Questa Economic Development Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
Annual Giving
$35K
Grant Count
2
Avg Grant Size
$17K
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.
About Questa Economic Development Fund
Based on IRS filings
Questa Economic Development Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,289,623 | $3,576,329 | $3,387,993 |
| Revenue | $736,063 | $80,568 | $420,353 |
| Expenses | $460,872 | $46,604 | $435,685 |
| Qualifying Distributions | $458,186 | $16,527 | — |
| Net Investment Income | $170,769 | $64,883 | $43,340 |
| Distributable Amount | $156,874 | $24,553 | $165,386 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Village of Q Grant - Rapid Action Fund ($25,000), Village of Q Grant - Nm True ($9,613).
| Recipient | Purpose | Amount |
|---|---|---|
| VILLAGE OF Q GRANT - NM TRUE SANTA FE, NM | TO ENCOURAGE TOURISM TO AREAS OF NEW MEXICO | $9,613 |
| VILLAGE OF Q GRANT - RAPID ACTION FUND QUESTA, NM | ECONOMIC DEVELOPMENT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MALAQUIAS RAEL JR | CHAIRMAN | 3 | — |
| JOHN ORTEGA | TRUSTEE | 1 | — |
| BRENT JARAMILLO | SECRETARY/TREASURER | 1 | — |
| LOUIS HERRERA | TRUSTEE | 1 | — |
| MARCUS RAEL JR | TRUSTEE | 2 | — |
| GABRIEL HERRERA | NON-VOTING MEMBER | 3 | — |
| MICHAEL GAILLOUR | NON-VOTING MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Questa Economic Development Fund?
Questa Economic Development Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in QUESTA, NM. It holds $4.3M in total assets as of 2024.
How large is Questa Economic Development Fund?
As of 2024, Questa Economic Development Fund holds $4.3M in total assets with $736K in annual revenue. It awarded 2 grants totaling $35K in 2024.
Where does Questa Economic Development Fund operate?
Questa Economic Development Fund has awarded grants in New Mexico.
What size grants does Questa Economic Development Fund award?
In 2024, Questa Economic Development Fund awarded 2 grants totaling $35K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Questa Economic Development Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Questa Economic Development Fund reported a distributable amount of $157K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Questa Economic Development Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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