UNIVERSITY OF HAWAII FOUNDATION

EIN: 990085260 501(c)(3) Education

HONOLULU, HI

Total Revenue
$178,308,316
Total Expenses
$91,469,516
Total Assets
$1,106,917,390
Net Assets
$982,162,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
HI
Principal Officer
JOHN HAN
Phone
8089568700
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF HAWAII FOUNDATION, founded in 1955, is a major nonprofit in the Education sector that reported $178.3M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86.8M, a strong 49% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $21,489,410 Revenue: $0

SPECIAL PROGRAMS - DONOR DESIGNATED ACCOUNTS SUPPORT A RANGE OF ACADEMIC AND NON-ACADEMIC INITIATIVES/PROGRAMS. THESE INCLUDE VISITING DISTINGUISHED LECTURERS AND PROFESSORSHIPS, COMPUTER LAB...

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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 HAWAI'I STUDENTS. DONOR FUNDS MAKE IT POSSIBLE FOR OUR PUBLIC UNIVERSITY TO BRING DISTINGUISHED VISITING LECTURERS AND RESEARCHERS TO OUR CAMPUSES. EXAMPLES INCLUDE BRINGING HIGHLY REGARDED CANCER RESEARCHERS FROM AROUND THE WORLD, TO WORK COLLABORATIVELY IN OUR RESEARCH LABORATORIES WITH UH SCIENTISTS. WHILE THEY ARE HERE, THESE RESEARCHERS, INCLUDING NOBEL LAUREATES, DELIVER A MAJOR LECTURE AT THE UNIVERSITY OF HAWAI'I CANCER CENTER. PRIVATE SUPPORT FUNDS THIS EXTRAORDINARY OPPORTUNITY FOR UH FACULTY, STUDENTS AND STAFF, TO MEET AND INTERACT WITH PROMINENT SCIENTISTS WHOSE WORK HAS SAVED MANY LIVES AND ESTABLISH RESEARCH COLLABORATIONS WITH THEM. OTHER DISTINGUISHED LECTURE SERIES SUPPORT HAWAI'I'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.

Program 2
Expenses: $18,187,623 Revenue: $0

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...

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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.

Program 3
Expenses: $9,244,922 Revenue: $0

RESEARCH - 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...

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RESEARCH - 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $141,423,061
Program Service Revenue $0
Investment Income $35,034,832
Other Revenue $1,850,423
TOTAL REVENUE $178,308,316

Expense Breakdown

Grants Paid $20,208,422
Salaries & Benefits $13,355,737
Fundraising Expenses $10,809,066
Program Expenses $71,965,703
Other Expenses $57,905,357
TOTAL EXPENSES $91,469,516

Year-over-Year Comparison

2024 2023 Change
Revenue $178,308,316 $112,036,932 +0.6%
Expenses $91,469,516 $79,586,473 +0.1%
Net Income $86,838,800 $32,450,459 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
225
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$1,689,423
Total Directors
18
$0
Key Employees
6
$1,675,534
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM DOLAN PRESIDENT/CEO 40.00
Officer
$636,544 $100,424 $736,968
JOHN HAN COO/CFO 40.00
Officer
$356,763 $72,381 $429,144
KARLA ZARATE-RAMIREZ ASSOCIATE VP - MAJOR GIFTS 40.00
Key Emp
$301,995 $58,491 $360,486
CHRISTINE KOO ASST TREASURER/VP 40.00
Officer
$268,936 $71,773 $340,709
ALLISON OHANIAN SENIOR EXECUTIVE DIRECTOR 40.00
Key Emp
$247,601 $65,840 $313,441
MARGOT SCHRIRE ASSOCIATE VICE PRESIDENT 40.00
Key Emp
$223,053 $69,985 $293,038
JULIE INOUYE EXEC DIRECTOR OF DEVELOPMENT 40.00
Key Emp
$201,052 $36,470 $237,522
MARCELO HANZA SENIOR EXECUTIVE DIRECTOR 40.00
Key Emp
$192,500 $43,225 $235,725
MAILE AU ASSOCIATE VP 40.00
Key Emp
$198,937 $36,385 $235,322
ERIZA BARENG SENIOR DIRECTOR OF DEVELOPMENT 40.00
Highest
$138,977 $49,526 $188,503
KARA SHIBATA ASST TREASURER/CONTROLLER 40.00
Officer
$140,241 $42,361 $182,602
SUZANNE BISHOP DIRECTOR OF PROSPECT RESEARCH 40.00
Highest
$128,313 $44,204 $172,517
JOCELYN ROMERO DEMIRBAG SENIOR DIRECTOR OF DEVELOPMENT 40.00
Highest
$123,380 $30,252 $153,632
TRINH NGUYEN DIRECTOR OF DEVELOPMENT 40.00
Highest
$125,519 $25,062 $150,581
JENNIFER NICKEL DIRECTOR OF DEVELOPMENT 40.00
Highest
$118,674 $30,524 $149,198
C SCOTT WO CHAIRMAN 0.50
Officer Director
$0 $0 $0
RANDOLPH G MOORE VICE CHAIR 0.50
Officer Director
$0 $0 $0
RICHARD F WACKER VICE CHAIR 0.50
Officer Director
$0 $0 $0
ROBYNNE D DALY TREASURER 0.50
Officer Director
$0 $0 $0
LORI TERANISHI SECRETARY 0.50
Officer Director
$0 $0 $0
JOHN COUCH TRUSTEE 0.50
Director
$0 $0 $0
TIMOTHY M DONOHUE TRUSTEE 0.50
Director
$0 $0 $0
PETER FUKUNAGA TRUSTEE 0.50
Director
$0 $0 $0
PETER N GROSSMAN TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL K HIRAI TRUSTEE 0.50
Director
$0 $0 $0
GUY KAWASAKI TRUSTEE 0.50
Director
$0 $0 $0
JAMES H Q LEE TRUSTEE 0.50
Director
$0 $0 $0
JACKSON NAKASONE TRUSTEE 0.50
Director
$0 $0 $0
TED PETTIT TRUSTEE 0.50
Director
$0 $0 $0
SEAN K SUGAI TRUSTEE 0.50
Director
$0 $0 $0
JASON TAYLOR TRUSTEE 0.50
Director
$0 $0 $0
GINNY TIU TRUSTEE 0.50
Director
$0 $0 $0
SUTANTO WIDJAJA TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $178,308,316 $91,469,516 $1,106,917,390 $86,838,800
2024 No data No data No data No data
2023 $123,081,542 $68,484,452 $893,522,101 $54,597,090
2022 $182,685,209 $64,301,701 $828,996,748 $118,383,508
2021 $108,431,875 $57,246,813 $719,332,132 $51,185,062
2020 $76,733,850 $61,348,887 $548,406,506 $15,384,963
2019 $67,544,540 $60,243,863 $543,347,710 $7,300,677
2018 $67,365,941 $60,949,778 $595,960,196 $6,416,163
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