Russell & Penny Fortune Foundation Inc
Preselected recipients only
Russell & Penny Fortune Foundation Inc is a private foundation in Zionsville, Indiana. In tax year 2024 it gave $231,510 in 6 grants; the typical grant was $36,207 and the largest $60,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$231,510
- Number of grants6
- Typical grant$36,207
- Largest grant$60,000
- Assets$5.8 million
- New grantees0%
Giving in 2024 was down from $261,804 the year before.
0% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $261,804 | 6 | $5.5 million |
| 2024 | $231,510 | 6 | $5.8 million |
How to apply
Russell & Penny Fortune Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Russell & Penny Fortune Foundation Inc funds
Where it gives
All of its grants went to recipients in Indiana.
| State | Grants | Amount |
|---|---|---|
| Indiana | 6 | $231,511 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Marion University | Education | $60,000 |
| Brebeuf Preparatory School Inc | Education | $54,896 |
| Cathedral High School | Education | $38,529 |
| International School of Indiana | Education | $33,885 |
| Park Tudor Foundation Inc | Education | $24,200 |
| Guerin Catholic High School | Education | $20,001 |
Officers and trustees
- Russell Fortune III
- Paul Lindemann
- William C Metzger
- Marc A Hetzner
- James P Fadley
Questions people ask
Does Russell & Penny Fortune Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Russell & Penny Fortune Foundation Inc give?
$231,510 in tax year 2024, across 6 grants, with a typical grant of $36,207.
Who runs Russell & Penny Fortune Foundation Inc?
Its 2024 filing lists Russell Fortune III (Chairman), Paul Lindemann (Secretary), William C Metzger (Director) and Marc A Hetzner (Director) among 5 officers and trustees.
What does Russell & Penny Fortune Foundation Inc fund?
Based on its grants, mainly education.