Louis N Cassett Foundation
The Louis N Cassett Foundation is a private foundation based in Philadelphia, Pennsylvania. It supports a variety of charitable endeavors, particularly in the Philadelphia and South Florida areas, and awards grants to organizations qualified as tax-exempt under the Internal Revenue Code.
Louis N Cassett Foundation at a glance
In short: Louis N Cassett Foundation gave $546K across 92 grants in 2024 (avg $6K), top state Pennsylvania. 16% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $546,417
- -3.2% vs 2023
- Grants made (2024)
- 92
- +8.2% vs 2023
- Average grant
- $5,939
- -10.5% vs 2023
- Median grant
- $4,000
- Total assets
- $9,841,942
- +8.0% vs 2023
- New grantees (estimate)
- 16% first-time grantees (15 of 92, 2024)
- Primary geography
- Pennsylvania (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Louis N Cassett Foundation
- How to Apply
-
The Foundation does not restrict giving to preselected organizations. Applicants should contact Malcolm B. Jacobson and submit a letter that includes background information on the purpose of the request. The filing lists no restrictions on awards.
- Contact
Application contact: Malcolm B Jacobson
Mailing address: 1818 Market St 16Th Floor, Philadelphia, PA 19103
Phone: (215) 315-7789
Website: https://cassettfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Louis N Cassett Foundation
Who Louis N Cassett Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jewish Federation of Greater Atlanta ($39K). Together the top 10 received $224K.
Grant Size Distribution
467 grants across all recorded years
The most common grant size was under $50K: 467 grants of 467 (100%).
Geographic Focus
Where this funder awards grants
The Foundation’s grant materials particularly identify the Philadelphia and South Florida areas. In 2024, 33% of grant dollars went to recipients in Pennsylvania and 27% to recipients in Florida. Other leading recipient states were Georgia (19%), Massachusetts (4%), and the District of Columbia (4%).
Grant Distribution by State
Share of 2024 grant dollars across all 92 itemized grants.
States
Cities
Is Louis N Cassett Foundation open to new grantees?
16%
first-time grantees, 2024
In 2024, 15 of 92 grantees (16%) were first-time recipients. First grants averaged $4K; repeat grants $6K. How we count
Medians: $2K first-time, $4K repeat.
- 75% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 110% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $546K (2024) to $604K (2020). In 2024 it made 92 grants totaling $546K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Federation of Greater Atlanta Atlanta, GA | To Further Exempt Purpose | $38,625 |
| Atlanta Jewish Film Society Atlanta, GA | To Further Exempt Purpose | $30,500 |
| Palm Beach Day Academy Palm Beach, FL | To Further Exempt Purpose | $27,500 |
| Achievability Philadelphia, PA | To Further Exempt Purpose | $20,000 |
| Boston Children's Hospital Boston, MA | To Further Exempt Purpose | $20,000 |
| Bound for College Inc Delray Beach, FL | To Further Exempt Purpose | $20,000 |
| Jupiter Medical Center Jupiter, FL | To Further Exempt Purpose | $20,000 |
| Mount Sinai Medical Center Miami Beach, FL | To Further Exempt Purpose | $20,000 |
| Freire Charter School Philadelphia, PA | To Further Exempt Purpose | $17,500 |
| Center for Law and Social Policy Washington, DC | To Further Exempt Purpose | $10,000 |
Ready to take the next step with Louis N Cassett Foundation?
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 | $9,841,942 | $1,408,279 | $694,001 | $546,417 | 92 | $584,250 | $1,314,384 | $529,646 |
| 2023 | $9,113,802 | $254,640 | $697,607 | $564,381 | 85 | $601,263 | $183,449 | $527,331 |
| 2022 | $9,555,349 | $470,839 | $735,473 | $587,650 | 91 | $634,224 | $374,802 | $561,053 |
| 2021 | $9,821,658 | $931,696 | $742,506 | $600,042 | 102 | $626,032 | $826,713 | $597,369 |
| 2020 | $9,630,326 | $749,492 | $736,117 | $603,500 | 97 | — | $658,963 | $544,716 |
Under IRS private-foundation payout rules, Louis N Cassett Foundation reported a distributable amount of $530K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s grant materials describe support for a variety of charitable endeavors; they do not state a more specific mission. Its 2024 grants show support for organizations working in education, healthcare, culture, and other charitable areas.
Examples include the Atlanta Jewish Film Society, whose mission is to promote social and cultural understanding through Jewish film, and Bound for College, which describes its mission as providing college-readiness resources to motivated low-income students. Palm Beach Day Academy says it aims to educate students in a challenging and compassionate environment, while Jupiter Medical Center describes its mission as delivering compassionate healthcare regardless of patients’ ability to pay.
The Foundation does not impose a religious-affiliation requirement on grant recipients. It may ask recipients to use funds as described in their requests or as directed by the Foundation.
Grantmaking
In 2024, the Foundation made 92 grants totaling $546,417. Awards ranged from $200 to $38,625, with a median grant of $4,000.
