Dr Alvin & Monica Saake Foundation

HONOLULU, HI EIN: 73-1671840

Dr Alvin & Monica Saake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HONOLULU, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $180K. Net investment income was $242K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.3M

+1.6% YoY

Annual Giving

$180K

+50.0% YoY

Grant Count

7

+0.0% YoY

Avg Grant Size

$26K

+50.0% YoY

Under IRS private-foundation payout rules, Dr Alvin & Monica Saake Foundation reported a distributable amount of $170K for 2024 — the minimum it must pay out in qualifying distributions.

About Dr Alvin & Monica Saake Foundation

Based on IRS filings

Dr Alvin & Monica Saake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HONOLULU, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $180K. Net investment income was $242K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Honolulu

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$80K$160K$241K$321K20202021202220232024
Metric202420232022
Total Assets$2,301,799$2,265,652$2,629,385
Revenue$291,747$-167,011$240,954
Expenses$255,600$196,722$196,081
Qualifying Distributions$205,920$145,920$138,920
Net Investment Income$242,067$41,406$183,793
Distributable Amount$170,168$159,755$162,283

Giving Over Time

Total grant dollars and number of grants per year

$0$45K$90K$135K$180K9 grants202011 grants20218 grants20227 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

UNIVERSITY OF HAWAII FOU…$65KUNIVERSITY OF HAWAII FOU…$30KUNIVERSITY OF HAWAII FOU…$28KUNIVERSITY OF HAWAII FOU…$22KUNIVERSITY OF HAWAII FOU…$16KUNIVERSITY OF HAWAII FOU…$13KUNIVERSITY OF HAWAII FOU…$6K

Grant Size Distribution

42 grants across all recorded years

40<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Hawaii Foundation ($65,000), University of Hawaii Foundation ($30,000), University of Hawaii Foundation ($28,000).

RecipientPurposeAmount
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIEQUIPMENT ROOM$28,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIINTRAMURAL SPORTS PROGRAM$6,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HISTRENGTH & CONDITIONING ROOM$22,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIMEN'S BASKETBALL$65,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIDEPT OF KINESIOLOGY$16,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIATHLETIC TRAINING ROOM$30,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HIATHLETIC DEPT$13,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

BART M KOZAPRESIDENT$14KKELVIN SHOJIVICE-PRESIDE$14KERIC M OKASAKISECRETARY$7K

From 2024 filing

NameTitleHoursCompensation
BART M KOZAPRESIDENT1$14,400
KELVIN SHOJIVICE-PRESIDE1$14,400
ERIC M OKASAKISECRETARY1$7,200

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Dr Alvin & Monica Saake Foundation?

Dr Alvin & Monica Saake Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HONOLULU, HI. It holds $2.3M in total assets as of 2024.

How large is Dr Alvin & Monica Saake Foundation?

As of 2024, Dr Alvin & Monica Saake Foundation holds $2.3M in total assets with $292K in annual revenue. It awarded 7 grants totaling $180K in 2024.

Where does Dr Alvin & Monica Saake Foundation operate?

Dr Alvin & Monica Saake Foundation has awarded grants in Hawaii.

What size grants does Dr Alvin & Monica Saake Foundation award?

In 2024, Dr Alvin & Monica Saake Foundation awarded 7 grants totaling $180K — an average of about $26K per grant, based on its IRS Form 990 filings.

How much is Dr Alvin & Monica Saake Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Dr Alvin & Monica Saake Foundation reported a distributable amount of $170K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Dr Alvin & Monica Saake Foundation's EIN?

Dr Alvin & Monica Saake Foundation's EIN (Employer Identification Number) is 73-1671840. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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