Michael & Lois Russell Family
Michael & Lois Russell Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELBERTA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $781K in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $65K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$781K
+1.8% YoY
Annual Giving
$50K
+13.6% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$5K
+13.6% YoY
Under IRS private-foundation payout rules, Michael & Lois Russell Family reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael & Lois Russell Family
Based on IRS filings
Michael & Lois Russell Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELBERTA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $781K in total assets. In 2024, it awarded 10 grants totaling $50K. Net investment income was $65K.
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 | $781,432 | $767,550 | $767,105 |
| Revenue | $66,792 | $47,460 | $45,679 |
| Expenses | $52,910 | $47,015 | $47,095 |
| Qualifying Distributions | $50,000 | $44,000 | $44,000 |
| Net Investment Income | $64,542 | $47,460 | $45,679 |
| Distributable Amount | $41,669 | $38,714 | $41,428 |
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
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baldwin Co Sheriff's Boys Ranch ($7,000), Lillian United Methodist Church ($6,000), Lillian Volunteer Fire Dept ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BALDWIN CO SHERIFF'S BOYS RANCH SUMMERDALE, AL | OPERATING FUND | $7,000 |
| LILLIAN PERDIDO BAY LIBRARY LILLIAN, AL | OPERATING FUND | $5,000 |
| LILLIAN RECREATIONAL PARK INC LILLIAN, AL | OPERATING FUND | $5,000 |
| LILLIAN UNITED METHODIST CHURCH LILLIAN, AL | OPERATING FUND | $6,000 |
| LILLIAN VOLUNTEER FIRE DEPT LILLIAN, AL | OPERATING FUND | $6,000 |
| MARY'S SHELTER ELBERTA, AL | OPERATING FUND | $4,000 |
| SOUTH BALDWIN CHRISTIAN CHURCH FOLWY, AL | FOOD PANTRY | $3,000 |
| SALVATION ARMY OF COASTAL ALABAMA MOBILE, AL | OPERATING FUND | $4,000 |
| WORLD WAR II MUSEUM NEW ORLEANS, LA | OPERATING FUND | $5,000 |
| YMCA CAMP FITCH NEW SPRINGFIELD, PA | OPERATING FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL RUSSELL | TRUSTEE | 2 | — |
| LOIS RUSSELL | TRUSTEE | 2 | — |
| TYRONE RUSSELL | TRUSTEE | 2 | — |
| KATHLEEN BODAMER | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael & Lois Russell Family?
Michael & Lois Russell Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELBERTA, AL. It holds $781K in total assets as of 2024.
How large is Michael & Lois Russell Family?
As of 2024, Michael & Lois Russell Family holds $781K in total assets with $67K in annual revenue. It awarded 10 grants totaling $50K in 2024.
Where does Michael & Lois Russell Family operate?
Michael & Lois Russell Family has awarded grants in Alabama, Louisiana, Ohio, Pennsylvania.
What size grants does Michael & Lois Russell Family award?
In 2024, Michael & Lois Russell Family awarded 10 grants totaling $50K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Michael & Lois Russell Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael & Lois Russell Family reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael & Lois Russell Family's EIN?
Michael & Lois Russell Family's EIN (Employer Identification Number) is 34-7084133. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael & Lois Russell Family's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.