Eqt Foundation
- Assets
- $28.6m
- Revenue
- $1.5m
- Investments
- $28.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 04-3747289
Organization Overview
Eqt Foundation is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eqt Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Eqt Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eqt Foundation has awarded 4,259 individual grants totaling $48,711,989. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Evancho Director | 1 | $0 | |
Michael Lauderbaugh Director | 1 | $0 | |
Toby Z Rice Director | 1 | $0 | |
Thomas E Quinlan Treasurer | 1 | $0 | |
Lia Fodi Secretary | 1 | $0 | |
Ellen L Rossi President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $645,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $773,510 |
| Capital Gain Net Income | $773,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,032 |
| Total Revenue | $1,461,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,481 |
| Total operating and administrative expenses | $108,960 |
| Contributions, gifts, grants paid | $3,890,747 |
| Total expenses and disbursements | $3,999,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $596,470 |
| Net Accounts receivable | $2,202 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,965 |
| Total assets | $28,570,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $162,536 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $475 |
| Total liabilities | $163,011 |
Grants Awarded
Over the last fiscal year, Eqt Foundation has awarded $3,720,748 in support to 368 organizations.
| Grant Recipient | Amount |
|---|---|
412 FOOD RESCUE PURPOSE: 2021 MATCHING GIFT | $2,000 |
412 FOOD RESCUE PURPOSE: COMMUNITY ENRICHMENT | $15,000 |
5 LOAVES FOOD PANTRY PURPOSE: COMMUNITY ENRICHMENT | $20,000 |
5 STAR GLOBAL MINISTRY PURPOSE: 2021 MATCHING GIFT | $25,000 |
A BELLAOUCHA PURPOSE: ASPIRE SCHOLARSHIP PROGRAM | $1,250 |
A AVIGAD PURPOSE: EQT ENERGIZE YOUR EDUCATION SCHOLARSHIP | $10,000 |