Asante Foundation Inc
Asante Foundation Inc is a private foundation based in South Bend, Indiana. Its 2024 filing reports 60 grants totaling $11,781,883, with grant dollars concentrated in Indiana and Colorado.
Asante Foundation Inc at a glance
In short: Asante Foundation Inc gave $11.8M across 60 grants in 2024 (avg $196K), mostly in Indiana. 22% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,781,883
- -19.1% vs 2023
- Grants made (2024)
- 60
- +3.4% vs 2023
- Average grant
- $196,365
- -21.8% vs 2023
- Median grant
- $110,000
- Total assets
- $156,701,693
- -2.1% vs 2023
- New grantees (estimate)
- 22% first-time grantees (13 of 60, 2024)
- Primary geography
- Indiana (64% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Asante Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 202 S Michigan St 910, South Bend, IN 46601
Phone: (574) 261-5270
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Asante Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Notre Dame ($1.3M). Together the top 10 received $5.9M.
Grant Size Distribution
269 grants across all recorded years
The most common grant size was in the $100–250K range: 100 grants of 269 (37%).
Geographic Focus
Where this funder awards grants
In 2024, Indiana recipients received 64% of grant dollars, Colorado recipients 18%, and Maryland recipients 8%. Florida accounted for 3% and North Carolina for 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 60 itemized grants.
States
Cities
Is Asante Foundation Inc open to new grantees?
22%
first-time grantees, 2024
In 2024, 13 of 60 grantees (22%) were first-time recipients. First grants averaged $97K; repeat grants $224K. How we count
Medians: $74K first-time, $150K repeat.
- 65% of 2024 grantees were also funded in 2023. Method
- Giving grew 46% from 2021 to 2024. Method
- In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.8M (2020) to $14.6M (2023). In 2024 it made 60 grants totaling $11.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Notre Dame Notre Dame, IN | Education, Health | $1,278,322 |
| Catholic Relief Services--Usccb Baltimore, MD | Social Services | $799,027 |
| Reins of Life Inc South Bend, IN | Social Services | $700,000 |
| United Way of Larimer County Inc Fort Collins, CO | Education, Social Services | $648,511 |
| Early Childhood Council of Larimer County Fort Collins, CO | Education | $500,000 |
| Hope Ministries South Bend, IN | Social Services | $500,000 |
| Homeward Alliance (Homeless Gear Inc) Fort Collins, CO | Social Services | $425,000 |
| Boys & Girls Clubs of Larimer County Fort Collins, IN | Social Services | $398,320 |
| Food for the Poor Inc Coconut Creek, FL | Social Services | $354,213 |
| Overture International High Point, NC | Social Services | $261,797 |
Ready to take the next step with Asante Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $156,701,693 | $10,677,319 | $13,878,378 | $11,781,883 | 60 | $12,299,180 | $9,143,971 | $10,330,346 |
| 2023 | $160,023,461 | $8,989,734 | $16,872,966 | $14,567,953 | 58 | $15,000,940 | $7,178,345 | $9,724,551 |
| 2022 | $167,802,410 | $9,694,373 | $12,264,331 | $9,989,908 | 50 | $10,333,731 | $7,949,365 | $10,136,359 |
| 2021 | $170,490,031 | $16,382,298 | $9,942,545 | $8,061,569 | 44 | $8,388,292 | $14,952,250 | $10,523,487 |
| 2020 | $163,618,832 | $7,400,694 | $7,563,163 | $5,840,874 | 57 | — | $6,060,909 | $8,828,056 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available filing information does not state a mission. Its 2024 grants list purposes including social services, education, and health. Grantees’ own descriptions illustrate the range of supported work: Reins of Life says it provides equine-assisted therapy to improve the quality of life for children and adults with disabilities; United Way of Larimer County describes work supporting children and youth through family financial stability, kindergarten readiness, reading, and high school graduation; and Hoosier Hills Food Bank says it distributes nutritious food to organizations running free feeding programs.
Grantmaking
In 2024, the foundation made 60 grants totaling $11,781,883. Grants ranged from $15,000 to $1,278,322, with a median of $110,000.
