Russo Family Charitable Foundation Inc
The Russo Family Charitable Foundation Inc is a private foundation established in 1988 and located in Orchard Park, New York. As a 501(c)(3) organization, it has been tax-exempt since July 1989. The foundation operates as a family foundation focused on charitable grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+8.4% YoY
Annual Giving
$406K
+28.3% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$20K
+28.3% YoY
Under IRS private-foundation payout rules, Russo Family Charitable Foundation Inc reported a distributable amount of $254K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation is selective in its grantmaking approach and does not accept unsolicited applications—grants are made by invitation only.
Grant Range
$3,000–$60,000
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Geographic Focus
Where this funder awards grants
The foundation is based in Orchard Park, New York and funds organizations within New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $5.0–$5.02 million
- Total giving: $405,500–$406,000
- Total liabilities: $0
- Giving rate: 8.1% of assets
- Total revenue: $854,000
- Total expenses: $474,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,020,042 | $4,630,551 | $4,734,458 |
| Revenue | $854,112 | $234,963 | $207,389 |
| Expenses | $473,850 | $338,870 | $366,775 |
| Qualifying Distributions | $405,500 | $316,000 | $337,800 |
| Net Investment Income | $805,765 | $212,344 | $186,450 |
| Distributable Amount | $254,149 | $237,219 | $251,489 |
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Jude's Children's Research Hospital ($60,000), Feedmore Wny ($50,000), Mercy Hospital Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FEEDMORE WNY BUFFALO, NY | GENERAL | $50,000 |
| HAMBURG ALUMNI FOUNDATION HAMBURG, NY | EDUCATIONAL | $5,000 |
| HAMBURG POLICE DEPT HAMBURG, NY | PUBLIC SERVICE | $10,000 |
| HAMBURG VOLUNTEER FIRE DEPARTMENT HAMBURG, NY | GENERAL | $25,000 |
| HOSPITAL FOUNDATION WNY BUFFALO, NY | MEDICAL | $25,000 |
| JOHN R OISHEI CHILDREN'S HOSPITAL BUFFALO, NY | MEDICAL | $20,000 |
| KALEIDA HEALTH FDN BUFFALO, NY | MEDICAL | $20,000 |
| MERCY HOSPITAL FOUNDATION BUFFALO, NY | MEDICAL | $30,000 |
| MICHAEL J FOX FDN FOR PARKINSON HAGERSTOWN, MD | MEDICAL | $10,000 |
| PALM BEACH POLICE DEPT PALM BEACH, FL | PUBLIC SERVICE | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH L RUSSO | PRESIDENT | 2 | — |
| JOHN A RUSSO | SECRETARY/TREASURER | 2 | — |
| CELIA RUSSO | VICE PRESIDENT | 2 | — |
Contact Information
Address: 10 Centre Drive, Orchard Park, NY 14127-2280
Telephone: 716-667-9211
EIN: 16-1339086
Frequently Asked Questions
How do I apply for a grant from Russo Family Charitable Foundation Inc?
The foundation is selective in its grantmaking approach and does not accept unsolicited applications—grants are made by invitation only. **Grant Activity:** • Annual giving: Approximately $405,500–$406,000 • Number of grants: Approximately 20 grants annually • Grant range: $3,000–$60,000 • Median grant size: $20,000 **Application Policy:** Invitation only; does not accept unsolicited applications.
Where does Russo Family Charitable Foundation Inc make grants?
The foundation is based in Orchard Park, New York and funds organizations within New York.
What size grants does Russo Family Charitable Foundation Inc award?
In 2024, Russo Family Charitable Foundation Inc awarded 20 grants totaling $406K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Russo Family Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russo Family Charitable Foundation Inc reported a distributable amount of $254K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russo Family Charitable Foundation Inc's EIN?
Russo Family Charitable Foundation Inc's EIN (Employer Identification Number) is 16-1339086. IRS Form 990 filing data is available on this page for 2020–2024.
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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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