Kassouf Family Foundation Inc
Kassouf Family Foundation Inc is a private foundation based in Port Washington, Wisconsin. Its filings report grants to charitable organizations, including universities, a food-support organization, a symphony orchestra, a land trust, and a children’s charity.
Key facts about Kassouf Family Foundation Inc
- EIN
- 83-0980580
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $1,312,272
- Accepts unsolicited proposals
- No
- How to apply
- The foundation’s 2024 filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.3M
+0.4% YoY
Revenue
$28K
-92.9% YoY
Net Investment Income
$28K
-92.6% YoY
Expenses
$22K
-96.6% YoY
Under IRS private-foundation payout rules, Kassouf Family Foundation Inc reported a distributable amount of $128K for 2025 — the minimum it must pay out in qualifying distributions.
Is Kassouf Family Foundation Inc open to new grantees?
18%
first-time grantees, 2024
In 2024, 3 of 17 grantees (18%) were first-time recipients. First grants averaged $2K; repeat grants $44K. How we count
Medians: $2K first-time, $5K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving grew 181% from 2021 to 2024. Method
- In 2024 it paid out 494% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its reported 2024 grants included support for organizations whose own missions include higher education and research, food assistance, music and education outreach, land conservation, and providing toys to economically disadvantaged children.
Grantmaking
In 2024, the foundation reported 17 grants totaling $615,500. Examples include $80,000 to Clarkson University and $6,000 to Milwaukee School of Engineering. Other reported 2024 grants included $5,000 each to Feeding America Eastern Wisconsin and Milwaukee Symphony Orchestra Inc., $2,500 to Thousand Islands Land Trust Inc., and $1,000 to Marine Toys for Tots Foundation. These are examples, not a complete list of the year’s grants.
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Geographic Focus
Where this funder awards grants
The listed 2024 grantees are based in Wisconsin, New York, and Virginia. These locations describe the organizations reported as grantees; no geographic grantmaking policy is stated.
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $116K (2022) to $616K (2024). In 2024 it made 17 grants totaling $616K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
65 grants across all recorded years
The most common grant size was under $50K: 58 grants of 65 (89%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2025 | $1,312,272 | $27,726 | $21,602 | 0 |
| 2024 | $1,306,443 | $389,543 | $629,692 | $615,500; 17 grants |
| 2023 | $1,570,920 | $88,015 | $281,112 | $268,000; 15 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,312,272 | $1,306,443 | $1,570,920 |
| Revenue | $27,726 | $389,543 | $88,015 |
| Expenses | $21,602 | $629,692 | $281,112 |
| Qualifying Distributions | — | $615,500 | $268,000 |
| Net Investment Income | $27,737 | $376,761 | $76,223 |
| Distributable Amount | $127,695 | $124,682 | $116,355 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Thomas L. Kassouf as vice-president and treasurer; Lynn T. Kassouf as president, secretary and D; and Thomas R. Kassouf as director.
Kassouf Family Foundation Inc is led by Lynn T. Kassouf, President, Secretary & D on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lynn T. Kassouf
President, Secretary & D
On filings since 2020
1 hr/week
No compensation reported
Thomas R. Kassouf
Vice President, Treasurer & Director
On filings since 2020
1 hr/week
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.
Contact
Mailing address: 806 W Grand Avenue, Port Washington, WI 53074-2032
Phone: (262) 235-4135
Frequently asked questions about Kassouf Family Foundation Inc
How large is Kassouf Family Foundation Inc?
Kassouf Family Foundation Inc reported $1.3M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $28K.
What does Kassouf Family Foundation Inc fund?
No mission statement for the foundation is provided. Its reported 2024 grants included support for organizations whose own missions include higher education and research, food assistance, music and education outreach, land conservation, and providing toys to economically disadvantaged children. See mission & focus areas ↑
How do I apply for a grant from Kassouf Family Foundation Inc?
The foundation’s 2024 filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Kassouf Family Foundation Inc make grants?
The listed 2024 grantees are based in Wisconsin, New York, and Virginia. These locations describe the organizations reported as grantees; no geographic grantmaking policy is stated.
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 2025, Kassouf Family Foundation Inc reported a distributable amount of $128K 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 2020–2025.
Does Kassouf Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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