The Toby Cassels Foundation

Private foundation · Grantmaker Lexington, SC EIN: 47-2523015

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.

Key facts about The Toby Cassels Foundation

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.

EIN
47-2523015
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$879,250
Grants made (2025)
8
Average grant
$109,906
Median grant
$112,500
Total assets
$24,686,092
Primary geography
South Carolina (56% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$24.7M

+12.5% YoY

Annual Giving

$879K

-39.0% YoY

Grant Count

8

-11.1% YoY

Avg Grant Size

$110K

-31.4% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2025 grant dollars across all 8 itemized grants.

Cities

ColumbiaCharlestonDallasColorado SpringsAmericusAuburnBooneHighlands RanchNewberryOrlandoPeachtree CornersSulphurWinchester

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M2 grants2019 2 grants2020 5 grants2021 8 grants2022 8 grants2023 9 grants2024 8 grants2025

From 2019 to 2025, annual grant giving ranged from $126K (2019) to $2.6M (2023). In 2025 it made 8 grants totaling $879K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Columbia International University: $221KColumbia InternationalUniversity$221KUnited Way of the Midlands: $200KUnited Way of the Midlands$200KEzekiel Center: $166KEzekiel Center$166KHaggai International: $150KHaggai International$150KCompassion International Inc: $75KCompassion International Inc$75KEmmaus Road Partners: $37KEmmaus Road Partners$37KChild Evangelism Fellowship of South Carolina: $25KChild Evangelism Fellowship ofSouth Carolina$25KKingsmen Baseball Inc: $5KKingsmen Baseball Inc$5K

The largest 2025 recipient was Columbia International University ($221K). Together the top 8 received $879K.

Grant Size Distribution

38 grants across all recorded years

8<$50K4$50–100K17$100–250K8$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $100–250K range: 17 grants of 38 (45%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Columbia International University Columbia, SCGeneral Support$221,250
United Way of the Midlands Columbia, SCCampaign for Good$200,000
Ezekiel Center Winchester, CAGeneral Support$166,000
Haggai International Peachtree Corners, GAGeneral Support$150,000
Compassion International Inc Colorado Springs, COGeneral Support$75,000
Emmaus Road Partners Columbia, SCGeneral Support$37,000
Child Evangelism Fellowship of South Carolina Columbia, SCGeneral Support$25,000
Kingsmen Baseball Inc Columbia, SCGeneral Support$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$24,686,092$21,952,363$21,484,571
Revenue$3,761,996$2,025,819$1,628,245
Expenses$1,028,267$1,575,385$2,733,476
Qualifying Distributions$879,250$1,452,965$2,623,500
Net Investment Income$1,694,348$1,927,186$1,059,115
Distributable Amount$1,543,738$1,465,457$1,374,433

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 11, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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.

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