Among its largest 2024 grants were $38,625 to Jewish Federation of Greater Atlanta, $30,500 to Atlanta Jewish Film Society, and $27,500 to Palm Beach Day Academy. Other grants included $20,000 each to Achievability, Boston Children’s Hospital, Bound for College, Jupiter Medical Center, and Mount Sinai Medical Center; and $17,500 to Freire Charter School.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Malcolm B. Jacobson, Susan Kershbaum, and Vanessa Elias as trustees.
Louis N Cassett Foundation's 2024 filing lists 3 officers; 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Malcolm B. Jacobson
Trustee
On filings since 2020
10 hrs/week
$24K (2020) → $25K (2024)
Susan Kershbaum
Trustee
On filings since 2020
2 hrs/week
$6K (2020) → $7K (2024)
Vanessa Elias
Trustee
On filings since 2020
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $25K, to Malcolm B Jacobson (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Louis N Cassett Foundation
How much does Louis N Cassett Foundation give each year?
Louis N Cassett Foundation gave $546K across 92 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $564K across 85 grants.
What is Louis N Cassett Foundation's typical grant size?
Louis N Cassett Foundation's median grant in 2024 was $4,000, and its average grant was $5,939, across 92 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Louis N Cassett Foundation that year got $4K on average.
Where does Louis N Cassett Foundation give grants?
Louis N Cassett Foundation's top state is Pennsylvania, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (27%) and Georgia (19%). The most frequent recipient cities were Philadelphia, PA (25 grants), Atlanta, GA (9 grants), Miami, FL (4 grants) and Washington, DC (4 grants).
Who are Louis N Cassett Foundation's largest grantees?
Louis N Cassett Foundation's largest 2024 grantees include Jewish Federation of Greater Atlanta ($38,625), Atlanta Jewish Film Society ($30,500) and Palm Beach Day Academy ($27,500), according to its 2024 IRS Form 990-PF. Together they received 18% of its itemized 2024 grant dollars.
How large is Louis N Cassett Foundation?
Louis N Cassett Foundation reported $9.8M in total assets on its 2024 IRS Form 990-PF. It paid out $584K in qualifying distributions that year, against a required minimum of $530K (roughly 5% of its investment assets).
What does Louis N Cassett Foundation fund?
The Foundation’s grant materials describe support for a variety of charitable endeavors; they do not state a more specific mission. Its 2024 grants show support for organizations working in education, healthcare, culture, and other charitable areas. See mission & focus areas ↑
How do I apply for a grant from Louis N Cassett Foundation?
The Foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Louis N Cassett Foundation's EIN?
Louis N Cassett Foundation's EIN (Employer Identification Number) is 23-6274038. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Louis N Cassett Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
The Neubauer Family Foundation
Philadelphia, PA
The Neubauer Family Foundation supports universities, education organizations, arts and cultural institutions, and other nonprofits, with most 2024 funding going to organizations in Pennsylvania, Illinois, and New York. Its 2024 grants ranged from $100 to $5.6 million, with a median of $5,000. It does not accept unsolicited requests; proposals are by invitation only.
Assets
$361.0M
Grants
199
Total Given
$17.9M
Greater Miami Jewish Federation Inc
Miami, FL
The Greater Miami Jewish Federation funds human services, Jewish education and identity, community-building, and overseas programs, primarily supporting Jewish communities and people in need in Miami, Israel, and elsewhere. Its 2025 grants had a median of $22,348, while its competitive Jewish Incubator Grants generally range from $2,500 to $10,000; the profile does not state whether unsolicited requests are accepted.
Assets
$549.5M
Grants
386
Total Given
$59.4M
The Philadelphia Foundation
Philadelphia, PA
The Philadelphia Foundation supports economic mobility and other community needs through grants to nonprofits, including workforce development, direct services, and initiatives addressing urgent regional challenges. In 2024, its median grant was $25,500, and its primary service area is Greater Philadelphia; whether it accepts unsolicited requests is not stated.
Assets
$704.6M
Grants
715
Total Given
$39.1M
The Pittsburgh Foundation
Pittsburgh, PA
The Pittsburgh Foundation funds nonprofits working in basic needs, equity and social justice, environmental action, arts and culture, and economic mobility, with most opportunities for organizations in Allegheny County or primarily serving its residents. Its 2024 grants had a median amount of about $18,600, though awards varied widely. The profile does not state whether it accepts unsolicited requests.
Assets
$1.5B
Grants
1,132
Total Given
$64.0M
More similar funders
More Funders in Pennsylvania
Cite this profile
Grantable. (2026). Louis N Cassett Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/louis-n-cassett-foundation-morg_e64f60052e3840bcb2164d0c06284a4e
BibTeX
@misc{grantable_236274038_2026,
author = {{Grantable}},
title = {{Louis N Cassett Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/louis-n-cassett-foundation-morg_e64f60052e3840bcb2164d0c06284a4e},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Louis N Cassett Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Louis N Cassett Foundation down — hundreds of funders to go?