Herbert and Margarita Mist Scholarship Fund
Herbert and Margarita Mist Scholarship Fund is a private foundation, based in Honolulu, HI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $624K in total assets. In 2025, it awarded 1 grant totaling $40K. Net investment income was $62K.
Herbert and Margarita Mist Scholarship Fund at a glance
In short: Herbert and Margarita Mist Scholarship Fund gave $40K across 1 grant in 2025 (avg $40K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $40,000
- +0.0% vs 2024
- Median grant
- $40,000
- Total assets
- $624,257
- +2.5% vs 2024
- Primary geography
- Hawaii (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Herbert and Margarita Mist Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iolani School ($40K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Herbert and Margarita Mist Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 94% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $38K (2021) to $47K (2022). In 2025 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iolani School Honolulu, HI | Unrestricted Gift | $40,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $624,257 | $73,668 | $58,625 | $40,000 | 1 | $47,850 | $62,051 | $50,806 |
| 2024 | $609,217 | $42,100 | $59,000 | $40,000 | 1 | $49,556 | $32,387 | $47,017 |
| 2023 | $626,117 | $18,455 | $54,300 | $40,000 | 1 | $41,150 | $5,676 | $42,890 |
| 2022 | $661,962 | $53,255 | $73,072 | $47,000 | 1 | $52,695 | $37,282 | $44,453 |
| 2021 | $681,779 | $64,253 | $53,747 | $38,000 | 1 | — | $53,290 | $47,223 |
Under IRS private-foundation payout rules, Herbert and Margarita Mist Scholarship Fund reported a distributable amount of $51K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Herbert and Margarita Mist Scholarship Fund's only listed officer is Bank Of Hawaii, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of Hawaii
Trustee
On filings since 2021
1 hr/week
$15K (2021) → $11K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to Bank of Hawaii (Trustee).
Frequently asked questions about Herbert and Margarita Mist Scholarship Fund
How much does Herbert and Margarita Mist Scholarship Fund give each year?
Herbert and Margarita Mist Scholarship Fund gave $40K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 1 grant.
How large is Herbert and Margarita Mist Scholarship Fund?
Herbert and Margarita Mist Scholarship Fund reported $624K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $51K (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.
Where does Herbert and Margarita Mist Scholarship Fund operate?
Herbert and Margarita Mist Scholarship Fund has awarded grants in Hawaii.
What is Herbert and Margarita Mist Scholarship Fund's EIN?
Herbert and Margarita Mist Scholarship Fund's EIN (Employer Identification Number) is 99-0259507. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 12, 2026)
- IRS filings on file for fiscal years 2021–2025
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