The Quest Diagnostics Foundation Inc
- Assets
- $616.5k
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Secaucus, NJ
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 22-3093807
Organization Overview
The Quest Diagnostics Foundation Inc is located in Secaucus, NJ. The organization was established in 1991. 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. Quest Diagnostics Foundation Inc 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 12/2021, Quest Diagnostics Foundation Inc generated $6.3m in total revenue.
Since 2020, Quest Diagnostics Foundation Inc has awarded 24 individual grants totaling $8,818,674. 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 |
|---|---|---|---|
William J O'shaughnessy Jr Secretary, Trustee | 2 | $0 | |
Ruth M Clements President | 2 | $0 | |
Michael J Deppe Vice President, Trustee | 1.25 | $0 | |
Ebony D David Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,287,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,287,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,523 |
| Total operating and administrative expenses | $655,536 |
| Contributions, gifts, grants paid | $7,365,657 |
| Total expenses and disbursements | $8,021,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $616,494 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Total assets | $616,494 |
| Accounts payable and accrued expenses | $150,000 |
| Grants payable | $3,217,555 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $899 |
| Total liabilities | $3,368,454 |
Grants Awarded
Over the last fiscal year, The Quest Diagnostics Foundation Inc has awarded $7,365,657 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: EXPANSION OF THE HBCU SCHOLARS PROGRAM; ESTABLISHMENT OF A SCHOLARS PROGRAM AT INSTITUTIONS OF HIGHER LEARNING SERVING HISPANIC STUDENTS; COVID-19 RELIEF THROUGH FEDERALLY QUALIFIED HEALTH CENTERS (EACH AN "FQHC"); AND HYPERTENSION RELIEF AND MANAGEMENT THROUGH FQHCS. | $2,150,826 |
New York, NY PURPOSE: TO SUPPORT THE FIGHT AGAINST HEALTHCARE DISPARITY. THIS GRANT IS TOWARDS "CHOOSE HEALTHY LIFE - THE DFA BLACK CLERGY ACTION PLAN". | $1,828,665 |
New York, NY PURPOSE: TO SUPPORT THE FIGHT AGAINST HEALTHCARE DISPARITY. THIS GRANT IS TOWARDS "CHOOSE HEALTHY LIFE - THE DFA BLACK CLERGY ACTION PLAN". | $977,368 |
AMERICAN HEART ASSOCIATION PURPOSE: EXPANSION OF THE HBCU SCHOLARS PROGRAM; ESTABLISHMENT OF A SCHOLARS PROGRAM AT INSTITUTIONS OF HIGHER LEARNING SERVING HISPANIC STUDENTS; COVID-19 RELIEF THROUGH FEDERALLY QUALIFIED HEALTH CENTERS (EACH AN "FQHC"); AND HYPERTENSION RELIEF AND MANAGEMENT THROUGH FQHCS. | $898,217 |
Naranjito, PR PURPOSE: FUND THE ESTABLISHMENT OF POST-COVID-19 CARE CLINIC IN CENTRAL PUERTO RICO. | $750,400 |
San Antonio, TX PURPOSE: TO DEVELOP A SOFTWARE APPLICATION TO DIGITIZE THE BIENESTAR/NEEMA CURRICULUMS FOR GRADES PRE-K, 1, 2, AND 3 THAT INFLUENCE CHILDREN'S HEALTH: HOME; CLASSROOM; GYM; AND SCHOOL FOOD SERVICE. | $738,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |