Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 07-01-2012 , 2012, and ending 06-30-2013
BCheck if applicable:
CName of organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Doing Business As
KAMEHAMEHA SCHOOLS
 
Number and street (or P.O. box if mail is not delivered to street address)
POBOX 3466
Suite
Room/suite
City or town, state or country, and ZIP + 4
HONOLULU, HI96801
D Employer identification number

99-0073480
E Telephone number

G Gross receipts $ 5,335,085,472
F Name and address of principal officer:
DEE JAY MAILER
567 SOUTH KING STREET
HONOLULU,HI96813
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.KSBE.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1887
M State of legal domicile: HI
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 5
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 1
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 3,828
6 Total number of volunteers (estimate if necessary) ............. 6 2,486
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 2,784,612
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 1,153,132
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 47,511
9 Program service revenue (Part VIII, line 2g) ......... 29,715,812 29,714,806
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 296,062,823 370,264,285
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 118,319,876 119,102,479
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 444,098,511 519,129,081
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 63,385,646 69,641,129
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 174,551,433 186,658,734
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 149,622,818 153,085,300
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 387,559,897 409,385,163
19 Revenue less expenses. Subtract line 18 from line 12....... 56,538,614 109,743,918
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 7,199,282,096 7,703,205,886
21 Total liabilities (Part X, line 26)............. 521,255,251 481,328,929
22 Net assets or fund balances. Subtract line 21 from line 20..... 6,678,026,845 7,221,876,957
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: KAMEHAMEHA SCHOOL'S MISSION IS TO FULFILL PAUAHI'S DESIRE TO CREATE EDUCATIONAL OPPORTUNITIES IN PERPETUITY TO IMPROVE THE CAPABILITY AND WELL-BEING OF PEOPLE OF HAWAIIAN ANCESTRY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 296,538,081 including grants of $ 63,104,851 ) (Revenue $ 34,654,599 )
KAMEHAMEHA SCHOOLS WAS ESTABLISHED UNDER THE WILL AND CODICILS OF BERNICE PAUAHI BISHOP IN 1887 AND IS NOW ONE OF THE LARGEST SCHOOLS IN THE UNITED STATES SERVING GRADES KINDERGARTEN THROUGH 12 AND 30 PRESCHOOLS. FOR OVER ONE-HUNDRED AND TWENTY-FIVE YEARS, KAMEHAMEHA SCHOOLS HAS CONTINUOUSLY PROVIDED QUALITY EDUCATION, GIVING PREFERENCE TO STUDENTS OF HAWAIIAN ANCESTRY TO THE EXTENT PERMITTED BY LAW. (SEE SCHEDULE O FOR ADDITIONAL INFORMATION ON PROGRAM SERVICE ACCOMPLISHMENTS).
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet296,538,081
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment....
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions).... Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............ Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........ Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................... Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.......................... Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV..................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
787
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
3,828
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletBR , CI , EZ , EG , GR , IN , ID , JA , MU , PL
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
5
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
1
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
HI
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletBENJAMIN SALAZAR567 SOUTH KING STREET SUITE 160HONOLULUHI968133036 (808) 523-6200
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) MICAH KANE........................................................................
TRUSTEE
 20.0
.......................   		X           132,290 0 0
(2) J DOUGLAS ING........................................................................
TRUSTEE - THROUGH 12/31/12
 20.0
.......................   		X           134,123 0 0
(3) ROBERT NOBRIGA........................................................................
TRUSTEE - AS OF 01/01/13
 20.0
.......................   		X           13,500 0 0
(4) JANEEN-ANN OLDS........................................................................
TRUSTEE
 20.0
.......................   		X           115,625 0 0
(5) CORBETT KALAMA........................................................................
TRUSTEE
 20.0
.......................   		X           115,625 0 0
(6) LANCE WILHELM........................................................................
TRUSTEE
 20.0
.......................   		X           114,125 0 0
(7) DEE JAY MAILER........................................................................
CHIEF EXECUTIVE OFFICER
 50.0
.......................   		    X       562,526 0 48,558
(8) ELIZABETH HOKADA........................................................................
VP - ENDOWMENT
 50.0
.......................   		    X       587,957 0 138,553
(9) MARSHA BOLSON........................................................................
VP-COMM RELATION/COMMUNICATION
 50.0
.......................   		    X       164,714 0 53,360
(10) COLLEEN WONG........................................................................
VP - LEGAL SERVICES
 50.0
.......................   		    X       271,123 0 51,425
(11) D ROD CHAMBERLAIN........................................................................
VP - CAMPUS EDUCATION
 50.0
.......................   		    X       294,321 0 49,259
(12) CHRISTOPHER PATING........................................................................
VP-STRAT PLAN & IMPLEMENTATION
 50.0
.......................   		    X       423,890 0 36,984
(13) SYLVIA HUSSEY........................................................................
VP - ADMINISTRATION
 50.0
.......................   		    X       230,790 0 56,112
(14) BENJAMIN SALAZAR........................................................................
VP & CHIEF FINANCIAL OFFICER
 50.0
.......................   		    X       183,407 0 27,170
(15) LEE ANN DELIMA........................................................................
HEAD OF SCHOOL - MAUI CAMPUS
 50.0
.......................   		      X     219,869 0 45,226
(16) DARREL HOKE........................................................................
DIRECTOR - INTERNAL AUDIT
 50.0
.......................   		      X     227,993 0 25,095
(17) BURTON YUEN........................................................................
DIRECTOR - FINANCIAL ASSETS
 50.0
.......................   		      X     345,625 0 47,956
Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) R HOLOUA STENDER........................................................................
HEAD OF SCHOOL - HAWAII CAMPUS
 50.0
.......................   		      X     203,379 0 46,469
(19) PAUL QUINTILIANI........................................................................
SR DIR - COMMERCIAL R.E.
 50.0
.......................   		        X   397,535 0 41,550
(20) PAUL KAY........................................................................
AREA DEV DIR - COMMERCIAL R.E.
 50.0
.......................   		        X   251,228 0 31,236
(21) M'LISS MOORE........................................................................
INVESTMENT DIRECTOR - FAD
 50.0
.......................   		        X   285,129 0 47,836
(22) H RYAN LEE........................................................................
INVESTMENT ASSOC DIR. - FAD
 50.0
.......................   		        X   275,228 0 35,073
(23) JON IWATANI........................................................................
INVESTMENT ASSOC DIR. - FAD
 50.0
.......................   		        X   267,065 0 40,644
(24) ERIC MARLER - SCH O........................................................................
VP & CHIEF FINANCIAL OFFICER
 0.0
.......................   		          X 163,399 0 6,017
(25) MICHAEL CHUN SCH O........................................................................
FORMER HEAD OF SCHOOL-KAPALAMA
 0.0
.......................   		          X 172,973 0 28,617
(26) STANLEY FORTUNA JR SCH O........................................................................
FORMER HEAD OF SCH - HI CAMPUS
 0.0
.......................   		          X 124,415 0 23,166








