Tom Russell Charitable Foundation Inc

Organization Overview

Tom Russell Charitable Foundation Inc is located in Wilmington, DE. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tom Russell Charitable 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 08/2022, Tom Russell Charitable Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.0m during the year ending 08/2022. While expenses have increased by 6.1% per year over the past 4 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 2015, Tom Russell Charitable Foundation Inc has awarded 152 individual grants totaling $2,275,000. 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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Board, Officers & Key Employees

Name (title)Compensation
David S Lindquist
Dir, Pres
$27,500
John L Bishop
Dir, Treas
$25,000
J Kirby Aiken
Dir, VP
$25,000
Crawford Crenshaw
Dir, Sec
$19,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Foundation Source
$60,000
First American Bank
$88,911
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,851
Dividends & Interest $311,974
Net Rental Income$0
Net Gain on Sale of Assets $1,841,997
Capital Gain Net Income $1,841,997
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,943
Total Revenue $2,158,765

Grants Awarded

Over the last fiscal year, Tom Russell Charitable Foundation Inc has awarded $680,000 in support to 43 organizations.

Grant RecipientAmount

Brooklyn, NY

PURPOSE: SUPPORT THE CONTINUED EXPANSION OF OUR SOFTWARE ENGINEERING FELLOWSHIP, SPECIFICALLY TO NEARLY DOUBLE OUR ENROLLMENT TO 100 YOUNG PEOPLE IN THE COMING YEAR WHILE BUILDING THE INFRASTRUCTURE

$95,000

SOUTHEAST RALEIGH CHARTER FOUNDATION INC

Org PageRecipient Profile

Raleigh, NC

PURPOSE: GENERAL & UNRESTRICTED

$82,000

LATINO EDUCATIONAL ACHIEVEMENT PARTNERSHIP

Org PageRecipient Profile

Durham, NC

PURPOSE: OPERATE TWO HIGH-QUALITY PRESCHOOL PROGRAMS AS WELL AS A TUTORING PROGRAM FOR OLDER STUDENTS

$55,000

CHESS-IN-THE-SCHOOLS INC

Org PageRecipient Profile

New York, NY

PURPOSE: TEACHERS WILL RECEIVE CUSTOMIZED TRAINING AND ACCESS TO TECHNOLOGY TOOLS THAT ALLOW OFFERING CHESS INSTRUCTION TO STUDENTS AT THEIR SCHOOLS, AT THEIR OWN PACE

$50,000

Denver, CO

PURPOSE: TO SUPPORT THE TEACHING/MENTORING PROGRAM

$50,000

DONKA INCORPORATED

Org PageRecipient Profile

Wheaton, IL

PURPOSE: GENERAL & UNRESTRICTED

$50,000
View Grant Profile

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