Asco Foundation
Asco Foundation is a private foundation based in Lubbock, Texas. Its 2024 filing reports 23 grants totaling $918,584, with all reported grant dollars going to recipients in Texas.
Asco Foundation at a glance
In short: Asco Foundation gave $919K across 23 grants in 2024 (avg $40K), mostly in Texas. 65% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $918,584
- +16.5% vs 2023
- Grants made (2024)
- 23
- +15.0% vs 2023
- Average grant
- $39,938
- +1.3% vs 2023
- Median grant
- $10,000
- Total assets
- $30,170,615
- +12.3% vs 2023
- New grantees (estimate)
- 65% first-time grantees (15 of 23, 2024; small sample)
- Primary geography
- Texas (100% 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 Asco Foundation
- How to Apply
-
The filing lists WB Wright as the contact and asks applicants to submit a letter stating the amount requested and purpose. Awards are restricted to organizations that qualify as exempt under Section 170(b)(1)(A).
- Contact
Application contact: Wb Wright
Mailing address: 4602 92Nd, Lubbock, TX 79424
Phone: (806) 745-2000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Asco Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was All Saints School ($300K). Together the top 10 received $854K.
Grant Size Distribution
94 grants across all recorded years
The most common grant size was under $50K: 80 grants of 94 (85%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Texas. Listed recipients were located in cities including Lubbock, Waco, Beaumont, San Angelo, Tyler, Odessa, Amarillo, and San Antonio.
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
States
Cities
Is Asco Foundation open to new grantees?
65%
first-time grantees, 2024
In 2024, 15 of 23 grantees (65%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $36K; repeat grants $47K. How we count
Medians: $12K first-time, $6K repeat.
- 22% of 2024 grantees were also funded in 2023. Method
- Giving grew 548% from 2021 to 2024. Method
- In 2024 it paid out 49% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $70K (2020) to $1.5M (2022). In 2024 it made 23 grants totaling $919K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| All Saints School Lubbock, TX | General Purpose | $300,000 |
| Unbound Now Waco, TX | General Purpose | $173,446 |
| Harvest House Ministry Beaumont, TX | General Purpose | $100,000 |
| Childrens Advocacy Center San Angelo, TX | General Purpose | $76,565 |
| Breedlove Foods Inc Lubbock, TX | General Purpose | $50,000 |
| For the Silent Tyler, TX | General Purpose | $39,500 |
| Ernest Cecil Foundation Odessa, TX | General Purpose | $33,100 |
| Amarillo Family Support Services Amarillo, TX | General Purpose | $31,197 |
| Onevoicehome Lubbock, TX | General Purpose | $25,613 |
| West Texas Football Classic Lubbock, TX | General Purpose | $25,000 |
Ready to take the next step with Asco Foundation?
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 | $30,170,615 | $4,621,687 | $1,321,011 | $918,584 | 23 | $918,584 | $170,240 | $1,880,326 |
| 2023 | $26,869,939 | $10,021,698 | $791,146 | $788,611 | 20 | $788,611 | $11,660 | $1,430,930 |
| 2022 | $17,639,232 | $5,000,051 | $1,503,358 | $1,503,323 | 23 | $1,503,323 | $8 | $1,035,034 |
| 2021 | $14,142,539 | $5,210,134 | $289,456 | $141,820 | 16 | $141,820 | $62,498 | $624,005 |
| 2020 | $9,207,027 | $5,189,448 | $154,546 | $70,028 | 12 | — | $77,214 | $451,403 |
Under IRS private-foundation payout rules, Asco Foundation reported a distributable amount of $1.9M 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
No mission statement or specific funding focus areas are stated. Grantees’ own descriptions illustrate some of the work supported: Breedlove Foods Inc says it partners globally to provide nutritious food to vulnerable people, while For the Silent says it works to end sex trafficking and exploitation through prevention, survivor care, and community transformation. The South Plains Food Bank describes its work as securing, growing, processing, and distributing food to charitable organizations and people in need.
Grantmaking
In 2024, the foundation made 23 grants totaling $918,584. Grant amounts ranged from $250 to $300,000, with a median of $10,000. Larger grants included $300,000 to All Saints School, $173,446 to Unbound Now, $100,000 to Harvest House Ministry, $76,565 to Childrens Advocacy Center, and $50,000 to Breedlove Foods Inc.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists three trustees: WB Brax Wright, John Stephen Wright, and Paula Wright Key.
Asco Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Stephen Wright
Trustee
On filings since 2020
No compensation reported
Paula Wright Key
Trustee
On filings since 2020
No compensation reported
Wb Brax Wright
Trustee
On filings since 2020
No compensation reported
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.
Frequently asked questions about Asco Foundation
How much does Asco Foundation give each year?
Asco Foundation gave $919K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $789K across 20 grants.
What is Asco Foundation's typical grant size?
Asco Foundation's median grant in 2024 was $10,000, and its average grant was $39,938, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Asco Foundation that year got $36K on average.
Where does Asco Foundation give grants?
Asco Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lubbock, TX (12 grants) and Beaumont, TX (2 grants).
Does Asco Foundation give general operating support?
Yes: 100% of Asco Foundation's 2024 grants with a stated purpose (23 of 23) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Asco Foundation's largest grantees?
Asco Foundation's largest 2024 grantees include All Saints School ($300,000), Unbound Now ($173,446) and Harvest House Ministry ($100,000), according to its 2024 IRS Form 990-PF. Together they received 62% of its itemized 2024 grant dollars.
How large is Asco Foundation?
Asco Foundation reported $30.2M in total assets on its 2024 IRS Form 990-PF. It paid out $919K in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Asco Foundation fund?
No mission statement or specific funding focus areas are stated. See mission & focus areas ↑
How do I apply for a grant from Asco Foundation?
The filing lists WB Wright as the contact and asks applicants to submit a letter stating the amount requested and purpose. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Asco Foundation's EIN?
Asco Foundation's EIN (Employer Identification Number) is 45-6659354. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Asco Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Asco Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/asco-foundation-morg_1524980a23f14ff79717f0964e0bd286
BibTeX
@misc{grantable_456659354_2026,
author = {{Grantable}},
title = {{Asco Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/asco-foundation-morg_1524980a23f14ff79717f0964e0bd286},
note = {Accessed 2026-10-15. 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 Asco Foundation'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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