Quantum Foundation invests over $3 million locally in first half of 2025

South Florida Hospital News Heathcare Report July 21, 2025

Private Palm Beach County Grantmaking Organization Funds $275,000 to its Stronger Communities Initiative

July 21, 2025 – WEST PALM BEACH, Florida – The board of trustees for Quantum Foundation, under the chairmanship of William Meyer, recently approved 26 grants totaling more than $3.25 million for Palm Beach County-based nonprofits.

Quantum Foundation’s mission is to inspire and fund initiatives that improve the health of Palm Beach County residents. The health foundation was formed from $125 million in proceeds from the sale of JFK Medical Center. Now in its third decade of community investment, the foundation has assets of approximately $170 million. Since its inception, Quantum Foundation has awarded $175 million to hundreds of Palm Beach County nonprofit grantees. Every dollar the foundation grants stays in the county to benefit local communities.

Of the grants allocated for the first and second quarters of 2025, $275,000 was granted through the foundation’s Stronger Communities Initiative (SCI) in West Palm Beach.

Quantum Foundation’s board and local city leaders have recognized decades of disparities rooted in racial inequities and underinvestment in West Palm Beach’s Northwest, Coleman Park, Pleasant City, Northwood Hills, Pinewood Park and North 45th Street communities. These neighborhoods routinely experience limited opportunities and shorter life expectancies for their residents. Quantum Foundation’s SCI grants will address these challenges by targeting social determinants of health, the medical and non-medical factors that influence an individual’s healthand investing in initiatives led by local nonprofit organizations working to uplift the community’s well-being.

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