Maggie and Earl Russell Foundation
Maggie and Earl Russell Foundation is a private foundation, based in LAGUNA BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 18 grants totaling $172K. Net investment income was $68K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-5.5% YoY
Annual Giving
$172K
+9.9% YoY
Grant Count
18
+20.0% YoY
Avg Grant Size
$10K
-8.4% YoY
Under IRS private-foundation payout rules, Maggie and Earl Russell Foundation reported a distributable amount of $221K for 2024 — the minimum it must pay out in qualifying distributions.
About Maggie and Earl Russell Foundation
Based on IRS filings
Maggie and Earl Russell Foundation is a private foundation, based in LAGUNA BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 18 grants totaling $172K. Net investment income was $68K.
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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 | $2,348,500 | $2,485,503 | $2,610,747 |
| Revenue | $84,493 | $77,546 | $-74,433 |
| Expenses | $221,496 | $202,790 | $219,543 |
| Qualifying Distributions | $201,413 | $175,930 | $185,287 |
| Net Investment Income | $67,786 | $63,906 | $64,425 |
| Distributable Amount | $221,288 | $186,759 | $184,329 |
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
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Net-Works Laguna Beach ($43,500), ARCS Foundation LA Founder Chapter ($35,000), CRU - Campus Crusade ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARCS Foundation LA Founder Chapter Torrance, CA | To support scholar awards to academically outstanding citizens | $35,000 |
| Boys & Girls Club of Laguna Beach Laguna Beach, CA | To support the organization that helps young people to reach their full potential | $5,000 |
| Doctors Without Borders New York, NY | To support the organization that provides medical care to people affected by conflict & disasters | $3,500 |
| Foundation Think Again Los Angeles, CA | To support rehabilitation therapies to children severely affected by cancer and brain tumors | $5,000 |
| Free Wheelchair Mission Irvine, CA | To provide wheelchairs to people with disabilities in developing countries | $5,000 |
| Kings Academy Laguna Niguel, CA | To support college preparatory K-12 Christian education | $5,000 |
| Laguna Food Pantry Laguna Beach, CA | To support the organization that offers free groceries to families and individuals in need | $5,000 |
| Make-a-Wish Foundation Los Angeles, CA | To support the organization that changes lives of children that go through hardship | $5,000 |
| Mercy Ships Garden Valley, TX | To support hospital ships that cure world's forgotten poor | $5,000 |
| Muriel's Angels Mission Viejo, CA | To support organization that provides funding for the special needs of children with physical and mental disabilities | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Keitha Russell | Chief Executive Officer | 1 | — |
| Kent Russell | Secretary/CFO | 1 | — |
Frequently Asked Questions
How large is Maggie and Earl Russell Foundation?
As of 2024, Maggie and Earl Russell Foundation holds $2.3M in total assets with $84K in annual revenue. It awarded 18 grants totaling $172K in 2024.
Where does Maggie and Earl Russell Foundation operate?
Maggie and Earl Russell Foundation has awarded grants in Arizona, California, Delaware, Florida, North Carolina, New Hampshire, New York, Texas.
What size grants does Maggie and Earl Russell Foundation award?
In 2024, Maggie and Earl Russell Foundation awarded 18 grants totaling $172K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Maggie and Earl Russell Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Maggie and Earl Russell Foundation reported a distributable amount of $221K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Maggie and Earl Russell Foundation's EIN?
Maggie and Earl Russell Foundation's EIN (Employer Identification Number) is 95-4078318. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Maggie and Earl Russell Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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