The Kenneth and Diane Matsuura Foundation is a family foundation based in Honolulu, Hawaii. The foundation was established by Kenneth and Diane Matsuura in response to the critical shortage of nursing professionals, particularly highlighted during the COVID-19 pandemic. Rather than maintaining their wealth in traditional investments, the Matsuuras created the foundation to directly support the development of future healthcare workers.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-3.4% YoY
Annual Giving
$198K
-1.3% YoY
Grant Count
52
+15.6% YoY
Avg Grant Size
$4K
-14.6% YoY
Mission & Focus Areas
The foundation's primary focus is supporting nursing education and healthcare workforce development. Diane Matsuura, a retired music teacher, emphasized the foundation's commitment to recognizing the essential role nurses play in patient care both within and outside hospital settings. The foundation's funding priorities include:
- Education (particularly nursing and healthcare programs)
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation has demonstrated commitment to supporting nursing students through scholarship programs. Notable recipients include students in accelerated nursing programs, such as those in Chaminade University of Honolulu's Bachelor of Science in Nursing program, which allows students to complete their degrees in 20 months through an intensive academic schedule.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations and individuals in Hawaii, Kansas, and the District of Columbia, with a primary emphasis on Hawaii.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $2,230,555 |
| Total Annual Giving | $198,325 |
| EIN | 26-4584711 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,230,555 | $2,309,457 | $2,398,837 |
| Revenue | $195,739 | $186,886 | $-38,127 |
| Expenses | $274,691 | $268,966 | $263,129 |
| Qualifying Distributions | $198,908 | $201,489 | $196,291 |
| Net Investment Income | $121,614 | $119,275 | $5,843 |
| Distributable Amount | $163,723 | $170,401 | $174,659 |
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
245 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
- Kenneth Matsuura - Founder
- Diane Matsuura - Founder (retired music teacher)
- Keven Matsuura - Son (involved in foundation activities)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH MATSUURA | PRESIDENT | 1 | — |
| DIANE MATSUURA | VICE PRESIDENT | 1 | — |
| LEIGH ANNE COLBERT | SECRETARY | 1 | — |
| KEVEN MATSUURA | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has actively supported nursing education initiatives, particularly through partnerships with educational institutions like Chaminade University of Honolulu. Scholarship recipients have expressed profound gratitude for the foundation's support, noting the significant financial impact on their ability to pursue nursing degrees during a period of critical workforce shortage in Hawaii, where the state faces approximately 1,000 vacant nursing positions.
Alumni - Chaminade University of HonoluluContact Information
Address: 803 Ainapo St, Honolulu, HI 96825-1048
Telephone: 808-428-1242
Subject Areas
Focus areas based on grantmaking activity
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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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