The@michael H And Lois J Russell Family Foundation

Organization Overview

The@michael H And Lois J Russell Family Foundation is located in Lillian, AL. The organization was established in 2000. 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@michael H And Lois J 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.

For the year ending 12/2021, The@michael H And Lois J Russell Family Foundation generated $61.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $53.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, The@michael H And Lois J Russell Family Foundation has awarded 40 individual grants totaling $208,000. 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
Michael Russell
Trustee
$0
Lois Russell
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $33,778
Net Rental Income$0
Net Gain on Sale of Assets $27,232
Capital Gain Net Income $26,940
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $61,010

Grants Awarded

Over the last fiscal year, The@michael H And Lois J Russell Family Foundation has awarded $50,000 in support to 10 organizations.

Grant RecipientAmount

BALDWIN CO SHERIFF'S BOYS RANCH

PURPOSE: OPERATING FUND

$10,000

WORLD WAR II MUSEUM

PURPOSE: OPERATING FUND

$5,000

LILLIAN PERDIDO BAY LIBRARY

PURPOSE: OPERATING FUND

$5,000

LILLIAN UNITED METHODIST CHURCH

PURPOSE: OPERATING FUND

$5,000

LILLIAN VOLUNTEER FIRE DEPT

Org PageRecipient Profile

Lillian, AL

PURPOSE: OPERATING FUND

$5,000

LILLIAN RECREATIONAL PARK INC

Org PageRecipient Profile

Lillian, AL

PURPOSE: OPERATING FUND

$5,000
View Grant Profile

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