The Asfaw Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 7 grants totaling $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34K
-22.7% YoY
Annual Giving
$40K
-5.1% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$6K
-5.1% YoY
Under IRS private-foundation payout rules, The Asfaw Family reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About The Asfaw Family
Based on IRS filings
The Asfaw Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 7 grants totaling $40K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,931 | $43,922 | $58,898 |
| Revenue | $30,000 | $30,000 | $30,000 |
| Expenses | $39,991 | $44,978 | $3,816 |
| Qualifying Distributions | $39,574 | $41,682 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,012 | $2,202 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Executives Partnering to Invest in Children ($12,000), St Mary's Scholarship Fund ($10,405), Leukemia and Lymphoma Society ($8,300).
| Recipient | Purpose | Amount |
|---|---|---|
| CPRD Capital Campaign Denver, CO | Grant | $2,500 |
| Executives Partnering to Invest in Children Denver, CO | Grant | $12,000 |
| African Chamber of Commerce Colorado Denver, CO | Grant | $3,500 |
| YMCA of Metropolitan Denver Denver, CO | Grant | $1,000 |
| Leukemia and Lymphoma Society Washington, DC | Donation | $8,300 |
| NAACP Denver Denver, CO | Donation | $1,869 |
| St Mary's Scholarship Fund Englewood, CO | Scholarship | $10,405 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Getachew Asfaw | President & Director | 5 | — |
| Janice Asfaw | Secretary & Director | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Asfaw Family?
The Asfaw Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. It holds $34K in total assets as of 2024.
How large is The Asfaw Family?
As of 2024, The Asfaw Family holds $34K in total assets with $30K in annual revenue. It awarded 7 grants totaling $40K in 2024.
Where does The Asfaw Family operate?
The Asfaw Family has awarded grants in Colorado, District of Columbia, Louisiana, Missouri, Nevada, Virginia.
What size grants does The Asfaw Family award?
In 2024, The Asfaw Family awarded 7 grants totaling $40K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Asfaw Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Asfaw Family reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Asfaw Family's EIN?
The Asfaw Family's EIN (Employer Identification Number) is 20-8024081. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Asfaw Family's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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