The Cades Foundation
The Cades Foundation is a private grantmaking foundation established in 1982 and located in Honolulu, Hawaii. It operates as an independent foundation with no employees, managed by a volunteer board of directors. The foundation maintains assets exceeding $13 million and distributes grants to support educational, cultural, and community-based initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.1M
+3.8% YoY
Annual Giving
$711K
+3.7% YoY
Grant Count
61
+7.0% YoY
Avg Grant Size
$12K
-3.1% YoY
Mission & Focus Areas
The foundation gives primarily to educational and cultural institutions. Its funding interests include:
- Arts and culture
- Education
- Human services
- Legal services
- Health programs
- Environmental initiatives
- Social services
- Philanthropy and voluntarism
Grantmaking
The foundation primarily awards unrestricted gifts and scholarship funds, including the Sandi Portnoy Scholarship Fund.
Grant Range
$1,000 to $142,000
Average Grant
approximately $13,000
Grant Types
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives primarily in Hawaii, with funding distributed to organizations in Honolulu, Hilo, and Kailua. The foundation also extends support to Chicago, Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $13,611,843
- Total Revenue: $720,657
- Total Expenses: $813,217
- Investment Income and Dividends: $340,389
- Net Gain from Sale of Non-Inventory Assets: $363,660
Historical Comparison (2022):
- Total Assets: $14,000,000 (approximate)
- Total Giving: $618,000
- Number of Grants: 57
The foundation's expense ratio exceeds 100%, indicating it distributes more than its annual revenue through a combination of investment returns and asset drawdown.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,134,354 | $13,611,843 | $13,704,403 |
| Revenue | $1,368,904 | $720,657 | $632,444 |
| Expenses | $846,393 | $813,217 | $911,016 |
| Qualifying Distributions | $755,192 | $728,903 | $800,778 |
| Net Investment Income | $1,279,861 | $632,118 | $544,046 |
| Distributable Amount | $793,220 | $728,472 | $755,789 |
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
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- E. Gunner Schull - Director/President
- Michele S. Loudermilk - Director/Vice President/Secretary
- Rhonda Griswold - Director/Vice President/Treasurer
- Larry Takumi - Director/President
All directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| E Gunner Schull | Director/President | 6 | — |
| Michele S Loudermilk | Director/VP/Secretary | — | — |
| Rhonda Griswold | Director/VP/Treasurer | — | — |
| Larry Takumi | Director/VP | — | — |
| Vito Galati | Director | — | — |
| Trever K Asam | Director | — | — |
Recent News & Activity
Recent developments and announcements
Hawaii Public Radio received recognition through the Cades Schutte - The Cades Foundation Nonprofit Leadership Award, administered by Pacific Business News, in 2015. The foundation has maintained consistent grantmaking activity, with 57 grants awarded annually in recent years.
Cade\u2019s Corps receives grant from Franklin Noon Rotary Charitable Foundation\Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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