The Asfaw Family
The Asfaw Family is a private foundation, 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.
The Asfaw Family at a glance
In short: The Asfaw Family gave $40K across 7 grants in 2024 (avg $6K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $39,574
- -5.1% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $5,653
- -5.1% vs 2023
- Median grant
- $3,500
- Total assets
- $33,931
- -22.7% vs 2023
- Primary geography
- Colorado (79% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Asfaw Family funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Executives Partnering to Invest in Children ($12K). Together the top 7 received $40K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Asfaw Family gives
- Giving grew 203% from 2021 to 2024. Method
- In 2024 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 2024, annual grant giving ranged from $13K (2021) to $42K (2023). In 2024 it made 7 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Executives Partnering to Invest in Children Denver, CO | Grant | $12,000 |
| St Mary's Scholarship Fund Englewood, CO | Scholarship | $10,405 |
| Leukemia and Lymphoma Society Washington, DC | Donation | $8,300 |
| African Chamber of Commerce Colorado Denver, CO | Grant | $3,500 |
| CPRD Capital Campaign Denver, CO | Grant | $2,500 |
| NAACP Denver Denver, CO | Donation | $1,869 |
| YMCA of Metropolitan Denver Denver, CO | Grant | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $33,931 | $30,000 | $39,991 | $39,574 | 7 | $39,574 | $1,012 |
| 2023 | $43,922 | $30,000 | $44,978 | $41,682 | 7 | $41,682 | $2,202 |
| 2022 | $58,898 | $30,000 | $3,816 | — | — | — | — |
| 2021 | $32,714 | $40,000 | $16,160 | $13,050 | 3 | $13,050 | — |
| 2020 | $8,874 | $17,900 | $37,923 | $13,300 | 10 | — | — |
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.
Leadership & Key People
Officers and directors from IRS filings
The Asfaw Family is led by Getachew Asfaw, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Getachew Asfaw
President & Director
On filings since 2020
5 hrs/week
No compensation reported
Janice Asfaw
Secretary & Director
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 The Asfaw Family
How much does The Asfaw Family give each year?
The Asfaw Family gave $40K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $42K across 7 grants.
What is The Asfaw Family's typical grant size?
The Asfaw Family's median grant in 2024 was $3,500, and its average grant was $5,653, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Asfaw Family give grants?
The Asfaw Family gives mostly in Colorado: 79% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (21%). The most frequent recipient cities were Denver, CO (5 grants).
Does The Asfaw Family give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Asfaw Family's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant" (4 grants).
Who are The Asfaw Family's largest grantees?
The Asfaw Family's largest 2024 grantees include Executives Partnering to Invest in Children ($12,000), St Mary's Scholarship Fund ($10,405) and Leukemia and Lymphoma Society ($8,300), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is The Asfaw Family?
The Asfaw Family reported $34K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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