Kaena Foundation
Kaena Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $95.4M in total assets. In 2024, it awarded 1 grant totaling $14.2M. Net investment income was $11.7M.
Kaena Foundation at a glance
In short: Kaena Foundation gave $14.2M across 1 grant in 2024 (avg $14.2M), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,155,000
- +92.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $14,155,000
- +92.5% vs 2023
- Median grant
- $14,155,000
- Total assets
- $95,432,791
- -5.1% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Kaena Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Fidelity Charitable Gift Fund ($14.2M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Kaena Foundation gives
- Giving grew 148% from 2021 to 2024. Method
- In 2024 it paid out 271% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $5.5M (2020) to $14.2M (2024). In 2024 it made 1 grant totaling $14.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | General Operations | $14,155,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $95,432,791 | $10,276,932 | $15,418,841 | $14,155,000 | 1 | $14,912,083 | $11,671,872 | $5,500,763 |
| 2023 | $100,574,700 | $4,219,572 | $8,447,540 | $7,355,000 | 1 | $7,947,507 | $2,323,779 | $5,872,166 |
| 2022 | $104,802,668 | $3,516,796 | $15,279,333 | $13,750,000 | 1 | $14,403,509 | $3,913,643 | $5,956,441 |
| 2021 | $116,565,205 | $8,317,719 | $7,037,301 | $5,700,000 | 1 | $6,228,248 | $13,365,803 | $6,764,013 |
| 2020 | $115,284,787 | $2,288,902 | $6,562,083 | $5,500,000 | 1 | — | $2,065,453 | $6,116,910 |
Under IRS private-foundation payout rules, Kaena Foundation reported a distributable amount of $5.5M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kaena Foundation is led by Sonny Miller, President, Treasurer, Secretary & Director since 2023 (on filings since 2020); all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Sonny Miller
President, Treasurer, Secretary & Director
Vice President & Secretary → President, Treasurer & Secretary, 2021
President, Treasurer & Secretary → President, Treasurer, Secretary & Director, 2023
On filings since 2020
1 hr/week
$10K (2020) → $20K (2024)
Jeffrey Weston
Vice President & Director
Vice President → Vice President & Director, 2023
On filings since 2021
1 hr/week
$17K (2021) → $20K (2024)
Michelle Galdos
Vice President & Director
On filings since 2023
1 hr/week
$20K (2023) → $20K (2024)
Former officers (2)
- Former: Michelle Galdos Co Dorsey Whitney (2021–2022) — Vice President
- Former: John Otterlei (2020–2021) — President & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $20K, to Jeffrey Weston (Vice President/Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Kaena Foundation
How much does Kaena Foundation give each year?
Kaena Foundation gave $14.2M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.4M across 1 grant.
How large is Kaena Foundation?
Kaena Foundation reported $95.4M in total assets on its 2024 IRS Form 990-PF. It paid out $14.9M in qualifying distributions that year, against a required minimum of $5.5M (roughly 5% of its investment assets).
Where does Kaena Foundation operate?
Kaena Foundation has awarded grants in Ohio.
What is Kaena Foundation's EIN?
Kaena Foundation's EIN (Employer Identification Number) is 46-2692867. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
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