ASPEN TR is a private foundation based in Rapid City, South Dakota. Established in 2020, it operates as a trust with a focus on philanthropic grantmaking to organizations serving disadvantaged communities worldwide.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.5M
-6.3% YoY
Annual Giving
$306K
-82.5% YoY
Grant Count
20
-13.0% YoY
Avg Grant Size
$15K
-79.9% YoY
Mission & Focus Areas
ASPEN TR's primary mission is philanthropy, making grants to organizations that provide direct benefits to disadvantaged communities worldwide. The foundation supports two main program areas:
Philanthropy — Grants to organizations whose programs focus on human rights, sustainable and economic development, as well as support of Jewish culture and a pluralistic society in Israel.
Arts — Recognizing that contemporary artists make important contributions to a progressive society, ASPEN TR makes grants to support the exhibition of contemporary arts and collaborations among contemporary artists, curators, and art organizations around the world.
Grantmaking
ASPEN TR made 19 grants in 2023 and 23 grants in 2024. The foundation reported total expenses of $1,818,775 in 2023, with an average grant size of approximately $347. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
of approximately $347. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Average Grant
of approximately $347. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
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Geographic Focus
Where this funder awards grants
ASPEN TR funds projects across multiple U.S. states including California, New York, Washington, Maryland, Delaware, Florida, Colorado, and New Hampshire. The foundation also supports initiatives internationally, with documented funding in cities including Hong Kong and other locations worldwide.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $7,992,765 (as of 2023)
Annual Revenue: $1,028,670 (2023)
Annual Expenses: $1,818,775 (2023)
Total Grants Awarded: 23 grants in 2024; 19 grants in 2023
The foundation's expense ratio of 176.8% indicates spending exceeds annual revenue, reflecting drawdown of assets for grantmaking purposes.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,490,715 | $7,992,765 | $10,060,089 |
| Revenue | $1,374,166 | $1,028,670 | $-3,773,061 |
| Expenses | $460,056 | $1,818,775 | $1,670,440 |
| Qualifying Distributions | $445,056 | $1,803,775 | $1,669,899 |
| Net Investment Income | $23,051 | $5,700 | $12,945 |
| Distributable Amount | $482,730 | $578,895 | $586,505 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
ASPEN TR is overseen by trustees Roland Worms and Patricia Terdjman, both of whom serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROLAND WORMS | TRUSTEE | — | — |
| PATRICIA TERDJMAN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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