Maurice and Lena Russo Family

NEW YORK, NY EIN: 47-2477939

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$371K

-10.0% YoY

Grant Count

69

-45.2% YoY

Avg Grant Size

$5K

+64.4% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The foundation is an active grantmaker, distributing grants across numerous organizations. In 2023, the foundation made 38 grants totaling approximately $206,979 in charitable contributions. Recent grantees include:

Grant Range

s typically range from $14 to $90,000, with average awards in the mid-range of this spectrum.

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Geographic Focus

Where this funder awards grants

The foundation supports a wide range of cities and states across the United States, including major urban centers such as New York, Los Angeles, and Chicago, as well as smaller communities. Geographic areas of activity include Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

Grant Distribution by State

21states
+13 more states

Cities

ATLANTAAlexandriaArlingtonAtlantaBROOKLYNBayShoreBayshoreBerkeleyBerkleyBostonBronxBrooklynCARVERSVILLECEDARHURSTCHEVY CHASECHICAGOCLARKSBURGCLIFTONCOLLEGE PARKCedarhurst

Financial History

Multi-year comparison from IRS filings

As of December 31, 2023:

  • Total Assets: $10,003,010
  • Total Revenues: $316,990
  • Total Expenses: $436,663
  • Investment Income and Dividends: $316,990 (representing a 25.8% increase from 2022's $252,038)

As of most recent filing (2024):

  • Total Assets: $9,932,214
  • Total Giving: $371,392
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$103K$206K$309K$412K56 grants202098 grants2021127 grants2022126 grants202369 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

AMERICAN JEWISH COMMITTE…$90KAMERICAN JEWISH COMMITTE…$23KCOLEL CHABAD$15KFRIENDS OF ISRAEL DEFENS…$15KASSOCIATION OF FRIENDS O…$12KGABRIELLE'S ANGEL FOUNDA…$8KAJC (THE JEWISH COMMUNIT…$8KGLOBAL LYME ALLIANCE$8KJTCC TENNIS GALA$7KAMERICAN FRIENDS OF TURK…$5K

Grant Size Distribution

250 grants across all recorded years

249<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Jewish Committee (kastoria Monument Project) ($90,000), American Jewish Committee (for the Jewish Museum of Thessaloniki) ($23,000), Colel Chabad ($15,000).

RecipientPurposeAmount
ACTION AGAINST HUNGER NEW YORK, NYCHARITABLE CONTRIBUTION$2,400
AMERICAN COMMITTEE FOR SHAARE ZEDEK MEDICAL CENTER IN JERUSALEM NEW YORK, NYCHARITABLE CONTRIBUTION$2,600
AJC (THE JEWISH COMMUNITY OF THESSALONIKI) PHILADELPHIA, PACHARITABLE CONTRIBUTION$7,500
AMERICAN FRIENDS OF MEIR PANIM BROOKLYN, NYCHARITABLE CONTRIBUTION$2,000
AMERICAN FRIENDS OF RAMBAM MEDICAL CENTER NEW YORK, NYCHARITABLE CONTRIBUTION$2,500
AMERICAN FRIENDS OF SHEBA MEDICAL CENTER- TEL HASHOMER INC NEW YORK, NYCHARITABLE CONTRIBUTION$2,600
AMERICAN FRIENDS OF THE JEWISH MUSEUM OF GREECE NEW YORK, NYCHARITABLE CONTRIBUTION$1,800
AMERICAN FRIENDS OF TURKISH JEWRY NEW YORK, NYCHARITABLE CONTRIBUTION$5,000
AMERICAN SEPHARDI FEDERATION NEW YORK, NYCHARITABLE CONTRIBUTION$2,600
AMERICAN JEWISH COMMITTEE (KASTORIA MONUMENT PROJECT) PHILADELPHIA, PACHARITABLE CONTRIBUTION$90,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is managed by three directors who serve without compensation:

  • Albert V. Russo
  • Clifton Russo
  • Lawrence Russo

Each director contributes 5 hours of service to the foundation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
ALBERT V RUSSODIRECTOR5
CLIFTON RUSSODIRECTOR5
LAWRENCE RUSSODIRECTOR5

Contact Information

Address: 401 Broadway, Suite 1712 New York, NY 10013

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

How do I apply for a grant from Maurice and Lena Russo Family?

The foundation is an active grantmaker, distributing grants across numerous organizations. In 2023, the foundation made 38 grants totaling approximately $206,979 in charitable contributions. Recent grantees include: • Friends of the Israel Defense Forces ($15,000) • Colel Chabad ($15,000) • Kehila Kedosha Janina Preservation and Cultural Fund ($13,500) • American Friends of Wingate Institute The foundation appears to be open to new applicants, with a reported 12% funding rate for new applicants…

Where does Maurice and Lena Russo Family make grants?

The foundation supports a wide range of cities and states across the United States, including major urban centers such as New York, Los Angeles, and Chicago, as well as smaller communities. Geographic areas of activity include Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

What size grants does Maurice and Lena Russo Family award?

In 2024, Maurice and Lena Russo Family awarded 69 grants totaling $371K — an average of about $5K per grant, based on its IRS Form 990 filings.

What is Maurice and Lena Russo Family's EIN?

Maurice and Lena Russo Family's EIN (Employer Identification Number) is 47-2477939. IRS Form 990 filing data is available on this page for 2020–2024.

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Related Funders

Similar funders by location and focus area

Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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