Aspen Foundation
Aspen Foundation is a private foundation, based in Reno, NV. IRS filing data is available from 2020 through 2025. In 2025, it awarded 2 grants totaling $3.5M. Net investment income was $69K.
Aspen Foundation at a glance
In short: Aspen Foundation gave $3.5M across 2 grants in 2025 (avg $1.7M), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,472,716
- +985.2% vs 2024
- Grants made (2025)
- 2
- -60.0% vs 2024
- Average grant
- $1,736,358
- +2613.1% vs 2024
- Median grant
- $1,736,358
- Primary geography
- Indiana (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Aspen Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Morgan Stanley Global Impact Funding Trust Inc (MS GIFT) ($3.1M). Together the top 2 received $3.5M.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 12 grants of 18 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Aspen Foundation gives
- Giving grew 1636% from 2022 to 2025. Method
- In 2025 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 2020 to 2025, annual grant giving ranged from $28K (2020) to $3.5M (2025). In 2025 it made 2 grants totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc (MS GIFT) Indianapolis, IN | Donor Advised Fund | $3,122,716 |
| Realty Gift Fund Santa Fe, NM | Property located at 16400 S. Virginia St. Reno, NV | $350,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $94,374 | $3,499,448 | $3,472,716 | 2 | $3,475,912 | $68,632 | $103,948 |
| 2024 | $3,405,074 | $483,172 | $345,935 | $320,000 | 5 | $326,410 | $275,938 | $162,784 |
| 2023 | $3,267,837 | $245,857 | $242,788 | $220,000 | 5 | $225,200 | $133,945 | $145,631 |
| 2022 | $3,264,768 | $-121,080 | $222,905 | $199,999 | 4 | $204,199 | $778,382 | $144,426 |
| 2021 | $3,608,753 | $2,628,403 | $52,998 | $40,000 | 2 | $52,858 | $303,233 | $65,079 |
| 2020 | $1,033,348 | $271,115 | $31,526 | $28,000 | 2 | — | $21,319 | $41,830 |
Under IRS private-foundation payout rules, Aspen Foundation reported a distributable amount of $104K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Aspen Foundation is led by Catherine M MacDonald, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Catherine M MacDonald
Trustee
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Paul G. Macdonald Dec (2024) — Trustee
- Former: Paul G. Macdonald (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Aspen Foundation
How much does Aspen Foundation give each year?
Aspen Foundation gave $3.5M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $320K across 5 grants.
Where does Aspen Foundation operate?
Aspen Foundation has awarded grants in California, Indiana, New Mexico, Nevada, New York.
How much is Aspen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Aspen Foundation reported a distributable amount of $104K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Aspen Foundation's EIN?
Aspen Foundation's EIN (Employer Identification Number) is 31-1595975. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Aspen Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Aspen Foundation's focus areas in our free grants database
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