The Eugene B Casey Foundation is a private independent foundation established in 1981 and based in Rockville, Maryland. The foundation was created by Eugene B. Casey, a Maryland-based builder, developer, and philanthropist who served as director of the Farm Credit Administration under President Franklin D. Roosevelt from 1940 to 1941. Casey was known for pioneering low-cost housing in Maryland, providing property and buildings for government use in developing the Salk polio vaccine, and financing the reconstruction of Patrick Henry's last home and burial place. Following Eugene Casey's death in 1986, his widow Betty Brown Casey continued operating the foundation until her death in 2022.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$397.3M
+172.2% YoY
Annual Giving
$5.4M
-28.4% YoY
Grant Count
41
-36.9% YoY
Avg Grant Size
$132K
+13.5% YoY
Mission & Focus Areas
The foundation supports health, children, human services, education, and arts and culture organizations. The foundation takes a straightforward approach to grantmaking, primarily supporting general operating expenses of pre-selected organizations, though occasionally funding repairs, endowments, and special events.
Grantmaking
The foundation distributes approximately $7.6 million annually through 64-65 grants to support its priority areas.
Grant Range
s:** Grant awards typically range from $1,000 to $1,000,000, with a median grant of approximately $30,000.
Invitation Only
** The foundation does not accept unsolicited applications. It operates on an invitation-only basis, pre-selecting organizations to receive funding. The foundation prefers a proactive funding approach, and networking with previous grantees and the foundation is key to engagement.
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Geographic Focus
Where this funder awards grants
The foundation primarily focuses on the Washington, D.C. metropolitan area, including Maryland and Washington, D.C. While the foundation primarily gives to Washington D.C.-based organizations, it makes some sizeable grants around the United States on a case-by-case basis.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: As of 2024, the foundation holds $397,344,575 in total assets. This represents a significant increase from previous years, following the transfer of nearly $287 million from Betty Casey's trust to the foundation in 2023 and 2024 after her death, bringing the foundation's assets to approximately four times its endowment of a few years prior.
Annual Giving: The foundation distributes approximately $7.6 million annually.
Revenue: Total revenues in 2024 were $284,310,930.
Expenses: Total expenses in 2024 were $14,985,514.
Liabilities: As of 2023, total liabilities were $588,000.
Employees: The foundation has 7 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $397,344,575 | $145,980,463 | $50,783,164 |
| Revenue | $284,310,930 | $79,367,213 | $6,606,237 |
| Expenses | $14,985,514 | $12,036,760 | $10,421,539 |
| Qualifying Distributions | $72,743,555 | $8,147,482 | $7,737,000 |
| Net Investment Income | $59,043,053 | $6,684,029 | $3,976,978 |
| Distributable Amount | $18,916,173 | $7,521,083 | $7,631,063 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
219 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Andrew Horman serves as Executive Director.
Betty Brown Casey was listed as the contact person for correspondence and served as trustee until her death in 2022.
Donna W Sheehan is listed as a trustee.
Additional staff include Cynthia Cermeno (Office Manager) and Benedicte Krukowicz (Administrative Assistant).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONNA W SHEEHAN CPA | TRUSTEE | 40 | $366,538 |
| MIRNA L LOPEZ | TRUSTEE | 40 | $366,538 |
| BRENDAN V SULLIVAN JR | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2023 and 2024, the foundation received a substantial influx of assets following Betty Casey's death, with her trust transferring nearly $287 million to the foundation. This increase in assets to over $397 million is expected to necessitate a significant increase in the foundation's annual grantmaking in the coming years.
Casey Awards $2.1 Million in Grants to 21 Organizations That Advance StateSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Government Employees' Benefit
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Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
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Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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