Thomas a and Georgina T Russo Foundation
The Thomas A and Georgina T Russo Foundation is a private independent foundation established in 2005 and located in Lancaster, Pennsylvania. The foundation operates as a 501(c)(3) charitable organization with tax-exempt status. It functions as a grantmaking foundation that provides funding to other nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.6M
+1.6% YoY
Annual Giving
$668K
-17.3% YoY
Grant Count
9
-30.8% YoY
Avg Grant Size
$74K
+19.4% YoY
Mission & Focus Areas
The foundation's stated purpose is to provide a flowthrough of income from its margin of safety II. The foundation supports a diverse range of charitable causes, with recent grantmaking directed toward healthcare, education, and arts organizations.
Grantmaking
The foundation is actively engaged in grantmaking. In 2024, it made 18 grants to various organizations. Recent grant recipients and amounts include:
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Geographic Focus
Where this funder awards grants
The foundation is based in Lancaster, Pennsylvania and appears to support organizations in the Lancaster region and beyond, including national institutions.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $15,648,742
- Total Revenues: $1,168,588
- Total Expenses: $763,792
- Number of Employees: 0
Historical Data (2013):
- Total Assets: $3,876,526
- Income: $1,766,161
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,648,742 | $15,402,446 | $15,018,448 |
| Revenue | $1,168,588 | $1,826,368 | $1,473,868 |
| Expenses | $763,792 | $897,979 | $947,362 |
| Qualifying Distributions | $668,314 | $808,280 | $856,253 |
| Net Investment Income | $717,003 | $794,342 | $277,378 |
| Distributable Amount | $1,280,407 | $1,089,749 | $1,003,002 |
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
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Thomas A Russo is listed as the contact person for the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS A RUSSO | TRUSTEE | 2 | — |
| GEORGINA T RUSSO | TRUSTEE | 2 | — |
Contact Information
Mailing Address: PO Box 6339 Lancaster, PA 17607
Physical Address: 596 River Drive Lancaster, PA 17603-2466
Telephone: 717-281-0070
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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