Asco Foundation
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.
Key facts about Asco Foundation
- EIN
- 45-6659354
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $918,584
- Grants made (2024)
- 23
- Average grant
- $39,938
- Median grant
- $10,000
- New grantees (estimate)
- 65% first-time grantees (15 of 23, 2024)
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Asco Foundation funds
By grant dollars, the top recipient states for Asco Foundation's 23 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Lubbock, TX (12 grants) and Beaumont, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Asco Foundation open to new grantees?
65%
first-time grantees, 2024
In 2024, 15 of 23 grantees (65%) were first-time recipients. First grants averaged $36K; repeat grants $47K. How we count
Medians: $12K first-time, $6K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Asco Foundation
- How to evaluate Asco Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Ready to take the next step with Asco Foundation?
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
Share of all 23 itemized 2024 grant dollars.
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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include All Saints School ($300,000), Unbound Now ($173,446), Harvest House Ministry ($100,000).
| 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 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.