Russo Foundation Inc
Russo Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 2 grants totaling $484K. Net investment income was $4.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.1M
+46.4% YoY
Annual Giving
$484K
-67.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$242K
-67.1% YoY
Under IRS private-foundation payout rules, Russo Foundation Inc reported a distributable amount of $725K for 2024 — the minimum it must pay out in qualifying distributions.
About Russo Foundation Inc
Based on IRS filings
Russo Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 2 grants totaling $484K. Net investment income was $4.4M.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,141,082 | $8,290,833 | $9,054,912 |
| Revenue | $4,403,503 | $713,440 | $255,208 |
| Expenses | $553,254 | $1,477,519 | $115,899 |
| Qualifying Distributions | $483,585 | $1,470,032 | $115,570 |
| Net Investment Income | $4,387,453 | $694,184 | $407,086 |
| Distributable Amount | $724,860 | $681,005 | $680,026 |
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
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include ChrISTIANS ALLIANCE INC ($458,585), Christians Alliance Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ChrISTIANS ALLIANCE INC MiDDLETOWN, CT | PROGRAM SUPPORT, OPERATIONAL SUPPORT, EQUIPMENT | $458,585 |
| CHRISTIANS ALLIANCE INC MIDDLETOWN, CT | PROGRAM SUPPORT, OPERATIONAL SUPPORT, EQUIPMENT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GLENN RUSSO | Member of Nonstock Corporation | 5 | — |
| ALICIA RUSSO | Director and Secretary | 5 | — |
| SHANNON RUSSO | Treasurer | 0.15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Russo Foundation Inc?
Russo Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, CT. It holds $12.1M in total assets as of 2024.
How large is Russo Foundation Inc?
As of 2024, Russo Foundation Inc holds $12.1M in total assets with $4.4M in annual revenue. It awarded 2 grants totaling $484K in 2024.
Where does Russo Foundation Inc operate?
Russo Foundation Inc has awarded grants in Connecticut.
What size grants does Russo Foundation Inc award?
In 2024, Russo Foundation Inc awarded 2 grants totaling $484K — an average of about $242K per grant, based on its IRS Form 990 filings.
How much is Russo Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russo Foundation Inc reported a distributable amount of $725K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russo Foundation Inc's EIN?
Russo Foundation Inc's EIN (Employer Identification Number) is 06-1641951. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Russo Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.