Palama Scholarship Foundation Inc
Palama Scholarship Foundation Inc is a private foundation based in Honolulu, Hawaii. Its 2024 filing reports scholarship grants to individual recipients in Honolulu.
Palama Scholarship Foundation Inc at a glance
In short: Palama Scholarship Foundation Inc gave $51K across 12 grants in 2024 (avg $4K), mostly in Hawaii. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $51,000
- -4.4% vs 2023
- Grants made (2024)
- 12
- -14.3% vs 2023
- Average grant
- $4,250
- +11.5% vs 2023
- Median grant
- $5,000
- Total assets
- $116,416
- -11.4% vs 2023
- Primary geography
- Hawaii (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated October 2026.
How to apply to Palama Scholarship Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 725 Kapiolani Blvd, Honolulu, HI 96813
Phone: (808) 941-9205
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Palama Scholarship Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 28 grants of 30 (93%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Hawaii. The listed 2024 recipients were in Honolulu.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
States
Cities
How Palama Scholarship Foundation Inc gives
- Giving fell 27% from 2021 to 2024. Method
From the foundation's IRS Form 990 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 $50K (2022) to $77K (2020). In 2024 it made 12 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 12 individual scholarships Recipients not named | — | $51,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $116,416 | $36,000 | $51,003 | $51,000 | 12 |
| 2023 | $131,419 | $36,000 | $53,554 | $53,354 | 14 |
| 2022 | $148,973 | $36,000 | $49,972 | $49,646 | 1 |
| 2021 | $162,945 | $36,000 | $69,717 | $69,562 | 2 |
| 2020 | $196,662 | $36,000 | $77,659 | $77,438 | 1 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2024, the foundation reported 12 grants totaling $51,000. Grants ranged from $500 to $5,000, with a median of $5,000. The listed grants were for scholarships. Recipients receiving $5,000 each included 11 individual recipients each received $500.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Hyo Kyu Lim as president, Hae Joo Lim as vice president, and Thomas Kim as treasurer.
Palama Scholarship Foundation Inc is led by Hyo Kyu Lim, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hyo Kyu Lim
President
On filings since 2020
4 hrs/week
No compensation reported
Hae Joo Lim
Vice President
On filings since 2020
4 hrs/week
No compensation reported
Thomas Kim
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
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.
Frequently asked questions about Palama Scholarship Foundation Inc
How much does Palama Scholarship Foundation Inc give each year?
Palama Scholarship Foundation Inc gave $51K across 12 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $53K across 14 grants.
What is Palama Scholarship Foundation Inc's typical grant size?
Palama Scholarship Foundation Inc's median grant in 2024 was $5,000, and its average grant was $4,250, across 12 grants on its 2024 IRS Form 990 filing.
Where does Palama Scholarship Foundation Inc give grants?
Palama Scholarship Foundation Inc gives mostly in Hawaii: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there.
Does Palama Scholarship Foundation Inc give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Palama Scholarship Foundation Inc's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Scholarship" (12 grants).
How large is Palama Scholarship Foundation Inc?
Palama Scholarship Foundation Inc reported $116K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $36K.
How do I apply for a grant from Palama Scholarship Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Palama Scholarship Foundation Inc's EIN?
Palama Scholarship Foundation Inc's EIN (Employer Identification Number) is 99-0344016. IRS Form 990 filing data is available on this page for 2020–2024.
Does Palama Scholarship Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Palama Scholarship Foundation Inc funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Palama Scholarship Foundation Inc's focus areas in our free grants database
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Palama Scholarship Foundation Inc down — hundreds of funders to go?