Grace and Richard Okita Foundation

HONOLULU, HI EIN: 99-0349094

Grace and Richard Okita Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HONOLULU, HI. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $885K in total assets. In 2023, it awarded 12 grants totaling $60K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$885K

-0.4% YoY

Annual Giving

$60K

-5.5% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$5K

+10.2% YoY

Under IRS private-foundation payout rules, Grace and Richard Okita Foundation reported a distributable amount of $43K for 2023 — the minimum it must pay out in qualifying distributions.

About Grace and Richard Okita Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Hawaii $147K (67%)

Washington $40K (18%)

California $15K (7%)

Tennessee $5K (2%)

Wisconsin $5K (2%)

Virginia $4K (2%)

District of Columbia $4K (2%)

New Jersey $2K (1%)

+3 more states

States

California District of Columbia Hawaii Kentucky New Jersey Ohio Oregon Tennessee Virginia Washington Wisconsin

Cities

ArlingtonCincinatiErlangerHonoluiluHonoluluKnoxvilleLompocLos AngelesMakawaoMerrifieldOceansideOshkoshPiscatawayPortlandSanta RosaSeattleVolcanoWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$884,631	$888,518	$852,795
Revenue	$60,063	$100,000	$79,010
Expenses	$63,950	$64,277	$53,125
Qualifying Distributions	$60,000	$63,500	$52,700
Net Investment Income	—	—	—
Distributable Amount	$42,926	$38,857	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

Grant Size Distribution

60 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Damien Memorial School ($10,000), Sacred Hearts Academy ($10,000), Saint Louis School ($10,000).

Recipient	Purpose	Amount
ASSISTANCE DOGS OF HAWAII MAKAWAO, HI	$5,000 TO SUPPORT COURTHOUSE FACILITY DOGS AND VETERANS PROGRAMS	$5,000
CABRILLO HIGH SCHOOL AQUARIUM LOMPOC, CA	$2,500 TO SUPPORT GREATEST NEEDS DONEE ACTIVITIES	$2,500
CANINE COMPANIONS SANTA ROSA, CA	$2,500 TO SUPPORT VETERANS PROGRAM. ONE TEAM. TWO HEROES.	$2,500
DAMIEN MEMORIAL SCHOOL HONOLULU, HI	$2,500 GRANT TO SCIENCE DEPT; $7,500 GRANT TO STUDENT CLUBS AND ORGANIZATIONS ART CLUB KEY CLUB STUDENT GOVT DESIGN COLLABORATIVE MIDDLE SCHOOL & HIGH SCHOOL ROBOTICS	$10,000
EAA AVIATION FOUNDATION OSHKOSH, WI	$1,000 GRANT TO EAA AVIATION MUSEUM EDUCATIONAL PROGRAM SCHOLARSHIP	$1,000
FRIENDS-HAWAII VOLCANOES NATL PARK VOLCANO, HI	$2,500 TO SUPPORT GREATEST NEEDS DONEE ACTIVITIES	$2,500
HAWAIIAN HUMANE SOCIETY HONOLULU, HI	$3,000 TO WISH LIST-KURUNDA SHELTER BEDS THEN PET FOOD BANK	$3,000
PEARL HARBOR AVIATION MUSEUM HONOLULU, HI	$1,000 TO SUPPORT YOUTH-ORIENTED EDUCATION PROGRAMS	$1,000
REHAB FOUNDATION HONOLULU, HI	$1,250 TO THE HEROES FUND-SUPPORTING OUR HEALTHCARE HEROES; $1,250 TO THE SHARING FUND-HELPING OUR COMMUNITY THRIVE	$2,500
SACRED HEARTS ACADEMY HONOLULU, HI	$5,000 EACH TO SUPPORT THE LOWER SCHOOL LIBRARY AND THE UPPER SCHOOL LIBRARY	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
LINDA M OKITA	P T D	1	—
GRACE Y OKITA	V S D	1	—
MYRNA H MATSUEDA	D	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Grace and Richard Okita Foundation?

Grace and Richard Okita Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HONOLULU, HI. It holds $885K in total assets as of 2023.

How large is Grace and Richard Okita Foundation?

As of 2023, Grace and Richard Okita Foundation holds $885K in total assets with $60K in annual revenue. It awarded 12 grants totaling $60K in 2023.

Where does Grace and Richard Okita Foundation operate?

Grace and Richard Okita Foundation has awarded grants in California, District of Columbia, Hawaii, Kentucky, New Jersey, Ohio, Oregon, Tennessee, Virginia, Washington, Wisconsin.

What size grants does Grace and Richard Okita Foundation award?

In 2023, Grace and Richard Okita Foundation awarded 12 grants totaling $60K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Grace and Richard Okita Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Grace and Richard Okita Foundation reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Grace and Richard Okita Foundation's EIN?

Grace and Richard Okita Foundation's EIN (Employer Identification Number) is 99-0349094. IRS Form 990 filing data is available on this page for 2020–2023.