The Vale-Asche Foundation
The Vale-Asche Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $20.8M. Net investment income was $1.9M.
The Vale-Asche Foundation at a glance
In short: The Vale-Asche Foundation gave $20.8M across 4 grants in 2021 (avg $5.2M), mostly in Indiana. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $20,804,269
- Grants made (2021)
- 4
- Average grant
- $5,201,067
- Median grant
- $5,201,068
- Primary geography
- Indiana (50% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who The Vale-Asche Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
The largest 2021 recipient was Morgan Stanley Gift DAF ($10.4M across 2 grants). Together the top 2 received $20.8M.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 4 (50%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 4 grants totaling $20.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Gift DAF Indianapolis, IN | Stock Transferred to Donor Advised Fund | $7,696,415 |
| The River and Pines Fund Houston, TX | Stock Transferred to Donor Advised Fund | $7,696,415 |
| Morgan Stanley Gift DAF Indianapolis, IN | Cash given to Donor Advised Fund | $2,705,720 |
| The River and Pines Fund Houston, TX | Cash given to Donor Advised Fund | $2,705,719 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2021 | — | $1,893,499 | $20,873,290 | $20,804,269 | 4 | $1,865,497 | $229,220 |
| 2020 | $13,324,145 | $1,048,667 | $30,327 | — | — | $1,023,966 | $796,874 |
Under IRS private-foundation payout rules, The Vale-Asche Foundation reported a distributable amount of $229K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Vale-Asche Foundation is led by Asche Ackerman, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2021 report compensation.
Officers on the 2021 filing
Asche Ackerman
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Sarah A. Howell
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Vale A. Russell (2020) — Chairman & CEO
Data from IRS Form 990 filings, 2020–2021. "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 Vale-Asche Foundation
How much does The Vale-Asche Foundation give each year?
The Vale-Asche Foundation gave $20.8M across 4 grants in 2021, according to its 2021 IRS Form 990-PF.
What is The Vale-Asche Foundation's typical grant size?
The Vale-Asche Foundation's median grant in 2021 was $5,201,068, and its average grant was $5,201,067, across 4 grants on its 2021 IRS Form 990-PF.
Where does The Vale-Asche Foundation give grants?
The Vale-Asche Foundation gives mostly in Indiana: 50% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The next largest state was Texas (50%). The most frequent recipient cities were Indianapolis, IN (2 grants) and Houston, TX (2 grants).
Does The Vale-Asche Foundation give general operating support?
Not in 2021: none of the 4 grants with a stated purpose on The Vale-Asche Foundation's 2021 IRS Form 990-PF were described as general or operating support.
How much is The Vale-Asche Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, The Vale-Asche Foundation reported a distributable amount of $229K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Vale-Asche Foundation's EIN?
The Vale-Asche Foundation's EIN (Employer Identification Number) is 51-6015320. IRS Form 990 filing data is available on this page for 2020–2021.
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 2020–2021
Live grants for the work The Vale-Asche Foundation funds
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