Quantum Foundation Inc
Quantum Foundation Inc is a private grantmaking organization based in West Palm Beach, Florida. It funds initiatives to improve community health, with its website describing its work as focused on Palm Beach County and stating that its grants support organizations working directly in local communities.
Quantum Foundation Inc at a glance
In short: Quantum Foundation Inc gave $5.8M across 233 grants in 2024 (avg $25K), mostly in Florida. 19% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,805,975
- +2.3% vs 2023
- Grants made (2024)
- 233
- +1.7% vs 2023
- Average grant
- $24,918
- +0.6% vs 2023
- Median grant
- $10,000
- Total assets
- $171,195,027
- +5.5% vs 2023
- New grantees (estimate)
- 19% first-time grantees (45 of 233, 2024)
- Primary geography
- Florida (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 Quantum Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. The application process begins with an online letter of inquiry; all letters are reviewed, and organizations whose proposed projects match the foundation’s vision and mission are notified about submitting a full proposal. Regular-grant applicants must be eligible nonprofits, accredited schools or universities, or government units or public agencies. The foundation does not fund individuals, individual scholarships, health research, religious purposes, endowments, operating deficits or debt retirement, political causes, or certain non-functionally integrated type III supporting organizations.
- Review Cycle
- The next listed Regular Grants letter-of-inquiry deadline is December 4, 2026; the full-proposal date is listed as TBD. The 2026 QIC application period closed August 2, 2026.
- Deadline
- The next listed Regular Grants letter-of-inquiry deadline is December 4, 2026; the full-proposal date is listed as TBD.
- Contact
Application contact: Nathaniel S Cousineau
Mailing address: 500 Columbia Drive Suite 101, West Palm Beach, FL 33409
Phone: (561) 832-7497
Email: nate@quantumfnd.org
Website: https://quantumfnd.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Quantum Foundation Inc
Who Quantum Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Foundcare Inc ($501K). Together the top 10 received $1.9M.
Grant Size Distribution
1,131 grants across all recorded years
The most common grant size was under $50K: 944 grants of 1,131 (83%).
Geographic Focus
Where this funder awards grants
The foundation’s website says every dollar it grants stays in Palm Beach County and describes its grants as supporting organizations working directly in local communities. In the 2024 filing, 99% of grant dollars went to recipients in Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 233 itemized grants.
Cities
Is Quantum Foundation Inc open to new grantees?
19%
first-time grantees, 2024
In 2024, 45 of 233 grantees (19%) were first-time recipients. First grants averaged $21K; repeat grants $26K. How we count
Medians: $8K first-time, $10K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $5.5M (2022) to $6.9M (2021). In 2024 it made 233 grants totaling $5.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundcare Inc West Palm Beach, FL | General Funding | $500,500 |
| Center for Child Counseling Inc West Palm Beach, FL | General Funding | $250,000 |
| Feeding South Florida Boynton Beach, FL | General Funding | $250,000 |
| Genesis Community Health Inc Boca Raton, FL | General Funding | $150,000 |
| Promise Fund of Florida Palm Beach, FL | General Funding | $146,668 |
| Northend Rise Riviera Beach, FL | General Funding | $130,000 |
| Farm Share Inc Homestead, FL | General Funding | $125,000 |
| Pathways to Prosperity Inc Boynton Beach, FL | General Funding | $110,000 |
| Florida Introduces Physical Activity and Nutrition to Youth Incorporated Dania Beach, FL | General Funding | $100,000 |
| The Lord's Place West Palm Beach, FL | General Funding | $100,000 |
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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 | $171,195,027 | $12,281,286 | $9,943,843 | $5,805,975 | 233 | $7,961,298 | $11,207,433 | $8,170,169 |
| 2023 | $162,221,360 | $10,298,425 | $9,414,631 | $5,673,921 | 229 | $7,796,256 | $8,922,630 | $7,566,710 |
| 2022 | $148,708,824 | $5,827,030 | $9,579,868 | $5,482,849 | 209 | $7,448,720 | $4,925,690 | $7,638,150 |
| 2021 | $185,235,492 | $17,292,125 | $9,473,633 | $6,865,936 | 227 | $9,297,737 | $11,231,086 | $8,693,027 |
| 2020 | $176,179,156 | $13,660,309 | $10,731,057 | $5,504,477 | 233 | — | $12,103,517 | $7,237,944 |
Under IRS private-foundation payout rules, Quantum Foundation Inc reported a distributable amount of $8.2M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s mission is to inspire and fund initiatives that improve the health of its communities. Its vision is for people in Palm Beach County to experience a better life through quality health. Its three impact zones are better engagement in health, greater access to health resources, and stronger connections for healthy communities. It also supports efforts addressing social determinants of health.
Its 2024 grantees illustrate a range of supported work. FoundCare describes its mission as providing quality healthcare and social services for individuals and families. Feeding South Florida describes its mission as ending hunger through food access, advocacy, programming, and education. Center for Child Counseling describes its work as building a foundation for playful, healthful, and hopeful living for children, families, and communities. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation reported 233 grants totaling $5,805,975. Grant amounts ranged from $200 to $500,500, with a median of $10,000. Its largest reported awards included $500,500 to FoundCare Inc, $250,000 each to Center for Child Counseling Inc and Feeding South Florida, $150,000 to Genesis Community Health Inc, and $146,668 to Promise Fund of Florida.
The foundation offers Regular Grants for organizations whose programs align with its impact zones; these are primarily awarded to high-capacity organizations and are generally greater than $25,000. Its annual Quantum in the Community (QIC) grants support basic needs such as food, housing, transportation, financial assistance, and clothing, with awards of $25,000 or less. QIC eligibility includes 501(c)(3) status, annual cash expenses of $500,000 or less, at least six months of work in Palm Beach County, and services addressing basic needs there.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Brian Kirkpatrick as chairman, Dr. Ronald Romear as vice chair, Eric M. Kelly as president, and Joe Paskoski as CFO/VP of Administration. Trustees listed are Daniel Alberttis, Yolette Bonnet, Jeannette M. Corbett, Dr. Karl Dhana, Michael J. Dixon, and Bradley Hurtson.
Quantum Foundation Inc is led by Eric M. Kelly, President on every filing since 2020; 2 of 15 officers listed in 2024 are compensated.
Officers on the 2024 filing
Eric M. Kelly
President
On filings since 2020
40 hrs/week
$265K (2020) → $366K (2024)
Brian Kirkpatrick
Chairman
Vice Chairman → Chairman, 2021
On filings since 2020
2 hrs/week
No compensation reported
Daniel Alberttis
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Gerald J. O'Connor
Trustee
Chairman → Trustee, 2021
On filings since 2020
2 hrs/week
No compensation reported
Jeannette M. Corbett
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Michael J. Dixon
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Stephen C. Moore
Trustee
On filings since 2020
2 hrs/week
No compensation reported
William A. Meyer
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Karl Dhana
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Michele Jacobs
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Shaun McGruder
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Yolette Bonnet
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Bradley Hurtson
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
Joe Paskoski
CFO & Vice President of Administration
On filings since 2020
40 hrs/week
$206K (2020) → $273K (2024)
Ronald Romear
Vice Chair
Trustee → Vice Chair, 2021
On filings since 2020
2 hrs/week
No compensation reported
Former officers (6)
- Former: Randy Scheid (2020–2023) — Chief Strategy Officer
- Former: Ethel Isaacs Williams (2020–2022) — Trustee
- Former: Anthony J. McNicholas Emeritus (2021) — Trustee
- Former: James P. Kintz Emeritus (2021) — Trustee
- Former: Anthony J. McNicholas III Esq. (2020) — Trustee
- Former: James P. Kintz (2020) — Trustee
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 $366K, to Eric M Kelly (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Quantum Foundation Inc
How much does Quantum Foundation Inc give each year?
Quantum Foundation Inc gave $5.8M across 233 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.7M across 229 grants.
What is Quantum Foundation Inc's typical grant size?
Quantum Foundation Inc's median grant in 2024 was $10,000, and its average grant was $24,918, across 233 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Quantum Foundation Inc that year got $21K on average.
Where does Quantum Foundation Inc give grants?
Quantum Foundation Inc gives mostly in Florida: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were West Palm Beach, FL (66 grants), Boynton Beach, FL (17 grants), Riviera Beach, FL (16 grants) and Lake Worth, FL (11 grants).
Does Quantum Foundation Inc give general operating support?
Yes: 100% of Quantum Foundation Inc's 2024 grants with a stated purpose (233 of 233) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Quantum Foundation Inc's largest grantees?
Quantum Foundation Inc's largest 2024 grantees include Foundcare Inc ($500,500), Center for Child Counseling Inc ($250,000) and Feeding South Florida ($250,000), according to its 2024 IRS Form 990-PF. Together they received 17% of its itemized 2024 grant dollars.
How large is Quantum Foundation Inc?
Quantum Foundation Inc reported $171.2M in total assets on its 2024 IRS Form 990-PF. It paid out $8.0M in qualifying distributions that year, against a required minimum of $8.2M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Quantum Foundation Inc fund?
The foundation’s mission is to inspire and fund initiatives that improve the health of its communities. Its vision is for people in Palm Beach County to experience a better life through quality health. See mission & focus areas ↑
How do I apply for a grant from Quantum Foundation Inc?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Quantum Foundation Inc's EIN?
Quantum Foundation Inc's EIN (Employer Identification Number) is 59-0812783. IRS Form 990 filing data is available on this page for 2020–2024.
Does Quantum Foundation Inc accept unsolicited proposals?
Yes, 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 October 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 Quantum Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Quantum Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/quantum-foundation-inc-morg_34472e8c42154451ab430710262192d7
BibTeX
@misc{grantable_590812783_2026,
author = {{Grantable}},
title = {{Quantum Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/quantum-foundation-inc-morg_34472e8c42154451ab430710262192d7},
note = {Accessed 2026-10-10. 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 Quantum Foundation 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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