Russell & Costello Family Foundation
Russell & Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306K in total assets. In 2024, it awarded 12 grants totaling $52K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$306K
-6.4% YoY
Annual Giving
$52K
+19.6% YoY
Grant Count
12
-36.8% YoY
Avg Grant Size
$4K
+89.4% YoY
Under IRS private-foundation payout rules, Russell & Costello Family Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
About Russell & Costello Family Foundation
Based on IRS filings
Russell & Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306K in total assets. In 2024, it awarded 12 grants totaling $52K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $306,052 | $327,001 | $399,615 |
| Revenue | $42,732 | $-18,248 | $45,233 |
| Expenses | $63,708 | $54,330 | $47,024 |
| Qualifying Distributions | $55,565 | $46,450 | $37,432 |
| Net Investment Income | $26,015 | $8,818 | $37,253 |
| Distributable Amount | $40,834 | $36,932 | $38,951 |
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
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include San Diego Rescue Mission ($33,250), Solana Beach Presyterian Church ($10,600), St Benedict's Preparatory Schoool ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOPS SCHOOL LA JOLLA, CA | GENERAL FUND | $250 |
| BLACK MOUNTAIN HOME FOR CHILDREN YOUTH & FAMILIES BLACK MOUNTAIN, NC | GENERAL FUND | $1,000 |
| COMMUNITY BIBLE STUDY COLORADO SPGS, CO | GENERAL FUND | $900 |
| COMPASSION INTERNATIONAL COLORADO SPRINGS, CO | GENERAL FUND | $1,041 |
| FRANKLIN COLLEGE FRANKLIN, IN | GENERAL FUND | $250 |
| MD ANDERSON CENTER HOUSTON, TX | GENERAL FUND | $100 |
| NORTH COAST REPERTORY SOLANA BEACH, CA | GENERAL FUND | $500 |
| PLANT WITH PURPOSE SAN DIEGO, CA | GENERAL FUND | $1,518 |
| SAMARITAN'S PURSE BOONE, NC | GENERAL FUND | $1,000 |
| SAN DIEGO RESCUE MISSION SAN DIEGO, CA | GENERAL FUND | $33,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA R COSTELLO | PRESIDENT/TREASURER/DIRECT | — | — |
| DENNIS COSTELLO | DIRECTOR | — | — |
| CHRISTOPHER C COSTELLO | DIRECTOR | — | — |
| THOMAS P JALKUT | CLERK | — | — |
| CAITLIN L COSTELLO | DIRECTOR | — | — |
| TIMOTHY P COSTELLO | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Russell & Costello Family Foundation?
Russell & Costello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $306K in total assets as of 2024.
How large is Russell & Costello Family Foundation?
As of 2024, Russell & Costello Family Foundation holds $306K in total assets with $43K in annual revenue. It awarded 12 grants totaling $52K in 2024.
Where does Russell & Costello Family Foundation operate?
Russell & Costello Family Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Georgia, Indiana, Massachusetts, Minnesota, North Carolina, New Jersey, New York, Ohio, Tennessee, Texas.
What size grants does Russell & Costello Family Foundation award?
In 2024, Russell & Costello Family Foundation awarded 12 grants totaling $52K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Russell & Costello Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russell & Costello Family Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russell & Costello Family Foundation's EIN?
Russell & Costello Family Foundation's EIN (Employer Identification Number) is 22-3385621. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Russell & Costello Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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