Russo Family Foundation

Foundation · Grantmaker Fort Worth, TX EIN: 85-3727999

Russo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fort Worth, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $285K in total assets. In 2024, it awarded 2 grants totaling $65K. Net investment income was $7K.

Key facts about Russo Family Foundation

EIN: 85-3727999
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $64,700
Grants made (2024): 2
Average grant: $32,350
Median grant: $32,350
Total assets: $285,408
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Russo Family Foundation gives

Giving grew 57% from 2021 to 2024. Method
In 2024 it paid out 933% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$285K

-1.3% YoY

Annual Giving

$65K

+41.6% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$32K

+112.4% YoY

Under IRS private-foundation payout rules, Russo Family Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Russo Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $65K (100%)

Share of all 2 itemized 2024 grant dollars.

States

California North Carolina Tennessee Texas

Cities

Fort WorthBooneFranklinSacramento

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$285,408	$289,179	$306,339
Revenue	$56,800	$30,000	$200,000
Expenses	$66,522	$47,160	$70,006
Qualifying Distributions	$64,700	$45,700	$68,620
Net Investment Income	$6,800	—	—
Distributable Amount	$6,933	$7,121	$11,886

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Christ Chapel ($50,000), Texas Christian University ($14,700).

Recipient	Purpose	Amount
CHRIST CHAPEL Fort Worth, TX	CHARITABLE	$50,000
TEXAS CHRISTIAN UNIVERSITY Fort Worth, TX	CHARITABLE	$14,700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Jenifer Russo	President	—	—
Anthony Russo	Vice President	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Russo Family Foundation?

Russo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fort Worth, TX. It holds $285K in total assets as of 2024.

How large is Russo Family Foundation?

As of 2024, Russo Family Foundation holds $285K in total assets with $57K in annual revenue. It awarded 2 grants totaling $65K in 2024.

Where does Russo Family Foundation operate?

Russo Family Foundation has awarded grants in California, North Carolina, Tennessee, Texas.

What size grants does Russo Family Foundation award?

In 2024, Russo Family Foundation awarded 2 grants totaling $65K — an average of about $32K 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 2024, Russo Family Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.