Russo Family Foundation
- Assets
- $736.7k
- Revenue
- -$4.3k
- Investments
- $726.7k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/2006
- Data as of
- 06/2024
- EIN
- 20-3950808
Organization Overview
Russo Family Foundation is located in Palm Beach Gardens, FL. The organization was established in 2006. 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. Russo Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Russo Family Foundation has awarded 93 individual grants totaling $574,339. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Russo Trustee | 0.25 | $0 | |
Thomas Russo Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $32,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,662 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $535 |
| Total Revenue | -$4,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,013 |
| Total operating and administrative expenses | $3,043 |
| Contributions, gifts, grants paid | $131,668 |
| Total expenses and disbursements | $134,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $736,684 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Russo Family Foundation has awarded $131,668 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR INTERNATIONAL ED PURPOSE: SCHOLARSHIPS FOR EDUCATION OF STUDENTS WHOSE LIVES ARE IN JEOPARDY | $100,000 |
LABSHUL PURPOSE: SUPPORT FOR PRACTICE OF JUDAISM | $454 |
AISH GLOBAL PURPOSE: STUDY OF JUDAISM | $1,000 |
XAXIER HIGH SCHOOL PURPOSE: SUPPORT FOR HIGH SCHOOL EDUCATION | $500 |
JEWISH FDN FOR EDUCATION OF WOMEN PURPOSE: SCHOLARSHIPS FOR COLLEGE EDUCATION | $3,000 |
PAN MASS CHALLENGE PURPOSE: CANCER RESEARCH | $1,000 |