The Toby Cassels Foundation
The Toby Cassels Foundation is a private foundation, based in Lexington, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $24.7M in total assets. In 2025, it awarded 8 grants totaling $879K. Net investment income was $1.7M.
The Toby Cassels Foundation at a glance
In short: The Toby Cassels Foundation gave $879K across 8 grants in 2025 (avg $110K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $879,250
- -39.0% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $109,906
- -31.4% vs 2024
- Median grant
- $112,500
- Total assets
- $24,686,092
- +12.5% vs 2024
- Primary geography
- South Carolina (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Toby Cassels Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Columbia International University ($221K). Together the top 8 received $879K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was in the $100–250K range: 17 grants of 38 (45%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The Toby Cassels Foundation gives
- Giving fell 51% from 2022 to 2025. Method
- In 2025 it paid out 57% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $126K (2019) to $2.6M (2023). In 2025 it made 8 grants totaling $879K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia International University Columbia, SC | General Support | $221,250 |
| United Way of the Midlands Columbia, SC | Campaign for Good | $200,000 |
| Ezekiel Center Winchester, CA | General Support | $166,000 |
| Haggai International Peachtree Corners, GA | General Support | $150,000 |
| Compassion International Inc Colorado Springs, CO | General Support | $75,000 |
| Emmaus Road Partners Columbia, SC | General Support | $37,000 |
| Child Evangelism Fellowship of South Carolina Columbia, SC | General Support | $25,000 |
| Kingsmen Baseball Inc Columbia, SC | General Support | $5,000 |
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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 | $24,686,092 | $3,761,996 | $1,028,267 | $879,250 | 8 | $879,250 | $1,694,348 | $1,543,738 |
| 2024 | $21,952,363 | $2,025,819 | $1,575,385 | $1,441,500 | 9 | $1,452,965 | $1,927,186 | $1,465,457 |
| 2023 | $21,484,571 | $1,628,245 | $2,733,476 | $2,623,500 | 8 | $2,623,500 | $1,059,115 | $1,374,433 |
| 2022 | $23,045,623 | $733,672 | $1,885,679 | $1,777,333 | 8 | $1,777,333 | $635,486 | $1,444,886 |
| 2021 | $24,209,587 | $823,013 | $492,907 | $395,000 | 5 | $395,000 | $728,527 | $1,580,859 |
| 2020 | $23,881,229 | $2,365,474 | $1,145,997 | $1,067,500 | 2 | — | $407,269 | $1,290,311 |
| 2019 | $22,665,227 | $3,984,339 | $184,312 | $126,000 | 2 | — | $394,495 | $1,026,980 |
Under IRS private-foundation payout rules, The Toby Cassels Foundation reported a distributable amount of $1.5M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Toby Cassels Foundation is led by W. Tobin Cassels III, President & Treasurer on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
W. Tobin Cassels III
President & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Rustin Rae Cassels
Trustee
On filings since 2019
1 hr/week
No compensation reported
J. Russell Burleson Jr.
Assistant Treasurer
On filings since 2019
1 hr/week
No compensation reported
Pat Hook Cassels
Vice President & Secretary
On filings since 2019
1 hr/week
No compensation reported
Wt Cassels Jr.
Assistant Treasurer
On filings since 2019
1 hr/week
No compensation reported
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 Toby Cassels Foundation
How much does The Toby Cassels Foundation give each year?
The Toby Cassels Foundation gave $879K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.4M across 9 grants.
What is The Toby Cassels Foundation's typical grant size?
The Toby Cassels Foundation's median grant in 2025 was $112,500, and its average grant was $109,906, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Toby Cassels Foundation give grants?
The Toby Cassels Foundation gives mostly in South Carolina: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (19%) and Georgia (17%). The most frequent recipient cities were Columbia, SC (5 grants).
Does The Toby Cassels Foundation give general operating support?
Yes: 88% of The Toby Cassels Foundation's 2025 grants with a stated purpose (7 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Toby Cassels Foundation's largest grantees?
The Toby Cassels Foundation's largest 2025 grantees include Columbia International University ($221,250), United Way of the Midlands ($200,000) and Ezekiel Center ($166,000), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is The Toby Cassels Foundation?
The Toby Cassels Foundation reported $24.7M in total assets on its 2025 IRS Form 990-PF. It paid out $879K in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Toby Cassels Foundation's EIN?
The Toby Cassels Foundation's EIN (Employer Identification Number) is 47-2523015. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work The Toby Cassels Foundation funds
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