Asia Foundation
85% goes to programs $1 to raise $100 Growing revenue
Asia Foundation is a 501(c)(3) organization based in San Francisco, California, registered in 1952, with $115,339,816 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
465 California St 9th Floor, San Francisco, CA, 94104 EIN 94-1191246 Since 1952
Revenue (FY2023)
$115.3M
▲ 0.7% vs prior year
International median: $227K
Expenses (FY2023)
$117.0M
Net assets
$38.0M
Employees
146
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Asia Foundation: 85% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asia Foundation: 4 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Asia Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asia Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The asia foundation is a non-profit, international development organization.
What they do
Economic growth, environmental resilience and regional cooperation: taf supports local, national, and regional-level efforts to foster economic growth and opportunity in asia and the pacific. taf's programs: support digital literacy skills development, stem education, and other workforce development initiatives; facilitate the application of digital technology in financial systems, trade, and small business management; strengthen the role and influence of business membership associations; help secure the policy measures and actions needed for economic growth and innovation and conducive business environments; and strengthen platforms for regional economic cooperation. taf's environmental programming facilitates increased cross-sectoral cooperation in natural resource management, disaster risk reduction, environmental conflict mitigation, and greater public and private investment in sustainable infrastructure. taf's regional cooperation includes leadership and exchange programs to identify and support the professional development of the next generation of asian and pacific leaders through scholarships and fellowships, and promotes increased multicountry cooperation on critical regional and international challenges, including aid effectiveness, trade and investment, security, and foreign policy.
Women's empowerment: taf expands women's economic opportunities, increases women's rights and security, and advances women's political participation, transforming the lives of tens of thousands of women and girls across asia and the pacific. taf programs: provide education, training, and scholarships to increase women's entrepreneurship and economic opportunities; strengthen laws and legal systems to promote women's rights and security by reducing trafficking and violence against women and girls; and advance women's participation and leadership in public affairs, law and policy making, and the business sector.
The asia foundation promotes a culture of reading and learning through the "let's read" digital library of local language children's literature.
Contact & location
- Address
- 465 California St 9th Floor, San Francisco, CA, 94104
- City
- San Francisco
- State
- California
- Subcategory
- International Development & Relief
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $127.0M (FY2013) to $115.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.2MNet assets $38.0M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$90.2M
Total liabilities
$52.2M
Net assets
$38.0M
Salaries & benefits
$61.1M
52% of expenses
Board members
28
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $115,339,816▲0.7% | $116,994,134▼0.7% | $37,963,790▲6.6% | $90,174,494▲2.1% | 990 |
| 2022 | $114,520,358▲12.7% | $117,865,560▲12.5% | $35,612,066▼4.8% | $88,330,326▲13.6% | 990 |
| 2021 | $101,640,301▲5.3% | $104,744,577▲7.4% | $37,401,749▼16.0% | $77,781,251▲1.8% | 990 |
| 2020 | $96,548,436▼8.9% | $97,516,612▲0.6% | $44,539,411▲4.3% | $76,412,898▲4.4% | 990 |
| 2019 | $105,975,756▲1.2% | $96,942,938▼7.8% | $42,720,439▲30.9% | $73,177,274▲5.9% | 990 |
| 2018 | $104,757,151▼0.9% | $105,133,876▼0.4% | $32,626,089▼0.9% | $69,117,354▲5.4% | 990 |
| 2017 | $105,715,978▼1.1% | $105,573,925▲1.1% | $32,935,008▲1.7% | $65,563,224▲9.3% | 990 |
| 2016 | $106,944,143▼5.5% | $104,446,388▼4.3% | $32,391,652▲13.2% | $59,975,525▼2.2% | 990 |
| 2015 | $113,177,863▼6.4% | $109,163,737▼8.6% | $28,611,366▲20.1% | $61,325,328▼2.4% | 990 |
| 2014 | $120,916,066▼4.8% | $119,462,977▼10.6% | $23,817,737▲4.2% | $62,816,353▼14.1% | 990 |
| 2013 | $127,048,031 | $133,648,452▼3.8% | $22,851,202▼21.2% | $73,156,853▲16.4% | 990 |
| 2012 | — | $138,906,281▼14.0% | $29,017,235▼35.2% | $62,824,852▼16.0% | 990 |
