Peter & Mary Russo Family Foundation Inc
The Peter & Mary Russo Family Foundation Inc is a private independent family foundation established in 2004 and located in Surf City, New Jersey. The foundation primarily funds the operations of other organizations, with a focus on research and treatment initiatives, as well as the humane care of animals.
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
Mission & Focus Areas
The foundation has not provided a formal mission statement. However, based on grantmaking activity, primary funding areas include:
- Research and treatment (particularly medical research)
- Animal welfare and humane care
- General organizational operations support
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation operates from Surf City, New Jersey and funds organizations nationally, including institutions in Tennessee (St Jude Children's Research Hospital) and California (Hoag Hospital Foundation).
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $17,826,955
- Total Revenues: $1,145,702
- Total Expenses: $871,892
- Number of Employees: 0
Organization Details
- EIN: 03-0422500
- IRS Ruling Year: 2002
- NTEE Code: T22 (Private Independent Foundations)
- IRS Filing Requirement: Form 990-PF
| 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 |
| Distributable Amount | — | — | — |
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
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Peter J Russo - President (Compensation: $73,062 as of November 2024)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER J RUSSO JR | President | 30 | $80,231 |
| MARIANNE NAHIN | Vice President | 1 | — |
| NANCY MCDEVITT | Vice President | 1 | — |
Contact Information
Address: 42 N 5th St, Surf City, NJ 08008-5276
Telephone: 609-384-5239
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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