ASG Foundation is a private, family foundation based in Oak Brook, Illinois. Established in 2004, it operates as an independent charitable organization with tax-exempt status granted in February 2006.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$14K
-99.6% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$14K
-98.8% YoY
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.
Mission & Focus Areas
The foundation focuses on three primary areas:
- Arts and culture
- Education
- Religion
Grantmaking
ASG Foundation demonstrates significant grantmaking activity relative to its asset base. Historical grant awards have ranged from $250 to $3,368,110. The foundation's most recent filing indicates total giving of $13,947, though historical annual giving has been substantially higher, with total giving reaching $3,378,611 across its grantmaking history.
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Geographic Focus
Where this funder awards grants
The foundation supports various locations across the United States, including:
- Major urban centers: Chicago, Dallas, and New York
- Smaller communities: Homer Glen and Willow Brook
- Multiple states including California, Texas, New York, and Rhode Island
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
ASG Foundation's financial profile shows significant fluctuation in recent years:
| Year | Assets | Income |
|---|---|---|
| 2020 | $2,628,004 | $3,515,535 |
| 2021 | $2,028,824 | $613,843 |
| 2022 | $2,350,258 | $1,297,592 |
| 2023 | $19,113 | $153,448 |
The foundation's most recent filing (2024) indicates assets of $0 and total giving of $13,947. This represents a substantial decline from prior years, with the foundation filing a final return as of 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $19,113 | $2,350,258 |
| Revenue | $3,204 | $3,428 | $749,845 |
| Expenses | $22,317 | $3,393,360 | $221,140 |
| Qualifying Distributions | $18,122 | $3,381,649 | $186,100 |
| Net Investment Income | — | — | — |
| Distributable Amount | $871 | $13,844 | $160,620 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vanguard Charitable Endowment Program ($13,947).
| Recipient | Purpose | Amount |
|---|---|---|
| VANGUARD CHARITABLE ENDOWMENT PROGRAM WARWICK, RI | CHARITABLE | $13,947 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by three uncompensated directors:
- Ashutosh Gupta
- Sudha Gupta
- Shailly Barnes
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ASHUTOSH GUPTA | DIRECTOR | 2 | — |
| SUDHA GUPTA | DIRECTOR | 2 | — |
| SHAILLY BARNES | DIRECTOR | 2 | — |
Contact Information
Address: 403 Saint Marks Court, Oak Brook, IL 60523-2555
EIN: 20-1238601
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Asg Foundation fund?
The foundation focuses on three primary areas: • Arts and culture • Education • Religion
How do I apply for a grant from Asg Foundation?
ASG Foundation demonstrates significant grantmaking activity relative to its asset base. Historical grant awards have ranged from $250 to $3,368,110. The foundation's most recent filing indicates total giving of $13,947, though historical annual giving has been substantially higher, with total giving reaching $3,378,611 across its grantmaking history. The foundation's grantmaking priorities include education nonprofits, STEM education, science teacher support, and faith-based organizations.
Where does Asg Foundation make grants?
The foundation supports various locations across the United States, including: • Major urban centers: Chicago, Dallas, and New York • Smaller communities: Homer Glen and Willow Brook • Multiple states including California, Texas, New York, and Rhode Island
What size grants does Asg Foundation award?
In 2024, Asg Foundation awarded 1 grants totaling $14K — an average of about $14K per grant, based on its IRS Form 990 filings.
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 2020–2024.
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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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