Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
DR ALVIN & MONICA SAAKE FOUNDATION
C/O ARTHUR SHIDA
Number and street (or P.O. box number if mail is not delivered to street address)1611 KUHILANI ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96821
A Employer identification number

73-1671840
B Telephone number (see instructions)

(808) 728-5229
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,975,960J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 34,963 34,963 34,963
4 Dividends and interest from securities... 94,243 94,243 94,243
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 101,266
b Gross sales price for all assets on line 6a 975,199
7 Capital gain net income (from Part IV, line 2)... 101,266
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 747 747 747
12 Total. Add lines 1 through 11........ 231,219 231,219 129,953
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,600 7,650   22,950
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 180 180    
b Accounting fees (attach schedule)....... Click to see attachment 3,395 3,395    
c Other professional fees (attach schedule).... Click to see attachment 27,588 27,588    
17 Interest............... 5,819 5,819    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,475 1,475    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,057 46,107   22,950
25 Contributions, gifts, grants paid....... 162,300 162,300
26 Total expenses and disbursements. Add lines 24 and 25 231,357 46,107   185,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -138
b Net investment income (if negative, enter -0-) 185,112
c Adjusted net income (if negative, enter -0-)... 129,953
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,270 4,512 4,512
2 Savings and temporary cash investments......... 191,972 86,522 86,522
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 892,252 Click to see attachment988,108 988,108
b Investments—corporate stock (attach schedule)....... 1,962,344 Click to see attachment1,800,652 1,800,652
c Investments—corporate bonds (attach schedule)....... 9,763    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 117,494 Click to see attachment96,166 96,166
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,887    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,181,982 2,975,960 2,975,960
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,181,982 2,975,960
30 Total net assets or fund balances (see instructions)..... 3,181,982 2,975,960
31 Total liabilities and net assets/fund balances (see instructions). 3,181,982 2,975,960
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,181,982
2
Enter amount from Part I, line 27a .....................
2
-138
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,181,844
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
205,884
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,975,960
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 3 SH - AFLAC INC P 2011-02-28 2015-10-28
b 114 SH - HALLIBURTON COMPANY P 2015-01-05 2015-04-07
c 155 SH - BROOKFIELD ASSET MANAGMNT P 2013-05-29 2015-05-08
d 66 SH - LIBERTY GLOBAL PLC P 2014-01-17 2015-04-15
e 21 SH - EXPRESS SCRIPTS HLDG CO P 2010-05-07 2015-11-10
33000 UNITS - US TREASURY NOTES P 2014-04-08 2015-08-25
1000 UNITS - FNMA PASS THRU POOL P 2013-04-26 2015-01-12
50 SH - CAMDEN PROPERTY TRUST REIT S P    
224 SH - STRATEGIC HOTELS & RESORTS P    
47 SH - FEDERAL RLTY INVT TR SBI REI P    
162 SH - RLJ LODGING TRUST P    
3.306 SH - SPDR BARCLAYS INTERMEDIAT P 2015-01-07 2015-12-18
4.099 SH - MATSON INC P 2014-03-06 2015-12-14
2.875 SH - SPDR BARCLAYS INTERMEDIAT P 2014-01-07 2015-12-18
534 SH - MATSON INC P 2003-12-17 2015-12-14
46 SH - BAXALTA INC P 2011-11-29 2015-07-15
23 SH - PRECISION CASTPARTS CORP P 2015-04-10 2015-08-12
25 SH - CANADIAN NATURAL RESOURCES L P 2011-09-21 2015-01-09
70 SH - LIBERTY GLOBAL PLC P 2014-01-17 2015-11-13
31 SH - EXPRESS SCRIPTS HLDG CO P 2010-07-09 2015-11-10
4000 UNITS - US TREASURY NOTES P 2014-04-09 2015-08-25
10000 UNITS - FNMA PASS THRU POOL P 2014-07-21 2015-07-31
0.5 SH - CARE CAP PPTYS INC P   2015-08-17
72 SH - TAUBMAN CENTERS INC REIT P    
280 SH - GENERAL GROWTH PPTYS INC P    
6 SH - REALTY INCOME CORP REIT P    
3.278 SH - SPDR BARCLAYS INTERMEDIAT P 2015-02-10 2015-12-18
4.102 SH - MATSON INC P 2014-06-05 2015-12-14
0.46 SH - SPDR BARCLAYS INTERMEDIATE P 2014-01-07 2015-12-18
66 SH - MATSON INC P 2003-12-17 2015-12-14
46 SH - BAXTER INTERNATIONAL INC P 2011-11-29 2015-07-15
8 SH - PRECISION CASTPARTS CORP P 2015-04-23 2015-08-12
160 SH - CANADIAN NATURAL RESOURCES P 2013-01-09 2015-01-09
0.07778 SH - LIBERTY GLOBAL PLC P 2014-01-17 2015-07-01
2 SH - GOOGLE INC P 2009-08-28 2015-08-20
30000 UNITS - US TREASURY NOTES P 2014-04-09 2015-11-24
9000 UNITS - US TREASURY INFLATION I P 2012-07-13 2015-04-07
16 SH - CORESITE REALTY CORP P    
158 SH - VENTAS INC P    
69 SH - HEALTHCARE REALTY TR INC REI P    
60 SH - SL GREEN RLTY CORP REIT P    
3.494 SH - SPDR BARCLAYS INTERMEDIAT P 2015-03-10 2015-12-18
3.859 SH - MATSON INC P 2014-09-04 2015-12-14
3.346 SH - SPDR BARCLAYS INTERMEDIAT P 2014-02-11 2015-12-18
50 SH - MC CHIP RESOURCES INC P 2003-12-17 2015-03-30
5 SH - FACTSET RESEARCH SYSTEMS INC P 2011-02-28 2015-11-02
54 SH - SYSCO CORPORATION P 2015-01-02 2015-03-03
32 SH - CARMAX INC P 2013-05-29 2015-12-08
0.05185 SH - LIBERTY GLOBAL PLC P 2014-06-17 2015-07-01
2 SH - GOOGLE INC P 2009-08-28 2015-08-20
5000 UNITS - US TREASURY NOTES P 2014-09-16 2015-11-24
6000 UNITS - US TREASURY INFLATION I P 2012-12-27 2015-04-07
9 SH - CUBESMART P    
16 SH - WEINGARTEN REALTY REIT INVES P    
93 SH - HEALTH CARE REIT INC REIT P    
175 SH - UDR INC P    
3.354 SH - SPDR BARCLAYS INTERMEDIAT P 2015-04-10 2015-12-18
3.067 SH - MATSON INC P 2014-12-04 2015-12-14
3.456 SH - SPDR BARCLAYS INTERMEDIAT P 2014-03-11 2015-12-18
1565 SH - SPDR BARCLAYS INTERMEDIATE P 2009-07-15 2015-12-18
3 SH - KELLOGG COMPANY P 2012-03-06 2015-10-28
14 SH - VALEANT PHARMACEUTICALS INTL P 2014-03-19 2015-03-10
12 SH - ECOLAB INC P 2013-05-29 2015-09-02
40 SH - AGILENT TECH INC P 2009-02-20 2015-04-24
2- SH - KEYSIGHT TECHS INC P 2009-02-20 2015-03-30
879 SH - PIMCO FIXED INCOME SHARES P 2004-01-26 2015-08-04
12000 UNITS - US TREASURY INFLATION P 2012-07-24 2015-04-07
25 SH - DIGITAL REALTY TRUST INC P    
79 SH - AMERICAN TOWER CORP REIT P    
111SH - HEALTHCARE TR AMER INC P    
23 SH - VENTAS INC P    
3.372 SH - SPDR BARCLAYS INTERMEDIAT P 2015-05-11 2015-12-18
3.351 SH - SPDR BARCLAYS INTERMEDIAT P 2013-04-09 2015-12-18
3.329 SH - SPDR BARCLAYS INTERMEDIAT P 2014-04-09 2015-12-18
10000 SH - WELLS FARGO & CO FIXED/FL P 2011-09-27 2015-03-30
3 SH - LOWES COMPANIES INC P 2013-02-06 2015-10-28
0.07037 SH - LIBERTY GLOBAL PLC P 2015-01-13 2015-07-01
1 SH - GOOGLE INC P 2011-05-16 2015-08-20
20 SH - BANK NEW YORK MELLON CORP P 2007-02-12 2015-04-24
34000 UNITS - US TREASURY NOTES P 2015-04-07 2015-11-05
5000 UNITS - FHLMC GOLD PASS THRU PO P 2013-09-18 2015-07-31
24000 UNITS - US TREASURY INFLATION P 2012-11-28 2015-04-07
6 SH - EASTGROUP PPTYS INC REIT P    
17 SH - AVALONBAY COMMUNITIES REIT I P    
1 SH - HILTON WORLDWIDE HOLDINGS INC P 2014-06-26 2015-08-13
19.84733 SH - WP GLIMCHER INC P   2015-03-20
3.313 SH - SPDR BARCLAYS INTERMEDIAT P 2015-06-09 2015-12-18
3.359 SH - SPDR BARCLAYS INTERMEDIAT P 2013-05-09 2015-12-18
3.39 SH - SPDR BARCLAYS INTERMEDIATE P 2014-05-09 2015-12-18
60 SH - MEDTRONIC INC P 2012-01-04 2015-01-27
224 SH - ACTIVISION BLIZZARD INC P 2013-09-24 2015-01-07
26 SH - LABORATORY CORP OF AMER HLDG P 2013-05-29 2015-08-10
4 SH - BANK NEW YORK MELLON CORP P 2007-02-13 2015-04-24
12000 UNITS - US TREASURY NOTES P 2015-04-14 2015-11-05
3000 UNITS - FHLMC GOLD PASS THRU PO P 2013-09-18 2015-01-12
34000 UNITS - US TREASURY INFLATION P 2012-12-13 2015-01-09
11 SH - EQUINIX INC P    
39 SH - BOSTON PROPERTIES INC REIT P    
227 SH - HOST HOTELS & RESORTS P   2015-06-17
136 SH - WEYERHAEUSER CO P    
3.403 SH - SPDR BARCLAYS INTERMEDIAT P 2015-07-10 2015-12-18
2.067 SH - SPDR BARCLAYS INTERMEDIAT P 2013-06-11 2015-12-18
3.386 SH - SPDR BARCLAYS INTERMEDIAT P 2014-06-10 2015-12-18
3 SH - NORDSTROM INC P 2011-02-28 2015-10-28
2 SH - ALPHABET INC CAP STCK CL C P 2011-05-16 2015-11-18
10 SH - LABORATORY CORP OF AMER HLDG P 2013-08-09 2015-08-10
50 SH - BANK NEW YORK MELLON CORP P 2008-02-28 2015-04-24
7000 UNITS - US TREASURY NOTES P 2014-02-11 2015-01-09
20000 UNITS - FNMA PASS THRU POOL P 2013-03-18 2015-07-31
6000 UNITS - US TREASURY INFLATION I P 2013-07-09 2015-01-09
66 SH - EXTRA SPACE STORAGE INC P    
48 SH - BRIXMOR PROPERTY GROUP INC P    
64 SH - HUDSON PACIFIC PPTYS INC P    
7 SH - ESSEX PROPERTY TRUST INC REIT P    
3.388 SH - SPDR BARCLAYS INTERMEDIAT P 2015-08-11 2015-12-18
1.29 SH - SPDR BARCLAYS INTERMEDIATE P 2013-06-11 2015-12-18
3.354 SH - SPDR BARCLAYS INTERMEDIAT P 2014-07-10 2015-12-18
2 SH - PEPSICO INCORPORATED P 2011-02-28 2015-10-28
3 SH - ALPHABET INC CAP STCK CL A P 2011-05-16 2015-10-13
48 SH - LIBERTY INTERACTIVE CORP INT P 2014-01-23 2015-06-02
40 SH - BANK NEW YORK MELLON CORP P 2008-02-28 2015-04-24
5000 UNITS - US TREASURY NOTES P 2014-08-19 2015-01-09
2000 UNITS - FNMA PASS THRU POOL P 2013-07-10 2015-01-12
3000 UNITS - US TREASURY INFLATION I P 2013-08-20 2015-01-09
8 SH - GENERAL GROWTH PPTYS INC P   2015-06-17
52 SH - BROOKDALE SENIOR LIVING INC P   2015-02-02
96 SH - LASALLE HOTEL PPTYS REIT P    
4.497 SH - PROLOGIS INC P 2010-11-18 2015-08-13
3.432 SH - SPDR BARCLAYS INTERMEDIAT P 2015-09-10 2015-12-18
3.436 SH - SPDR BARCLAYS INTERMEDIAT P 2013-07-10 2015-12-18
3.326 SH - SPDR BARCLAYS INTERMEDIAT P 2014-08-11 2015-12-18
35 SH - SIGMA ALDRICH CORP P 2011-02-28 2015-11-18
1 SH - ALPHABET INC CAP STCK CL A P 2013-03-15 2015-10-13
20 SH - LIBERTY INTERACTIVE CORP VEN P 2014-01-23 2015-03-30
14 SH - BANK NEW YORK MELLON CORP P 2008-11-18 2015-04-24
1000 UNITS - US TREASURY NOTES P 2014-10-14 2015-01-09
2000 UNITS - FNMA PASS THRU POOL P 2013-03-11 2015-01-12
1000 UNITS - US TREASURY INFLATION I P 2013-09-10 2015-01-09
6 SH - HEALTH CARE REIT INC REIT P    
33 SH - CROWN CASTLE INTERNATIONAL C P    
39 SH - MID-AMER APT COMMUNITIES REI P    
24 SH - RETAIL OPPORTUNITY INVESTMEN P    
3.521 SH - SPDR BARCLAYS INTERMEDIAT P 2015-10-09 2015-12-18
3.347 SH - SPDR BARCLAYS INTERMEDIAT P 2013-08-09 2015-12-18
3.32 SH - SPDR BARCLAYS INTERMEDIATE P 2014-09-10 2015-12-18
6 SH - SYSCO CORPORATION P 2011-02-28 2015-10-28
2 SH - AMAZON COM INC P 2014-02-12 2015-07-22
100 SH - SYSCO CORPORATION P 2014-02-07 2015-03-30
6 SH - CANADIAN NATURAL RESOURCES LT P 2007-12-14 2015-01-09
54000 UNITS - US TREASURY NOTES P 2014-10-14 2015-08-25
2000 UNITS - FNMA PASS THRU POOL P 2013-02-13 2015-01-12
3000 UNITS - US TREASURY INFLATION I P 2013-09-17 2015-01-09
146 SH - HILTON WORLDWIDE HOLDINGS I P    
129 SH - CUBESMART P    
42 SH - NATIONAL HEALTH INVS INC P    
32 SH - SIMON PROPERTY GROUP REIT IN P    
600 SH - ALEXANDER & BALDWIN INC P 2012-07-02 2015-08-28
3.456 SH - SPDR BARCLAYS INTERMEDIAT P 2013-09-11 2015-12-18
3.376 SH - SPDR BARCLAYS INTERMEDIAT P 2014-10-09 2015-12-18
3 SH - TARGET CORP P 2011-02-28 2015-10-28
6 SH - AMAZON COM INC P 2014-02-12 2015-08-04
20 SH - UNITEDHEALTH GROUP INC P 2013-02-06 2015-06-19
52 SH - CANADIAN NATURAL RESOURCES L P 2009-08-28 2015-01-09
4000 UNITS - FNMA PASS THRU POOL P 2014-01-15 2015-01-12
5000 UNITS - FNMA PASS THRU POOL P 2013-11-08 2015-01-12
4000 UNITS - US TREASURY INFLATION I P 2013-10-29 2015-01-09
78 SH - HOST HOTELS & RESORTS P    
525 SH - DDR CORP P    
123 SH - NATIONAL RETAIL PPTYS INC P    
45.15267 SH - WP GLIMCHER INC P    
1350 SH - FIRST TRUST SELECT DSIP PO P 2014-10-15 2015-12-15
3.466 SH - SPDR BARCLAYS INTERMEDIAT P 2013-10-09 2015-12-18
3.337 SH - SPDR BARCLAYS INTERMEDIAT P 2014-11-12 2015-12-18
3 SH - VF CORPORATION P 2011-02-28 2015-10-28
3 SH - AMAZON COM INC P 2014-02-12 2015-09-14
38 SH - UNITEDHEALTH GROUP INC P 2013-02-06 2015-10-30
22 SH - COSTCO WHSL CORP NEW COM P 2004-01-20 2015-01-16
15000 UNITS - US TREASURY INFLATION P 2015-01-12 2015-07-31
3000 UNITS - FNMA PASS THRU POOL P 2013-09-16 2015-01-12
6000 UNITS - US TREASURY INFLATION I P 2013-12-10 2015-01-09
52 SH - KILROY RLTY CORP REIT P    
28 SH - EASTGROUP PPTYS INC REIT P    
170 SH - PIEDMONT OFFICE RLTY TR INC P    
2.683 SH - MATSON INC P 2015-03-05 2015-12-14
3.605 SH - MATSON INC P 2013-06-06 2015-12-14
3.372 SH - SPDR BARCLAYS INTERMEDIAT P 2013-11-12 2015-12-18
3.379 SH - SPDR BARCLAYS INTERMEDIAT P 2014-12-09 2015-12-18
154 SH - CABOT OIL & GAS P 2015-05-19 2015-12-21
6 SH - AMAZON COM INC P 2014-04-17 2015-09-14
6 SH - UNITEDHEALTH GROUP INC P 2013-05-29 2015-10-30
86 SH - EOG RESOURCES INC P 2004-01-20 2015-08-12
38000 UNITS - US TREASURY INFLATION P 2015-01-12 2015-11-05
12000 UNITS - FNMA PASS THRU POOL P 2013-09-27 2015-07-31
8 SH - AMERICAN CAMPUS COMMUNITIES P 2015-06-02  
165 SH - PARAMOUNT GRP INC P    
83 SH - EMPIRE STATE REALTY TRUST I P    
145.503 SH - PROLOGIS INC P    
2.476 SH - MATSON INC P 2015-06-04 2015-12-14
3.539 SH - MATSON INC P 2013-09-05 2015-12-14
3.434 SH - SPDR BARCLAYS INTERMEDIAT P 2013-12-10 2015-12-18
410 SH - BANK OF HAWAII CORP P 2003-12-17 2015-12-15
0.069 SH - GOOGLE CL C NON-VOTING P 2015-05-01 2015-05-04
3 SH - AMAZON COM INC P 2014-04-17 2015-11-18
11 SH - VALEANT PHARMACEUTICALS INTL P 2014-03-19 2015-08-27
12 SH - EXPRESS SCRIPTS HLDG CO P 2010-05-07 2015-07-29
31000 UNITS - US TREASURY NOTES P 2014-09-26 2015-11-05
72000 UNITS - FNMA PASS THRU POOL P 2012-10-05 2015-01-12
28 SH - BROOKDALE SENIOR LIVING INC P   2015-02-02
35 SH - PIEDMONT OFFICE RLTY TR INC P   2015-08-13
19 SH - ESSEX PROPERTY TRUST INC REI P    
34 SH - PUBLIC STORAGE INC REIT P    
3.038 SH - MATSON INC P 2015-09-03 2015-12-14
4.031 SH - MATSON INC P 2013-12-05 2015-12-14
3.356 SH - SPDR BARCLAYS INTERMEDIAT P 2014-01-07 2015-12-18
286 SH - CHEVRON CORPORATION P 2003-12-17 2015-12-15
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 193   176 17
b 5,236   4,387 849
c 8,457   5,607 2,850
d 3,276   2,750 526
e 1,856   1,031 825
36,486   35,439 1,047
873   895 -22
3,809   3,972 -163
3,129   2,860 269
6,479   5,067 1,412
4,592   3,921 671
109   114 -5
178   98 80
95   97 -2
23,271   17,809 5,462
1,413   1,020 393
5,301   4,900 401
701   815 -114
3,062   2,776 286
2,740   1,449 1,291
4,423   4,291 132
3,150   3,341 -191
18   18  
5,011   5,303 -292
7,800   5,369 2,431
293   241 52
108   113 -5
178   98 80
15   16 -1
2,872   2,201 671
1,734   1,257 477
1,844   1,636 208
4,486   4,696 -210
4   3 1
1,375   468 907
32,783   32,092 691
12,637   13,947 -1,310
925   877 48
8,445   9,910 -1,465
1,865   1,635 230
7,238   5,090 2,148
115   120 -5
168   105 63
110   114 -4
26   8 18
874   530 344
2,058   2,150 -92
1,885   1,498 387
3   2 1
1,308   467 841
5,464   5,373 91
