Cassels Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $31.7M in total assets. In 2024, it awarded 8 grants totaling $1.2M. Net investment income was $3.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31.7M
+6.3% YoY
Annual Giving
$1.2M
-25.5% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$149K
-16.1% YoY
Under IRS private-foundation payout rules, Cassels Family Foundation reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
About Cassels Family Foundation
Based on IRS filings
Cassels Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $31.7M in total assets. In 2024, it awarded 8 grants totaling $1.2M. Net investment income was $3.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,679,065 | $29,801,441 | $29,622,909 |
| Revenue | $3,271,373 | $1,868,647 | $5,740,926 |
| Expenses | $1,384,543 | $1,734,450 | $1,225,627 |
| Qualifying Distributions | $1,193,500 | $1,601,166 | $1,122,500 |
| Net Investment Income | $3,118,815 | $1,744,235 | $721,551 |
| Distributable Amount | $2,248,015 | $2,071,963 | $1,838,154 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Empower One ($500,000), Columbia International University ($221,000), United Way of the Midlands ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBIA INTERNATIONAL UNIVERSITY COLUMBIA, SC | SUPPORT | $221,000 |
| EMPOWER ONE DALLAS, TX | SUPPORT | $500,000 |
| FEDERATION CENTER OF THE BLIND COLUMBIA, SC | ADAPTIVE COMPUTER TRAINING PROGRAM | $5,000 |
| FORGE DENVER, CO | MINISTRY ADVANCEMENT AND STAFF SUPPORT - ANDRE DESPRES | $37,500 |
| SCHOOL TIME BIBLE MINISTRIES COLUMBIA, SC | SUPPORT OF SPREADING THE GOSPEL TO SCHOOL CHILDREN | $30,000 |
| UNITED WAY OF THE MIDLANDS COLUMBIA, SC | CAMPAIGN FOR GOOD | $200,000 |
| HABITAT FOR HUMANITY CHARLESTON, SC | SUPPORT | $150,000 |
| AMERICAN HEART ASSOCIATION MT PLEASANT, SC | SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM T CASSELS JR | PRESIDENT | 1 | — |
| KATHERINE CASSELS WOLFE | VICE PRESIDENT | 1 | — |
| WTOBIN CASSELS III | SECRETARY/TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cassels Family Foundation?
Cassels Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, SC. It holds $31.7M in total assets as of 2024.
How large is Cassels Family Foundation?
As of 2024, Cassels Family Foundation holds $31.7M in total assets with $3.3M in annual revenue. It awarded 8 grants totaling $1.2M in 2024.
Where does Cassels Family Foundation operate?
Cassels Family Foundation has awarded grants in Colorado, Georgia, North Carolina, South Carolina, Texas, Vermont.
What size grants does Cassels Family Foundation award?
In 2024, Cassels Family Foundation awarded 8 grants totaling $1.2M — an average of about $149K per grant, based on its IRS Form 990 filings.
How much is Cassels Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cassels Family Foundation reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cassels Family Foundation's EIN?
Cassels Family Foundation's EIN (Employer Identification Number) is 57-1029022. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cassels Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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