ASG Foundation
ASG Foundation is a private foundation based in Oak Brook, Illinois. Its 2024 IRS filing is marked as a final return and says the board made grants to liquidate the foundation’s assets; the filing also says its Fidelity investment account will be closed. The foundation therefore appears to have wound down.
ASG Foundation at a glance
In short: ASG Foundation gave $14K across 1 grant in 2024 (avg $14K), mostly in Rhode Island. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $13,947
- -99.6% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $13,947
- -98.8% vs 2023
- Median grant
- $13,947
- Primary geography
- Rhode Island (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
How to apply to ASG Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 403 St Marks Court, Oak Brook, IL 60523
Phone: (630) 325-4604
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who ASG Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Vanguard Charitable Endowment Program ($14K).
Grant Size Distribution
61 grants across all recorded years
The most common grant size was under $50K: 57 grants of 61 (93%).
Geographic Focus
Where this funder awards grants
The listed 2024 grant went to a recipient in Rhode Island.
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How ASG Foundation gives
- Giving fell 92% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $14K (2024) to $3.4M (2023). In 2024 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Endowment Program Warwick, RI | Charitable | $13,947 |
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Financial History
Multi-year comparison from IRS filings
The 2024 filing reports one grant of $13,947, so that was also the smallest, largest, and median grant amount for the year.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $3,204 | $22,317 | $13,947 | 1 | $18,122 | — | $871 |
| 2023 | $19,113 | $3,428 | $3,393,360 | $3,378,611 | 3 | $3,381,649 | — | $13,844 |
| 2022 | $2,350,258 | $749,845 | $221,140 | $183,728 | 20 | $186,100 | — | $160,620 |
| 2021 | $2,028,824 | $69,169 | $211,629 | $166,530 | 22 | $168,007 | $29,987 | $190,765 |
| 2020 | $2,628,004 | $1,119,999 | $126,688 | $101,079 | 15 | — | $392,837 | $129,099 |
| 2019 | $1,634,693 | $219,948 | $125,910 | $109,525 | 16 | — | $187,650 | $81,136 |
Under IRS private-foundation payout rules, ASG Foundation reported a distributable amount of $871 for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2024, the foundation reported one grant totaling $13,947. The sole listed grant was to Vanguard Charitable Endowment Program in Warwick, Rhode Island, for a charitable purpose. The foundation’s filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ashutosh Gupta, Sudha Gupta, and Shailly Barnes as directors.
ASG Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ashutosh Gupta
Director
On filings since 2019
2 hrs/week
No compensation reported
Shailly Barnes
Director
On filings since 2019
2 hrs/week
No compensation reported
Sudha Gupta
Director
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 ASG Foundation
How much does ASG Foundation give each year?
ASG Foundation gave $14K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.4M across 3 grants.
How do I apply for a grant from ASG Foundation?
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does ASG Foundation make grants?
The listed 2024 grant went to a recipient in Rhode Island.
How much is ASG Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, ASG Foundation reported a distributable amount of $871 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is ASG Foundation's EIN?
ASG Foundation's EIN (Employer Identification Number) is 20-1238601. IRS Form 990 filing data is available on this page for 2019–2024.
Does ASG Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- IRS filings on file for fiscal years 2020–2024
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Figures come from ASG 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.
ASG Foundation down — hundreds of funders to go?