The Quantitative Foundation is a private foundation based in Charlottesville, Virginia, established in 2009. It operates as a 501(c)(3) organization with a staff of two employees and focuses on philanthropic grantmaking in education, human services, and community development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$88.1M
+6.3% YoY
Annual Giving
$9.0M
+58.6% YoY
Grant Count
27
-18.2% YoY
Avg Grant Size
$335K
+93.8% YoY
Under IRS private-foundation payout rules, Quantitative Foundation reported a distributable amount of $4.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education — with particular emphasis on data science, financial engineering, and school-based programs
- Human Services — including youth development and child welfare programs
- Community Development — affordable housing and community revitalization initiatives
- Philanthropy and Voluntarism
The foundation was established by Jaffray Woodriff, a 1991 University of Virginia graduate who was among the early pioneers of using data science in stock market investing.
Grantmaking
Grant Range
s:** Typical awards range from $1,000 to $16,500,000, with an average grant amount of approximately $1,542,288 across education support programs.
Average Grant
amount of approximately $1,542,288 across education support programs.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia and New York, with particular concentration in the Charlottesville area and Washington, DC.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $82,881,868
- Total Revenues: $5,910,457
- Total Expenses: $6,543,502
As of 2024:
- Total Assets: $88,096,227
- Total Giving: $9,043,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $88,096,227 | $82,881,868 | $96,213,505 |
| Revenue | $9,890,853 | $5,910,457 | $1,400,916 |
| Expenses | $9,965,040 | $6,543,502 | $23,628,536 |
| Qualifying Distributions | $9,243,765 | $6,031,904 | $23,215,916 |
| Net Investment Income | $9,241,199 | $5,466,145 | $1,129,744 |
| Distributable Amount | $4,319,270 | $4,699,820 | $840,345 |
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
147 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Charlottesville Area Community Foundation ($4,995,000), University of Virginia-school of Data Science ($1,500,000), University of Virginia ($1,356,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRL'S CLUB OF CENTRAL VA CHARLOTTESVILLE, VA | GENERAL PURPOSE | $15,000 |
| CHARLOTTESVILLE AREA COMMUNITY FOUNDATION CHARLOTTESVILLE, VA | GENERAL PURPOSE | $4,995,000 |
| CVILLE BIOHUB CHARLOTTESVILLE, VA | GENERAL PURPOSE | $100,000 |
| CHARLOTTESVILLE COMMUNITY BIKES CHARLOTTESVILLE, VA | GENERAL PURPOSE | $25,000 |
| CHARLOTTESVILLE DAY SCHOOL CHARLOTTESVILLE, VA | EDUCATION SUPPORT | $275,000 |
| COMMUNITY INVESTMENT COLLABORATIVE CHARLOTTESVILLE, VA | GENERAL PURPOSE | $190,000 |
| CORNELL UNIVERSITY ITHACA, NY | EDUCATION SUPPORT | $20,000 |
| FRIENDS OF CHARLOTTESVILLE DOWNTOWN CHARLOTTESVILLE, VA | GENERAL PURPOSE | $20,000 |
| FRONT PORCH CHARLOTTESVILLE, VA | GENERAL PURPOSE | $25,000 |
| GRYMES MEMORIAL SCHOOL ORANGE, VA | EDUCATION SUPPORT | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jaffray P. Woodriff — Founder and Trustee
- Andrea Lawrence — Trustee
- William W. Foshay III — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAFFRAY P WOODRIFF | TRUSTEE | 5 | — |
| WILLIAM W FOSHAY III | EXECUTIVE DIRECTOR | 15 | $80,231 |
| GORDON R GIULIANO | CFO | 15 | $58,623 |
| ANN MARIE PARK | COO | 20 | $40,000 |
| FRANCIS JOHNSON | PROGRAM DIRECTOR | 20 | $37,216 |
| CHRISTINA LUKE | ASST TO COO | 20 | $27,000 |
| MERRILL WOODRIFF | DIR. LOCAL GRANTS | 2 | — |
Recent News & Activity
Recent developments and announcements
In December 2024, the Quantitative Foundation announced a $20 million commitment to the University of Virginia to support construction of a new data science building. The grant will expand the School of Data Science's research, scholarship, and teaching capabilities and advance UVA's 2030 strategic plan by coordinating existing and emerging entrepreneurship resources through the UVA Innovates initiative.
Quantitative Foundation Gives $20M To House Data Science ...This represents a significant expansion of the foundation's prior support for UVA. In 2019, the Quantitative Foundation awarded the university $120 million to establish the School of Data Science.
Quantitative Foundation Gives $20M To House Data Science ...Contact Information
Address: 240 W Main Street, Charlottesville, VA 22902-5005
Telephone: 434-220-3177
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Quantitative Foundation fund?
The foundation's primary funding interests include: • **Education** — with particular emphasis on data science, financial engineering, and school-based programs • **Human Services** — including youth development and child welfare programs • **Community Development** — affordable housing and community revitalization initiatives • **Philanthropy and Voluntarism** The foundation was established by Jaffray Woodriff, a 1991 University of Virginia graduate who was among the early pioneers of using da…
How do I apply for a grant from Quantitative Foundation?
**Grant Ranges:** Typical awards range from $1,000 to $16,500,000, with an average grant amount of approximately $1,542,288 across education support programs. **Recent Grant Activity:** In 2023, the foundation made 29 grants totaling approximately $1,991,500 in documented awards. Notable 2023 grants included: • The Affordable Housing Opportunity Fund: $1,000,000 • Charlottesville Day School: $225,000 • Cvillebiohub/Charlottesville Biohub: $100,000 • Virginia Institute of Autism: $100,000 • Boys…
Where does Quantitative Foundation make grants?
The foundation primarily funds organizations in Virginia and New York, with particular concentration in the Charlottesville area and Washington, DC.
What size grants does Quantitative Foundation award?
In 2024, Quantitative Foundation awarded 27 grants totaling $9.0M — an average of about $335K per grant, based on its IRS Form 990 filings.
How much is Quantitative Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Quantitative Foundation reported a distributable amount of $4.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Quantitative Foundation's EIN?
Quantitative Foundation's EIN (Employer Identification Number) is 26-3922404. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Quantitative 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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