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
Under IRS private-foundation payout rules, The Kenneth and Diane Matsuura reported a distributable amount of $164K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Holt International Children's Services ($40,250), Kokua Kalihi Valley ($35,960), Chaminade University ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFARI AUSTIN, TX | PHILANTHROPIC PURPOSES | $500 |
| ALOHA UNITED WAY HONOLULU, HI | PHILANTHROPIC PURPOSES | $1,000 |
| AMERICAN HEART ASSOCIATION PHOENIX, AZ | PHILANTHROPIC PURPOSES | $100 |
| AMERICAN LUNG ASSOCIATION HONOLULU, HI | PHILANTHROPIC PURPOSES | $100 |
| BISHOP MUSEUM HONOLULU, HI | PHILANTHROPIC PURPOSES | $500 |
| BOYS AND GIRLS CLUB HONOLULU, HI | PHILANTHROPIC PURPOSES | $500 |
| CENTER FOR ACTION AND CONTEMPLATION (CAC) ALBUQUERQUE, NM | PHILANTHROPIC PURPOSES | $500 |
| CHAMINADE UNIVERSITY HONOLULU, HI | PHILANTHROPIC PURPOSES | $35,000 |
| DIAMOND HEAD THEATER HONOLULU, HI | PHILANTHROPIC PURPOSES | $3,000 |
| EASTERS SEALS OF S CALIFORNIA IRVINE, CA | PHILANTHROPIC PURPOSES | $3,000 |
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
Frequently Asked Questions
What does The Kenneth and Diane Matsuura fund?
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
How do I apply for a grant from The Kenneth and Diane Matsuura?
**Grant Amounts:** Typical awards range from $50 to $43,500. **Total Annual Giving:** $198,325 (based on most recent IRS 990 filing for 2024) **Assets:** $2,230,555 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 …
Where does The Kenneth and Diane Matsuura make grants?
The foundation supports organizations and individuals in Hawaii, Kansas, and the District of Columbia, with a primary emphasis on Hawaii.
What size grants does The Kenneth and Diane Matsuura award?
In 2024, The Kenneth and Diane Matsuura awarded 52 grants totaling $198K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Kenneth and Diane Matsuura required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kenneth and Diane Matsuura reported a distributable amount of $164K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kenneth and Diane Matsuura's EIN?
The Kenneth and Diane Matsuura's EIN (Employer Identification Number) is 26-4584711. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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