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
Under IRS private-foundation payout rules, Russo Family Foundation Inc reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
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
Ready to take the next step with Russo Family Foundation Inc?
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
Among its reported 2024 grants, the largest include Bethany Church ($124,900), Meadowlands Area Ymca ($105,000), Hackensack Meridian Health Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN MISSION HEALTHCARE FOUNDATION DELAND, FL | STRENGTHENS AFRICAN MEDICAL SYSTEMS WITH TRAINING AND SUPPORT FOR HEALTHCARE WORKERS. | $5,000 |
| ALL STARS PROJECT INC NEW YORK, NY | USES PERFORMANCE TO TRANSFORM THE LIVES OF UNDERSERVED YOUTH. | $62,500 |
| BERGEN COUNTY HISTORICAL SOCIETY RIVER EDGE, NJ | PRESERVES AND PROMOTES BERGEN COUNTY'S HISTORY THROUGH EDUCATION AND OUTREACH. | $1,850 |
| BETHANY CHURCH WYCKOFF, NJ | OFFERS WORSHIP, EDUCATIONAL, AND OUTREACH PROGRAMS AS A CHRISTIAN COMMUNITY. | $124,900 |
| CENTRASTATE MEDICAL CENTER FREEHOLD, NJ | DELIVERS COMMUNITY HEALTH AND WELLNESS SERVICES IN NEW JERSEY. | $15,000 |
| CHABAD OF SE MORRIS COUNTY MADISON, NJ | PROVIDES JEWISH EDUCATIONAL AND SOCIAL SERVICES TO SE MORRIS COUNTY. | $18,000 |
| CHILDHOOD CANCER SOCIETY WALL, NJ | SUPPORTS CHILDREN WITH CANCER AND THEIR FAMILIES THROUGH VARIOUS PROGRAMS. | $5,000 |
| COMMUNITY FOOD BANK OF NEW JERSEY HILLSIDE, NJ | FIGHTS HUNGER AND POVERTY THROUGH FOOD DISTRIBUTION AND ADVOCACY. | $89,000 |
| GARWOOD BOARD OF EDUCATION GARWOOD, NJ | OVERSEES PUBLIC EDUCATION IN GARWOOD, NJ. | $17,625 |
| HACKENSACK MERIDIAN HEALTH FOUNDATION EDISON, NJ | RAISES FUNDS FOR PROGRAMS AND SERVICES IN THE HACKENSACK MERIDIAN HEALTH NETWORK. | $100,000 |
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
Frequently Asked Questions
What does Russo Family Foundation Inc fund?
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
How do I apply for a grant from Russo Family Foundation Inc?
**Grant Activity (2024)** • Total grants awarded: 27 grants • Total giving: $735,275 • Average grant amount: Approximately $27,000 **Recent Grants (2024)** • Meadowlands Area YMCA: $105,000 (Health, wellness, and youth programs) • All Stars Project: $62,500 (Youth development through performance) • HomeWorks Trenton: $25,000 (Boarding and education programs for underserved high school girls) The foundation made 20 additional grants in 2024 totaling $365,150.
Where does Russo Family Foundation Inc make grants?
Primary funding areas include: • New Jersey • New York • Pennsylvania • Georgia Key funded cities include Newark, Jersey City, and New York.
What size grants does Russo Family Foundation Inc award?
In 2024, Russo Family Foundation Inc awarded 32 grants totaling $735K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Russo Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russo Family Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Russo Family Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Russo Family Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Russo Family Foundation Inc to a real strategy.