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California · Nonprofit

THE ASIA FOUNDATION

THE ASIA FOUNDATION (California) receives grants from 96 organizations whose IRS filings report $69,629,073 to it, the largest being TIDES FOUNDATION ($21,201,000). 57 of them have funded it in more than one year.

Revenue FY2025
$92M
Funders on record
96
Grants received
$70M
Net assets
$36M
57/96 repeat funderspeak grant-dependency 19%
01What it does

What The Asia Foundation does

Mission

The Asia Foundation (taf) is an international nonprofit organization working to solve the toughest social and economic challenges in asia and the pacific. (continued on schedule o)

As stated on its FY2025 Form 990.

Programs

  1. Governance: taf fosters responsive, effective, and accountable institutions and decision-making processes that promote the economic growth and long-term sustainability of the asia pacific region. Conducted in partnership with government agencies and officials, civil society organizations, and other actors, taf's programs facilitate: more efficient and effective governance systems, structures, and services; productive public-private partnerships; greater transparency and citizen voice in public decision making; fairer, more just, and more accessible legal systems, services, and dispute resolution; and more effective strategies, approaches, and mechanisms to resolve conflict and promote peace.

    $48,843,558 spentof which $10,420,111 as grants
    60% of program spending
  2. Economic growth: 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.

    $23,952,286 spentof which $4,281,247 as grants
    29% of program spending
  3. 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.

    $8,433,178 spentof which $2,802,211 as grants
    10% of program spending
  4. The Asia Foundation identifies and supports the professional development of the next generation of asian and pacific leaders through scholarships and fellowships; promotes a culture of reading and learning through the "let's read" digital library of local language children's literature; facilitates increased cross-sectoral cooperation in natural resource management, disaster risk reduction, environmental conflict mitigation, and greater public and private investment in sustainable infrastructure; and promotes increased multi-country cooperation on critical regional and international challenges, including aid effectiveness, trade and investment, security, and foreign policy.

    $420,514 spentof which $21,688 as grants
    1% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $81,649,536.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($107M) Expenses 100 ($104M) Net assets 100 ($32M)2018 Revenue 99 ($106M) Expenses 101 ($106M) Net assets 102 ($33M)2019 Revenue 98 ($105M) Expenses 101 ($105M) Net assets 101 ($33M)2020 Revenue 99 ($106M) Expenses 93 ($97M) Net assets 132 ($43M)2021 Revenue 90 ($97M) Expenses 93 ($98M) Net assets 138 ($45M)2022 Revenue 95 ($102M) Expenses 100 ($105M) Net assets 115 ($37M)2023 Revenue 107 ($115M) Expenses 113 ($118M) Net assets 110 ($36M)2024 Revenue 108 ($115M) Expenses 112 ($117M) Net assets 117 ($38M)2025 Revenue 86 ($92M) Expenses 93 ($97M) Net assets 110 ($36M)
'17'18'19'20'21'22'23'24'25
Revenue (86)Expenses (93)Net assets (110)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $78M to $88M (+14%).

$60M
$66M
$69M
$73M
$76M
$78M
$88M
$90M
$97M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 85% · 2018 85% · 2019 88% · 2020 82% · 2021 91% · 2022 91% · 2023 88% · 2024 90% · 2025 87%. Grants only. Government contracts and fees sit inside program revenue.

99% of THE ASIA FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (96% for the typical peer).

This organization
Typical peer · 388 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.

$2.5M
’17
$142k
’18
−$377k
’19
$9.0M
’20
−$968k
’21
−$3.1M
’22
−$3.3M
’23
−$1.7M
’24
−$5.2M
’25
4.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Laurel Miller

CEO and president

Board chair

S Timothy Kochis

Trustee, chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed555157534948494345
Joined·+6+12+4+6+5+8+6+6
No longer listed·10681067124
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 16 funders to 33 funders, grant income rose $1.5M → $22M.

23 of 96 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE ASIA FOUNDATION’s funders (the co-funder graph). Top 30 of 96 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE ASIA FOUNDATION has a broad base — no single funder exceeds 30% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

72% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE ASIA FOUNDATION.

30%
largest funder
54%
top three
~7
effective funders

Largest funder’s share by year: 2017 26% · 2018 43% · 2019 26% · 2020 16% · 2021 17% · 2022 33% · 2023 76% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

41% of THE ASIA FOUNDATION's funders are still giving 3 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE ASIA FOUNDATION draws 74% of its grant income from funders outside California, across 15 states in all.

WA
MN
NY
MA
SD
NJ
CT
CA
VA
DE
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
California out of state home

Funder states come from each funder’s own filing. $35M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE ASIA FOUNDATION is better cushioned than half of the 174 international nonprofits its size.

Operating margin−6% · bottom quartile
Months of reserve4.0mo · above the median
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 174 international nonprofits $10M–$100M, FY2025

Government funding THE ASIA FOUNDATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $294.7M on record.

Federal$294.7M
grants $261.3Mcontracts $33.4M
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of State$192.4M
  • Agency for International Development$102.4M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THE ASIA FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 15%Fundraising 1%

Governance

29
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 2 states

NY
CA

Part of a family of 4 related entities

  • Asia Pacific Consulting and Advisory Private Limited · disregarded
  • The Asia Foundation Australia · exempt
  • Friends of the Asia Foundation · exempt
  • Charitable Remainder Trust (1) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for THE ASIA FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE ASIA FOUNDATION?
THE ASIA FOUNDATION (California) receives grants from 96 organizations whose IRS filings report $69,629,073 to it, the largest being TIDES FOUNDATION ($21,201,000). 57 of them have funded it in more than one year.
How many funders does THE ASIA FOUNDATION have?
IRS filings report 96 organizations giving $69,629,073 in grants to THE ASIA FOUNDATION, 57 of which have funded it in more than one year.
Who is the largest funder of THE ASIA FOUNDATION?
TIDES FOUNDATION is the largest funder on record, with $21,201,000 in grants. The full list of funders is on this page.
How can an organization like THE ASIA FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 96 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing