EQT Foundation is a private corporate foundation based in Canonsburg, Pennsylvania. Since its inception, the foundation has awarded nearly $80 million to nonprofits throughout the operational footprint of EQT Corporation. The foundation operates as a 501(c)(3) organization and has been tax-exempt since June 2003.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.2M
-9.7% YoY
Annual Giving
$6.3M
+56.0% YoY
Grant Count
367
-6.9% YoY
Avg Grant Size
$17K
+67.5% YoY
Under IRS private-foundation payout rules, Eqt Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports programs designed to promote education for children and adults; encourage the development of safe and livable communities; promote the environment and preservation of local natural resources; and foster understanding and appreciation of culture and heritage.
The EQT Foundation's funding strategy endorses organizations and programs that directly impact the community and its residents. The foundation supports nonprofits that demonstrate positive, needed, and trusted impacts throughout their community with special attention given to proposals grounded in analysis that demonstrate creative approaches to addressing critical issues.
Primary funding focus areas include:
- Education — including STEM education and workforce development
- Community Enrichment — encouraging the development of diverse, safe, healthy and sustainable communities; examples include food banks, libraries, farmers markets, arts & music programs, and community festivals & initiatives
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts & Culture
- Environmental initiatives — preservation of local natural resources
- Diversity initiatives
- General support
The foundation also administers matching gift programs and scholarship programs including the WV Students of Excellence Scholarship and the Aspire Scholarship Program.
Grantmaking
All applications must be received by the 1st of the month prior to the quarterly board meetings.
Average Grant
amount: $10,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Pennsylvania, West Virginia, and Ohio, which account for 82% of all grants. Grantmaking reaches organizations across 29 states, with a focus on areas aligned with EQT Corporation's business locations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $26,237,393
- Total Revenue: $3,619,136
- Total Expenses: $6,152,926
- Total Giving: $6,257,510
Historical Giving:
- Annual giving has grown from $4 million in 2020 to $7.4 million in 2022
- The foundation has made 1,365 grants totaling $14.3 million across available records
- Individual grants have ranged from $100 to $450,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,237,393 | $29,043,383 | $28,570,218 |
| Revenue | $3,619,136 | $2,277,205 | $1,461,370 |
| Expenses | $6,152,926 | $4,503,800 | $3,999,707 |
| Qualifying Distributions | $6,309,349 | $4,074,969 | $3,759,898 |
| Net Investment Income | $3,531,461 | $2,204,380 | $1,368,680 |
| Distributable Amount | $1,360,591 | $1,384,316 | $1,570,852 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Eqt Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Belmont College Foundation ($50,000), 5 Loaves Food Pantry ($30,000), Bradford House Historical Assoc ($26,780).
| Recipient | Purpose | Amount |
|---|---|---|
| 412 FOOD RESCUE PITTSBURGH, PA | 2023 MATCHING GIFT | $2,000 |
| 412 FOOD RESCUE PITTSBURGH, PA | COMMUNITY ENRICHMENT | $15,000 |
| 5 LOAVES FOOD PANTRY NEW MARTINSVILLE, WV | COMMUNITY ENRICHMENT | $30,000 |
| 5 STAR GLOBAL MINISTRY PULASKI, PA | 2023 MATCHING GIFT | $25,000 |
| AARONS ACRES LANCASTER, PA | 2023 MATCHING GIFT | $400 |
| ACCESS FUND BOULDER, CO | 2023 MATCHING GIFT | $7,376 |
| ADAMS AREA FIRE DISTRICT MARS, PA | 2024 MATCHING GIFT | $250 |
| ALEXIS SUMMERS LEGACY SAXONBURG, PA | 2023 MATCHING GIFT | $20,000 |
| ALLEGHENY LAND TRUST SEWICKLEY, PA | ENVIRONMENT | $25,000 |
| AM FDTN FOR SUICIDE PREVENTION NEW YORK, NY | 2024 MATCHING GIFT | $1,100 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Ellen L. Rossi — President (40 hours/week)
- Thomas E. Quinlan — Treasurer (1 hour/week)
- Lia Fodi — Director/Senior Counsel (1 hour/week)
- Lesley Evancho — Director (1 hour/week)
- Michael Lauderbaugh — Director (1 hour/week)
- Toby Z. Rice — Director (1 hour/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELLEN L ROSSI | PRESIDENT | 40 | — |
| THOMAS E QUINLAN | TREASURER | 1 | — |
| LIA FODI | DIRECTOR/SENIOR COUNSEL | 1 | — |
| LESLEY EVANCHO | DIRECTOR | 1 | — |
| MICHAEL LAUDERBAUGH | DIRECTOR | 1 | — |
| TOBY Z RICE | DIRECTOR | 1 | — |
Recent Activity
Recent developments and announcements
The foundation demonstrates active grantmaking with recent grants including:
EQT Foundation opens applications for breakthrough science grants ...$100,000 to WQED Multimedia for Education & Workforce (2024)
$90,000 to Economic and Community Growth Corporation of Lycoming County for Community Enrichment (2024)
$75,000 to Urban Impact Foundation for 2023 Matching Gift (2024)
The foundation operates under a trust-based philanthropy approach and maintains a focus on meaningful engagement with the communities where EQT Corporation operates.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Eqt Foundation fund?
The foundation supports programs designed to promote education for children and adults; encourage the development of safe and livable communities; promote the environment and preservation of local natural resources; and foster understanding and appreciation of culture and heritage. The EQT Foundation's funding strategy endorses organizations and programs that directly impact the community and its residents. The foundation supports nonprofits that demonstrate positive, needed, and trusted impact…
How do I apply for a grant from Eqt Foundation?
**Grant Characteristics:** • Typical grant awards range from $100 to $800,000 • Median grant amount: $10,000 • Average grant amount: $10,000 • The foundation made 367 grants in 2024 **Application Process:** All applications must be received by the 1st of the month prior to the quarterly board meetings. **Eligibility:** Nonprofit organizations and institutions whose mission aligns with the foundation's funding priorities are eligible to apply. **Selection Criteria:** The foundation seeks evidenc…
Where does Eqt Foundation make grants?
The foundation primarily funds organizations in Pennsylvania, West Virginia, and Ohio, which account for 82% of all grants. Grantmaking reaches organizations across 29 states, with a focus on areas aligned with EQT Corporation's business locations.
What size grants does Eqt Foundation award?
In 2024, Eqt Foundation awarded 367 grants totaling $6.3M — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Eqt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Eqt Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Eqt Foundation's EIN?
Eqt Foundation's EIN (Employer Identification Number) is 04-3747289. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Eqt Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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