Russell & Penny Fortune Foundation Inc
Russell & Penny Fortune Foundation Inc is a private foundation, based in ZIONSVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 6 grants totaling $232K. Net investment income was $164K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
-2.6% YoY
Annual Giving
$232K
-11.6% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$39K
-11.6% YoY
Under IRS private-foundation payout rules, Russell & Penny Fortune Foundation Inc reported a distributable amount of $277K for 2024 — the minimum it must pay out in qualifying distributions.
About Russell & Penny Fortune Foundation Inc
Based on IRS filings
Russell & Penny Fortune Foundation Inc is a private foundation, based in ZIONSVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 6 grants totaling $232K. Net investment income was $164K.
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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 | 2021 |
|---|---|---|---|
| Total Assets | $4,315,615 | $4,428,953 | $4,729,613 |
| Revenue | $224,939 | $182,179 | $204,961 |
| Expenses | $317,294 | $317,168 | $312,453 |
| Qualifying Distributions | $278,400 | $295,306 | $285,281 |
| Net Investment Income | $163,966 | $129,478 | $181,479 |
| Distributable Amount | $277,348 | $309,842 | $295,224 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marion University ($60,000), Brebeuf Preparatory School Inc ($54,896), Cathedral High School ($38,529).
| Recipient | Purpose | Amount |
|---|---|---|
| Cathedral High School Indianapolis, IN | Education | $38,529 |
| Brebeuf Preparatory School Inc Indianapolis, IN | Education | $54,896 |
| International School of Indiana Indianapolis, IN | Education | $33,885 |
| Park Tudor Foundation Inc Indianapolis, IN | Education | $24,200 |
| Marion University Indianapolis, IN | Education | $60,000 |
| Guerin Catholic High School Noblesville, IN | Education | $20,001 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Frequently Asked Questions
How large is Russell & Penny Fortune Foundation Inc?
As of 2024, Russell & Penny Fortune Foundation Inc holds $4.3M in total assets with $225K in annual revenue. It awarded 6 grants totaling $232K in 2024.
Where does Russell & Penny Fortune Foundation Inc operate?
Russell & Penny Fortune Foundation Inc has awarded grants in Indiana.
What size grants does Russell & Penny Fortune Foundation Inc award?
In 2024, Russell & Penny Fortune Foundation Inc awarded 6 grants totaling $232K — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is Russell & Penny Fortune Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russell & Penny Fortune Foundation Inc reported a distributable amount of $277K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russell & Penny Fortune Foundation Inc's EIN?
Russell & Penny Fortune Foundation Inc's EIN (Employer Identification Number) is 35-2041399. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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