Hawai‘i Community Foundation’s capacity to serve the community is tied directly to its ability to preserve and enhance the financial assets that it stewards.

HCF has established a relationship with The Vanguard Group, Inc. for the management of its corporate fund assets. Fund assets held in trust are managed by one of the Foundation’s corporate trustee partners: Bank of Hawaii, First Hawaiian Bank, and Central Pacific Bank. As stewards of these assets, the investing is guided by prudent policies that have a long-term and perpetual time horizon, protect principal, and provide for a reasonable investment return and growth.

HCF's primary sources of operating revenue come from:

• A one-time and/or administrative fees on donor gifts
• Contractual fees earned from providing philanthropic services to other grantmakers or organizations

HCF's Board of Governors is responsible for overseeing all significant fiscal matters including operational budgets, discretionary grantmaking, financial reporting and controls. Separate committees composed of board members and assisted by staff and independent consultants exercise additional monitoring over investment activities, external audit, and risk assessment.

HCF Financial Information

HCF EIN 99-0261283 / A 501(c)(3) ORGANIZATION

Financial Statements – December 31, 2022 and 2021 

Financial Statements – December 31, 2021 and 2020

Form 990 - 2022
Form 990 -T- 2022

Hawai‘i Community Foundation's 2022 Annual Report