Albert T & Wallace T Teruya Foundation
Albert T & Wallace T Teruya Foundation is a private foundation, based in Honolulu, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $666K in total assets. In 2024, it awarded 4 grants totaling $329K. Net investment income was $322K.
Key facts about Albert T & Wallace T Teruya Foundation
In short: Albert T & Wallace T Teruya Foundation gave $329K across 4 grants in 2024 (avg $82K), mostly in Hawaii. Source: 2024 IRS Form 990-PF.
- EIN
- 99-6014692
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $328,800
- Grants made (2024)
- 4
- Average grant
- $82,200
- Median grant
- $84,000
- Total assets
- $665,653
- Primary geography
- Hawaii (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$666K
-3.1% YoY
Annual Giving
$329K
-10.1% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$82K
-10.1% YoY
Under IRS private-foundation payout rules, Albert T & Wallace T Teruya Foundation reported a distributable amount of $376K for 2024 — the minimum it must pay out in qualifying distributions.
How Albert T & Wallace T Teruya Foundation gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $243K (2020) to $455K (2022). In 2024 it made 4 grants totaling $329K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Mid-Pacific Institute ($109K). Together the top 4 received $329K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 19 (37%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mid-Pacific Institute Honolulu, HI | Bingham Hall Reconstruction Project | $108,750 |
| University of Hawaii Foundation Honolulu, HI | Advancement of the KCC Culinary Arts Program | $100,000 |
| Iolani School Honolulu, HI | 6TH Grade Classroom | $68,000 |
| Le Jardin Academy Kailua, HI | Arts and Inovation Center | $52,050 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $665,653 | $686,641 | $759,047 |
| Revenue | $324,661 | $311,201 | $446,572 |
| Expenses | $345,644 | $383,607 | $456,920 |
| Qualifying Distributions | $328,800 | $365,550 | $455,000 |
| Net Investment Income | $322,047 | $307,768 | $445,243 |
| Distributable Amount | $375,649 | $325,558 | $365,988 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Albert T & Wallace T Teruya Foundation is led by Wayne T. Teruya, President, Executive Committee Chair & Trustee since 2023 (on filings since 2020); all 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Wayne T. Teruya
President, Executive Committee Chair & Trustee
Trustee → Vice President, Treasurer & Trustee, 2022
Vice President, Treasurer & Trustee → President, Executive Committee Chair & Trustee, 2023
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
Dexter T. Teruya
Trustee
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
John Love
Trustee
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
Natalie Teruya
Trustee
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
Rosemarie J. Love
Trustee
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
Roy T. Uyehara
Secretary & Trustee
Treasurer & Trustee → Secretary & Trustee, 2022
On filings since 2020
1 hr/week
$200 (2020) → $200 (2024)
Kimberly Mather
Trustee
New on the 2024 filing
1 hr/week
$200 (2024)
Christy Izuka
Vice President & Treasurer
On filings since 2023
1 hr/week
$200 (2023) → $200 (2024)
Former officers (2)
- Former: Ethel M. Teruya (2020–2023) — Trustee
- Former: Raymond T. Teruya (2020–2022) — President, Executive Committee Chair & Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $200, to Roy T Uyehara (Secretary/Trustee). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Albert T & Wallace T Teruya Foundation
How much does Albert T & Wallace T Teruya Foundation give each year?
Albert T & Wallace T Teruya Foundation gave $329K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $366K across 4 grants.
What is Albert T & Wallace T Teruya Foundation's typical grant size?
Albert T & Wallace T Teruya Foundation's median grant in 2024 was $84,000, and its average grant was $82,200, across 4 grants on its 2024 IRS Form 990-PF.
Where does Albert T & Wallace T Teruya Foundation give grants?
Albert T & Wallace T Teruya Foundation gives mostly in Hawaii: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Honolulu, HI (3 grants).
Does Albert T & Wallace T Teruya Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Albert T & Wallace T Teruya Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Albert T & Wallace T Teruya Foundation?
Albert T & Wallace T Teruya Foundation reported $666K in total assets on its 2024 IRS Form 990-PF. It paid out $329K in qualifying distributions that year, against a required minimum of $376K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Albert T & Wallace T Teruya Foundation's EIN?
Albert T & Wallace T Teruya Foundation's EIN (Employer Identification Number) is 99-6014692. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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