Russo Family Foundation Inc
Russo Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fairfield, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 11 grants totaling $43K. Net investment income was $13K.
Key facts about Russo Family Foundation Inc
In short: Russo Family Foundation Inc gave $43K across 11 grants in 2024 (avg $4K), mostly in Connecticut. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 06-1552407
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $43,000
- Grants made (2024)
- 11
- Average grant
- $3,909
- Median grant
- $1,000
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2024)
- Total assets
- $223,561
- Primary geography
- Connecticut (91% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$224K
-14.6% YoY
Annual Giving
$43K
+37.8% YoY
Grant Count
11
-26.7% YoY
Avg Grant Size
$4K
+87.9% YoY
Is Russo Family Foundation Inc open to new grantees?
18%
first-time grantees, 2024
In 2024, 2 of 11 grantees (18%) were first-time recipients. First grants averaged $13K; repeat grants $2K. How we count
Medians: $13K first-time, $1K repeat.
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SACRED HEART UNIVERSITY Fairfield, CT | VARIOUS PROGRAMS | $26,000 |
| LAURALTON HALL Milford, CT | SCHOLARSHIP FUND | $6,000 |
| CURTIS SUMMER CAMP FUND INC Fairfield, CT | SCHOLARSHIPS | $5,000 |
| ST JUDE CHILDRENS RESEARCH HOSPITAL New York, NY | RESEARCH | $1,500 |
| GARY SINISE FOUNDATION Nashville, TN | VARIOUS PROGRAMS | $1,000 |
| MEMORIAL SLOAN KETTERING CANCER CENTER New York, NY | RESEARCH | $1,000 |
| CATHOLIC ACADEMY OF BRIDGEPORT Bridgeport, CT | VARIOUS PROGRAMS | $500 |
| COLGATE UNIVERSITY Hamilton, NY | VARIOUS PROGRAMS | $500 |
| MAKE A WISH FOUNDATION Trumbull, CT | VARIOUS PROGRAMS | $500 |
| SALVATION ARMY Bridgeport, CT | VARIOUS PROGRAMS | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $223,561 | $261,723 | $299,825 |
| Revenue | $7,037 | $-4,246 | $16,720 |
| Expenses | $45,199 | $33,856 | $26,659 |
| Qualifying Distributions | $43,000 | $31,200 | $21,693 |
| Net Investment Income | $13,302 | $7,105 | $16,720 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Russo Family Foundation Inc is led by Robert D. Russo Jr. MD, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert D. Russo Jr. MD
President
On filings since 2020
No compensation reported
Robert D. Russo III
Director
On filings since 2020
No compensation reported
Arlyne E. Russo
Vice President & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Foundation Inc
How much does Russo Family Foundation Inc give each year?
Russo Family Foundation Inc gave $43K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $31K across 15 grants.
What is Russo Family Foundation Inc's typical grant size?
Russo Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $3,909, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Russo Family Foundation Inc that year got $13K on average.
Where does Russo Family Foundation Inc give grants?
Russo Family Foundation Inc gives mostly in Connecticut: 91% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (7%). The most frequent recipient cities were Bridgeport, CT (3 grants), Fairfield, CT (2 grants) and New York, NY (2 grants).
Does Russo Family Foundation Inc give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on Russo Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Various Programs" (7 grants).
Who are Russo Family Foundation Inc's largest grantees?
Russo Family Foundation Inc's largest 2024 grantees include Sacred Heart University ($26,000), Lauralton Hall ($6,000) and Curtis Summer Camp Fund Inc ($5,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is Russo Family Foundation Inc?
Russo Family Foundation Inc reported $224K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $7K.
What is Russo Family Foundation Inc?
Russo Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fairfield, CT. It holds $224K in total assets as of 2024.
What is Russo Family Foundation Inc's EIN?
Russo Family Foundation Inc's EIN (Employer Identification Number) is 06-1552407. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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