Cassels Family Foundation

Private foundation · Grantmaker Lexington, SC EIN: 57-1029022

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.

Key facts about Cassels Family Foundation

In short: Cassels Family Foundation gave $622K across 9 grants in 2025 (avg $69K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.

EIN
57-1029022
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$622,250
Grants made (2025)
9
Average grant
$69,139
Median grant
$25,000
Total assets
$34,127,835
Primary geography
South Carolina (60% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$34.1M

+7.7% YoY

Annual Giving

$622K

-47.9% YoY

Grant Count

9

+12.5% YoY

Avg Grant Size

$69K

-53.7% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2025 grant dollars across all 9 itemized grants.

Cities

ColumbiaDenverClintonDallasWinooskiChapinColombiaColorado SpringsValdostaCharlestonCharlotteHollywoodMt PleasantNorth CharlestonOrlandoPeachtree CornersTaylors

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M9 grants2019 5 grants2020 11 grants2021 5 grants2022 9 grants2023 8 grants2024 9 grants2025

From 2019 to 2025, annual grant giving ranged from $622K (2025) to $2.9M (2019). In 2025 it made 9 grants totaling $622K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Columbia International University: $221KColumbia InternationalUniversity$221KHaggai International: $150KHaggai International$150KSchool Time Bible Ministries: $115KSchool Time Bible Ministries$115KCompassion International: $75KCompassion International$75KChild Evangelism Fellowship of SC: $25KChild Evangelism Fellowship ofSC$25KForge: $23KForge$23KGreenville Presbyterian Theological Seminary: $8KGreenville PresbyterianTheological Seminary$8KFederation Center of the Blind: $5KFederation Center of the Blind$5KBooks in Every Bag: $1KBooks in Every Bag$1K

The largest 2025 recipient was Columbia International University ($221K). Together the top 9 received $622K.

Grant Size Distribution

42 grants across all recorded years

20<$50K2$50–100K12$100–250K6$250–500K2$500K–1M$1–5M$5M+

The most common grant size was under $50K: 20 grants of 42 (48%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Columbia International University Columbia, SCSupport$221,250
Haggai International Peachtree Corners, GASupport$150,000
School Time Bible Ministries Columbia, SCSupport of Spreading the Gospel to School Children$115,000
Compassion International Colorado Springs, COSupport$75,000
Child Evangelism Fellowship of SC Columbia, SCSupport$25,000
Forge Denver, COMinistry Advancement and Staff Support - Andre Despres$22,500
Greenville Presbyterian Theological Seminary Taylors, SCGreat Commission Scholarship Fund$7,500
Federation Center of the Blind Columbia, SCAdaptive Computer Training Program$5,000
Books in Every Bag Hollywood, SCSupport$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2.5M$5M$7.5M$10M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$34,127,835$31,679,065$29,801,441
Revenue$3,249,550$3,271,373$1,868,647
Expenses$825,480$1,384,543$1,734,450
Qualifying Distributions$622,250$1,193,500$1,601,166
Net Investment Income$3,108,752$3,118,815$1,744,235
Distributable Amount$2,393,215$2,248,015$2,071,963

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
  3. IRS filings on file for fiscal years 2020–2024

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. 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.

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