//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Russo Family Foundation Inc. is a private corporation based in CARLSTADT, NJ. The foundation received its IRS ruling in 2017. The principal officer is Edward Russo. It holds total assets of $316K. Annual income is reported at $593K. The foundation is governed by 3 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in New Jersey. According to available records, Russo Family Foundation Inc. has made 85 grants totaling $2.3M, with a median grant of $7K. Annual giving has decreased from $1.8M in 2022 to $561K in 2023. Individual grants have ranged from $500 to $500K, with an average award of $28K. The foundation has supported 45 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Georgia, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$10K
Average Grant
$26K
Largest Grant
$180K
Based on 20 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.
Russo Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 85 grants. Its grantmaking reaches organizations primarily in NJ, NY, GA.
Russo Family Foundation Inc. has distributed a total of $2.3M across 85 grants. The median grant size is $7K, with an average of $28K. Individual grants have ranged from $500 to $500K.
Russo Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Russo Family Foundation Inc. is headquartered in CARLSTADT, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Edward Russo | CEO | $0 | $0 | N/A |
| Kimberly Pembroke | PRESIDENT | $0 | $0 | N/A |
| Shalom Russo | TREASURER/SECRETARY | $0 | $0 | N/A |
Total Giving
$564K
Total Assets
$467K
Fair Market Value
$467K
Net Worth
$467K
Grants Paid
$561K
Contributions
$563K
Net Investment Income
N/A
Distribution Amount
$24K
Total Grants
85
Total Giving
$2.3M
Average Grant
$28K
Median Grant
$7K
Unique Recipients
45
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Homes Fit For Heroes IncTO PROVIDE SHELTER TO WOUNDED WARRIORS. | Ramsey, NJ | $5K | 2023 |
| Dmr FoundationUNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | Hasbrouck Heights, NJ | $1K | 2023 |
| We Provide Foundation IncGENERAL SUPPORT. | Albany, NY | $500K | 2022 |
| Full Gospel Bethany Church IncCOMMUNITY OUTREACH. | Wyckoff, NJ | $122K | 2023 |
| Community Food Bank Of New Jersey IncFOOD BANKS, FOOD PANTRIES, AND FOOD DISTRIBUTION. | Hillside, NJ | $83K | 2023 |
| Hackensack Meridian Health FoundationCOMMUNITY HEALTH CARE. | Edison, NJ | $50K | 2023 |
| Meadowlands Area Young Mens Christian AssociationUNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | East Rutherford, NJ | $50K | 2023 |
| All Stars Project IncYOUTH DEVELOPMENT, SHELTER, AND CRISIS SERVICES. | New York, NY | $50K | 2023 |
| Northern New Jersey Council Boy Scouts Of America IncCOMBAT JUVENILE DELINQUENCY. | Oakland, NJ | $25K | 2023 |
| Foundation For The New Jersey Hall Of Fame IncEDUCATION. | Newark, NJ | $25K | 2023 |
| Homeworks Trenton IncHELP YOUNG WOMEN FROM MARGINALIZED COMMUNITIES. | Princeton, NJ | $25K | 2023 |
| March Of Dimes IncCHILD AND MOTHER HEALTH RESEARCH. | Atlanta, GA | $25K | 2023 |
| Cerebral Palsy Of North Jersey Incpillar Care ContinuumSUPPORTING PEOPLE WITH DISABILITIES. | East Hanover, NJ | $15K | 2023 |
| Soup Kitchen 411 IncALLEVIATE THE HUNGER PROBLEM IN THE US. | Bethlehem, PA | $15K | 2023 |
| Robert J Dinallo Memorial Scholarship Fund-Archdiocese Of NewarkEDUCATION. | Montvale, NJ | $15K | 2023 |
| Jewish Vocational Service Of MetrowestHELP WITH CAREER GOALS FOR UNDERSERVED INDIVIDUALS. | Livingston, NJ | $10K | 2023 |
| Metropolitan Ymca Of The OrangesYOUTH DEVELOPMENT AND HEALTHY LIVING PROGRAMS. | Livingston, NJ | $10K | 2023 |
| United Way Of Northern New Jersey IncAIDS HEALTH, EDUCATION AND FINANCIAL NEEDS. | Morristown, NJ | $8K | 2023 |
| Foundation For Eastern Christian School AssociationEDUCATION. | North Haledon, NJ | $6K | 2023 |
| Spanish Health Ministry IncHEALTH SERVICES. | Kennett Square, PA | $6K | 2023 |
| The Valerie FundSUPPORTING CHILDREN WITH CANCER. | Maplewood, NJ | $5K | 2023 |
| Oasis A Heaven For Women And ChildrenASSISTS IMPOVERISHED FAMILIES. | Paterson, NJ | $2K | 2023 |
| Patriots Path Council Inc Boy Scouts Boy Scouts Of AmericaYOUTH SERVICES. | Cedar Knolls, NJ | $2K | 2023 |
| Bergen County Historical SocietyTO COLLECT AND PRESERVE DATA AND OBJECTS OF HISTORICAL SIGNIFICANCE. | River Edge, NJ | $2K | 2023 |
| First Shiloh Baptist ChurchUNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | Orange, NJ | $1K | 2023 |
| Lm Home School OrganizationEDUCATION OF CHILDREN. | Mahwah, NJ | $1K | 2023 |
| Marines Care Foundation In Memory Of L Cpl Chris Cosgrove Iii IncTO SUPPORT MARINES. | Ledgewood, NJ | $1K | 2023 |
| Winslow Therapeutic Riding Unlimited IncANIMAL THERAPY. | Warwick, NY | $1K | 2023 |
| House Of Prayer Episcopal ChurchGENERAL SUPPORT. | Newark, NJ | $25K | 2022 |
| Hackensack Performing Arts Center IncPERFORMING ART PROGRAMS. | Hackensack, NJ | $15K | 2022 |
| Archdiocese Of NewarkEDUCATION. | Montvale, NJ | $14K | 2022 |
| New Hope Community Ministries A Nj Nonprofit CorpCOUNSELING, MENTORING, PARENTING CLASSES, IMMIGRATION CLINICS. | Prospect Park, NJ | $12K | 2022 |
| Cerebral Palsy Of Northern Jersey Inc Dba Pillar Care ContinuumSUPPORT INDIVIDUALS WITH DISABILITIES. | East Hanover, NJ | $10K | 2022 |
| Healing The Children New Jersey IncTO SUPPORT MEDICAL CARE FOR CHILDREN IN NEED. | Hawthorne, NJ | $8K | 2022 |