1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 6,277,854 0 880,306
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet138
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
NORDIC PCL CONSTRUCTION INC, 1099 ALAKEA ST STE 1560HONOLULUHI96813 CONSTRUCTION SERVICE 31,334,573
RAM CORPORATION DBA ALLIED BUILDERS, 1717 AKAHI STREET 2ND FLRHONOLULUHI968194265 CONSTRUCTION SERVICE 9,319,037
SECURITAS SECURITY SERVICES USA IN, 1000 BISHOP ST STE 608HONOLULUHI96813 SECURITY SERVICES 2,446,960
CEDARCRESTONE INC, 1255 ALDERMANN DRIVEALPHARETTAGA300054156 CONSULTING SERVICES 2,010,946
CHEVRON USA INC DBA CHEVRON ENGY SO, 345 CALIFORNIA ST FL 18SAN FRANCISCOCA94104 ENERGY SUPPLIER 1,919,025
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet216
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		47,511
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 47,511
Program Service Revenue Business Code
2a TUITION 611600 23,780,057 23,780,057    
b STUDENT FEES 611600 5,389,952 5,389,952    
c BOOKSTORE 611600 311,198 311,198    
d INTEREST INCOME 611600 119,892 119,892    
e FOOD SERVICES 611600 111,901 111,901    
f All other program service revenue . 1,806 1,576 230  
g Total. Add lines 2a–2f........MediumBullet 29,714,806
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 78,950,503   415,965 78,534,538
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 227,962     227,962
(i) Real (ii) Personal
6a Gross rents 245,591,378  
b Less: rental expenses 135,377,827  
c Rental income or (loss) 110,213,551 0
d Net rental income or (loss).......MediumBullet 110,213,551     110,213,551
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 4,904,653,315 66,939,461
b Less: cost or other basis and sales expenses 4,679,407,061 871,933
c Gain or (loss) 225,246,254 66,067,528
d Net gain or (loss)..........MediumBullet 291,313,782     291,313,782
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a 676,967
b Less: direct expenses ...b 299,570
c Net income or (loss) from fundraising events..MediumBullet 377,397   377,397
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a NET PREMIUMS EARNED 524126 2,894,515 2,853,079 41,436  
b PARKING REVENUE 812930 1,944,689   1,944,689  
c ADVERTISING REVENUE 541800 247,461   247,461  
d All other revenue .... 3,196,904 1,910,447 134,831 1,151,626
e Total. Add lines 11a–11d ...... MediumBullet 8,283,569
12 Total revenue. See Instructions......MediumBullet 519,129,081 34,478,102 2,784,612 481,818,856
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 25,257,550 25,257,550
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 44,383,579 44,383,579
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0 0
4 Benefits paid to or for members 0 0
5 Compensation of current officers, directors, trustees, and key employees .... 6,313,699 1,032,730 5,280,969 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0 0 0 0
7 Other salaries and wages 131,030,090 105,377,980 25,652,110 0
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 19,647,684 15,223,004 4,424,680 0
9 Other employee benefits ....... 19,684,536 16,745,098 2,939,438 0
10 Payroll taxes ........... 9,982,725 7,734,605 2,248,120 0
11 Fees for services (non-employees):        
a Management ...... 302,104 0 302,104 0
b Legal ......... 3,274,769 32,600 3,242,169 0
c Accounting ........... 194,804 0 194,804 0
d Lobbying ........... 32,816 0 32,816 0
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 22,074,698 0 22,074,698 0
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 19,809,380 5,031,293 14,778,087 0
12 Advertising and promotion .... 692,455 108,652 583,803 0
13 Office expenses ....... 9,189,524 1,473,593 7,715,931 0
14 Information technology ...... 6,329,426 423,273 5,906,153 0
15 Royalties .. 0 0 0 0
16 Occupancy ........... 14,231,114 10,705,593 3,525,521 0
17 Travel ............ 2,875,034 2,160,526 714,508 0
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0 0 0 0
19 Conferences, conventions, and meetings .... 1,286,060 897,987 388,073 0
20 Interest ........... 8,422,988 8,422,988 0 0
21 Payments to affiliates ....... 114,288 91,588 22,700 0
22 Depreciation, depletion, and amortization ..... 32,008,635 28,764,955 3,243,680 0
23 Insurance .............. 1,982,250 1,323,482 658,768 0
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a SUPPLIES 11,962,239 10,710,558 1,251,681 0
b REPAIRS & MAINTENANCE 8,948,711 7,196,058 1,752,653 0
c STUDENT EXPENSES 3,783,201 1,153,774 2,629,427 0
d BUSINESS DEVELOPMENT 940,029 553,899 386,130 0
e All other expenses 4,630,775 1,732,716 2,898,059  
25 Total functional expenses. Add lines 1 through 24e 409,385,163 296,538,081 112,847,082 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 25,767 1 24,217
2 Savings and temporary cash investments ......... 56,285,241 2 22,911,828
3 Pledges and grants receivable, net ........... 0 3 0
4 Accounts receivable, net ............. 3,571,347 4 18,942,443
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 0 7 405,173
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 110,130,170 9 112,566,750
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,550,961,679
b Less: accumulated depreciation ..... 10b 598,373,348 907,917,539 10c 952,588,331
11 Investments—publicly traded securities .......... 1,711,542,101 11 1,984,554,603
12 Investments—other securities. See Part IV, line 11 ..... 4,325,283,021 12 4,551,683,696
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 84,526,910 15 59,528,845
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 7,199,282,096 16 7,703,205,886
Liabilities 17 Accounts payable and accrued expenses ......... 62,377,636 17 61,497,908
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 22,187,151 19 23,438,513
20 Tax-exempt bond liabilities ............. 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 272,354,046 23 275,333,333
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 164,336,418 25 121,059,175
26 Total liabilities. Add lines 17 through 25......... 521,255,251 26 481,328,929
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 6,678,026,845 27 7,221,876,957
28 Temporarily restricted net assets ........... 0 28 0
29 Permanently restricted net assets ........... 0 29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 6,678,026,845 33 7,221,876,957
34 Total liabilities and net assets/fund balances ........ 7,199,282,096 34 7,703,205,886
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
519,129,081
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
409,385,163
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
109,743,918
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
6,678,026,845
5
Net unrealized gains (losses) on investments ...............
5
391,728,828
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
42,377,366
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
7,221,876,957
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
 
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP 		Employer identification number

99-0073480
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP 		Employer identification number

99-0073480
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP 		Employer identification number

99-0073480
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2012

Schedule C (Form 990 or 990-EZ) 2012
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...... 0  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 54,980  
c Total lobbying expenditures (add lines 1a and 1b) ................... 54,980  
d Other exempt purpose expenditures ........................ 541,151,104  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 541,206,084  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total
             
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        6,000,000
             
c Total lobbying expenditures 111,953 134,460 85,775 54,980 387,168
             
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         1,500,000
             
f Grassroots lobbying expenditures 4,369 122 32 0 4,523
Schedule C (Form 990 or 990-EZ) 2012


Schedule C (Form 990 or 990-EZ) 2012
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered “No” OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2012

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ......... 0 3
2 Aggregate contributions to (during year) ... 0 0
3 Aggregate grants from (during year) ..... 0 2,000
4 Aggregate value at end of year ........ 0 2,383,954
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 583,000
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 9,779,312 9,421,444 7,719,590 7,331,085 8,064,429
b Contributions ........ 1,155,169 371,499 577,553 324,328 45,131
c Net investment earnings, gains, and losses 1,218,103 269,139 1,345,285 146,347 -542,188
d Grants or scholarships ..... 185,665 282,770 220,984 82,170 236,287
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ...... 11,966,919 9,779,312 9,421,444 7,719,590 7,331,085
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet5.000 %
b
Permanent endowment SchDMd Bullet42.000 %
c
Temporarily restricted endowment SchDMd Bullet53.000 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   97,086,793 97,086,793
b Buildings ................   1,298,032,155 522,499,705 775,532,450
c Leasehold improvements ............        
d Equipment ................   77,845,967 44,346,029 33,499,938
e Other .................   77,996,764 31,527,613 46,469,150
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 952,588,331
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) HEDGE FUNDS 		3,092,927,594 F

