The Herman J Russell Foundation
The Herman J Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $738K in total assets. In 2024, it awarded 3 grants totaling $255K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$738K
+67.6% YoY
Annual Giving
$255K
-94.1% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$85K
-92.1% YoY
Under IRS private-foundation payout rules, The Herman J Russell Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About The Herman J Russell Foundation
Based on IRS filings
The Herman J Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $738K in total assets. In 2024, it awarded 3 grants totaling $255K. Net investment income was $29K.
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 | $737,665 | $440,041 | $19,694 |
| Revenue | $558,842 | $4,741,110 | $3,313 |
| Expenses | $260,160 | $4,323,772 | $3,750 |
| Qualifying Distributions | $255,000 | $4,320,000 | — |
| Net Investment Income | $28,718 | $10,117 | — |
| Distributable Amount | $40,487 | $18,238 | $2,540 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 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 Herman J Russell Center for Innovation ($150,000), American Ancestors ($60,000), Namc Greater Atlanta Inc ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NAMC GREATER ATLANTA INC MARIETTA, GA | SUPPORT OF DAILY OPERATIONS | $45,000 |
| American Ancestors Boston, MA | SUPPORT OF DAILY OPERATIONS | $60,000 |
| HERMAN J RUSSELL CENTER FOR INNOVATION ATLANTA, GA | SUPPORT OF DAILY OPERATIONS | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONATA R ROSS CO CONCESSIONS INTER | PRESIDENT | 1 | — |
| MICHAEL J RUSSELL CO HJ RUSSEL C | TRUSTEE | 1 | — |
| H JERMONE RUSSLL CO HJ RUSSELL | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Herman J Russell Foundation?
The Herman J Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $738K in total assets as of 2024.
How large is The Herman J Russell Foundation?
As of 2024, The Herman J Russell Foundation holds $738K in total assets with $559K in annual revenue. It awarded 3 grants totaling $255K in 2024.
Where does The Herman J Russell Foundation operate?
The Herman J Russell Foundation has awarded grants in Georgia, Massachusetts.
What size grants does The Herman J Russell Foundation award?
In 2024, The Herman J Russell Foundation awarded 3 grants totaling $255K — an average of about $85K per grant, based on its IRS Form 990 filings.
How much is The Herman J Russell Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herman J Russell Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Herman J Russell Foundation's EIN?
The Herman J Russell Foundation's EIN (Employer Identification Number) is 58-6343476. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Herman J Russell 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.