Isaac & Doris Russo Foundation Inc is a private foundation focused on Education, based in WOODMERE, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $41K. Net investment income was $320K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+47.8% YoY
Annual Giving
$41K
+49.6% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$8K
-10.2% YoY
Under IRS private-foundation payout rules, Isaac & Doris Russo Foundation Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Isaac & Doris Russo Foundation Inc
Based on IRS filings
Isaac & Doris Russo Foundation Inc is a private foundation focused on Education, based in WOODMERE, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $41K. Net investment income was $320K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,281,619 | $867,042 | $941,839 |
| Revenue | $323,009 | $39,406 | $27,843 |
| Expenses | $47,174 | $34,265 | $28,840 |
| Qualifying Distributions | $43,700 | $28,737 | $26,200 |
| Net Investment Income | $319,535 | $33,878 | $25,203 |
| Distributable Amount | $20,431 | $38,392 | $41,094 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sephardic Temple ($24,200), Temple Israel ($5,250), American Friends of Magen David Adom ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Federation of Palm Beach West Palm Beach, FL | FOR USE BY DONEE ORGANIZATION FOR THE PURPOSE FOR WHICH THEY ARE EXEMPT | $2,000 |
| Sephardic Temple Cedarhurst, NY | FOR USE BY DONEE ORGANIZATION FOR THE PURPOSE FOR WHICH THEY ARE EXEMPT | $24,200 |
| Temple Israel West Palm Beach, FL | FOR USE BY DONEE ORGANIZATION FOR THE PURPOSE FOR WHICH THEY ARE EXEMPT | $5,250 |
| American Friends of Magen David Adom New York, NY | FOR USE BY DONEE ORGANIZATION FOR THE PURPOSE FOR WHICH THEY ARE EXEMPT | $5,000 |
| United Jewish Appeal New York, NY | FOR USE BY DONEE ORGANIZATION FOR THE PURPOSE FOR WHICH THEY ARE EXEMPT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Karen Russo-Franco | President | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 2024.
How large is Isaac & Doris Russo Foundation Inc?
As of 2024, Isaac & Doris Russo Foundation Inc holds $1.3M in total assets with $323K in annual revenue. It awarded 5 grants totaling $41K in 2024.
Where does Isaac & Doris Russo Foundation Inc operate?
Isaac & Doris Russo Foundation Inc has awarded grants in Florida, New York.
What size grants does Isaac & Doris Russo Foundation Inc award?
In 2024, Isaac & Doris Russo Foundation Inc awarded 5 grants totaling $41K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Isaac & Doris Russo Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Isaac & Doris Russo Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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