Erik S Cassel Foundation
Erik S Cassel Foundation is a private foundation, based in San Mateo, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it awarded 6 grants totaling $340K. Net investment income was $755K.
Erik S Cassel Foundation at a glance
In short: Erik S Cassel Foundation gave $340K across 6 grants in 2024 (avg $57K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $340,000
- +4.6% vs 2023
- Grants made (2024)
- 6
- +0.0% vs 2023
- Average grant
- $56,667
- +4.6% vs 2023
- Median grant
- $55,000
- Total assets
- $6,995,793
- +6.7% vs 2023
- Primary geography
- California (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Erik S Cassel Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Bard College ($100K). Together the top 6 received $340K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 19 grants of 33 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Erik S Cassel Foundation gives
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $75K (2020) to $375K (2021). In 2024 it made 6 grants totaling $340K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bard College Annandaleonhudson, NY | Access & Equity | $100,000 |
| Lifemoves Menlo Park, CA | Community Support | $55,000 |
| Xavier University of Louisiana New Orleans, LA | General Need-Based Scholarships | $55,000 |
| Eastside College Prep East Palo Alto, CA | General Need-Based Scholarships | $55,000 |
| Rainforest Foundation Brooklyn, NY | Rainforest Protection | $40,000 |
| Immigration Institute of Bay Area San Francisco, CA | Immigration Support | $35,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,995,793 | $778,455 | $388,885 | $340,000 | 6 | $357,200 | $754,857 | $332,229 |
| 2023 | $6,558,922 | $85,469 | $376,514 | $325,000 | 6 | $357,360 | $85,784 | $309,663 |
| 2022 | $5,848,602 | $184,532 | $337,434 | $310,000 | 6 | $318,870 | $162,755 | $318,735 |
| 2021 | $8,427,219 | $1,657,430 | $459,841 | $375,000 | 9 | $408,926 | $317,717 | $368,061 |
| 2020 | $6,742,973 | $5,455,592 | $77,541 | $75,000 | 6 | — | $825,784 | $59,126 |
Under IRS private-foundation payout rules, Erik S Cassel Foundation reported a distributable amount of $332K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Erik S Cassel Foundation is led by Rebecca Smith, President & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rebecca Smith
President & Secretary
On filings since 2020
0.1 hrs/week
No compensation reported
Daniel Cassel
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Kai Robert Cassel
Director
On filings since 2020
0.1 hrs/week
No compensation reported
David Cassel
Treasurer
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Erik S Cassel Foundation
How much does Erik S Cassel Foundation give each year?
Erik S Cassel Foundation gave $340K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $325K across 6 grants.
What is Erik S Cassel Foundation's typical grant size?
Erik S Cassel Foundation's median grant in 2024 was $55,000, and its average grant was $56,667, across 6 grants on its 2024 IRS Form 990-PF.
Where does Erik S Cassel Foundation give grants?
Erik S Cassel Foundation's top state is California, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (41%) and Louisiana (16%).
Does Erik S Cassel Foundation give general operating support?
Yes: 33% of Erik S Cassel Foundation's 2024 grants with a stated purpose (2 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Erik S Cassel Foundation's largest grantees?
Erik S Cassel Foundation's largest 2024 grantees include Bard College ($100,000), Lifemoves ($55,000) and Xavier University of Louisiana ($55,000), according to its 2024 IRS Form 990-PF. Together they received 62% of its itemized 2024 grant dollars.
How large is Erik S Cassel Foundation?
Erik S Cassel Foundation reported $7.0M in total assets on its 2024 IRS Form 990-PF. It paid out $357K in qualifying distributions that year, against a required minimum of $332K (roughly 5% of its investment assets).
What is Erik S Cassel Foundation's EIN?
Erik S Cassel Foundation's EIN (Employer Identification Number) is 83-2127482. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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