The@peter & Mary Russo Family Foundation Inc

Organization Overview

The@peter & Mary Russo Family Foundation Inc is located in Surf City, NJ. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@peter & Mary Russo Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, The@peter & Mary Russo Family Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $956.6k during the year ending 12/2021. While expenses have increased by 11.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, The@peter & Mary Russo Family Foundation Inc has awarded 209 individual grants totaling $3,523,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1,088
Dividends & Interest $332,062
Net Rental Income$0
Net Gain on Sale of Assets $1,305,327
Capital Gain Net Income $1,305,327
Net ST Capital Gain $78,592
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$10,996
Total Revenue $1,627,481

Grants Awarded

Over the last fiscal year, The@peter & Mary Russo Family Foundation Inc has awarded $661,000 in support to 29 organizations.

Grant RecipientAmount

ST JUDE CHILDREN'S HOSPITAL

PURPOSE: SUPPORT RESEARCH AND TREATMENT

$100,000

THE BARAK OBAMA FOUNDATION

PURPOSE: FUNDING OF OPERATIONS

$65,000

HOAG HOSPITAL FOUNDATION

Org PageRecipient Profile

Newport Beach, CA

PURPOSE: SUPPORT RESEARCH AND TREATMENT

$55,000

KURE LTL INCKURE IT CANCER

PURPOSE: RESEARCH & FUNDING OF OPERATIONS

$31,000

GEORGETOWN UNIVERSITY

PURPOSE: SUPPORT EDUCATION

$30,000

ANTHONY RIZZO FAMILY FOUNDATION

Org PageRecipient Profile

Parkland, FL

PURPOSE: FUNDING OF OPERATIONS

$25,000
View Grant Profile

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