Russell Family Foundation
- Assets
- $6.6m
- Revenue
- $196.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-4827883
Organization Overview
Russell Family Foundation is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Russell 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 2020, Russell Family Foundation has awarded 16 individual grants totaling $485,272. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTED CHARITABLE ORGANIZATIONS AND ACTIVITIES THROUGH THE AWARDING OF 9 GRANTS TO 9 DIFFERENT ORGANIZATIONS TOTALING $288,735, IMPACTING THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NINE GRANTS WERE MADE TO TAX-EXEMPT CHARITABLE ORGANIZATIONS TO SUPPORT CHARITABLE ACTIVITIES PRIMARILY IN SOUTHEASTERN MICHIGAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariam C Noland President & Secretary | OfficerTrustee | 0.5 | $0 |
Kenneth Whipple Treasurer | OfficerTrustee | 0.5 | $0 |
John G Russell Chair | OfficerTrustee | 0.5 | $0 |
Margaret A Russell Vice Chair | OfficerTrustee | 0.5 | $0 |
Jenilyn Norman Start 12142021 Vice President, Finance And Administration | Officer | 0.5 | $0 |
Paul C Hillegonds Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
| Total Program Service Revenue | $0 |
| Investment income | $179,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $288,735 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,847 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,643,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,643,849 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $268,735 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $268,735 |
| Net assets without donor restrictions | $6,375,114 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,643,849 |
Grants Awarded
Over the last fiscal year, Russell Family Foundation has awarded $288,735 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Portage, MI PURPOSE: GENERAL OPERATIONS /STUDENT-ATHLETE DEVELOPMENT | $70,000 |
Detroit, MI PURPOSE: SUPPORT FOR AN URBAN EQUESTRIAN CENTER WITH EXPANDED EDUCATIONAL PROGRAMMING | $27,500 |
Ann Arbor, MI PURPOSE: SUPPORT TO EXPAND PARA-EQUESTRIAN PROGRAMMING THROUGHOUT SE MICHIGAN | $27,500 |
Ann Arbor, MI PURPOSE: SUPPORT FOR A HIGH SCHOOL READINESS PROGRAM ADDRESSING ACADEMIC, SOCIAL, AND EMOTIONAL TRANSITIONS | $27,500 |
Oak Park, MI PURPOSE: SUPPORT FOR IMPROVING CHILDREN'S ACCESS TO HEALTHY FOOD | $27,500 |
Detroit, MI PURPOSE: SUPPORT FOR IMPORVING ORGANIZATIONAL INFRASTRUCTURE, SKILLS, AND CAPACITY | $27,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Russell Family Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $5,799,068 |
| Earnings | $864,781 |
| Grants | $288,735 |
| Ending Balance | $6,375,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Weiser Family Foundation Ann Arbor, MI | $11,876,991 | $9,009,221 |
Tr Uw Otto Luedeking Cincinnati, OH | $12,193,885 | $1,246,255 |
Otto B Schoepfle Charitable Trust 4749 Columbus, OH | $4,261,232 | $304,580 |
Russell Family Foundation Detroit, MI | $6,643,849 | $196,791 |
St Thomas Aquinas Foundation Inc Cincinnati, OH | $418,091 | $247,916 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Community Impact Partners Traverse City, MI | $19,279 | $0 |
Kidney Foundation Of Ohio Real Estate Foundation Cleveland, OH | $356,228 | $61,253 |
Ternet Fam Foundation Tr Evansville, IN | $2,062,998 | $94,873 |
Hyman M Schwartz Charitable Foundation Detroit, MI | $555,258 | $36,001 |