Josephine G Russell Trust
The Josephine G Russell Trust is a private foundation established in 1972 and based in Andover, Massachusetts. It operates as a 501(c)(3) organization dedicated to supporting charitable, educational, and social service initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.0M
-1.3% YoY
Annual Giving
$469K
-1.3% YoY
Grant Count
43
+0.0% YoY
Avg Grant Size
$11K
-1.3% YoY
Under IRS private-foundation payout rules, Josephine G Russell Trust reported a distributable amount of $484K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Trust's mission is to support "the care of the sick and injured, the relief and aid of the poor, the training and education of the young or in any other manner of social service in the City of Lawrence."
Primary funding areas include:
- Education
- Health
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
Funding applicant organizations occurs once each year in the spring. Applications are due by January 31 of each calendar year.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Trust primarily funds organizations in Massachusetts, New Hampshire, and Maine, with a particular emphasis on the City of Lawrence, Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $9,021,015
- Total Revenue: $538,378
- Total Expenses: $656,997
- Total Giving: $469,125
Revenue Sources (2024):
- Investment income and dividends: $374,740
- Net gain from sale of non-inventory assets: $163,638
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,021,015 | $9,139,634 | $9,346,820 |
| Revenue | $538,378 | $433,578 | $-70,833 |
| Expenses | $656,997 | $640,764 | $677,799 |
| Qualifying Distributions | $518,769 | $521,777 | $551,524 |
| Net Investment Income | $400,150 | $307,300 | $200,752 |
| Distributable Amount | $483,748 | $443,529 | $467,306 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
213 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lawrence General Hospital ($40,000), Lazarus House ($35,000), Food for the World Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN MOUNTAIN CLUB BOSTON, MA | CHARITY | $10,000 |
| BEYOND SOCCER LAWRENCE, MA | CHARITY | $5,000 |
| BLESSED STEPHEN BELLESINI OSA ACADEMY LAWRENCE, MA | EDUCATION | $12,500 |
| BOYS & GIRLS CLUB OF LAWRENCE LAWRENCE, MA | CHARITY | $15,000 |
| BREAD & ROSES LAWRENCE, MA | CHARITY | $19,000 |
| BREAD & ROSES HERITAGE COMMITTEE LAWRENCE, MA | CHARITY | $2,500 |
| BREAD & ROSES HOUSING LAWRENCE, MA | CHARITY | $15,000 |
| BROOKS SCHOOL NORTH ANDOVER, MA | EDUCATION | $12,000 |
| CATIE'S CLOSET DRACUT, MA | CHARITY | $5,000 |
| CENTRAL CATHOLIC HIGH SCHOOL LAWRENCE, MA | EDUCATION | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Marsha E. Rich serves as a key contact for the Trust.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARSHA E RICH ESQ | TRUSTEE | 10 | $7,500 |
| EILEEN M KHOURY | TRUSTEE | 10 | $7,500 |
| JOHN T POLLANOESQ | TRUSTEE | 10 | $7,500 |
| REV CHRISTOPHER CASEY | TRUSTEE | 10 | $7,500 |
| MATTHEW A KRAUNELIS | TRUSTEE | 10 | $7,500 |
Contact Information
Address: 9 Bartlet Street, Suite 343 Andover, MA 01810
Email: russelltrust@yahoo.com
EIN: 04-2136910
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Josephine G Russell Trust fund?
The Trust's mission is to support "the care of the sick and injured, the relief and aid of the poor, the training and education of the young or in any other manner of social service in the City of Lawrence." Primary funding areas include: • Education • Health • Human Services • Philanthropy, Voluntarism & Grantmaking
How do I apply for a grant from Josephine G Russell Trust?
**Grant Activity:** • Made 45 grants in 2024 • Total giving in 2024: $469,125 • Typical award range: $25,000–$40,000 **Recent Grantees (2024):** • Lawrence General Hospital ($40,000) • Food For The World ($25,000) • Notre Dame Cristo Rey High School ($25,000) **Application Process:** Funding applicant organizations occurs once each year in the spring. Applications are due by January 31 of each calendar year.
Where does Josephine G Russell Trust make grants?
The Trust primarily funds organizations in Massachusetts, New Hampshire, and Maine, with a particular emphasis on the City of Lawrence, Massachusetts.
What size grants does Josephine G Russell Trust award?
In 2024, Josephine G Russell Trust awarded 43 grants totaling $469K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Josephine G Russell Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Josephine G Russell Trust reported a distributable amount of $484K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Josephine G Russell Trust's EIN?
Josephine G Russell Trust's EIN (Employer Identification Number) is 04-2136910. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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