High Q Foundation Inc

ROSELAND, NJ EIN: 02-0537670

High Q Foundation Inc is a private foundation focused on Science & Technology, based in ROSELAND, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $540.5M in total assets. Net investment income was $36.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$540.5M

+37.5% YoY

Revenue

$152.2M

+10.8% YoY

Net Investment Income

$36.9M

+257.0% YoY

Expenses

$872K

+278.5% YoY

Under IRS private-foundation payout rules, High Q Foundation Inc reported a distributable amount of $19.9M for 2024 — the minimum it must pay out in qualifying distributions.

About High Q Foundation Inc

Based on IRS filings

Focus Areas

Science & Technology

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $155.0M (100%)

States

New Jersey

Cities

Roseland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$540,481,155	$393,197,378	$251,471,528
Revenue	$152,192,779	$137,331,950	$213,865,893
Expenses	$871,583	$230,298	$34,283
Qualifying Distributions	—	—	—
Net Investment Income	$36,896,362	$10,335,085	$779,697
Distributable Amount	$19,912,784	$12,802,853	$2,978,227

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
John L Berger	Dir./VP/Asst Secretary	0.1	—
Kenneth J Slutsky	Dir./President/Asst Treasurer	0.2	—
David Mills	Dir./VP/Secretary	0.1	—
Triplet Investment Company LLC	Member	1	—
Timothy Hentzel	Treasurer	0.3	—

Subject Areas

Focus areas based on grantmaking activity

Science & Technology

Frequently Asked Questions

What is High Q Foundation Inc?

High Q Foundation Inc is a nonprofit organization focused on Science & Technology, based in ROSELAND, NJ. It holds $540.5M in total assets as of 2024.

How large is High Q Foundation Inc?

As of 2024, High Q Foundation Inc holds $540.5M in total assets with $152.2M in annual revenue.

Where does High Q Foundation Inc operate?

High Q Foundation Inc has awarded grants in New Jersey.

How much is High Q Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, High Q Foundation Inc reported a distributable amount of $19.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.