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Russell And Penny Fortune Foundation Inc. is a private corporation based in ZIONSVILLE, IN. The foundation received its IRS ruling in 1998. The principal officer is Russell Fortune Iii. It holds total assets of $4.3M. Annual income is reported at $192K. Total assets have grown from $2.2M in 2011 to $4.3M in 2024. The foundation is governed by 6 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Indiana. According to available records, Russell And Penny Fortune Foundation Inc. has made 4 grants totaling $247K, with a median grant of $69K. Individual grants have ranged from $24K to $85K, with an average award of $62K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Smallest Grant
$62K
Median Grant
$72K
Average Grant
$72K
Largest Grant
$82K
Based on 3 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.
Russell And Penny Fortune Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IN.
Russell And Penny Fortune Foundation Inc. has distributed a total of $247K across 4 grants. The median grant size is $69K, with an average of $62K. Individual grants have ranged from $24K to $85K.
Russell And Penny Fortune Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Russell And Penny Fortune Foundation Inc. is headquartered in ZIONSVILLE, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James P Fadely | EXECUTIVE DIRECTOR | $25K | $0 | $25K |
| William C Metzger | DIRECTOR | $0 | $0 | N/A |
| Marc A Hetzner | DIRECTOR | $0 | $0 | N/A |
| Paul Lindemann | SECRETARY | $0 | $0 | N/A |
| Russell Fortune Iii | CHAIRMAN | $0 | $0 | N/A |
| Penny Fortune | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.3M
Fair Market Value
N/A
Net Worth
$4.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$247K
Average Grant
$62K
Median Grant
$69K
Unique Recipients
4
Most Common Grant
$63K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| International School Of IndianaEDUCATION | Indianapolis, IN | $85K | 2021 |
| Brebeuf Preparatory School IncEDUCATION | Indianapolis, IN | $74K | 2021 |
| Cathedral High SchoolEDUCATION | Indianapolis, IN | $63K | 2021 |
| Park Tudor Foundation IncEDUCATION | Indianapolis, IN | $24K | 2021 |