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Herbert C Shipman Foundation is a private corporation based in HILO, HI. The foundation received its IRS ruling in 1978. The principal officer is Herbert M Nakayama Cpa. It holds total assets of $522K. Annual income is reported at $276K. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Herbert C Shipman Foundation has made 8 grants totaling $119K, with a median grant of $14K. Annual giving has grown from $28K in 2021 to $60K in 2023. Individual grants have ranged from $8K to $23K, with an average award of $15K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Hawaii. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Herbert C Shipman Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in HI.
Herbert C Shipman Foundation has distributed a total of $119K across 8 grants. The median grant size is $14K, with an average of $15K. Individual grants have ranged from $8K to $23K.
Herbert C Shipman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Herbert C Shipman Foundation is headquartered in HILO, HI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nancy Cabral | PRESIDENT/SEC/TREAS | $0 | $0 | N/A |
| Oliver English | DIRECTOR | $0 | $0 | N/A |
| Doug Adams | DIRECTOR | $0 | $0 | N/A |
| Barbara Takase | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$39K
Total Assets
$522K
Fair Market Value
$556K
Net Worth
$522K
Grants Paid
$30K
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$27K
Total: $295K
Total Grants
8
Total Giving
$119K
Average Grant
$15K
Median Grant
$14K
Unique Recipients
2
Most Common Grant
$21K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hawaii Community FoundationSCHOLARSHIPS | Honolulu, HI | $21K | 2023 |
| Rotary Club Of Hilo FoundationSUPPORT | Hilo, HI | $9K | 2023 |