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Also known as: MARIE-LOUISE & STEPHEN KASNET TRUSTEES
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Kasnet Fam Foundation Trust is a private trust based in MANCHESTER, MA. The foundation received its IRS ruling in 2003. The principal officer is Stephen Kasnet. It holds total assets of $77K. Annual income is reported at $12K. Total assets have decreased from $160K in 2011 to $90K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Massachusetts and Rhode Island. According to available records, Kasnet Fam Foundation Trust has made 5 grants totaling $11K, with a median grant of $3K. Annual giving has grown from $500 in 2021 to $2K in 2023. Grantmaking activity was highest in 2022 with $9K distributed across 3 grants. Individual grants have ranged from $500 to $3K, with an average award of $2K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$6K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Kasnet Fam Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in MA.
Kasnet Fam Foundation Trust has distributed a total of $11K across 5 grants. The median grant size is $3K, with an average of $2K. Individual grants have ranged from $500 to $3K.
Kasnet Fam Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Kasnet Fam Foundation Trust is headquartered in MANCHESTER, MA. The foundation primarily funds organizations in Massachusetts, Rhode Island.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen G Kasnet | TRUSTEE | $0 | $0 | N/A |
| Marie-Louise Kasnet | TRUSTEE | $0 | $0 | N/A |
Total Giving
$5K
Total Assets
$90K
Fair Market Value
$201K
Net Worth
$90K
Grants Paid
$2K
Contributions
N/A
Net Investment Income
$4K
Distribution Amount
$9K
Total: $45K
Total Grants
5
Total Giving
$11K
Average Grant
$2K
Median Grant
$3K
Unique Recipients
4
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Peabody Essex MuseumPRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | Salem, MA | $2K | 2023 |
| East India Marine AssociatesPRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | Salem, MA | $3K | 2022 |
| New England Baptist HospitalPRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | Boston, MA | $3K | 2022 |
| Emmanuel ChurchPRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | Boston, MA | $500 | 2021 |