Stephen and Carol Cassiani Family Foundation is a private foundation focused on Education, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 4 grants totaling $207K. Net investment income was $224K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+25.4% YoY
Annual Giving
$207K
+59.2% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$52K
+99.0% YoY
Under IRS private-foundation payout rules, Stephen and Carol Cassiani Family Foundation reported a distributable amount of $314K for 2024 — the minimum it must pay out in qualifying distributions.
About Stephen and Carol Cassiani Family Foundation
Based on IRS filings
Stephen and Carol Cassiani Family Foundation is a private foundation focused on Education, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 4 grants totaling $207K. Net investment income was $224K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,119,010 | $5,677,139 | $3,821,727 |
| Revenue | $1,725,183 | $1,451,667 | $580,712 |
| Expenses | $283,312 | $184,641 | $171,652 |
| Qualifying Distributions | $207,000 | $130,000 | $130,000 |
| Net Investment Income | $223,563 | $125,042 | $78,873 |
| Distributable Amount | $313,885 | $226,038 | $159,568 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Smu Simmons School ($85,000), United Way of Greater Houston ($60,000), Parish Episcopal School ($52,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS GREATER HOUSTON HOUSTON, TX | CHARITABLE | $10,000 |
| UNITED WAY OF GREATER HOUSTON HOUSTON, TX | CHARITABLE | $60,000 |
| PARISH EPISCOPAL SCHOOL Dallas, TX | CHARITABLE | $52,000 |
| SMU SIMMONS SCHOOL DALLAS, TX | CHARITABLE | $85,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN M CASSIANI | SECRETARY/TREASURER | — | — |
| CAROL A CASSIANI | VICE PRESIDENT | — | — |
| LISA C MACARAEG | PRESIDENT | — | — |
| E BIEGEL MACARAEG | VICE PRESIDENT | — | — |
| JONATHAN M FORSTER | VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Stephen and Carol Cassiani Family Foundation?
Stephen and Carol Cassiani Family Foundation is a private foundation focused on Education, based in HOUSTON, TX. It holds $7.1M in total assets as of 2024.
How large is Stephen and Carol Cassiani Family Foundation?
As of 2024, Stephen and Carol Cassiani Family Foundation holds $7.1M in total assets with $1.7M in annual revenue. It awarded 4 grants totaling $207K in 2024.
Where does Stephen and Carol Cassiani Family Foundation operate?
Stephen and Carol Cassiani Family Foundation has awarded grants in Texas.
What size grants does Stephen and Carol Cassiani Family Foundation award?
In 2024, Stephen and Carol Cassiani Family Foundation awarded 4 grants totaling $207K — an average of about $52K per grant, based on its IRS Form 990 filings.
How much is Stephen and Carol Cassiani Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephen and Carol Cassiani Family Foundation reported a distributable amount of $314K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stephen and Carol Cassiani Family Foundation's EIN?
Stephen and Carol Cassiani Family Foundation's EIN (Employer Identification Number) is 81-0776857. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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