(B) PRIVATE EQUITY FUNDS 		1,082,704,984 F

(C) COMMINGLED FUNDS 		362,199,600 F

(D) OTHER 		13,851,518 F





Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 4,551,683,696
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 123,581
ACCRUED PENSION LIABILITY 68,225,789
ACCRUED POST RETIREMENT 39,067,888
DEFERRED COMPENSATION PLAN 6,015,560
STUDENT ACCOUNTS 5,431
CAPITAL LEASE 6,968,358
OTHER LIABILITIES 652,568



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 121,059,175
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
PART III, LINE 4 ART COLLECTION: THE KAMEHAMEHA SCHOOLS ART COLLECTION INCLUDES OVER 500 ART PIECES THAT HAVE BEEN PURCHASED, COMMISSIONED OR ACQUIRED THROUGH DONATIONS. THE PIECES RANGE FROM HISTORICAL TO CONTEMPORARY AND ENCOMPASS A BROAD SPECTRUM OF MEDIA INCLUDING SCULPTURE, DRAWING, PAINTING, PRINTING AND PHOTOGRAPHY. THE ART COLLECTION IS MANAGED BY THE KAMEHAMEHA SCHOOLS 'IKE HAWAI'I ART CONSORTIUM, A CAREFULLY SELECTED GROUP COMPOSED OF FACULTY AND STAFF MEMBERS FROM THROUGHOUT THE ORGANIZATION. THE PRIMARY FOCUS OF THE CONSORTIUM IS TO IDENTIFY WAYS TO SHARE THE KS ART COLLECTION FOR EDUCATIONAL PURPOSES AND TO CARE FOR THE COLLECTION. THE CONSORTIUM ALSO OVERSEES THE ACQUISITION OF NEW ART PIECES THROUGH DONATION OR ACQUISITION. KAMEHAMEHA SCHOOLS HAS IDENTIFIED THE FOLLOWING AS THE ROLE OF ART WITHIN THE INSTITUTION : -TO INSPIRE AND EDUCATE -TO FOSTER AN APPRECIATION AND RESPECT FOR ARTISTIC ESPRESSION -TO EMBODY THE ESSENCE OF NATIVE HAWAIIAN LANGUAGE, CULTURE, HISTORY, TRADITIONS AND VALUES THE VAST COLLECTION SERVES AS A VALUABLE EDUCATIONAL RESOURCE FOR TEACHERS AND THEIR STUDENTS
PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS: THE KE ALI'I PAUAHI FOUNDATION, A RELATED SUPPORTING ORGANIZATION TO KAMEHAMEHA SCHOOLS, HOLDS AND ADMINISTERS CERTAIN ENDOWMENT FUNDS FOR THE PURPOSE OF AWARDING VARIOUS SCHOLARSHIPS AND FINANCIAL AID ON BEHALF OF KAMEHAMEHA SCHOOLS.
PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE: THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS UTILIZING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AT JUNE 30, 2013, MANAGEMENT BELIEVES THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
Schedule D (Form 990) 2012

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48.Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
 
No
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2012
Schedule E (Form 990 or 990EZ) 2012
Page 2
Part II
Supplemental Information. Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
PART I, LINE 3   THE NONDISCRIMINATION POLICY IS PUBLISHED ANNUALLY IN A NEWSPAPER PUBLISHED IN THE STATE OF HAWAII THAT HAS GENERAL CIRCULATION IN THE STATE.
     
     
Schedule E (Form 990 or 990-EZ) 2012
Additional Data


Software ID:  
Software Version:  
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
General Information on Activities Outside the United States. Complete if the organization answered “Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside
the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
Central America and the Caribbean     Investments N/A 3,095,000
East Asia and the Pacific     Investments N/A 836,254,000
Europe (Including Iceland and Greenland)     Investments N/A 1,323,383,000
Middle East and North Africa     Investments N/A 18,958,000
North America     Investments N/A 1,412,506,000
Russia and the Newly Independent States     Investments N/A 1,201,000
South America     Investments N/A 59,861,000
South Asia   1 Investments N/A 270,483,000
Sub-Saharan Africa     Investments N/A 36,443,000
           
           
           
           
           
           
           
           
3a Sub-total .....   1 3,962,184,000
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)   1 3,962,184,000
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered “Yes” to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If “Yes,”the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If “Yes,” the organizationmay be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A).......................................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713)................................................
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2012
Additional Data


Software ID:  
Software Version:  



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. Form 990-EZ filers are not required to complete this part. right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
             
             
             
             
             
             
             
             
             
