The Quarterman & Keller Foundation Inc

What it reported doing in 2025

The reparations project: the reparations project creates new models for individuals, descendant- families, and the nation to repair racialized injustice against black/african-american people that began in 1619 and continues today. The reparations project is a multifaceted redress initiative that seeks to narrow the wealth gap and promote equity by centering descendants of those who were enslaved and supporting descendant families of enslavers to pursue ancestral healing through repairing generational harm. Investing in education: through our quarterman & keller social justice scholarships and financial literacy academy, we invest in black/a-a students, educators, and social justice education that engage local communities where large numbers of ancestors of the enslaved live. Recruit for legal land redress and support black land preservation: we recruit attorneys and title companies to assist descendants of the enslaved with heirs property challenges in order to preserve and strengthen black/a-a land ownership and generational wealth. We fund local organizations who help assist multi-generational african american families with payments to prevent tax auction sale on properties that have been owned since the 1800's. We also partner with scholars and local activists to protect and preserve sacred spaces for education and healing. Supporting black artists and descendant family truth telling: we believe truth telling and authentic relationships are key to our nation's healing and repair. We assist descendant-families of the enslaved and of enslavers in reconciliation and amplify acts of repair through our art exhibition titled repossessions. 2025 update: we had two major donors this year that allowed us to run a very special scholarship program called the parsons dwight law school scholarship program and the trp law school scholarship program. We were able to fund 16 law school students who are attending a wide range of law schools including: harvard, yale, emory, howard, columbia, university of Georgia, wake forrest, and notre dame. We also continued to support students at spelman, morehouse, and clark atlanta as well as uc santa barbara and ucla.we continued to help pay taxes for gullah geechee families through lowcountry gullah foundation, and supported repair and refurbishing of the gullah geechee community center in the pinpoint community in savannah, Georgia. We also worked with our amazing repossessions curator dr. Bridget cooks to launch repossessions in february 2025 at the California african american museum in los angeles. It then traveled to the museum of fine art at spelman college, where it resides now.

Financial Efficiency

• Mission deployment rate: 54.6%; rating input score 55
• Program expense ratio: 98.9%; rating input score 99
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.1%; rating input score 98; 50th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 3 of 7 controls in place; rating input score 43
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 50.9%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 1.89; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: 29.6% per year; rating input score 100; 88th percentile among comparable filings
• Revenue growth: 21.3% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 25.5% per year; rating input score 100; 86th percentile among comparable filings