The Mary Russoniello Charitiable Foundation
The Mary Russoniello Charitiable Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 3 grants totaling $27K. Net investment income was $98K.
The Mary Russoniello Charitiable Foundation at a glance
In short: The Mary Russoniello Charitiable Foundation gave $27K across 3 grants in 2025 (avg $9K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,000
- -81.9% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $9,000
- -81.9% vs 2024
- Median grant
- $9,000
- Total assets
- $1,201,048
- +5.7% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Mary Russoniello Charitiable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Covenant House New Jersey ($9K). Together the top 3 received $27K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Mary Russoniello Charitiable Foundation gives
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 53% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 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 $21K (2021) to $149K (2024). In 2025 it made 3 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant House New Jersey Newark, NJ | General Operating | $9,000 |
| St Joseph's School for Blind Jersey City, NJ | General Operating | $9,000 |
| Rutgers University Foundation New Brunswick, NJ | General Operating | $9,000 |
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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 | $1,201,048 | $114,594 | $48,772 | $27,000 | 3 | $34,285 | $97,571 | $64,290 |
| 2024 | $1,135,891 | $119,922 | $168,704 | $149,403 | 3 | $160,341 | $106,615 | $63,780 |
| 2023 | $1,185,433 | $41,427 | $17,039 | — | — | $9,782 | $29,539 | $58,245 |
| 2022 | $1,163,262 | $79,315 | $42,731 | $25,464 | 3 | — | $79,315 | — |
| 2021 | $1,128,498 | $118,478 | $38,557 | $21,216 | 3 | — | $118,478 | — |
| 2020 | $1,049,015 | $-6,097 | $38,285 | $23,343 | 3 | — | $-6,097 | — |
Under IRS private-foundation payout rules, The Mary Russoniello Charitiable Foundation reported a distributable amount of $64K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Mary Russoniello Charitiable Foundation's only listed officer is Bank Of America N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2023
2 hrs/week
$16K (2023) → $18K (2025)
Former officers (1)
- Former: Bank Of America NA (2020–2022) — 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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $18K, to Bank of America N a (Trustee).
Frequently asked questions about The Mary Russoniello Charitiable Foundation
How much does The Mary Russoniello Charitiable Foundation give each year?
The Mary Russoniello Charitiable Foundation gave $27K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $149K across 3 grants.
What is The Mary Russoniello Charitiable Foundation's typical grant size?
The Mary Russoniello Charitiable Foundation's median grant in 2025 was $9,000, and its average grant was $9,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Mary Russoniello Charitiable Foundation give grants?
The Mary Russoniello Charitiable Foundation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Mary Russoniello Charitiable Foundation give general operating support?
Yes: 100% of The Mary Russoniello Charitiable Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Mary Russoniello Charitiable Foundation?
The Mary Russoniello Charitiable Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $64K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Mary Russoniello Charitiable Foundation's EIN?
The Mary Russoniello Charitiable Foundation's EIN (Employer Identification Number) is 46-2259047. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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