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Nareit Foundation at a glanceAlso receives grants: funding profile →

· Public charity

Nareit Foundation

Making grants to charitable, educational, and other organizations qualified and recognized as exempt from federal income tax under section 501(c)(3) of the internal revenue code; taking steps to promote and advance social responsibility in the real estate investment trust industry; and sponsoring educational conferences or publishing…

$1.5M
Granted FY2025still arriving
18
Grants FY2025still arriving
6
States reached
$250k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2025.

Housing & Shelter$1.8MCommunity Improvement$1.0MEducation$710kPublic Benefit$273kEmployment$185kCivil Rights$146kHuman Services$140kArts & Culture$123kOther$0
02FY2025 · 18 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • $10k–50k5 grants · $108k
  • $50k–250k12 grants · $1.1M
  • $250k+1 grant · $250k
$100,000
Median grant
6
States reached
$1.4M
Total assets
Largest grants
RecipientAmount
MOREHOUSE COLLEGE INC$250,000
KUNIA VILLAGE DEVELOPMENT CORPORATION$127,000
COALITION FOR NONPROFIT HOUSING AND ECONOMIC DEVELOPMENT$125,000
NAF$100,000
THE EMPIFY FOUNDATION INC$100,000
PARADIGM FOR PARITY INC$100,000
BUILDING MARKETS LTD$100,000
PROJECT DESTINED$100,000
ROBERT A TOIGO FOUNDATION$100,000
PROJECT VISION HAWAII$80,000
IHS THE INSTITUTE FOR HUMAN SERVICES INC$54,000
RUTGERS THE STATE UNIVERSITY$50,000
PROJECT HAWAII INC$50,000
MOLOKAI AFFORDABLE HOUSING ALLIANCE$27,000
FORD'S THEATRE SOCIETY$23,340
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY22–25, $540k) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 37% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 10%FAMILY PROMISE OF HAWAII: $200k → 9%ARC OF MAUI COUNTY: $80k → 9%PARADIGM FOR PARITY INC: $100k → 17%ARC OF MAUI COUNTY: $45k → 9%PARADIGM FOR PARITY INC: $50k → 17%PARADIGM FOR PARITY INC: $50k → 17%ARC OF MAUI COUNTY: $15k → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

NY
NJ
CA
MD
SC
DC
HI
GA
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

44%of every dollar goes to organizations it has funded before.
$2.0M · 15 repeat orgs$2.6M to everyone else

15 repeat relationships: 8 still active in FY2025, 7 since wound down; 10 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

15
16

Total granted

$2.0M
$1.6M

Median revenue growth · since first grant

-3%
0%

Still filing today

100%
94%

New vs renewed · share of each year

In FY2025, 30% of grant dollars renewed an existing relationship; $1.0M went to new ones.

50%100%’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24’25
Housing & ShelterEducationHuman ServicesArts & CultureCommunity ImprovementInternationalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • RA
    ROBERT A TOIGO FOUNDATION
    3× · 2023–2025 · $200k · revenue +17%
  • CH
    CONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC
    6× · 2020–2025 · $148k · revenue +53%
  • CB
    CONGRESSIONAL BLACK CAUCUS FOUNDATION INC
    6× · 2020–2025 · $146k · revenue +163%

Funded once

  • FP
    FAMILY PROMISE OF HAWAIIgraduated
    one grant, 2023 · $200k · revenue +59%
  • HA
    Housing and Land Enterprise of Hawaiigraduated
    one grant, 2020 · $195k · revenue +153% · 71% of their budget
  • HI
    HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATIONgraduated
    one grant, 2022 · $180k · revenue +57%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Lihue Court Townhomes Corporation

The mission is to develop, own and manage multi-family rental communities serving families earning 20 to 80 percent of median income. the organization will assist its target families to become more self sufficient through the provision of…

Housing & Shelter
2
Mutual Housing Association of Hawaii

The mission of the organization (mhah) is to develop, own and manage multi-family rental communities serving families earning 20 to 80 percent of median income. mhah will assist its target families to become more self sufficient through…

Housing & Shelter
3
Affordable Housing and Economic Development Foundation

The organization is incorporated to support the preservation, rehabilitation and development of, and access to, affordable housing, and to support economic opportunities for lower-income families.

Housing & Shelter
4
Hawaii Homeownership Center

Create successful homeowners by providing classes and homeownership coaching to prepare for the purchase process and have access to buyer resources. post-purchase support is avaliable to have a resource to address concers as a homeowner.…

Housing & Shelter
5
Housing and Land Enterprise of Maui

To secure and preserve a permanent supply of affordable housing alternatives for low and moderate income households in maui county.

Housing & Shelter
6
Arc of Hawaii Housing Project Number 11 Inc

Direct services and advocacy for persons with developmental and intellectual disabilities.

—
7
Hawaii Island Economic Development Board

To provide and promote private sector support and expertise for balanced growth in hawai'i county in partnership with federal, state, county and private resources.

Crime & Legal
8
Habitat for Humanity Hawaii Island Inc

Through the use of organization resources, combined with volunteer labor, build decent, simple, affordable housing or make critical repairs to existing housing. new homeowners are provided an affordable mortgage with very little or no…

Housing & Shelter
9
Hui Kauhale Inc

The corporation shall perform the charitable functions of and carry out the charitable purposes of eah inc, a related california public benefit corporation, by being dedicated to promoting the development and preservation of decent housing…

Housing & Shelter
10
Lokahi Pacific

To develop and expand opportunities available to low-income individuals to own, manage, operate and gain employment in business enterprises; to provide low-income and physically and mentally disadvantaged individuals with housing…

Community Improvement
11
Honolulu Community Action Program Inc

Poi: providing opportunities and inspiration to enable low-income individuals or families to achieve self-reliance. hcap's mission is very deeply rooted in its responsiveness to the community and its needs. it is hcap's belief and…

—
12
Council for Native Hawaiian Advancement

The council for native hawaiian advancement (cnha) is a member-based 501(c)(3) non-profit organization with a mission to enhance the cultural, economic, political, and community development of native hawaiians.

Education
How this is measured
The grantee most central to the portfolio’s shape is Family Promise of Hawaii; the most unlike its peers is Molokai Affordable Housing Alliance. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

38 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 38 of the 41 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
8
Early backer (in before they grew)
38/38
Grantees still filing
16/38
Grew since first funded

Where the money sits, by cause and then by grantee

Housing and Land Enterprise of Hawaii: $195,000 · Housing & ShelterHousing and Land Enterprise of HawaiiHAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION: $180,000 · Housing & ShelterHAWAII ISLAND COMMUNITY DEVELOPMENT CO…IHS THE INSTITUTE FOR HUMAN SERVICES INC: $161,548 · Housing & ShelterIHS THE INSTITUTE FOR HUMAN SERVICES I…HomeAid Hawaii: $150,000 · Housing & ShelterHomeAid HawaiiEAH Inc: $145,000 · Housing & ShelterEAH IncKAUAI HOUSING DEVELOPMENT CORP: $130,000 · Housing & ShelterKAUAI HOUSING DEVELOPMENT CORPKUNIA VILLAGE DEVELOPMENT CORPORATION: $127,000 · Housing & ShelterKUNIA VILLAGE DEVELOPMENT CORPORATIONCoalition for Nonprofit Housing and: $125,000 · Housing & ShelterCoalition for Nonprofit Housing andHONOLULU HABITAT FOR HUMANITY INC: $120,000 · Housing & ShelterHONOLULU HABITAT FOR HUMANITY INCHAWAIIAN COMMUNITY ASSETS INC: $75,000 · Housing & ShelterNEIGHBORHOOD HOUSING COMMUNITY DEV CORP: $75,000 · Housing & Shelter+2 more: $75,000 · Housing & ShelterMOREHOUSE COLLEGE: $250,000 · EducationMOREHOUSE COLLEGEPROJECT DESTINED INC: $200,000 · EducationPROJECT DESTINED INCROBERT A TOIGO FOUNDATION: $200,000 · EducationROBERT A TOIGO FOUNDATIONU S Black Chamber of Commerce EDC: $100,000 · EducationU S Black Chamber of Comme…NAF: $100,000 · EducationNAFMANAGEMENT LEADERSHIP FOR TOMORROW: $100,000 · EducationMANAGEMENT LEADERSHIP FOR …THE AHLA FOUNDATION: $85,000 · EducationTHE AHLA FOUNDATION+2 more: $37,000 · EducationFAMILY PROMISE OF HAWAII: $200,000 · Human ServicesFAMILY PROMIS…PARADIGM FOR PARITY: $200,000 · Human ServicesPARADIGM FOR …ARC OF MAUI COUNTY: $140,000 · Human ServicesARC OF MAUI C…CONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC: $147,760 · OtherCONGRESSIONAL HIS…THE@EMPIFY FOUNDATION INC: $100,000 · OtherTHE@EMPIFY FOUNDA…N STREET VILLAGE INC: $84,200 · OtherN STREET VILLAGE …MOLOKAI BAPTIST CHURCH: $75,000 · OtherMOLOKAI BAPTIST C…RUTGERS THE STATE UNIVERSITY: $50,000 · OtherRUTGERS THE STATE…BUILDING MARKETS LTD: $100,000 · OtherBUILDING MARKETS …PROJECT VISION HAWAII: $80,000 · OtherPROJECT VISION HA…PROJECT HAWAII INC: $50,000 · OtherPROJECT HAWAII IN…WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS: $37,500 · OtherFAITH AND POLITICS INSTITUTE: $125,000 · Arts & CultureFORD'S THEATRE SOCIETY: $123,340 · Arts & CultureTHE NASDAQ ENTREPRENEURIAL CENTER INC: $100,000 · Arts & CultureWAIANAE ECONOMIC DEVELOPMENT COUNCIL: $100,000 · Community ImprovementACCELERATE 500 INC: $100,000 · Community ImprovementHAITIAN LADIES NETWORK: $37,500 · Community ImprovementCONGRESSIONAL BLACK CAUCUS FOUNDATION INC: $145,750 · Civil Rights
Housing & Shelter$1,558,548Education$1,072,000Human Services$540,000Other$724,460Arts & Culture$348,340Community Improvement$237,500Civil Rights$145,750

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetMOREHOUSE COLLEGE: $250,000 over 1y, 0.1% of budgetPROJECT DESTINED INC: $200,000 over 3y, 3.5% of budgetROBERT A TOIGO FOUNDATION: $200,000 over 3y, 1.6% of budgetFAMILY PROMISE OF HAWAII: $200,000 over 1y, 8.6% of budgetPARADIGM FOR PARITY: $200,000 over 3y, 9.6% of budgetHousing and Land Enterprise of Hawaii: $195,000 over 1y, 71% of budgetHAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION: $180,000 over 1y, 15% of budgetIHS THE INSTITUTE FOR HUMAN SERVICES INC: $161,548 over 3y, 0.2% of budgetHomeAid Hawaii: $150,000 over 1y, 0.1% of budgetCONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC: $147,760 over 6y, 0.3% of budgetCONGRESSIONAL BLACK CAUCUS FOUNDATION INC: $145,750 over 6y, 0.3% of budgetEAH Inc: $145,000 over 1y, 0.4% of budgetARC OF MAUI COUNTY: $140,000 over 3y, 1.4% of budgetKAUAI HOUSING DEVELOPMENT CORP: $130,000 over 1y, 11% of budgetKUNIA VILLAGE DEVELOPMENT CORPORATION: $127,000 over 1y, 3.9% of budgetFAITH AND POLITICS INSTITUTE: $125,000 over 3y, 2.8% of budgetFORD'S THEATRE SOCIETY: $123,340 over 5y, 0.4% of budgetHONOLULU HABITAT FOR HUMANITY INC: $120,000 over 1y, 4.9% of budgetWAIANAE ECONOMIC DEVELOPMENT COUNCIL: $100,000 over 1y, 11% of budgetU S Black Chamber of Commerce EDC: $100,000 over 2y, 1.5% of budgetTHE NASDAQ ENTREPRENEURIAL CENTER INC: $100,000 over 2y, 1.5% of budgetBUILDING MARKETS LTD: $100,000 over 1y, 5.0% of budgetMANAGEMENT LEADERSHIP FOR TOMORROW: $100,000 over 2y, 0.1% of budgetACCELERATE 500 INC: $100,000 over 2y, 2.1% of budgetTHE AHLA FOUNDATION: $85,000 over 2y, 0.8% of budgetN STREET VILLAGE INC: $84,200 over 6y, 0.2% of budgetHAWAIIAN COMMUNITY ASSETS INC: $75,000 over 1y, 1.5% of budgetNEIGHBORHOOD HOUSING COMMUNITY DEV CORP: $75,000 over 1y, 7.2% of budgetRESIDENTIAL YOUTH SERVICES & EMPOWERMENT: $50,000 over 1y, 0.9% of budgetWASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS: $37,500 over 1y, 0.9% of budgetHAITIAN LADIES NETWORK: $37,500 over 1y, 5.3% of budgetJAMES E CLYBURN SCHOLARSHIP AND RESEARCH FOUNDATION: $10,000 over 1y, 1.7% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Harry and Jeanett…Bank of Hawaii Charit…Aloha United Way IncAtherton Family Found…J Watumull FundCooke Foundation Limi…Central Pacific Bank …Hawai'i Pacific Healt…The Queen's Medical C…Aloha HarvestKeith and Polly Stein…Kakatu Foundation Inc
The Harry and Jeanette Weinberg Foundation IncMD24.4× affinity10 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Harry and Jeanette Weinberg Foundation Inc · Bank of Hawaii Charitable Fdn · Aloha United Way Inc · Atherton Family Foundation · J Watumull Fund · Cooke Foundation Limited · Central Pacific Bank Foundation · Hawai'i Pacific Health Group Return · The Queen's Medical Center · Aloha Harvest · Keith and Polly Steiner Family Foundation · Kakatu Foundation Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Nareit Foundation funds: left to right is the share of its income from government, bottom to top the share from Nareit Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%5%19%42%75%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    9report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
    05Through Plinth

    Warm introductions · Powered by PlinthPlus

    How do I get to Nareit Foundation?

    Find your warmest path to Nareit Foundation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

    Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 41 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Nareit’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home