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        <InvestmentEarningsOrLossesAmt>396705</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>84000</GrantsOrScholarshipsAmt>
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        <AdministrativeExpensesAmt>21000</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>3622036</EndYearBalanceAmt>
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        <ContributionsAmt>70582</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-670528</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>95000</GrantsOrScholarshipsAmt>
        <OtherExpendituresAmt>11750</OtherExpendituresAmt>
        <AdministrativeExpensesAmt>23750</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>3280909</EndYearBalanceAmt>
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        <GrantsOrScholarshipsAmt>76000</GrantsOrScholarshipsAmt>
        <OtherExpendituresAmt>2625</OtherExpendituresAmt>
        <AdministrativeExpensesAmt>19000</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>4011355</EndYearBalanceAmt>
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        <ContributionsAmt>59479</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>348688</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>69000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>17250</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>3628499</EndYearBalanceAmt>
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      <TermEndowmentBalanceEOYPct>0.0038</TermEndowmentBalanceEOYPct>
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      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <OtherSecuritiesGrp>
        <Desc>Closely-held equity interests</Desc>
      </OtherSecuritiesGrp>
      <OtherSecuritiesGrp>
        <Desc>Financial derivatives</Desc>
      </OtherSecuritiesGrp>
      <OtherSecuritiesGrp>
        <Desc>OTHER INVESTMENTS</Desc>
        <BookValueAmt>1623023</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>1623023</TotalBookValueSecuritiesAmt>
      <TotalLiabilityAmt>0</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>3530619</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>1102634</NetUnrealizedGainsInvstAmt>
      <DonatedServicesAndUseFcltsAmt>374948</DonatedServicesAndUseFcltsAmt>
      <OtherRevenueAmt>0</OtherRevenueAmt>
      <RevenueNotReportedAmt>1477582</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>2053037</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>55817</InvestmentExpensesNotIncldAmt>
      <OtherRevenuesNotIncludedAmt>0</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>55817</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>2108854</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>2141583</TotExpnsEtcAuditedFinclStmtAmt>
      <DonatedServicesUseFcltsAmt>374948</DonatedServicesUseFcltsAmt>
      <OtherExpensesIncludedAmt>0</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>374948</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>1766635</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>55817</InvestmentExpensesNotIncld2Amt>
      <OtherExpensesNotIncludedAmt>46908</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>102725</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>1869360</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule D, Part V, Line 2a</FormAndLineReferenceDesc>
        <ExplanationTxt>RESPONSES TO PAGE 27, SCHEDULE D, PART V, 2A. AND B. PERTAIN ONLY TO THE ASHFOUNDATION'S NAMED, PERTAIN ONLY TO THE ASHFOUNDATION'S NAMED, PERMANENTLY RESTRICTED CORPUS FUNDS AND EXPENDABLE FUNDS GENERATED FROM THESE NAMED ENDOWMENTS. THE FUND ACTIVITY REPORT CAPTURES ONLY THE NAMED FUNDS PORTION OF THE ASHFOUNDATION'S TOTAL FINANCIAL ASSETS. THESE RESTRICTED NAMED ENDOWMENT FUNDS ARE PART OF THE ASHFOUNDATION'S LARGER INVESTMENT PORTFOLIO UNDER FIDUCIARY OVERSIGHT OF THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule D, Part V, Line 4 Intended uses of endowment funds</FormAndLineReferenceDesc>
        <ExplanationTxt>INTENDED USES OF ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT PROGRAM FUNCTIONS AND ARE PRIMARILY TARGETED TO FUND RESEARCH GRANTS, SCHOLARSHIPS, AWARDS AND OPERATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote</FormAndLineReferenceDesc>
        <ExplanationTxt>LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. UNDER ASC 740- 10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND; ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 TAX RETURNS AS REQUIRED AND ALL APPLICABLE RETURNS IN THOSE JURISDICTIONS WHERE IT IS REQUIRED. THE FOUNDATION BELIEVES THAT IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. HOWEVER, THE FOUNDATION IS STILL OPEN TO EXAMINATIONS BY TAX AUTHORITIES FROM FISCAL YEAR 2021 FORWARD. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE STATEMENTS OF ACTIVITIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements</FormAndLineReferenceDesc>
        <ExplanationTxt>RETURN OF UNUSED GRANTS - 46908</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
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        <RegionTxt>North America (Canada &amp; Mexico only)</RegionTxt>
        <OfficesCnt>0</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>Grantmaking</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>35000</RegionTotalExpendituresAmt>
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      <SubtotalOfficesCnt>0</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>0</SubtotalEmployeesCnt>
      <ContinuationTotalOfficeCnt>0</ContinuationTotalOfficeCnt>
      <ContinuationTotalEmployeeCnt>0</ContinuationTotalEmployeeCnt>
      <TotalOfficeCnt>0</TotalOfficeCnt>
      <TotalEmployeeCnt>0</TotalEmployeeCnt>
      <SubtotalSpentAmt>35000</SubtotalSpentAmt>
      <ContinuationSpentAmt>0</ContinuationSpentAmt>
      <TotalSpentAmt>35000</TotalSpentAmt>
      <GrantsToOrgOutsideUSGrp>
        <RegionTxt>North America (Canada &amp; Mexico only)</RegionTxt>
        <PurposeOfGrantTxt>Researcher-Practitioner Collaboration Grant</PurposeOfGrantTxt>
        <CashGrantAmt>35000</CashGrantAmt>
      </GrantsToOrgOutsideUSGrp>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>false</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASHFOUNDATION MAINTAINS DOCUMENTATION TO SUPPORT THE FOLLOWING: GRANT GUIDELINES AND ELIGIBILITY CRITERIA; GRANT REVIEW AND SELECTION CRITERIA; AWARD DISBURSEMENT CORRESPONDENCE; FUNDING SUBSTANTIATION. GUIDELINES AND GRANT FUNDING NOTIFICATION STIPULATE THAT A FINAL REPORT OF THE CONDUCTED GRANT WORK AND RESULTS IS DUE TO THE ASHFOUNDATION UPON COMPLETION OF THE GRANT PERIOD. DEPENDING ON THE TIME MANAGEMENT PLAN, INDIVIDUAL GRANTEES SUBMIT AN INTERIM REPORT (IF THE GRANT EXCEEDS A ONE YEAR PERIOD) AND A FINAL REPORT OF THE GRANT STUDY RESULTS. THIS IS SELF-INITIATED BY THE GRANTEE ACCORDING TO THE DUE DATES COMMUNICATED IN THE ORIGINAL AWARD LETTER. ASHFOUNDATION STAFF RELEASE A REPORT REMINDER NOTICE A MONTH IN ADVANCE OF THE REPORTING DEADLINE. IN ADDITION, STAFF ARE AVAILABLE TO RESPOND TO GRANTEE QUESTIONS SHOULD THEY ARISE DURING THE GRANTING PERIOD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements</FormAndLineReferenceDesc>
        <ExplanationTxt>NORTH AMERICA (CANADA &amp; MEXICO ONLY)-Accrual</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements</FormAndLineReferenceDesc>
        <ExplanationTxt>NORTH AMERICA (CANADA &amp; MEXICO ONLY)-Accrual</ExplanationTxt>
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        <GrossReceiptsEvent1Amt>50146</GrossReceiptsEvent1Amt>
        <GrossRevenueEvent1Amt>50146</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>13637</OtherDirectExpensesEvent1Amt>
        <Event2Nm>Convention Fundraiser</Event2Nm>
        <GrossReceiptsEvent2Amt>34830</GrossReceiptsEvent2Amt>
        <GrossRevenueEvent2Amt>34830</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>32829</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>2</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>5452</GrossReceiptsOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>5452</GrossRevenueOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>1158</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>90428</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>90428</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>47624</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>47624</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>42804</NetIncomeSummaryAmt>
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      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
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          <BusinessNameLine1Txt>State University of Iowa</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>105 Jessup Hall</AddressLine1Txt>
          <CityNm>Iowa City</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <RecipientEIN>426004813</RecipientEIN>
        <IRCSectionDesc>State Government</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>The University of Mississippi</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 1848</AddressLine1Txt>
          <CityNm>University</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>38677</ZIPCd>
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        <RecipientEIN>646001159</RecipientEIN>
        <IRCSectionDesc>State Agency</IRCSectionDesc>
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        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Univ of Kansas Center for Research Inc</BusinessNameLine1Txt>
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        <USAddress>
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          <CityNm>Lawrence</CityNm>
          <StateAbbreviationCd>KS</StateAbbreviationCd>
          <ZIPCd>66045</ZIPCd>
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        <RecipientEIN>480680117</RecipientEIN>
        <IRCSectionDesc>C-Corporation</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Vanderbilt Univ Medical Center</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>1161 21st Ave South</AddressLine1Txt>
          <CityNm>Nashville</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37232</ZIPCd>
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        <RecipientEIN>352528741</RecipientEIN>
        <IRCSectionDesc>501 (c) (3)</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>ODU Research Foundation</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
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          <CityNm>Norfolk</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22508</ZIPCd>
        </USAddress>
        <RecipientEIN>546068198</RecipientEIN>
        <IRCSectionDesc>Non-Profit</IRCSectionDesc>
        <CashGrantAmt>35000</CashGrantAmt>
        <PurposeOfGrantTxt>Researcher-Practitioner Collaboration Grant</PurposeOfGrantTxt>
      </RecipientTable>
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          <BusinessNameLine1Txt>State University of Iowa</BusinessNameLine1Txt>
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          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
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        <RecipientEIN>426004813</RecipientEIN>
        <IRCSectionDesc>Gov/State</IRCSectionDesc>
        <CashGrantAmt>35000</CashGrantAmt>
        <PurposeOfGrantTxt>Researcher-Practitioner Collaboration Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1Txt>State University of Iowa</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>105 Jessup Hall</AddressLine1Txt>
          <CityNm>Iowa City</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
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        <RecipientEIN>426004813</RecipientEIN>
        <IRCSectionDesc>Gov/State</IRCSectionDesc>
        <CashGrantAmt>35000</CashGrantAmt>
        <PurposeOfGrantTxt>Researcher-Practitioner Collaboration Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Louisiana State University</BusinessNameLine1Txt>
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          <AddressLine1Txt>202 Himes Hall</AddressLine1Txt>
          <CityNm>Baton Rouge</CityNm>
          <StateAbbreviationCd>LA</StateAbbreviationCd>
          <ZIPCd>70803</ZIPCd>
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        <IRCSectionDesc>Government</IRCSectionDesc>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>NYU Grossman School of Medicine</BusinessNameLine1Txt>
        </RecipientBusinessName>
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          <AddressLine1Txt>550 First Avenue</AddressLine1Txt>
          <CityNm>New York</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10016</ZIPCd>
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        <RecipientEIN>135562308</RecipientEIN>
        <IRCSectionDesc>C-Corporation</IRCSectionDesc>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1Txt>The RSRCH FDN for the State Univ of NY</BusinessNameLine1Txt>
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          <AddressLine1Txt>PO Box 9</AddressLine1Txt>
          <CityNm>Albany</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12201</ZIPCd>
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        <RecipientEIN>141368361</RecipientEIN>
        <IRCSectionDesc>501 (c) (3)</IRCSectionDesc>
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        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>University of California San Diego</BusinessNameLine1Txt>
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          <AddressLine1Txt>9500 Gilman Drive</AddressLine1Txt>
          <CityNm>La Jolla</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>92093</ZIPCd>
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          <BusinessNameLine1Txt>Board of Regents of the University of Winconsin System dba University of Wi</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>sconsin - Madison</BusinessNameLine2Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>21 N Park Street Suite 6301</AddressLine1Txt>
          <CityNm>Madison</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53715</ZIPCd>
        </USAddress>
        <RecipientEIN>396006492</RecipientEIN>
        <IRCSectionDesc>Government</IRCSectionDesc>
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        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Board of Regents of the University of Winconsin System dba University of Wi</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>sconsin - Madison</BusinessNameLine2Txt>
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        <USAddress>
          <AddressLine1Txt>21 N Park Street Suite 6301</AddressLine1Txt>
          <CityNm>Madison</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
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        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>University of Washington</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>4300 Roosevelt Way NE Box 354965</AddressLine1Txt>
          <CityNm>Seattle</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98105</ZIPCd>
        </USAddress>
        <RecipientEIN>916001537</RecipientEIN>
        <IRCSectionDesc>State Government</IRCSectionDesc>
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        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Western Carolina University</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>460 HFR Admnistration Building</AddressLine1Txt>
          <CityNm>Cullowhee</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28723</ZIPCd>
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        <IRCSectionDesc>State Agency</IRCSectionDesc>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Kean University</BusinessNameLine1Txt>
        </RecipientBusinessName>
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          <StateAbbreviationCd>NJ</StateAbbreviationCd>
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        <PurposeOfGrantTxt>Speech Science Research Grant</PurposeOfGrantTxt>
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          <CityNm>Tampa</CityNm>
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        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>New Investigators Research Grant</PurposeOfGrantTxt>
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          <BusinessNameLine1Txt>Marquette University</BusinessNameLine1Txt>
        </RecipientBusinessName>
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          <AddressLine1Txt>PO Box 1881</AddressLine1Txt>
          <CityNm>Milwaukee</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53201</ZIPCd>
        </USAddress>
        <RecipientEIN>390806251</RecipientEIN>
        <IRCSectionDesc>C-Corporation</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
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      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Mayo Clinic</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>200 First Street SW</AddressLine1Txt>
          <CityNm>Rochester</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55905</ZIPCd>
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        <RecipientEIN>416011702</RecipientEIN>
        <IRCSectionDesc>501 (c) (3)</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>New Century Scholars Research Grant</PurposeOfGrantTxt>
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        <GrantTypeTxt>Graduate Student Scholarship</GrantTypeTxt>
        <RecipientCnt>15</RecipientCnt>
        <CashGrantAmt>75000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Graduate Student Scholarship Intl.</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>15000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Graduate Student Scholarship Minority</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>15000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Graduate Student Scholarship NSSLHA</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>15000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Louis M. DiCarlo Award for Recent Clinical Achievement</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>2500</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>New Century Scholars Doctoral Scholarship</GrantTypeTxt>
        <RecipientCnt>15</RecipientCnt>
        <CashGrantAmt>150000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Rolland J. Van Hattum Award for Contribution in the School</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>2000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Student Research Grant in Audiology</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>6000</CashGrantAmt>
