Kassouf Family Foundation Inc
Kassouf Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORT WASHINGTON, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $616K. Net investment income was $377K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-16.8% YoY
Annual Giving
$616K
+129.7% YoY
Grant Count
17
+13.3% YoY
Avg Grant Size
$36K
+102.6% YoY
Under IRS private-foundation payout rules, Kassouf Family Foundation Inc reported a distributable amount of $125K for 2024 — the minimum it must pay out in qualifying distributions.
About Kassouf Family Foundation Inc
Based on IRS filings
Kassouf Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORT WASHINGTON, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $616K. Net investment income was $377K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,306,443 | $1,570,920 | $1,739,186 |
| Revenue | $389,543 | $88,015 | $22,136 |
| Expenses | $629,692 | $281,112 | $128,290 |
| Qualifying Distributions | $615,500 | $268,000 | $115,750 |
| Net Investment Income | $376,761 | $76,223 | $29,688 |
| Distributable Amount | $124,682 | $116,355 | $120,603 |
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
76 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Archdiocese of Milwaukee ($436,000), Clarkson University ($80,000), St Mary's Church ($42,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANTIQUE BOAT MUSEUM CLAYTON, NY | GIFT FOR GENERAL OPERATIONS | $5,000 |
| ARCHDIOCESE OF MILWAUKEE ST FRANCIS, WI | GRANTS FOR LOA CAPITAL CAMPAIGN, CSA CAMPAIGN, AND MERCY FUND | $436,000 |
| THOUSAND ISLAND PARK LANDMARK SOCIETY THOUSAND ISLAND PARK, NY | GIFT FOR GENERAL OPERATIONS | $5,500 |
| CLARKSON UNIVERSITY POTSDAM, NY | GIFT FOR GENERAL OPERATIONS | $80,000 |
| FEEDING AMERICA EASTERN WISCONSIN MILWAUKEE, WI | GIFT FOR GENERAL OPERATIONS | $5,000 |
| MARINE TOYS FOR TOTS FOUNDATION TRIANGLE, VA | GIFT FOR GENERAL OPERATIONS | $1,000 |
| MILWAUKEE RESCUE MISSION MILWAUKEE, WI | GIFT FOR GENERAL OPERATIONS | $5,000 |
| MILWAUKEE SCHOOL OF ENGINEERING MILWAUKEE, WI | GIFT FOR GENERAL OPERATIONS | $6,000 |
| MILWAUKEE SYMPHONY ORCHESTRA MILWAUKEE, WI | GIFT FOR GENERAL OPERATIONS | $5,000 |
| SAINT FRANCIS DE SALES SEMINARY ST FRANCIS, WI | GIFT FOR GENERAL OPERATIONS | $5,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS L KASSOUF | VICE-PRESIDENT, TREASURER, | 1 | — |
| LYNN T KASSOUF | PRESIDENT, SECRETARY AND D | 1 | — |
| THOMAS R KASSOUF | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kassouf Family Foundation Inc?
Kassouf Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORT WASHINGTON, WI. It holds $1.3M in total assets as of 2024.
How large is Kassouf Family Foundation Inc?
As of 2024, Kassouf Family Foundation Inc holds $1.3M in total assets with $390K in annual revenue. It awarded 17 grants totaling $616K in 2024.
Where does Kassouf Family Foundation Inc operate?
Kassouf Family Foundation Inc has awarded grants in District of Columbia, New York, Virginia, Wisconsin.
What size grants does Kassouf Family Foundation Inc award?
In 2024, Kassouf Family Foundation Inc awarded 17 grants totaling $616K — an average of about $36K per grant, based on its IRS Form 990 filings.
How much is Kassouf Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kassouf Family Foundation Inc reported a distributable amount of $125K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kassouf Family Foundation Inc's EIN?
Kassouf Family Foundation Inc's EIN (Employer Identification Number) is 83-0980580. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kassouf Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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