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
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
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 |
|---|---|---|---|
| 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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