Hugh and Patricia Okane Foundation

HOBE SOUND, FL EIN: 27-4313631

The Hugh and Patricia Okane Foundation is a private foundation based in Hobe Sound, Florida. Established in 2011, it operates as a 501(c)(3) organization with no employees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.5M

-3.6% YoY

Annual Giving

$334K

-1.4% YoY

Grant Count

+18.2% YoY

Avg Grant Size

$5K

-16.6% YoY

Under IRS private-foundation payout rules, Hugh and Patricia Okane Foundation reported a distributable amount of $430K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's grant-making focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

Additional grants totaling $251,113 were distributed to 42 other organizations in 2024.

Average Grant

amount varies by year

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

New York
Florida
Massachusetts

Grant Distribution by State

New York $480K (33%)

Florida $348K (24%)

Massachusetts $279K (19%)

Virginia $141K (10%)

Connecticut $43K (3%)

New Jersey $41K (3%)

Indiana $27K (2%)

Rhode Island $27K (2%)

+9 more states

States

Arizona California Connecticut District of Columbia Florida Hawaii Indiana Massachusetts Maryland Montana New Jersey New York Pennsylvania Rhode Island Tennessee Texas Virginia

Cities

AlexandriaArlingtonBostonBrooklineBrooklynChestnut HillCliftonDunn LoringEl SegundoFairfieldGarden CityGlen CoveGlen HeadHelenaHempsteadHobe SoundHollywoodHonoluluHuntsvilleJupiter

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $4,528,186
Total giving: $333,553
Total revenues: $175,960
Total expenses: $344,424

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,528,186	$4,696,650	$4,604,813
Revenue	$175,960	$439,789	$234,143
Expenses	$344,424	$347,951	$292,845
Qualifying Distributions	$335,053	$339,813	$282,664
Net Investment Income	$165,477	$436,289	$230,643
Distributable Amount	$430,145	$350,896	$337,265

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 2024

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boston College ($50,000), Banner Lake Club ($30,000), Hobe Sound Community Chest ($25,000).

Recipient	Purpose	Amount
GLEN COVE BOYS GIRLS CLUB GLEN COVE, NY	TO PROVIDE A CARING ENVIRONMENT TO INSPIRE AND ENABLE ALL YOUNG PEOPLE TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE AND RESPONSIBLE CITIZENS.	$22,000
BANNER LAKE CLUB HOBE SOUND, FL	LAKE COMMUNITY REQUIRING INCOME ASSISTANCE.	$30,000
BOSTON COLLEGE CHESTNUT HILL, MA	SCHOLARSHIP FUND.	$50,000
BOYS AND GIRLS CLUB OF MARTIN COUNT HOBE SOUND, FL	YOUTH DEVELOPMENT	$2,500
BOYS AND GIRLS CLUB OF CLIFTON CLIFTON, NJ	DEVELOPMENT OF YOUTH	$3,640
BROOKS SCHOOL NORTH ANDOVER, MA	TO PROVIDE THE MOST MEANINGFUL EDUCATIONAL EXPERIENCE OUR STUDENTS WILL HAVE IN THEIR LIVES.	$3,093
CHURCH OF STDOMINIC OYSTER BAY, NY	TO SUPPORT THE PARISH AND SCHOOLS.	$10,000
COLD SPRING HARBOR LABS LAUREL HOLLOW, NY	MEDICAL RESEARCH	$2,555
COVENANT HOUSE NEW JERSEY NEWARK, NJ	PROVIDES COMPREHENSIVE RESIDENTIAL CARE AND RELATED SERVICES TO HELP ABUSED & HOMELESS YOUTHS TO BUILD A BETTER LIFE FOR THEMSELVES.	$2,144
DIABETES RESEARCH INSTITUTE HOLLYWOOD, FL	RESERACH	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Trustees include:

Hugh O'Kane Jr.
Patricia O'Kane
Hugh R. O'Kane

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HUGH O'KANE JR	President	—	—
PATRICIA O'KANE	Vice President	—	—
HUGH R O'KANE	Treasurer	—	—
KATHLEEN O'KANE TOBIN	Director	—	—
ALICE O'KANE MILLER	Director	—	—
JOHN O'KANE	Director	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Hugh and Patricia Okane Foundation fund?

The foundation's grant-making focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from Hugh and Patricia Okane Foundation?

**Grant Characteristics:** • Typical award range: $200–$50,000 • Average grant amount varies by year • The foundation made 66 grants in 2024 **Recent Grants (2024):** • Boston College: $50,000 (Scholarship Fund) • The Banner Lake Club: $30,000 (Lake Community Requiring Income Assistance) • Piping Rock Scholarship Fund: $25,000 (Scholarship program for club employees and their families) Additional grants totaling $251,113 were distributed to 42 other organizations in 2024.

Where does Hugh and Patricia Okane Foundation make grants?

The foundation primarily funds organizations in: • New York • Florida • Massachusetts

What size grants does Hugh and Patricia Okane Foundation award?

In 2024, Hugh and Patricia Okane Foundation awarded 65 grants totaling $334K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Hugh and Patricia Okane Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hugh and Patricia Okane Foundation reported a distributable amount of $430K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Hugh and Patricia Okane Foundation's EIN?

Hugh and Patricia Okane Foundation's EIN (Employer Identification Number) is 27-4313631. IRS Form 990 filing data is available on this page for 2019–2024.