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Also known as: C/O MARSHA E RICH ESQ
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Josephine G Russell Trust is a private trust based in ANDOVER, MA. The foundation received its IRS ruling in 1972. The principal officer is . It holds total assets of $9M. Annual income is reported at $3.2M. The foundation is governed by 5 officers and trustees. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Josephine G Russell Trust has made 125 grants totaling $1.4M, with a median grant of $10K. Annual giving has grown from $419K in 2021 to $984K in 2022. Individual grants have ranged from N/A to $50K, with an average award of $11K. The foundation has supported 46 unique organizations. Grants have been distributed to organizations in Massachusetts and New Hampshire. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$10K
Average Grant
$11K
Largest Grant
$40K
Based on 43 grants from the most recent 990-PF filing.
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.
Josephine G Russell Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 125 grants. Its grantmaking reaches organizations primarily in MA, NH.
Josephine G Russell Trust has distributed a total of $1.4M across 125 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from N/A to $50K.
The application deadline is JANUARY 31 FOR THE YEAR FOR WHICH THE GRANTS ARE REQUESTED.. Grant recipients will be required to sign a receipt and assent in the form approved by the trust. In addition, the organization must certify to the trust that the funds have been expended for the purposes for which the grant was made and describe the disposition of the funds no later than december 31 of the year in which the grant was made. If the funds have not been fully spent by december 31, the organization must send a letter by that date stating how much of the grant has been spent and that the amount spent for the purposes for which the grant was made. Future grant requests from organizations which do not comply with this requirement will not be considered by the trustees.
Josephine G Russell Trust is headquartered in ANDOVER, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marsha E Rich Esq | TRUSTEE | $8K | $0 | $8K |
| Eileen M Khoury | TRUSTEE | $8K | $0 | $8K |
| John T Pollanoesq | TRUSTEE | $8K | $0 | $8K |
| Rev Christopher Casey | TRUSTEE | $8K | $0 | $8K |
| Matthew A Kraunelis | TRUSTEE | $8K | $0 | $8K |
Total Giving
$641K
Total Assets
$9.1M
Fair Market Value
$9.5M
Net Worth
$9.1M
Grants Paid
$475K
Contributions
N/A
Net Investment Income
$307K
Distribution Amount
$444K
Total: $8.9M
Total Grants
125
Total Giving
$1.4M
Average Grant
$11K
Median Grant
$10K
Unique Recipients
46
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lawrence General HospitalHEALTH | Lawrence, MA | $40K | 2022 |
| Lazarus HouseCHARITY | Lawrence, MA | $35K | 2022 |
| Notre Dame Cristo Rey High SchoolEDUCATION | Methuen, MA | $25K | 2022 |
| Food For The World IncCHARITY | Lawrence, MA | $22K | 2022 |
| Lawrence Catholic AcademyEDUCATION | Lawrence, MA | $20K | 2022 |
| Groundwork LawrenceCHARITY | Lawrence, MA | $20K | 2022 |
| Greater Lawrence Community Boating ProgramCHARITY | Lawrence, MA | $20K | 2022 |
| Neighbors In NeedCHARITY | Lawrence, MA | $20K | 2022 |
| Bread & RosesCHARITY | Lawrence, MA | $19K | 2022 |
| Professional Center For Child DevelopmentEDUCATION | Lawrence, MA | $15K | 2022 |
| Central Catholic High SchoolEDUCATION | Lawrence, MA | $15K | 2022 |
| Boys & Girls Club Of LawrenceCHARITY | Lawrence, MA | $15K | 2022 |
| Bellesini Osa AcademyEDUCATION | Lawrence, MA | $13K | 2022 |
| Teach For America MassachusettsEDUCATION | Boston, MA | $12K | 2022 |
| Brooks SchoolEDUCATION | North Andover, MA | $12K | 2022 |
| Notre Dame Education CenterEDUCATION | Lawrence, MA | $10K | 2022 |
| Bread & Roses HousingCHARITYCHARITY | Lawrence, MA | $10K | 2022 |
| Mary Immaculate Healthcare ServicesHEALTH | Lawrence, MA | $10K | 2022 |
| Esperanza AcademyEDUCATION | Lawrence, MA | $10K | 2022 |
| Appalachian Mountain ClubCHARITY | Boston, MA | $10K | 2022 |
| Merrimack Valley Food Bank IncCHARITY | Lowell, MA | $10K | 2022 |
| Lawrence ProsperaCHARITY | Lawrence, MA | $10K | 2022 |
| Communities Together IncCHARITY | Lawrence, MA | $10K | 2022 |
| Greater Lawrence Family Health CenterHEALTH | Methuen, MA | $8K | 2022 |
| Family Service Inc (Arise)HEALTH | Lawrence, MA | $8K | 2022 |
| Phillips AcademyEDUCATION | Andover, MA | $8K | 2022 |
| St George Eastern Orthodox ChurchCHARITY | Lawrence, MA | $8K | 2022 |