Grace and Richard Okita Foundation
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
12
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
Explore Open Grants
Browse active grant opportunities in Grace and Richard Okita Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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