The Heineman-Russell Family Foundation
The Heineman-Russell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW CANAAN, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 9 grants totaling $1.1M. Net investment income was $223K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
-13.6% YoY
Annual Giving
$1.1M
+17.5% YoY
Grant Count
9
+28.6% YoY
Avg Grant Size
$127K
-8.6% YoY
Under IRS private-foundation payout rules, The Heineman-Russell Family Foundation reported a distributable amount of $384K for 2024 — the minimum it must pay out in qualifying distributions.
About The Heineman-Russell Family Foundation
Based on IRS filings
The Heineman-Russell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW CANAAN, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 9 grants totaling $1.1M. Net investment income was $223K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,203,670 | $7,177,715 | $6,584,224 |
| Revenue | $240,436 | $1,594,867 | $662,380 |
| Expenses | $1,214,481 | $1,001,376 | $765,726 |
| Qualifying Distributions | $1,142,349 | $972,546 | $740,000 |
| Net Investment Income | $223,304 | $1,576,037 | $636,654 |
| Distributable Amount | $383,717 | $453,821 | $540,930 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Memorial Sloan Kettering Cancer Center ($475,000), Northeastern University ($250,000), Center for Strategic and International Studies ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering Cancer Center NEW YORK, NY | To support the mission of the organization | $475,000 |
| Partners for Justice NEW YORK, NY | To support the mission of the organization | $37,349 |
| President & Fellows of Harvard College Cambridge, MA | To support the mission of the organization | $35,000 |
| Northeastern University Massachusetts, MA | To support the mission of the organization | $250,000 |
| Corning Museum of Glass New York, NY | To support the mission of the organization | $20,000 |
| Smart Love Family Services Chicago, IL | To support the mission of the organization | $25,000 |
| Island Autism Group Inc Massachusetts, MA | To support the mission of the organization | $50,000 |
| Center for Strategic and International Studies District of Columbia, DC | To support the mission of the organization | $150,000 |
| The Council for the Advancement of Science Writing Washington, WA | To support the mission of the organization | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Benjamin W Heineman | Trustee | 0.25 | — |
| Cristine Russel Heineman | Trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Heineman-Russell Family Foundation?
The Heineman-Russell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW CANAAN, CT. It holds $6.2M in total assets as of 2024.
How large is The Heineman-Russell Family Foundation?
As of 2024, The Heineman-Russell Family Foundation holds $6.2M in total assets with $240K in annual revenue. It awarded 9 grants totaling $1.1M in 2024.
Where does The Heineman-Russell Family Foundation operate?
The Heineman-Russell Family Foundation has awarded grants in California, Connecticut, District of Columbia, Illinois, Massachusetts, Nevada, New York, Washington.
What size grants does The Heineman-Russell Family Foundation award?
In 2024, The Heineman-Russell Family Foundation awarded 9 grants totaling $1.1M — an average of about $127K per grant, based on its IRS Form 990 filings.
How much is The Heineman-Russell Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Heineman-Russell Family Foundation reported a distributable amount of $384K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Heineman-Russell Family Foundation's EIN?
The Heineman-Russell Family Foundation's EIN (Employer Identification Number) is 27-0961125. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Heineman-Russell 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.