             
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

STUDENT ACTIVIT
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

0
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 676,967     676,967
2 Less: Contributions . .        
3 Gross income (line 1
minus line 2) . . . 		676,967     676,967
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . . 4,788     4,788
6 Rent/facility costs . . 11,811     11,811
7 Food and beverages .        
8 Entertainment . . .        
9 Other direct expenses . 282,971     282,971
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 299,570
11 Net income summary. Combine line 3, column (d), and line 10. .......... right arrow 377,397
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 3
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Identifier Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2012
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number
99-0073480
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) AHA PUNANA LEO INC
96 PUUHONU PLACE
HILO,HI96720 		99-0226111 501(c)(3) 2,025,815 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(2) AFTER SCHOOL ALL STARS
4747 KILAUEA AVE
HONOLULU,HI96816 		27-4604870 501(c)(3) 150,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(3) ALU LIKE INC
458 KEAWE ST
HONOLULU,HI96813 		51-0151095 501(c)(3) 1,409,880 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(4) BIG BROTHERS BIG SISTERS
418 KUWILI ST
HONOLULU,HI96817 		99-0109970 501(c)(3) 430,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(5) CHAMINADE UNIV
3140 WAIALAE AVE
HONOLULU,HI96816 		99-0272261 501(c)(3) 56,784 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(6) EDITH KANAKA'OLE FDN
1500 KALANIANAOLE AVE
HILO,HI96720 		99-0294540 501(c)(3) 174,658 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(7) FRIENDS OF PAPAHANAUMOKUAKEA
PO BOX 667
CAPTAIN COOK,HI96704 		20-8944350 501(c)(3) 42,500 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(8) FRIENDS OF THE LEEWARD COAST
92-1480 ALIINUI DR
KAPOLEI,HI96707 		20-0090779 501(c)(3) 994,182 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(9) GOOD BEGINNINGS ALLIANCE
33 S KING ST
HONOLULU,HI96813 		94-3257650 501(c)(3) 363,800 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(10) HAEYC HAWAII CHAPTER HONOLULU
1806 N KING ST
HONOLULU,HI96826 		23-7425746 501(c)(3) 261,630 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(11) HAWAII BOARD OF EDUCATION
PO BOX 2360
HONOLULU,HI96804 		99-0266482 GOVT ENTITY 100,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS PROGRAMS
(12) HAWAII DEPARMENT OF EDUCATION
PO BOX 2360
HONOLULU,HI96804 		GOVT ENTITY 1,043,145 3,268,138 COST PORTABLE CLASSROOMS SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(13) HAWAII FORESTRY INDUSTRY ASSOCIATION
PO BOX 66
OOKALA,HI96774 		99-0279337 501(c)(3) 156,270 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(14) HAWAIIAN EDUCATIONAL COUNCIL
1585 KAPIOLANI BOULEVARD
HONOLULU,HI96814 		99-0142666 501(c)(3) 150,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(15) HAWAIIAN SILVERSWORD FOUNDATION
721 N FORGEUS AVE
TUCSON,AZ85716 		86-0879183 501(c)(3) 108,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(16) HO'OKAKO'O CORPORATION
PO BOX 37755
HONOLULU,HI96837 		76-0717301 501(c)(3) 50,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(17) HO'OULU LAHUI
PO BOX 2177
PAHOA,HI96778 		99-0323345 501(c)(3) 420,908 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(18) HALIAUAPA'A
29-2290 OLD MAMALAHOA HWY
HAKALAU,HI96710 		45-5486637   62,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(19) HUI MALAMA I KE KAI
41-1537 KALANIANAOLE
WAIMANALO,HI96795 		99-0356784 501(c)(3) 52,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(20) INST FOR NATIVE PACIFIC EDUCATION AND CULTURE
1001 KAMOKILA BLVD
KAPOLEI,HI96707 		99-0315193 501(c)(3) 651,910 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(21) KA HULI O HALOA
PO BOX 1159
KANEOHE,HI96744 		75-3115246 501(c)(3) 304,182 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(22) KA'ALA FARMS INC
PO BOX 630
WAIANAE,HI96792 		99-0242181 501(c)(3) 179,849 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(23) KAANA INC
PO BOX 610
KEKAHA,HI96752 		99-0349254 501(c)(3) 204,658 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(24) KAI LOA INC
45-037 KANEOHE BAY DR
KANEOHE,HI96744 		20-1632545 501(c)(3) 315,182 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(25) KAMA'AHA EDUC INITIATIVE
1500 KALANIANAOLE AVE
HILO,HI96720 		43-2029008 501(c)(3) 519,408 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(26) KANU I KA PONO INC
PO BOX 12
ANAHOLA,HI96703 		99-0347359 501(c)(3) 297,408 1,634,070 COST PORTABLE CLASSROOMS SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(27) KANU O KA 'AINA LEARNING 'OHANA
PO BOX 6511
KAMUELA,HI96743 		99-0352665 501(c)(3) 1,960,058 1,634,070 COST PORTABLE CLASSROOMS SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(28) KEAUKAHA COMMUNITY ASSOCIATION
PO BOX 5146
HILO,HI96720 		99-0344099 501(c)(3) 55,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(29) KEAUKAHA ONE YOUTH DEVELOPMENT
101 AUPUNI ST
HILO,HI96720 		20-5386779 501(c)(3) 42,766 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(30) KEY PROJECT
47-200 WAIHEE RD
KANEOHE,HI96744 		99-0118209 501(c)(3) 24,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(31) KUPU
3569 HARDING AVE
HONOLULU,HI96816 		51-0652665 501(c)(3) 20,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(32) MA KA HANA KA 'IKE BUILDING PROGRAM
PO BOX 968
HANA,HI96713 		02-0556883 501(c)(3) 40,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(33) MAKANA O LILOA FOUNDATION
401 WAIAKAMILO RD
HONOLULU,HI96817 		05-0580950 501(c)(3) 376,432 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(34) MALAMA LOKO 'EA
65-041 HUKILAU LOOP
WAIALUA,HI96791 		27-1307663 501(c)(3) 45,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(35) MANA MAOLI
1110 UNIV AVE
HONOLULU,HI96826 		31-1783481 501(c)(3) 394,182 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(36) MOLOKA'I COMMUNITY SERVICE COUNCIL
PO BOX 2047
KAUNAKAKAI,HI96748 		23-7426312 501(c)(3) 127,800 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(37) NA KAMALEI
PO BOX 900
HAUULA,HI96717 		99-0337808 501(c)(3) 19,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(38) NA KOA FOUNDATION
77-6559 SEA VIEW CIR
KAILUAKONA,HI96740 		27-0856575 501(c)(3) 16,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(39) NA'AU FOUNDATION
1365 NUUANU AVE
HONOLULU,HI96817 		26-4288536   10,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(40) PAEPAE OF HE'EIA
PO BOX 6355
KANEOHE,HI96744 		71-0903791 501(c)(3) 391,200 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(41) PAPAHANA KUAOLA
41-888 KAKAINA ST
WAIMANALO,HI96795 		20-2565007 501(c)(3) 394,264 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(42) PARTNERS IN DEVELOPMENT FOUNDATION
2040 BACHELOT ST
HONOLULU,HI96817 		94-3271325 501(c)(3) 931,913 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(43) QUEEN LILI'UOKALANI CHILDREN CENTER
1300 HALONA ST
HONOLULU,HI96817 		99-0078890 501(c)(3) 64,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(44) STANFORD WOODS INSTITUTE
473 VIA ORTEGA
STANFORD,CA94305 		94-1156365 501(c)(3) 60,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(45) SUPPORTING THE LANGUAGE OF KAUA'I
PO BOX 245
LIHUE,HI96766 		20-4088998 501(c)(3) 350,408 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(46) TEACH FOR AMERICA INC
315 WEST 35TH ST
NEW YORK,NY10018 		13-3541913 501(c)(3) 184,300 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(47) THE DOLLYWOOD FOUNDATION
1020 DOLLYWOOD LANE
PIGEON FORGE,TN37863 		62-1348105 501(c)(3) 46,684 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(48) THE KOHALA CENTER
PO BOX 437462
KAMUELA,HI96743 		99-0354676 501(c)(3) 110,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(49) THE SALVATION ARMY HAWAIIAN & PACIFIC ISLANDS DIV
2950 MANOA RD
HONOLULU,HI96822 		99-0073540 501(c)(3) 500,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(50) ULU MAU PUANUI INC
PO BOX 685
KAMUELA,HI96743 		27-2218803 501(c)(3) 75,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(51) ULUHA'O O HUALALAI
PO BOX 130
HOLUALOA,HI96725 		46-2014974 501(c)(3) 23,958 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(52) UNIVERSITY OF HAWAII
2500 CAMPUS RD
HONOLULU,HI96822 		GOVT ENTITY 814,630 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(53) UNIVERSITY OF HAWAII AT HILO
200 W KAWILI ST
HILO,HI96720 		GOVT ENTITY 82,000 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(54) UNIVERSITY OF HAWAII AT MAUI COMMUNITY COLLEGE
310 WEST KAAHUMANU AVE
KAHULUI,HI96732 		GOVT ENTITY 33,993 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(55) WAIPA FOUNDATION
PO BOX 1516
HANALEI,HI96714 		99-0313224 501(c)(3) 411,505 0 N/A N/A SUPPORT HAWAIIAN EDUCATIONAL ACTIVITIES & PROGRAMS
(56) KE ALI'I PAUAHI FOUNDATION
PO BOX 3466
HONOLULU,HI96801 		94-3263044 501 (C)(3) 1,353,447   N/A N/A GENERAL SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
54
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
2
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SCHOLARSHIPS - PRESCHOOL 2341 10,767,909   N/A N/A
(2) SCHOLARSHIPS - KINDERGARTEN 512 2,402,512   N/A N/A
(3) SCHOLARSHIPS - POST-HIGH 2127 11,307,066   N/A N/A
(4) SCHOLARSHIPS - POST-BACCALAUREATE 114 1,241,617   N/A N/A
(5) STIPENDS - POST-HIGH 83 114,000   N/A N/A
(6) FINANCIAL AID - KS STUDENTS IN K-12 4810 18,550,475   N/A N/A


Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
GRANTS TO ORGANIZATIONS:   THE GRANTS ARE MADE THROUGH A WRITTEN AGREEMENT WITH AT LEAST ANNUAL REPORTING REQUIREMENTS (PROGRAMMATIC AND FINANCIAL) BY THE ORGANIZATION WHO RECEIVES THE GRANT. IN ADDITION, KS CONDUCTS ON-SITE VISITS AND QUARTERLY CHECK-INS TO HELP ENSURE THE OBJECTIVES OF THE GRANT ARE ACHIEVED AND ADDRESS ANY CHALLENGES/ ISSUES ON A TIMELY BASIS. GRANTS TO INDIVIDUALS: (I) WITH RESPECT TO SCHOLARSHIPS: SCHOLARSHIP AWARDS ARE MADE THROUGH CHECKS IN THE NAME OF THE RECIPIENT SCHOOLS AND SENT TO THE SCHOOLS. FUNDS NOT USED ARE RETURNED TO KS. THE POST-HIGH SCHOLARSHIP RECIPIENTS ARE ALSO ASSIGNED A COUNSELOR WHO MAINTAINS REGULAR CONTACT WITH THE RECIPIENT AND PROVIDES ANY ASSISTANCE AND GUIDANCE TO HELP THEM MATRICULATE. (II) WITH RESPECT TO STIPENDS: STIPEND AWARDS ARE MADE THROUGH CHECKS IN THE NAME OF THE STUDENT UPON COMPLETION OF A PREAPPROVED INTERNSHIP PROGRAM COORDINATED BY KS. STUDENT INTERNS ARE ASSIGNED A KS COUNSELOR WHO MONITORS THE INTERNSHIP COMPLETION. (III) WITH RESPECT TO FINANCIAL AID: FINANCIAL AID FOR TUITION, MEALS AND FEES IS PROVIDED TO STUDENTS WITH A DEMONSTRATED FINANCIAL NEED WHO ACTUALLY ENROLL AND ATTEND KS SCHOOLS.
Schedule I (Form 990) 2012


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? .......
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)DEE JAY MAILERCHIEF EXECUTIVE OFFICER (i)
(ii)		 520,006
0 		40,000
0 		2,520
0 		33,931
0 		14,627
0 		611,084
0 		0
0
(2)ELIZABETH HOKADAVP - ENDOWMENT (i)
(ii)		 361,365
0 		197,750
0 		28,842
0 		124,715
0 		13,838
0 		726,510
0 		42,870
0
(3)MARSHA BOLSONVP-COMM RELATION/COMMUNICATION (i)
(ii)		 158,243
0 		0
0 		6,471
0 		45,187
0 		8,173
0 		218,074
0 		0
0
(4)COLLEEN WONGVP - LEGAL SERVICES (i)
(ii)		 267,586
0 		0
0 		3,537
0 		34,295
0 		17,130
0 		322,548
0 		0
0
(5)D ROD CHAMBERLAINVP - CAMPUS EDUCATION (i)
(ii)		 292,491
0 		0
0 		1,830
0 		34,164
0 		15,095
0 		343,580
0 		0
0
(6)CHRISTOPHER PATINGVP-STRAT PLAN & IMPLEMENTATION (i)
(ii)		 367,208
0 		55,692
0 		990
0 		19,085
0 		17,899
0 		460,874
0 		0
0
(7)SYLVIA HUSSEYVP - ADMINISTRATION (i)
(ii)		 229,560
0 		0
0 		1,230
0 		33,449
0 		22,663
0 		286,902
0 		0
0
(8)ERIC MARLER - SCH OVP & CHIEF FINANCIAL OFFICER (i)
(ii)		 54,522
0 		0
0 		108,877
0 		1,882
0 		4,135
0 		169,416
0 		0
0
(9)BENJAMIN SALAZARVP & CHIEF FINANCIAL OFFICER (i)
(ii)		 171,046
0 		0
0 		12,361
0 		11,969
0 		15,201
0 		210,577
0 		0
0
(10)MICHAEL CHUN SCH OFORMER HEAD OF SCHOOL-KAPALAMA (i)
(ii)		 131,852
0 		0
0 		41,121
0 		26,633
0 		1,984
0 		201,590
0 		0
0
(11)STANLEY FORTUNA JR SCH OFORMER HEAD OF SCH - HI CAMPUS (i)
(ii)		 108,517
0 		0
0 		15,898
0 		17,307
0 		5,859
0 		147,581
0 		0
0
(12)LEE ANN DELIMAHEAD OF SCHOOL - MAUI CAMPUS (i)
(ii)		 218,666
0 		0
0 		1,203
0 		29,524
0 		15,702
0 		265,095
0 		0
0
(13)DARREL HOKEDIRECTOR - INTERNAL AUDIT (i)
(ii)		 204,510
0 		20,810
0 		2,673
0 		17,745
0 		7,350
0 		253,088
0 		0
0
(14)BURTON YUENDIRECTOR - FINANCIAL ASSETS (i)
(ii)		 236,576
0 		89,368
0 		19,681
0 		34,624
0 		13,332
0 		393,581
0 		0
0
(15)PAUL QUINTILIANISR DIR - COMMERCIAL R.E. (i)
(ii)		 292,728
0 		102,137
0 		2,670
0 		21,705
0 		19,845
0 		439,085
0 		0
0
(16)PAUL KAYAREA DEV DIR - COMMERCIAL R.E. (i)
(ii)		 206,922
0 		41,815
0 		2,491
0 		15,972
0 		15,264
0 		282,464
0 		0
0
(17)M'LISS MOOREINVESTMENT DIRECTOR - FAD (i)
(ii)		 220,963
0 		60,500
0 		3,666
0 		44,089
0 		3,747
0 		332,965
0 		0
0
(18)H RYAN LEEINVESTMENT ASSOC DIR. - FAD (i)
(ii)		 207,091
0 		59,354
0 		8,783
0 		20,536
0 		14,537
0 		310,301
0 		0
0
(19)JON IWATANIINVESTMENT ASSOC DIR. - FAD (i)
(ii)		 208,764
0 		57,750
0 		551
0 		32,999
0 		7,645
0 		307,709
0 		0
0
(20)R HOLOUA STENDERHEAD OF SCHOOL - HAWAII CAMPUS (i)
(ii)		 175,259
0 		0
0 		28,120
0 		32,004
0 		14,465
0 		249,848
0 		0
0
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier Return Reference Explanation
PART I, LINE 1A   HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE : NON-TAXABLE ON-CAMPUS HOUSING WAS PROVIDED TO KEY EMPLOYEE DR. MICHAEL CHUN. THIS HOUSING WAS PROVIDED AS A CONDITION OF EMPLOYMENT TO SUPERVISE AND INTERACT WITH STUDENTS AND, BECAUSE THE CAMPUS HAS BOARDING STUDENTS, TO BE AVAILABLE AT ALL TIMES TO MANAGE AND RESOLVE ISSUES ARISING FROM BOARDERS. HEADMASTER CHUN IS PROVIDED FREE HOUSING LOCATED WITHIN THE KAPALAMA CAMPUS. A HOUSING ALLOWANCE WAS PROVIDED TO KEY EMPLOYEES DR. STANLEY FORTUNA JR. AND HOLOUA STENDER, AND TOP 5 HIGHEST COMPENSATED EMPLOYEE, PAUL KAY. THE ENTIRE AMOUNT OF SUCH HOUSING ALLOWANCE WAS INCLUDED IN THEIR TAXABLE COMPENSATION.
PART I, LINE 4A   ERIC MARLER, VP AND CHIEF FINANCIAL OFFICER, RECEIVED $101,646 SEPARATION PAYMENT UPON SEPARATION OF EMPLOYMENT EFFECTIVE MARCH 2, 2012.
Schedule J (Form 990) 2012

