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 private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015
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)
PO BOX 3466
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96801
D Employer identification number

99-0073480
E Telephone number

G Gross receipts $ 5,017,453,731
F Name and address of principal officer:
LIVINGSTON SM WONG
PO BOX 3466
HONOLULU,HI96801
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.KSBE.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
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 5
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 3,826
6 Total number of volunteers (estimate if necessary) ............. 6 2,920
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a -9,492,289
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -10,163,495
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 568,991 100,308
9 Program service revenue (Part VIII, line 2g) ......... 31,313,802 35,161,845
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 768,749,588 613,488,843
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 114,387,903 118,399,375
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 915,020,284 767,150,371
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 68,704,641 74,168,476
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) 186,355,877 185,607,291
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).... 177,818,017 173,421,743
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 432,878,535 433,197,510
19 Revenue less expenses. Subtract line 18 from line 12....... 482,141,749 333,952,861
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 9,027,951,453 9,072,343,453
21 Total liabilities (Part X, line 26)............. 565,629,082 653,359,263
22 Net assets or fund balances. Subtract line 21 from line 20..... 8,462,322,371 8,418,984,190
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 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line 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 $ 295,863,293 including grants of $ 74,168,476 ) (Revenue $ 40,135,399 )
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 KINDERGARTEN THROUGH GRADE 12 AND 30 PRESCHOOLS. FOR OVER ONE-HUNDRED AND TWENTY-NINE 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 expensesMediumBullet295,863,293
Form 990 (2014)
Form 990 (2014)
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 other assistance to or for any foreign organization? 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 other assistance to or for foreign individuals? 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 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government 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 or other assistance to or for domestic individuals 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 25a................
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), 501(c)(4), and 501(c)(29) 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
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 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
Yes
 
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
 
No
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 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
955
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
Yes
 
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
3,826
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” to line 3b, 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: MediumBulletAS , BE , BR , CA , CI , CH , CO , EZ , EG , FI
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
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.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring 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 (2014)
Form 990 (2014)
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 or note to any line 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
5
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, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletKELI'I ANDERSON
PO BOX 3466
HONOLULU,HI96801 (808) 523-6200
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) LANCE WILHELM........................................................................
TRUSTEE
 20.0
.......................0.0 		X           170,500 0 0
(2) CORBETT KALAMA........................................................................
TRUSTEE
 20.0
.......................0.0 		X           151,500 0 0
(3) MICAH KANE........................................................................
TRUSTEE
 20.0
.......................1.0 		X           157,500 0 0
(4) ROBERT NOBRIGA........................................................................
TRUSTEE
 20.0
.......................0.0 		X           151,500 0 0
(5) JANEEN-ANN OLDS........................................................................
TRUSTEE
 20.0
.......................1.0 		X           182,000 0 0
(6) L JACK WONG........................................................................
CEO
 50.0
.......................1.0 		    X       451,046 0 52,868
(7) MARSHA BOLSON........................................................................
VP-COM RELAT./COMM. THRU 06/15
 50.0
.......................0.0 		    X       176,045 0 33,738
(8) D ROD CHAMBERLAIN........................................................................
VP - CAMPUS EDUCATION
 50.0
.......................0.0 		    X       331,438 0 47,192
(9) KEVIN COCKETT........................................................................
VP-COMMUNICATIONS AS OF 06/15
 50.0
.......................0.0 		    X       0 0 0
(10) T KA'EO DUARTE........................................................................
VP-COMM. ENGAGEMENT
 50.0
.......................0.0 		    X       167,450 0 29,552
(11) RANDIE FONG........................................................................
VP - HAWAIIAN CULTURAL AFFAIRS
 50.0
.......................0.0 		    X       150,777 0 42,864
(12) ELIZABETH HOKADA........................................................................
VP - ENDOWMENT
 50.0
.......................0.0 		    X       716,603 0 155,771
(13) DARREL HOKE........................................................................
EVP - ADMIN. AS OF 4/15
 50.0
.......................0.0 		    X       305,914 0 25,812
(14) SYLVIA HUSSEY........................................................................
VP - ADMIN. THRU 07/14
 50.0
.......................0.0 		    X       297,062 0 31,749
(15) JOY KONO........................................................................
INTERIM VP - ADMINISTRATION
 50.0
.......................0.0 		    X       143,107 0 32,427
(16) LAUREN NAHME........................................................................
VP-STRAT/INNOVATION
 50.0
.......................0.0 		    X       175,788 0 32,539
(17) CHRISTOPHER PATING........................................................................
VP-STRAT PLAN/IMPLT THRU 01/15
 50.0
.......................0.0 		    X       375,745 0 44,253
Form 990 (2014)
Form 990 (2014)
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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) BENJAMIN SALAZAR........................................................................
VP & CHIEF FINANCIAL OFFICER
 50.0
.......................1.0 		    X       236,403 0 34,625
(19) M WAI'ALE'ALE SARSONA........................................................................
INTERIM VP - STRAT PLAN & IMP
 50.0
.......................0.0 		    X       96,283 0 32,819
(20) ERIC SONNENBERG........................................................................
VP - LEGAL SVS & GEN. COUNSEL
 50.0
.......................0.0 		    X       184,236 0 34,800
(21) R HOLOUA STENDER........................................................................
EVP - EDUCATION
 50.0
.......................0.0 		    X       235,146 0 83,969
(22) SCOTT TOPPING........................................................................
EVP-FINANCE & CFO AS OF 06/15
 50.0
.......................0.0 		    X       0 0 0
(23) WINONA WHITE........................................................................
VP - HUMAN RESOURCES
 50.0
.......................0.0 		    X       234,668 0 13,330
(24) LEE ANN DELIMA........................................................................
HEAD OF SCHOOL - MAUI CAMPUS
 50.0
.......................1.0 		      X     237,865 0 44,184
(25) EARL KIM........................................................................
HEAD OF SCHOOL - KAPALAMA CAMP
 50.0
.......................0.0 		      X     262,193 0 20,849
(26) BURTON YUEN........................................................................
SR.DIRECTOR - FINANCIAL ASSETS
 50.0
.......................0.0 		      X     480,600 0 110,543
(27) JON IWATANI........................................................................
INVESTMENT ASSOC DIR. - FAD
 50.0
.......................0.0 		        X   293,834 0 32,492
(28) H RYAN LEE........................................................................
INVESTMENT ASSOC DIR. - FAD
 50.0
.......................0.0 		        X   290,417 0 35,452
(29) M'LISS MOORE........................................................................
INVESTMENT DIRECTOR - FAD
 50.0
.......................0.0 		        X   350,579 0 25,877
(30) PAUL QUINTILIANI........................................................................
SR DIR - COMM. R.E. THRU 09/14
 50.0
.......................0.0 		        X   343,735 0 39,016
(31) WILLIAM ZIOMEK........................................................................
INVESTMENT DIRECTOR - FAD
 50.0
.......................0.0 		        X   322,384 0 30,017
(32) DEE JAY MAILER........................................................................
CEO - THROUGH 04/01/14
 50.0
.......................0.0 		          X 265,644 0 23,809
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 7,937,962 0 1,090,547
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet173
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
SWINERTON BUILDERS,
1003 BISHOP ST STE 1340
HONOLULU,HI96813 		CONSTRUCTION SERVICE 27,760,297
RAM CORP DBA ALLIED BUILDERS SYST,
1717 AKAHI ST 2ND FL
HONOLULU,HI96819 		CONSTRUCTION SERVICE 10,673,409
HAWAIIAN DREDGING CONSTRUCTION COMP,
PO BOX 4088
HONOLULU,HI96812 		CONSTRUCTION SERVICE 7,343,445
DESIGNER BUILD SYSTEMS INC,
540 LAGOON DRIVE 101
HONOLULU,HI96819 		CONSTRUCTION SERVICE 6,314,811
NORDIC PCL CONSTRUCTION INC,
1099 ALAKEA STREET STE 1560
HONOLULU,HI96813 		CONSTRUCTION SERVICE 5,648,380
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet253
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		100,308
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 100,308
Program Service RevenueAmt Business Code
2a TUITION 611600 27,924,620 27,924,620    
b STUDENT FEES 611600 6,565,442 6,565,442    
c BOOKSTORE 611600 345,103 345,103    
d FOOD SERVICES 611600 196,761 196,761    
e INTEREST INCOME 611600 127,161 127,161    
f All other program service revenue . 2,758 2,758    
g Total. Add lines 2a–2f........MediumBullet 35,161,845
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 89,730,780   -10,251,631 99,982,411
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 443,137     443,137
(i) Real (ii) Personal
6a Gross rents 222,324,860  
b Less: rental expenses 111,545,124  
c Rental income or (loss) 110,779,736 0
d Net rental income or (loss).......MediumBullet 110,779,736     110,779,736
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 4,502,215,151 160,074,209
b Less: cost or other basis and sales expenses 4,138,063,816 467,481
c Gain or (loss) 364,151,335 159,606,728
d Net gain or (loss)..........MediumBullet 523,758,063     523,758,063
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a 601,212
b Less: direct expenses ...b 226,939
c Net income or (loss) from fundraising events..MediumBullet 374,273   374,273
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 3,002,882 2,984,205 18,677  
b STUDENT ACTIVITIES 611600 1,989,349 1,989,349    
c PARKING 812930 713,904   713,904  
d All other revenue .... 1,096,094   26,761 1,069,333
e Total. Add lines 11a–11d ...... MediumBullet 6,802,229
12 Total revenue. See Instructions......MediumBullet 767,150,371 40,135,399 -9,492,289 736,406,953
Form 990 (2014)
Form 990 (2014)
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 or note to any line 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 domestic organizations and domestic governments. See Part IV, line 21 .... 23,685,856 23,685,856
2 Grants and other assistance to domestic individuals. See Part IV, line 22 .... 50,482,620 50,482,620
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............ 0  
4 Benefits paid to or for members .... 0  
5 Compensation of current officers, directors, trustees, and key employees .... 7,064,542 1,156,329 5,908,213  
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      
7 Other salaries and wages .... 140,422,238 107,054,978 33,367,260  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 6,068,516 4,452,314 1,616,202  
9 Other employee benefits ....... 21,274,494 15,608,548 5,665,946  
10 Payroll taxes ........... 10,777,501 7,907,175 2,870,326  
11 Fees for services (non-employees):        
a Management ...... 494,826   494,826  
b Legal ......... 3,975,066 801 3,974,265  
c Accounting ........... 307,781   307,781  
d Lobbying ........... 37,504   37,504  
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 29,762,032   29,762,032  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 23,922,302 7,879,160 16,043,142  
12 Advertising and promotion .... 686,008 183,150 502,858  
13 Office expenses ....... 7,592,333 675,585 6,916,748  
14 Information technology ...... 6,938,964 338,009 6,600,955  
15 Royalties .. 0      
16 Occupancy ........... 12,807,866 8,393,425 4,414,441  
17 Travel ............ 3,464,602 2,064,981 1,399,621  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 1,708,225 1,155,086 553,139  
20 Interest ........... 7,421,749 7,421,625 124  
21 Payments to affiliates ....... 114,372 114,372    
22 Depreciation, depletion, and amortization ..... 36,995,511 32,309,486 4,686,025  
23 Insurance .............. 3,119,517 2,676,063 443,454  
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 12,315,710 9,988,810 2,326,900  
b REPAIRS & MAINTENANCE 12,262,729 8,199,849 4,062,880  
c STUDENT EXPENSES 4,473,940 2,253,620 2,220,320  
d MISCELLANEOUS 905,690 609,837 295,853  
e All other expenses 4,115,016 1,251,614 2,863,402  
25 Total functional expenses. Add lines 1 through 24e 433,197,510 295,863,293 137,334,217 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 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 24,017 1 19,246
2 Savings and temporary cash investments ......... 44,560,686 2 18,808,154
3 Pledges and grants receivable, net ........... 0 3 0
4 Accounts receivable, net ............. 18,205,153 4 15,870,631
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 ............. 52,461 7 83,912
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 113,018,663 9 117,120,277
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,460,322,817
b Less: accumulated depreciation ..... 10b 574,359,494 891,567,784 10c 885,963,323
11 Investments—publicly traded securities .......... 2,331,004,026 11 1,680,141,197
12 Investments—other securities. See Part IV, line 11 ..... 5,565,947,317 12 6,183,766,680
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 ........... 63,571,346 15 170,570,033
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 9,027,951,453 16 9,072,343,453
Liabilities 17 Accounts payable and accrued expenses ......... 82,442,860 17 55,863,148
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 131,129,685 19 184,874,644
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 .. 244,547,619 23 193,761,905
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.................... 107,508,918 25 218,859,566
26 Total liabilities. Add lines 17 through 25......... 565,629,082 26 653,359,263
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 .............. 8,462,322,371 27 8,418,984,190
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 ........... 8,462,322,371 33 8,418,984,190
34 Total liabilities and net assets/fund balances ........ 9,027,951,453 34 9,072,343,453
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
767,150,371
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
433,197,510
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
333,952,861
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
8,462,322,371
5
Net unrealized gains (losses) on investments ...............
5
-344,118,902
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
-33,172,140
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
8,418,984,190
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
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 Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
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 listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
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) 2014
Schedule A (Form 990 or 990-EZ) 2014
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) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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 VI.)..            
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 section 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) 2014
Schedule A (Form 990 or 990-EZ) 2014
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) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (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 VI.) ..            
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) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2014

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.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 its Form 990PF, Part I, line 2, 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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
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


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
TRUSTEES OF THE ESTATE OF BERNICE PAUAHI
BISHOP 		Employer identification number

99-0073480
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. 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) (2014)

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 Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), 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) 2014

Schedule C (Form 990 or 990-EZ) 2014
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) ...... 3,154  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 43,123  
c Total lobbying expenditures (add lines 1a and 1b) ................... 46,277  
d Other exempt purpose expenditures ........................ 544,252,090  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 544,298,367  
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 separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (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 85,775 54,980 59,556 46,277 246,588
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 32 0   3,154 3,186
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
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
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, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2014

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.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
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)
Revenue 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
Revenue 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) 2014

Schedule D (Form 990) 2014
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, for escrow or custodial account liability?
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 .... 13,844,609 11,969,919 9,779,312 9,421,444 7,719,590
b Contributions ........ 4,426,295 596,273 1,155,169 371,499 577,553
c Net investment earnings, gains, and losses -456,231 1,638,222 1,218,103 269,139 1,345,285
d Grants or scholarships ..... 26,734 359,805 182,665 282,770 220,984
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ...... 17,787,939 13,844,609 11,969,919 9,779,312 9,421,444
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 Bullet50.000 %
c
Temporarily restricted endowment SchDMd Bullet45.000 %
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. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. 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 ................. 0 98,317,543 98,317,543
b Buildings ................ 0 1,209,067,825 526,211,250 682,856,575
c Leasehold improvements ............ 0 0 0 0
d Equipment ................   83,752,924 47,961,319 35,791,605
e Other ................. 0 69,184,525 186,925 68,997,600
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 885,963,323
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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 		3,760,959,655 F

(B) PRIVATE EQUITY FUNDS 		1,618,659,628 F

(C) COMMINGLED FUNDS 		662,014,218 F

(D) OTHER 		142,133,179 F





Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 6,183,766,680
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (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. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. 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. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
ACCRUED PENSION LIABILITY 69,984,651
ACCRUED POST RETIREMENT 53,504,062
DEFERRED COMPENSATION PLAN 6,247,715
STUDENT ACCOUNTS 260
CAPITAL LEASE 13,989,369
A/P - SECURITIES 74,830,882
OTHER LIABILITIES 302,627


Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 218,859,566
2. Liability for uncertain tax positions. 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) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 (losses) 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. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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
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.
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 EXPRESSION -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, 2015 AND 2014, MANAGEMENT BELIEVES THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
Schedule D (Form 990) 2014

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the Treasury
Internal 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.
Right pointing arrow large image Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047 2014Open 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 or Form 990-EZ.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) (2014)
Schedule E (Form 990 or 990EZ) (2014)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide any other additional information (see instructions).
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) (2014)
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 Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 its grants
and other 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 its grants and other assistance 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 174,513,000
East Asia and the Pacific   1 Investments N/A 963,003,000
Europe (Including Iceland and Greenland)     Investments N/A 1,331,867,000
Middle East and North Africa     Investments N/A 21,494,000
North America     Investments N/A 164,674,000
Russia and the Newly Independent States     Investments N/A 4,118,000
South America     Investments N/A 102,470,000
South Asia   1 Investments N/A 291,767,000
Sub-Saharan Africa     Investments N/A 58,396,000
           
           
           
           
           
           
           
           
3a Sub-total .....   2 3,112,302,000
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)   2 3,112,302,000
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
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)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
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) 2014
Schedule F (Form 990) 2014Page 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) 2014
Schedule F (Form 990) 2014
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 organization may 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; do not file with Form 990)............................
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, Information 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; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
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).
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2014
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. right arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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. Form 990-EZ
filers are not required to complete this part.
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 contributions 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) 2014
Schedule G (Form 990 or 990-EZ) 2014
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 ACTIVTY
(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 . . . 601,212     601,212
2 Less: Contributions . .        
3 Gross income (line 1
minus line 2) . . . 		601,212     601,212
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . . 1,451     1,451
6 Rent/facility costs . . 2,993     2,993
7 Food and beverages .        
8 Entertainment . . .        
9 Other direct expenses . 222,495     222,495
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 226,939
11 Net income summary. Subtract line 10 from line 3, column (d)........... right arrow 374,273
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. Subtract line 7 from line 1, column (d) ......... right arrow  
9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct 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) 2014
Schedule G (Form 990 or 990-EZ) 2014
Page 3
11
Does the organization conduct 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 activities conducted 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. 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 provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2014
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.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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 Domestic Organizations and Domestic Governments. 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 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) 1,782,500   N/A N/A EDUCATIONAL SUPPORT
(2) AFTER SCHOOL ALL STARS
4747 KILAUEA AVENUE
HONOLULU,HI96816 		27-4604870 501 ( C ) (3) 60,000   N/A N/A EDUCATIONAL SUPPORT
(3) ALU LIKE INC
2969 MAPUNAPUNA PLACE
HONOLULU,HI96819 		51-0151095 501 ( C ) (3) 1,632,800   N/A N/A EDUCATIONAL SUPPORT
(4) BIG BROTHERS BIG SISTERS HAWAII INC
418 KUWILI STREET
HONOLULU,HI96817 		99-0109970 501 ( C ) (3) 50,000   N/A N/A EDUCATIONAL SUPPORT
(5) BOYS AND GIRLS CLUB OF HAWAII
345 QUEEN STREET
PMB 285
HONOLULU,HI96813 		99-6005407 501 ( C ) (3) 125,000   N/A N/A EDUCATIONAL SUPPORT
(6) CHAMINADE UNIVERSITY
3140 WAIALAE AVENUE
SUITE 900
HONOLULU,HI96816 		99-0272261 501 ( C ) (3) 61,128   N/A N/A EDUCATIONAL SUPPORT
(7) FRIENDS OF THE LEEWARD COAST PUBLIC CHARTER SCHOOL
92-1480 ALIINUI DRIVE
KAPOLEI,HI96707 		20-0090779 501 ( C ) (3) 920,900   N/A N/A EDUCATIONAL SUPPORT
(8) GOOD BEGINNINGS ALLIANCE
850 RICHARDS STREET
HONOLULU,HI96813 		94-3257650 501 ( C ) (3) 150,000   N/A N/A EDUCATIONAL SUPPORT
(9) HI ASSN FOR THE ED OF YOUNG CHILDREN
1806 N KING STREET
SUITE 201
HONOLULU,HI96826 		23-7425746 501 ( C ) (3) 100,000   N/A N/A EDUCATIONAL SUPPORT
(10) HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS
PO BOX 2360
SUITE 30
HONOLULU,HI96804 		99-0266482 501 ( C ) (3) 125,000   N/A N/A EDUCATIONAL SUPPORT
(11) HAWAII INSTITUTE FOR PUBLIC AFFAIRS
1003 BISHOP STREET
HONOLULU,HI96813 		22-3859306 501 ( C ) (3) 50,000   N/A N/A EDUCATIONAL SUPPORT
(12) HAWAII DEPARTMENT OF EDUCATION
PO BOX 2360
SUITE 765
HONOLULU,HI96804 		99-0266482 GOVT ENTITY 444,280   N/A N/A EDUCATIONAL SUPPORT
(13) HAWAII FOREST INDUSTRY ASSOCIATION
PO BOX 66
STE 200
OOKALA,HI96774 		99-0279337 501 ( C ) (6) 180,300   N/A N/A EDUCATIONAL SUPPORT
(14) HAWAII PUBLIC CHARTER SCHOOLS NETWORK
99-195 OHEKANI LOOP
STE 30
AIEA,HI96701 		99-0344930 501 ( C ) (3) 60,000   N/A N/A EDUCATIONAL SUPPORT
(15) HAWAIIAN SILVERSWORD FOUNDATION
721 N FORGEUS AVENUE
STE 1212
TUCSON,AZ85716 		86-0879183 501 ( C ) (3) 111,250   N/A N/A EDUCATIONAL SUPPORT
(16) HOOKAKOO CORPORATION
PO BOX 37755
HONOLULU,HI96837 		76-0717301 501 ( C ) (3) 1,160,698   N/A N/A EDUCATIONAL SUPPORT
(17) HOOULU LAHUI
PO BOX 2177
PAHOA,HI96778 		99-0323345 501 ( C ) (3) 532,250   N/A N/A EDUCATIONAL SUPPORT
(18) HULIAUAPAA
29-2290 OLD MAMALAHOA HIGHWAY
HAKALAU,HI96710 		45-5486637 501 ( C ) (3) 58,900   N/A N/A EDUCATIONAL SUPPORT
(19) HUI MALAMA O KE KAI
41-477 HIHIMANU STREET
WAIMANALO,HI96795 		99-0356784 501 ( C ) (3) 73,596   N/A N/A EDUCATIONAL SUPPORT
(20) INSTITUTE FOR NATIVE PACIFIC ED AND CULTURE
1001 KAMOKILA BLVD
KAPOLEI,HI96707 		99-0315193 501 ( C ) (3) 1,050,000   N/A N/A EDUCATIONAL SUPPORT
(21) KA HULI O HALOA
PO BOX 1159
SUITE 226
KANEOHE,HI96744 		75-3115246 501 ( C ) (3) 246,300   N/A N/A EDUCATIONAL SUPPORT