8,425   9,403 -978
1,153   1,034 119
558   548 10
6,439   6,033 406
5,682   4,505 1,177
111   116 -5
133   106 27
114   117 -3
48,471   45,862 2,609
213   156 57
2,837   1,968 869
1,270   1,037 233
1,700   441 1,259
727   168 559
9,001   10,126 -1,125
12,446   13,225 -779
1,820   1,634 186
7,378   4,805 2,573
2,821   2,456 365
1,294   1,252 42
111   116 -5
111   117 -6
110   113 -3
9,756   10,000 -244
222   115 107
3   3  
688   261 427
841   892 -51
34,483   35,325 -842
592   631 -39
24,892   26,656 -1,764
350   382 -32
2,988   2,246 742
26   23 3
337   397 -60
109   112 -3
111   117 -6
112   116 -4
4,617   2,302 2,315
4,314   3,798 516
3,254   2,608 646
168   179 -11
12,171   12,515 -344
2,801   2,648 153
33,847   34,138 -291
3,045   2,840 205
4,742   4,269 473
4,556   3,677 879
4,257   2,703 1,554
112   115 -3
68   70 -2
112   116 -4
194   134 60
1,462   520 942
1,251   978 273
2,103   2,278 -175
6,969   6,940 29
7,466   8,267 -801
5,973   5,913 60
4,990   4,428 562
1,225   998 227
1,896   1,090 806
1,565   714 851
112   115 -3
43   44 -1
111   115 -4
206   128 78
2,044   783 1,261
1,356   1,147 209
1,682   1,842 -160
4,978   4,963 15
1,903   1,805 98
2,987   2,955 32
216   189 27
1,751   1,391 360
3,335   2,809 526
184   134 50
113   116 -3
113   115 -2
110   114 -4
4,900   2,219 2,681
681   409 272
829   587 242
589   387 202
996   996  
1,695   1,712 -17
996   981 15
409   405 4
2,705   2,387 318
3,205   2,634 571
431   252 179
116   119 -3
111   113 -2
110   113 -3
248   166 82
975   698 277
3,811   3,540 271
168   205 -37
53,985   53,798 187
1,805   1,824 -19
2,987   2,952 35
4,215   3,446 769
2,998   1,869 1,129
2,501   2,495 6
6,042   1,371 4,671
20,140   20,383 -243
114   115 -1
111   116 -5
228   156 72
3,198   2,094 1,104
2,409   1,147 1,262
1,458   1,537 -79
4,034   3,835 199
4,632   4,431 201
3,982   3,963 19
1,599   1,842 -243
8,789   7,968 821
4,605   4,455 150
751   304 447
13,513   13,365 148
114   117 -3
110   114 -4
203   85 118
1,560   1,047 513
4,548   2,180 2,368
3,060   801 2,259
16,098   16,125 -27
2,958   2,779 179
5,973   5,953 20
3,365   3,698 -333
1,623   1,682 -59
3,063   3,243 -180
117   106 11
157   90 67
111   114 -3
112   115 -3
2,465   5,399 -2,934
3,121   1,950 1,171
718   380 338
6,751   1,007 5,744
40,781   40,918 -137
1,095   1,154 -59
320   316 4
2,935   3,069 -134
1,486   1,099 387
6,044   4,872 1,172
108   107 1
154   97 57
113   116 -3
25,394   12,751 12,643
38     38
1,972   975 997
2,552   1,546 1,006
1,111   589 522
31,441   30,548 893
54,620   57,022 -2,402
947   991 -44
638   695 -57
4,242   2,738 1,504
6,702   5,104 1,598
132   114 18
175   97 78
111   113 -2
25,482   6,759 18,723
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       17
b       849
c       2,850
d       526
e       825
      1,047
      -22
      -163
      269
      1,412
      671
      -5
      80
      -2
      5,462
      393
      401
      -114
      286
      1,291
      132
      -191
       
