Russo Family Foundation

Private foundation · Grantmaker Palm Beach Gardens, FL EIN: 20-3950808

The Russo Family Foundation is a private foundation based in Palm Beach Gardens, Florida, and files Form 990-PF. Its 2026 grants went to organizations and individual recipients supporting education, refugees, Jewish communal and educational activities, youth, public safety, and cancer research.

Key facts about Russo Family Foundation

In short: Russo Family Foundation gave $124K across 20 grants in 2026 (avg $6K), mostly in New York. 33% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.

EIN
20-3950808
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$123,525
Grants made (2026)
20
Average grant
$6,176
Median grant
$750
New grantees (estimate)
33% first-time grantees (6 of 18, 2026; small sample)
Total assets
$589,391
Primary geography
New York (87% of itemized 2026 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2026; updated October 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 2026 IRS Form 990-PF · View filing

Total Assets

$589K

-13.5% YoY

Annual Giving

$124K

+33.9% YoY

Grant Count

20

-4.8% YoY

Avg Grant Size

$6K

+40.6% YoY

Under IRS private-foundation payout rules, Russo Family Foundation reported a distributable amount of $30K for 2026 — the minimum it must pay out in qualifying distributions.

Is Russo Family Foundation open to new grantees?

33%

first-time grantees, 2026

In 2026, 6 of 18 grantees (33%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $957; repeat grants $6K. How we count

Medians: $270 first-time, $875 repeat.

  • 61% of 2026 grantees were also funded in 2025. Method
  • Giving fell 24% from 2023 to 2026. Method
  • In 2026 it paid out 411% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2026). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated October 2026.

Mission & Focus Areas

No mission statement is provided. The 2026 grants show support for scholarships and education, refugee assistance, Jewish communal services and learning, youth development, public safety, local nonprofits, and cancer research.

Among its grantees, the Palm Beach County Sheriff’s Foundation says its mission is to help underprivileged children, enhance public safety, and assist deputies in need. New Yorkers for Children says it improves the well-being of youth and families in the child welfare system, with an emphasis on older youth aging out of the system. Aish Global says it aims to inspire people to live thoughtful, spiritual, and impactful lives through Jewish learning and wisdom.

Grantmaking

In filing year 2026, the foundation reported 20 grants totaling $123,525. Grant amounts ranged from $25 to $50,000, with a median of $750.

The largest grants included $50,000 to the Institute for International Ed for scholarships for students whose lives are in jeopardy, and $50,000 to the International Refugee Assistance Pr for financial assistance for refugees. Other grants included $10,000 to the Jewish Federation of Palm Beach Cty for Jewish communal services; $4,000 to an individual recipient for college education; $2,175 to Impact for local nonprofits in Palm Beach County; and $1,000 each to Pan Mass Challenge for cancer research, New Yorkers for Children for underserved youth, the Palm Beach County Sheriffs Foundation for police services, and PEF Israel Endowment for Jewish education.

How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

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Geographic Focus

Where this funder awards grants

In 2026, recipients in New York received 87% of grant dollars and recipients in Florida received 11%. Recipients in New Jersey and Massachusetts each received 1%; Connecticut received less than 1%.

Grant Distribution by State

13states

Share of 2026 grant dollars across all 20 itemized grants.

Cities

New YorkWest Palm BeachNeedhamBronxCliftonIthacaPalm Beach GardensWashington DCLake WorthPalm BeachWestportChicagoSaratoga SpringsBeachwoodDoverGlastonburyGlendaleJupiterLos AngelesMendham

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K24 grants2021 19 grants2022 23 grants2023 27 grants2024 21 grants2025 20 grants2026

From 2021 to 2026, annual grant giving ranged from $92K (2025) to $162K (2023). In 2026 it made 20 grants totaling $124K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2026

Institute for International Ed: $50KInstitute for International Ed$50KInternational Refugee Assistance Pr: $50KInternational RefugeeAssistance Pr$50KJewish Federation of Palm Beach Cty: $10KJewish Federation of PalmBeach Cty$10KImpact: $2KImpact$2KPan Mass Challenge: $1KPan Mass Challenge$1KNew Yorkers for Children: $1KNew Yorkers for Children$1KPalm Beach County Sheriffs Foundation: $1KPalm Beach County SheriffsFoundation$1KPEF Israel Endowment: $1KPEF Israel Endowment$1KAish Global: $750Aish Global$750Horizons National: $500Horizons National$500

The largest 2026 recipient was Institute for International Ed ($50K). Together the top 10 received $117K.

