Quitiplas Foundation
Quitiplas Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.3M in total assets. In 2024, it made $124K in qualifying distributions. Net investment income was $666K.
Quitiplas Foundation at a glance
- Total assets
- $12,306,697
- +4.2% vs 2023
- Revenue (2024)
- $666,495
- -55.0% vs 2023
- Qualifying distributions (2024)
- $123,902
- +27.4% vs 2023
- Expenses (2024)
- $169,486
- +16.2% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Quitiplas Foundation funds
How this funder distributes its grants
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 17 grants of 29 (59%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Quitiplas Foundation gives
- Giving fell 100% from 2020 to 2023. Method
- In 2024 it paid out 22% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2023, annual grant giving ranged from $10K (2023) to $2.4M (2021). In 2023 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Center for Cuban Studies Inc Brooklyn, NY | General & Unrestricted | $10,000 |
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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 | $12,306,697 | $666,495 | $169,486 | — | — | $123,902 | $666,320 | $558,535 |
| 2023 | $11,809,688 | $1,482,379 | $145,838 | $10,000 | 1 | $97,218 | $1,473,429 | $503,616 |
| 2022 | $10,473,147 | $627,844 | $288,567 | $111,000 | 4 | $184,053 | $504,703 | $476,082 |
| 2021 | $10,133,870 | $216,968 | $2,586,148 | $2,426,490 | 16 | $2,484,326 | $149,329 | $519,779 |
| 2020 | $12,503,050 | $6,622,048 | $2,211,462 | $2,057,399 | 8 | — | $198,412 | $598,006 |
Under IRS private-foundation payout rules, Quitiplas Foundation reported a distributable amount of $559K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Quitiplas Foundation is led by Thomas M Scruggs Jr., President, Director & Secretary on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Thomas M Scruggs Jr.
President, Director & Secretary
On filings since 2020
20 hrs/week
No compensation reported
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 Quitiplas Foundation
How large is Quitiplas Foundation?
Quitiplas Foundation reported $12.3M in total assets on its 2024 IRS Form 990-PF. It paid out $124K in qualifying distributions that year, against a required minimum of $559K (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.
Where does Quitiplas Foundation operate?
Quitiplas Foundation has awarded grants in California, District of Columbia, Illinois, Massachusetts, Maryland, New York, Tennessee, Wisconsin.
What is Quitiplas Foundation's EIN?
Quitiplas Foundation's EIN (Employer Identification Number) is 26-1622017. 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
Explore Open Grants
Browse active grant opportunities in Quitiplas Foundation's focus areas in our free grants database
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