Russell Colgate Fund Inc
Russell Colgate Fund Inc is a private, independent foundation established in 1943 in New Jersey and Delaware, with its current headquarters in Wilmington, Delaware. The organization operates as a tax-exempt charitable foundation classified under the Private Grantmaking Foundations category (NTEE code T20).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.6M
+20.5% YoY
Annual Giving
$1.3M
+46.8% YoY
Grant Count
95
+4.4% YoY
Avg Grant Size
$13K
+40.6% YoY
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, based on its grantmaking activity, the fund supports education, philanthropy, voluntarism, grantmaking initiatives, and human services. Recent grants indicate particular interest in health and medical causes, community health, school health, and higher education.
Grantmaking
The Russell Colgate Fund is an active grantmaker with significant annual giving. In 2024, the foundation made 131 grants totaling approximately $1.28 million. Typical grant awards range from $500 to $400,000.
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Geographic Focus
Where this funder awards grants
The foundation's primary grantmaking activity is concentrated in New York, Massachusetts, and Oregon.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $12,553,821
- Total Revenues: $3,580,292
- Total Expenses: $1,448,668
- Investment Income and Dividends: $109,192
- Total Giving: $1,277,815
The foundation maintains zero employees and operates with a corporate trustee structure.
IRS Information:
- EIN: 22-1713065
- Ruling Year: 1944
- Tax Status: 501(c)(3) private non-operating foundation
- Filing Requirement: Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,553,821 | $10,422,197 | $10,419,700 |
| Revenue | $3,580,292 | $1,009,554 | $633,616 |
| Expenses | $1,448,668 | $1,007,057 | $1,094,048 |
| Qualifying Distributions | $1,277,815 | $870,459 | $887,578 |
| Net Investment Income | $3,409,439 | $872,956 | $478,657 |
| Distributable Amount | $994,074 | $831,430 | $857,941 |
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
250 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
The foundation's trustees include Russell C. Wilkinson, John C. Colgate Jr., and Mary C. Kirk.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUSSELL C WILKINSON | PRESIDENT | 5 | — |
| JOHN K COLGATE JR | VICE-PRES. | 5 | — |
| MARY C KIRK | SECRETARY | 5 | — |
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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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