The Russell Foundation
The Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PACIFIC PALISADES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $199K in total assets. In 2024, it awarded 1 grants totaling $301K. Net investment income was $6.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$199K
-15.5% YoY
Annual Giving
$301K
+262.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$301K
+262.9% YoY
Under IRS private-foundation payout rules, The Russell Foundation reported a distributable amount of $96K for 2024 — the minimum it must pay out in qualifying distributions.
About The Russell Foundation
Based on IRS filings
The Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PACIFIC PALISADES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $199K in total assets. In 2024, it awarded 1 grants totaling $301K. Net investment income was $6.
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 | $199,089 | $235,690 | $247,810 |
| Revenue | $6 | $74,412 | $52,339 |
| Expenses | $304,996 | $86,532 | $77,255 |
| Qualifying Distributions | $303,961 | $84,344 | $75,000 |
| Net Investment Income | $6 | $84,289 | $50,084 |
| Distributable Amount | $96,426 | $87,390 | $82,939 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 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 Institute for State Effectiveness ($301,226).
| Recipient | Purpose | Amount |
|---|---|---|
| INSTITUTE FOR STATE EFFECTIVENESS WASHINGTON, DC | (1) DESCRIPTION: 718 SHARES OF BERSHIRE HATHAWAY CLASS B SECURITIES (2) BOOK VALUE: $32,837 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 04/04/2024 (6) PURPOSE: GENERAL OPERATING SUPPORT | $301,226 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM H BORTHWICK | OFFICER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Russell Foundation?
The Russell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PACIFIC PALISADES, CA. It holds $199K in total assets as of 2024.
How large is The Russell Foundation?
As of 2024, The Russell Foundation holds $199K in total assets with $6 in annual revenue. It awarded 1 grants totaling $301K in 2024.
Where does The Russell Foundation operate?
The Russell Foundation has awarded grants in California, District of Columbia, Massachusetts.
What size grants does The Russell Foundation award?
In 2024, The Russell Foundation awarded 1 grants totaling $301K — an average of about $301K per grant, based on its IRS Form 990 filings.
How much is The Russell Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Russell Foundation reported a distributable amount of $96K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Russell Foundation's EIN?
The Russell Foundation's EIN (Employer Identification Number) is 95-4720083. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The 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.
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