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
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
No grants recorded for .
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
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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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