Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1952.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
49 people listed on the 990; $4.0M paid to officers and key staff.
Laurel Miller’s $525K as CEO and President is at the 64th percentile of top reported officer pay among 88 $100M+ international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| David D Arnold | — | $166,287 | $545,196 | $483,436 | $514,095 | $503,688 |
| Laurel Miller | $524,705 | $414,308 | — | — | — | — |
| Suzanne Siskel | $350,833 | — | — | — | — | — |
| Suzanne E Siskel | — | $343,954 | $331,528 | $292,660 | $313,116 | $303,111 |
| Kenneth Krug | $327,322 | — | — | — | — | — |
| Kenneth M Krug | — | $320,904 | $322,316 | $293,563 | $299,459 | $258,546 |
| Winston K Chow | $269,061 | $314,460 | $284,613 | — | — | — |
| Todd Wassel | $313,010 | — | $284,075 | $258,967 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes development and strengthens societies across Asia.
Questions for The Asia Foundation
Your first name shows with your question. The Asia Foundation answers here, for everyone.
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Governance and Law
Informed by six decades of experience and deep local expertise, the asia foundation's governance program supports asian initiatives to build more effective and responsive governance, accessible justice mechanisms, a vibrant civil society, and an informed and engaged citizenry.
The asia foundation's international RELATIONS/REGIONAL cooperation program works to strengthen relations among asian nations and their people to foster a peaceful, just and thriving asia. The foundation supports asian initiatives to foster inclusive economic growth and broaden economic opportunities, especially for women.
Women's Empowerment Program
For more than 60 years, the asia foundation has empowered women and girls across the asia-pacific region. Through our women's empowerment program, we have transformed the lives of thousands of women and girls through evidence-based programs that focus on three key areas: expanding women's economic opportunities, increasing women's rights…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $30.4M | $35.1M |
| InvestmentsLn 11–13 | $13.6M | $26.9M |
| Land, buildings, equipmentLn 10c | $1.1M | $1.1M |
| Total assetsLn 16 | $77.8M | $88.3M |
| LiabilitiesLn 26 | $40.4M | $52.7M |
| Net assetsLn 32 | $37.4M | $35.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $20.7M | $20.7M | ||
| Pay of current officers, directors and key staffLn 5 | $2.9M | $2.6M | $250K | |
| Other salaries and wagesLn 7 | $36.6M | $31.2M | $5.3M | $129K |
| Pension plan contributionsLn 8 | $2.4M | $1.9M | $519K | $11K |
| Other employee benefitsLn 9 | $11.1M | $9.9M | $1.2M | $33K |
| Payroll taxesLn 10 | $5.9M | $4.2M | $1.6M | $76K |
| Legal feesLn 11b | $91K | $32K | $59K | |
| Accounting feesLn 11c | $277K | $41K | $235K | |
| Professional fundraising feesLn 11e | $17K | $17K | ||
| Investment management feesLn 11f | $53K | $53K | ||
| Advertising and promotionLn 12 | $118K | $118K | ||
| Office expensesLn 13 | $2.7M | $1.8M | $860K | $80K |
| Information technologyLn 14 | $258K | $258K | ||
| OccupancyLn 16 | $5.0M | $4.4M | $601K | $29K |
| TravelLn 17 | $8.2M | $7.4M | $718K | $31K |
| Conferences, conventions and meetingsLn 19 | $6.8M | $5.9M | $814K | $140K |
| Depreciation, depletion and amortizationLn 22 | $477K | $299K | $177K | |
| InsuranceLn 23 | $153K | $43K | $108K | $3K |
| Other expenses (24a–d)Ln 24 | $14.2M | $14.2M | ||
| Total functional expensesLn 25 | $117.9M | $101.8M | $15.2M | $917K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $91.5M | $96.7M | −$5.2M | $35.6M | 990 PDF |
| FY2024 | $115.3M | $117.0M | −$1.7M | $38.0M | 990 PDF |
| FY2023 Viewing | $114.5M | $117.9M | −$3.3M | $35.6M | 990 PDF |
| FY2022 | $101.6M | $104.7M | −$3.1M | $37.4M | 990 PDF |
| FY2021 | $96.5M | $97.5M | −$968K | $44.5M | 990 PDF |
| FY2020 | $106.0M | $96.9M | $9.0M | $42.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $114,520,358 revenue, 12 lines filed
Part VI · Governance 31 of 32 board members independent, no flags
Part VIII · Statement of revenue $114,520,358 across 12 lines filed
Part IX · Statement of functional expenses $117,865,560 across 19 lines filed
Part X · Balance sheet $88,330,326 assets, 18 lines filed
Part XI · Reconciliation of net assets $35,612,066 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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