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501(c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2012
Schedule L (Form 990 or 990-EZ) 2012
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) A B PROPERTIES SEE PART V 450,000 SEE PART V   No
(2) A B PROPERTIES SEE PART V 1,893,350 SEE PART V   No
(3) KIEWIT BUILDING GROUP SEE PART V 1,605,758 SEE PART V   No
(4) FIRST HAWAIIAN BANK SEE PART V 51,534 SEE PART V   No
(5) FIRST HAWAIIAN BANK SEE PART V 50,581 SEE PART V   No
(6) HAWAIIAN ELECTRIC COMPANY SEE PART V 967,059 SEE PART V   No
(7) FIRST HAWAIIAN BANK SEE PART V 51,534 SEE PART V   No
(8) FIRST HAWAIIAN BANK SEE PART V 50,581 SEE PART V   No
(9) A B PROPERTIES SEE PART V 450,000 SEE PART V   No
(10) A B PROPERTIES SEE PART V 1,893,350 SEE PART V   No
(11) BANK OF HAWAII SEE PART V 479,191 SEE PART V   No
(12) BANK OF HAWAII SEE PART V 68,603 SEE PART V   No
(13) BANK OF HAWAII SEE PART V 11,254 SEE PART V   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:   (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS'S SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $450,000. (D) DESCRIPTION OF TRANSACTION: OPTION PAYMENTS (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: A & B PROPERTIES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JANEEN OLDS'S SPOUSE IS AN OFFICER OF THE ENTITY AND JANEEN OLDS IS A TRUSTEE OF THE ORGANIZATION. MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $1,893,350. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: KIEWIT BUILDING GROUP (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: LANCE WILHELM IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $1,605,758. (D) DESCRIPTION OF TRANSACTION: INDEPENDENT CONTRACTOR ARRANGEMENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CORBETT KALAMA IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $51,534. (D) DESCRIPTION OF TRANSACTION: COMMITMENT/AGENCY FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CORBETT KALAMA IS AN OFFICER OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $50,581. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HAWAIIAN ELECTRIC COMPANY (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICAH KANE IS A DIRECTOR OF THE ENTITY AND A TRUSTEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $967,059. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEE JAY MAILER IS A DIRECTOR OF THE ENTITY AND AN OFFICER OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $51,534. (D) DESCRIPTION OF TRANSACTION: COMMITMENT/AGENCY FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: FIRST HAWAIIAN BANK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEE JAY MAILER IS A DIRECTOR OF THE ENTITY AND AN OFFICER OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $50,581. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $479,191. (D) DESCRIPTION OF TRANSACTION: LEASE RENT (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $68,603. (D) DESCRIPTION OF TRANSACTION: ANALYSIS FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: BANK OF HAWAII (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MICHAEL CHUN IS A DIRECTOR OF THE ENTITY AND A KEY EMPLOYEE OF THE ORGANIZATION (C) AMOUNT OF TRANSACTION $11,254. (D) DESCRIPTION OF TRANSACTION: MERCHANT SERVICE FEES (E) SHARING OF ORGANIZATION REVENUES? = NO (E) SHARING OF ORGANIZATION REVENUES? = NO
Schedule L (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Identifier Return Reference Explanation
FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION : KAMEHAMEHA SCHOOLS' MISSION IS TO FULFILL PAUAHI'S DESIRE TO CREATE EDUCATIONAL OPPORTUNITIES IN PERPETUITY TO IMPROVE THE CAPABILITY AND WELL-BEING OF PEOPLE OF HAWAIIAN ANCESTRY.
FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS AS OF JUNE 30, 2013, THE OVERALL FAIR VALUE OF KAMEHAMEHA SCHOOLS' ENDOWMENT WAS APPROXIMATELY $10.1 BILLION. THE FAIR VALUE EXCLUDES NON-INVESTMENT RELATED ASSETS, SUCH AS EDUCATIONAL, ADMINISTRATIVE, AND AGRICULTURAL AND CONSERVATION ASSETS AND IS USED FOR TRUST SPENDING PURPOSES. FOR THE FISCAL YEAR ENDED JUNE 30, 2013, KAMEHAMEHA SCHOOLS SPENT APPROXIMATELY $315 MILLION ON EDUCATIONAL PROGRAMS AND EDUCATIONAL SUPPORT, WITH $110 MILLION SPENT ON COMMUNITY-FOCUSED PROGRAMS AND $168 MILLION SPENT ON CAMPUS-BASED PROGRAMS. THESE FINANCIAL RESOURCES ENABLED KAMEHAMEHA SCHOOLS TO EXTEND ITS EDUCATIONAL REACH TO MORE HAWAIIANS THROUGH ITS EDUCATION STRATEGIC PLAN, ADOPTED IN 2005 AND BASED ON THE KAMEHAMEHA SCHOOLS STRATEGIC PLAN 2000-2015. FISCAL YEAR 2013 WAS THE EIGHTH YEAR OF THE EDUCATION STRATEGIC PLAN SINCE ITS INCEPTION IN 2005, AND THE NUMBER OF CHILDREN AND FAMILIES IMPACTED BY KAMEHAMEHA'S CAMPUS AND COMMUNITY PROGRAMS REMAINED CONSTANT FROM LAST YEAR AT APPROXIMATELY 47,400 LEARNERS. OVER 13,600 PARENTS AND CAREGIVERS WERE PROVIDED TRAINING AND SUPPORT FOR FAMILIES AND CAREGIVERS OF CHILDREN IN THE PRENATAL-TO-POST HIGH COMMUNITY. PRENATAL TO 8 YEARS OF AGE: KAMEHAMEHA SCHOOLS SERVED APPROXIMATELY 16,000 KEIKI PRE-NATAL TO 8 YEARS OF AGE AND THEIR PARENTS AND CAREGIVERS THROUGH ITS KS CENTER-BASED PRESCHOOLS, PRESCHOOL SCHOLARSHIPS, LITERACY INSTRUCTION AND VARIOUS EDUCATIONAL COLLABORATIONS. THAT NUMBER INCLUDED MORE THAN 1,500 STUDENTS AT 30 KS PRESCHOOL SITES ACROSS THE STATE AND OVER 4,000 STUDENTS SERVED THROUGH COMMUNITY COLLABORATIONS. OVER 2,300 PAUAHI KEIKI SCHOLARSHIPS WERE AWARDED TOTALING OVER $15 MILLION. GRADES 4 THROUGH POST-HIGH: KAMEHAMEHA SCHOOLS SERVED MORE THAN 7,800 LEARNERS THROUGH ITS EXTENSION EDUCATION AND DISTANCE LEARNING PROGRAMS SUCH AS THE EXPLORATIONS SERIES, KAMEHAMEHA SCHOLARS, 'IKE PONO AND CAREER & POST-HIGH COUNSELING. MORE THAN 2,100 POST-HIGH SCHOLARSHIPS WERE AWARDED TOTALING OVER $15.1 MILLION AND MORE THAN 4,000 STUDENTS WERE SUPPORTED WITH OVER $5.8 MILLION IN FUNDING AND SUPPORT TO 17 OF THE DEPARTMENT OF EDUCATION'S 32 PUBLIC CHARTER SCHOOLS. MORE THAN 2,000 NON-CAMPUS LEARNERS WERE ENROLLED IN CAMPUS-BASED SUMMER PROGRAMS. CAMPUS PROGRAMS: KAMEHAMEHA SCHOOLS EDUCATED APPROXIMATELY 5,400 LEARNERS, INCLUDING GRADUATING OVER 690 SENIORS, AT CAMPUS PROGRAMS ON HAWAI'I, ON MAUI AND AT KAPALAMA. ORPHAN AND INDIGENT CHILDREN COMPRISED APPROXIMATELY 31 PERCENT OF STUDENTS INVITED TO CAMPUS PROGRAMS AND 27 PERCENT OF STUDENTS ENROLLED DURING THE 2013-2014 SCHOOL YEAR. FOR MORE, INCLUDING A COPY OF KAMEHAMEHA SCHOOLS' AUDITED "CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES" FOR FISCAL YEAR 2013, PLEASE VISIT HTTP://WWW.KSBE.EDU/INDEX.PHP?TOPIC=ANNUALREPORTS.
FORM 990, PART VI, LINES 1A & 1B   FOR PURPOSES OF DETERMINING INDEPENDENCE WITH RESPECT TO THE FORM 990 EACH MEMBER OF THE GOVERNING BODY MUST SATISFY A THREE-PART TEST. ONE SUCH PART PROVIDES THAT THE MEMBER WAS NOT INVOLVED IN A TRANSACTION WITH THE ORGANIZATION EITHER DIRECTLY OR INDIRECTLY THROUGH AN AFFILIATION WITH ANOTHER ORGANIZATION. FOUR (4) MEMBERS OF KAMEHAMEHA SCHOOLS' GOVERNING BODY WERE INVOLVED, INDIRECTLY, IN TRANSACTIONS WITH THE ORGANIZATION SOLEY THROUGH EITHER THEIR OR THEIR FAMILY MEMBER'S AFFILIATION WITH ANOTHER ORGANIZATION AS AN OFFICER OF THAT OTHER ORGANIZATION. THESE MEMBERS ARE THEREFORE NOT CONSIDERED INDEPENDENT FOR PURPOSES OF THIS SPECIFIC TEST. IT IS SIGNIFICANT TO NOTE THAT, IN ACCORDANCE WITH KS'S CONFLICT OF INTEREST POLICY, THESE FOUR MEMBERS OF KS'S GOVERNING BODY WERE PRECLUDED FROM PARTICIPATING (IN BOTH DISCUSSIONS AND DELIBERATIONS) IN THE APPROVAL PROCESS INVOLVING TRANSACTIONS BETWEEN KS AND THE ENTITIES IN WHICH THEY OR THEIR FAMILY MEMBERS WERE SERVING AS A DIRECTOR, TRUSTEE, OR AN OFFICER. THE TRUSTEES ARE SELECTED BY THE PROBATE COURT, WHICH APPOINTS MEMBERS OF A SCREENING COMMITTEE UNDER THE COURT'S CONTROL TO RECEIVE APPLICATIONS FOR A TRUSTEE VACANCY, SCREEN SUCH APPLICANTS AND RECOMMEND APPROPRIATE INDIVIDUALS TO THE COURT FOR THE COURT'S FINAL SELECTION.
FORM 990, PART VI, LINE 2   FIRST HAWAIIAN BANK - CORBETT KALAMA AND DEE JAY MAILER (BUSINESS RELATIONSHIP - CORBETT KALAMA IS AN EXECUTIVE AT FIRST HAWAIIAN BANK AND DEE JAY MAILER IS A MEMBER OF THE BOARD) BISHOP HOLDINGS CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - BISHOP HOLDINGS IS A SUBSIDIARY OF PARENT ORGANIZATION KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS) KAMEHAMEHA INVESTMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - KAMEHAMEHA INVESTMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS) PAUAHI MANAGEMENT CORP - JANEEN OLDS, CORBETT KALAMA, DEE JAY MAILER (BUSINESS RELATIONSHIP - PAUAHI MANAGEMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE WITH OTHERS ON THE BOARD WHICH CONSIST OF SEVEN MEMBERS)
FORM 990, PART VI, LINE 11A   THE 5-STEP REVIEW PROCESS PRIOR TO THE RETURN BEING FILED CONSISTS OF THE FOLLOWING: (1) THE RETURN IS DRAFTED BY THE THIRD PARTY TAX RETURN PREPARER AND THEN REVIEWED BY TAX DEPARTMENT STAFF, STAFF FROM THE CONTROLLERS' DIVISION, AND THE ENDOWMENT GROUP; (2) THE RETURN IS REVIEWED BY THE VICE PRESIDENT OF LEGAL AND THE VICE PRESIDENT OF FINANCE; (3) THE RETURN IS PROVIDED TO THE CEO FOR REVIEW; (4) A MEETING IS ARRANGED WITH THE CEO, REPRESENTATIVES FROM THE TAX DEPARTMENT AND THE THIRD PARTY TAX RETURN PREPARER TO REVIEW THE RETURN IN MORE DETAIL WITH THE CEO; (5) THE TAX DEPARTMENT, THE TAX RETURN PREPARER, AND THE CEO REVIEW THE RETURN IN DETAIL WITH THE TRUSTEES, WHO GIVE FINAL APPROVAL TO FILE THE RETURN.
FORM 990, PART VI, LINE 12C   COMPLIANCE IS ACCOMPLISHED AS FOLLOWS: ACTION REQUIRING APPROVAL BY THE CEO OR TRUSTEES MUST BE SUBMITTED VIA AN INTERNAL FORM, REQUEST FOR ACTION ("RFA"), THAT INCLUDES A SECTION ON CONFLICT OF INTEREST REVIEW, WHICH IS CONDUCTED BY THE LEGAL DEPARTMENT AND ANY CONFLICTS ARE DISCLOSED ON THE RFA. A PERSON WITH A CONFLICT MAY NOT PARTICIPATE IN THE DECISION OR INVOLVEMENT IN THE MATTER. IN ORDER TO DO A CONFLICT CHECK, EACH YEAR THE LEGAL GROUP SENDS OUT A REQUEST TO THE TRUSTEES AND MEMBERS OF EXECUTIVE MANAGEMENT TO COMPLETE AN ANNUAL DISCLOSURE FORM IN WHICH THEY DISCLOSE THEIR FAMILY MEMBERS AND ORGANIZATIONS IN WHICH THEY ARE SHAREHOLDERS (OTHER THAN PUBLICLY TRADED COMPANIES) OR WHERE THEY SERVE AS AN OFFICER OR DIRECTOR. INDIVIDUALS ARE REQUIRED TO REPORT ANY CHANGES TO THEIR ANNUAL DISCLOSURE DURING THE YEAR TO LEGAL. THE LEGAL GROUP THEN MAINTAINS A DATABASE OF THE DISCLOSURES FOR USE IN DETERMINING WHETHER AN INDIVIDUAL HAS A CONFLICT IN A DECISION BEFORE HIM OR HER. FOR DECISIONS DELEGATED TO VICE PRESIDENTS OR STAFF BELOW A VICE PRESIDENT, THE RFA REQUIRES DISCLOSURE OF THIRD PARTIES INVOLVED IN THE MATTER TO BE APPROVED AND THE REQUESTOR MUST THEN CONDUCT A CONFLICT CHECK AND NOTE WHETHER THERE IS ANY CONFLICT. THOSE WHO HAVE A CONFLICT MAY NOT APPROVE THE TRANSACTION.
FORM 990, PART VI, LINES 15A & 15B   THE CEO'S COMPENSATION IS APPROVED EACH YEAR BY THE BOARD OF TRUSTEES, WHO ARE ALL INDEPENDENT PERSONS. AS PART OF THE APPROVAL PROCESS, THE HUMAN RESOURCE DIVISION OF KS PREPARES AN INTERNAL DOCUMENT (A REQUEST FOR APPROVAL, THE "RFA") FOR THE TRUSTEE'S APPROVAL. THE RFA INCLUDES A CURRENT COMPENSATION REPORT WITH BENCHMARKS AND COMPARABILITY DATA PREPARED BY AN INDEPENDENT EXPERT, UNLESS THE REQUESTED COMPENSATION IS WITHIN THE COMPARABILITY INFORMATION PROVIDED BY THE EXPERT FROM THE PREVIOUS YEAR. THE RFA ALSO INCLUDES JUSTIFICATION FOR THE RECOMMENDED COMPENSATION. THE TRUSTEES THEN REVIEWS THE RFA, DELIBERATE AND MAKES A DECISION. THE MINUTES OF THE TRUSTEES' MEETING AND DECISIONS ARE RETAINED. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED IN THE SAME MANNER AS ABOVE FOR THE CEO.
FORM 990, PART VI, LINE 19   EACH YEAR THE TRUSTEES OF THE ESTATE OF BERNICE PAUAHI BISHOP DBA KAMEHAMEHA SCHOOLS MUST SUBMIT THEIR ACCOUNT FOR THE YEAR TO THE PROBATE COURT IN HONOLULU, HAWAII FOR APPROVAL. AS PART OF THAT PROCESS, THE GOVERNING DOCUMENT (THE WILL AND CODICILS) AND THE AUDITED FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE AND CAN ALSO BE PROVIDED UPON REQUEST.
FORM 990, PART VII, LINE 1A, COLUMN B   THE ACTUAL NUMBER OF HOURS PER WEEK DEVOTED TO POSITION RANGES FROM 40 TO 60 HOURS FOR OFFICERS AND DIRECTORS AND 20 TO 40 HOURS FOR TRUSTEES.
FORM 990, PART VII, COMPENSATION   ERIC MARLER RESIGNED AS VP & CHIEF FINANCIAL OFFICER ON MARCH 2, 2012. DR. MICHAEL CHUN AND DR. STAN FORTUNA RETIRED AS HEAD OF SCHOOL FOR THE KAPALAMA CAMPUS AND HAWAII CAMPUS, RESPECTIVELY ON JUNE 30, 2012.
FORM 990, PART XI, LINE 9   EQUITY IN EARNINGS OF SUBSIDIARIES 1,003,161 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 41,268,985 IN-KIND CONTRIBUTIONS 95,220 OTHER ADJUSTMENT 10,000 ----------- TOTAL OTHER CHANGES IN NET ASSETS 42,377,366
FORM 990, PART XII, LINE 2B AND PART IV, LINE 12   THE INDEPENDENTLY AUDITED FINANCIAL STATEMENTS OF KAMEHAMEHA SCHOOLS ARE CONSOLIDATED WITH THOSE OF ITS WHOLLY-OWNED SUBSIDIARIES (E.G. BISHOP HOLDINGS CORPORATION, ETC.) AND THEREFORE NOT ISSUED ON A SEPARATE BASIS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE
PAUAHI BISHOP
Employer identification number

99-0073480
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) P&C INSURANCE COMPANY LLC
PO BOX 3466
HONOLULU,HI96801
99-0315757 		INSURANCE HI 1,860,526 16,196,518 KAMEHAMEHA
 










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) KE ALI'I PAUAHI FOUNDATION

PO BOX 3466

HONOLULU,HI96801
94-3263044 		FUNDRAISING HI 501(C)(3) 11, I KAMEHAMEHA
 
Yes
 
(2) CHARLES R BISHOP TRUST

PO BOX 3466

HONOLULU,HI96801
99-6005262 		SUPPORT OTHER HI 501(C)(3) 11D, III-O NA
 
 
No










For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) SINO FINANCE GROUP

PO BOX 3466
HONOLULU,HI96801
99-0324938 		INTL BUS. INVEST DE KAMEHAMEHA SCH
  		INVESTMENT 62 5,232,955   No     No 90.480 %
(2) SOUTHERN NV INC PROP

PO BOX 3466
HONOLULU,HI96801
33-0324029 		RE ACQ./LEASE CA KAMEHAMEHA SCH
  		INVESTMENT 54,327,500 18,295,454   No     No 91.430 %
(3) BISHOP FINANC LTD

PO BOX 3466
HONOLULU,HI96801
 HOLDING COMPANY CJ KAMEHAMEHA SCH
  		UNRELATED 0 2,794,105   No     No 99.990 %
(4) ERWIN SQUARE

PO BOX 3466
HONOLULU,HI96801
56-1574914 		RE ACQ./DEVELOP NC MONTROSE ERWIN
  		INVESTMENT 0 0   No     No 89.070 %
(5) ERWIN SQ OFF TOWER

PO BOX 3466
HONOLULU,HI96801
56-1574916 		RE ACQ./DEVELOP NC MONTROSE ERWIN
  		INVESTMENT 0 0   No     No 89.070 %
(6) MONTROSE ERWIN SQ

PO BOX 3466
HONOLULU,HI96801
56-1574915 		RE INVESTMENT NC MONTROSE CAP I
  		INVESTMENT 106,777 373,574   No     No 89.460 %
(7) WESTPORT ADVISORS

PO BOX 3466
HONOLULU,HI96801
65-0821359 		FACILITIES MGT. FL PAUAHI MGT CORP
  		UNRELATED 22,661 163,673   No     No 69.180 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) BISHOP HOLDINGS CORPORATION

78-6740 MAKOLEA STREET
KAILUAKONA,HI96740
99-0335777 		HOLDING COMPANY HI KAMEHAMEHA SCH
  		C CORP -843,530 44,833,421 100.000 % Yes  
(2) KONIA INC

78-6740 MAKOLEA STREET
KAILUAKONA,HI96740
99-0309615 		INVESTMENTS DE KAMEHAMEHA SCH
  		C CORP -428 123,668 100.000 % Yes  
(3) PAUAHI MANAGEMENT CORPORATION

PO BOX 3466
HONOLULU,HI96801
99-0335778 		PROPERTY MGT. HI BISHOP HOLDINGS
  		C CORP 0 0      
(4) KAMEHAMEHA INVESTMENT CORPORATION

78-6831 ALII DRIVE SUITE 235
KAILUAKONA,HI96740
99-0115292 		RE DEVLOP/INVEST HI BISHOP HOLDINGS
  		C CORP 0 0      
(5) KBH INC

PO BOX 3466
HONOLULU,HI96801
99-0334862 		RE ASSET MGT. HI PAUAHI MGT CORP
  		C CORP 0 0      
(6) KEAUHOU COMMUNITY SERVICE INC

PO BOX 5685
KAILUAKONA,HI96745
99-0291186 		WASTEWATER TREAT HI KAMEHAMEHA INV
  		C CORP 0 0      
(7) KAUPULEHU FOUNDATION

PO BOX 5685
KAILUAKONA,HI96801
46-2780038 		LAND MANAGEMENT   KAMEHAMEHA
  		C CORP 0 0 100.000 %    
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
Yes
 
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) PAUAHI MANAGEMENT CORPORATION

 A 211,271 BOOK VALUE
(2) KAMEHAMEHA INVESTMENT CORPORATON

 A 12,592 BOOK VALUE
(3) KE ALI'I PAUAHI FOUNDATION

 B 1,316,786 BOOK VALUE
(4) SINO FINANCE GROUP

 D 337,338 BOOK VALUE
(5) KBH INC

 H 183,890 BOOK VALUE
(6) CHARLES R BISHOP TRUST

 L 51,319 BOOK VALUE
(7) KE ALI'I PAUAHI FOUNDATION

 L 114,288 BOOK VALUE
(8) KEAUHOU COMMUNITY SERVICE INC

 M 298,664 BOOK VALUE
(9) KBH INC

 Q 130,474 BOOK VALUE
(10) SOUTHERN NEVADA INCOME PROPERTIES

 S 23,943,080 BOOK VALUE
(11) KAMEHAMEHA INVESTMENT CORPORATION

 S 2,364,336 BOOK VALUE
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation

Additional Data


Software ID:  
Software Version: