The Asen Foundation
The Asen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $676K in total assets. In 2024, it awarded 23 grants totaling $40K. Net investment income was $87K.
Key facts about The Asen Foundation
- EIN
- 20-7361210
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $39,650
- Grants made (2024)
- 23
- Average grant
- $1,724
- Median grant
- $1,000
- New grantees (estimate)
- 22% first-time grantees (5 of 23, 2024)
- Total assets
- $676,490
- Primary geography
- Connecticut (60% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Asen Foundation funds
By grant dollars, the top recipient states for The Asen Foundation's 23 itemized 2024 grants were Connecticut (60%), New York (33%) and Arizona (5%). The most frequent recipient cities were New York, NY (5 grants), Canaan, CT (3 grants), Falls Village, CT (2 grants) and Copake, NY (2 grants). None of its 23 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (23 grants).
Is The Asen Foundation open to new grantees?
22%
first-time grantees, 2024
In 2024, 5 of 23 grantees (22%) were first-time recipients. First grants averaged $3K; repeat grants $1K. How we count
Medians: $2K first-time, $750 repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving fell 75% from 2021 to 2024. Method
- In 2024 it paid out 674% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Asen Foundation
- How to evaluate The Asen Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$676K
+7.0% YoY
Annual Giving
$40K
-35.7% YoY
Grant Count
23
+64.3% YoY
Avg Grant Size
$2K
-60.9% YoY
Under IRS private-foundation payout rules, The Asen Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About The Asen Foundation
Based on IRS filings
The Asen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $676K in total assets. In 2024, it awarded 23 grants totaling $40K. Net investment income was $87K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $676,490 | $632,211 | $601,897 |
| Revenue | $86,518 | $94,919 | $23,464 |
| Expenses | $42,594 | $64,606 | $161,263 |
| Qualifying Distributions | $39,650 | $61,650 | $157,730 |
| Net Investment Income | $86,518 | $2,702 | $7,054 |
| Distributable Amount | $5,882 | $14,980 | $21,497 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
121 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include LJMN Media Inc ($10,000), Housatonic Valley Association ($5,000), NY Hot Jazz Camp Corp ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| LJMN MEDIA INC Falls Village, CT | SUPPORT | $10,000 |
| HOUSATONIC VALLEY ASSOCIATION Cornwall Bridge, CT | SUPPORT | $5,000 |
| NY HOT JAZZ CAMP CORP New York, NY | SUPPORT | $2,500 |
| COPAKE VILLAGE USA Copake, NY | SUPPORT | $2,500 |
| WORLD SCIENCE FOUNDATION New York, NY | SUPPORT | $2,500 |
| CAMPHILL VILLAGE USA Copake, NY | SUPPORT | $2,500 |
| THE CANAAN FOUNDATION INC Canaan, CT | SUPPORT | $2,000 |
| CANAAN COMMUNITY TRUST Canaan, CT | SUPPORT | $2,000 |
| TIERRA MADRE HORSE & HUMAN SANCTUAR Cave Creek, AZ | SUPPORT | $2,000 |
| FISHES AND LOAVES PANTRY Canaan, CT | SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Scott Asen | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Asen Foundation?
The Asen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in New York, NY. It holds $676K in total assets as of 2024.
How large is The Asen Foundation?
As of 2024, The Asen Foundation holds $676K in total assets with $87K in annual revenue. It awarded 23 grants totaling $40K in 2024.
Where does The Asen Foundation operate?
The Asen Foundation has awarded grants in Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Louisiana, Massachusetts, Maine, New York, Pennsylvania, Virginia, Washington.
What size grants does The Asen Foundation award?
In 2024, The Asen Foundation awarded 23 grants totaling $40K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Asen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Asen Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Asen Foundation's EIN?
The Asen Foundation's EIN (Employer Identification Number) is 20-7361210. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.