Allen and Kelli Questrom Foundation
Allen and Kelli Questrom Foundation is a private foundation, 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.
Allen and Kelli Questrom Foundation at a glance
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.
- Annual giving (2024)
- $3,750,000
- -2.2% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $535,714
- +11.8% vs 2023
- Median grant
- $25,000
- Total assets
- $46,571,679
- +11.0% vs 2023
- Primary geography
- Massachusetts (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Allen and Kelli Questrom Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Boston University ($3.5M across 2 grants). Together the top 5 received $3.6M.
Organizations only. It also paid 1 individual scholarship ($125,000), which are not listed by name.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 10 grants of 25 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $200K (2020) to $3.8M (2023). In 2024 it made 7 grants totaling $3.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boston University Boston, MA | Innovate @ Bu Initiative Fund | $3,500,000 |
| 1 individual scholarship Recipients not named | — | $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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $46,571,679 | $12,934,839 | $4,661,649 | $3,750,000 | 7 | $3,816,808 | $4,113,512 | $2,608,240 |
| 2023 | $41,956,839 | $6,508,744 | $4,642,193 | $3,835,000 | 8 | $3,888,129 | $1,834,092 | $2,274,281 |
| 2022 | $41,667,233 | $5,548,799 | $4,389,398 | $3,705,571 | 6 | $3,758,206 | $2,663,107 | $2,399,837 |
| 2021 | $41,391,876 | $6,834,929 | $2,857,486 | $2,200,006 | 2 | $2,246,742 | $3,072,788 | $2,297,016 |
| 2020 | $38,157,672 | $3,901,789 | $774,380 | $200,006 | 2 | — | $2,414,208 | $1,961,142 |
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.
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
The highest reported compensation on the 2024 filing was $25K, to Kyle McHugh (Director).
Frequently asked questions 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), West Point Association of Graduates ($25,000) and Texas Public Policy Foundation ($25,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($125,000), which are not listed by name. Together they received 96% of its itemized 2024 grant dollars.
How large is Allen and Kelli Questrom Foundation?
Allen and Kelli Questrom Foundation reported $46.6M in total assets on its 2024 IRS Form 990-PF. It paid out $3.8M in qualifying distributions that year, against a required minimum of $2.6M (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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