Herbert C Shipman Foundation

HILO, HI EIN: 99-0175917

Herbert C Shipman Foundation is a private foundation, based in HILO, HI. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $522K in total assets. In 2023, it awarded 2 grants totaling $30K. Net investment income was $8K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$522K

-4.3% YoY

Annual Giving

$30K

-1.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

-1.7% YoY

Under IRS private-foundation payout rules, Herbert C Shipman Foundation reported a distributable amount of $27K for 2023 — the minimum it must pay out in qualifying distributions.

About Herbert C Shipman Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Hawaii $88K (100%)

States

Hawaii

Cities

HiloHonolulu

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$521,868	$545,325	$501,016
Revenue	$15,581	$83,075	$15,517
Expenses	$39,038	$38,766	$35,576
Qualifying Distributions	$30,204	$30,728	—
Net Investment Income	$8,088	$72,316	$7,444
Distributable Amount	$26,836	$30,152	$30,776

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Hawaii Community Foundation ($21,200), Rotary Club of Hilo Foundation ($9,000).

Recipient	Purpose	Amount
HAWAII COMMUNITY FOUNDATION HONOLULU, HI	SCHOLARSHIPS	$21,200
ROTARY CLUB OF HILO FOUNDATION HILO, HI	SUPPORT	$9,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
OLIVER ENGLISH	DIRECTOR	1	—
NANCY CABRAL	PRESIDENT/SEC/TREAS	2	—
BARBARA TAKASE	VICE PRESIDENT	1	—
DOUG ADAMS	DIRECTOR	1	—

Frequently Asked Questions

How large is Herbert C Shipman Foundation?

As of 2023, Herbert C Shipman Foundation holds $522K in total assets with $16K in annual revenue. It awarded 2 grants totaling $30K in 2023.

Where does Herbert C Shipman Foundation operate?

Herbert C Shipman Foundation has awarded grants in Hawaii.

What size grants does Herbert C Shipman Foundation award?

In 2023, Herbert C Shipman Foundation awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Herbert C Shipman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Herbert C Shipman Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.