Quanex Foundation
Quanex Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 1 grant totaling $572K. Net investment income was $458K.
Quanex Foundation at a glance
In short: Quanex Foundation gave $572K across 1 grant in 2024 (avg $572K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $571,915
- -42.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $571,915
- -42.4% vs 2023
- Median grant
- $571,915
- Total assets
- $7,167,339
- -4.2% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Quanex Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Quanex Foundation gives
- Giving grew 26% from 2021 to 2024. Method
- In 2024 it paid out 156% 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 $454K (2021) to $1.1M (2020). In 2024 it made 1 grant totaling $572K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule Houston, TX | N/A | $571,915 |
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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 | $7,167,339 | $395,648 | $585,722 | $571,915 | 1 | $571,915 | $457,520 | $366,395 |
| 2023 | $7,483,264 | $600,484 | $1,013,535 | $993,402 | 1 | $993,402 | $600,484 | $361,679 |
| 2022 | $7,623,046 | $1,250,705 | $591,837 | $568,215 | 1 | $568,215 | $1,250,705 | $404,328 |
| 2021 | $7,168,243 | $1,085,466 | $479,791 | $453,894 | 1 | $453,894 | $1,085,466 | $451,046 |
| 2020 | $6,645,098 | $739,378 | $1,118,194 | $1,114,543 | 1 | — | $739,378 | $431,106 |
Under IRS private-foundation payout rules, Quanex Foundation reported a distributable amount of $366K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Quanex Foundation is led by Paul B Cornett, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Paul B Cornett
President
On filings since 2020
No compensation reported
George Wilson
Vice President
Vice President → Vice Presdent, 2021
Vice Presdent → Vice President, 2024
On filings since 2020
No compensation reported
Kimberley N Garcia
Vice President
On filings since 2020
No compensation reported
Scott M Zuehlke
Vp- Treasurer
Vp-Treasurer → Vp- Treasurer, 2021
On filings since 2020
No compensation reported
Angela Bongat
Secretary
On filings since 2023
No compensation reported
Anita Cheung
Secretary
On filings since 2023
No compensation reported
Former officers (1)
- Former: Marcia O Stokes (2020–2023) — Secretary
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.
Frequently asked questions about Quanex Foundation
How much does Quanex Foundation give each year?
Quanex Foundation gave $572K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $993K across 1 grant.
How large is Quanex Foundation?
Quanex Foundation reported $7.2M in total assets on its 2024 IRS Form 990-PF. It paid out $572K in qualifying distributions that year, against a required minimum of $366K (roughly 5% of its investment assets).
Where does Quanex Foundation operate?
Quanex Foundation has awarded grants in Texas.
What is Quanex Foundation's EIN?
Quanex Foundation's EIN (Employer Identification Number) is 36-6065490. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Quanex Foundation's focus areas in our free grants database
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