Russell & Costello Family Foundation

Private foundation · Grantmaker Boston, MA EIN: 22-3385621

The Russell & Costello Family Foundation is a private foundation based in Boston, Massachusetts. Its 2025 filing reports grants to organizations in several states, with most grant dollars going to recipients in Massachusetts and California.

Key facts about Russell & Costello Family Foundation

In short: Russell & Costello Family Foundation gave $49K across 18 grants in 2025 (avg $3K), mostly in Massachusetts. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
22-3385621
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$48,536
Grants made (2025)
18
Average grant
$2,696
Median grant
$475
New grantees (estimate)
50% first-time grantees (9 of 18, 2025; small sample)
Total assets
$285,483
Primary geography
Massachusetts (61% of itemized 2025 grant dollars)
How to apply
The foundation states that it does not restrict giving to preselected organizations. Full details ↓

Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$285K

-6.7% YoY

Annual Giving

$49K

-7.4% YoY

Grant Count

18

+50.0% YoY

Avg Grant Size

$3K

-38.3% YoY

Under IRS private-foundation payout rules, Russell & Costello Family Foundation reported a distributable amount of $42K for 2025 — the minimum it must pay out in qualifying distributions.

Is Russell & Costello Family Foundation open to new grantees?

50%

first-time grantees, 2025

In 2025, 9 of 18 grantees (50%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $4K; repeat grants $2K. How we count

Medians: $250 first-time, $515 repeat.

  • 39% of 2025 grantees were also funded in 2024. Method
  • Giving grew 41% from 2022 to 2025. Method
  • In 2025 it paid out 124% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants include general-fund support for organizations whose stated work includes Bible study, disaster and poverty relief, homelessness services, women’s empowerment, and arts and cultural programming.

For example, Community Bible Study describes its mission as making disciples of Jesus Christ through caring, in-depth Bible study available to all. The San Diego Rescue Mission says it addresses the needs of people experiencing homelessness through spiritual support and rehabilitation and recovery services. Women’s Empowerment describes its work as helping women experiencing homelessness gain skills and confidence to find employment and housing.

Grantmaking

In 2025, the foundation reported 18 grants totaling $48,536. Grant amounts ranged from $150 to $29,500, with a median of $475. Its largest awards included $29,500 to Evan School Foundation in Boston and $10,750 to Solana Beach Presbyterian Church in Solana Beach, California, both for general-fund purposes. Other notable grants were $2,000 to Samaritan’s Purse and $1,041 to Compassion International, also for general-fund purposes.

Samaritan’s Purse describes itself as a Christian organization providing spiritual and physical aid to people affected by war, poverty, disasters, disease, and famine. Nature Collective, which received $250, says its mission is to foster a passion for nature and connection with it.

How to Apply

The foundation states that it does not restrict giving to preselected organizations. The filing instructs applicants to submit a letter describing the organization and proposed use of funds. It lists no restrictions on awards.

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Geographic Focus

Where this funder awards grants

In 2025, 61% of grant dollars went to recipients in Massachusetts and 29% to recipients in California. The remaining shares went to North Carolina (5%), Colorado (3%), and Missouri (1%).

Grant Distribution by State

16states

Share of 2025 grant dollars across all 18 itemized grants.

Cities

Solana BeachSan DiegoColorado SPGSBooneColorado SpringsEncinitasLa JollaNewarkBostonCincinnatiLos AngelesPowayRancho Santa MargaritaAmericusBurlingtonColumbiaDel MarEncondidoFranklinHouston

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K13 grants2020 18 grants2021 21 grants2022 19 grants2023 12 grants2024 18 grants2025

From 2020 to 2025, annual grant giving ranged from $34K (2022) to $52K (2024). In 2025 it made 18 grants totaling $49K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Evan School Foundation: $30KEvan School Foundation$30KSolana Beach Presyterian Church: $11KSolana Beach PresyterianChurch$11KSamaritan's Purse: $2KSamaritan's Purse$2KCompassion International: $1KCompassion International$1KPacific Palisades Church: $750Pacific Palisades Church$750Community Bible Study: $650Community Bible Study$650San Diego Rescue Mission: $515San Diego Rescue Mission$515California Center for the Arts Escondido: $500California Center for the ArtsEscondido$500North Coast Repertory: $500North Coast Repertory$500Black Mountain Home for Children Youth & Families: $450Black Mountain Home forChildren Youth & Families$450

The largest 2025 recipient was Evan School Foundation ($30K). Together the top 10 received $47K.

