Tom Russell Charitable Foundation Inc
Tom Russell Charitable Foundation Inc is a private foundation based in Wilmington, Delaware. Its 2025 filing reports grants to charitable organizations, including schools, youth education programs, disability services, and community organizations.
Tom Russell Charitable Foundation Inc at a glance
In short: Tom Russell Charitable Foundation Inc gave $440K across 43 grants in 2025 (avg $10K), top state North Carolina. 32% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $440,000
- -18.5% vs 2024
- Grants made (2025)
- 43
- +10.3% vs 2024
- Average grant
- $10,233
- -26.1% vs 2024
- Median grant
- $5,000
- Total assets
- $29,665,134
- +4.9% vs 2024
- New grantees (estimate)
- 32% first-time grantees (12 of 37, 2025)
- Primary geography
- North Carolina (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Tom Russell Charitable Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Tom Russell Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Rise Southeast Raleigh Charter School Inc ($102K). Together the top 10 received $300K.
Grant Size Distribution
216 grants across all recorded years
The most common grant size was under $50K: 195 grants of 216 (90%).
Geographic Focus
Where this funder awards grants
In 2025, North Carolina recipients received 41% of grant dollars, followed by New York (19%), Illinois (16%), Oklahoma (10%), and Texas (5%). The largest listed grant went to an organization in Raleigh, North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 43 itemized grants.
States
Cities
Is Tom Russell Charitable Foundation Inc open to new grantees?
32%
first-time grantees, 2025
In 2025, 12 of 37 grantees (32%) were first-time recipients. First grants averaged $6K; repeat grants $15K. How we count
Medians: $3K first-time, $10K repeat.
- 62% of 2025 grantees were also funded in 2024. Method
- Giving fell 35% from 2022 to 2025. Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $440K (2025) to $680K (2022). In 2025 it made 43 grants totaling $440K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rise Southeast Raleigh Charter School Inc Raleigh, NC | General & Unrestricted | $102,000 |
| Donka Incorporated Wheaton, IL | General & Unrestricted | $50,000 |
| Henderson Collegiate Henderson, NC | General & Unrestricted | $22,500 |
| Partnership with Native Americans Addison, TX | General & Unrestricted | $20,000 |
| PS 70 Max Schoenfeld Bronx, NY | General & Unrestricted | $20,000 |
| Young Mens Christian Association Oklahoma City, OK | General & Unrestricted | $20,000 |
| Chess-in-the-Schools Inc New York, NY | General & Unrestricted | $17,500 |
| Latino Educational Achievement Partnership Durham, NC | General & Unrestricted | $15,000 |
| The Council of Urban Professionals Institute New York, NY | General & Unrestricted | $15,000 |
| Prep for Prep New York, NY | General & Unrestricted | $13,500 |
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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 | $29,665,134 | $2,204,168 | $825,556 | $440,000 | 43 | $2,317,891 | $2,154,277 | $2,791,868 |
| 2024 | $28,286,522 | $9,419,470 | $809,362 | $540,000 | 39 | $1,922,870 | $9,360,578 | $2,320,378 |
| 2023 | $19,675,414 | $266,371 | $1,000,816 | $660,000 | 51 | $2,058,616 | $256,542 | $1,915,395 |
| 2022 | $20,409,859 | $2,158,765 | $1,020,109 | $680,000 | 43 | $1,823,300 | $2,038,931 | $2,059,374 |
| 2021 | $19,271,203 | $3,273,630 | $851,231 | $550,000 | 40 | — | $3,186,061 | $1,824,049 |
Under IRS private-foundation payout rules, Tom Russell Charitable Foundation Inc reported a distributable amount of $2.8M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filings describe support for education, affordable housing, emergency shelter rebuilding, and homeownership. Its 2025 grants also show support for organizations whose missions include serving people with disabilities and Native American communities.
Among its grantees, RISE Southeast Raleigh Charter School says it prepares kindergarten-through-eighth-grade students for competitive high schools and four-year colleges. Donka Incorporated says it uses technology to improve the lives of people with disabilities. Chess in the Schools says it fosters the intellectual and social development of low-income youth through chess education. Partnership with Native Americans describes work addressing nutrition, health, education, emergency services, holiday support, and animal welfare.
Grantmaking
In 2025, the foundation made 43 grants totaling $440,000. Awards ranged from $1,000 to $102,000, with a median grant of $5,000. The largest listed grants included $102,000 to RISE Southeast Raleigh Charter School, $50,000 to Donka Incorporated, and $22,500 to Henderson Collegiate. Other notable grants included $20,000 each to Partnership with Native Americans, PS 70 Max Schoenfeld, and the Young Men’s Christian Association.
