Hoiwai Fund

What it reported doing in 2024

Funder Hui Fiscal Sponsorship - Provide programs and services for hui members and the broader philanthropic and nonprofit sectors. Participants include private, family, community and public foundations, quasi-government organizations and corporate giving programs. The work of Funder Hui includes: Working Groups - Our four working groups meet regularly outside of our events. They provide a key pillar of member participation within Funder Hui that have blossomed into a crucial platform of collaboration. These working groups are only organized and facilitated by Funder Hui members, providing a platform for leadership and impact for leading foundations. Working groups also provide a place for community groups, non-profits, and community experts to work together around shared priority areas. Learning Calls - Our monthly learning calls have grown to reflect the diverse interest of our members and community partners, shifting between the HOW of philanthropy and innovative examples of trust-based philanthropy in action. In this way, our educational programming has emerged as a toolkit for our members and partners to leverage. Events - Our events are a key pillar to our work. Since Funder Hui's launch in 2020, we've hosted over 150 gatherings, including learning calls, events, and collaborative meetings with sector and government leaders. Our offerings included sessions on Maui's recovery, Journalism & Philanthropy, Fresh Water Solutions in Hawaii, Mothers & Unconditional Cash, and more. Recordings of all our virtual events are featured on our website for easy access and reference by our community. We continually partner with key organizations across Hawaii to grow the impact and reach of our work at Funder Hui. Our regular partners for events and programming include Hawaii Venture Capital Association (HVCA), Hawaii Community Foundation, Kukulu Switchboard, University of Hawaii Better Tomorrow Speaker Series, and more.

Financial Efficiency

• Mission deployment rate: 82.5%; rating input score 83
• Program expense ratio: 90.7%; rating input score 91
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 9%; rating input score 58; 58th percentile among comparable filings
• Total-asset coverage ratio: 0.84; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0.9%; rating input score 36; 36th percentile among comparable filings

Growth

• Program expense growth: 29.3% per year; rating input score 100; 90th percentile among comparable filings
• Revenue growth: 28.9% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 36.9% per year; rating input score 100; 94th percentile among comparable filings