Among the largest grants were $1,278,322 to the University of Notre Dame for education and health; $799,027 to Catholic Relief Services--USCCB for social services; $700,000 to Reins of Life; $648,511 to United Way of Larimer County; and $500,000 each to Early Childhood Council of Larimer County and Hope Ministries. The filing lists the Reins of Life and Hope Ministries grants under social services, and the United Way and Early Childhood Council grants under education and social services, and education, respectively.
The foundation also gave $354,213 to Food for the Poor. The grantee describes its work as linking churches to serve people who are materially poor and poor in spirit. Other 2024 grants included $250,000 to One Acre Fund and $225,000 to Catholic Charities Bloomington. Catholic Charities Bloomington describes its work as providing mental-health education and counseling and advocating for accessible community mental-health services.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas F Veldman as director/president; Connie V Joines as director/VP and assistant secretary; Sharon Edmonds as director/VP and treasurer; and Nancy Ickler as executive director and secretary. It also lists Anita J Veldman, Michael A Joines, Matthew E Edmonds, David P Veldman, Marcia S Veldman, and Mark P Veldman as directors/vice presidents. Marcia S Veldman is additionally listed as program officer.
Asante Foundation Inc is led by Nancy Ickler, Executive Director & Secretary on every filing since 2020; 3 of 11 officers listed in 2024 are compensated.
Officers on the 2024 filing
Nancy Ickler
Executive Director & Secretary
On filings since 2020
40 hrs/week
$200K (2020) → $244K (2024)
Thomas F. Veldman
Director & President
On filings since 2020
4 hrs/week
No compensation reported
Marcia S. Veldman
Director, Vice President & Program Officer
Director & Vice President → Director & Program Officer, 2021
Director & Program Officer → Director, Vice President & Program Officer, 2022
On filings since 2020
11 hrs/week
$18K (2021) → $27K (2024)
Anita J. Veldman
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Connie V. Joines
Director, Vice President & Assistant Secretary
On filings since 2020
2 hrs/week
No compensation reported
David P. Veldman
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Mark P. Veldman
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Matthew E. Edmonds
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Michael A. Joines
Director & Vice President
On filings since 2020
2 hrs/week
No compensation reported
Sharon Edmonds
Director, Vice President & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Laura Jensen
Associate Director
On filings since 2023
40 hrs/week
$68K (2023) → $140K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $244K, to Nancy Ickler (Exec. Director & Secretary). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Asante Foundation Inc
How much does Asante Foundation Inc give each year?
Asante Foundation Inc gave $11.8M across 60 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14.6M across 58 grants.
What is Asante Foundation Inc's typical grant size?
Asante Foundation Inc's median grant in 2024 was $110,000, and its average grant was $196,365, across 60 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Asante Foundation Inc that year got $97K on average.
Where does Asante Foundation Inc give grants?
Asante Foundation Inc gives mostly in Indiana: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Colorado (18%) and Maryland (8%). The most frequent recipient cities were South Bend, IN (24 grants), Bloomington, IN (10 grants), Fort Collins, CO (7 grants) and Notre Dame, IN (3 grants).
Does Asante Foundation Inc give general operating support?
Not in 2024: none of the 60 grants with a stated purpose on Asante Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Social Services" (30 grants), "Education" (11 grants) and "Health" (7 grants).
Who are Asante Foundation Inc's largest grantees?
Asante Foundation Inc's largest 2024 grantees include University of Notre Dame ($1,278,322), Catholic Relief Services--Usccb ($799,027) and Reins of Life Inc ($700,000), according to its 2024 IRS Form 990-PF. Together they received 24% of its itemized 2024 grant dollars.
How large is Asante Foundation Inc?
Asante Foundation Inc reported $156.7M in total assets on its 2024 IRS Form 990-PF. It paid out $12.3M in qualifying distributions that year, against a required minimum of $10.3M (roughly 5% of its investment assets).
What does Asante Foundation Inc fund?
The available filing information does not state a mission. Its 2024 grants list purposes including social services, education, and health. See mission & focus areas ↑
How do I apply for a grant from Asante Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Asante Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Asante Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/asante-foundation-inc-morg_e289d0a73f54465d930dc2ef193868a2
BibTeX
@misc{grantable_203554641_2026,
author = {{Grantable}},
title = {{Asante Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/asante-foundation-inc-morg_e289d0a73f54465d930dc2ef193868a2},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Asante Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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