Russo Family Foundation Inc
RUSSO FAMILY FOUNDATION INC is a private foundation based in Carlstadt, New Jersey. In 2024, it awarded 32 grants totaling $735,275 to charitable organizations, primarily in New Jersey.
Key facts about Russo Family Foundation Inc
In short: Russo Family Foundation Inc gave $523K across 29 grants in 2025 (avg $18K), mostly in New Jersey. 48% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 81-1485458
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $522,700
- Grants made (2025)
- 29
- Average grant
- $18,024
- Median grant
- $5,000
- New grantees (estimate)
- 48% first-time grantees (14 of 29, 2025)
- Total assets
- $320,311
- Primary geography
- New Jersey (88% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$320K
+1.3% YoY
Annual Giving
$523K
-28.9% YoY
Grant Count
29
-9.4% YoY
Avg Grant Size
$18K
-21.6% YoY
Under IRS private-foundation payout rules, Russo Family Foundation Inc reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Is Russo Family Foundation Inc open to new grantees?
48%
first-time grantees, 2025
In 2025, 14 of 29 grantees (48%) were first-time recipients. First grants averaged $7K; repeat grants $28K. How we count
Medians: $5K first-time, $15K repeat.
- 45% of 2025 grantees were also funded in 2024. Method
- Giving fell 41% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its grants went to organizations with varied missions. For example, the Meadowlands Area YMCA says it offers programs to build healthy bodies, minds, and spirits in the Meadowlands community. The Community Food Bank of New Jersey says it works to address the root causes of hunger and provide solutions for New Jersey. All Stars Project says it uses performance to support youth from poor and underserved communities.
Other recipients describe work in after-school residential education and leadership for high school girls (HomeWorks Trenton), training and career counseling (Jewish Vocational Service of MetroWest), and using the arts to transform lives in Newark (Newark Arts Council).
Grantmaking
In 2024, the foundation awarded 32 grants totaling $735,275. Grant amounts ranged from $300 to $124,900, with a median grant of $10,000.
Ready to take the next step with Russo Family Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, 87% of grant dollars went to recipients in New Jersey, 9% to New York, 3% to Pennsylvania, and 1% to Florida.
Grant Distribution by State
Share of all 29 itemized 2025 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 2025
Grant Size Distribution
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BETHANY CHURCH Wyckoff, NJ | OFFERS WORSHIP, EDUCATIONAL, AND OUTREACH PROGRAMS AS A CHRISTIAN COMMUNITY. | $129,600 |
| THE FOUNDATION FOR EASTERN CHRISTIAN SCHOOL ASSOCIATION INC North Haledon, NJ | PROVIDES FINANCIAL ASSISTANCE AND PROMOTES CHRISTIAN EDUCATION AT EASTERN CHRISTIAN. | $79,500 |
| ALL STARS PROJECT INC New York, NY | USES PERFORMANCE TO TRANSFORM THE LIVES OF UNDERSERVED YOUTH. | $58,750 |
| MEADOWLANDS AREA YMCA East Rutherford, NJ | PROVIDES HEALTH, WELLNESS, AND YOUTH PROGRAMS IN THE MEADOWLANDS AREA. | $55,000 |
| BERGEN COUNTY HISTORICAL SOCIETY River Edge, NJ | PRESERVES AND PROMOTES BERGEN COUNTY'S HISTORY THROUGH EDUCATION AND OUTREACH. | $25,000 |
| THE FOUNDATION AT NJIT Newark, NJ | SUPPORTS NEW JERSEY INSTITUTE OF TECHNOLOGY THROUGH FUNDRAISING, SCHOLARSHIPS, RESEARCH, AND INSTITUTIONAL PRIORITIES. | $25,000 |
| UNITED WAY OF NORTHERN NEW JERSEY INC Cedar Knolls, NJ | IMPROVES LIVES BY ADDRESSING EDUCATION, INCOME, AND HEALTH NEEDS IN COMMUNITIES. | $17,500 |
| ROBERT J DINALLO MEMORIAL SCHOLARSHIP FUND - ARCHDIOCESE OF NEWARK Montvale, NJ | PROVIDES SCHOLARSHIPS TO STUDENTS, SUPPORTING EDUCATIONAL ADVANCEMENT. | $15,200 |
| MONMOUTH UNIVERSITY West Long Branch, NJ | PRIVATE UNIVERSITY FOCUSED ON HIGHER EDUCATION, STUDENT DEVELOPMENT, RESEARCH, AND COMMUNITY ENGAGEMENT. | $15,000 |
| SOUP KITCHEN 411 Scotch Plains, NJ | CONNECTS SOUP KITCHENS WITH DONORS AND VOLUNTEERS TO COMBAT FOOD INSECURITY. | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $316,347 | $592,800 | $743,810 | $735,275 |
| 2023 | $467,357 | $562,700 | $564,263 | $560,900 |
| 2022 | $468,920 | $1,002,200 | $896,996 | $890,700 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $320,311 | $316,347 | $467,357 |
| Revenue | $530,300 | $592,800 | $562,700 |
| Expenses | $526,336 | $743,810 | $564,263 |
| Qualifying Distributions | $507,561 | $737,042 | $562,596 |
| Net Investment Income | — | — | — |
| Distributable Amount | $18,618 | $26,431 | $23,936 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Edward Russo as CEO, Kimberly Pembroke as president, and Shalom Russo as treasurer/secretary.
Russo Family Foundation Inc is led by Edward Russo, CEO on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward Russo
CEO
On filings since 2020
1 hr/week
No compensation reported
Kimberly Pembroke
President
On filings since 2020
0.5 hrs/week
No compensation reported
Shalom Russo
Treasurer & Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 570 Commerce Blvd, Carlstadt, NJ 07072
Phone: (201) 487-5657
Frequently asked questions about Russo Family Foundation Inc
How much does Russo Family Foundation Inc give each year?
Russo Family Foundation Inc gave $523K across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $735K across 32 grants.
What is Russo Family Foundation Inc's typical grant size?
Russo Family Foundation Inc's median grant in 2025 was $5,000, and its average grant was $18,024, across 29 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Russo Family Foundation Inc that year got $7K on average.
Where does Russo Family Foundation Inc give grants?
Russo Family Foundation Inc gives mostly in New Jersey: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (11%). The most frequent recipient cities were Paramus, NJ (4 grants) and Newark, NJ (2 grants).
Does Russo Family Foundation Inc give general operating support?
Occasionally: 7% of Russo Family Foundation Inc's 2025 grants with a stated purpose (2 of 29) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Russo Family Foundation Inc's largest grantees?
Russo Family Foundation Inc's largest 2025 grantees include Bethany Church ($129,600), The Foundation for Eastern Christian School Association Inc ($79,500) and All Stars Project Inc ($58,750), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.
How large is Russo Family Foundation Inc?
Russo Family Foundation Inc reported $320K in total assets on its 2025 IRS Form 990-PF. It paid out $508K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What does Russo Family Foundation Inc fund?
No foundation mission statement is provided. Its grants went to organizations with varied missions. For example, the Meadowlands Area YMCA says it offers programs to build healthy bodies, minds, and spirits in the Meadowlands community. The Community Food Bank of New Jersey says it works to address the root causes of hunger and provide solutions for New Jersey. All Stars Project says it uses performance to support youth from poor and underserved communities. Other recipients describe work in af…
How do I apply for a grant from Russo Family Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Russo Family Foundation Inc's EIN?
Russo Family Foundation Inc's EIN (Employer Identification Number) is 81-1485458. IRS Form 990 filing data is available on this page for 2020–2025.
Does Russo Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Russo Family Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in Russo Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Columbia Bank Foundation
Fair Lawn, NJ
Columbia Bank Foundation funds affordable and sustainable housing, community and economic development, financial literacy, health and human services, food security, environmental sustainability, and the arts. Its typical award is small—the 2025 median was $2,500—though program grants range from $1,000 to $25,000 and some awards are larger; it primarily supports New Jersey communities. It accepts applications year-round, with quarterly deadlines for its Community and Housing programs and monthly review of Micro Grant requests.
Assets
$42.6M
Grants
319
Total Given
$1.7M
Pseg Foundation Inc
Newark, NJ
PSEG Foundation supports environmental sustainability, community well-being and disaster recovery, education, and economic mobility, primarily in communities PSEG serves, especially New Jersey. Its 2024 grants ranged from $80,000 to $1 million, with a median of $250,000. The Foundation’s 2024 filing says it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$29.6M
Grants
20
Total Given
$6.1M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The foundation funds health initiatives to expand healthcare access and strengthen health systems, with priorities including cancers, blood disorders, brain health, and clinical-trial participation. Its 2024 grants had a median of $134,090, though awards ranged widely; its stated focus geographies are Brazil, India, ten Sub-Saharan African countries, and the United States. It invites organizations to inquire about its grantmaking process, with application materials available upon request and no deadline listed.
Assets
$83.3M
Grants
144
Total Given
$67.7M
TD Charitable Foundation
Portland, ME
The foundation funds education, human services, housing and financial stability, nonprofit capacity-building, and community programs, with particular consideration for underserved and low- to moderate-income communities. Its stated award range is $135–$475,000, though the 2025 median grant was $10,000; it focuses primarily on Florida, New Jersey, and New York. It accepts unsolicited requests through online applications from eligible 501(c)(3) public charities in states with a TD Bank, N.A. branch.
Assets
$9.1M
Grants
1,003
Total Given
$24.9M
Community Foundation of New Jersey
Morristown, NJ
The Community Foundation of New Jersey supports nonprofits and projects across arts, education, environment, health and human services, and social welfare. Its 2024 itemized grants had a median of about $19,800, though awards varied widely; funding went to organizations in multiple states, with 32% of itemized grant dollars going to New Jersey. It accepts applications for specific opportunities, and its FAQ encourages eligible New Jersey 501(c)(3) nonprofits to apply; requirements vary by opportunity.
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
Verizon Foundation
Basking Ridge, NJ
The Verizon Foundation funds digital inclusion, climate protection, human prosperity, K–12 literacy and STEM, and domestic violence education and prevention, with an emphasis on underserved and diverse communities. It gives nationally, with priority in California, Massachusetts, Minnesota, New Jersey, New York, and Virginia, and also supports work in India and Israel; 2024 grants ranged from $25 to $1 million, with a $500 median. It does not accept unsolicited requests; applications are by invitation only.
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
The Robert Wood Johnson Foundation
Princeton, NJ
The Robert Wood Johnson Foundation funds work to improve health and health equity in the United States, including health policy, community health, prevention, and social justice. In 2024, its grants ranged from $125 to $12.15 million, with a median of $40,000, and went to recipients across multiple states. The profile does not state whether it accepts unsolicited requests.
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Crane Fund for Widows and Children
Englewood Cliffs, NJ
The fund supports local agencies, charities, and schools serving underserved populations, with interests including food, housing, education, health, environmental protection, and animal welfare. Its 2024 grants ranged from $2,000 to $45,000, with a median of $4,500, for communities where Crane operates or where associates have a direct connection, including locations outside the U.S. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
—
Grants
985
Total Given
$4.5M
The Hyde and Watson Foundation
Warren Township, NJ
The Hyde and Watson Foundation funds one-time capital needs—such as construction, renovations, equipment, and furnishings—for eligible nonprofits working in human services, education, health, arts and culture, and the environment. Most grants are $5,000–$20,000, and it primarily serves New York City and Essex, Morris, and Union counties in New Jersey; the profile does not state whether unsolicited requests are accepted.
Assets
$88.2M
Grants
611
Total Given
$6.1M
Princeton Area Community Foundation Inc
Princeton, NJ
Princeton Area Community Foundation funds nonprofits working in education, basic needs, health, housing, arts, the environment, and nonprofit capacity, with priorities including poverty and the needs of children, families, and communities. Its 2024 median grant was $15,000, and its discretionary programs focus on Greater Mercer County and central New Jersey, though donor-recommended grants may support nonprofits elsewhere. Eligible regional nonprofits may apply through competitive programs such as the Community Impact Grants.
Assets
$279.6M
Grants
515
Total Given
$31.3M
Jpmorgan Chase Foundation
New York, NY
The foundation supports neighborhood revitalization, underserved small businesses, financial health, and economic mobility and career pathways, with 2024 grants ranging from $4 to $4,635,000 and a median of $550. Its grants reached organizations across multiple U.S. locations, including Washington, DC, New York, California, Illinois, Washington state, and Georgia. It gives only to preselected charitable organizations and does not accept unsolicited funding requests.
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
New York, NY
The Pfizer Foundation funds locally led health programs that improve access to care and strengthen health systems, as well as health-crisis and disaster responses, worldwide. In 2024, grants ranged from $2 to $4 million, with a median of $200. It supports only preselected organizations and does not accept unsolicited requests.
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in New Jersey
Russo Family Foundation Inc down — hundreds of funders to go?