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Regular grants fund initiatives that align with the foundation's mission to improve health in Palm Beach County. Funding is focused on three Impact Zones: Better Engagement in Health, Greater Access to Health Resources, and Stronger Connections for Healthy Communities. These grants support high-capacity organizations and projects that create measurable community health impact.
Quantum Foundation Inc. is a private corporation based in WEST PALM BCH, FL. The foundation received its IRS ruling in 1959. It holds total assets of $171.2M. Annual income is reported at $30.9M. Total assets have grown from $132.1M in 2011 to $171.2M in 2024. The foundation is governed by 13 officers and trustees. The foundation operates in the area of health. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Florida. According to available records, Quantum Foundation Inc. has made 872 grants totaling $24.7M, with a median grant of $10K. Annual giving has decreased from $13.7M in 2021 to $11M in 2022. Individual grants have ranged from N/A to $610K, with an average award of $28K. The foundation has supported 321 unique organizations. Grants have been distributed to organizations in Florida and California and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$10K
Average Grant
$30K
Largest Grant
$610K
Based on 227 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Quantum Foundation Inc. primarily funds organizations in the area of health. Based on available records, the foundation has funded 872 grants. Its grantmaking reaches organizations primarily in FL, CA, NY.
Quantum Foundation Inc. has distributed a total of $24.7M across 872 grants. The median grant size is $10K, with an average of $28K. Individual grants have ranged from N/A to $610K.
The application deadline is SEE OUR WEBSITE FOR GRANT SUBMISSION DEADLINES.. Grants are made to organizations classified as tax-exempt under 501(c)(3) of the internal revenue code. Grants are also made to tax supported institutions, such as colleges and universities, local tax district and some governmental agencies. All grants must benefit the community of palm beach county, florida. Unsolicited requests for grants are accepted. Grants are not provided to individuals.
Quantum Foundation Inc. is headquartered in WEST PALM BCH, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eric M Kelly | PRESIDENT | $316K | $21K | $343K |
| Joe Paskoski | CFO/VP OF ADMINISTRATION | $235K | $0 | $235K |
| Randy Scheid | CHIEF STRATEGY OFFICER | $177K | $27K | $210K |
| Dr Ronald Romear | VICE CHAIR | $0 | $0 | N/A |
| Daniel Alberttis | TRUSTEE | $0 | $0 | N/A |
| Jeannette M Corbett | TRUSTEE | $0 | $0 | N/A |
| Michael J Dixon | TRUSTEE | $0 | $0 | N/A |
| Brian Kirkpatrick | CHAIRMAN | $0 | $0 | N/A |
| William A Meyer | TRUSTEE | $0 | $0 | N/A |
| Stephen C Moore | TRUSTEE | $0 | $0 | N/A |
| Dr Gerald J O'Connor | TRUSTEE | $0 | $0 | N/A |
| Ethel Isaacs Williams | TRUSTEE | $0 | $0 | N/A |
| Shaun Mcgruder | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$171.2M
Fair Market Value
N/A
Net Worth
$168.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
872
Total Giving
$24.7M
Average Grant
$28K
Median Grant
$10K
Unique Recipients
321
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Caridad CenterGENERAL FUNDING | Boynton Beach, FL | $317K | 2022 |
| Community Partners Of South FloridaGENERAL FUNDING | Riviera Beach, FL | $250K | 2022 |
| Feeding South FloridaGENERAL FUNDING | Boynton Beach, FL | $250K | 2022 |
| The Lord'S PlaceGENERAL FUNDING | West Palm Beach, FL | $250K | 2022 |
| Palm Beach State College FoundationGENERAL FUNDING | Lake Worth, FL | $250K | 2022 |
| Guatemalan-Maya Center IncGENERAL FUNDING | Lake Worth, FL | $159K | 2022 |
| The Lola & Saul Kramer Senior Svcs AgencyGENERAL FUNDING | West Palm Beach, FL | $150K | 2022 |
| Community Health Center West Palm BeachGENERAL FUNDING | West Palm Beach, FL | $150K | 2022 |
| Housing PartnershipGENERAL FUNDING | Riviera Beach, FL | $138K | 2022 |
| Education Foundation Of Palm Beach CountyGENERAL FUNDING | Boynton Beach, FL | $112K | 2022 |
| Center For Child Counseling IncGENERAL FUNDING | Palm Beach Gardens, FL | $100K | 2022 |
| Urban Youth ImpactGENERAL FUNDING | West Palm Beach, FL | $100K | 2022 |
| Palm Beach County Health DepartmentGENERAL FUNDING | West Palm Beach, FL | $100K | 2022 |
| Promise Fund Of FloridaGENERAL FUNDING | Palm Beach, FL | $94K | 2022 |
| Community Foundation Pb & Martin CountiesGENERAL FUNDING | West Palm Beach, FL | $88K | 2022 |
| Vita Nova IncGENERAL FUNDING | West Palm Beach, FL | $79K | 2022 |
| Alzheimer'S Community Care IncGENERAL FUNDING | West Palm Beach, FL | $67K | 2022 |
| Children'S Case Management OrganizationGENERAL FUNDING | West Palm Beach, FL | $65K | 2022 |
| Feed The Hungry Pantry Of Pb CountyGENERAL FUNDING | West Palm Beach, FL | $63K | 2022 |
| Easter Seals Florida IncGENERAL FUNDING | West Palm Beach, FL | $62K | 2022 |
| El Sol Jupiter'S Neighborhood Res CenterGENERAL FUNDING | Jupiter, FL | $62K | 2022 |
| Neighborhood Renaissance IncGENERAL FUNDING | West Palm Beach, FL | $62K | 2022 |
| Grandma'S Place IncGENERAL FUNDING | Royal Palm Beach, FL | $60K | 2022 |
| George Snow Scholarship FundGENERAL FUNDING | Boca Raton, FL | $60K | 2022 |
| Palm Beach Cancer Institute FoundationGENERAL FUNDING | Palm Beach Gardens, FL | $60K | 2022 |