Organizations only. It also paid 2 grants to individuals ($4,750), which are not listed by name.

Grant Size Distribution

110 grants across all recorded years

104<$50K4$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 104 grants of 110 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Institute for International Ed New York, NYScholarships for education of students whose lives are in jeopardy$50,000
International Refugee Assistance Pr New York, NYFinancial assistance for refugees$50,000
Jewish Federation of Palm Beach Cty West Palm Beach, FLSupport for jewish communal services$10,000
2 grants to individuals Recipients not named —$4,750
Impact Palm Beach, FLSupport for local nonprofits in Palm Beach County$2,175
Pan Mass Challenge Needham, MACancer research$1,000
New Yorkers for Children New York, NYSupport for underserved youth$1,000
Palm Beach County Sheriffs Foundation West Palm Beach, FLSupport for police services$1,000
PEF Israel Endowment New York, NYSupport of jewish education$1,000
Aish Global Clifton, NJStudy of judaism$750

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant total Grant count
2026 $589,391 $33,005 $125,054 $123,525 20
2025 $681,440 $37,889 $93,133 $92,263 21
2024 $736,684 -$4,294 $134,711 $131,668 27
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$589,391$681,440$736,684
Revenue$33,005$37,889$-4,294
Expenses$125,054$93,133$134,711
Qualifying Distributions$125,054$93,133$134,711
Net Investment Income$31,476$37,019$30,325
Distributable Amount$30,399$32,026$29,769

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS August 14, 2026)
  2. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2026 filing lists Marcy Russo and Thomas Russo as trustees.

Russo Family Foundation's 2026 filing lists 2 officers; none of the 2 officers listed in 2026 report compensation.

Officers on the 2026 filing

  • Marcy Russo

    Trustee

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Thomas Russo

    Trustee

    On filings since 2021

    0.3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 11527 Green Bayberry Drive, Palm Beach Gardens, FL 33418
Phone: (917) 923-0329

Frequently asked questions about Russo Family Foundation

How much does Russo Family Foundation give each year?

Russo Family Foundation gave $124K across 20 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $92K across 21 grants.

What is Russo Family Foundation's typical grant size?

Russo Family Foundation's median grant in 2026 was $750, and its average grant was $6,176, across 20 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Russo Family Foundation that year got $957 on average.

Where does Russo Family Foundation give grants?

Russo Family Foundation gives mostly in New York: 87% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Florida (11%). The most frequent recipient cities were New York, NY (8 grants) and West Palm Beach, FL (4 grants).

Does Russo Family Foundation give general operating support?

Not in 2026: none of the 20 grants with a stated purpose on Russo Family Foundation's 2026 IRS Form 990-PF were described as general or operating support.

Who are Russo Family Foundation's largest grantees?

Russo Family Foundation's largest 2026 grantees include Institute for International Ed ($50,000), International Refugee Assistance Pr ($50,000) and Jewish Federation of Palm Beach Cty ($10,000), according to its 2026 IRS Form 990-PF. It also paid 2 grants to individuals ($4,750), which are not listed by name. Together they received 89% of its itemized 2026 grant dollars.

How large is Russo Family Foundation?

Russo Family Foundation reported $589K in total assets on its 2026 IRS Form 990-PF. It paid out $125K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).

What does Russo Family Foundation fund?

No mission statement is provided. The 2026 grants show support for scholarships and education, refugee assistance, Jewish communal services and learning, youth development, public safety, local nonprofits, and cancer research. See mission & focus areas ↑

How do I apply for a grant from Russo Family Foundation?

The foundation states that it 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's EIN?

Russo Family Foundation's EIN (Employer Identification Number) is 20-3950808. IRS Form 990 filing data is available on this page for 2021–2026.

Does Russo Family Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.

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