The ASCO Foundation is a private foundation established in 2012 and based in Lubbock, Texas. It operates as a 501(c)(3) organization with no employees, managing substantial assets to support philanthropic initiatives across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$919K
+16.5% YoY
Grant Count
23
+15.0% YoY
Avg Grant Size
$40K
+1.3% YoY
Mission & Focus Areas
The foundation does not specify particular subject areas of focus in its public filings. However, it has funded projects across various sectors and geographic regions, demonstrating a broad approach to grantmaking.
Grantmaking
Grant Range
is approximately $180
Average Grant
is approximately $180
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Geographic Focus
Where this funder awards grants
The foundation supports projects across Texas and California, with documented giving in the following Texas cities: Amarillo, Beaumont, Belton, Brenham, College Station, Granbury, Houston, Lubbock, Odessa, San Angelo, San Antonio, Shallowater, Tyler, and Wolfforth. The foundation also funds projects in Woodland Hills, California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets (2024): $30,170,615
- Total revenues (2024): $4,621,687
- Total expenses (2024): $1,321,011
- Expense ratio: 7.9% of total revenue spent on programs
Financial Trends:
- Investment income and dividends (2024): $417,774
- Net gain from sale of non-inventory assets (2024): $40,970
- Miscellaneous revenues (2024): $154,893
The foundation experienced significant changes year-over-year, with total grants and contributions declining 59.9% from 2023 to 2024, while investment income increased substantially by 2,843.1%.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include All Saints School ($300,000), Unbound Now ($173,446), Harvest House Ministry ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUBBOCK ISD FOUNDATION LUBBOCK, TX | GENERAL PURPOSE | $2,500 |
| FIBERMAX CENTER FOR DISCOVERY LUBBOCK, TX | GENERAL PURPOSE | $3,000 |
| COVENANT HOSPITAL FOUNDATION LUBBOCK, TX | GENERAL PURPOSE | $5,000 |
| WEST TEXAS FOOTBALL CLASSIC LUBBOCK, TX | GENERAL PURPOSE | $25,000 |
| JR LEAGUE OF LUBBOCK LUBBOCK, TX | GENERAL PURPOSE | $7,500 |
| ERNEST CECIL FOUNDATION ODESSA, TX | GENERAL PURPOSE | $33,100 |
| LUBBOCK COUNTY JUNIOR LIVESTOCK SHO IDALOU, TX | GENERAL PURPOSE | $6,000 |
| HEART GALLERY OF THE PANHANDLE PLAI LUBBOCK, TX | GENERAL PURPOSE | $10,000 |
| SOUTH PLAINS FOOD BANK LUBBOCK, TX | GENERAL PURPOSE | $7,500 |
| ALL SAINTS SCHOOL LUBBOCK, TX | GENERAL PURPOSE | $300,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by three trustees, all serving without compensation:
- WB Brax Wright
- John Stephen Wright
- Paula Wright Key
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WB BRAX WRIGHT | TRUSTEE | — | — |
| JOHN STEPHEN WRIGHT | TRUSTEE | — | — |
| PAULA WRIGHT KEY | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Asco Foundation fund?
The foundation does not specify particular subject areas of focus in its public filings. However, it has funded projects across various sectors and geographic regions, demonstrating a broad approach to grantmaking.
How do I apply for a grant from Asco Foundation?
**Grant Activity & Scale:** • In fiscal year 2024, the foundation awarded approximately $789,000 across 20 grants • Average grant size is approximately $180 • Recent notable grants include: • Unbound Now: $173,446 (2024) • Embracing Freedom Ministry: $100,000 (2024) • Children's Advocacy Center of Greater West Texas: $76,565 (2024) **Funding Trends:** • Total grants and contributions in 2024: $4,008,050 • The foundation reports being open to new applicants, with approximately 12% of new applica…
Where does Asco Foundation make grants?
The foundation supports projects across Texas and California, with documented giving in the following Texas cities: Amarillo, Beaumont, Belton, Brenham, College Station, Granbury, Houston, Lubbock, Odessa, San Angelo, San Antonio, Shallowater, Tyler, and Wolfforth. The foundation also funds projects in Woodland Hills, California.
What size grants does Asco Foundation award?
In 2024, Asco Foundation awarded 23 grants totaling $919K — an average of about $40K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Asco Foundation's focus areas in our free grants database
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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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