Russo Family Charitable Foundation Trust
Russo Family Charitable Foundation Trust is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $395K in total assets. In 2025, it awarded 3 grants totaling $75K. Net investment income was $14K.
Russo Family Charitable Foundation Trust at a glance
In short: Russo Family Charitable Foundation Trust gave $75K across 3 grants in 2025 (avg $25K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $75,000
- +58.9% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $25,000
- +5.9% vs 2024
- Median grant
- $25,000
- Total assets
- $395,450
- -13.3% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Russo Family Charitable Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Bridge Over Troubled Waters ($25K). Together the top 3 received $75K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Russo Family Charitable Foundation Trust gives
- Giving grew 36% from 2022 to 2025. Method
- In 2025 it paid out 183% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $25K (2020) to $75K (2025). In 2025 it made 3 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridge Over Troubled Waters Boston, MA | General Purpose | $25,000 |
| Children's Hospital Boston Boston, MA | General Use | $25,000 |
| Ron Burton Training Village Hubbardston, MA | General Purpose | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $395,450 | $21,804 | $82,298 | $75,000 | 3 | $75,000 | $13,802 | $40,942 |
| 2024 | $456,346 | $49,563 | $54,373 | $47,200 | 2 | $47,200 | $41,986 | $40,424 |
| 2023 | $461,156 | $44,449 | $56,379 | $47,200 | 2 | $47,200 | $38,105 | $35,717 |
| 2022 | $473,086 | $36,771 | $61,808 | $55,000 | 3 | $55,000 | $29,960 | $37,477 |
| 2021 | $523,330 | $76,124 | $56,899 | $50,000 | 2 | $50,000 | $68,074 | $39,119 |
| 2020 | $479,107 | $9,775 | $30,820 | $25,000 | 1 | — | $3,821 | $33,027 |
| 2019 | $500,274 | $14,543 | $14,732 | — | — | — | $8,788 | $31,908 |
Under IRS private-foundation payout rules, Russo Family Charitable Foundation Trust reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Russo Family Charitable Foundation Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Devette Russo
Trustee
On filings since 2019
1 hr/week
No compensation reported
Joshua Russo
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Russo Family Charitable Foundation Trust
How much does Russo Family Charitable Foundation Trust give each year?
Russo Family Charitable Foundation Trust gave $75K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $47K across 2 grants.
What is Russo Family Charitable Foundation Trust's typical grant size?
Russo Family Charitable Foundation Trust's median grant in 2025 was $25,000, and its average grant was $25,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Russo Family Charitable Foundation Trust give grants?
Russo Family Charitable Foundation Trust gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).
Does Russo Family Charitable Foundation Trust give general operating support?
Yes: 100% of Russo Family Charitable Foundation Trust's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Russo Family Charitable Foundation Trust?
Russo Family Charitable Foundation Trust reported $395K in total assets on its 2025 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).
What is Russo Family Charitable Foundation Trust's EIN?
Russo Family Charitable Foundation Trust's EIN (Employer Identification Number) is 04-3422324. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Russo Family Charitable Foundation Trust's focus areas in our free grants database
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