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Top Rated

Asia Foundation

CharityWatch report issued
January 2019

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Asia Foundation
465 California Street
9th Floor
San Francisco, CA 94104

Other Names


Tax Status


Stated Mission

Committed to improving lives across a dynamic & developing Asia; addresses the critical issues affecting Asia by: strengthening governance, expanding economic opportunity, increasing environmental resilience, empowering women, and promoting international cooperation.

View similar charities
Data based on Fiscal Year Ended 09/30/2017

Program Percentage: 87%

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


Calculated Total Expenses



Cost to Raise $100: $1

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


Calculated Total Contributions


Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources


Financial Documents

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

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.
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  

  Name Title Compensation
1 David Arnold President/CEO $459,962
2 Suzanne Siskel Executive VP/COO $290,798
3 Gordon Hein VP, Programs $283,866
Name: David Arnold
Title: President/CEO
Compensation: $459,962
Name: Suzanne Siskel
Title: Executive VP/COO
Compensation: $290,798
Name: Gordon Hein
Title: VP, Programs
Compensation: $283,866

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 audit of September 30, 2017 (Note 2, Books for Asia Inventory and Gifts-in-Kind Support):

"The Foundation recognizes gifts-in-kind consisting of books, software and related shipping services donated to the Foundation's Books for Asia program..." The Foundation reports receiving donated books on which it placed a value of approximately $10,094,000; donated shipping services on which it placed a value of approximately $89,000; and other donated goods & services on which it placed a value of approximately $3,000 in fiscal 2017.

Also according to Note 2 of the audit: "For the year ended September 30, 2017, approximately 92% of gifts-in-kind revenue was from two donors."

[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 $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to The Asia Foundation audit of September 30, 2017 (Note 12, Commitments and Contingencies) [$s in thousands, as noted]:

"The Foundation is liable for accumulated termination rights of employees working overseas in certain countries. The Foundation's policy is to accrue termination rights when local law mandates that payment be made on separation irrespective of the specific circumstances. Accrued termination rights totaled $2,655 [thousand] and $2,566 [thousand] at September 30, 2017 and 2016, respectively."


"Commitments due by the Foundation under grant agreements to subrecipients for services not yet provided totaled $13,540 [thousand] and $12,422 [thousand] as of September 30, 2017 and 2016, respectively."