(22) KANAKA AUPUNI A NIIHAU ALOHA
PO BOX 74
KEKAHA,HI96752 		99-0349254 501 ( C ) (3) 223,000   N/A N/A EDUCATIONAL SUPPORT
(23) KAI LOA INC
46-500 KUNEKI STREET
STE 226
KANEOHE,HI96744 		20-1632545 501 ( C ) (3) 215,900   N/A N/A EDUCATIONAL SUPPORT
(24) KAMAAHA EDUCATION INITIATIVE
1500 KALANIANAOLE AVENUE
HILO,HI96720 		43-2029008 501 ( C ) (3) 402,500   N/A N/A EDUCATIONAL SUPPORT
(25) KANU I KA PONO INC
PO BOX 12
ANAHOLA,HI96703 		99-0347359 501 ( C ) (3) 367,750   N/A N/A EDUCATIONAL SUPPORT
(26) KANU O KA AINA LEARNING OHANA
PO BOX 6511
KAMUELA,HI96743 		99-0352665 501 ( C ) (3) 1,789,500   N/A N/A EDUCATIONAL SUPPORT
(27) KEAUKAHA COMMUNITY ASSOCIATION
PO BOX 5146
HILO,HI96720 		99-0344099 501 ( C ) (3) 173,000   N/A N/A EDUCATIONAL SUPPORT
(28) KEY PROJECT
47-200 WAIHEE ROAD
SUITE 124
KANEOHE,HI96744 		99-0118209 501 ( C ) (3) 25,100   N/A N/A EDUCATIONAL SUPPORT
(29) KUPU
677 ALA MOANA BLVD
HONOLULU,HI96813 		51-0652665 501 ( C ) (3) 179,500   N/A N/A EDUCATIONAL SUPPORT
(30) LEARNING DISABILITIES ASSOCIATION OF HAWAII
245 N KUKUI STREET
SUITE 1200
HONOLULU,HI96817 		99-0119223 501 ( C ) (3) 100,000   N/A N/A EDUCATIONAL SUPPORT
(31) MA KA HANA KA IKE BUILDING PROGRAM
PO BOX 968
SUITE 205
HANA,HI96713 		02-0556883 501 ( C ) (3) 60,000   N/A N/A EDUCATIONAL SUPPORT
(32) MALAMA LEARNING CENTER
PO BOX 75467
STE E5
KAPOLEI,HI96707 		20-0442056 501 ( C ) (3) 50,000   N/A N/A EDUCATIONAL SUPPORT
(33) MALAMA LOKO 'EA
65-041 HUKILAU LOOP
WAIALUA,HI96791 		27-1307663 501 ( C ) (3) 119,250   N/A N/A EDUCATIONAL SUPPORT
(34) MANA MAOLI
1618 PUNAHOU STREET
HONOLULU,HI96822 		31-1783481 501 ( C ) (3) 283,400   N/A N/A EDUCATIONAL SUPPORT
(35) MAUI FAMILY SUPPORT SERVICES INC
1844 WILI PA LOOP
UNIT 204
WAILUKU,HI96793 		99-0208152 501 ( C ) (3) 75,000   N/A N/A EDUCATIONAL SUPPORT
(36) NA KALAI WAA
65-1206 MAMALAHOA HIGHWAY
KAMUELA,HI96743 		99-0304846 501 ( C ) (3) 135,250   N/A N/A EDUCATIONAL SUPPORT
(37) NA LEO KAKOO O MAUI
PO BOX 1913
SUITE 3-11
WAILUKU,HI96793 		99-0279993 501 ( C ) (3) 75,000   N/A N/A EDUCATIONAL SUPPORT
(38) NA MAKA O PAPAHANAUMOKUAKEA DBA KIDS OF KONA
PO BOX 437195
KAMUELA,HI96743 		20-8944350 501 ( C ) (3) 23,375   N/A N/A EDUCATIONAL SUPPORT
(39) PAEPAE O HEEIA
PO BOX 6355
KANEOHE,HI96744 		71-0903791 501 ( C ) (3) 453,440   N/A N/A EDUCATIONAL SUPPORT
(40) PAPAHANA KUAOLA
46-403 HAIKU ROAD
KANEOHE,HI96744 		20-2565007 501 ( C ) (3) 434,220   N/A N/A EDUCATIONAL SUPPORT
(41) PARTNERS IN DEVELOPMENT FOUNDATION
2040 BACHELOT STREET
HONOLULU,HI96817 		94-3271325 501 ( C ) (3) 772,125   N/A N/A EDUCATIONAL SUPPORT
(42) QUEEN LILIUOKALANI CHILDRENS CENTER
1100 ALAKEA STREET
HONOLULU,HI96813 		99-0078890 501 ( C ) (3) 32,000   N/A N/A EDUCATIONAL SUPPORT
(43) STANFORD WOODS INSTITUTE
473 VIA ORTEGA
SUITE 1100
STANFORD,CA94305 		94-1156365 501 ( C ) (3) 46,350   N/A N/A EDUCATIONAL SUPPORT
(44) SUPPORTING THE LANGUAGE OF KAUAI
PO BOX 245
LIHUE,HI96766 		20-4088998 501 ( C ) (3) 303,002   N/A N/A EDUCATIONAL SUPPORT
(45) TEACH FOR AMERICA INC
315 WEST 35TH STREET
NEW YORK,NY10018 		13-3541913 501 ( C ) (3) 100,000   N/A N/A EDUCATIONAL SUPPORT
(46) THE DOLLYWOOD FOUNDATION
1020 DOLLYWOOD LANE
PIGEON FORGE,TN37863 		62-1348105 501 ( C ) (3) 38,910   N/A N/A EDUCATIONAL SUPPORT
(47) THE KOHALA CENTER
PO BOX 437462
KAMUELA,HI96743 		99-0354676 501 ( C ) (3) 183,500   N/A N/A EDUCATIONAL SUPPORT
(48) THE SALVATION ARMY HAWAIIAN & PACIFIC ISLANDS DIVI
2950 MANOA ROAD
HONOLULU,HI96822 		99-0073540 501 ( C ) (3) 450,000   N/A N/A EDUCATIONAL SUPPORT
(49) ULU MAU PUANUI INC
PO BOX 685
KAMUELA,HI96743 		27-2218803 501 ( C ) (3) 79,720   N/A N/A EDUCATIONAL SUPPORT
(50) ULUHAO O HUALALAI
PO BOX 130
HOLUALOA,HI96725 		46-2014974 501 ( C ) (3) 21,000   N/A N/A EDUCATIONAL SUPPORT
(51) UNIVERSITY OF HAWAII
2500 CAMPUS ROAD
HONOLULU,HI96822 		99-6000354 GOVT ENTITY 568,640   N/A N/A EDUCATIONAL SUPPORT
(52) UNIVERSITY OF HAWAII FOUNDATION
2444 DOLE STREET
HONOLULU,HI96822 		99-0085260 501 ( C ) (3) 683,630   N/A N/A EDUCATIONAL SUPPORT
(53) UNIVERSITY OF HAWAII AT HILO
200 W KAWILI STREET
BACHMAN HALL ROOM 105
HILO,HI96720 		99-6000354 GOVT ENTITY 560,624   N/A N/A EDUCATIONAL SUPPORT
(54) UNIVERSITY OF HAWAII AT MAUI COMMUNITY COLLEGE
310 W KAAHUMANU AVENUE
KAHULUI,HI96732 		99-6000354 GOVT ENTITY 35,601   N/A N/A EDUCATIONAL SUPPORT
(55) WAIANAE COAST EARLY CHILDHOOD SERVICES INC
84-1061 NOHOLIO ROAD
WAIANAE,HI96792 		23-7106164 501 ( C ) (3) 70,000   N/A N/A EDUCATIONAL SUPPORT
(56) WAIANAE COMMUNITY REDEVELOPMENT CORPORATION
86-148 PUHAWAI ROAD
WAIANAE,HI96792 		99-0350803 501 ( C ) (3) 600,000   N/A N/A EDUCATIONAL SUPPORT
(57) WAIMANALO HAWAIIAN HOMES ASSOCIATION
PO BOX 353
BACHMAN HALL 105
WAIMANALO,HI96795 		99-0328584 501 ( C ) (3) 75,000   N/A N/A EDUCATIONAL SUPPORT
(58) WAIPA FOUNDATION
PO BOX 1516
HANALEI,HI96714 		99-0313224 501 ( C ) (3) 471,450   N/A N/A EDUCATIONAL SUPPORT
(59) KE ALI'I PAUAHI FOUNDATION
PO BOX 3466
HONOLULU,HI96801 		94-3263044 501(C)(3) 4,406,588   N/A N/A EDUCATIONAL SUPPORT
(60) STATE OF HAWAII
PO BOX 3466
HONOLULU,HI96801 		GOVT ENTITY 22,744   N/A N/A ROYAL MAUSOLEUM HI
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
59
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
1
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. 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 2408 12,155,898   N/A N/A
(2) SCHOLARSHIPS - KINDERGARTEN 588 2,927,372   N/A N/A
(3) SCHOLARSHIPS - POST-HIGH 2361 11,022,599   N/A N/A
(4) SCHOLARSHIPS - POST BACCALAUREATE 114 1,224,000   N/A N/A
(5) STIPENDS - POST-HIGH 49 73,200   N/A N/A
(6) FINANCIAL AID - KS STUDENTS IN K-12 5059 23,079,551   N/A N/A


Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
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, TRANSPORTATION, AND FEES IS PROVIDED TO STUDENTS WITH A DEMONSTRATED FINANCIAL NEED WHO ACTUALLY ENROLL AND ATTEND KS SCHOOLS.
Schedule I (Form 990) 2014


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, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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
directors, trustees, officers, including 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), 501(c)(4), and 501(c)(29) organizations 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) 2014

Schedule J (Form 990) 2014
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 in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1LANCE WILHELMTRUSTEE (i)
(ii)		 170,500
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		170,500
...............................
0 		0
...............................
0
2CORBETT KALAMATRUSTEE (i)
(ii)		 151,500
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		151,500
...............................
0 		0
...............................
0
3MICAH KANETRUSTEE (i)
(ii)		 157,500
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		157,500
...............................
0 		0
...............................
0
4ROBERT NOBRIGATRUSTEE (i)
(ii)		 151,500
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		151,500
...............................
0 		0
...............................
0
5JANEEN-ANN OLDSTRUSTEE (i)
(ii)		 182,000
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		182,000
...............................
0 		0
...............................
0
6L JACK WONGCEO (i)
(ii)		 317,557
...............................
0 		0
...............................
0 		133,489
...............................
0 		32,726
...............................
0 		20,142
...............................
0 		503,914
...............................
0 		0
...............................
0
7MARSHA BOLSONVP-COM RELAT./COMM. THRU 06/15 (i)
(ii)		 171,183
...............................
0 		0
...............................
0 		4,862
...............................
0 		29,884
...............................
0 		3,854
...............................
0 		209,783
...............................
0 		0
...............................
0
8D ROD CHAMBERLAINVP - CAMPUS EDUCATION (i)
(ii)		 327,233
...............................
0 		1,685
...............................
0 		2,520
...............................
0 		29,262
...............................
0 		17,930
...............................
0 		378,630
...............................
0 		0
...............................
0
9T KA'EO DUARTEVP-COMM. ENGAGEMENT (i)
(ii)		 136,752
...............................
0 		20,983
...............................
0 		9,715
...............................
0 		12,879
...............................
0 		16,673
...............................
0 		197,002
...............................
0 		0
...............................
0
10RANDIE FONGVP - HAWAIIAN CULTURAL AFFAIRS (i)
(ii)		 150,171
...............................
0 		0
...............................
0 		606
...............................
0 		25,983
...............................
0 		16,881
...............................
0 		193,641
...............................
0 		0
...............................
0
11ELIZABETH HOKADAVP - ENDOWMENT (i)
(ii)		 410,203
...............................
0 		301,511
...............................
0 		4,889
...............................
0 		139,727
...............................
0 		16,044
...............................
0 		872,374
...............................
0 		92,452
...............................
0
12DARREL HOKEEVP - ADMIN. AS OF 4/15 (i)
(ii)		 219,864
...............................
0 		83,240
...............................
0 		2,810
...............................
0 		19,321
...............................
0 		6,491
...............................
0 		331,726
...............................
0 		0
...............................
0
13SYLVIA HUSSEYVP - ADMIN. THRU 07/14 (i)
(ii)		 147,258
...............................
0 		0
...............................
0 		149,804
...............................
0 		19,356
...............................
0 		12,393
...............................
0 		328,811
...............................
0 		0
...............................
0
14JOY KONOINTERIM VP - ADMINISTRATION (i)
(ii)		 112,314
...............................
0 		0
...............................
0 		30,793
...............................
0 		14,192
...............................
0 		18,235
...............................
0 		175,534
...............................
0 		0
...............................
0
15LAUREN NAHMEVP-STRAT/INNOVATION (i)
(ii)		 174,825
...............................
0 		0
...............................
0 		963
...............................
0 		13,750
...............................
0 		18,789
...............................
0 		208,327
...............................
0 		0
...............................
0
16CHRISTOPHER PATINGVP-STRAT PLAN/IMPLT THRU 01/15 (i)
(ii)		 374,515
...............................
0 		0
...............................
0 		1,230
...............................
0 		23,319
...............................
0 		20,934
...............................
0 		419,998
...............................
0 		0
...............................
0
17BENJAMIN SALAZARVP & CHIEF FINANCIAL OFFICER (i)
(ii)		 235,563
...............................
0 		0
...............................
0 		840
...............................
0 		17,499
...............................
0 		17,126
...............................
0 		271,028
...............................
0 		0
...............................
0
18ERIC SONNENBERGVP - LEGAL SVS & GEN. COUNSEL (i)
(ii)		 182,440
...............................
0 		0
...............................
0 		1,796
...............................
0 		18,657
...............................
0 		16,143
...............................
0 		219,036
...............................
0 		0
...............................
0
19R HOLOUA STENDEREVP - EDUCATION (i)
(ii)		 215,677
...............................
0 		0
...............................
0 		19,469
...............................
0 		65,960
...............................
0 		18,009
...............................
0 		319,115
...............................
0 		0
...............................
0
20WINONA WHITEVP - HUMAN RESOURCES (i)
(ii)		 207,080
...............................
0 		25,000
...............................
0 		2,588
...............................
0 		9,396
...............................
0 		3,934
...............................
0 		247,998
...............................
0 		0
...............................
0
21LEE ANN DELIMAHEAD OF SCHOOL - MAUI CAMPUS (i)
(ii)		 236,024
...............................
0 		0
...............................
0 		1,841
...............................
0 		27,524
...............................
0 		16,660
...............................
0 		282,049
...............................
0 		0
...............................
0
22EARL KIMHEAD OF SCHOOL - KAPALAMA CAMP (i)
(ii)		 258,422
...............................
0 		0
...............................
0 		3,771
...............................
0 		17,575
...............................
0 		3,274
...............................
0 		283,042
...............................
0 		0
...............................
0
23BURTON YUENSR.DIRECTOR - FINANCIAL ASSETS (i)
(ii)		 347,050
...............................
0 		132,603
...............................
0 		947
...............................
0 		94,219
...............................
0 		16,324
...............................
0 		591,143
...............................
0 		27,543
...............................
0
24JON IWATANIINVESTMENT ASSOC DIR. - FAD (i)
(ii)		 231,515
...............................
0 		61,308
...............................
0 		1,011
...............................
0 		24,015
...............................
0 		8,477
...............................
0 		326,326
...............................
0 		0
...............................
0
25H RYAN LEEINVESTMENT ASSOC DIR. - FAD (i)
(ii)		 228,785
...............................
0 		61,308
...............................
0 		324
...............................
0 		17,026
...............................
0 		18,426
...............................
0 		325,869
...............................
0 		0
...............................
0
26M'LISS MOOREINVESTMENT DIRECTOR - FAD (i)
(ii)		 274,703
...............................
0 		72,090
...............................
0 		3,786
...............................
0 		24,656
...............................
0 		1,221
...............................
0 		376,456
...............................
0 		0
...............................
0
27PAUL QUINTILIANISR DIR - COMM. R.E. THRU 09/14 (i)
(ii)		 223,798
...............................
0 		105,690
...............................
0 		14,247
...............................
0 		20,186
...............................
0 		18,830
...............................
0 		382,751
...............................
0 		0
...............................
0
28WILLIAM ZIOMEKINVESTMENT DIRECTOR - FAD (i)
(ii)		 252,854
...............................
0 		68,120
...............................
0 		1,410
...............................
0 		19,297
...............................
0 		10,720
...............................
0 		352,401
...............................
0 		0
...............................
0
29DEE JAY MAILERCEO - THROUGH 04/01/14 (i)
(ii)		 152,868
...............................
0 		0
...............................
0 		112,776
...............................
0 		18,965
...............................
0 		4,844
...............................
0 		289,453
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
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.
Return Reference Explanation
PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A HOUSING ALLOWANCE WAS PROVIDED TO OFFICER R. HOLOUA STENDER. THE ENTIRE AMOUNT OF SUCH HOUSING ALLOWANCE WAS INCLUDED AS TAXABLE COMPENSATION.
PART I, LINE 4A DEE JAY MAILER RETIRED AS CHIEF EXECUTIVE OFFICER IN 2014 AND PURSUANT TO A RETENTION AND SEPARATION AGREEMENT SHE RECEIVED A PAYMENT OF $100,000 IN CALENDAR YEAR 2014. SYLVIA HUSSEY RESIGNED AS VICE PRESIDENT OF ADMINISTRATION IN CALENDAR YEAR 2014 AND PURSUANT TO A SEPARATION AGREEMENT SHE RECEIVED A PAYMENT OF $126,000 IN CALENDAR YEAR 2014.
Schedule J (Form 990) 2014

