The Queally Foundation Inc
The Queally Foundation Inc. is a private foundation based in Palm Beach, Florida. Established in 2003 by Paul and Anne-Marie Queally, it says it works to promote educational opportunity for America’s most disadvantaged populations, including through scholarships and funding student opportunities in underprivileged areas.
The Queally Foundation Inc at a glance
In short: The Queally Foundation Inc gave $1.1M across 14 grants in 2024 (avg $78K), top state Connecticut. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,092,441
- -63.1% vs 2023
- Grants made (2024)
- 14
- -6.7% vs 2023
- Average grant
- $78,032
- -60.4% vs 2023
- Median grant
- $61,358
- Total assets
- $31,150,689
- +2.8% vs 2023
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2024; small sample)
- Primary geography
- Connecticut (46% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Queally Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Its website provides a preliminary grant application form; it says it will review an application and follow up with a more detailed form if the project is under further consideration.
- Contact
Mailing address: 326 Seabreeze Ave, Palm Beach, FL 33480
Phone: (203) 858-1382
Website: https://thequeallyfoundation.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Queally Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Catholic Academy of Bridgeport ($321K). Together the top 10 received $1.1M.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 30 grants of 66 (45%).
Geographic Focus
Where this funder awards grants
In 2024, 46% of grant dollars went to recipients in Connecticut and 45% to recipients in New York. Florida accounted for 5%, Utah 3%, and Illinois 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is The Queally Foundation Inc open to new grantees?
29%
first-time grantees, 2024
In 2024, 4 of 14 grantees (29%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $27K; repeat grants $98K. How we count
Medians: $16K first-time, $68K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving fell 61% from 2021 to 2024. Method
- In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $1.1M (2024) to $3.0M (2020). In 2024 it made 14 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Academy of Bridgeport Bridgeport, CT | General Support | $320,975 |
| JDRF New York, NY | General Support | $250,000 |
| Diocese of Bridgeport - We Stand with Christ Bridgeport, CT | General Support | $100,000 |
| The Multiple Myeloma Research Foundation Norwalk, CT | General Support | $83,000 |
| Invest in Education Foundation Albany, NY | General Support | $75,000 |
| Rising Stars Inc Freeport, NY | General Support | $70,000 |
| Friends of School in the Square Inc New York, NY | General Support | $66,090 |
| Hope Rural School Indiantown, FL | General Support | $56,626 |
| Romulus T Weatherman Memorial Fund Saratoga Springs, NY | General Support | $30,000 |
| US Ski & Snowboard Foundation Park City, UT | General Support | $28,000 |
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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 | $31,150,689 | $2,518,654 | $1,634,966 | $1,092,441 | 14 | $1,165,680 | $1,515,401 | $1,663,597 |
| 2023 | $30,296,361 | $8,500,910 | $3,742,306 | $2,956,779 | 15 | $3,023,182 | $11,882,345 | $1,455,330 |
| 2022 | $25,526,775 | $3,280,695 | $3,402,473 | $2,928,435 | 14 | $2,988,091 | $3,233,406 | $1,672,098 |
| 2021 | $25,650,445 | $969,812 | $3,031,833 | $2,770,540 | 11 | $2,834,241 | $668,758 | $1,994,631 |
| 2020 | $27,711,484 | $2,847,026 | $3,265,271 | $2,993,762 | 12 | — | $371,153 | $1,640,268 |
Under IRS private-foundation payout rules, The Queally Foundation Inc reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that its mission is to promote educational opportunity for America’s most disadvantaged populations. It says it invests in future generations by providing scholarships and funding student opportunities in underprivileged areas.
Its grants include support for organizations with varied education-related work. Invest in Education Foundation describes its mission as promoting improvement in education, increasing educational choice, and closing gaps in educational achievement. Rising Stars Inc says it promotes education and reinforces values through team-based life skills and academic and athletic support for children. Hope Rural School describes itself as a private Catholic nonprofit educational institution for children of immigrants and farm workers.
Grantmaking
In 2024, the foundation made 14 grants totaling $1,092,441. Awards ranged from $250 to $320,975, with a median grant of $61,358. The largest awards included $320,975 to Catholic Academy of Bridgeport, $250,000 to JDRF, $100,000 to Diocese of Bridgeport – We Stand with Christ, and $83,000 to The Multiple Myeloma Research Foundation. The listed purposes for these grants were general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Anne-Marie Queally as Vice President/Director and Paul B. Queally as President/Director/Secretary.
The Queally Foundation Inc is led by Paul B. Queally, President, Director & Secretary on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Paul B. Queally
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Anne-Marie Queally
Vice President & Director
On filings since 2020
1 hr/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 The Queally Foundation Inc
How much does The Queally Foundation Inc give each year?
The Queally Foundation Inc gave $1.1M across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.0M across 15 grants.
What is The Queally Foundation Inc's typical grant size?
The Queally Foundation Inc's median grant in 2024 was $61,358, and its average grant was $78,032, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Queally Foundation Inc that year got $27K on average.
Where does The Queally Foundation Inc give grants?
The Queally Foundation Inc's top state is Connecticut, with 46% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (45%) and Florida (5%). The most frequent recipient cities were New York, NY (3 grants) and Bridgeport, CT (2 grants).
Does The Queally Foundation Inc give general operating support?
Yes: 100% of The Queally Foundation Inc's 2024 grants with a stated purpose (14 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Queally Foundation Inc's largest grantees?
The Queally Foundation Inc's largest 2024 grantees include Catholic Academy of Bridgeport ($320,975), JDRF ($250,000) and Diocese of Bridgeport - We Stand with Christ ($100,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is The Queally Foundation Inc?
The Queally Foundation Inc reported $31.2M in total assets on its 2024 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $1.7M (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.
What does The Queally Foundation Inc fund?
The foundation states that its mission is to promote educational opportunity for America’s most disadvantaged populations. It says it invests in future generations by providing scholarships and funding student opportunities in underprivileged areas. See mission & focus areas ↑
How do I apply for a grant from The Queally Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Queally Foundation Inc's EIN?
The Queally Foundation Inc's EIN (Employer Identification Number) is 77-0607990. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Queally Foundation Inc 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Queally Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/the-queally-foundation-inc-morg_d7d0cac583dd44aba549256ce17f6552
BibTeX
@misc{grantable_770607990_2026,
author = {{Grantable}},
title = {{The Queally Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-queally-foundation-inc-morg_d7d0cac583dd44aba549256ce17f6552},
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 Queally Foundation Inc'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.
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