Questa Economic Development Fund

Private foundation · Grantmaker Questa, NM EIN: 26-3726962

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.

Key facts about Questa Economic Development Fund

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.

EIN
26-3726962
Latest 990 filing
Form 990-PF, 2024
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)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

QuestaSanta Fe

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K1 grant2020 1 grant2021 1 grant2022 2 grants2024

From 2020 to 2024, annual grant giving ranged from $276 (2022) to $84K (2021). In 2024 it made 2 grants totaling $35K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Village of Q Grant - Rapid Action Fund: $25KVillage of Q Grant - RapidAction Fund$25KVillage of Q Grant - NM True: $10KVillage of Q Grant - NM True$10K

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

4<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 5 (80%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Village of Q Grant - Rapid Action Fund Questa, NMEconomic Development$25,000
Village of Q Grant - NM True Santa Fe, NMTo Encourage Tourism to Areas of New Mexico$9,613

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2024
Metric202420222021
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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