Nonprofit · EIN 86-6051042
ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
Tax-exempt · TEMPE, AZ 85281
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $452,595,918 | $235,333,977 | $217,261,941 | $2,304,463,852 | $584,223,120 | $1,720,240,732 |
| June 30, 2024 | 990 | $276,143,909 | $213,676,231 | $62,467,678 | $2,038,433,605 | $541,890,163 | $1,496,543,442 |
| June 30, 2023 | 990 | $299,319,127 | $173,459,672 | $125,859,455 | $1,879,923,397 | $496,619,421 | $1,383,303,976 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $362,370,199
- Program service revenue
- $841,083
- Investment income
- $84,620,684
- Royalties
- $5,742
- Net gain from sales of assets
- $51,903,277
- Other revenue
- $4,763,952
Expenses
- Grants and similar amounts paid
- $193,382,473
- Compensation of officers, directors and key employees
- $710,264
- Other salaries and wages
- $14,656,679
- Salaries, compensation and benefits (total)
- $20,823,973
- Professional fundraising fees
- $1,188,000
- Legal fees
- $50,033
- Accounting fees
- $205,538
- Occupancy
- $407,149
- Travel
- $1,753,538
- Program services (functional)
- $207,823,479
- Management and general (functional)
- $2,019,352
- Fundraising (functional)
- $25,491,146
Balance sheet and other
- Total assets, start of year
- $2,038,433,605
- Total assets, end of year
- $2,304,463,852
- Total liabilities, end of year
- $584,223,120
- Net assets, end of year
- $1,720,240,732
- Land, buildings and equipment
- $19,563,182
- Publicly traded securities
- $827,703,495
- Net assets without donor restrictions
- $47,496
- Net assets with donor restrictions
- $1,720,193,236
- Gross unrelated business income
- $3,929,993
- Gross receipts
- $464,347,102
- Employees
- 255
- Volunteers
- 24
- Year formed
- 1955
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GRETCHEN BUHLIG | CHIEF EXECUTIVE OFFICER ASUF Trustee or director, Officer | 50 | $621,255 | $0 | $87,020 |
| JACQUELINE SMITH | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $296,319 | $0 | $56,991 |
| CARLY NIERI | EXECUTIVE DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $302,213 | $0 | $49,229 |
| ERIC SPICER | VICE PRESIDENT UNIT DEVELOPMENT Highest-paid employee | 40 | $302,516 | $0 | $45,920 |
| PATRICK MCDERMOTT | CHIEF GLOBAL ADVANCEMENT OFFICER Highest-paid employee | 40 | $297,240 | $0 | $48,286 |
| VIRGINIA DESANTO | VICE PRESIDENT, CFO & TREASURER Officer | 8 | $0 | $295,939 | $44,812 |
| BILL KAVAN | VICE PRESIDENT ENGAGEMENT & OUTREACH Highest-paid employee | 40 | $296,173 | $0 | $44,253 |
| MACKENZIE WOODS | GENERAL COUNSEL, SECRETARY (AS OF 9/24) Officer | 1 | $0 | $65,376 | $12,087 |
| JOHN W GRAHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUANITA F FRANCIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICOLE COLYER | SECRETARY (THRU 8/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNE MARIUCCI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENISE RESNIK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DOUG FULTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL M CROW | ASU PRESIDENT Trustee or director | 1 | $0 |
| MORGAN OLSEN | DIRECTOR Trustee or director | 1 | $0 |
| HARRY A PAPP | DIRECTOR Trustee or director | 2 | $0 |
| HIROSHI HAMADA | DIRECTOR Trustee or director | 1 | $0 |
| IRA A FULTON | DIRECTOR Trustee or director | 2 | $0 |
| JAY HEILER | DIRECTOR Trustee or director | 2 | $0 |
| JAZMIN MEDINA | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN BAILEY | DIRECTOR Trustee or director | 2 | $0 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 |
| LISA URIAS | DIRECTOR Trustee or director | 1 | $0 |
| MALISSIA CLINTON | DIRECTOR Trustee or director | 2 | $0 |
| MARY HENTGES | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL AGUIRRE | DIRECTOR Trustee or director | 1 | $0 |
| ROGER WITTLIN | SENIOR INVESTMENT ADVISOR Trustee or director | 1 | $0 |
| SATJIV CHAHIL | DIRECTOR Trustee or director | 1 | $0 |
| STEVE EVANS | DIRECTOR Trustee or director | 1 | $0 |
| TONY SARSAM | DIRECTOR Trustee or director | 2 | $0 |
| MEGAN BEUS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 37 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL DILLON DIRECTOR ASUF | (THRU 3/24)/CEO ASUEP (THRU 12/23) Trustee or director | 1 | $0 | $824,034 | $76,505 |
| GRETCHEN BUHLIG | CHIEF EXECUTIVE OFFICER ASUF Officer | 49 | $611,432 | $0 | $82,365 |
| JACQUELINE SMITH | VICE PRESIDENT Highest-paid employee | 40 | $354,662 | $0 | $53,023 |
| PATRICK MCDERMOTT | CHIEF ENGAGEMENT OFFICER THUNDERBIRD Highest-paid employee | 40 | $339,737 | $0 | $45,314 |
| ERIC SPICER | VICE PRESIDENT UNIT DEVELOPMENT Highest-paid employee | 40 | $327,226 | $0 | $41,805 |
| SUZANNE RINKER | VICE PRESIDENT ENTERPRISE DEVELOPMENT Highest-paid employee | 40 | $310,645 | $0 | $51,779 |
| BILL KAVAN | VICE PRESIDENT ENGAGEMENT & OUTREACH Highest-paid employee | 40 | $316,120 | $0 | $43,819 |
| VIRGINIA DESANTO | VICE PRESIDENT, CFO & TREASURER Trustee or director, Officer | 10 | $0 | $305,588 | $44,377 |
| HOPE SHARETT | SECRETARY/GENERAL COUNSEL (THRU 12/23) Officer | 1 | $0 | $292,576 | $49,941 |
| MARK SEARLE DIRECTOR ASUF | CEO (ASUEP) (3/24 THRU 6/24) Trustee or director | 1 | $0 | $0 | $0 |
| JOHN GRAHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NITA FRANCIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICOLE COLYER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MACKENZIE WOODS | INTERIM SECRETARY (1/24 THRU 5/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENISE RESNIK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ROGER WITTLIN | SENIOR INVESTMENT ADVISOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH WIRTZ | DIRECTOR (THRU 5/24) Trustee or director | 1 | $0 | $0 | $0 |
| LISA URIAS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TONY SARSAM | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY PAPP | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MORGAN OLSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE MARIUCCI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAZMIN MEDINA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HIROSHI HAMADA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAY HEILER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LAUREN BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE BETTS | DIRECTOR (THRU 5/24) Trustee or director | 1 | $0 | $0 | $0 |
| IRA FULTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DOUG FULTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARY HENTGES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL CROW | ASU PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| SATJIV CHAHIL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MALISSIA CLINTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL AGUIRRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 34 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL DILLON | DIRECTOR (ASUF)/CEO (ASUEP) Trustee or director | 1 | $0 | $795,656 | $70,818 |
| GRETCHEN BUHLIG | CHIEF EXECUTIVE OFFICER (ASUF) Officer | 49 | $587,721 | $0 | $67,010 |
| PATRICK MCDERMOTT | CHIEF ENGAGEMENT OFFICER THUNDERBIRD Highest-paid employee | 40 | $298,767 | $0 | $40,788 |
| HOPE SHARETT | SECRETARY/GENERAL COUNSEL Officer | 1 | $0 | $296,500 | $40,360 |
| VIRGINIA E DESANTO | VICE PRESIDENT, CFO & TREASURER Trustee or director, Officer | 10 | $0 | $295,537 | $36,489 |
| JACQUELINE SMITH | VICE PRESIDENT Highest-paid employee | 40 | $274,647 | $0 | $44,725 |
| SUZANNE RINKER | VP ENTERPRISE DEVELOPMENT Highest-paid employee | 40 | $267,867 | $0 | $43,025 |
| ERIC SPICER | VICE PRESIDENT UNIT DEVELOPMENT Highest-paid employee | 40 | $262,860 | $0 | $37,016 |
| BILL KAVAN | VICE PRESIDENT ENGAGEMENT & OUTREACH Highest-paid employee | 40 | $267,203 | $0 | $30,322 |
| MICHAEL AGUIRRE | DIRECTOR (AS OF 05/2023) Trustee or director | 1 | $0 | $0 | $0 |
| LAUREN BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| STEVE BETTS | CHAIR (UR) Trustee or director | 1 | $0 | $0 | $0 |
| MALISSIA CLINTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL CROW | ASU PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| STEVE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NITA FRANCIS | VICE-CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| DOUG FULTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| IRA FULTON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN GRAHAM | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| HIROSHI HAMADA | DIRECTOR (AS OF 05/2023) Trustee or director | 1 | $0 | $0 | $0 |
| JAY HEILER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARY HENTGES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE MARIUCCI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORGAN OLSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY PAPP | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM POST | DIRECTOR & EP CHAIR (THRU 05/2023) Trustee or director | 1 | $0 | $0 | $0 |
| DENISE RESNIK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TONY SARSAM | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GARY TRUJILLO | DIRECTOR (THRU 05/2023) Trustee or director | 2 | $0 | $0 | $0 |
| LISA URIAS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KEITH WIRTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROGER WITTLIN | SENIOR INVESTMENT ADVISOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2260ATTN PAYROLL BENEFITS, TEMPE, AZ 85281-0000
- In care of
- % VIRGINIA E DESANTO
- Principal officer (990 for 2024)
- GRETCHEN BUHLIG, PO BOX 2260, TEMPE, AZ 852802260
- Signed the 990
- VIRGINIA E DESANTO, TREASURER
- Phone
- (480) 965-3759
- Website
- WWW.ASUFOUNDATION.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS A PRIVATE, NONPROFIT ORGANIZATION THAT RAISES AND MANAGES PRIVATE CONTRIBUTIONS TO SUPPORT THE WORK OF ARIZONA STATE UNIVERSITY.
Program accomplishments
- RESEARCH 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.Expenses $81,703,073 · grants $76,025,781 · revenue $2,201,289
- 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.Expenses $45,406,349 · grants $42,251,203 · revenue $1,223,362
- 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.Expenses $48,524,509 · grants $45,152,692 · revenue $1,307,374
- THE ASU FOUNDATION PROVDED OVER $32 MILLION TO SUPPORT THE EDUCATION, RESEARCH, PUBLIC SERVICE, AND OTHER ACTIVITIES OF ARIZONA STATE UNIVERSITY. IN ADDITION TO THE MORE THAN $850 THOUSAND OF PROGRAM REVENUE, ASU FOUNDATION RECEIVED OVER $44 MILLION OF CONTRIBUTIONS IN SUPPORT OF THESE ACTIVITIES.Expenses $32,189,548 · grants $29,952,796 · revenue $867,268
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-6051042
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $2,304,463,852
- Income (IRS master file)
- $464,347,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $452,595,918 | $235,333,977 | $2,304,463,852 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $276,143,909 | $213,676,231 | $2,038,433,605 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $299,319,127 | $173,459,672 | $1,879,923,397 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $295,474,196 | $172,089,032 | $1,713,596,162 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-6051042).
Questions about ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
- What is the EIN of ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY?
- The employer identification number (EIN) of ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY is 86-6051042.
- Is ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY?
- The 990 for the year ended June 30, 2025 names GRETCHEN BUHLIG.
- Who are the officers and directors of ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 33 people; 6 received compensation from the organization, the highest $621,255 (GRETCHEN BUHLIG, CHIEF EXECUTIVE OFFICER ASUF).
- How much revenue does ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $452,595,918, expenses of $235,333,977 and total assets of $2,304,463,852 at year end.
Other nonprofits in TEMPE
- ASU PREPARATORY ACADEMY EIN 26-0664313 · last filed 990 for 2025
- THE AMERICAN COLLEGE OF THE MEDITERRANEAN EIN 82-2123116 · last filed 990 for 2025
- DAISY EDUCATION CORPORATION EIN 86-0990917 · last filed 990 for 2025
- ASU ENTERPRISE PARTNERS EIN 47-5599177 · last filed 990 for 2025
- ASU PREP GLOBAL ACADEMY EIN 82-1019991 · last filed 990 for 2025
- ACADEMY OF MATH & SCIENCE INC EIN 04-3651539 · last filed 990 for 2025
- INSTITUTE FOR SUPPLY MANAGEMENT INC EIN 13-5265940 · last filed 990 for 2025
- SONORAN SCHOOLS EIN 45-2210319 · last filed 990 for 2025