ASU Enterprise Partners
See schedule oorganization's missionasu enterprise partners serves as the resource-raising arm of Arizona state university. As the parent organization of five nonprofits that are each tasked with identifying new revenue opportunities, ASU Enterprise Partners represents a highly efficient model for diversified revenue generation. Through its nonprofits, ASU Enterprise Partners invests in initiatives and partnership opportunities that provide resources to Arizona state university.
ASU Enterprise Partners at a glance
In short: ASU Enterprise Partners gave $7.0M across 3 grants in 2025 (avg $2.3M), mostly in Arizona. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $6,986,727
- +103.9% vs 2024
- Grants made (2025)
- 3
- -40.0% vs 2024
- Average grant
- $2,328,909
- +239.9% vs 2024
- Median grant
- $2,595,736
- Total assets
- $394,391,590
- +7.2% vs 2024
- Primary geography
- Arizona (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who ASU Enterprise Partners funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was ASU Foundation for a New American University ($4.3M). Together the top 3 received $7.0M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $50–100K range: 8 grants of 16 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How ASU Enterprise Partners gives
- Giving fell 49% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $3.0M (2021) to $15.3M (2023). In 2025 it made 3 grants totaling $7.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ASU Foundation for a New American University Tempe, AZ | Program Support | $4,306,168 |
| ASU Enterprise Partners Outreach Hub Tempe, AZ | Program Support | $2,595,736 |
| Arizona State University Tempe, AZ | Program Support | $84,823 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $394,391,590 | $26,141,383 | $25,478,371 | $6,986,727 | 3 | $3,858,635 |
| 2024 | $367,975,233 | $14,131,223 | $24,209,129 | $3,426,210 | 5 | $4,232,250 |
| 2023 | $361,760,963 | $17,546,517 | $35,781,750 | $15,254,640 | 3 | $3,792,002 |
| 2022 | $381,094,670 | $23,987,399 | $29,543,399 | $13,674,497 | 3 | $11,202,264 |
| 2021 | $301,976,784 | $28,594,627 | $18,538,133 | $2,975,233 | 2 | $5,269,732 |
| 2019 | $257,556,147 | $65,695,653 | $25,705,954 | $7,009,179 | 3 | $13,861,203 |
About ASU Enterprise Partners
Based on IRS filings
ASU Enterprise Partners is a public charity focused on Education, based in Tempe, AZ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $394.4M in total assets. In 2025, it awarded 3 grants totaling $7.0M. Net investment income was $3.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
ASU Enterprise Partners is led by Augustine Cheng, Managing Director & CEO since 2025 (on filings since 2019); 12 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Augustine Cheng
Managing Director & CEO
CEO → Md & CEO, 2022
Md & CEO → Managing Director & CEO, 2025
On filings since 2019
50 hrs/week
$605K (2019) → $596K (2025)
Daniel Dillon
Former President & CEO
President & CEO → Former President & CEO, 2025
On filings since 2021
38 hrs/week
$563K (2021) → $177K (2025)
Kyle Siegal
Executive Director & Chief Patent Counsel
Senior Vice President & Chief Patent Counsel → Executive Director & Chief Patent Counsel, 2024
On filings since 2021
40 hrs/week
$239K (2021) → $329K (2025)
John W. Graham
Chair
Director → Director & Chair, 2022
Director & Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Jeff Mindlin
Chief Invest. Officer & Managing Director Ur
Chief Investment Officer → Chief Invest. Officer & Managing Director Ur, 2025
On filings since 2022
40 hrs/week
$299K (2022) → $384K (2025)
Jeff Roberts
Managing Director Ur
On filings since 2022
50 hrs/week
$296K (2022) → $347K (2025)
Samantha Bradley
Managing Director Realm Spark
New on the 2025 filing
40 hrs/week
$230K (2025)
Anne L. Mariucci
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Crow
Director
Director → Asu President, 2022
Asu President → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Morgan Olsen
Director
Director → Vice Chair, 2022
Vice Chair → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Steve Betts
Director
Director → Chair, 2022
Chair → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Chris Howard
Director
On filings since 2022
1 hr/week
No compensation reported
Lisa Loo
Director
On filings since 2022
1 hr/week
No compensation reported
Virginia E. Desanto
Vice President, CFO & Treasurer
CFO, Treasurer & Director → Vice President, Treasurer & CFO, 2021
On filings since 2019
38 hrs/week
$257K (2019) → $296K (2025)
Charlie Lewis
Vice President Venture Development & Phys Sci.
