The Hultquist Foundation
The Hultquist Foundation is a private foundation based in Vero Beach, Florida. Its 2025 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
The Hultquist Foundation at a glance
In short: The Hultquist Foundation gave $294K across 32 grants in 2025 (avg $9K), top state Florida. 3% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $294,000
- +12.6% vs 2024
- Grants made (2025)
- 32
- -3.0% vs 2024
- Average grant
- $9,188
- +16.2% vs 2024
- Median grant
- $10,000
- Total assets
- $3,114,439
- -5.2% vs 2024
- New grantees (estimate)
- 3% first-time grantees (1 of 32, 2025)
- Primary geography
- Florida (38% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Hultquist Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 130 Island Creek Drive, Vero Beach, FL 32963
Phone: (516) 874-8800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Hultquist Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Childcare Resources ($60K). Together the top 10 received $150K.
Grant Size Distribution
159 grants across all recorded years
The most common grant size was under $50K: 158 grants of 159 (99%).
Geographic Focus
Where this funder awards grants
The foundation is based in Vero Beach, Florida. In 2025, 38% of grant dollars went to recipients in Florida, 20% to New York, 12% to North Carolina, 10% to Connecticut, and 5% to Minnesota.
Grant Distribution by State
Share of 2025 grant dollars across all 32 itemized grants.
States
Cities
Is The Hultquist Foundation open to new grantees?
3%
first-time grantees, 2025
In 2025, 1 of 32 grantees (3%) were first-time recipients. First grants averaged $3K; repeat grants $9K. How we count
Medians: $3K first-time, $10K repeat.
- 97% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+7%). Method
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $238K (2023) to $294K (2025). In 2025 it made 32 grants totaling $294K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Childcare Resources Vero Beach, FL | General Operating | $60,000 |
| Boys and Girls Club of Indian River County Vero Beach, FL | General Operating | $10,000 |
| Chrysalis Center Inc Hartford, CT | General Operating | $10,000 |
| Cleveland Clinic Foundation Independence, OH | General Operating | $10,000 |
| Covenant House New York, NY | General Operating | $10,000 |
| Evans Scholarship Foundation Golf, IL | General Operating | $10,000 |
| Freedom Communities Charlotte, NC | General Operating | $10,000 |
| Hope for New York New York, NY | General Operating | $10,000 |
| Indian River Habitat for Humanity Vero Beach, FL | General Operating | $10,000 |
| Johns Hopkins University Baltimore, MD | General Operating | $10,000 |
Ready to take the next step with The Hultquist Foundation?
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 | $3,114,439 | $135,518 | $307,701 | $294,000 | 32 | $299,715 | $128,119 | $281,118 |
| 2024 | $3,286,622 | $145,295 | $275,732 | $261,000 | 33 | $266,867 | $140,653 | $213,813 |
| 2023 | $3,417,067 | $128,476 | $257,988 | $238,000 | 31 | $243,698 | $118,186 | $237,217 |
| 2022 | $3,546,582 | $174,363 | $289,196 | $276,000 | 33 | $281,480 | $166,647 | $229,414 |
| 2021 | $3,665,336 | $295,747 | $252,678 | $240,000 | 30 | $245,363 | $288,432 | $245,109 |
| 2020 | $3,622,267 | $-57,906 | $258,011 | $245,000 | 29 | — | $87,447 | $187,229 |
Under IRS private-foundation payout rules, The Hultquist Foundation reported a distributable amount of $281K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its grants show support for a range of organizations. For example, Mayo Clinic describes its mission as providing patient care while advancing health and well-being through clinical practice, education, and research. Chrysalis Center says it serves individuals and families in Connecticut, including people facing poverty, mental health and addiction challenges, and homelessness. Freedom Communities describes its work as driving family and community transformation through programs and real estate investments.
Other 2025 recipients describe work in children’s heart health (Heart Care International), community fundraising and support for local programs (United Way of Indian River County), and helping people achieve sustainable economic self-sufficiency (United Against Poverty). These are the grantees’ descriptions of their own missions.
Grantmaking
In filing year 2025, the foundation reported 32 grants totaling $294,000. Awards ranged from $1,000 to $60,000, with a median of $10,000. The largest listed grant was $60,000 to Childcare Resources in Vero Beach for general operating support.
Other listed 2025 grants of $10,000 each, also for general operating support, included Boys and Girls Club of Indian River County, Chrysalis Center, Cleveland Clinic Foundation, Covenant House, Evans Scholarship Foundation, Freedom Communities, Hope for New York, Indian River Habitat for Humanity, Johns Hopkins University, Mayo Clinic, and Montefiore Medical Center. Other grantees reporting $10,000 awards included Heart Care International, United Way of Indian River County, and United Against Poverty.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Timothy A. Hultquist as president; Cynthia Hultquist as vice president; and Kirsten Rastrick, Matthew Hultquist, and Andrew Hultquist as trustees.
The Hultquist Foundation is led by Timothy A. Hultquist, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Timothy A. Hultquist
President
On filings since 2020
1 hr/week
No compensation reported
Andrew Hultquist
Trustee
Director → Trustee, 2023
On filings since 2020
1 hr/week
No compensation reported
Kirsten Rastrick
Trustee
Director → Trustee, 2023
On filings since 2020
1 hr/week
No compensation reported
Matthew Hultquist
Trustee
Director → Trustee, 2023
On filings since 2020
1 hr/week
No compensation reported
Cynthia Hultquist
Vice President
On filings since 2020
1 hr/week
No compensation reported
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 The Hultquist Foundation
How much does The Hultquist Foundation give each year?
The Hultquist Foundation gave $294K across 32 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $261K across 33 grants.
What is The Hultquist Foundation's typical grant size?
The Hultquist Foundation's median grant in 2025 was $10,000, and its average grant was $9,188, across 32 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Hultquist Foundation that year got $3K on average.
Where does The Hultquist Foundation give grants?
The Hultquist Foundation's top state is Florida, with 38% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (20%) and North Carolina (12%). The most frequent recipient cities were Vero Beach, FL (6 grants), New York, NY (6 grants), Charlotte, NC (2 grants) and Hartford, CT (2 grants).
Does The Hultquist Foundation give general operating support?
Yes: 100% of The Hultquist Foundation's 2025 grants with a stated purpose (32 of 32) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Hultquist Foundation's largest grantees?
The Hultquist Foundation's largest 2025 grantees include Childcare Resources ($60,000), Boys and Girls Club of Indian River County ($10,000) and Chrysalis Center Inc ($10,000), according to its 2025 IRS Form 990-PF. Together they received 27% of its itemized 2025 grant dollars.
How large is The Hultquist Foundation?
The Hultquist Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $300K in qualifying distributions that year, against a required minimum of $281K (roughly 5% of its investment assets).
What does The Hultquist Foundation fund?
No foundation mission statement is provided. Its grants show support for a range of organizations. For example, Mayo Clinic describes its mission as providing patient care while advancing health and well-being through clinical practice, education, and research. See mission & focus areas ↑
How do I apply for a grant from The Hultquist Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Hultquist Foundation's EIN?
The Hultquist Foundation's EIN (Employer Identification Number) is 98-0120582. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Hultquist Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 May 28, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Hultquist Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
Community Foundation of Greater Memphis Inc
Memphis, TN
The Community Foundation of Greater Memphis supports community needs, nonprofit capacity building, and donor-directed and theme-based grants, with awards across West Tennessee, eastern Arkansas, and northern Mississippi. Its 2025 grants had a median of $20,200, though amounts varied widely; unsolicited requests are accepted only through specific application-based opportunities, not stated as a general process.
Assets
$953.1M
Grants
761
Total Given
$134.3M
More similar funders
More Funders in Florida
Cite this profile
Grantable. (2026). The Hultquist Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/the-hultquist-foundation-morg_4c525c3ac4f34d9a9d08eb6ca11906d6
BibTeX
@misc{grantable_980120582_2026,
author = {{Grantable}},
title = {{The Hultquist Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-hultquist-foundation-morg_4c525c3ac4f34d9a9d08eb6ca11906d6},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Hultquist Foundation'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.
The Hultquist Foundation down — hundreds of funders to go?