Louis N Cassett Foundation
The Louis N Cassett Foundation is a private foundation established in 1946 by Louis N. Cassett, a Philadelphia area industrialist. Organized and operated exclusively for tax-exempt purposes under Section 501(c)(3) of the Internal Revenue Code, the Foundation operates as an independent grantmaking organization that does not solicit funds from the public.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
+8.0% YoY
Annual Giving
$546K
-3.2% YoY
Grant Count
92
+8.2% YoY
Avg Grant Size
$6K
-10.5% YoY
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.
Mission & Focus Areas
The Foundation supports a broad range of charitable endeavors, including:
- Charitable and social service organizations
- Cultural programs and the arts
- Educational institutions
- Religious organizations
- Scientific and literary endeavors
- Poverty relief
- Disaster relief
- Health agencies
- Jewish organizations
The Foundation does not require that grant recipients have any particular religious or other affiliation, nor does it require financial support from recipients. The Foundation does require that recipients use granted funds in the manner specified in their request or as directed by the Foundation.
Grantmaking
The Foundation's Trustees meet periodically throughout the year to review grant requests. The Foundation encourages applicants to provide:
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation primarily focuses on grants to organizations in:
- Philadelphia, Pennsylvania metropolitan area
- South Florida metropolitan area
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $9,841,942
- Total revenues: $1,408,279
- Total expenses: $694,001
- Investment income and dividends: $269,586
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,841,942 | $9,113,802 | $9,555,349 |
| Revenue | $1,408,279 | $254,640 | $470,839 |
| Expenses | $694,001 | $697,607 | $735,473 |
| Qualifying Distributions | $584,250 | $601,263 | $634,224 |
| Net Investment Income | $1,314,384 | $183,449 | $374,802 |
| Distributable Amount | $529,646 | $527,331 | $561,053 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Louis N Cassett Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Atlanta Jewish Film Society ($30,500), Achievability ($20,000), Boston Children's Hospital ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Abramson Senior Care Blue Bell, PA | TO FURTHER EXEMPT PURPOSE | $4,000 |
| Achievability Philadelphia, PA | TO FURTHER EXEMPT PURPOSE | $20,000 |
| Act II Playhouse Ambler, PA | TO FURTHER EXEMPT PURPOSE | $2,000 |
| Alliance Theatre Atlanta, GA | TO FURTHER EXEMPT PURPOSE | $5,000 |
| Als Association - Delaware Valley Philadelphia, PA | TO FURTHER EXEMPT PURPOSE | $500 |
| Alzar School Inc Cascade, ID | TO FURTHER EXEMPT PURPOSE | $5,000 |
| Alzheimers Assoc SE PA Chapter Philadelphia, PA | TO FURTHER EXEMPT PURPOSE | $1,500 |
| American Jewish Committee Philadelphia, PA | TO FURTHER EXEMPT PURPOSE | $5,000 |
| American Red Cross SE PA Chapter Philadelphia, PA | TO FURTHER EXEMPT PURPOSE | $5,000 |
| A New Leash on Life Narberth, PA | TO FURTHER EXEMPT PURPOSE | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MALCOLM B JACOBSON | TRUSTEE | 10 | $24,628 |
| SUSAN KERSHBAUM | TRUSTEE | 2 | $7,280 |
| VANESSA ELIAS | TRUSTEE | — | — |
Contact Information
Address: 1818 Market Street, Floor 16, Philadelphia, PA 19103-3604
Phone: 215-315-7789
Website: www.cassettfoundation.org
EIN: 23-6274038
The Foundation's annual tax returns are available for public inspection at its office by appointment within two weeks of receipt of an inspection request.
Frequently Asked Questions
What does Louis N Cassett Foundation fund?
The Foundation supports a broad range of charitable endeavors, including: • Charitable and social service organizations • Cultural programs and the arts • Educational institutions • Religious organizations • Scientific and literary endeavors • Poverty relief • Disaster relief • Health agencies • Jewish organizations The Foundation does not require that grant recipients have any particular religious or other affiliation, nor does it require financial support from recipients. The Foundation does …
How do I apply for a grant from Louis N Cassett Foundation?
**Grant Activity:** • Made 97 grants in 2024 • Total giving in 2024: $546,417 • Typical award range: $1 to $38,625 • Recent notable grants include $38,625 to Jewish Federation of Greater Atlanta, $30,500 to Atlanta Jewish Film Society, and $27,500 to Palm Beach Day Academy **Application Process:** The Foundation's Trustees meet periodically throughout the year to review grant requests. The Foundation encourages applicants to provide: • A brief description of the organization and its history • A…
Where does Louis N Cassett Foundation make grants?
The Foundation primarily focuses on grants to organizations in: • Philadelphia, Pennsylvania metropolitan area • South Florida metropolitan area
What size grants does Louis N Cassett Foundation award?
In 2024, Louis N Cassett Foundation awarded 92 grants totaling $546K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Louis N Cassett Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louis N Cassett Foundation reported a distributable amount of $530K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Louis N Cassett Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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