Windhorse Foundation

PAIA, HI EIN: 04-6707664

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0M

+2.5% YoY

Annual Giving

$40K

-68.9% YoY

Grant Count

-58.3% YoY

Avg Grant Size

$8K

-25.4% YoY

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.

About Windhorse Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $158K (41%)

Hawaii $132K (35%)

Vermont $50K (13%)

Colorado $16K (4%)

Massachusetts $10K (3%)

Minnesota $7K (2%)

Connecticut $5K (1%)

Virginia $3K (1%)

+1 more states

States

California Colorado Connecticut District of Columbia Hawaii Massachusetts Minnesota Virginia Vermont

Cities

BostonCambridgeHonoluluKahuluiMerrifieldMiddleburyMinneapolisOjaiPaiaStamfordTellurideWailukuWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,006,251	$4,885,740	$4,429,592
Revenue	$220,875	$620,058	$329,626
Expenses	$101,623	$163,910	$84,748
Qualifying Distributions	$43,477	$135,900	$61,150
Net Investment Income	$351,630	$591,840	$323,388
Distributable Amount	$279,155	$223,425	$209,783

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

47 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Thacher School ($25,000), Maui Arts & Cultural Center ($5,000), Paia Youth Council Inc ($5,000).

Recipient	Purpose	Amount
HAWAII PUBLIC RADIO HONOLULU, HI	GENERAL PURPOSES OF DONEE	$2,500
HOSPICE MAUI WAILUKU, HI	GENERAL PURPOSES OF DONEE	$2,500
MAUI ARTS & CULTURAL CENTER KAHULUI, HI	GENERAL PURPOSES OF DONEE	$5,000
PAIA YOUTH COUNCIL INC PAIA, HI	GENERAL PURPOSES OF DONEE	$5,000
THE THACHER SCHOOL OJAI, CA	GENERAL PURPOSES OF DONEE	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID A SALEM	TRUSTEE	1.5	—
RICHARD M SALEM	TRUSTEE	1.5	—

Frequently Asked Questions

How large is Windhorse Foundation?

As of 2024, Windhorse Foundation holds $5.0M in total assets with $221K in annual revenue. It awarded 5 grants totaling $40K in 2024.

Where does Windhorse Foundation operate?

Windhorse Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Hawaii, Massachusetts, Minnesota, Virginia, Vermont.

What size grants does Windhorse Foundation award?

In 2024, Windhorse Foundation awarded 5 grants totaling $40K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Windhorse Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Windhorse Foundation reported a distributable amount of $279K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.