The Russell Grinnell Memorial Trust is a private foundation established in 1998 and based in Dallas, Texas. It operates as a 501(c)(3) grantmaking foundation with a focus on supporting children's welfare and development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.9M
+3.9% YoY
Annual Giving
$973K
-14.9% YoY
Grant Count
19
-9.5% YoY
Avg Grant Size
$51K
-6.0% YoY
Under IRS private-foundation payout rules, Russell Grinnell Memorial Trust reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The mission of the Trust is to ensure that all children have the opportunity to thrive socially and intellectually in a safe and healthy environment.
The foundation prioritizes funding for organizations that address children's education, health, and safety needs. Primary funding focus areas include:
- Children's education
- Children's health and safety
- Human services
- Poverty alleviation
- Family support programs
- Early childhood and literacy initiatives
Grantmaking
The foundation accepts applications with the following requirements:
Grant Range
$50,000
Review Cycle
** March 1st and September 1st
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple regions, with documented funding activity in:
- New York
- Colorado
- Washington
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $17.9 million
- Total revenues: $1.88 million
- Total expenses: $1.21 million
- Investment income and dividends: $475,254
- Net gain from sale of non-inventory assets: $1.4 million
- Giving rate: 5.3% of assets
- Number of employees: 1
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,919,066 | $17,250,638 | $16,960,458 |
| Revenue | $1,881,598 | $1,646,182 | $1,208,264 |
| Expenses | $1,211,042 | $1,353,452 | $1,266,078 |
| Qualifying Distributions | $1,092,329 | $1,247,543 | $1,124,471 |
| Net Investment Income | $1,781,561 | $1,554,972 | $1,107,587 |
| Distributable Amount | $1,095,694 | $1,011,159 | $1,073,735 |
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
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Catholic Charities of Central Colorado ($150,000), Hand in Hand Mano En Mano ($100,000), Bronxworks Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE READING TEAM INC NEW YORK, NY | UNRESTRICTED GENERAL | $25,000 |
| HAND IN HAND MANO EN MANO MILBRIDGE, ME | UNRESTRICTED GENERAL | $100,000 |
| CYPRESS HILLS LDC BROOKLYN, NY | UNRESTRICTED GENERAL | $50,000 |
| HENRY STREET SETTLEMENT NEW YORK, NY | FOR PARENT CENTER | $50,000 |
| UNION SETTLEMENT ASSOCIATION NEW YORK, NY | UNRESTRICTED GENERAL | $50,000 |
| BRONXWORKS INC BRONX, NY | FAMILY ENGAGEMENT & EARLY | $100,000 |
| ROCKING THE BOAT INC BRONX, NY | UNRESTRICTED GENERAL | $50,000 |
| UNITED NEIGHBORHOOD HOUSES OF NEW YORK NEW YORK, NY | EARLY CHILD EDUCATION | $50,000 |
| MEDICINE WHEEL TRAIL ADVOCATES INC COLORADO SPRINGS, CO | UNRESTRICTED GENERAL | $62,000 |
| SAN MIGUEL SCHOOL OF PROVIDENCE PROVIDENCE, RI | SCHOLARSHIPS | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustee:
- Bank of America (serves as trustee with annual compensation of $133,000)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $133,412 |
Recent Grantees
Recent developments and announcements
Recent grants awarded include support to:
Catholic Charities of Central Colorado (Family Connections) — $150,000
BronxWorks (Family Engagement & Early) — $100,000
Hand in Hand Mano en Mano (Unrestricted General) — $100,000
Red Hook Initiative
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Russell Grinnell Memorial Trust fund?
The mission of the Trust is to ensure that all children have the opportunity to thrive socially and intellectually in a safe and healthy environment. The foundation prioritizes funding for organizations that address children's education, health, and safety needs. Primary funding focus areas include: • Children's education • Children's health and safety • Human services • Poverty alleviation • Family support programs • Early childhood and literacy initiatives
How do I apply for a grant from Russell Grinnell Memorial Trust?
**Grant Activity:** • 18-24 grants awarded annually • Median grant size: $50,000 • Grant range: $2,500–$150,000 • Total annual giving: approximately $943,000–$972,500 **Application Process:** The foundation accepts applications with the following requirements: • **Submission materials:** Cover letter, proposal narrative, and attachments • **Deadlines:** March 1st and September 1st • **Pre-application requirement:** Applicants must speak with a Trustee before submitting an application. Organizat…
Where does Russell Grinnell Memorial Trust make grants?
The foundation's grantmaking extends across multiple regions, with documented funding activity in: • New York • Colorado • Washington
What size grants does Russell Grinnell Memorial Trust award?
In 2024, Russell Grinnell Memorial Trust awarded 19 grants totaling $973K — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is Russell Grinnell Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russell Grinnell Memorial Trust reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russell Grinnell Memorial Trust's EIN?
Russell Grinnell Memorial Trust's EIN (Employer Identification Number) is 31-1603440. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Russell Grinnell Memorial Trust'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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