Allen and Kelli Questrom Foundation

Foundation · Grantmaker Dallas, TX EIN: 27-2598904

Allen and Kelli Questrom Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46.6M in total assets. In 2024, it awarded 7 grants totaling $3.8M. Net investment income was $4.1M.

Key facts about Allen and Kelli Questrom Foundation

In short: Allen and Kelli Questrom Foundation gave $3.8M across 7 grants in 2024 (avg $536K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.

EIN: 27-2598904
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $3,750,000
Grants made (2024): 7
Average grant: $535,714
Median grant: $25,000
Total assets: $46,571,679
Primary geography: Massachusetts (95% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Quick answers about Allen and Kelli Questrom Foundation

How much does Allen and Kelli Questrom Foundation give each year?

Allen and Kelli Questrom Foundation gave $3.8M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.8M across 8 grants.

What is Allen and Kelli Questrom Foundation's typical grant size?

Allen and Kelli Questrom Foundation's median grant in 2024 was $25,000, and its average grant was $535,714, across 7 grants on its 2024 IRS Form 990-PF.

Where does Allen and Kelli Questrom Foundation give grants?

Allen and Kelli Questrom Foundation gives mostly in Massachusetts: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).

Does Allen and Kelli Questrom Foundation give general operating support?

Yes: 43% of Allen and Kelli Questrom Foundation's 2024 grants with a stated purpose (3 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Allen and Kelli Questrom Foundation's largest grantees?

Allen and Kelli Questrom Foundation's largest 2024 grantees include Boston University ($3,550,000 across 2 grants), Aspen Music Festival and School ($125,000) and West Point Association of Graduates ($25,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.

How Allen and Kelli Questrom Foundation gives

Giving grew 70% from 2021 to 2024. Method
In 2024 it paid out 146% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Allen and Kelli Questrom Foundation

How to evaluate Allen and Kelli Questrom Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Allen and Kelli Questrom Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$46.6M

+11.0% YoY

Annual Giving

$3.8M

-2.2% YoY

Grant Count

-12.5% YoY

Avg Grant Size

$536K

+11.8% YoY

Under IRS private-foundation payout rules, Allen and Kelli Questrom Foundation reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.

About Allen and Kelli Questrom Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Allen and Kelli Questrom Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $3.5M (95%)

Colorado $140K (4%)

New York $35K (1%)

Texas $25K (1%)

Share of all 7 itemized 2024 grant dollars.

States

Colorado Connecticut Massachusetts New York Texas

Cities

BostonAspenAustinStamfordWest PointBoulderCambridgeNew YorkSteamboat Springs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$46,571,679	$41,956,839	$41,667,233
Revenue	$12,934,839	$6,508,744	$5,548,799
Expenses	$4,661,649	$4,642,193	$4,389,398
Qualifying Distributions	$3,816,808	$3,888,129	$3,758,206
Net Investment Income	$4,113,512	$1,834,092	$2,663,107
Distributable Amount	$2,608,240	$2,274,281	$2,399,837

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Recipient	Purpose	Amount
BOSTON UNIVERSITY Boston, MA	INNOVATE @ BU INITIATIVE FUND	$3,500,000
ASPEN MUSIC FESTIVAL AND SCHOOL Aspen, CO	Low Income Student Scholarships	$125,000
BOSTON UNIVERSITY Boston, MA	AL Amyloidosi Clinical Research	$50,000
WEST POINT ASSOCIATION OF GRADUATES West Point, NY	RECOGNITION	$25,000
TEXAS PUBLIC POLICY FOUNDATION Austin, TX	GENERAL	$25,000
THE STEAMBOAT INSTITUTE Steamboat Springs, CO	GENERAL	$15,000
NATIONAL REVIEW INSTITUTE New York, NY	GENERAL	$10,000

Leadership & Key People

Officers and directors from IRS filings

Allen and Kelli Questrom Foundation is led by Allen I. Questrom, President & Director on every filing since 2020; 1 of 4 officers listed in 2024 is compensated.

Officers on the 2024 filing

Allen I. Questrom

President & Director

On filings since 2020

No compensation reported
Kyle McHugh

Director

On filings since 2023

$25K (2023) → $25K (2024)
Ben Beavers

Director

On filings since 2020

No compensation reported
Carol L. Kelli Questrom

S, T & Director

On filings since 2020

No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Allen and Kelli Questrom Foundation?

Allen and Kelli Questrom Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. It holds $46.6M in total assets as of 2024.

How large is Allen and Kelli Questrom Foundation?

As of 2024, Allen and Kelli Questrom Foundation holds $46.6M in total assets with $12.9M in annual revenue. It awarded 7 grants totaling $3.8M in 2024.

How much is Allen and Kelli Questrom Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Allen and Kelli Questrom Foundation reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Allen and Kelli Questrom Foundation's EIN?

Allen and Kelli Questrom Foundation's EIN (Employer Identification Number) is 27-2598904. IRS Form 990 filing data is available on this page for 2020–2024.