Windhorse Foundation
Windhorse Foundation is a private foundation, based in Paia, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 5 grants totaling $40K. Net investment income was $352K.
Windhorse Foundation at a glance
In short: Windhorse Foundation gave $40K across 5 grants in 2024 (avg $8K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- -68.9% vs 2023
- Grants made (2024)
- 5
- -58.3% vs 2023
- Average grant
- $8,000
- -25.4% vs 2023
- Median grant
- $5,000
- Total assets
- $5,006,251
- +2.5% vs 2023
- Primary geography
- California (63% 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 Windhorse Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was The Thacher School ($25K). Together the top 5 received $40K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 45 grants of 47 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Windhorse Foundation gives
- Giving fell 63% from 2021 to 2024. Method
- In 2024 it paid out 16% 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 2020 to 2024, annual grant giving ranged from $40K (2024) to $129K (2023). In 2024 it made 5 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Thacher School Ojai, CA | General Purposes of Donee | $25,000 |
| Maui Arts & Cultural Center Kahului, HI | General Purposes of Donee | $5,000 |
| Paia Youth Council Inc Paia, HI | General Purposes of Donee | $5,000 |
| Hawaii Public Radio Honolulu, HI | General Purposes of Donee | $2,500 |
| Hospice Maui Wailuku, HI | General Purposes of Donee | $2,500 |
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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 | $5,006,251 | $220,875 | $101,623 | $40,000 | 5 | $43,477 | $351,630 | $279,155 |
| 2023 | $4,885,740 | $620,058 | $163,910 | $128,700 | 12 | $135,900 | $591,840 | $223,425 |
| 2022 | $4,429,592 | $329,626 | $84,748 | $61,000 | 11 | $61,150 | $323,388 | $209,783 |
| 2021 | $4,186,770 | $673,166 | $115,747 | $109,000 | 10 | $112,550 | $671,608 | $230,004 |
| 2020 | $3,628,748 | $141,426 | $52,102 | $43,000 | 9 | — | $135,924 | $192,332 |
Under IRS private-foundation payout rules, Windhorse Foundation reported a distributable amount of $279K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Windhorse Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
David A. Salem
Trustee
On filings since 2020
1.5 hrs/week
No compensation reported
Richard M. Salem
Trustee
On filings since 2020
1.5 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 Windhorse Foundation
How much does Windhorse Foundation give each year?
Windhorse Foundation gave $40K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $129K across 12 grants.
What is Windhorse Foundation's typical grant size?
Windhorse Foundation's median grant in 2024 was $5,000, and its average grant was $8,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does Windhorse Foundation give grants?
Windhorse Foundation gives mostly in California: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Hawaii (38%).
Does Windhorse Foundation give general operating support?
Yes: 100% of Windhorse Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Windhorse Foundation's largest grantees?
Windhorse Foundation's largest 2024 grantees include The Thacher School ($25,000), Maui Arts & Cultural Center ($5,000) and Paia Youth Council Inc ($5,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is Windhorse Foundation?
Windhorse Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $279K (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 Windhorse Foundation's EIN?
Windhorse Foundation's EIN (Employer Identification Number) is 04-6707664. 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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