ASU Foundation Tax Filings Reveal Little On Personal Ties, Lobbying Expenses
By Charles T. Clark
PHOENIX – Over the past decade the ASU Foundation for a New American University, the nonprofit fundraising arm of Arizona State University, has brought in revenues upwards of $100 million per year and given more than $60 million in grants annually back to the university.
Incorporated in 1955, the foundation was envisioned as a way to support Arizona’s fastest-growing university. And throughout the years as ASU has grown, the foundation has become a crucial piece of university operations, offering support through a variety means including philanthropy, research funding and partnerships and investment.
In 2016, ASU Foundation was reorganized as a conglomerate of nonprofits known as ASU Enterprise Partners.