Senior Vice President of Venture Development → Vice President Venture Development & Physical Sci., 2022
Vice President Venture Development & Physical Sci. → Vice President Venture Development & Phys Sci., 2024
On filings since 2021
40 hrs/week
$230K (2021) → $256K (2025)
Mackenzie Woods
General Counsel & Secretary
Interim Secretary → General Counsel & Secretary, 2025
On filings since 2024
47 hrs/week
$65K (2025)
Erin Barringer-Sterner
Chief Data Officer
New on the 2025 filing
40 hrs/week
$209K (2025)
Gina Miller
Chief People Officer
New on the 2025 filing
40 hrs/week
$213K (2025)
Meridith Rentz
Chief Enterprise Partners Officer
New on the 2025 filing
40 hrs/week
$371K (2025)
Juanita Francis
Vice Chair
On filings since 2019
1 hr/week
No compensation reported
Nicole Colyer
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (36)
- Former: Hope Sharett (2021–2024) — General Counsel & Corporate Secretary
- Former: Gretchen Buhlig (2022–2024) — Director & CEO
- Former: Nita Francis (2022–2024) — Vice Chair
- Former: Stephanie Leach (2022–2024) — Chief Tech. Officer
- Former: Mark Searle (2024) — President & CEO
- Former: Rahima Mistry (2024) — Vice President Strategic Insights & Analytics
- Former: William Post (2019–2023) — Chair
- Former: Debbie Williams - Chief (2023) — Operations Officer
- Former: Jose Cardenas (2019–2022) — Director
- Former: Mitchell R. Levin (2019–2022) — CEO & Managing Director · Filing note: Thru 011521
- Former: Debbie Williams (2021–2022) — Chief Operations Officer
- Former: Jim O'Brien (2021–2022) — Director
- Former: Gary L. Trujillo (2019–2021) — Director
- Former: Harry Papp (2019–2021) — Director
- Former: Jay Heiler (2019–2021) — Director
- Former: Jeffrey Mindlin (2019–2021) — Vice President of Investments
- Former: Keith Wirtz (2019–2021) — Director
- Former: Kenneth Polasko (2019–2021) — Executive Vice President Physical Sciences
- Former: Marcel Valenta (2019–2021) — Former Officer
- Former: Roger Wittlin (2019–2021) — Director
- Former: Scott Wald (2019–2021) — Director
- Former: Tony Corey (2019–2021) — Director
- Former: Bob Johnson (2021) — Director
- Former: Greg Vogel (2021) — Director
- Former: Jaunita Francis (2021) — Vice Chair
- Former: Jim Ameduri (2021) — Director
- Former: Rick Shangraw (2021) — Former President & CEO
- Former: Steve Evans (2021) — Director
- Former: Gregory Vogel (2019) — Director
- Former: Ira A. Fulton (2019) — Director
- Former: John Skinner (2019) — Vice President & Chief of Staff
- Former: Kenneth Lewis (2019) — Senior Vice President Venture Devt. - Si
- Former: Melissa Kwilosz (2019) — Chief Information Officer
- Former: Rf Shangraw Jr. (2019) — CEO & Director
- Former: Robert Johnson (2019) — Director
- Former: Stephen O. Evans (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $596K, to Augustine Cheng (Managing Director & CEO (Si)). 12 officers or directors reported compensation on that filing.
Frequently asked questions about ASU Enterprise Partners
How much does ASU Enterprise Partners give each year?
ASU Enterprise Partners gave $7.0M across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.4M across 5 grants.
What is ASU Enterprise Partners's typical grant size?
ASU Enterprise Partners's median grant in 2025 was $2,595,736, and its average grant was $2,328,909, across 3 grants on its 2025 IRS Form 990.
Where does ASU Enterprise Partners give grants?
ASU Enterprise Partners gives mostly in Arizona: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Tempe, AZ (3 grants).
Does ASU Enterprise Partners give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on ASU Enterprise Partners's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Support" (3 grants).
How large is ASU Enterprise Partners?
ASU Enterprise Partners reported $394.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $26.1M.
What is ASU Enterprise Partners?
ASU Enterprise Partners is a public charity focused on Education, based in Tempe, AZ. It holds $394.4M in total assets as of 2025.
What is ASU Enterprise Partners's EIN?
ASU Enterprise Partners's EIN (Employer Identification Number) is 47-5599177. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 23, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 20, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 20, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS May 18, 2020)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work ASU Enterprise Partners funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in ASU Enterprise Partners's focus areas in our free grants database
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ASU Enterprise Partners down — hundreds of funders to go?