Arizona State University Foundation for a New American University
Also known as ASU Foundation
Arizona State University Foundation for a New American University reported $452.6 million in revenue and $235.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.31 went to program services, $0.86 to management and general costs and $10.83 to fundraising. Its largest source of revenue was contributions and grants: 80.1% of the total. The highest compensation it reported for one person was $708,275 (CHIEF EXECUTIVE OFFICER ASUF). 60 people received more than $100,000 in reportable compensation. Revenue rose 93% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $235MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $453MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 10.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 80.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $708,275 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.30% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 60 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 87.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseResearch support - the asu foundation provided more than $81 million in research funding for asu. The asu foundation received more than $53 million of contributions to support asu research in information privacy and security; supply chain management; environment and sustainability; early childhood education, and other areas
Specific university programs - the asu foundation provided more than $45 million in support of sustainability and education activities, entrepreneurial activities, and programming activities. Asu foundation received over $85 million in contributions to support these activities
Student and faculty support - the asu foundation provided over $48 million for asu programs that assist undergraduate and graduate students. Asu foundation received over $194 million of contributions to support faculty recognition and professorships and for student support
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER ASUF Director/trustee, officer, 50.00 hrs/week | $621,255 | $0 | $87,020 | $708,275 |
| SENIOR VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $296,319 | $0 | $56,991 | $353,310 |
| EXECUTIVE DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $302,213 | $0 | $49,229 | $351,442 |
| VICE PRESIDENT UNIT DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $302,516 | $0 | $45,920 | $348,436 |
| CHIEF GLOBAL ADVANCEMENT OFFICER Highest compensated employee, 40.00 hrs/week | $297,240 | $0 | $48,286 | $345,526 |
| VICE PRESIDENT, CFO & TREASURER Officer, 8.00 hrs/week | $0 | $295,939 | $44,812 | $340,751 |
| VICE PRESIDENT ENGAGEMENT & OUTREACH Highest compensated employee, 40.00 hrs/week | $296,173 | $0 | $44,253 | $340,426 |
| GENERAL COUNSEL, SECRETARY (AS OF 9/24) Officer, 1.00 hrs/week | $0 | $65,376 | $12,087 | $77,463 |
60 people received more than $100,000 in reportable compensation from Arizona State University Foundation for a New American University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $710K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5255
- Volunteers Part I, line 624
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BLACKROCK Outsourced ci | $2,263,771 |
| LAUREL STRATEGIES INC Consulting | $632,263 |
| TRUE SENSE MARKETING INC Consulting | $371,238 |
| THE EUDY COMPANY LTD Professional fundraiser | $349,356 |
| MONTAGE NORTH AMERICA LLC Event services | $299,510 |
Individuals listed as contractors are left out. 18 contractors were paid more than $100,000 in all.
Private foundation grants it received
49 private foundations reported grants to Arizona State University Foundation for a New American University totaling $26M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Arizona State University Foundation for a New American University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Arizona State University Foundation for a New American University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Arizona State University Foundation for a New American University spent in FY2025, $88.31 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bowdoin CollegeBrunswick, ME · revenue $450M · programs 81.7% · FY2025
- Success Academy Charter Schools - NYCNew York, NY · revenue $453M · programs 90.5% · FY2025
- Renaissance Charter SchoolFort Lauderdale, FL · revenue $449M · programs 83.9% · FY2025
- University of Colorado FoundationDenver, CO · revenue $456M · programs 78.3% · FY2025
- Illinois Institute of TechnologyChicago, IL · revenue $449M · programs 85.4% · FY2025
Questions people ask
How much of Arizona State University Foundation for a New American University's spending goes to programs?
In the fiscal year ending June 30, 2025, Arizona State University Foundation for a New American University reported that 88.3% of its $235.3 million in expenses went to program services, 0.9% to management and general and 10.8% to fundraising (Form 990, Part IX).
How much does Arizona State University Foundation for a New American University pay its top executive?
The largest total compensation Arizona State University Foundation for a New American University reported for one person in the fiscal year ending June 30, 2025 was $708,275, for the role of CHIEF EXECUTIVE OFFICER ASUF (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Arizona State University Foundation for a New American University get its money?
Of $452.6 million in revenue in the fiscal year ending June 30, 2025, 80.1% came from contributions and grants and 0.2% from program service revenue (Form 990, Part VIII).
Is Arizona State University Foundation for a New American University a registered charity?
The IRS lists EIN 86-6051042 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640799349301009 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510739349302111 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420899349300627 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330599349300228 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143279349301329 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003219349321135 · read the filing
All filings for EIN 86-6051042: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.