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Asco Foundation is a private trust based in LUBBOCK, TX. The foundation received its IRS ruling in 2012. It holds total assets of $30.2M. Annual income is reported at $4.6M. Total assets have grown from $1.5M in 2011 to $30.2M in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Texas. According to available records, Asco Foundation has made 58 grants totaling $3.1M, with a median grant of $7K. Annual giving has grown from $70K in 2020 to $3M in 2022. Individual grants have ranged from $500 to $1M, with an average award of $53K. The foundation has supported 30 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$9K
Largest Grant
$65K
Based on 16 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Asco Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 58 grants. Its grantmaking reaches organizations primarily in TX.
Asco Foundation has distributed a total of $3.1M across 58 grants. The median grant size is $7K, with an average of $53K. Individual grants have ranged from $500 to $1M.
Only organiuzations that qualify as exempt in sec 170(b) (1) (a).
Asco Foundation is headquartered in LUBBOCK, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wb Brax Wright | TRUSTEE | $0 | $0 | N/A |
| Paula Wright Key | TRUSTEE | $0 | $0 | N/A |
| John Stephen Wright | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$30.2M
Fair Market Value
N/A
Net Worth
$30.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
58
Total Giving
$3.1M
Average Grant
$53K
Median Grant
$7K
Unique Recipients
30
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kids IncGENERAL PURPOSE | Amarillo, TX | $28K | 2022 |
| Md Anderson Cancer CenterGENERAL PURPOSE | Houston, TX | $1M | 2022 |
| The Garth HouseGENERAL PURPOSE | Beaumont, TX | $120K | 2022 |
| The Good HoodGENERAL PURPOSE | San Antonio, TX | $88K | 2022 |
| Casa Of The South PlainsGENERAL PURPOSE | Lubbock, TX | $63K | 2022 |
| Encouragement Media GroupGENERAL PURPOSE | Tyler, TX | $32K | 2022 |
| Adams Angels MinistriesGENERAL PURPOSE | Brenham, TX | $31K | 2022 |
| Bacfs IncGENERAL PURPOSE | Belton, TX | $22K | 2022 |
| Operation Support A HeroGENERAL PURPOSE | Granbury, TX | $22K | 2022 |
| West Texas Football ClassicGENERAL PURPOSE | Lubbock, TX | $20K | 2022 |
| Camp Hope (Ptsd Foundation Of AmeriGENERAL PURPOSE | Houston, TX | $18K | 2022 |
| Covenant Hospital FoundationGENERAL PURPOSE | Lubbock, TX | $10K | 2022 |
| West Texas Food BankGENERAL PURPOSE | Odessa, TX | $10K | 2022 |
| Back The Badge San AngeloGENERAL PURPOSE | San Angelo, TX | $6K | 2022 |
| K9s 4 CopsGENERAL PURPOSE | College Station, TX | $6K | 2022 |
| High Point VillageGENERAL PURPOSE | Lubbock, TX | $6K | 2022 |
| Lubbock Women'S ClubGENERAL PURPOSE | Lubbock, TX | $5K | 2022 |
| All Saints SchoolGENERAL PURPOSE | Lubbock, TX | $5K | 2022 |
| Fibermax Center For DiscoveryGENERAL PURPOSE | Lubbock, TX | $3K | 2022 |
| Shallowater Education FoundationGENERAL PURPOSE | Shallowater, TX | $3K | 2022 |
| Community Partners Of LubbockGENERAL PURPOSE | Lubbock, TX | $3K | 2022 |
| Lubbock Isd FoundationGENERAL PURPOSE | Lubbock, TX | $3K | 2022 |
| Metropolitan Rotary ClubGENERAL PURPOSE | Lubbock, TX | $500 | 2022 |
| Laura W Bush Institute For Womens HGENERAL PURPOSE | Amarillo, TX | $15K | 2020 |
| High Plains Food BankGENERAL PURPOSE | Amarillo, TX | $8K | 2020 |
| Belton Christian Youth CenterGENERAL PURPOSE | Belton, TX | $7K | 2020 |
| Snack Pak For KidsGENERAL PURPOSE | Amarillo, TX | $7K | 2020 |