Kasnet Family Foundation
Kasnet Family Foundation is a private foundation, based in Manchesterbythesea, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $73K in total assets. In 2025, it awarded 9 grants totaling $30K. Net investment income was $26K.
Kasnet Family Foundation at a glance
In short: Kasnet Family Foundation gave $30K across 9 grants in 2025 (avg $3K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,400
- +103.9% vs 2024
- Grants made (2025)
- 9
- -50.0% vs 2024
- Average grant
- $3,378
- +307.8% vs 2024
- Median grant
- $500
- Total assets
- $73,087
- -5.0% vs 2024
- Primary geography
- Massachusetts (96% 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 Kasnet Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Governor's Academy ($25K). Together the top 9 received $30K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Kasnet Family Foundation gives
- Giving grew 258% from 2022 to 2025. Method
- In 2025 it paid out 289% 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 2025, annual grant giving ranged from $500 (2021) to $30K (2025). In 2025 it made 9 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Governor's Academy Byfield, MA | Primary purpose of the foundation to meet irs minimum distribution | $25,000 |
| New England Baptist Hospital Boston, MA | Primary purpose of the foundation to meet irs minimum distribution | $2,000 |
| Mass General Hospital Fund Boston, MA | Primary purpose of the foundation to meet irs minimum distribution | $1,500 |
| Ussa (US Superyacht Association) Fort Lauderdale, FL | Primary purpose of the foundation to meet irs minimum distribution | $1,000 |
| Emmanuel Church Manchesterbythesea, MA | Primary purpose of the foundation to meet irs minimum distribution | $500 |
| Bonnell Cove Foundation Camden, ME | Primary purpose of the foundation to meet irs minimum distribution | $100 |
| Disabled Veterans National Milford, NH | Primary purpose of the foundation to meet irs minimum distribution | $100 |
| Episcopal Diocese of MA Boston, MA | Primary purpose of the foundation to meet irs minimum distribution | $100 |
| Herreshoff Marine Museum Bristol, RI | Primary purpose of the foundation to meet irs minimum distribution | $100 |
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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 | $73,087 | $26,142 | $30,435 | $30,400 | 9 | $30,400 | $26,107 | $10,504 |
| 2024 | $76,918 | $5,304 | $18,849 | $14,910 | 18 | $16,853 | $3,308 | $10,574 |
| 2023 | $90,292 | $5,637 | $5,217 | $1,500 | 1 | $3,313 | $3,733 | $9,102 |
| 2022 | $89,781 | $8,250 | $11,934 | $8,500 | 3 | $10,200 | $6,516 | $9,196 |
| 2021 | $94,604 | $4,118 | $3,862 | $500 | 1 | $2,166 | $2,422 | $10,183 |
| 2020 | $93,698 | $4,022 | $18,414 | $15,000 | 5 | — | $2,258 | $8,378 |
Under IRS private-foundation payout rules, Kasnet Family Foundation reported a distributable amount of $11K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kasnet Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marie-Louise Kasnet
Trustee
On filings since 2020
No compensation reported
Stephen G. Kasnet
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Kasnet Family Foundation
How much does Kasnet Family Foundation give each year?
Kasnet Family Foundation gave $30K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 18 grants.
What is Kasnet Family Foundation's typical grant size?
Kasnet Family Foundation's median grant in 2025 was $500, and its average grant was $3,378, across 9 grants on its 2025 IRS Form 990-PF.
Where does Kasnet Family Foundation give grants?
Kasnet Family Foundation gives mostly in Massachusetts: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (3 grants).
Does Kasnet Family Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Kasnet Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Kasnet Family Foundation's largest grantees?
Kasnet Family Foundation's largest 2025 grantees include Governor's Academy ($25,000), New England Baptist Hospital ($2,000) and Mass General Hospital Fund ($1,500), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.
How large is Kasnet Family Foundation?
Kasnet Family Foundation reported $73K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What is Kasnet Family Foundation's EIN?
Kasnet Family Foundation's EIN (Employer Identification Number) is 04-6986674. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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