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Top Rated

Asia Foundation

CharityWatch rating issued
October 2025

Top-Rated Charity
A
CharityWatch Rating
Our independent rating based
on a number of factors.
 
85%
Program Percentage
Amount spent on programs
relative to overhead.
 
$1
Cost to Raise $100
Amount spent to raise
$100 of contributions.
Ratings & Metrics

Contact Information

Asia Foundation
465 California Street
7th Floor
San Francisco, CA 94104-1822

Other Names

None

Tax Status

501(c)3

Website

www.asiafoundation.org

Stated Mission

Committed to improving lives across Asia. Overarching goals are to strengthen governance, empower women, expand economic opportunity, increase environmental resilience, and promote regional cooperation.

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Ratings & Metrics

Learn more about Ratings & Metrics
Data based on Fiscal Year Ended 09/30/2024

Program Percentage: 85%

The percentage of Asia Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$115,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $1

How many dollars Asia Foundation spends on fundraising to raise each $100 of contributions.

$51,000,000

Calculated Total Contributions

(rounded)

Government Funding

50% to 100%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
The Asia Foundation Consolidated Audited Financial Statements Multiple
The Asia Foundation IRS Form 990 94-1191246
Entity: The Asia Foundation
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple
Entity: The Asia Foundation
Document Type: IRS Form 990
Tax ID: 94-1191246

Governance & Transparency

Learn more about Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Asia Foundation
meets governance benchmarks.
 
Asia Foundation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

Top Salaries

Learn more about Top Salaries
  Name Title Compensation
1 Laurel Miller Past CEO / President $449,604
2 Suzanne E. Siskel EVP / COO $387,827
3 Kenneth M. Krug VP Finance / CFO $356,452
1
Name: Laurel Miller
Title: Past CEO / President
Compensation: $449,604
2
Name: Suzanne E. Siskel
Title: EVP / COO
Compensation: $387,827
3
Name: Kenneth M. Krug
Title: VP Finance / CFO
Compensation: $356,452

Analysts' Notes

Learn more about Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to The Asia Foundation's (the Foundation) consolidated Statement of Activities and Changes in Net Assets of September 30, 2024:

The Foundation received "Books for Asia program" during fiscal 2024 on which it placed a total value of $14,000.  

The charity's IRS Form 990 for the same year reports $12,070 in donated "books and publications." (IRS Form 990, Schedule M) 

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]


According to The Asia Foundation's (the Foundation) consolidated Statement of Functional Expenses of September 30, 2024:

The Foundation distributed approximately $2,111,000 of books related to its "Books for Asia" program. 


According to The Asia Foundation consolidated audit of September 30, 2024 (Note 2, Summary of Significant Accounting Policies, Books for Asia Inventory):

"...During 2024, the Books for Asia program was transitioned to the Let’s Read program where original works in local languages for young people are distributed free of restrictive copyright licensing on the Foundation’s Let’s Read online platform."

See here for more information regarding The Asia Foundation's "Let's Read" program.