Ululani Foundation
Ululani Foundation is a private foundation, based in Kailua Kona, HI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 7 grants totaling $125K. Net investment income was $440K.
Ululani Foundation at a glance
In short: Ululani Foundation gave $125K across 7 grants in 2024 (avg $18K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $124,930
- Grants made (2024)
- 7
- Average grant
- $17,847
- Median grant
- $15,000
- Total assets
- $3,556,510
- Primary geography
- California (58% 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 Ululani Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Opera Parallele ($45K). Together the top 7 received $125K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 26 grants of 28 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Ululani Foundation gives
- Giving fell 36% from 2021 to 2024. Method
- In 2024 it paid out 79% 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 2021 to 2024, annual grant giving ranged from $125K (2024) to $195K (2021). In 2024 it made 7 grants totaling $125K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Opera Parallele San Francisco, CA | Funding for Support of Fine Arts | $45,000 |
| The SF Playhouse San Francisco, CA | Funding for Support of Fine Arts | $22,930 |
| Music of Remembrance Seattle, WA | Funding for Support of Fine Arts | $15,000 |
| The Food Basket Hawaii Islands Food Bank Kailuakona, HI | Funding for Hunger Relief Programs | $15,000 |
| Hawaii Island Human Society Holualoa, HI | Funding for Progams and Activities | $12,000 |
| Carlisle Floyd Centennial Greenville, SC | Funding for Support of Fine Arts | $10,000 |
| American Conservatory Theater San Francisco, CA | Funding for Support of Fine Arts | $5,000 |
Ready to take the next step with Ululani Foundation?
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 | $3,556,510 | $456,097 | $179,444 | $124,930 | 7 | $139,452 | $439,624 | $176,022 |
| 2022 | $3,535,774 | $9,215 | $218,996 | $163,716 | 9 | $178,527 | $156,025 | $173,500 |
| 2021 | $3,750,873 | $53,094 | $244,484 | $195,000 | 12 | $206,510 | $45,733 | $193,095 |
Under IRS private-foundation payout rules, Ululani Foundation reported a distributable amount of $176K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ululani Foundation is led by Stephen E. Heiman, President, Secretary & Director on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stephen E. Heiman
President, Secretary & Director
On filings since 2021
15 hrs/week
No compensation reported
Diane S. Heiman
Vice President, Treasurer & Director
On filings since 2021
15 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Ululani Foundation
How much does Ululani Foundation give each year?
Ululani Foundation gave $125K across 7 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Ululani Foundation's typical grant size?
Ululani Foundation's median grant in 2024 was $15,000, and its average grant was $17,847, across 7 grants on its 2024 IRS Form 990-PF.
Where does Ululani Foundation give grants?
Ululani Foundation gives mostly in California: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Hawaii (22%) and Washington (12%). The most frequent recipient cities were San Francisco, CA (3 grants).
Does Ululani Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Ululani Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Funding for Support of Fine Arts" (5 grants).
Who are Ululani Foundation's largest grantees?
Ululani Foundation's largest 2024 grantees include Opera Parallele ($45,000), The SF Playhouse ($22,930) and Music of Remembrance ($15,000), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is Ululani Foundation?
Ululani Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $139K in qualifying distributions that year, against a required minimum of $176K (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 Ululani Foundation's EIN?
Ululani Foundation's EIN (Employer Identification Number) is 20-3283739. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
Explore Open Grants
Browse active grant opportunities in Ululani Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Sykes Family Foundation
Plainview, NY
The Sykes Family Foundation supports a varied mix of organizations, including higher education, nonprofit initiatives, sports and cultural groups, schools, and historical preservation. Its 2025 grants ranged from $250 to $1,525,000, with a median of $3,750; most funding went to California, with some to Connecticut. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$17.4M
Grants
16
Total Given
$2.0M
Carol Franc Buck Foundation
Incline Village, NV
The Carol Franc Buck Foundation supports arts organizations, including opera, ballet, music, theater, and visual arts, with recent grants concentrated in Nevada, California, and Texas and also reaching other states. Its 2025 grants ranged from $10,000 to $200,000, with a median of $50,000; it gives only to preselected charities and does not accept unsolicited requests.
Assets
$16.9M
Grants
21
Total Given
$1.4M
The Dods Foundation
Honolulu, HI
The Dods Foundation supports higher education, schools, community services, health, public radio, and the arts, primarily in Hawaii, with some giving in Missouri. Its 2024 grants ranged from $1,000 to $1,096,424, with a median of $5,000. It accepts no unsolicited requests and gives only to preselected charitable organizations.
Assets
$5.5M
Grants
22
Total Given
$1.6M
Peter G Drewliner Foundation
Honolulu, HI
Assets
$904K
Grants
22
Total Given
$43K
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
More similar funders
More Funders in Hawaii
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Ululani Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Ululani Foundation down — hundreds of funders to go?