Institute for Quality Education Inc
Institute for Quality Education Inc. (IQE) is an Indianapolis, Indiana, public charity formed in 1991. It supports educational opportunity for Indiana students through scholarships, education-policy work, and efforts to help families understand school options.
Institute for Quality Education Inc at a glance
In short: Institute for Quality Education Inc gave $12.7M across 110 grants in 2025 (avg $116K), mostly in Indiana. 14% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $12,705,314
- +36.0% vs 2024
- Grants made (2025)
- 110
- +1.9% vs 2024
- Average grant
- $115,503
- +33.5% vs 2024
- Median grant
- $29,094
- Total assets
- $18,094,792
- -5.6% vs 2024
- New grantees (estimate)
- 14% first-time grantees (15 of 109, 2025)
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Institute for Quality Education Inc
- Contact
Mailing address: 101 W Ohio St Suite 700, Indianapolis, IN 46204
Phone: (317) 951-8781
Website: https://i4qed.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Institute for Quality Education Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Washington Catholic School ($1.2M). Together the top 10 received $7.2M.
Organizations only. It also paid 2 grants to individuals ($20,300), which are not listed by name.
Grant Size Distribution
632 grants across all recorded years
The most common grant size was under $50K: 443 grants of 632 (70%).
Geographic Focus
Where this funder awards grants
IQE’s stated focus is Indiana. All grant dollars reported for 2025 went to recipients in Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 110 itemized grants.
States
Cities
Is Institute for Quality Education Inc open to new grantees?
14%
first-time grantees, 2025
In 2025, 15 of 109 grantees (14%) were first-time recipients. First grants averaged $55K; repeat grants $126K. How we count
Medians: $44K first-time, $28K repeat.
- <1% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+19%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $8.9M (2019) to $12.7M (2025). In 2025 it made 110 grants totaling $12.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Washington Catholic School Washington, IN | Education | $1,232,882 |
| Providence Cristo Rey High School Indianapolis, IN | Education | $1,196,534 |
| Park Tudor School Indianapolis, IN | Education | $993,774 |
| Cathedral High School Indianapolis, IN | Education | $699,000 |
| Evansville Christian School Evansville, IN | Education | $655,866 |
| South Bend Hebrew Day School South Bend, IN | Education | $622,727 |
| Saint Theodore Guerin Catholic HS Noblesville, IN | Education | $466,958 |
| Bishop Chatard High School Indianapolis, IN | Education | $458,911 |
| Lafayette Catholic School System Lafayette, IN | Education | $457,242 |
| Scecina Memorial High School Indianapolis, IN | Education | $418,800 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $18,094,792 | $14,632,100 | $15,610,907 | $12,705,314 | 110 | $43,067 |
| 2024 | $19,175,308 | $16,377,935 | $12,271,438 | $9,344,736 | 108 | $45,252 |
| 2023 | $14,940,461 | $14,528,950 | $13,392,508 | $10,669,153 | 141 | — |
| 2022 | $13,566,646 | $14,892,886 | $13,517,083 | $10,651,261 | 160 | — |
| 2021 | $12,107,092 | $12,010,135 | $10,601,277 | $8,909,437 | 113 | — |
| 2020 | $10,842,201 | $10,479,375 | $11,258,645 | $9,375,670 | 119 | — |
| 2019 | $11,467,170 | $11,241,504 | $10,940,215 | $8,882,142 | 148 | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
IQE’s stated mission includes providing tuition assistance to low-income students, conducting research and analysis on Indiana’s K–12 education system, and educating the public about educational options. Its website says it aims to expand access to school choice, improve student outcomes, champion great teaching, and build local networks.
The organization’s 2024 filing says it awards scholarships to assist with tuition and fees; 6,224 students received scholarships for the year ended June 30, 2025. The filing also describes IQE as convening and leading the Indiana Charter School Network and developing, advocating for, and implementing state-level K–12 education policies.
Grantees listed in the 2025 filing include schools and education organizations with varied missions. Park Tudor Foundation describes its mission as helping students thrive through academics and experiences in a community where every student belongs. Eman Schools describes its mission as operating a school rooted in Islamic ideals and providing academic excellence. Greater Educational Opportunities Foundation says it works to advance students’ academic pathways, social mobility, and career and life goals. Crossing National describes its work as helping struggling students contribute to their communities through academics, job training, and faith-based character education.
