Michael and Loretta Russo Fdn Inc
Michael and Loretta Russo Fdn Inc is a private foundation focused on Human Services, based in Sarasota, FL. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $5K. Net investment income was $556.
Michael and Loretta Russo Fdn Inc at a glance
In short: Michael and Loretta Russo Fdn Inc gave $5K across 1 grant in 2025 (avg $5K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,515
- -92.1% vs 2024
- Grants made (2025)
- 1
- -75.0% vs 2024
- Average grant
- $4,515
- -68.3% vs 2024
- Median grant
- $4,515
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Michael and Loretta Russo Fdn Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was St Martha Catholic Church ($5K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Michael and Loretta Russo Fdn Inc gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2021) to $57K (2024). In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Martha Catholic Church Sarasota, FL | Contribution | $4,515 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $565 | $8,974 | $4,515 | 1 | $8,965 | $556 | $209 |
| 2024 | $8,409 | $6,206 | $57,036 | $57,000 | 4 | $57,036 | $645 | $699 |
| 2023 | $59,239 | $2,606 | $16,552 | $10,000 | 1 | $16,552 | $2,606 | $3,587 |
| 2022 | $73,185 | $1,505 | $3,043 | — | — | $3,000 | $1,505 | $4,009 |
| 2021 | $74,723 | $20,831 | $3,628 | $2,116 | 2 | $3,616 | $831 | $3,789 |
| 2020 | $57,520 | $833 | $1,031 | — | — | — | $833 | $2,986 |
| 2019 | $57,718 | $1,893 | $5,636 | $5,636 | 1 | — | $1,643 | $1,561 |
Under IRS private-foundation payout rules, Michael and Loretta Russo Fdn Inc reported a distributable amount of $209 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael and Loretta Russo Fdn Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward Russo
Trustee
On filings since 2019
1 hr/week
No compensation reported
John O. McManus
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Veda S. Milin
Trustee
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Onofrio Louis Russo (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Michael and Loretta Russo Fdn Inc
How much does Michael and Loretta Russo Fdn Inc give each year?
Michael and Loretta Russo Fdn Inc gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $57K across 4 grants.
What is Michael and Loretta Russo Fdn Inc?
Michael and Loretta Russo Fdn Inc is a private foundation focused on Human Services, based in Sarasota, FL.
Where does Michael and Loretta Russo Fdn Inc operate?
Michael and Loretta Russo Fdn Inc has awarded grants in Florida, New Jersey.
How much is Michael and Loretta Russo Fdn Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Michael and Loretta Russo Fdn Inc reported a distributable amount of $209 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael and Loretta Russo Fdn Inc's EIN?
Michael and Loretta Russo Fdn Inc's EIN (Employer Identification Number) is 82-3721645. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Michael and Loretta Russo Fdn Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Michael and Loretta Russo Fdn Inc's focus areas in our free grants database
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