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Asness Family Foundation at a glance

· Private foundation

Asness Family Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$6.6M
Granted FY2024still arriving
17
Grants FY2024still arriving
7
States reached
$1.0M
Largest
01What it fundsRead
02Its granteesRead
03Its fieldRead
01What it funds
0185% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Education$8.8MSocial Science$1.2MPublic Benefit$620kHealth$525kArts & Culture$414kPhilanthropy$275kPublic Safety & Disaster$205kFood & Nutrition$35kOther$0
02FY2024 · 17 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 17 grants below total $5,545,000, the rows itemized in this filing. The $6,645,000 headline is the total grant expense on the return; the other $1,100,000 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • $10k–50k2 grants · $45k
  • $50k–250k7 grants · $625k
  • $250k+8 grants · $4.9M
$100,000
Median grant
7
States reached
$24M
Total assets
Largest grants
RecipientAmount
Greenwich Academy$1,000,000
University of Pennsylvania$1,000,000
Washington University in St. Louis$1,000,000
The University of Chicago$625,000
Manhattan Institute for Policy Research$500,000
The University of Chicago$250,000
Heterodox Academy$250,000
The Broad Institute, Inc.$250,000
Greenwich Library$100,000
Advancing American Freedom Foundation$100,000
Donors Trust, Inc.$100,000
The Fund for American Studies$100,000
WNET$100,000
Greenwich Academy$75,000
VMTS Education Inc$50,000
02Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

54%of every dollar goes to organizations it has funded before.
$12M · 28 repeat orgs$10M to everyone else

Grantees it renews have grown median revenue +22% since the first grant, against +20% for those funded once.

28 repeat relationships: 4 still active in FY2024, 24 since wound down; 8 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

28
24

Total granted

$12M
$7.3M

Median revenue growth · since first grant

+22%
+20%

Still filing today

86%
38%

New vs renewed · share of each year

In FY2024, 38% of grant dollars renewed an existing relationship; $2.7M went to new ones.

50%100%’19’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’19’22’23’24
EducationPublic BenefitArts & CultureInternationalSocial ScienceHealthOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • GA
    GREENWICH ACADEMY INC
    3× · 2022–2024 · $3.3M · revenue +13%
  • University of Chicago
    2× · 2022–2023 · $2.6M · revenue +22%
  • AE
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH
    2× · 2022–2023 · $1.6M · revenue +9%

Funded once

  • S
    SEE
    one grant, 2019 · $5.1M
  • NR
    National Republican Senatorial Committee
    one grant, 2022 · $1.0M
  • THE WINDWARD SCHOOL
    one grant, 2022 · $250k · revenue +20%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

03Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
2
The George Washington University

The mission of the george washington university (gw) is to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, and to conduct scholarly research and publish the findings…

Education
3
Peter G Peterson Institute for International Economics

The peterson institute for international economics (piie) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical…

Social Science
4
Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation

The institute for advanced study (the institute) is one of the world's leading centers for theoretical research and intellectual inquiry. see schedule o.

Science & Tech
5
Open Markets Institute

The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

Education
6
Foreign Policy Research Institute

The foreign policy research institute (frpi) is dedicated to producing the highest quality scholarship and nonpartisan policy analysis focused on crucial foreign policy and national security challenges facing the united states. we educate…

International
7
The Trustees of Princeton University

Research, education and general - princeton university is a private not-for-profit, non-sectarian institution of higher learning with approximately 5,700 undergraduate and 3,300 graduate students. 2,500 students graduated in the 2024-2025…

Education
8
The International Institute for Strategic Studies - Us

To provide accurate, objective information and analysis on international strategic issues for legislators, diplomats, foreign affairs analysts, international business leaders, economists, the military, defense commentators, journalists,…

International
9
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
10
Council On Foreign Relations Inc

The council on foreign relations (cfr) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and…

International
11
President and Fellows of Harvard College

Undergraduate, graduate, and professional education and research across a broad array of academic domains.

Education
12
The Brookings Institution

The brookings institution (brookings) is a nonprofit public policy organization that conducts in-depth, independent research that leads to new ideas for solving problems facing society at the local, national, and global level.…

Social Science
How this is measured
The grantee most central to the portfolio’s shape is Greenwich Academy Inc; the most unlike its peers is The Tikvah Fund. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
03the grantee network

42 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 42 of the 63 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
42/42
Grantees still filing
29/42
Grew since first funded

Where the money sits, by cause and then by grantee

GREENWICH ACADEMY INC: $3,250,000 · EducationGREENWICH ACADEMY INCTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA: $3,100,000 · EducationTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIAUniversity of Chicago: $2,600,000 · EducationUniversity of ChicagoWASHINGTON UNIVERSITY: $1,000,000 · EducationWASHINGTON UNIVERSITYHETERODOX ACADEMY: $600,000 · EducationDUKE UNIVERSITY: $500,000 · Education+10 more: $756,000 · Education+10 moreSEE: $5,057,000 · OtherSEENational Republican Senatorial Committee: $1,000,000 · OtherNational Republican Senatorial Commit…The University of Chicago: $875,000 · OtherThe University of Chicago+31 more: $1,500,043 · Other+31 moreCATO INSTITUTE: $1,000,000 · Public BenefitMANHATTAN INSTITUTE FOR POLICY RESEARCH INC: $500,000 · Public BenefitADVANCING AMERICAN FREEDOM FOUNDATION INC: $100,000 · Public Benefit+2 more: $75,000 · Public BenefitAMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH: $1,565,000 · Social ScienceWNET: $300,000 · Arts & CultureTHE ATLAS SOCIETY LTD: $250,000 · Arts & CultureNew York Historical Society: $150,000 · Arts & CultureVMTS EDUCATION INC: $50,000 · Arts & CultureTHE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM: $50,000 · Arts & CultureThe Broad Institute Inc: $750,000 · HealthDonors Trust Inc: $625,000 · Philanthropy
Education$11,806,000Other$8,432,043Public Benefit$1,675,000Social Science$1,565,000Arts & Culture$800,000Health$750,000Philanthropy$625,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetGREENWICH ACADEMY INC: $3,250,000 over 3y, 2.1% of budgetTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA: $3,100,000 over 3y, 0.0% of budgetUniversity of Chicago: $2,600,000 over 2y, 0.0% of budgetAMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH: $1,565,000 over 2y, 1.8% of budgetWASHINGTON UNIVERSITY: $1,000,000 over 1y, 0.0% of budgetCATO INSTITUTE: $1,000,000 over 2y, 1.1% of budgetThe Broad Institute Inc: $750,000 over 3y, 0.0% of budgetDonors Trust Inc: $625,000 over 3y, 0.1% of budgetHETERODOX ACADEMY: $600,000 over 3y, 8.4% of budgetDUKE UNIVERSITY: $500,000 over 2y, 0.0% of budgetMANHATTAN INSTITUTE FOR POLICY RESEARCH INC: $500,000 over 1y, 2.0% of budgetWNET: $300,000 over 3y, 0.1% of budgetTHE WINDWARD SCHOOL: $250,000 over 1y, 0.4% of budgetTHE ATLAS SOCIETY LTD: $250,000 over 2y, 5.1% of budgetInstitute for Humane Studies: $220,000 over 2y, 1.2% of budgetTHE GREENWICH LIBRARY: $200,000 over 2y, 4.1% of budgetNew York Historical Society: $150,000 over 1y, 0.3% of budgetTHE FUND FOR AMERICAN STUDIES: $100,000 over 1y, 0.5% of budgetNATIONAL REVIEW INSTITUTE: $100,000 over 2y, 0.8% of budgetChildren of Fallen Patriots Foundation: $100,000 over 2y, 0.4% of budgetADVANCING AMERICAN FREEDOM FOUNDATION INC: $100,000 over 1y, 3.5% of budgetINSTITUTE FOR THE STUDY OF WAR INC: $75,000 over 2y, 0.5% of budgetVMTS EDUCATION INC: $50,000 over 1y, 1.3% of budgetCLEMSON UNIVERSITY FOUNDATION: $50,000 over 1y, 0.1% of budgetTHE AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT OF OBJECTIVISM: $50,000 over 1y, 0.3% of budgetFoundation for the Defense of Democracies Inc: $50,000 over 2y, 0.1% of budgetAMERICAN FINANCE ASSOCIATION: $40,000 over 2y, 0.9% of budgetJUILLIARD SCHOOL: $40,000 over 2y, 0.0% of budgetTHE FOOD BANK OF LOWER FAIRFIELD COUNTY INC: $40,000 over 2y, 0.6% of budgetPROPERTY AND ENVIRONMENT RESEARCH CENTER: $35,000 over 2y, 0.5% of budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $25,000 over 1y, 0.0% of budgetCRIMINAL JUSTICE REFORM FOUNDATION: $20,000 over 1y, 0.1% of budgetGREENWICH EMERGENCY MEDICAL SERVICE INC: $20,000 over 2y, 0.1% of budgetTHE TIKVAH FUND: $10,000 over 1y, 0.1% of budgetTHE TRANSPORTATION ASSOCIATION OF GREENWICH: $10,000 over 2y, 0.5% of budgetBACKYARD SPORTS CARES INC: $5,000 over 2y, 0.4% of budgetWORLD CENTRAL KITCHEN INC: $4,043 over 2y, 0.0% of budgetGREENWICH TOWN PARTY INC: $3,500 over 1y, 0.0% of budgetBANKSVILLE INDEPENDENT FIRE COMPANY: $2,500 over 1y, 0.3% of budgetFriendship Circle of Connecticut Inc: $1,000 over 1y, 0.2% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Donors Trust IncJewish Communal FundBradley Impact Fund I…Gs Donor Advised Phil…Vanguard Charitable E…National Philanthropi…American Endowment Fo…Morgan Stanley Global…Donor Advised Charita…The Bank of America C…Fidelity Investments …American Online Givin…
Donors Trust IncVA15.3× affinity5 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Donors Trust Inc · Jewish Communal Fund · Bradley Impact Fund Inc · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · Vanguard Charitable Endowment Program · National Philanthropic Trust · American Endowment Foundation · Morgan Stanley Global Impact Funding Trust Inc · Donor Advised Charitable Giving Inc · The Bank of America Charitable Foundation Inc · Fidelity Investments Charitable Gift Fund · American Online Giving Foundation Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 63 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2025) is on record and reports $5.8M of grant expense with no grantee named in the published copy. A private foundation itemizes every grant it makes, so a return carrying none has filed its list as an attachment that the public copy does not include. The figures above are therefore from FY2024, the most recent year this funder’s grantee list reached the public record.

Source object · view filing

Play a game based on Asness Family’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home