Questa Economic Development Fund
Questa Economic Development Fund is a private foundation, based in Questa, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 2 grants totaling $11K. Net investment income was $269K.
Questa Economic Development Fund at a glance
In short: Questa Economic Development Fund gave $11K across 2 grants in 2025 (avg $6K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $11,104
- -67.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $5,552
- -67.9% vs 2024
- Median grant
- $5,552
- Total assets
- $4,703,670
- +9.7% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Questa Economic Development Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Village of Q Grant - NM True ($6K). Together the top 2 received $11K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Questa Economic Development Fund gives
- Giving grew 3923% from 2022 to 2025. Method
- In 2025 it paid out 261% 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 2025, annual grant giving ranged from $276 (2022) to $84K (2021). In 2025 it made 2 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Village of Q Grant - NM True Santa Fe, NM | To Encourage Tourism to Areas of New Mexico | $6,104 |
| Village of Q Grant - Rapid Action Fund Questa, NM | Economic Development | $5,000 |
Ready to take the next step with Questa Economic Development Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,703,670 | $1,346,877 | $576,833 | $11,104 | 2 | $560,563 | $268,863 | $214,739 |
| 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 $215K for 2025 — 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 2025 report compensation.
Officers on the 2025 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
On filings since 2024
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
On filings since 2024
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, 2020–2025. "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 $11K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 2 grants.
How large is Questa Economic Development Fund?
Questa Economic Development Fund reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $561K in qualifying distributions that year, against a required minimum of $215K (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 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Questa Economic Development Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Questa Economic Development Fund's focus areas in our free grants database
Similar Funders
Similar funders in New Mexico
Dreamspring
Albuquerque, NM
DreamSpring primarily provides loans, training, and business support to underserved entrepreneurs and small businesses, rather than grants; recent filings report no grants, though a 2020 grant of $15,000 is recorded. It serves entrepreneurs in 27 states, and no typical grant size or process for unsolicited grant requests is stated.
Assets
$66.4M
Grants
356
Total Given
$4.8M
Santa Fe Community Foundation
Santa Fe, NM
The Santa Fe Community Foundation funds 501(c)(3) nonprofits working in health, education, economic opportunity, the environment, arts and culture, and other community priorities; its main focus is Mora, Rio Arriba, San Miguel, and Santa Fe counties, though some funds support work statewide. In 2024, grants ranged from $5,250 to $1,517,500, with a median of $16,006. It accepts proposals through competitive grant cycles and fund-specific opportunities; no grants were open at the time described.
Assets
$144.1M
Grants
302
Total Given
$12.4M
Albuquerque Community Foundation
Albuquerque, NM
The Albuquerque Community Foundation funds nonprofit work in health care, human services, arts and culture, education, environment and historic preservation, and economic and workforce development, serving Bernalillo, Sandoval, Torrance, and Valencia counties. Its 2024 grants had a median of $16,000 and ranged from $5,200 to $663,352; its annual grant cycle has a minimum award of $10,000.
Assets
$160.6M
Grants
245
Total Given
$6.9M
PNM TNMP Foundation
Albuquerque, NM
The PNM TNMP Foundation supports nonprofits working in education, environmental stewardship, and economic vitality, with grants also benefiting a range of community services. It funds organizations in New Mexico and Texas; 2024 grants ranged from $500 to $75,000, with a median grant of $5,000. Its website provides an application for the 2026 PNM Power Grant, but the profile does not explicitly state whether it accepts unsolicited requests.
Assets
$14.2M
Grants
169
Total Given
$1.3M
JF Maddox Foundation
Hobbs, NM
The JF Maddox Foundation funds education, community development, and social services projects that benefit residents of Lea County, New Mexico, including work by public charities and government entities. Grants vary widely; its 2024 filing shows a median award of $5,000, and it accepts unsolicited requests through an online application.
Assets
$247.3M
Grants
159
Total Given
$4.2M
Thornburg Foundation
Santa Fe, NM
The Thornburg Foundation supports New Mexico nonprofits working on education, water, land and agriculture, good governance, federal funding, homelessness, and community needs. In 2024, grants ranged from $1,000 to $225,000, with a median of $25,000; most funding went to New Mexico. It does not accept unsolicited requests and funds preselected organizations.
Assets
$179.4M
Grants
144
Total Given
$6.4M
More similar funders
More Funders in New Mexico
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Questa Economic Development Fund'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.
Questa Economic Development Fund down — hundreds of funders to go?