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Questa Economic Development Fund is a private trust based in QUESTA, NM. The foundation received its IRS ruling in 2011. The principal officer is Marcus J Rael Jr. It holds total assets of $4.3M. Annual income is reported at $736K. Total assets have grown from $749K in 2010 to $4.3M in 2024. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Questa Economic Development Fund has made 4 grants totaling $110K, with a median grant of $13K. Annual giving has decreased from $25K in 2020 to $552 in 2022. Grantmaking activity was highest in 2021 with $84K distributed across 1 grants. Individual grants have ranged from $276 to $84K, with an average award of $27K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
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.
Questa Economic Development Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NM.
Questa Economic Development Fund has distributed a total of $110K across 4 grants. The median grant size is $13K, with an average of $27K. Individual grants have ranged from $276 to $84K.
Questa Economic Development Fund typically selects its grantees rather than accepting unsolicited proposals.
Questa Economic Development Fund is headquartered in QUESTA, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brent Jaramillo | TRUSTEE | $0 | $0 | N/A |
| Malaquias Rael Jr | CHAIRMAN | $0 | $0 | N/A |
| Michael Gaillour | NON-VOTING MEMBER | $0 | $0 | N/A |
| Christian Isely | NON-VOTING MEMBER | $0 | $0 | N/A |
| Mark Gallegos | SECRETARY/TREASURER | $0 | $0 | N/A |
| Louis Herrera | TRUSTEE | $0 | $0 | N/A |
| Marcus Rael Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.3M
Fair Market Value
N/A
Net Worth
$4.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$110K
Average Grant
$27K
Median Grant
$13K
Unique Recipients
2
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grant - AlumbraECONOMIC DEVELOPMENT FOR MARKET | Questa, NM | $276 | 2022 |
| San Antonio Del Rio ColoradoECONOMIC DEVELOPMENT | Questa, NM | $84K | 2021 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM