ASG Foundation is a private, family foundation based in Oak Brook, Illinois. Established in 2004, it operates as an independent charitable organization with tax-exempt status granted in February 2006.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$14K
-99.6% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$14K
-98.8% YoY
Mission & Focus Areas
The foundation focuses on three primary areas:
- Arts and culture
- Education
- Religion
Grantmaking
ASG Foundation demonstrates significant grantmaking activity relative to its asset base. Historical grant awards have ranged from $250 to $3,368,110. The foundation's most recent filing indicates total giving of $13,947, though historical annual giving has been substantially higher, with total giving reaching $3,378,611 across its grantmaking history.
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Geographic Focus
Where this funder awards grants
The foundation supports various locations across the United States, including:
- Major urban centers: Chicago, Dallas, and New York
- Smaller communities: Homer Glen and Willow Brook
- Multiple states including California, Texas, New York, and Rhode Island
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
ASG Foundation's financial profile shows significant fluctuation in recent years:
| Year | Assets | Income |
|---|---|---|
| 2020 | $2,628,004 | $3,515,535 |
| 2021 | $2,028,824 | $613,843 |
| 2022 | $2,350,258 | $1,297,592 |
| 2023 | $19,113 | $153,448 |
The foundation's most recent filing (2024) indicates assets of $0 and total giving of $13,947. This represents a substantial decline from prior years, with the foundation filing a final return as of 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $19,113 | $2,350,258 |
| Revenue | $3,204 | $3,428 | $749,845 |
| Expenses | $22,317 | $3,393,360 | $221,140 |
| Qualifying Distributions | $18,122 | $3,381,649 | $186,100 |
| Net Investment Income | — | — | — |
| Distributable Amount | $871 | $13,844 | $160,620 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by three uncompensated directors:
- Ashutosh Gupta
- Sudha Gupta
- Shailly Barnes
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ASHUTOSH GUPTA | DIRECTOR | 2 | — |
| SUDHA GUPTA | DIRECTOR | 2 | — |
| SHAILLY BARNES | DIRECTOR | 2 | — |
Contact Information
Address: 403 Saint Marks Court, Oak Brook, IL 60523-2555
EIN: 20-1238601
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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