Russo Family Foundation
Russo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $681K in total assets. In 2025, it awarded 21 grants totaling $92K. Net investment income was $37K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$681K
-7.5% YoY
Annual Giving
$92K
-29.9% YoY
Grant Count
21
-22.2% YoY
Avg Grant Size
$4K
-9.9% YoY
Under IRS private-foundation payout rules, Russo Family Foundation reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
About Russo Family Foundation
Based on IRS filings
Russo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $681K in total assets. In 2025, it awarded 21 grants totaling $92K. Net investment income was $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $681,440 | $736,684 | $875,689 |
| Revenue | $37,889 | $-4,294 | $44,021 |
| Expenses | $93,133 | $134,711 | $168,584 |
| Qualifying Distributions | $93,133 | $134,711 | $168,584 |
| Net Investment Income | $37,019 | $30,325 | $48,887 |
| Distributable Amount | $32,026 | $29,769 | $19,420 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Institute for International Ed ($50,000), Jewish Federation of Palm Beach Cty ($15,000), Mt Siniai ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Pan Mass Challenge Needham, MA | Cancer research | $1,000 |
| Institute for International Ed New York, NY | Scholarships for education of students whose lives are in jeopardy | $50,000 |
| Impact Palm Beach, FL | Support for local nonprofits in Palm Beach County | $1,100 |
| Horizons National Westport, CT | Support for youth development | $500 |
| Adopt a Family Lake Worth, FL | Financial assistance for needy families | $1,000 |
| Aish Global Clifton, NJ | Study of judaism | $750 |
| International Refugee Assistance Pr New York, NY | Financial assistance for refugees | $2,500 |
| Xaxier HIgh School New York, NY | Support for high school education | $500 |
| Machon Yaakov Clifton, NJ | Support for scholarships for jewish learning | $750 |
| Fordham Universtiy Bronx, NY | Support for college education | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marcy Russo | trustee | 0.25 | — |
| Thomas Russo | trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Russo Family Foundation?
Russo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. It holds $681K in total assets as of 2025.
How large is Russo Family Foundation?
As of 2025, Russo Family Foundation holds $681K in total assets with $38K in annual revenue. It awarded 21 grants totaling $92K in 2025.
Where does Russo Family Foundation operate?
Russo Family Foundation has awarded grants in California, Connecticut, District of Columbia, Delaware, Florida, Illinois, Massachusetts, Minnesota, New Jersey, New York, Ohio, Rhode Island.
What size grants does Russo Family Foundation award?
In 2025, Russo Family Foundation awarded 21 grants totaling $92K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Russo Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Russo Family Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2025.
Explore Open Grants
Browse active grant opportunities in Russo Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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