The Michael Cascone Jr & Elizabeth
The Michael Cascone Jr & Elizabeth is a private foundation based in Jacksonville, Florida. Its 2025 filing reports grants to charitable organizations, including schools, universities, religious organizations, and community-serving nonprofits.
The Michael Cascone Jr & Elizabeth at a glance
In short: The Michael Cascone Jr & Elizabeth gave $833K across 21 grants in 2025 (avg $40K), mostly in Florida. 19% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $833,052
- +6.8% vs 2024
- Grants made (2025)
- 21
- -4.5% vs 2024
- Average grant
- $39,669
- +11.9% vs 2024
- Median grant
- $5,000
- Total assets
- $9,263,310
- +2.3% vs 2024
- New grantees (estimate)
- 19% first-time grantees (4 of 21, 2025; small sample)
- Primary geography
- Florida (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Michael Cascone Jr & Elizabeth
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 8022 James Island Trail, Jacksonville, FL 32256
Phone: (904) 646-4685
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Michael Cascone Jr & Elizabeth funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bishop Kenny High School ($534K). Together the top 10 received $817K.
Grant Size Distribution
139 grants across all recorded years
The most common grant size was under $50K: 110 grants of 139 (79%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 98% of grant dollars went to recipients in Florida. It also lists recipient shares of 1% each for Vermont, Maryland, and Indiana, and 0% for Louisiana. Jacksonville organizations appear among the largest named recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
States
Cities
Is The Michael Cascone Jr & Elizabeth open to new grantees?
19%
first-time grantees, 2025
In 2025, 4 of 21 grantees (19%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $3K; repeat grants $48K. How we count
Medians: $3K first-time, $5K repeat.
- 81% of 2025 grantees were also funded in 2024. Method
- Giving grew 86% from 2022 to 2025. Method
- In 2025 it paid out 189% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $449K (2022) to $833K (2025). In 2025 it made 21 grants totaling $833K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bishop Kenny High School Jacksonville, FL | General Fund | $533,852 |
| United Way of Northeast FL Jacksonville, FL | General Fund | $75,000 |
| University of North Florida Jacksonville, FL | General Fund | $75,000 |
| Guardian Catholic Schools Jacksonville, FL | General Fund | $50,000 |
| Mayo Clinic Jacksonville, FL | General Fund | $50,000 |
| Holy Family Catholic Church Jacksonville, FL | General Fund | $13,000 |
| Catholic Charities Bureau Inc Jacksonville, FL | General Fund | $5,000 |
| Sisters of Mary World Villages for Children Lanham, MD | General Fund | $5,000 |
| St Michael's College Colchester, VT | General Fund | $5,000 |
| University of Notre Dame Notre Dame, IN | General Fund | $5,000 |
Ready to take the next step with The Michael Cascone Jr & Elizabeth?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $9,263,310 | $892,304 | $841,221 | $833,052 | 21 | $833,052 | $643,474 | $440,465 |
| 2024 | $9,059,420 | $408,180 | $858,993 | $779,799 | 22 | $779,799 | $328,986 | $442,233 |
| 2023 | $9,076,582 | $247,650 | $738,183 | $656,200 | 25 | $656,200 | $183,191 | $446,149 |
| 2022 | $8,859,230 | $660,388 | $564,862 | $448,700 | 31 | $448,700 | $572,129 | $466,206 |
| 2021 | $11,158,833 | $1,361,220 | $715,240 | $603,150 | 40 | $603,150 | $1,262,841 | $535,840 |
| 2020 | $10,830,649 | $745,240 | $555,649 | $463,500 | 37 | — | $660,639 | $483,491 |
| 2019 | $9,789,950 | $536,366 | $565,390 | $472,900 | 39 | — | $303,403 | $459,879 |
Under IRS private-foundation payout rules, The Michael Cascone Jr & Elizabeth reported a distributable amount of $440K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its reported 2025 grants went to organizations including Bishop Kenny High School, the University of North Florida, United Way of Northeast Florida, Guardian Catholic Schools, and Mayo Clinic.
Among its other 2025 grantees, Girls Inc. of Sarasota County says it serves girls ages 5–24 with research-based programming, mentors, and opportunities intended to foster leadership, personal development, and academic success. Jacksonville University describes its mission as empowering students’ lifelong growth as global citizens through an innovative educational experience and community-centered service.
Grantmaking
In 2025, the foundation reported 21 grants totaling $833,052. Grant amounts ranged from $500 to $533,852, with a median grant of $5,000. The largest reported grants included $533,852 to Bishop Kenny High School, $75,000 each to United Way of Northeast Florida and the University of North Florida, and $50,000 each to Guardian Catholic Schools and Mayo Clinic. Each was listed for the general fund.
Other reported 2025 grants included $13,000 to Holy Family Catholic Church; $5,000 each to Catholic Charities Bureau, Sisters of Mary World Villages for Children, St. Michael’s College, University of Notre Dame, and WJCT Television and Radio; and $2,500 to UNF Foundation. Girls Inc. of Sarasota County received $2,000, and Jacksonville University received $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists these directors: Elizabeth B Cascone, Michael Cascone Jr, Steven D Cascone, Elizabeth C Higgs, Juliette C Gredenhag, Kathleen D Cascone, and Michael J Cascone.
The Michael Cascone Jr & Elizabeth's 2025 filing lists 7 officers; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth B. Cascone
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Elizabeth C. Higgs
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Juliette C. Gredenhag
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Michael Cascone Jr.
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Michael J. Cascone
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Steven D. Cascone
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Kathleen D. Cascone
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Kathleen C. Kilbane (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Michael Cascone Jr & Elizabeth
How much does The Michael Cascone Jr & Elizabeth give each year?
The Michael Cascone Jr & Elizabeth gave $833K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $780K across 22 grants.
What is The Michael Cascone Jr & Elizabeth's typical grant size?
The Michael Cascone Jr & Elizabeth's median grant in 2025 was $5,000, and its average grant was $39,669, across 21 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Michael Cascone Jr & Elizabeth that year got $3K on average.
Where does The Michael Cascone Jr & Elizabeth give grants?
The Michael Cascone Jr & Elizabeth gives mostly in Florida: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Jacksonville, FL (15 grants).
Does The Michael Cascone Jr & Elizabeth give general operating support?
Yes: 100% of The Michael Cascone Jr & Elizabeth's 2025 grants with a stated purpose (21 of 21) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Michael Cascone Jr & Elizabeth's largest grantees?
The Michael Cascone Jr & Elizabeth's largest 2025 grantees include Bishop Kenny High School ($533,852), United Way of Northeast FL ($75,000) and University of North Florida ($75,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is The Michael Cascone Jr & Elizabeth?
The Michael Cascone Jr & Elizabeth reported $9.3M in total assets on its 2025 IRS Form 990-PF. It paid out $833K in qualifying distributions that year, against a required minimum of $440K (roughly 5% of its investment assets).
What does The Michael Cascone Jr & Elizabeth fund?
No mission statement for the foundation is provided. Its reported 2025 grants went to organizations including Bishop Kenny High School, the University of North Florida, United Way of Northeast Florida, Guardian Catholic Schools, and Mayo Clinic. See mission & focus areas ↑
How do I apply for a grant from The Michael Cascone Jr & Elizabeth?
The foundation states that 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 ↑
What is The Michael Cascone Jr & Elizabeth's EIN?
The Michael Cascone Jr & Elizabeth's EIN (Employer Identification Number) is 59-7246237. IRS Form 990 filing data is available on this page for 2019–2025.
Does The Michael Cascone Jr & Elizabeth accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
Live grants for the work The Michael Cascone Jr & Elizabeth funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Michael Cascone Jr & Elizabeth's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Michael Cascone Jr & Elizabeth funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/the-michael-cascone-jr-and-elizabeth-morg_ea5ed4b6a13549208e0569e6f3a0ff78
BibTeX
@misc{grantable_597246237_2026,
author = {{Grantable}},
title = {{The Michael Cascone Jr \& Elizabeth funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-michael-cascone-jr-and-elizabeth-morg_ea5ed4b6a13549208e0569e6f3a0ff78},
note = {Accessed 2026-10-19. 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 The Michael Cascone Jr & Elizabeth'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.
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