Whitecap Foundation
Whitecap Foundation is a private foundation, based in Pasadena, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $190K. Net investment income was $84K.
Whitecap Foundation at a glance
In short: Whitecap Foundation gave $190K across 3 grants in 2024 (avg $63K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $190,000
- +21.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $63,333
- +21.0% vs 2023
- Median grant
- $60,000
- Total assets
- $2,508,459
- -9.7% vs 2023
- Primary geography
- California (68% 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 Whitecap Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was La Opera ($100K). Together the top 3 received $190K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 4 grants of 8 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Whitecap Foundation gives
- In 2024 it paid out 102% of 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 2022 to 2024, annual grant giving ranged from $120K (2022) to $190K (2024). In 2024 it made 3 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| La Opera Los Angeles, CA | General Purpose | $100,000 |
| University of Texas Austin, TX | General Purpose | $60,000 |
| Las Familias Del Pueblo Los Angeles, CA | General Purpose | $30,000 |
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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 | $2,508,459 | $-129,966 | $158,513 | $190,000 | 3 | $148,000 | $83,786 | $145,110 |
| 2023 | $2,778,937 | $92,249 | $167,656 | $157,000 | 3 | $161,451 | $86,044 | $147,478 |
| 2022 | $2,807,344 | $45,087 | $126,887 | $120,000 | 2 | $121,195 | $39,395 | $156,202 |
| 2021 | $2,769,144 | $30,947 | $10,213 | — | — | — | $25,566 | $158,825 |
| 2020 | $2,744,670 | $37,735 | $9,284 | — | — | — | $33,172 | $152,246 |
Under IRS private-foundation payout rules, Whitecap Foundation reported a distributable amount of $145K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Whitecap Foundation is led by Elizabeth Duker, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Duker
President
On filings since 2020
10 hrs/week
No compensation reported
Brack Duker
C.f.o. & Secretary
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Whitecap Foundation
How much does Whitecap Foundation give each year?
Whitecap Foundation gave $190K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $157K across 3 grants.
What is Whitecap Foundation's typical grant size?
Whitecap Foundation's median grant in 2024 was $60,000, and its average grant was $63,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Whitecap Foundation give grants?
Whitecap Foundation gives mostly in California: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (32%). The most frequent recipient cities were Los Angeles, CA (2 grants).
Does Whitecap Foundation give general operating support?
Yes: 100% of Whitecap Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Whitecap Foundation?
Whitecap Foundation reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $148K in qualifying distributions that year, against a required minimum of $145K (roughly 5% of its investment assets).
What is Whitecap Foundation's EIN?
Whitecap Foundation's EIN (Employer Identification Number) is 95-4111120. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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