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Hawaii · Nonprofit

PUNAHOU SCHOOL

PUNAHOU SCHOOL (Hawaii) receives grants from 162 organizations whose IRS filings report $43,993,248 to it, the largest being CN WODEHOUSE FACULTY BENEFIT TR AT ($6,347,181). 117 of them have funded it in more than one year.

Revenue FY2025
$171M
Funders on record
162
Grants received
$44M
Net assets
$670M
117/162 repeat funderspeak grant-dependency 6%
01What it does

What Punahou School does

Mission

In 2023, punahou revealed its renewed mission and values statement. It reads as follows: we are children of ka punahou, the new spring.from under the hala tree, we weave a mat that seats many, our home to dream and discover our purpose and kuleana to hawai'I and the world. Our values- children of the new spring -- we develop spiritual and ethical values that affirm the worth and dignity of everyone, inspired by our hawaiian and christian heritage. - dream and discover -- we inspire a love for learning, innovation, and exploration from kindergarten through life, empowering all to discover their gifts and passions. - purpose and kuleana -- we commit to personal responsibility and kuleana as central tenets of our larger public purpose to create a just, compassionate, and sustainable world. - a mat that seats many -- we welcome all to realize the full expression of themselves, knowing that our differences are our source of strength.

As stated on its FY2025 Form 990.

Programs

  1. Punahou School is a coeducational college preparatory day school accredited by the western association of schools and colleges. Punahou offers educational excellence with more than 99 percent of graduates attending college. Punahou is divided into the junior school (kindergarten through grade 8) with approximately 2,000 students and the academy (grades 9-12) with approximately 1,700 students. The junior school is divided into three self-contained sections to meet the special needs of these groups of children: omidyar k-1 neighborhood, kosasa community for grades 2-5, and case middle school for grades 6-8. Academy classroom size averages 18-22 students. Academy students can customize their mix of classes from an extensive catalog of courses within a modular schedule. College preparatory graduation requirements include credits in english, science, social studies, mathematics, language, physical education, visual and performing arts, and community service.students are also encouraged to explore other interests and build skills beyond those developed in the classroom through participation in punahou's academic centers and various initiatives, including the case accelerator for student…

    $107,305,435 spentof which $10,753,439 as grants$124,187,329 earned by the program
    83% of program spending
  2. Summer school offers a wide variety of academic, enrichment, and transitional programs. At the junior school level (grades k-8), most summer courses are open to all students, including those from our local community, the u.s. Mainland, and abroad. Academy summer courses are typically credit-bearing and are only open to current or incoming punahou students. The academy courses offered cover a variety of academic subjects, as well as sports and the arts.

    $3,085,437 spent$4,170,884 earned by the program
    2% of program spending
  3. Co-curricular and other programs provide opportunities for growth and development beyond the classroom and regular school day. Co-curricular programs include music, dance, theatre, tennis, and punahou aquatics. Other programs include special interest clubs, holoku pageant, speech and debate, and robotics. These co-curricular and other programs allow students to deeply engage in learning through courses ranging from recreation and exploration to active inquiry, reflection, and the progressive development of advanced skills and techniques. The athletics program provides students with the opportunity to build and develop values, qualities, and skills that are an essential part of the punahou experience. Over 70% of students in grades 7-12 participate in one of the 23 sports programs offered through approximately 150 teams. Punahou is a member of the hawaii high school athletic association (hhsaa) and the inter-scholastic league of honolulu (ilh). For many students, punahou becomes more than just a school; it serves as a community, a place which provides a large part of their total environment.

    $18,457,236 spentof which $15,537 as grants$5,753,042 earned by the program
    14% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $128,848,108.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($128M) Expenses 100 ($111M) Net assets 100 ($414M)2018 Revenue 95 ($122M) Expenses 105 ($117M) Net assets 103 ($427M)2019 Revenue 100 ($129M) Expenses 110 ($122M) Net assets 106 ($440M)2020 Revenue 96 ($123M) Expenses 114 ($127M) Net assets 117 ($485M)2021 Revenue 95 ($122M) Expenses 150 ($167M) Net assets 135 ($560M)2022 Revenue 112 ($143M) Expenses 113 ($126M) Net assets 130 ($538M)2023 Revenue 114 ($146M) Expenses 125 ($139M) Net assets 138 ($570M)2024 Revenue 123 ($157M) Expenses 131 ($146M) Net assets 151 ($625M)2025 Revenue 134 ($171M) Expenses 138 ($154M) Net assets 162 ($670M)
'17'18'19'20'21'22'23'24'25
Revenue (134)Expenses (138)Net assets (162)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $546M to $665M (+22%).

$459M
$474M
$506M
$546M
$665M
$624M
$644M
$691M
$743M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

10% of PUNAHOU SCHOOL’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$17M
’17
$4.4M
’18
$6.7M
’19
−$4.5M
’20
−$45M
’21
$17M
’22
$7.0M
’23
$11M
’24
$17M
’25
4.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Wendy Crabb

Board chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed292830313030282728
Joined·+1+5+5+5+7+4+2+1
No longer listed·23467630
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 34 funders to 77 funders, grant income rose $4.4M → $5.7M.

18 of 162 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $141k from one payer (the payer shares this organization's board, largest Aloha United Way Inc). These are real filings, and they are not money PUNAHOU SCHOOL raised.

From the IRS filings of PUNAHOU SCHOOL’s funders (the co-funder graph). Top 30 of 162 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PUNAHOU SCHOOL has a broad base — no single funder exceeds 14% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PUNAHOU SCHOOL.

14%
largest funder
32%
top three
~17
effective funders

Largest funder’s share by year: 2017 67% · 2018 24% · 2019 21% · 2020 17% · 2021 15% · 2022 12% · 2023 17% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

49% of PUNAHOU SCHOOL's funders are still giving 3 years after their first grant; 72% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

88% of PUNAHOU SCHOOL's grant income comes from Hawaii funders.

NH
WA
MN
IL
NY
MA
OR
NV
OH
NJ
CT
CA
UT
CO
MO
VA
MD
DE
AZ
NC
DC
HI
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Hawaii out of state home

Funder states come from each funder’s own filing. $12M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PUNAHOU SCHOOL holds deeper cash reserves than three-quarters of the 684 education nonprofits its size.

Operating margin10% · above the median
Months of reserve4.5mo · top quartile
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Organizations like PUNAHOU SCHOOL

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Hawaii

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 13%Fundraising 3%

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

71%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 4 states

NY
MA
SC
HI

Part of a family of 5 related entities

  • Cnw Faculty Benefit Trust at Punahou · exempt
  • Jtw Te Cotr Punahou · exempt
  • The Waterhouse Charitable Trust · exempt
  • Charitable Remainder Trust (8) · corp_trust
  • Cf Charitable Trust · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for PUNAHOU SCHOOL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PUNAHOU SCHOOL?
PUNAHOU SCHOOL (Hawaii) receives grants from 162 organizations whose IRS filings report $43,993,248 to it, the largest being CN WODEHOUSE FACULTY BENEFIT TR AT ($6,347,181). 117 of them have funded it in more than one year.
How many funders does PUNAHOU SCHOOL have?
IRS filings report 162 organizations giving $43,993,248 in grants to PUNAHOU SCHOOL, 117 of which have funded it in more than one year.
Who is the largest funder of PUNAHOU SCHOOL?
CN WODEHOUSE FACULTY BENEFIT TR AT is the largest funder on record, with $6,347,181 in grants. The full list of funders is on this page.
How can an organization like PUNAHOU SCHOOL find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Hawaii. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Punahou School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 162 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing