Richard B Russell Foundation Inc
Richard B Russell Foundation Inc is a private foundation focused on Education, based in Orlando, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.6M in total assets. In 2025, it awarded 1 grant totaling $298K. Net investment income was $241K.
Richard B Russell Foundation Inc at a glance
In short: Richard B Russell Foundation Inc gave $298K across 1 grant in 2025 (avg $298K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $297,500
- +2.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $297,500
- +2.8% vs 2024
- Median grant
- $297,500
- Total assets
- $6,640,662
- -1.2% vs 2024
- Primary geography
- Georgia (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 Richard B Russell Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Georgia Foundation ($298K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (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 Richard B Russell Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $255K (2020) to $335K (2022). In 2025 it made 1 grant totaling $298K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Georgia Foundation Athens, GA | General Operating | $297,500 |
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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 | $6,640,662 | $275,824 | $358,961 | $297,500 | 1 | $300,040 | $240,674 | $337,201 |
| 2024 | $6,722,061 | $1,700,789 | $327,475 | $289,500 | 1 | $292,040 | $1,667,284 | $299,795 |
| 2023 | $5,348,964 | $-50,020 | $335,755 | $298,000 | 1 | $300,540 | $131,048 | $291,665 |
| 2022 | $5,735,673 | $626,441 | $379,665 | $334,998 | 1 | $337,563 | $587,028 | $300,369 |
| 2021 | $5,490,454 | $511,266 | $314,543 | $275,967 | 1 | $278,507 | $476,658 | $337,538 |
| 2020 | $5,294,424 | $223,792 | $317,399 | $255,045 | 1 | — | $205,238 | $289,994 |
Under IRS private-foundation payout rules, Richard B Russell Foundation Inc reported a distributable amount of $337K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard B Russell Foundation Inc is led by Hugh Peterson, Chairman on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Hugh Peterson
Chairman
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Richard B Russell Foundation Inc
How much does Richard B Russell Foundation Inc give each year?
Richard B Russell Foundation Inc gave $298K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $290K across 1 grant.
How large is Richard B Russell Foundation Inc?
Richard B Russell Foundation Inc reported $6.6M in total assets on its 2025 IRS Form 990-PF. It paid out $300K in qualifying distributions that year, against a required minimum of $337K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Richard B Russell Foundation Inc?
Richard B Russell Foundation Inc is a private foundation focused on Education, based in Orlando, FL. It holds $6.6M in total assets as of 2025.
Where does Richard B Russell Foundation Inc operate?
Richard B Russell Foundation Inc has awarded grants in Georgia.
What is Richard B Russell Foundation Inc's EIN?
Richard B Russell Foundation Inc's EIN (Employer Identification Number) is 23-7075206. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
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