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Filing year 2024

THE HERMAN J RUSSELL FOUNDATION

Detroit, Michigan·EIN 58-6343476·NTEE T20Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$559k
Total assets
$738k
Total expenses
$260k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. THE HERMAN J RUSSELL FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$255k

Itemized grants

3

Median grant

$60k

RecipientLocationPurposeAmount
HERMAN J RUSSELL CENTER FOR INNOVATION AND ENTREPRENEURSHIP INCATLANTA, GASUPPORT OF DAILY OPERATIONS$150k
American AncestorsBoston, MASUPPORT OF DAILY OPERATIONS$60k
NAMC GREATER ATLANTA INC NATIONAL ASSOCIATION OF MINORITY CONTRACMARIETTA, GASUPPORT OF DAILY OPERATIONS$45k
Financial trend

Revenue and expenses over time

THE HERMAN J RUSSELL FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.7M
$4.3M
2023
$559k
$260k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

THE HERMAN J RUSSELL FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about THE HERMAN J RUSSELL FOUNDATION

What are THE HERMAN J RUSSELL FOUNDATION's revenue and expenses?

In 2024, THE HERMAN J RUSSELL FOUNDATION reported $559k in total revenue and $260k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.