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      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Stndent Research Grant in Early Childhood Language Development</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>6000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Research Travel Grant</GrantTypeTxt>
        <RecipientCnt>4</RecipientCnt>
        <CashGrantAmt>2931</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Frank R. Kleffner Lifetime Crystal Career Award</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>652</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>Tiffany Crystal</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Frank R. Kleffner Lifetime Clinical Career Award</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>48</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>Plaque</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>DiCarlo Award for Recent Clinical Achievement</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>48</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>Plaque</NonCashAssistanceDesc>
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      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Van Hattum Award for Contribution in the Schools</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>48</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>Plaque</NonCashAssistanceDesc>
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      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Spirit of Philanthropy Award</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>48</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>Plaque</NonCashAssistanceDesc>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds</FormAndLineReferenceDesc>
        <ExplanationTxt>PROCEDURES FOR MONITORING GRANT FUNDS THE ASHFOUNDATION MAINTAINS DOCUMENTATION TO SUPPORT THE FOLLOWING: GRANT GUIDELINES AND ELIGIBILITY CRITERIA; GRANT REVIEW AND SELECTION CRITERIA; AWARD DISBURSEMENT CORRESPONDENCE; FUNDING SUBSTANTIATION. GUIDELINES AND GRANT FUNDING NOTIFICATION STIPULATE THAT A FINAL REPORT OF THE CONDUCTED GRANT WORK AND RESULTS IS DUE TO THE ASHFOUNDATION UPON COMPLETION OF THE GRANT PERIOD. DEPENDING ON THE TIME MANAGEMENT PLAN, INDIVIDUAL GRANTEES SUBMIT AN INTERIM REPORT (IF THE GRANT EXCEEDS A ONE YEAR PERIOD) AND A FINAL REPORT OF THE GRANT STUDY RESULTS. THIS IS SELF-INITIATED BY THE GRANTEE ACCORDING TO THE DUE DATES COMMUNICATED IN THE ORIGINAL AWARD LETTER. ASHFOUNDATION STAFF RELEASE A REPORT REMINDER NOTICE A MONTH IN ADVANCE OF THE REPORTING DEADLINE. IN ADDITION, STAFF ARE AVAILABLE TO RESPOND TO GRANTEE QUESTIONS SHOULD THEY ARISE DURING THE GRANTING PERIOD.</ExplanationTxt>
      </SupplementalInformationDetail>
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        <PersonNm>SHARON E MOSS</PersonNm>
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        <PersonNm>ELIZABETH R SHAPIRO</PersonNm>
        <TitleTxt>DIRECTOR OF DEVELOPMENT</TitleTxt>
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        <FormAndLineReferenceDesc>Schedule J, Part II, Column (C)</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHEDULE J, COLUMN (C) - RETIREMENT AND OTHER DEFERRED COMPENSATION ASHA SPONSORS A DEFINED BENEFIT RETIREMENT PLAN COVERING MOST EMPLOYEES WHO WERE HIRED BEFORE JANUARY 1, 2003. FOR ALL OTHER ELIGIBLE EMPLOYEES WHO WERE HIRED ON OR AFTER THAT DATE, THEY PARTICIPATE IN A DEFINED CONTRIBUTION PLAN AND CASH-BALANCE FEATURE WITHIN THE DEFINED BENEFIT PLAN. FOR THOSE HIRED ON OR AFTER JANUARY 1, 2003. THE VALUE REPORTED REPRESENTS THE ACTUAL EMPLOYER CONTRIBUTIONS MADE ON BEHALF OF EACH REPORTED PARTICIPANT IN THE YEAR OF REPORTING. FOR DEFINED BENEFIT PLAN PARTICIPANTS, THE ANNUAL INCREASE IN ACTUARIAL VALUE IS BASED ON THE ACCRUED BENEFIT AND THE ACTUARIAL FACTOR. THE ACCRUED BENEFIT EARNED UNDER THE DEFINED BENEFIT PLAN IS BASED ON A FORMULA INCORPORATING AVERAGE COMPENSATION AND YEARS OF SERVICE FOR EACH PARTICIPANT. THE ACTUARIAL PRESENT VALUE FACTOR IS BASED ON THE ASSUMED DISCOUNT RATE AND MORTALITY TABLE, INCORPORATING THE ACTUAL AGE OF EACH PARTICIPANT. ASHA'S DEFINED BENEFIT PLAN DOES NOT ALLOW FOR A LUMP SUM PAYMENT OPTION. THUS, THE ACTUARIAL PRESENT VALUES REPORTED REPRESENT THE INCREASE IN THE PRESENT VALUE OF ACCRUED BENEFITS PAYABLE OVER THE LIFETIME OF THE PARTICIPANT AND NOT AN INCREASE IN AN ACTUAL CASH PAYOUT.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part I, Line 5</FormAndLineReferenceDesc>
        <ExplanationTxt>EMPLOYEES THE AMERICAN SPEECH-LANGUAGE-HEARING FOUNDATION (ASHFOUNDATION) EMPLOYS FOUR STAFF MEMBERS WHOSE SALARIES ARE COVERED BY THE ASHFOUNDATION BUDGET BUT ADMINISTERED BY THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION (THE ASSOCIATION'S) PAYROLL SYSTEM.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 6 Classes of members or stockholders</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OR STOCKHOLDERS THE AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION IS THE SOLE MEMBER AS DEFINED BY THE ASHFOUNDATION ARTICLES OF INCORPORATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 7a Members or stockholders electing members of governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OR STOCKHOLDERS WHO MAY ELECT THE ASHFOUNDATION BOARD OF TRUSTEES APPROVES TRUSTEES FOR BOARD SERVICE AND, UPON THIS ACTION, THE RECOMMENDED TRUSTEE NAMES ARE FORWARDED FOR APPROVAL BY THE ASSOCIATION (VIA ITS BOARD OF DIRECTORS) AS THE SOLE MEMBER DEFINED IN ORGANIZATION BYLAWS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders</FormAndLineReferenceDesc>
        <ExplanationTxt>DECISIONS SUBJECT TO APPROVAL IN ACCORDANCE WITH THE BYLAWS, THE GOVERNING BOARD'S REMOVAL AND REPLACEMENT OF TRUSTEES AND OFFICERS, BUDGET APPROVAL, AMENDMENTS TO THE BYLAWS AND DISSOLUTION OF THE ORGANIZATION ARE SUBJECT TO REVIEW AND/OR APPROVAL BY THE SOLE MEMBER.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b Review of form 990 by governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 REVIEW PROCESS THE CPA FIRM AND MANAGEMENT PERFORM A DETAILED REVIEW OF THE PREPARED FORM 990. THE ASHFOUNDATION BOARD OF TRUSTEES HAS DESIGNATED THE BOARD'S V.P. FOR THE FINANCIAL REVIEW COMMITTEE WITH THE AUTHORITY TO PERFORM AN OVERALL REVIEW OF THE 990 DOCUMENTS PRIOR TO IRS FILING AND TO OBTAIN CLARIFICATION IF NEEDED. THE V.P. RECEIVES THE FORM WITHIN 3 DAYS PRIOR TO FILING. ALL TRUSTEES ARE PROVIDED WITH AN ELECTRONIC COPY OF THE FINAL 990 PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c Conflict of interest policy</FormAndLineReferenceDesc>
        <ExplanationTxt>CONFLICT OF INTEREST POLICY MONITORING &amp; ENFORCEMENT THE POLICY COVERS ANY TRUSTEE, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. DETERMINATION OF A CONFLICT OF INTEREST IS MADE BY THE REMAINING BOARD OR COMMITTEE MEMBERS. UPON DETERMINATION OF A CONFLICT OF INTEREST, THE BOARD WILL REQUEST THE INDIVIDUAL TO RECUSE HIM/HERSELF FROM ANY RELATED DISCUSSION AND CORRESPONDING VOTE ON THE ITEM OF BUSINESS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15a Process to establish compensation of top management official</FormAndLineReferenceDesc>
        <ExplanationTxt>PROCESS FOR DETERMINING COMPENSATION THE REVIEW AND APPROVAL OF THE EXECUTIVE DIRECTOR'S COMPENSATION IS PERFORMED ANNUALLY BY AN EXECUTIVE COMMITTEE OF THE ASHFOUNDATION BOARD. THE EXECUTIVE DIRECTOR IS NOT INVOLVED IN THIS PROCESS. THE COMMITTEE FOLLOWS GUIDELINES USED BY THE ASSOCIATION'S HUMAN RESOURCE UNIT DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT BASED ON COMPENSATION PRICING AND RANGES FOR COMPARABLE EXECUTIVE POSITIONS IN SIMILAR ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION IS PROVIDED BY E-MAIL EXCHANGES BETWEEN THE EXECUTIVE COMMITTEE AND THE ASSOCIATION'S HUMAN RESOURCE UNIT.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19 Required documents available to the public</FormAndLineReferenceDesc>
        <ExplanationTxt>HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ASHFOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VII, Section A</FormAndLineReferenceDesc>
        <ExplanationTxt>NON-VOTING BOARD MEMBERS ASHA'S CEO SERVES AS A NON-VOTING MEMBER OF THE ASHF BOARD OF TRUSTEES. ASHF'S EXECUTIVE DIRECTOR IS A NON-VOTING MEMBER OF THE ASHF BOARD OF TRUSTEES.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part IX, Line 11g Other Fees</FormAndLineReferenceDesc>
        <ExplanationTxt>other professional - Total Expense: 198446, Program Service Expense: 121733, Management and General Expenses: 65191, Fundraising Expenses: 11522;</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part XI, Line 9 Other changes in net assets or fund balances</FormAndLineReferenceDesc>
        <ExplanationTxt>RETURN OF UNUSED GRANTS - 46908;</ExplanationTxt>
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          <BusinessNameLine1Txt>AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>O</TransactionTypeTxt>
        <InvolvedAmt>264704</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>P</TransactionTypeTxt>
        <InvolvedAmt>7659</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>AMERICAN SPEECH-LANGUAGE-HEARING ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>Q</TransactionTypeTxt>
        <InvolvedAmt>837112</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>