The foundation’s 2024 filing reports program support for RISE Southeast Raleigh school operations and capital projects; affordable rental homes for low-income households; rebuilding an emergency shelter destroyed by fire; and affordable homes for working families, older adults, and others in need. It also describes direct charitable activities involving bond debt and operating funds for Raleigh Charter High School Foundation, and access to credit for underserved communities buying or repairing homes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kwadwo Acheampong, director; J Kirby Aiken, secretary and senior director; Dawn Arthur, director; John L Bishop, vice president and senior director; Crawford Crenshaw, treasurer and senior director; and David S Lindquist, senior director and president.
Tom Russell Charitable Foundation Inc is led by David S Lindquist, Senior Director & President since 2025 (on filings since 2021); all 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
David S Lindquist
Senior Director & President
Director, President & Secretary → Secretary, Senior Director & President, 2024
Secretary, Senior Director & President → Senior Director & President, 2025
On filings since 2021
5 hrs/week
$27K (2021) → $20K (2025)
Crawford Crenshaw
Treasurer & Senior Director
Director & Secretary → Director, Secretary & Treasurer, 2023
Director, Secretary & Treasurer → Treasurer & Senior Director, 2024
On filings since 2021
5 hrs/week
$22K (2021) → $6K (2025)
J. Kirby Aiken
Secretary & Senior Director
Director, Vice President & President → President, Secretary & Senior Director, 2024
President, Secretary & Senior Director → Secretary & Senior Director, 2025
On filings since 2021
5 hrs/week
$25K (2021) → $15K (2025)
John L Bishop
Vice President & Senior Director
Director & Treasurer → Director, Treasurer & Vice President, 2023
Director, Treasurer & Vice President → Vice President & Senior Director, 2024
On filings since 2021
5 hrs/week
$25K (2021) → $15K (2025)
Dawn Arthur
Director
On filings since 2024
3 hrs/week
$12K (2025)
Kwadwo Acheampong
Director
On filings since 2024
3 hrs/week
$12K (2025)
Former officers (1)
- Former: Miguel A Rivera Rodgriguez (2024) — Director
Data from IRS Form 990 filings, 2021–2025. "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 $20K, to David S Lindquist (Senior Dir, Pres). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Tom Russell Charitable Foundation Inc
How much does Tom Russell Charitable Foundation Inc give each year?
Tom Russell Charitable Foundation Inc gave $440K across 43 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $540K across 39 grants.
What is Tom Russell Charitable Foundation Inc's typical grant size?
Tom Russell Charitable Foundation Inc's median grant in 2025 was $5,000, and its average grant was $10,233, across 43 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Tom Russell Charitable Foundation Inc that year got $6K on average.
Where does Tom Russell Charitable Foundation Inc give grants?
Tom Russell Charitable Foundation Inc's top state is North Carolina, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (19%) and Illinois (16%). The most frequent recipient cities were Raleigh, NC (8 grants), New York, NY (5 grants), Durham, NC (5 grants) and Oklahoma City, OK (4 grants).
Does Tom Russell Charitable Foundation Inc give general operating support?
Yes: 88% of Tom Russell Charitable Foundation Inc's 2025 grants with a stated purpose (38 of 43) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Tom Russell Charitable Foundation Inc's largest grantees?
Tom Russell Charitable Foundation Inc's largest 2025 grantees include Rise Southeast Raleigh Charter School Inc ($102,000), Donka Incorporated ($50,000) and PS 70 Max Schoenfeld ($23,500 across 2 grants), according to its 2025 IRS Form 990-PF. Together they received 40% of its itemized 2025 grant dollars.
How large is Tom Russell Charitable Foundation Inc?
Tom Russell Charitable Foundation Inc reported $29.7M in total assets on its 2025 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $2.8M (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 does Tom Russell Charitable Foundation Inc fund?
The foundation’s filings describe support for education, affordable housing, emergency shelter rebuilding, and homeownership. Its 2025 grants also show support for organizations whose missions include serving people with disabilities and Native American communities. See mission & focus areas ↑
How do I apply for a grant from Tom Russell Charitable Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Tom Russell Charitable Foundation Inc's EIN?
Tom Russell Charitable Foundation Inc's EIN (Employer Identification Number) is 36-6082517. IRS Form 990 filing data is available on this page for 2021–2025.
Does Tom Russell Charitable Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 14, 2026)
- IRS filings on file for fiscal years 2021–2025
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Cite this profile
Grantable. (2026). Tom Russell Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/tom-russell-charitable-foundation-inc-morg_858677fe6c3946338efe0831c4e43d66
BibTeX
@misc{grantable_366082517_2026,
author = {{Grantable}},
title = {{Tom Russell Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/tom-russell-charitable-foundation-inc-morg_858677fe6c3946338efe0831c4e43d66},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Tom Russell Charitable Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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