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Gene And Loretta Russell Foundation is a private trust based in SPRING, TX. The foundation received its IRS ruling in 2015. It holds total assets of $285K. Annual income is reported at $142K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Gene And Loretta Russell Foundation has made 8 grants totaling $14K, with a median grant of $1K. Annual giving has grown from $5K in 2020 to $9K in 2023. Individual grants have ranged from $1K to $4K, with an average award of $2K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gene And Loretta Russell Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in TX.
Gene And Loretta Russell Foundation has distributed a total of $14K across 8 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $1K to $4K.
Gene And Loretta Russell Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gene And Loretta Russell Foundation is headquartered in SPRING, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Allen E Russell | TRUSTEE | $0 | $0 | N/A |
Total Giving
$9K
Total Assets
$152K
Fair Market Value
$187K
Net Worth
$152K
Grants Paid
$4K
Contributions
N/A
Net Investment Income
$3K
Distribution Amount
$9K
Total: $151K
Total Grants
8
Total Giving
$14K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
5
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| U Of H AthleticsUNRESTRICTED CONTRIBUTION | Houston, TX | $2K | 2023 |
| Champion Forest Baptist ChurchUNRESTRICTED CONTRIBUTION | Houston, TX | $1K | 2023 |
| John Wesley United Methodist ChurchUNRESTRICTED CONTRIBUTION | Houston, TX | $1K | 2023 |
| City Of BaytownCHARITY | Baytown, TX | $4K | 2020 |
| Greater Houston Community FoundationCHARITY | Houston, TX | $2K | 2020 |