Terasaki Nibei Foundation
Terasaki Nibei Foundation is a private foundation focused on Arts, Culture & Humanities, based in Arcadia, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 4 grants totaling $133K. Net investment income was $290K.
Terasaki Nibei Foundation at a glance
In short: Terasaki Nibei Foundation gave $133K across 4 grants in 2024 (avg $33K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $132,500
- -88.1% vs 2023
- Grants made (2024)
- 4
- -55.6% vs 2023
- Average grant
- $33,125
- -73.3% vs 2023
- Median grant
- $36,250
- Total assets
- $4,275,242
- +3.4% vs 2023
- Primary geography
- California (62% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Terasaki Nibei Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was US Japan Council ($50K). Together the top 4 received $133K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 16 grants of 31 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Terasaki Nibei Foundation gives
- Giving fell 57% from 2021 to 2024. Method
- In 2024 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $133K (2024) to $1.1M (2023). In 2024 it made 4 grants totaling $133K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Japan Council Washington, DC | General Support | $50,000 |
| UCLA Foundation Los Angeles, CA | Support of aapi project with the asian American studies center | $50,000 |
| Japanese American National Museum Los Angeles, CA | Sponsorship of Annual Gala | $22,500 |
| Kizuna Little Tokyo Inc Los Angeles, CA | General Support | $10,000 |
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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 | $4,275,242 | $310,705 | $168,508 | $132,500 | 4 | $138,027 | $289,638 | $239,873 |
| 2023 | $4,133,045 | $134,522 | $1,161,461 | $1,115,000 | 9 | $1,115,000 | $113,831 | $222,063 |
| 2022 | $5,159,984 | $-196,615 | $358,747 | $290,000 | 6 | $307,595 | $64,915 | $282,177 |
| 2021 | $5,715,346 | $405,012 | $473,167 | $305,000 | 6 | $407,297 | $340,380 | — |
| 2020 | $5,783,501 | $2,991,460 | $412,990 | $286,462 | 6 | — | $2,929,307 | — |
Under IRS private-foundation payout rules, Terasaki Nibei Foundation reported a distributable amount of $240K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Terasaki Nibei Foundation is led by Keith K. Terasaki, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Keith K. Terasaki
President
On filings since 2020
1 hr/week
No compensation reported
Paul K. Terasaki
President
Secretary → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Naoko Terasaki
Director
On filings since 2021
No compensation reported
Stewart Han
CFO
On filings since 2020
2 hrs/week
No compensation reported
Cecilia Terasaki
Secretary
Director → Secretary, 2024
On filings since 2021
No compensation reported
Former officers (2)
- Former: Hisako Terasaki (2020) — Director
- Former: Taiji Terasaki (2020) — 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.
Frequently asked questions about Terasaki Nibei Foundation
How much does Terasaki Nibei Foundation give each year?
Terasaki Nibei Foundation gave $133K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 9 grants.
What is Terasaki Nibei Foundation's typical grant size?
Terasaki Nibei Foundation's median grant in 2024 was $36,250, and its average grant was $33,125, across 4 grants on its 2024 IRS Form 990-PF.
Where does Terasaki Nibei Foundation give grants?
Terasaki Nibei Foundation gives mostly in California: 62% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (38%). The most frequent recipient cities were Los Angeles, CA (3 grants).
Does Terasaki Nibei Foundation give general operating support?
Yes: 50% of Terasaki Nibei Foundation's 2024 grants with a stated purpose (2 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Terasaki Nibei Foundation?
Terasaki Nibei Foundation reported $4.3M in total assets on its 2024 IRS Form 990-PF. It paid out $138K in qualifying distributions that year, against a required minimum of $240K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Terasaki Nibei Foundation?
Terasaki Nibei Foundation is a private foundation focused on Arts, Culture & Humanities, based in Arcadia, CA. It holds $4.3M in total assets as of 2024.
What is Terasaki Nibei Foundation's EIN?
Terasaki Nibei Foundation's EIN (Employer Identification Number) is 95-4692410. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 Terasaki Nibei Foundation funds
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