University Of Hawaii Foundation is located in Honolulu, HI. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Hawaii Foundation employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Hawaii 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 06/2021, University Of Hawaii Foundation generated $108.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $57.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE DONORS' PASSIONS WITH THE UNIVERSITY OF HAWAI'I'S (UH) ASPIRATIONS BY RAISING PHILANTHROPIC SUPPORT AND MANAGING INVESTMENTS TO BENEFIT UH, THE PEOPLE OF HAWAI'I AND OUR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT AID AND SERVICES - UHF RAISES AND DISTRIBUTES MONEY FOR STUDENT AID, SCHOLARSHIPS, FELLOWSHIPS, GRANTS AND AWARDS TO HELP STUDENTS FULFILL THEIR ACADEMIC POTENTIAL AND ENSURE OUR STATE HAS THE SKILLED PROFESSIONALS IT NEEDS TO FLOURISH.THESE INCLUDE MERIT-BASED SCHOLARSHIPS, NEED-BASED SCHOLARSHIPS, STUDY ABROAD OPPORTUNITIES AND PROGRAMS THAT HELP BUILD INTERNATIONAL BRIDGES AND CULTURAL VERSATILITY. FELLOWSHIPS HELP UH ATTRACT AND RETAIN OUTSTANDING STUDENTS WHOSE RESEARCH AND CONTRIBUTIONS TO OUR WORLD ARE KEY TO A VIBRANT FUTURE.
OTHER PROGRAM SERVICES
SPECIAL PROGRAMS - DONOR DESIGNATED ACCOUNTS SUPPORT A RANGE OF ACADEMIC AND NON-ACADEMIC INITIATIVES/PROGRAMS. THESE INCLUDE VISITING DISTINGUISHED LECTURERS AND PROFESSORSHIPS, COMPUTER LAB SUPPORT, FACILITIES FUNDS, INTRAMURAL SPORTS, OUTREACH PROGRAMS THAT SUPPORT LIFELONG LEARNING AND COMMUNITY EDUCATION, HEALTH FAIRS, WORKSHOPS, BAND AND MENTORSHIP PROGRAMS. THROUGH FUNDRAISING AND ACCOUNT MANAGEMENT, UHF IS A PARTNER IN CAPITAL IMPROVEMENT PROJECTS TO BRING STATE-OF-THE-ART FACILITIES, TECHNOLOGY AND EQUIPMENT TO CAMPUSES STATEWIDE. QUALITY FACILITIES AND RESOURCES NURTURE HEALTHY LEARNING AND PRODUCTIVE COLLABORATION. FROM BUSINESS EDUCATION TO ADVANCED CULINARY TRAINING, DONORS ARE HELPING UH DELIVER WORLD-CLASS OPPORTUNITIES AND FACILITIES TO HAWAII STUDENTS. DONOR FUNDS MAKE IT POSSIBLE FOR OUR PUBLIC UNIVERSITY TO BRING DISTINGUISHED VISITING LECTURERS AND RESEARCHERS TO OUR CAMPUSES. EXAMPLES INCLUDE BRINGING SOME OF THE WORLD'S MOST HIGHLY REGARDED CANCER RESEARCHERS TO WORK COLLABORATIVELY IN OUR RESEARCH LABORATORIES WITH UH SCIENTISTS. WHILE THEY ARE HERE, THE PROMINENT RESEARCHERS, INCLUDING NOBEL LAUREATES, DELIVER A MAJOR LECTURE AT THE UNIVERSITY OF HAWAII CANCER CENTER. PRIVATE SUPPORT FUNDS THIS EXTRAORDINARY OPPORTUNITY FOR UH FACULTY, STUDENTS AND STAFF, TO MEET AND INTERACT WITH SOME OF THE MOST PROMINENT SCIENTISTS WHOSE WORK HAS SAVED MANY LIVES AND ESTABLISH RESEARCH COLLABORATIONS WITH THEM. OTHER DISTINGUISHED LECTURE SERIES SUPPORT HAWAII'S DIALOGUE WITH THE REST OF THE WORLD IN AREAS INCLUDING LOCAL ENTREPRENEURSHIP, INTERNATIONAL WOMEN'S LEADERSHIP, GLOBAL TECHNOLOGY, THE INTEGRATION OF SCIENCE AND CULTURE, AND INDIGENOUS LANGUAGE/CULTURAL ISSUES.
THE UNIVERSITY OF HAWAI'I FOUNDATION (UHF) HELPS ADVANCE WORLD-CLASS RESEARCH AND INNOVATION THROUGH STRATEGIC PHILANTHROPIC INVESTMENTS. PRIVATE SUPPORT PLAYS A CRITICAL ROLE IN ENABLING UH RESEARCHERS TO TACKLE OUR WORLD'S CHALLENGES AND IMPROVE OUR QUALITY OF LIFE. WITH ITS UNIQUE GEOGRAPHIC LOCATION IN THE MIDDLE OF THE PACIFIC OCEAN, THE RICH ETHNIC DIVERSITY AND ENVIRONMENTAL ATTRIBUTES, UH HAS BECOME A GLOBALLY RECOGNIZED LEADER FOR ITS PIONEERING RESEARCH IN FIELDS SUCH AS OCEANOGRAPHY, VOLCANOLOGY, ASTRONOMY, PACIFIC ISLANDS AND ASIAN AREA STUDIES, TROPICAL AGRICULTURE, CANCER AND GENETICS. UH'S HIGHLY RANKED ACTIVE RESEARCH PROGRAMS SERVE AS A MAGNET FOR LEADING RESEARCHERS, BUILDING UH CENTERS OF EXCELLENCE IN AREAS INCLUDING MICROBIOMES, ENDANGERED AND RARE PLANT CONSERVATION AND CLIMATE CHANGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Standford S Carr Vice Chair | OfficerTrustee | 0.5 | $0 |
Ted Pettit Treasurer | OfficerTrustee | 0.5 | $0 |
Lori Teranishi Secretary | OfficerTrustee | 0.5 | $0 |
Richard F Wacker Chairman | OfficerTrustee | 0.5 | $0 |
C Scott Wo Vice Chair | OfficerTrustee | 0.5 | $0 |
Peter Fukunaga Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kpmg Llp Accounting Services | 6/29/22 | $232,869 |
Cambridge Associates Llc Investment Services | 6/29/22 | $795,497 |
Pilina First Consulting Services | 6/29/22 | $174,865 |
Kobayashi Sugita & Goda Llp Legal Services | 6/29/22 | $150,436 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $70,935,977 |
Investment income | $4,595,528 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $32,323 |
Net Rental Income | $284,684 |
Net Gain/Loss on Asset Sales | $29,063,026 |
Net Income from Fundraising Events | -$13,178 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $108,431,875 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $2,642,598 |
Grants and other assistance to Foreign Orgs/Individuals | $143,506 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,392,250 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,968,233 |
Pension plan accruals and contributions | $647,169 |
Other employee benefits | $814,704 |
Payroll taxes | $503,848 |
Fees for services: Management | $0 |
Fees for services: Legal | $82,073 |
Fees for services: Accounting | $193,432 |
Fees for services: Lobbying | $12,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,293,847 |
Fees for services: Other | $2,748,783 |
Advertising and promotion | $1,192,236 |
Office expenses | $1,887,666 |
Information technology | $486,909 |
Royalties | $0 |
Occupancy | $703,627 |
Travel | $322,506 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $673,430 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $107,875 |
Insurance | $235,597 |
All other expenses | $0 |
Total functional expenses | $57,246,813 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,890,927 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $45,337,875 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $264,550 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $259,152 |
Investments—publicly traded securities | $170,739,261 |
Investments—other securities | $441,398,555 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $42,294,646 |
Total assets | $719,332,132 |
Accounts payable and accrued expenses | $8,660,082 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,065,809 |
Total liabilities | $37,725,891 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $681,606,241 |