Public Charity

Hakone Foundation

Hakone Foundation, of Saratoga, CA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.9M in revenue, $1.6M in expenses, $3.3M in total assets. 16 publicly reported grants to this organization, totaling roughly $311K, appear in IRS filings.

EIN: 770054274 Saratoga, CA Latest filing: 2025
Total Revenue$1.9M
Total Expenses$1.6M
Total Assets$3.3M
Grant Records16
Funding Total$311K
Filing Years2020–2025

Mission

Hakone Foundation is dedicated to preserving the historic legacy and authenticity of Hakone Estates and Gardens for public benefit, and promoting Asian cultural exchange through educational experiences. Originally built in 1915 as a private residence, today Hakone Estates and Gardens is one of the oldest Japanese gardens in the Western Hemisphere and a cherished public park by the local California Bay Area Community. Owned by the City of Saratoga since 1966, Hakone Foundation has independently operated Hakone on behalf of the City since 2000, hosting 40,000-65,000 visitors annually and maintaining . traditional Japanese gardens, a koi pond, several historic buildings and architectural features, a cultural with rotating art exhibits, and 4 traditional Japanese tea ceremony tetami spaces. Hakone Foundation presents numerous educational programs throughout the year to promote its mission of Asian cultural exchange, including Haname (cherry blossom viewing), Toro Nagashi (floating lantern

Officers & Directors

Trustee Adrienne Reiko Iwanaga
Immediate Past Chair Ann Waltonsmith Phd
Vice Chairperson Beverly Harada
Trustee Bonnie Yamaoka
Trustee Chuck Page
Trustee Connie Young Yu

Officer compensation and complete director data available with membership.

Top Grant Purposes

ARTS, CULTURE & HUMANITIES
$197,125 6 grants
For grant recipient's exempt purposes
$31,325 2 grants
CULTURE & ARTS
$22,000 2 grants
GENERAL SUPPORT
$20,648 3 grants
FOR CONSTRUCTION OF THE MACHIAI (WAITING PAVILION) AT THE KAKUDO TEA HOUSE SHOGETSU-AN. IF THERE ARE ANY REMAINING FUNDS FROM THE GRANT THEY MAY BE USED FOR GENERAL SUPPORT OF THE FOUNDATION.
$20,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.9M $1.6M $3.3M
2024 $1.8M $1.4M $3.0M
2023 $1.6M $1.3M $2.5M
2021 $1.7M $1.2M $1.4M
2020 $1.0M $1.2M $834K

Between 2020 and 2025, reported annual revenue grew from $1.0M to $1.9M (+86%), with total assets most recently reported at $3.3M.

Interactive year-over-year charts and full filing details available with membership.

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