Palama Scholarship Foundation Inc is a nonprofit organization focused on Education, based in Honolulu, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $116K in total assets. In 2024, it awarded 12 grants totaling $51K.
Key facts about Palama Scholarship Foundation Inc
- EIN
- 99-0344016
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $51,000
- Grants made (2024)
- 12
- Average grant
- $4,250
- Median grant
- $5,000
- Total assets
- $116,416
- Primary geography
- Hawaii (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Palama Scholarship Foundation Inc funds
By grant dollars, the top recipient states for Palama Scholarship Foundation Inc's 12 itemized 2024 grants were Hawaii (100%). The most frequent recipient cities were Honolulu, HI (12 grants). None of its 12 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (12 grants).
How Palama Scholarship Foundation Inc gives
- Giving fell 27% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Palama Scholarship Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$116K
-11.4% YoY
Annual Giving
$51K
-4.4% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$4K
+11.5% YoY
About Palama Scholarship Foundation Inc
Based on IRS filings
Palama Scholarship Foundation Inc is a nonprofit organization focused on Education, based in Honolulu, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $116K in total assets. In 2024, it awarded 12 grants totaling $51K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $116,416 | $131,419 | $148,973 |
| Revenue | $36,000 | $36,000 | $36,000 |
| Expenses | $51,003 | $53,554 | $49,972 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Dana Kang ($5,000), Brain Park ($5,000), Engene Lee ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DANA KANG Honolulu, HI | SCHOLARSHIP | $5,000 |
| BRAIN PARK Honolulu, HI | SCHOLARSHIP | $5,000 |
| ENGENE LEE Honolulu, HI | SCHOLARSHIP | $5,000 |
| SOPHIA HURD Honolulu, HI | SCHOLARSHIP | $5,000 |
| ETHAN RA Honolulu, HI | SCHOLARSHIP | $5,000 |
| SEAN MYUNG Honolulu, HI | SCHOLARSHIP | $5,000 |
| ERIN SONG Honolulu, HI | SCHOLARSHIP | $5,000 |
| SNGHYUK LEE Honolulu, HI | SCHOLARSHIP | $5,000 |
| TYLER LEE Honolulu, HI | SCHOLARSHIP | $5,000 |
| TAEGEON LEE Honolulu, HI | SCHOLARSHIP | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hyo Kyu Lim | President | 4 | — |
| Hae Joo Lim | Vice President | 4 | — |
| Thomas Kim | Treasurer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Palama Scholarship Foundation Inc?
Palama Scholarship Foundation Inc is a nonprofit organization focused on Education, based in Honolulu, HI. It holds $116K in total assets as of 2024.
How large is Palama Scholarship Foundation Inc?
As of 2024, Palama Scholarship Foundation Inc holds $116K in total assets with $36K in annual revenue. It awarded 12 grants totaling $51K in 2024.
Where does Palama Scholarship Foundation Inc operate?
Palama Scholarship Foundation Inc has awarded grants in Hawaii.
What size grants does Palama Scholarship Foundation Inc award?
In 2024, Palama Scholarship Foundation Inc awarded 12 grants totaling $51K — an average of about $4K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.