The Gene and Loretta Russell Foundation
The Gene and Loretta Russell Foundation is a private foundation, based in Baytown, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.9M in total assets. In 2025, it awarded 2 grants totaling $486K. Net investment income was $372K.
The Gene and Loretta Russell Foundation at a glance
In short: The Gene and Loretta Russell Foundation gave $486K across 2 grants in 2025 (avg $243K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $486,000
- +6842.9% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $243,000
- +13785.7% vs 2024
- Median grant
- $243,000
- Total assets
- $9,898,146
- +3376.6% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Gene and Loretta Russell Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was City of Baytown ($485K). Together the top 2 received $486K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Gene and Loretta Russell Foundation gives
- In 2025 it paid out 254% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3K (2021) to $486K (2025). In 2025 it made 2 grants totaling $486K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Baytown Baytown, TX | Unrestricted Contribution | $485,000 |
| Texas District of Lutheran Church Round Rock, TX | Unrestricted Contribution | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $9,898,146 | $10,336,034 | $722,594 | $486,000 | 2 | $694,543 | $372,022 | $273,025 |
| 2024 | $284,706 | $141,861 | $8,995 | $7,000 | 4 | $8,995 | $7,171 | $16,421 |
| 2023 | $151,840 | $3,239 | $8,520 | $4,250 | 3 | $8,520 | $3,239 | $8,826 |
| 2022 | $157,121 | $32,531 | $1,963 | — | — | $1,963 | $32,531 | $8,719 |
| 2021 | $126,553 | $8,160 | $5,471 | $3,000 | 3 | — | $8,160 | $9,619 |
| 2020 | $123,864 | $1,026 | $10,125 | $5,000 | 2 | — | $1,026 | $8,296 |
Under IRS private-foundation payout rules, The Gene and Loretta Russell Foundation reported a distributable amount of $273K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gene and Loretta Russell Foundation is led by Stephen Doncarlos, Trustee on the 2025 filing — the only officer listed, and uncompensated.
Officers on the 2025 filing
Stephen Doncarlos
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Former officers (1)
- Former: Allen E. Russell (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Gene and Loretta Russell Foundation
How much does The Gene and Loretta Russell Foundation give each year?
The Gene and Loretta Russell Foundation gave $486K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 4 grants.
How large is The Gene and Loretta Russell Foundation?
The Gene and Loretta Russell Foundation reported $9.9M in total assets on its 2025 IRS Form 990-PF. It paid out $695K in qualifying distributions that year, against a required minimum of $273K (roughly 5% of its investment assets).
Where does The Gene and Loretta Russell Foundation operate?
The Gene and Loretta Russell Foundation has awarded grants in Texas.
What is The Gene and Loretta Russell Foundation's EIN?
The Gene and Loretta Russell Foundation's EIN (Employer Identification Number) is 47-5269692. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2020–2024
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