      -292
      2,431
      52
      -5
      80
      -1
      671
      477
      208
      -210
      1
      907
      691
      -1,310
      48
      -1,465
      230
      2,148
      -5
      63
      -4
      18
      344
      -92
      387
      1
      841
      91
      -978
      119
      10
      406
      1,177
      -5
      27
      -3
      2,609
      57
      869
      233
      1,259
      559
      -1,125
      -779
      186
      2,573
      365
      42
      -5
      -6
      -3
      -244
      107
       
      427
      -51
      -842
      -39
      -1,764
      -32
      742
      3
      -60
      -3
      -6
      -4
      2,315
      516
      646
      -11
      -344
      153
      -291
      205
      473
      879
      1,554
      -3
      -2
      -4
      60
      942
      273
      -175
      29
      -801
      60
      562
      227
      806
      851
      -3
      -1
      -4
      78
      1,261
      209
      -160
      15
      98
      32
      27
      360
      526
      50
      -3
      -2
      -4
      2,681
      272
      242
      202
       
      -17
      15
      4
      318
      571
      179
      -3
      -2
      -3
      82
      277
      271
      -37
      187
      -19
      35
      769
      1,129
      6
      4,671
      -243
      -1
      -5
      72
      1,104
      1,262
      -79
      199
      201
      19
      -243
      821
      150
      447
      148
      -3
      -4
      118
      513
      2,368
      2,259
      -27
      179
      20
      -333
      -59
      -180
      11
      67
      -3
      -3
      -2,934
      1,171
      338
      5,744
      -137
      -59
      4
      -134
      387
      1,172
      1
      57
      -3
      12,643
      38
      997
      1,006
      522
      893
      -2,402
      -44
      -57
      1,504
      1,598
      18
      78
      -2
      18,723
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 101,266
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -2,151
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 123,250 3,148,370 0.039147
2013 135,250 3,131,113 0.043196
2012 123,800 3,089,762 0.040068
2011 165,180 3,076,413 0.053692
2010 191,017 3,082,519 0.061968
2
Total of line 1, column (d) .....................
20.238071
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.047614
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,125,442
5
Multiply line 4 by line 3......................
5
148,815
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,851
7
Add lines 5 and 6........................
7
150,666
8
Enter qualifying distributions from Part XII, line 4.............
8
185,250
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,851
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,851
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,851
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,100
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 4
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 245
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet245 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
     
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletHI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTATSUGUCHI CPA LLC Telephone no.bullet (808) 589-2100

    Located atbullet1314 S KING ST STE 662HONOLULUHI ZIP+4bullet96814
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DENNIS X CHAI PRESIDENT
    1.00     		10,200 0 0
    46-306 KUPALE ST
    KANEOHE,HI96744
    ARTHUR Y SHIDA VP & TREAS
    1.00     		10,200 0 0
    1611 KUHILANI ST
    HONOLULU,HI96821
    BART M KOZA SECRETARY
    1.00     		10,200 0 0
    PO BOX 240908
    HONOLULU,HI96824
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 UNIVERSITY OF HAWAII FOUNDATION - SEE PART XV (PAGE 11) FOR THE VARIOUS UH PROGRAMS/DEPARTMENTS THAT BENEFITED. 145,000
    2 COLLEGE SCHOLARSHIPS FUNDED BY THE FOUNDATION BUT DISBURSED BY THE HAWAII COMMUNITY FOUNDATION. SEE PART XV (PAGE 11) FOR ADDITIONAL EXPLANATION. 17,300
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,062,605
    b
    Average of monthly cash balances.......................
    1b
    110,433
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,173,038
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,173,038
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    47,596
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,125,442
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    156,272
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    156,272
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,851
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,851
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    154,421
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    154,421
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    154,421
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    185,250
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    185,250
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    1,851
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    183,399
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 154,421
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,520
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 185,250
    a Applied to 2014, but not more than line 2a 4,520
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount..... 154,421
    e Remaining amount distributed out of corpus 26,309
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 26,309
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		26,309
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 26,309
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DR ALVIN MONICA SAAKE FOUNDATION
    C/O HAWAII COMMUNITY FOUNDATION
    1164 BISHOP ST STE 800
    HONOLULU,HI96813
    (808) 537-6333
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS MUST SUBMIT THEIR COLLEGE AND/OR GRADUATE TRANSCRIPTS AND THEIR PERSONAL STATEMENT.
    cAny submission deadlines:
    APPLICATIONS ARE DUE MARCH 31ST EVERY YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANT MUST BE A JUNIOR, SENIOR OR GRADUATE STUDENT WITH A GPA OF 3.0 OR HIGHER. THE MUST HAVE A FINANCIAL NEED AND BE STUDYING IN THE AREAS OF KINESIOLOGY AND PHYSICAL SCIENCES (E.G., PHYSICAL THERAPY, OCCUPATIONAL THERAPY, EXERCISE SCIENCE, SPORTS MEDICINE & ETC.).
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HAWAII COMMUNITY FOUNDATI
    1164 BISHOP ST STE 800
    HONOLULU,HI96813     		NONE PUBLIC CHARI DISBURSEMENT OF SCHOLARSHIPS 17,300
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI GENERAL 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI INTRAMURAL SPORTS PROGRAM 10,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI ATHLETIC DIRECTOR'S FUND 15,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI UH ATHLETIC TRAINING ROOM 55,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI WARRIOR GOLF BOOSTER CLUB FUND 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI STRENGTH & CONDITIONING ROOM 15,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI MEN'S BASKETBALL 20,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI UH-M ATHLETIC DEPT EQPT ROOM FUND 5,000
    UNIVERSITY OF HAWAII FOUN
    2444 DOLE ST BACHMAN HAL
    HONOLULU,HI96822     		NONE PUBLIC CHARI KINESIOLOGY & REHAB 15,000
    Total .................................bullet 3a 162,300
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 34,963  
    4 Dividends and interest from securities....     14 94,243  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 747  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 101,266  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   231,219  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13231,219
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    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 taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 3,395 3,395    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7304    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO ADVISORS - 7113 417,117 417,117
    WELLS FARGO ADVISORS - 7177 759,578 759,578
    WELLS FARGO ADVISORS - 7239 247,595 247,595
    WELLS FARGO ADVISORS - 7304 199,763 199,763
    WELLS FARGO ADVISORS - 0778 176,599 176,599

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    US Government Securities - End of Year Book Value:

    792,759
    US Government Securities - End of Year Fair Market Value:

    792,759
    State & Local Government Securities - End of Year Book Value:


    195,349
    State & Local Government Securities - End of Year Fair Market Value:


    195,349


    TY 2015 InvestmentsOtherSchedule2
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WELLS FARGO 7304 EQUITY TRUSTS FMV 26,606 26,606
    WELLS FARGO 7304 FOREIGN BONDS FMV 69,560 69,560

    TY 2015 LegalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 180 180    


    TY 2015 OtherAssetsSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INCOME RECEIVABLE 4,887    


    TY 2015 OtherDecreasesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Description Amount
    UNREALIZED LOSSES 205,884


    TY 2015 OtherIncomeSchedule2
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NON-DIVIDEND DISTRIBUTIONS 747 747 747


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 27,588 27,588    


    TY 2015 TaxesSchedule
    Name:
    DR ALVIN & MONICA SAAKE FOUNDATION
     
    C/O ARTHUR SHIDA
    EIN:
    73-1671840
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 67 67    
    FEDERAL INVESTMENT TAX 1,408 1,408