Quantitative Foundation
Quantitative Foundation is a private foundation based in Charlottesville, Virginia. In 2024, it reported 27 grants totaling $9,043,500, with most grant dollars going to organizations in Virginia.
Quantitative Foundation at a glance
In short: Quantitative Foundation gave $9.0M across 27 grants in 2024 (avg $335K), mostly in Virginia. 19% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,043,500
- +58.6% vs 2023
- Grants made (2024)
- 27
- -18.2% vs 2023
- Average grant
- $334,944
- +93.8% vs 2023
- Median grant
- $25,000
- Total assets
- $88,096,227
- +6.3% vs 2023
- New grantees (estimate)
- 19% first-time grantees (5 of 27, 2024)
- Primary geography
- Virginia (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Quantitative Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 240 W Main St, Charlottesville, VA 22902
Phone: (434) 220-3177
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Quantitative Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Charlottesville Area Community Foundation ($5.0M). Together the top 10 received $8.7M.
Grant Size Distribution
147 grants across all recorded years
The most common grant size was under $50K: 98 grants of 147 (67%).
Geographic Focus
Where this funder awards grants
In 2024, 99% of grant dollars went to recipients in Virginia and 1% to recipients in New York. Several of the largest grants went to Charlottesville-area organizations.
Grant Distribution by State
Share of 2024 grant dollars across all 27 itemized grants.
Cities
Is Quantitative Foundation open to new grantees?
19%
first-time grantees, 2024
In 2024, 5 of 27 grantees (19%) were first-time recipients. First grants averaged $49K; repeat grants $400K. How we count
Medians: $25K first-time, $25K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 214% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2020 to 2024, annual grant giving ranged from $5.7M (2023) to $23.0M (2020). In 2024 it made 27 grants totaling $9.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charlottesville Area Community Foundation Charlottesville, VA | General Purpose | $4,995,000 |
| University of Virginia-School of Data Science Charlottesville, VA | Support for Education | $1,500,000 |
| University of Virginia Charlottesville, VA | Support for Athletics | $1,356,000 |
| Charlottesville Day School Charlottesville, VA | Education Support | $275,000 |
| Community Investment Collaborative Charlottesville, VA | General Purpose | $190,000 |
| Venture Central Inc Charlottesville, VA | General Purpose | $150,000 |
| Cville Biohub Charlottesville, VA | General Purpose | $100,000 |
| Wakefiled Country Day School Huntly, VA | Education Support | $80,000 |
| Squash and Education Alliance New York, NY | Support for Athletics | $50,000 |
| Women's Initiative Charlottesville, VA | General Purpose | $35,000 |
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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 | $88,096,227 | $9,890,853 | $9,965,040 | $9,043,500 | 27 | $9,243,765 | $9,241,199 | $4,319,270 |
| 2023 | $82,881,868 | $5,910,457 | $6,543,502 | $5,702,500 | 33 | $6,031,904 | $5,466,145 | $4,699,820 |
| 2022 | $96,213,505 | $1,400,916 | $23,628,536 | $22,856,500 | 43 | $23,215,916 | $1,129,744 | $840,345 |
| 2021 | $101,541,098 | $-10,401,387 | $23,159,173 | $22,720,000 | 17 | $23,037,347 | $1,860,429 | $5,798,810 |
| 2020 | $135,172,728 | $4,982,873 | $23,541,166 | $23,017,550 | 27 | — | $4,684,076 | $7,100,213 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The 2024 grants show support for organizations working in education, athletics, entrepreneurship, community services, arts, transportation, and environmental protection.
Among its grantees, Charlottesville Day School describes its mission as educating and nurturing preschool-through-middle-school children, with emphasis on areas including music, art, and physical education. Community Investment Collaborative says it supports under-resourced entrepreneurs through education, mentoring, micro-lending, and networking. Venture Central says it strengthens the Central Virginia entrepreneurial community through connections, programs, funding, and spaces. Charlottesville Community Bikes says it promotes environmentally sound transportation, recycles bicycles, and makes cycling accessible. Southern Environmental Law Center describes its mission as protecting clean air, clean water, and a livable climate, among other environmental goals.
Grantmaking
In 2024, the foundation made 27 grants totaling $9,043,500. Grant amounts ranged from $1,000 to $4,995,000; the median grant was $25,000.
The largest reported grants included $4,995,000 to Charlottesville Area Community Foundation for general purposes, $1,500,000 to the University of Virginia School of Data Science for education support, and $1,356,000 to the University of Virginia for athletics support. Other notable grants included $275,000 to Charlottesville Day School for education support, $190,000 to Community Investment Collaborative for general purposes, and $150,000 to Venture Central for general purposes. Additional 2024 grants included $100,000 to Cville BioHub and $50,000 to Squash and Education Alliance.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing were Jaffray P. Woodriff, trustee; William W. Foshay III, executive director; Gordon R. Giuliano, CFO; Ann Marie Park, COO; Francis Johnson, program director; Christina Luke, assistant to the COO; and Merrill Woodriff, director of local grants.
Quantitative Foundation is led by William W. Foshay III, Executive Director on every filing since 2020; 5 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
William W. Foshay III
Executive Director
On filings since 2020
15 hrs/week
$80K (2020) → $80K (2024)
Francis Johnson
Program Director
On filings since 2020
20 hrs/week
$37K (2020) → $37K (2024)
Jaffray P. Woodriff
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Merrill S. Woodriff
Director Local Grants
On filings since 2020
2 hrs/week
No compensation reported
Christina Luke
Assistant to COO
On filings since 2020
20 hrs/week
$27K (2020) → $27K (2024)
Gordon R. Giuliano
CFO
On filings since 2020
15 hrs/week
$59K (2020) → $59K (2024)
Ann Marie Park
COO
On filings since 2021
20 hrs/week
$13K (2022) → $40K (2024)
Former officers (1)
- Former: Andrea Lawrence (2020) — COO
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $80K, to William W Foshay III (Executive Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Quantitative Foundation
How much does Quantitative Foundation give each year?
Quantitative Foundation gave $9.0M across 27 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.7M across 33 grants.
What is Quantitative Foundation's typical grant size?
Quantitative Foundation's median grant in 2024 was $25,000, and its average grant was $334,944, across 27 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Quantitative Foundation that year got $49K on average.
Where does Quantitative Foundation give grants?
Quantitative Foundation gives mostly in Virginia: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Charlottesville, VA (19 grants) and New York, NY (3 grants).
Does Quantitative Foundation give general operating support?
Yes: 52% of Quantitative Foundation's 2024 grants with a stated purpose (14 of 27) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Education Support" (7 grants) and "Support for Athletics" (3 grants).
Who are Quantitative Foundation's largest grantees?
Quantitative Foundation's largest 2024 grantees include Charlottesville Area Community Foundation ($4,995,000), University of Virginia-School of Data Science ($1,500,000) and University of Virginia ($1,356,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.
How large is Quantitative Foundation?
Quantitative Foundation reported $88.1M in total assets on its 2024 IRS Form 990-PF. It paid out $9.2M in qualifying distributions that year, against a required minimum of $4.3M (roughly 5% of its investment assets).
What does Quantitative Foundation fund?
No mission statement is provided. The 2024 grants show support for organizations working in education, athletics, entrepreneurship, community services, arts, transportation, and environmental protection. See mission & focus areas ↑
How do I apply for a grant from Quantitative Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Quantitative Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Quantitative Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Quantitative Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/quantitative-foundation-morg_3cebcccea3f14a3999e40b9a088ab3a7
BibTeX
@misc{grantable_263922404_2026,
author = {{Grantable}},
title = {{Quantitative Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/quantitative-foundation-morg_3cebcccea3f14a3999e40b9a088ab3a7},
note = {Accessed 2026-10-12. 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 Quantitative Foundation'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.
Quantitative Foundation down — hundreds of funders to go?