Cassels Family Foundation
Cassels Family Foundation is a private foundation, based in Lexington, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $34.1M in total assets. In 2025, it awarded 9 grants totaling $622K. Net investment income was $3.1M.
Cassels Family Foundation at a glance
In short: Cassels Family Foundation gave $622K across 9 grants in 2025 (avg $69K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $622,250
- -47.9% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $69,139
- -53.7% vs 2024
- Median grant
- $25,000
- Total assets
- $34,127,835
- +7.7% vs 2024
- Primary geography
- South Carolina (60% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Cassels Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Columbia International University ($221K). Together the top 8 received $615K.
Organizations only. It also paid 1 individual scholarship ($7,500), which are not listed by name.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 20 grants of 42 (48%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Cassels Family Foundation gives
- Giving fell 45% from 2022 to 2025. Method
- In 2025 it paid out 26% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $622K (2025) to $2.9M (2019). In 2025 it made 9 grants totaling $622K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia International University Columbia, SC | Support | $221,250 |
| Haggai International Peachtree Corners, GA | Support | $150,000 |
| School Time Bible Ministries Columbia, SC | Support of Spreading the Gospel to School Children | $115,000 |
| Compassion International Colorado Springs, CO | Support | $75,000 |
| Child Evangelism Fellowship of SC Columbia, SC | Support | $25,000 |
| Forge Denver, CO | Ministry Advancement and Staff Support - Andre Despres | $22,500 |
| 1 individual scholarship Recipients not named | — | $7,500 |
| Federation Center of the Blind Columbia, SC | Adaptive Computer Training Program | $5,000 |
| Books in Every Bag Hollywood, SC | Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $34,127,835 | $3,249,550 | $825,480 | $622,250 | 9 | $622,250 | $3,108,752 | $2,393,215 |
| 2024 | $31,679,065 | $3,271,373 | $1,384,543 | $1,193,500 | 8 | $1,193,500 | $3,118,815 | $2,248,015 |
| 2023 | $29,801,441 | $1,868,647 | $1,734,450 | $1,601,166 | 9 | $1,601,166 | $1,744,235 | $2,071,963 |
| 2022 | $29,622,909 | $5,740,926 | $1,225,627 | $1,122,500 | 5 | $1,122,500 | $721,551 | $1,838,154 |
| 2021 | $25,195,801 | $8,144,491 | $1,164,712 | $1,074,627 | 11 | $1,074,627 | $805,074 | $1,641,065 |
| 2020 | $18,214,446 | $629,374 | $1,143,980 | $1,053,600 | 5 | — | $526,658 | $1,406,464 |
| 2019 | $18,727,840 | $2,924,290 | $3,063,070 | $2,934,667 | 9 | — | $1,056,774 | $1,308,998 |
Under IRS private-foundation payout rules, Cassels Family Foundation reported a distributable amount of $2.4M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cassels Family Foundation is led by William T. Cassels Jr., President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
William T. Cassels Jr.
President
On filings since 2019
1 hr/week
No compensation reported
Katherine Cassels Wolfe
Vice President
On filings since 2019
1 hr/week
No compensation reported
Wtobin Cassels III
Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cassels Family Foundation
How much does Cassels Family Foundation give each year?
Cassels Family Foundation gave $622K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 8 grants.
What is Cassels Family Foundation's typical grant size?
Cassels Family Foundation's median grant in 2025 was $25,000, and its average grant was $69,139, across 9 grants on its 2025 IRS Form 990-PF.
Where does Cassels Family Foundation give grants?
Cassels Family Foundation gives mostly in South Carolina: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Georgia (24%) and Colorado (16%). The most frequent recipient cities were Columbia, SC (4 grants).
Does Cassels Family Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Cassels Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (5 grants).
Who are Cassels Family Foundation's largest grantees?
Cassels Family Foundation's largest 2025 grantees include Columbia International University ($221,250), Haggai International ($150,000) and School Time Bible Ministries ($115,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($7,500), which are not listed by name. Together they received 78% of its itemized 2025 grant dollars.
How large is Cassels Family Foundation?
Cassels Family Foundation reported $34.1M in total assets on its 2025 IRS Form 990-PF. It paid out $622K in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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—
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