| 2011 | — | $161,453,978▲6.7% | $44,780,204▲12.7% | $74,761,491▲21.3% | 990 |
| 2010 | — | $151,290,491▼0.4% | $39,720,972▼9.5% | $61,636,301▼10.1% | 990 |
| 2009 | — | $151,924,948 | $43,890,555 | $68,567,032 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Laurel Miller — $414,308 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Laurel Miller | Ceo and President (from 02/2023) | 37.5 | $414,308 |
| Suzanne E Siskel | Evp & Coo | 37.5 | $343,954 |
| Kenneth M Krug | Vp Finance & Cfo | 37.5 | $320,904 |
| Winston K Chow | Senior Director | 37.5 | $314,460 |
| Meloney Lindberg | Country Representative | 37.5 | $303,693 |
| Thomas Parks IV | Country Representative | 37.5 | $296,217 |
| Jaime Faustino | Strategic Advisor | 37.5 | $280,446 |
| Nancy Yuan | Sr Vp, Washington Dc | 37.5 | $272,756 |
| Amy H Ovalle | Vp, Global Comms. (thru 12/2023) | 37.5 | $268,056 |
| Mark Koenig | Country Respresentative | 37.5 | $260,851 |
| Gordon R Hein | Former Officer (thru 08/2023) | 37.5 | $238,633 |
| Wendy L Soone-broder | Chief Philantropy Officer | 37.5 | $228,291 |
| David D Arnold | Former Officer (thru 01/2023) | 37.5 | $166,287 |
| Behnaz Raufi | Assistant Secretary (from 02/2023) | 37.5 | $149,647 |
| Roger Craig | Former Key Employee (thru 09/2023) | 37.5 | $128,492 |
| Calvin Sims | Trustee | 1 | — |
| Cheng-ling Chen | Trustee | 1 | — |
| Clare Lockhart | Trustee | 1 | — |
| Daniel Feldman | Trustee | 1 | — |
| Deanne Weir | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Unit4 Business Software | It Services | $562,114 |
| Centered Networks | It Services | $232,369 |
| Stockholm Environment Ins | Consultancy | $136,349 |
| Barry M Hager | Consultancy | $135,417 |
| Clark Nuber Ps | Accounting & Tax | $122,692 |
Grants received · $42.3M total
110 grants to Asia Foundation totaling $42.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $1,000,000 |
| American Online Giving Foundation Inc | General support | 2024 | $642,406 |
| Climateworks Foundation | To protect and support the potential of forested and other landscapes to mitigate climate change | 2024 | $500,000 |
| Rf Catalytic Capital Inc | To support capacity building | 2024 | $316,020 |
| Silicon Valley Community Foundation | International development | 2024 | $111,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $40,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Arts and culture | 2024 | $12,650 |
| National Christian Charitable Foundation | Community development | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Endowment Foundation | International | 2024 | $10,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $16,500,000 |
| Pact Inc | Grant for civil society and media-strengthened project | 2023 | $4,728,356 |
| American Online Giving Foundation Inc | General support | 2023 | $616,385 |
| Donor Advised Charitable Giving | International, foreign affairs | 2023 | $566,760 |
| San Francisco Foundation | For general support. | 2023 | $505,000 |
Grants made · $1.2M in FY2019
5 grants totaling $1.2M in FY2019. All grants made by Asia Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Endowment For International Peace | Governance and law | $706,721 |
| Henry L Stimson Center | International relations | $362,092 |
| Behavioral Ideas Lab Inc | Governance and law | $37,446 |
| National Center For Civic Innovation Inc | Governance and law | $25,005 |
| Asian Art Museum Foundation of San Francisco | Governance and law | $25,000 |
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Frequently asked questions
- Is Asia Foundation a legitimate nonprofit?
- Yes. Asia Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 94-1191246, based in San Francisco, California. Donations are tax-deductible.
- What is Asia Foundation's EIN?
- Asia Foundation's Employer Identification Number (EIN) is 94-1191246.
- How much revenue does Asia Foundation report?
- Asia Foundation reported $115,339,816 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Asia Foundation's spending goes to programs?
- Asia Foundation spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Asia Foundation have?
- CharityIndex grades Asia Foundation A, based on program efficiency and fundraising cost.
- How much does Asia Foundation's highest-paid employee make?
- The highest reported compensation on Asia Foundation's latest Form 990 is $414,308, paid to Laurel Miller (Ceo and President (from 02/2023)).
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Data for Asia Foundation (EIN 94-1191246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.