Russo Family Foundation Inc is a private foundation based in Carlstadt, New Jersey. Established in 2017, the foundation operates as a 501(c)(3) organization with a volunteer executive team and no paid staff.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$316K
-32.3% YoY
Annual Giving
$735K
+31.1% YoY
Grant Count
32
+18.5% YoY
Avg Grant Size
$23K
+10.6% YoY
Mission & Focus Areas
The foundation does not maintain a published mission statement. However, its grantmaking priorities focus on:
- Education
- Youth development
- Philanthropy and grantmaking
- Human Services
- Shelter and crisis services
Grantmaking
The foundation made 20 additional grants in 2024 totaling $365,150.
Average Grant
amount: Approximately $27,000
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Geographic Focus
Where this funder awards grants
Primary funding areas include:
- New Jersey
- New York
- Pennsylvania
- Georgia
Key funded cities include Newark, Jersey City, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024
- Total assets: $316,347
- Total revenues: $592,800
- Total expenses: $743,810
- Investment income and dividends: $0
Year-over-year growth
- Total grants and contributions increased 5.3% from 2023 ($562,700) to 2024 ($592,800)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $316,347 | $467,357 | $468,920 |
| Revenue | $592,800 | $562,700 | $1,002,200 |
| Expenses | $743,810 | $564,263 | $896,996 |
| Qualifying Distributions | $737,042 | $562,596 | $893,981 |
| Net Investment Income | — | — | — |
| Distributable Amount | $26,431 | $23,936 | $22,579 |
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
128 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
The foundation is led by a volunteer executive team:
- Edward Russo - CEO
- Kimberly Pembroke - President
- Shalom Russo - Treasurer/Secretary
All leadership positions are held on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD RUSSO | CEO | 1 | — |
| KIMBERLY PEMBROKE | PRESIDENT | 0.5 | — |
| SHALOM RUSSO | TREASURER/SECRETARY | 0.5 | — |
Recent News & Activity
Recent developments and announcements
In 2023, the Russo Family Foundation made a $250,000 donation to the Meadowlands Area YMCA, helping the organization surpass its fundraising goal.
Russo Family Foundation\u2019s $250K donation helps Meadowlands Y easily\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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