Wai & Olive Foundation
Wai & Olive Foundation is a private foundation focused on religion, based in Overland Park, KS. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $113K in total assets. In 2025, it awarded 8 grants totaling $7K. Net investment income was $4K.
Wai & Olive Foundation at a glance
In short: Wai & Olive Foundation gave $7K across 8 grants in 2025 (avg $900), top state Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,200
- +44.0% vs 2024
- Grants made (2025)
- 8
- +100.0% vs 2024
- Average grant
- $900
- -28.0% vs 2024
- Median grant
- $1,000
- Total assets
- $113,294
- +16.6% vs 2024
- Primary geography
- Missouri (42% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Wai & Olive Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Sunflower Music Festival ($1K). Together the top 8 received $7K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Wai & Olive Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $5K (2024) to $7K (2025). In 2025 it made 8 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sunflower Music Festival Topeka, KS | Music camp of Washburn University | $1,000 |
| The Morse Village Covenant Church Overland Park, KS | Church ministry | $1,000 |
| Mid-America Performing Art Alliance Kansas City, MO | Music Education | $1,000 |
| Kent Blossom Music Festival Kent, OH | Music Festival organized by Kent State University | $1,000 |
| Friends of Chamber Music KC Kansas City, MO | Music Education | $1,000 |
| Hope Faith Kansas City, MO | Homeless Assistance | $1,000 |
| UMD Trev College Park, MD | Terps Racing Electric Vehicle Competition | $1,000 |
| Alex Lemonade Stand Foundation Wynnewood, PA | Child Cancer support | $200 |
Ready to take the next step with Wai & Olive 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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $113,294 | $23,872 | $7,200 | $7,200 | 8 | $7,200 | $3,872 | $125 |
| 2024 | $97,171 | $52,171 | $5,000 | $5,000 | 4 | $10,000 | $2,171 | — |
Under IRS private-foundation payout rules, Wai & Olive Foundation reported a distributable amount of $125 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wai & Olive Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Olive Lee
Co-Founder
Member → Co-Founder, 2025
On filings since 2024
1 hr/week
No compensation reported
Wai Lee
Co-Founder
Member → Co-Founder, 2025
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 Wai & Olive Foundation
How much does Wai & Olive Foundation give each year?
Wai & Olive Foundation gave $7K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 4 grants.
What is Wai & Olive Foundation's typical grant size?
Wai & Olive Foundation's median grant in 2025 was $1,000, and its average grant was $900, across 8 grants on its 2025 IRS Form 990-PF.
Where does Wai & Olive Foundation give grants?
Wai & Olive Foundation's top state is Missouri, with 42% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Kansas (28%) and Ohio (14%). The most frequent recipient cities were Kansas City, MO (3 grants).
Does Wai & Olive Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Wai & Olive Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Wai & Olive Foundation's largest grantees?
Wai & Olive Foundation's largest 2025 grantees include Sunflower Music Festival ($1,000), The Morse Village Covenant Church ($1,000) and Mid-America Performing Art Alliance ($1,000), according to its 2025 IRS Form 990-PF. Together they received 42% of its itemized 2025 grant dollars.
How large is Wai & Olive Foundation?
Wai & Olive Foundation reported $113K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $125 (roughly 5% of its investment assets).
What is Wai & Olive Foundation?
Wai & Olive Foundation is a private foundation focused on religion, based in Overland Park, KS. It holds $113K in total assets as of 2025.
What is Wai & Olive Foundation's EIN?
Wai & Olive Foundation's EIN (Employer Identification Number) is 93-4226684. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 20, 2026)
- IRS filings on file for fiscal years 2024–2025
Explore Open Grants
Browse active grant opportunities in Wai & Olive Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Dehaemers Family Charitable Trust
Overland Park, KS
The Dehaemers Family Charitable Trust funds scholarships and education, charitable services, health care access, homelessness intervention, and foreign missions, with most 2025 grant dollars going to Kansas and Missouri. Its 2025 grants ranged from $1,000 to $485,000, with a median of $35,000. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$125.1M
Grants
119
Total Given
$8.2M
Oppenstein Brothers Foundation
Kansas City, MO
The Oppenstein Brothers Foundation supports religious, charitable, scientific, and educational work, with recent grants covering food access, health care, youth services, housing, and mental health. Its 2026 grants ranged from $3,000 to $100,000, with a median of $15,000, and went to organizations in Missouri and Kansas, mainly around Kansas City. The profile says to contact the program officer; it does not state whether unsolicited requests are accepted.
Assets
$35.1M
Grants
125
Total Given
$1.9M
The Sunderland Foundation
Overland Park, KS
The Sunderland Foundation supports organizations serving Greater Kansas City, focusing on affordable housing, economic stability, health and behavioral health, youth development, and select legacy institutions. Its 2024 grants ranged from $2,750 to $25 million, with a median of $375,000; it is invitation-only and is not currently accepting applications or proposals.
Assets
$927.0M
Grants
25
Total Given
$102.1M
Commerce Bancshares Foundation
Kansas City, MO
The foundation supports a broad range of charitable organizations and community projects, with 2024 grants typically small (median $1,500) but ranging from $200 to $60,500. Most funding went to Missouri, followed by Kansas and Illinois, with smaller amounts elsewhere; it says applicants should contact the program director and provide proof of 501(c)(3) status, and does not restrict giving to preselected organizations.
Assets
$35.0M
Grants
645
Total Given
$2.0M
The Francis Family Foundation
Kansas City, MO
The Francis Family Foundation funds pulmonary, critical care, and sleep-medicine research fellowships at institutions in the U.S. and Canada, as well as arts and culture organizations in the greater Kansas City area. Its 2024 grants ranged from $1,000 to $300,000, with a median of $7,750; fellowships can provide up to $225,000 over three years.
Assets
$93.1M
Grants
174
Total Given
$4.8M
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
More similar funders
More Funders in Kansas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Wai & Olive 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.
Wai & Olive Foundation down — hundreds of funders to go?