Grantmaking
In filing year 2025, IQE reported 110 grants totaling $12,705,314. Grant amounts ranged from $5,610 to $1,232,882, with a median of $29,094. The largest listed grants included $1,232,882 to Washington Catholic School, $1,196,534 to Providence Cristo Rey High School, $993,774 to Park Tudor School, $699,000 to Cathedral High School, and $655,866 to Evansville Christian School. Each was reported for education.
IQE’s website describes scholarships as funded by private donations and awarded to eligible students through participating schools. For the Indiana Tax Credit Scholarship, it says families should contact their school to apply. The website also says the Education Freedom Tax Credit Scholarship is scheduled to launch January 1, 2027. It does not provide an application process for organizations seeking grants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Al Hubbard as chairman and Betsy Wiley as president. The listed board members are Dan Elsener, Robert Enlow, Heather Willey Harris, Neil Pickett, Jeff Knight, and Scott Bess.
Institute for Quality Education Inc is led by Betsy Wiley, President on every filing since 2019; 1 of 8 officers listed in 2025 is compensated.
Officers on the 2025 filing
Betsy Wiley
President
On filings since 2019
24 hrs/week
$142K (2019) → $137K (2025)
Al Hubbard
Chairman
On filings since 2019
1 hr/week
No compensation reported
Dan Elsener
Board Member
On filings since 2019
1 hr/week
No compensation reported
Neil Pickett
Board Member
On filings since 2019
1 hr/week
No compensation reported
Robert Enlow
Board Member
On filings since 2019
1 hr/week
No compensation reported
Scott Bess
Board Member
On filings since 2019
1 hr/week
No compensation reported
Jeff Knight
Board Member
On filings since 2020
1 hr/week
No compensation reported
Heather Willey Harris
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (3)
- Former: Heather Willey (2019–2021) — Board Member
- Former: Gina Fleming (2019–2020) — Board Member
- Former: John Mutz (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $137K, to Betsy Wiley (President).
Frequently asked questions about Institute for Quality Education Inc
How much does Institute for Quality Education Inc give each year?
Institute for Quality Education Inc gave $12.7M across 110 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $9.3M across 108 grants.
What is Institute for Quality Education Inc's typical grant size?
Institute for Quality Education Inc's median grant in 2025 was $29,094, and its average grant was $115,503, across 110 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Institute for Quality Education Inc that year got $55K on average.
Where does Institute for Quality Education Inc give grants?
Institute for Quality Education Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Indianapolis, IN (36 grants), Evansville, IN (13 grants), South Bend, IN (5 grants) and Columbus, IN (3 grants).
Does Institute for Quality Education Inc give general operating support?
Not in 2025: none of the 110 grants with a stated purpose on Institute for Quality Education Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Education" (110 grants).
Who are Institute for Quality Education Inc's largest grantees?
Institute for Quality Education Inc's largest 2025 grantees include Washington Catholic School ($1,232,882), Providence Cristo Rey High School ($1,196,534) and Park Tudor School ($993,774), according to its 2025 IRS Form 990. It also paid 2 grants to individuals ($20,300), which are not listed by name. Together they received 27% of its itemized 2025 grant dollars.
How large is Institute for Quality Education Inc?
Institute for Quality Education Inc reported $18.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $14.6M.
What does Institute for Quality Education Inc fund?
IQE’s stated mission includes providing tuition assistance to low-income students, conducting research and analysis on Indiana’s K–12 education system, and educating the public about educational options. See mission & focus areas ↑
How do I apply for a grant from Institute for Quality Education Inc?
Institute for Quality Education Inc has no public application process in the sources Grantable reviewed. Check i4qed.org for current guidelines, or contact the foundation directly before submitting a request.
What is Institute for Quality Education Inc's EIN?
Institute for Quality Education Inc's EIN (Employer Identification Number) is 35-1836687. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS March 26, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 26, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 5, 2025)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). Institute for Quality Education Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/institute-for-quality-education-inc-morg_427845d0008c4e158d9eb0dd8ebf2dba
BibTeX
@misc{grantable_351836687_2026,
author = {{Grantable}},
title = {{Institute for Quality Education Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/institute-for-quality-education-inc-morg_427845d0008c4e158d9eb0dd8ebf2dba},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Institute for Quality Education Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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