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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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