Garmar Foundation
- Assets
- $13.4m
- Revenue
- $2.3m
- Investments
- $12.9m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 94-3276214
Organization Overview
Garmar Foundation is located in Honolulu, HI. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garmar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Garmar Foundation generated $2.3m in total revenue. All expenses for the organization totaled $686.3k during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Garmar Foundation has awarded 39 individual grants totaling $1,255,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila King Hixon Director/vice Pres. | 1 | $0 | |
Charles G King Director/secretary | 1 | $0 | |
William H King Director/president | 1 | $0 | |
Henry Rice Director | 1 | $0 | |
William Garfield King Director | 1 | $0 | |
Dylan Hixon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,485,465 |
| Interest on Savings | $66 |
| Dividends & Interest | $293,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $473,140 |
| Capital Gain Net Income | $473,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,252,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68 |
| Total operating and administrative expenses | $131,349 |
| Contributions, gifts, grants paid | $555,000 |
| Total expenses and disbursements | $686,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,999 |
| Savings and temporary cash investments | $501,278 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,913,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,440,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Garmar Foundation has awarded $555,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: CHARITABLE GRANT TO KAPIOLANI HEALTH FOUNDATION NEIGHBOR ISLAND CLINICS | $100,000 |
HAWAII CANINES PURPOSE: CHARITABLE GRANT FOR INDEPENDENCE DBA GUIDE DOGS HAWAII FOR GENERAL SUPPORT | $50,000 |
Puunene, HI PURPOSE: CHARITABLE GRANT FOR GENERAL SUPPORT | $50,000 |
Kahului, HI PURPOSE: CHARITABLE GRANT FOR GENERAL SUPPORT | $40,000 |
Puunene, HI PURPOSE: CHARITABLE GRANT FOR GENERAL SUPPORT | $40,000 |
HAWAII FOODBANK KAUAI PURPOSE: CHARITABLE GRANT FOR GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $672,162,748 | $40,866,490 |
Liliuokalani Trust Honolulu, HI | $828,579,677 | $45,937,660 |
Anne Wojcicki Foundation Los Altos, CA | $0 | $168,879,733 |
Hollywood Foreign Press Association West Hollywood, CA | $72,579,265 | $17,312,742 |
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |