Quest Foundation is a private independent foundation established in 2005 and based in Danville, California. The organization operates as a 501(c)(3) charitable foundation focused on philanthropic grantmaking in education and human services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$109.5M
+4.9% YoY
Annual Giving
$7.5M
+2.6% YoY
Grant Count
173
+0.0% YoY
Avg Grant Size
$43K
+2.6% YoY
Mission & Focus Areas
The foundation supports youth development and community initiatives through general operating support designed to empower youth facing significant obstacles through mentorship relationships. Primary funding areas include:
- Education: Elementary and secondary education, charter school education, higher education, education services, and reading promotion
- Human Services: Family services, child welfare, and youth development
- Philanthropy: Community foundations and grantmaking organizations
Grantmaking
The foundation primarily awards general operating support grants to organizations aligned with its mission.
Grant Range
$3,883 to $200,000
Average Grant
amount varies by year
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. states and cities, with significant concentration in:
- California (404 grants, particularly Oakland with 110 grants and San Francisco with 63 grants)
- Oregon (39 grants)
- Illinois (26 grants, particularly Chicago)
Additional funding activity noted in Colorado, Florida, Georgia, Indiana, Kansas, Massachusetts, Michigan, Minnesota, Missouri, Montana, New York, Ohio, Pennsylvania, Rhode Island, Virginia, and Washington.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $104–$110 million (varies by reporting year)
Annual Activity:
- Total revenues: $6.3–$6.5 million
- Total expenses: $8.4–$8.9 million
- Total giving/distributions: $7.5–$7.9 million
Historical Context: The foundation has experienced a slow decline in revenue, averaging 2.1% annual decrease over an eight-year period.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $109,508,317 | $104,441,761 | $97,905,568 |
| Revenue | $10,039,857 | $6,454,263 | $5,903,108 |
| Expenses | $8,297,441 | $8,851,339 | $8,360,439 |
| Qualifying Distributions | $7,865,326 | $7,679,618 | $8,190,203 |
| Net Investment Income | $9,267,738 | $4,869,224 | $3,911,750 |
| Distributable Amount | $5,193,824 | $4,819,674 | $5,105,877 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Derek Jernstedt: Executive Director, CFO, and Director (32 hours per week; compensation: $182,259–$183,000)
- Dorothy Jernstedt: President and Director (2 hours per week; no compensation)
- Jennifer Jernstedt: Secretary, Audit Committee Chair, and Director (2 hours per week; no compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEREK JERNSTEDT | EXECUTIVE DIRECTOR, CFO & DIRECTOR | 32 | $182,924 |
| DOROTHY JERNSTEDT | PRESIDENT & DIRECTOR | 2 | — |
| JENNIFER JERNSTEDT | SECRETARY, AUDIT COMMITTEE CHAIR & DIR | 2 | — |
Contact Information
- Address: PO Box 339, Danville, CA 94526-0339
- Phone: 925-743-1925
- EIN: 20-1844715
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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