Peter & Mary Russo Family Foundation
At a glance
This funder does not accept unsolicited applications. The foundation chooses the organisations it funds itself.
Key takeaways
- The foundation makes contributions only to organisations it has preselected and does not accept unsolicited requests, and the filing gives no route for an organisation to seek preselection, so a cold application is unlikely to be considered and you should not send one.
- Most of its grants fall between $5,000 and $50,000, with a median of $20,000 across 83 grants, so a request in that range matches its typical pattern, though its largest grant was $100,000 and that band is not a ceiling.
- Its recent filings show that 92% of its grant dollars to organisations went to groups it had already funded, so it is largely a repeat funder and a new applicant faces a difficult route in.
- No geographic focus is stated; its grants have mainly gone to organisations in California, Tennessee, District of Columbia, New Jersey and Illinois, but that is a record of past giving, not a rule about who may apply.
Overview
Peter & Mary Russo Family Foundation is a US private foundation based in Surf City, NJ.
What they fund
Profile based on the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) only: no website or other web source for the foundation was found. Every statement is checked against the filings. Sources read on 7 October 2026.
Priority Areas
The foundation’s recorded grants support a varied range of charitable organisations. Recipients include hospitals and organisations supporting research and treatment, universities and scholarship endowments, food and community-service organisations, and environmental groups. Many grants are recorded as general operating support; other stated purposes include research and treatment, scholarship endowment funding, education and nutritional services. The grant record spans different kinds of organisation rather than one named beneficiary, with support for both institutional operations and specific research, educational and service purposes.
Geographic Focus
No geographic focus is stated; the filings show grants mainly in California, Tennessee, District of Columbia, New Jersey and Illinois.
How to apply
The foundation makes contributions only to preselected charitable organisations and does not accept unsolicited requests. The filing gives no route for an organisation to seek preselection.
Application success factors
- Repeat giving: In its TY2024 filing, 92% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
- Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 83 grants to organisations were $20,000 or less.
Where grants go
From grants to organisations in the foundation’s filings for tax years 2022–2024.
Grant dollars by state
6 other states: 11%
Outside the US or with no state on the filing: 2%
- The largest single recipient received 16% of grant dollars to organisations.
- In tax year 2024, 92% of grant dollars went to organisations Peter & Mary Russo Family Foundation had funded in earlier filings.
- No grants were paid directly to organisations outside the US.
- 7% of grant dollars went to intermediaries that regrant to other organisations.
Grants
How much do they typically give?
Share of 25 grants in tax year 2024 by size
Median $20,000 (tax year 2024)
The largest grants to organisations in the foundation’s latest filing:
- ST Jude Children's Hospital · Support research and treatment$100,0002024 tax year
- Barack Obama Foundation · Funding of operations$65,0002024 tax year
- Physicians Committee For Responsibl · Research and funding of operations$50,0002024 tax year
- Hoag Hospital Foundation · Support research and treatment$50,0002024 tax year
- Kure LTL Inckure It Cancer · Research & funding of operations$40,0002024 tax year
- The College Of NJ Foundation TCNJ · Provide scholarship endowment funding$32,0002024 tax year
- Augies Quest To Cure Als · Research and funding of operations$30,0002024 tax year
- Stephen Ayesha Curry's Eat Learn PL · Funding of operations.$30,0002024 tax year
Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.
Officers and directors
- Nancy Mcdevitt — Vice President
- Marianne Nahin — Vice President
- Peter J Russo Jr — President
From the latest Form 990-PF filing
3 years of tax filings
| Year | Total expenses | Grants paid | Assets | Filing document |
|---|---|---|---|---|
| 2022 tax year | $957,916 | $640,000 | $0 | Filing for 2022 tax year |
| 2023 tax year | $821,819 | $595,000 | $16,068,033 | Filing for 2023 tax year |
| 2024 tax year | $871,892 | $625,000 | $17,826,955 | Filing for 2024 tax year |
Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.
Sources
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At a glance

Applying to Peter & Mary Russo Family Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Surf City, NJ

Applying to Peter & Mary Russo Family Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Surf City, NJ