Questa Economic Development Fund
Questa Economic Development Fund is a private foundation, based in Questa, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $171K.
Questa Economic Development Fund at a glance
In short: Questa Economic Development Fund gave $35K across 2 grants in 2024 (avg $17K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,613
- Grants made (2024)
- 2
- Average grant
- $17,307
- Median grant
- $17,307
- Total assets
- $4,289,623
- Primary geography
- New Mexico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Questa Economic Development Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Village of Q Grant - Rapid Action Fund ($25K). Together the top 2 received $35K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Questa Economic Development Fund gives
- Giving fell 59% from 2021 to 2024. Method
- In 2024 it paid out 292% 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 $276 (2022) to $84K (2021). In 2024 it made 2 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Village of Q Grant - Rapid Action Fund Questa, NM | Economic Development | $25,000 |
| Village of Q Grant - NM True Santa Fe, NM | To Encourage Tourism to Areas of New Mexico | $9,613 |
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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 | $4,289,623 | $736,063 | $460,872 | $34,613 | 2 | $458,186 | $170,769 | $156,874 |
| 2022 | $3,576,329 | $80,568 | $46,604 | $276 | 1 | $16,527 | $64,883 | $24,553 |
| 2021 | $3,387,993 | $420,353 | $435,685 | $84,280 | 1 | — | $43,340 | $165,386 |
| 2020 | $3,340,626 | $584,102 | $315,453 | $25,000 | 1 | — | $89,332 | $158,421 |
Under IRS private-foundation payout rules, Questa Economic Development Fund reported a distributable amount of $157K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Questa Economic Development Fund is led by Malaquias Rael Jr., Chairman on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Malaquias Rael Jr.
Chairman
On filings since 2020
3 hrs/week
No compensation reported
Louis Herrera
Trustee
On filings since 2020
1 hr/week
No compensation reported
Marcus Rael Jr.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
John Ortega
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Brent Jaramillo
Secretary & Treasurer
Trustee → Secretary & Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Michael Gaillour
Non-Voting Member
On filings since 2020
1 hr/week
No compensation reported
Gabriel Herrera
Non-Voting Member
New on the 2024 filing
3 hrs/week
No compensation reported
Former officers (2)
- Former: Christian Isely (2020–2022) — Non-Voting Member
- Former: Mark Gallegos (2020–2022) — Secretary & Treasurer
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 Questa Economic Development Fund
How much does Questa Economic Development Fund give each year?
Questa Economic Development Fund gave $35K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Questa Economic Development Fund?
Questa Economic Development Fund reported $4.3M in total assets on its 2024 IRS Form 990-PF. It paid out $458K in qualifying distributions that year, against a required minimum of $157K (roughly 5% of its investment assets).
Where does Questa Economic Development Fund operate?
Questa Economic Development Fund has awarded grants in New Mexico.
What is Questa Economic Development Fund's EIN?
Questa Economic Development Fund's EIN (Employer Identification Number) is 26-3726962. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Questa Economic Development Fund funds
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