IRS private-foundation payout rules, Asante Foundation Inc reported a distributable amount of $10.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, based on grant activity, primary funding areas include:
- Education (K-12 schools, youth education, higher education)
- Health and healthcare services
- Social services
- Behavioral health
- Cancer care initiatives
- Age-friendly care programs
Grantmaking
The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited applications. Grantmaking is by invitation only.
Grant Range
$196,000
Average Grant
$196,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Indiana
- Colorado
These two states account for the majority of grant distributions. Additional funding has been documented in Maryland.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $156.7 million
- Total Revenue: $10.7 million
- Total Expenses: $13.9 million
- Qualifying Distributions: $12.3 million
- Net Investment Income: $9.1 million
- Number of Employees: 2
Multi-Year Comparison:
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $156.7M | $160.0M | $167.8M |
| Revenue | $10.7M | $9.0M | $9.7M |
| Expenses | $13.9M | $16.9M | $12.3M |
| Qualifying Distributions | $12.3M | $15.0M | $10.3M |
Assets have grown from $47.3 million in 2011 to $156.7 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $156,701,693 | $160,023,461 | $167,802,410 |
| Revenue | $10,677,319 | $8,989,734 | $9,694,373 |
| Expenses | $13,878,378 | $16,872,966 | $12,264,331 |
| Qualifying Distributions | $12,299,180 | $15,000,940 | $10,333,731 |
| Net Investment Income | $9,143,971 | $7,178,345 | $7,949,365 |
| Distributable Amount | $10,330,346 | $9,724,551 | $10,136,359 |
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
244 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Catholic Relief Services--usccb ($799,027), Reins of Life Inc ($700,000), Early Childhood Council of Larimer County ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3HOPEFUL HEARTS FORT COLLINS, CO | SOCIAL SERVICES | $65,000 |
| A ROSIE PLACE (O'HANA HERITAGE FOUNDATION INC) SOUTH BEND, IN | HEALTH | $75,000 |
| ARISE RAWANDA MINISTRIES USA INC TIMNATH, CO | HEALTH | $100,000 |
| BETHANY LAND INSTITUTE USA LTD SOUTH BEND, IN | EDUCATION | $63,000 |
| BLOOMINGTON HEALTH FOUNDATION INC BLOOMINGTON, IN | HEALTH | $22,000 |
| BLOOMINGTON PARKS FOUNDATION BLOOMINGTON, IN | HEALTH | $32,000 |
| BLOOMINGTON ROOTS FOUNDATION INC BLOOMINGTON, IN | EDUCATION | $15,000 |
| BOYS & GIRLS CLUBS OF BLOOMINGTON BLOOMINGTON, IN | SOCIAL SERVICES | $49,000 |
| BOYS & GIRLS CLUBS OF LARIMER COUNTY FORT COLLINS, IN | SOCIAL SERVICES | $398,320 |
| BOYS AND GIRLS CLUB OF ST JOSEPH COUNTY INC SOUTH BEND, IN | EDUCATION | $249,732 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Thomas F Veldman - Principal Officer
- Nancy Ickler - Executive Director and Secretary ($244,000 compensation, 2024)
- Andrea Reeder - Board Member
- Christian Gold Stagg - Senior Director, Development
- Jeff Cool - Development Director
- Keri Kingsborough - Manager of Development
The foundation is governed by 11 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS F VELDMAN | DIRECTOR/PRESIDENT | 4 | — |
| CONNIE V JOINES | DIRECTOR/VP & ASST. SECRETARY | 2 | — |
| SHARON EDMONDS | DIRECTOR/VP & TREASURER | 2 | — |
| NANCY ICKLER | EXEC. DIRECTOR & SECRETARY | 40 | $244,000 |
| ANITA J VELDMAN | DIRECTOR/VP | 2 | — |
| MICHAEL A JOINES | DIRECTOR/VP | 2 | — |
| MATTHEW E EDMONDS | DIRECTOR/VP | 2 | — |
| DAVID P VELDMAN | DIRECTOR/VP | 2 | — |
| MARCIA S VELDMAN | DIRECTOR/VP & PROGRAM OFFICER | 11 | $26,600 |
| MARK P VELDMAN | DIRECTOR/VP | 2 | — |
| LAURA JENSEN | ASSOCIATE DIRECTOR | 40 | $139,848 |
Recent News & Activity
Recent developments and announcements
The foundation has been actively engaged in major campaign initiatives, including the **AsanteForward campaign**, which represents its most ambitious philanthropic effort to date focused on transforming healthcare quality and scope in the community. The campaign has reached a $35 million milestone.
Asante Foundation hits $35 million milestone for AsanteForward campaign -Current campaign initiatives include funding for cancer care, age-friendly care, behavioral health services, and a new patient pavilion housing the Olsrud Family Women's and Children's Hospital, cardiac care, advanced surgical services, and critical care facilities.
The foundation also supports programs including the Children's Miracle Network and hospitality houses that provide low-cost or free lodging for patients receiving treatment.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Asante Foundation Inc fund?
The foundation does not maintain a publicly stated mission statement. However, based on grant activity, primary funding areas include: • Education (K-12 schools, youth education, higher education) • Health and healthcare services • Social services • Behavioral health • Cancer care initiatives • Age-friendly care programs
How do I apply for a grant from Asante Foundation Inc?
**Grant Activity:** • Annual giving: $11.8 million (2024) • Grant count: 60 grants (2024) • Average grant size: $196,000 • Grant range: $3,000 to $1.9 million • Total grants made: 151 grants totaling $23.9 million across available records • Median grant: $99,000-$100,000 **Recent Grant Examples (2024):** • University of Notre Dame: $1,278,322 • Reins of Life: $700,000 • United Way of Larimer County: $648,511 **Application Process:** The foundation only makes contributions to preselected charita…
Where does Asante Foundation Inc make grants?
The foundation primarily funds organizations in: • Indiana • Colorado These two states account for the majority of grant distributions. Additional funding has been documented in Maryland.
What size grants does Asante Foundation Inc award?
In 2024, Asante Foundation Inc awarded 60 grants totaling $11.8M — an average of about $196K per grant, based on its IRS Form 990 filings.
How much is Asante Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Asante Foundation Inc reported a distributable amount of $10.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Asante Foundation Inc's EIN?
Asante Foundation Inc's EIN (Employer Identification Number) is 20-3554641. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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