The Russell Family Foundation
- Assets
- $75.4m
- Revenue
- -$1.0m
- Investments
- $72.0m
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 91-1663336
Organization Overview
The Russell Family Foundation is located in Gig Harbor, WA. The organization was established in 1995. 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. 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 2014, Russell Family Foundation has awarded 1,729 individual grants totaling $43,933,063. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
JANE'S FELLOWSHIP PROGRAMTHE FOUNDATION OPERATES A GRANT-MAKING PROGRAM CALLED JANE'S FELLOWSHIP PROGRAM (JFP). JFP IS A YEAR-LONG PROGRAM THAT BRINGS TOGETHER A DIVERSE GROUP OF LEADERS WHO ARE ACTIVELY SERVING PIERCE COUNTY, WASHINGTON AND WORKING TO ADDRESS A WIDE RANGE OF COMMUNITY CHALLENGES. THE GOAL OF JFP IS TO DEEPEN LEADERSHIP SKILLS, EXPAND PERSPECTIVES AND ENCOURAGE EQUITABLE COLLABORATIONS FOR GRASSROOTS AND COMMUNITY LEADERS. IN THIS 12-MONTH, COHORT-BASED PROGRAM, FELLOWS MEET TWICE MONTHLY TO SHARE IN SKILLS TRAINING, EXPERIENTIAL LEARNING, AND COMMUNITY BUILDING. SEE ADDITIONAL DETAILS OF ACTIVITIES ON STATEMENT 20
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Simpson CEO | 40 | $406,238 | |
Sarah Cavanaugh President | 3 | $0 | |
Chris Rurik Vice President | 1 | $0 | |
Tim Cavanaugh Treasurer | 1 | $0 | |
Dion Rurik Secretary | 1 | $0 | |
Josh Cavanaugh Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Wealth Management | 12/30/22 | $225,211 |
Eric Larson | 12/30/22 | $86,563 |
Clark Nuber Ps | 12/30/22 | $85,646 |
Fearey Group | 12/30/22 | $63,563 |
Occam Advisors Inc | 12/30/22 | $57,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,083 |
| Dividends & Interest | $501,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,636,984 |
| Capital Gain Net Income | $514,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,089,070 |
| Total Revenue | -$1,004,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $406,238 |
| Other employee salaries and wages | $548,765 |
| Pension plans, employee benefits | $219,742 |
| Interest | $58,068 |
| Taxes | $102,020 |
| Depreciation | $0 |
| Occupancy | $16,814 |
| Travel, conferences, and meetings | $35,447 |
| Printing and publications | $1,183 |
| Other expenses | $683,649 |
| Total operating and administrative expenses | $2,931,574 |
| Contributions, gifts, grants paid | $1,979,555 |
| Total expenses and disbursements | $4,911,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,001 |
| Savings and temporary cash investments | $1,580,983 |
| Net Accounts receivable | $40,450 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,463,317 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,062 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $55,005,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $166,100 |
| Total assets | $75,360,711 |
| Accounts payable and accrued expenses | $430,872 |
| Grants payable | $345,784 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $201,000 |
| Total liabilities | $977,656 |
Grants Awarded
Over the last fiscal year, The Russell Family Foundation has awarded $2,418,809 in support to 185 organizations.
| Grant Recipient | Amount |
|---|---|
1 FOR THE PLANET PURPOSE: GENERAL OPERATING SUPPORT - LEARNING GRANT | $1,534 |
AGROS INTERNATIONAL PURPOSE: 2022 EMPLOYEE MATCHING GIFT - GREATEST NEED | $200 |
AIPACE WASHINGTON PURPOSE: CAPITAL CAMPAIGN FOR TERESITA BATAYOLA CLINIC | $25,000 |
AMERICAN LEADERSHIP FORUM PURPOSE: ALF 2022 FELLOWS PROGRAM TAKING STOCK RETREAT | $5,000 |
AMERICAN LEADERSHIP FORUM PURPOSE: EMPLOYEE MATCHING GIFT | $1,031 |
AMERICAN RIVERS PURPOSE: RECONNECTING AND RESTORING PUGET SOUND RIVERS, FLOODPLAINS AND COMMUNITIES | $40,000 |