Tom Russell Charitable Foundation Inc
- Assets
- $20.4m
- Revenue
- $2.2m
- Investments
- $18.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1963
- Data as of
- 08/2022
- EIN
- 36-6082517
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) | Role | Hours | Compensation |
|---|---|---|---|
David S Lindquist Dir, Pres | 5 | $27,500 | |
J Kirby Aiken Dir, VP | 5 | $25,000 | |
John L Bishop Dir, Treas | 5 | $25,000 | |
Crawford Crenshaw Dir, Sec | 5 | $19,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First American Bank | 8/30/22 | $88,911 |
Foundation Source | 8/30/22 | $60,000 |
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 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,409 |
| Printing and publications | $0 |
| Other expenses | $60,858 |
| Total operating and administrative expenses | $340,109 |
| Contributions, gifts, grants paid | $680,000 |
| Total expenses and disbursements | $1,020,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $476,457 |
| 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 | $1,651,000 |
| Total assets | $20,409,859 |
| 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, Tom Russell Charitable Foundation Inc has awarded $680,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Raleigh, NC PURPOSE: GENERAL & UNRESTRICTED | $82,000 |
Durham, NC PURPOSE: OPERATE TWO HIGH-QUALITY PRESCHOOL PROGRAMS AS WELL AS A TUTORING PROGRAM FOR OLDER STUDENTS | $55,000 |
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 |
Chicago, IL PURPOSE: ENABLE ERIE TO LEVERAGE THE RETURN TO IN-PERSON SERVICES, HARNESS NEW TECHNOLOGY, AND COLLABORATE WITH A NEW YOUTH ADVISORY COMMITTEE TO RE-ENGAGE PATIENTS IN CARE AND REACH INCREASING NUMBERS OF ADOLESCENTS TO ADDRESS THE TRAUMA THEY HAVE EXPERIENCED | $50,000 |
Denver, CO PURPOSE: TO SUPPORT THE TEACHING/MENTORING PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |