The Foundational Questions Institute, styled FQXi, is an organization which provides grants to “catalyze, support, and disseminate research on questions at the foundations of physics and cosmology.”

It has run two worldwide grant competitions.
The first competition provided US $2M to 30 projects.
FQXi is an independent, philanthropically funded non-profit organization, run by scientists for scientists,
with a Scientific Advisory Board including Alan Guth

Alan Guth

Alan Harvey Guth is an American theoretical physicist and cosmologist. Guth has researched elementary particle theory...

, Martin Rees and Frank Wilczek

Frank Wilczek

Frank Anthony Wilczek is a theoretical physicist from the United States and a Nobel laureate. He is currently the Herman Feshbach Professor of Physics at the Massachusetts Institute of Technology ....

.
The seed funding was donated by the John Templeton Foundation

John Templeton Foundation

"The John Templeton Foundation is a philanthropic organizationthat funds inter-disciplinary research about human purpose and ultimate reality. It is usually referred to simply as the Templeton Foundation...

.