Arizona State University Foundation for A New American University
PO Box 2260attn Payroll Benefits, Tempe, AZ · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $452,595,918 | $235,333,977 | $1,720,240,732 |
| FY2024 | $276,143,909 | $213,676,231 | $1,496,543,442 |
| FY2023 | $299,319,127 | $173,459,672 | $1,383,303,976 |
| FY2022 | $295,474,196 | $172,089,032 | $1,253,831,500 |
| FY2021 | $233,378,142 | $141,528,221 | $1,182,990,739 |
| FY2020 | $234,163,963 | $167,164,857 | $994,294,752 |
| FY2019 | $246,041,374 | $137,224,151 | $949,252,672 |
| FY2018 | $200,945,028 | $129,801,023 | $837,241,131 |
| FY2017 | $152,888,392 | $123,638,324 | $753,986,042 |
| FY2016 | $128,297,930 | $112,071,977 | $744,902,089 |
| FY2015 | $164,833,367 | $105,293,431 | $736,516,860 |
| FY2014 | $165,498,589 | $97,951,089 | $712,191,845 |
| FY2013 | $115,022,499 | $83,655,535 | $654,715,745 |
| FY2012 | $131,274,212 | $79,081,293 | $587,076,858 |
Form 990 filings
The returns filed by Arizona State University Foundation for A New American University (EIN 86-6051042), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $362,370,199 | 80% |
| Program service revenue | $841,083 | <1% |
| Other revenue | $89,384,636 | 20% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $207,823,479 | 88% |
| Management & general | $2,019,352 | 1% |
| Fundraising | $25,491,146 | 11% |
What the numbers show
- Contributions & grants made up 80% of total revenue in FY2025.
- Program services accounted for 88% of functional expenses, management & general 1%, and fundraising 11%.
- 88% of functional expenses went to program services in FY2025. That is higher than 75.5% of 98 Education organizations in AZ.
- Net assets covered about 87.7 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 1050 Education organizations in AZ.
- Total revenue was the highest among 1064 Education organizations in AZ.
- Total revenue rose from $131,274,212 in FY2012 to $452,595,918 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $587,076,858 to $1,720,240,732 between FY2012 and FY2025.
- Contributions and grants made up 71% of revenue in FY2012 and 80% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY ("ASUF") IS A PRIVATE, NONPROFIT ORGANIZATION THAT RAISES AND MANAGES PRIVATE CONTRIBUTIONS TO SUPPORT THE WORK OF ARIZONA STATE UNIVERSITY.
IRS status
| Ruling year | 1958 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in AZ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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