Allocator CareersUpdated Jul 21, 2026
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Endowment

Arizona State University Foundation

endowment1 — Tempe, Arizona.

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Overview

Whenever Bob Zorich read headlines about energy policy or listened to debates that felt more like shouting matches than discussions, the same thought returned: People don’t really understand energy.It wasn’t their fault, he knew.1

Arizona State University Foundation's endowment capital supports long-term institutional spending and mission continuity.1

Investment program

Estimated AUM
$1.7B as of Jun 30, 20252
Capital pool
endowment1
Investment model
An investment committee oversees the endowment and partners with BlackRock as its outsourced chief investment officer.2
Investment approach
“Through this campaign, we anticipate additional endowed gifts, which will provide long-term strength and stability for the university.” Record-breaking fundraising fueled the endowment’s growth with $302 million in new endowed gifts and commitments made in fiscal year 2025.2
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: real estate.1
Performance
Not listed yet
Governance
An investment committee oversees the endowment and partners with BlackRock as its outsourced chief investment officer.1
Investment team
An investment committee oversees the endowment and partners with BlackRock as its outsourced chief investment officer.2
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Verified

Officer compensation

Reported on IRS Form 990, tax year 2025. Figures are as filed and include reportable compensation from the organization and related organizations plus other compensation. 25 additional officers reported no compensation.

NameTitleTotal
GRETCHEN BUHLIGCHIEF EXECUTIVE OFFICER ASUF$708,275
JACQUELINE SMITHSENIOR VICE PRESIDENT$353,310
CARLY NIERIEXECUTIVE DIRECTOR OF DEVELOPMENT$351,442
ERIC SPICERVICE PRESIDENT UNIT DEVELOPMENT$348,436
PATRICK MCDERMOTTCHIEF GLOBAL ADVANCEMENT OFFICER$345,526
VIRGINIA DESANTOVICE PRESIDENT, CFO & TREASURER$340,751
BILL KAVANVICE PRESIDENT ENGAGEMENT & OUTREACH$340,426
MACKENZIE WOODSGENERAL COUNSEL, SECRETARY (AS OF 9/24)$77,463

View the filing

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (asufoundation.org)Parent organization overview, Pool purpose, Capital pool, Asset allocation, Governance · checked Jul 25, 2026
  2. Website (news.asu.edu)Estimated AUM, Investment model, Investment approach, Investment team · checked Jul 25, 2026
  3. Website (asufoundation.org)Investment office page · checked Jul 25, 2026

Profile and job sources