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
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
No grants recorded for .
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.
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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