Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr
The Peter & Mary Russo Family Foundation Inc is a private foundation based in Surf City, New Jersey. Its 2024 grants went to organizations including medical research and treatment providers, educational institutions, and nonprofits working in areas such as cancer support, Coast Guard family services, environmental protection, and food and nutrition services.
Key facts about Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr
In short: Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr gave $625K across 25 grants in 2024 (avg $25K), top state California. Source: 2024 IRS Form 990-PF.
- EIN
- 03-0422500
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $625,000
- Grants made (2024)
- 25
- Average grant
- $25,000
- Median grant
- $20,000
- Total assets
- $17,826,955
- Primary geography
- California (31% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.8M
+10.9% YoY
Annual Giving
$625K
+5.0% YoY
Grant Count
25
-3.8% YoY
Avg Grant Size
$25K
+9.2% YoY
How Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr gives
- Giving held roughly steady from 2021 to 2024 (−5%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No formal mission statement is provided. The 2024 grants show support for organizations engaged in medical research and treatment, scholarships and education, and general operations. They also include organizations working in cancer support, environmental protection, Coast Guard family services, and meal and nutrition services.
These are grantees’ missions, not the foundation’s: Hoag Hospital Foundation raises funds for Hoag Memorial Hospital Presbyterian; Augie’s Quest to Cure ALS works to advance ALS research; and Food & Friends provides meals, groceries, and nutrition counseling to people with serious illnesses. The California State Parks Foundation describes its work as protecting and preserving the state park system, while the Center for Biological Diversity works to protect species and the lands, waters, and climate they need to survive.
Grantmaking
In filing year 2024, the foundation reported 25 grants totaling $625,000. Grants ranged from $5,000 to $100,000, with a median grant of $20,000. Among the largest were $100,000 to St. Jude Children’s Hospital for research and treatment; $65,000 to The Barack Obama Foundation for operations; and $50,000 each to Hoag Hospital Foundation for research and treatment and Physicians Committee for Responsible Medicine for research and operations. Other grants included $32,000 to The College of New Jersey Foundation for scholarship endowment funding and $30,000 each to Georgetown University for a scholarship endowment and Augie’s Quest to Cure ALS for research and operations.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr?
Geographic Focus
Where this funder awards grants
The foundation is based in Surf City, New Jersey, and its 2024 grants went to recipients in multiple states and Washington, DC. By share of 2024 grant dollars, California received 31%, Tennessee 16%, Washington, DC 15%, New Jersey 12%, and Illinois 10%.
Grant Distribution by State
Share of 2024 grant dollars across all 25 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $595K (2023) to $688K (2020). In 2024 it made 25 grants totaling $625K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
143 grants across all recorded years
The most common grant size was under $50K: 129 grants of 143 (90%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 25 grants to individuals Recipients not named | — | $625,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $17,826,955 | $1,145,702 | $871,892 | $625,000 |
| 2023 | $16,068,033 | $1,263,282 | $821,819 | $595,000 |
| 2022 | $13,120,614 | $823,363 | $957,916 | $640,000 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,826,955 | $16,068,033 | $13,120,614 |
| Revenue | $1,145,702 | $1,263,282 | $823,363 |
| Expenses | $871,892 | $821,819 | $957,916 |
| Qualifying Distributions | $625,000 | $595,000 | $640,000 |
| Net Investment Income | $898,810 | $1,042,581 | $539,046 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Peter J Russo Jr as President, and Marianne Nahin and Nancy McDevitt as Vice Presidents.
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr is led by Peter J. Russo Jr., President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Peter J. Russo Jr.
President
On filings since 2020
30 hrs/week
$76K (2021) → $80K (2024)
Marianne Nahin
Vice President
On filings since 2020
1 hr/week
No compensation reported
Nancy McDevitt
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $80K, to Peter J Russo Jr (President).
Contact
Mailing address: 42 N 5Th Street, Surf City, NJ 08008
Phone: (609) 384-5239
Frequently asked questions about Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr
How much does Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr give each year?
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr gave $625K across 25 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $595K across 26 grants.
What is Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's typical grant size?
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's median grant in 2024 was $20,000, and its average grant was $25,000, across 25 grants on its 2024 IRS Form 990-PF.
Where does Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr give grants?
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's top state is California, with 31% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Tennessee (16%) and District of Columbia (15%).
Does Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr give general operating support?
Not in 2024: none of the 25 grants with a stated purpose on Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Funding of Operations" (13 grants).
How large is Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr?
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr reported $17.8M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $1.1M.
What does Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr fund?
No formal mission statement is provided. The 2024 grants show support for organizations engaged in medical research and treatment, scholarships and education, and general operations. See mission & focus areas ↑
How do I apply for a grant from Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's EIN?
Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr's EIN (Employer Identification Number) is 03-0422500. IRS Form 990 filing data is available on this page for 2020–2024.
Does Peter & Mary Russo Family Foundation Inc Co Peter J Russo Jr accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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