Asness Family Foundation

The information for Asness Family Foundation is as of the organization's most recent filing in February '22. This organization is located in Melville, NY. It has been in existence for 5 years, following its founding in 2017.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Asness Family Foundation's NTEE code is T20, indicating that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. This classification describes organizations that are nongovernmental and nonprofit, with funds and programs managed by their own trustees or directors. These foundations are established to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses organizations engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.

Grant History

Our dataset includes five years of grant history for the Asness Family Foundation. Over the course of these five years, they have awarded a total of 75 grants, with an average check size of $1,298,400. The foundation awards grants in various sectors, with the highest number of grants awarded in the Education sector (27), followed by Medical Research (10) and Public & Societal Benefit (6). In terms of geographical distribution, the foundation has awarded the most grants in Connecticut (13), followed by Illinois (12), Massachusetts (9), and New York (9). They have also awarded grants in Virginia (7), Washington D.C. (7), Utah (6), and several other states.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $1,068,234
Net Rental Income$0
Net Gain on Sale of Assets $6,667,728
Capital Gain Net Income $6,667,728
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $85,957
Total Revenue $7,821,919

Grants Awarded

Over the last fiscal year, Asness Family Foundation has awarded $12,630,000 in support to 12 organizations.

Grant RecipientAmount

INTERNATIONAL RESCUE COMMITTE

Org PageRecipient Profile

New York, NY

PURPOSE: GLOBAL HUMANITARIAN AID

$4,000,000

GREENWICH ACADEMY

Org PageRecipient Profile

Greenwich, CT

PURPOSE: EDUCATIONAL PROGRAMS

$2,150,000

THE UNIVERSITY OF PENNSYLVANIA

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: EDUCATIONAL PROGRAMS

$2,000,000

THE UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: ASNESS JUNIOR FACULTY FELLOWSHIP

$1,000,000

AMERICAN ENTERPRISE INSTITUTE

PURPOSE: THINK TANK FOR PUBLIC POLICY

$960,000

THE UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: AQR CAPITAL MANAGEMENT ENDOWED PROFESSORSHIP FUND.

$750,000
View Grant Profile

Peer Organizations

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