Grant Size Distribution

88 grants across all recorded years

88<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 88 grants of 88 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Evan School Foundation Boston, MAGeneral Fund$29,500
Solana Beach Presyterian Church Solana Beach, CAGeneral Fund$10,750
Samaritan's Purse Boone, NCGeneral Fund$2,000
Compassion International Colorado Springs, COGeneral Fund$1,041
Pacific Palisades Church Palisades, CAGeneral Fund$750
Community Bible Study Colorado SPGS, COGeneral Fund$650
San Diego Rescue Mission San Diego, CAGeneral Fund$515
California Center for the Arts Escondido Encondido, CAGeneral Fund$500
North Coast Repertory Solana Beach, CAGeneral Fund$500
Black Mountain Home for Children Youth & Families Black Mountain, NCGeneral Fund$450

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2025 $285,483 $39,388 $59,955 $48,536 18
2024 $306,052 $42,732 $63,708 $52,409 12
2023 $327,001 −$18,248 $54,330 $43,802 19
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$285,483$306,052$327,001
Revenue$39,388$42,732$-18,248
Expenses$59,955$63,708$54,330
Qualifying Distributions$51,739$55,565$46,450
Net Investment Income$31,372$26,015$8,818
Distributable Amount$41,707$40,834$36,932

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS June 22, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Linda R. Costello as president, treasurer, and director; Dennis Costello, Christopher C. Costello, Caitlin L. Costello, and Timothy P. Costello as directors; and Thomas P. Jalkut as clerk.

Russell & Costello Family Foundation is led by Linda R. Costello, President, Treasurer & Director on every filing since 2020; none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Linda R. Costello

    President, Treasurer & Director

    On filings since 2020

    No compensation reported

  • Caitlin L. Costello

    Director

    On filings since 2020

    No compensation reported

  • Christopher C. Costello

    Director

    On filings since 2020

    No compensation reported

  • Dennis Costello

    Director

    On filings since 2020

    No compensation reported

  • Timothy P. Costello

    Director

    On filings since 2020

    No compensation reported

  • Thomas P. Jalkut

    Clerk

    On filings since 2020

    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.

Contact

Application contact: Thomas P Jalkut Clerk Nutter Mcclen
Mailing address: PO Box 51400, Boston, MA 02205
Phone: (617) 439-2000

Frequently asked questions about Russell & Costello Family Foundation

How much does Russell & Costello Family Foundation give each year?

Russell & Costello Family Foundation gave $49K across 18 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 12 grants.

What is Russell & Costello Family Foundation's typical grant size?

Russell & Costello Family Foundation's median grant in 2025 was $475, and its average grant was $2,696, across 18 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Russell & Costello Family Foundation that year got $4K on average.

Where does Russell & Costello Family Foundation give grants?

Russell & Costello Family Foundation gives mostly in Massachusetts: 61% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (29%) and North Carolina (5%). The most frequent recipient cities were Solana Beach, CA (2 grants) and San Diego, CA (2 grants).

Does Russell & Costello Family Foundation give general operating support?

Yes: 100% of Russell & Costello Family Foundation's 2025 grants with a stated purpose (18 of 18) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Russell & Costello Family Foundation's largest grantees?

Russell & Costello Family Foundation's largest 2025 grantees include Evan School Foundation ($29,500), Solana Beach Presyterian Church ($10,750) and Samaritan's Purse ($2,000), according to its 2025 IRS Form 990-PF. Together they received 87% of its itemized 2025 grant dollars.

How large is Russell & Costello Family Foundation?

Russell & Costello Family Foundation reported $285K in total assets on its 2025 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets).

What does Russell & Costello Family Foundation fund?

No mission statement for the foundation is provided. Its 2025 grants include general-fund support for organizations whose stated work includes Bible study, disaster and poverty relief, homelessness services, women’s empowerment, and arts and cultural programming. See mission & focus areas ↑

How do I apply for a grant from Russell & Costello Family Foundation?

The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

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 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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