Isaac & Doris Russo Foundation Inc
Isaac & Doris Russo Foundation Inc is a private foundation focused on Education, based in Woodmere, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 3 grants totaling $30K. Net investment income was $64K.
Isaac & Doris Russo Foundation Inc at a glance
In short: Isaac & Doris Russo Foundation Inc gave $30K across 3 grants in 2025 (avg $10K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $29,700
- -28.3% vs 2024
- Grants made (2025)
- 3
- -40.0% vs 2024
- Average grant
- $9,900
- +19.4% vs 2024
- Median grant
- $4,000
- Total assets
- $1,263,180
- -1.4% vs 2024
- Primary geography
- New York (87% 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 Isaac & Doris Russo Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Sephardic Temple ($24K). Together the top 3 received $30K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Isaac & Doris Russo Foundation Inc gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 82% 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 2021 to 2025, annual grant giving ranged from $11K (2021) to $41K (2024). In 2025 it made 3 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sephardic Temple Cedarhurst, NY | For use by donee organization for the purpose for which they are exempt | $23,700 |
| Temple Israel West Palm Beach, FL | For use by donee organization for the purpose for which they are exempt | $4,000 |
| Friends of Israel Defense Forces New York, NY | For use by donee organization for the purpose for which they are exempt | $2,000 |
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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 | $1,263,180 | $65,286 | $45,437 | $29,700 | 3 | $44,082 | $63,931 | $53,507 |
| 2024 | $1,281,619 | $323,009 | $47,174 | $41,450 | 5 | $43,700 | $319,535 | $20,431 |
| 2023 | $867,042 | $39,406 | $34,265 | $27,700 | 3 | $28,737 | $33,878 | $38,392 |
| 2022 | $941,839 | $27,843 | $28,840 | $24,000 | 3 | $26,200 | $25,203 | $41,094 |
| 2021 | $946,098 | $111,560 | $10,767 | $10,700 | 3 | — | $111,493 | $31,694 |
Under IRS private-foundation payout rules, Isaac & Doris Russo Foundation Inc reported a distributable amount of $54K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Isaac & Doris Russo Foundation Inc is led by Karen Russo-Franco, President on every filing since 2024 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Karen Russo-Franco
President
On filings since 2024
2 hrs/week
No compensation reported
Former officers (1)
- Former: Karen Russo Franco (2021–2023) — President
Data from IRS Form 990 filings, 2021–2025. "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 Isaac & Doris Russo Foundation Inc
How much does Isaac & Doris Russo Foundation Inc give each year?
Isaac & Doris Russo Foundation Inc gave $30K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 5 grants.
What is Isaac & Doris Russo Foundation Inc's typical grant size?
Isaac & Doris Russo Foundation Inc's median grant in 2025 was $4,000, and its average grant was $9,900, across 3 grants on its 2025 IRS Form 990-PF.
Where does Isaac & Doris Russo Foundation Inc give grants?
Isaac & Doris Russo Foundation Inc gives mostly in New York: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (13%).
Does Isaac & Doris Russo Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Isaac & Doris Russo Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is Isaac & Doris Russo Foundation Inc?
Isaac & Doris Russo Foundation Inc reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $54K (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 Isaac & Doris Russo Foundation Inc?
Isaac & Doris Russo Foundation Inc is a private foundation focused on Education, based in Woodmere, NY. It holds $1.3M in total assets as of 2025.
What is Isaac & Doris Russo Foundation Inc's EIN?
Isaac & Doris Russo Foundation Inc's EIN (Employer Identification Number) is 13-6265203. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 8, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 27, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 16, 2026)
- IRS filings on file for fiscal years 2021–2025
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