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
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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Eqt Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities