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
Under IRS private-foundation payout rules, Russell Colgate Fund Inc reported a distributable amount of $994K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Greenwich Hospital ($50,000), Denova Center for Justice ($30,000), Habitat for Humanity International ($22,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 4 OCEAN FOUNDATION BOCA RATON, FL | GENERAL PURPOSES | $4,520 |
| ACTION AGAINST HUNGER USA NEW YORK, NY | GENERAL PURPOSES | $7,000 |
| AMERICAN CIVIL LIBERTIES UNION NEW YORK, NY | GENERAL PURPOSES | $6,000 |
| AMERICAN FRIENDS OF THE LOUVRE NEW YORK, NY | GENERAL PURPOSES | $10,000 |
| ARLINGTON CENTER FOR THE ARTS ARLINGTON, MA | GENERAL PURPOSES | $10,000 |
| ARLINGTON EATS ARLINGTON, MA | GENERAL PURPOSES | $20,000 |
| ARLINGTON HEATING ASSISTANCE FUND ARLINGTON, MA | GENERAL PURPOSES | $10,000 |
| ARLINGTON LAND TRUST ARLINGTON, MA | GENERAL PURPOSES | $7,000 |
| ARLINGTON LIBRARIES FOUNDATION ARLINGTON, MA | GENERAL PURPOSES | $2,000 |
| ARLINGTON YOUTH COUNSELING CENTER ARLINGTON, MA | GENERAL PURPOSES | $8,000 |
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 | — |
Frequently Asked Questions
What does Russell Colgate Fund Inc fund?
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.
How do I apply for a grant from Russell Colgate Fund Inc?
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. Recent notable grants include: • Northwell Health Foundation: $400,000 (General Purposes) • New York Academy of Art: $152,852 (General Purposes) • Greenwich Hospital: $50,000 (General Purposes) The foundation's grantmaking focuses primarily on New York, Massachusetts, and Oregon.
Where does Russell Colgate Fund Inc make grants?
The foundation's primary grantmaking activity is concentrated in New York, Massachusetts, and Oregon.
What size grants does Russell Colgate Fund Inc award?
In 2024, Russell Colgate Fund Inc awarded 95 grants totaling $1.3M — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Russell Colgate Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russell Colgate Fund Inc reported a distributable amount of $994K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russell Colgate Fund Inc's EIN?
Russell Colgate Fund Inc's EIN (Employer Identification Number) is 22-1713065. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Russell Colgate Fund Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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