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.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
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), section 501(c)(4), and 501(c)(29) 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 Benefiting 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) 2014
Schedule L (Form 990 or 990-EZ) 2014
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) JAMIE FONG SEE PART V 66,165 SEE PART V   No
(2) KAINOA KEAWE SEE PART V 53,000 SEE PART V   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMIE FONG (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JAMIE FONG IS AN EMPLOYEE OF THE ORGANIZATION AND IS A FAMILY MEMBER OF RANDIE FONG, AN OFFICER OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $66,165. (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: KAINOA KEAWE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: KAINOA KEAWE IS AN EMPLOYEE OF THE ORGANIZATION AND IS A FAMILY MEMBER OF T. KA'EO DUARTE, AN OFFICER OF THE ORGANIZATION. (C) AMOUNT OF TRANSACTION $53,000. (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) SHARING OF ORGANIZATION REVENUES? = NO
Schedule L (Form 990 or 990-EZ) 2014

Additional Data


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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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE ESTATE OF BERNICE PAUAHI
BISHOP
Employer identification number

99-0073480
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: AS OF JUNE 30, 2015, THE OVERALL FAIR VALUE OF KAMEHAMEHA SCHOOLS' ENDOWMENT WAS APPROXIMATELY $11.1 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, 2015, KAMEHAMEHA SCHOOLS SPENT APPROXIMATELY $336 MILLION ON EDUCATIONAL PROGRAMS AND EDUCATIONAL SUPPORT, WITH $106 MILLION SPENT ON COMMUNITY-FOCUSED PROGRAMS AND $172 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 2015 WAS THE TENTH AND FINAL 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 DECREASED SLIGHTLY FROM LAST YEAR TO APPROXIMATELY 46,000 LEARNERS IN LINE WITH ORGANIZATION'S SHIFT FROM "REACH" TO "IMPACT" AND MOVEMENT TOWARD STRATEGIC PLAN 2020. OVER 12,200 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 14,200 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. OVER 2,400 PAUAHI KEIKI SCHOLARSHIPS WERE AWARDED TOTALING OVER $17.3 MILLION. GRADES 4 THROUGH POST-HIGH: KAMEHAMEHA SCHOOLS SERVED MORE THAN 19,700 LEARNERS THROUGH ITS EXTENSION EDUCATION AND DISTANCE LEARNING PROGRAMS SUCH AS THE EXPLORATIONS SERIES, KAMEHAMEHA SCHOLARS, KUPA AINA AND CAREER & POST-HIGH COUNSELING. MORE THAN 2,400 POST-HIGH SCHOLARSHIPS WERE AWARDED TOTALING OVER $14.6 MILLION AND MORE THAN 3,900 STUDENTS WERE SUPPORTED WITH OVER $6.8 MILLION IN FUNDING AND SUPPORT TO 17 OF THE DEPARTMENT OF EDUCATION'S 33 PUBLIC CHARTER SCHOOLS. MORE THAN 1,900 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 27 PERCENT OF STUDENTS INVITED TO CAMPUS PROGRAMS FOR THE 2015-2016 SCHOOL YEAR. FOR MORE, INCLUDING A COPY OF KAMEHAMEHA SCHOOLS' AUDITED "CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES" FOR FISCAL YEAR 2015, PLEASE VISIT http://www.ksbe.edu/about_us/publications_and_resources/annual_reports/.
ATTACHMENT 1 CONTINUED: FORM 990, PART V, LINE 4B - FOREIGN COUNTRIES FRANCE GERMANY GREECE HONG KONG HUNGARY ICELAND INDIA INDONESIA IRELAND ISRAEL ITALY JAPAN REPUBLIC OF SOUTH KOREA KUWAIT MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NIGERIA NORWAY OMAN PERU PHILIPPINES POLAND QATAR ROMANIA SINGAPORE SOUTH AFRICA SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND TURKEY UNITED ARAB EMIRATES UNITED KINGDOM (ENGLAND, NORTHERN IRELAND, SCOTLAND, AND WALES)
FORM 990, PART VI, LINE 2: BISHOP HOLDINGS CORP - JANEEN OLDS, CORBETT KALAMA, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - BISHOP HOLDINGS IS A SUBSIDIARY OF PARENT ORGANIZATION KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE ON THE BOARD) KAMEHAMEHA INVESTMENT CORP - JANEEN OLDS, CORBETT KALAMA, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - KAMEHAMEHA INVESTMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE ON THE BOARD) PAUAHI MANAGEMENT CORP - JANEEN OLDS, CORBETT KALAMA, MICAH KANE, ROBERT NOBRIGA, LANCE WILHELM (BUSINESS RELATIONSHIP - PAUAHI MANAGEMENT CORPORATION IS A 2ND TIER SUBSIDIARY OF KAMEHAMEHA SCHOOLS AND THESE INDIVIDUALS SERVE ON THE BOARD)
FORM 990, PART VI, LINE 11B: 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, THE EXECUTIVE VICE PRESIDENT OF FINANCE AND THE VICE PRESIDENT OF COMMUNICATIONS; (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. 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, DIRECTORS, AND KEY EMPLOYEES AND 20 TO 40 HOURS FOR TRUSTEES.
FORM 990, PART VII, COMPENSATION: L. "JACK" WONG SERVED AS INTERIM CEO UPON DEE JAY MAILER'S RETIREMENT ON APRIL 1, 2014 UNTIL SEPTEMBER 29, 2014. HE WAS NAMED CEO ON SEPTEMBER 30, 2014. CHRISTOPHER PATING, VP - STRATEGIC PLANNING & INNOVATION, RESIGNED ON JANUARY 2, 2015. M. WAI`ALE`ALE SARSONA WAS NAMED INTERIM VP - SPI ON JANUARY 7, 2015. SYLVIA HUSSEY SERVED AS VP - ADMINISTRATION UNTIL HER DEPARTURE FROM KAMEHAMEHA SCHOOLS ON JULY 25, 2014. JOY KONO SERVED AS INTERIM VP - ADMINISTRATION FROM JULY 28, 2014 UNTIL APRIL 25, 2015. DARREL HOKE BECAME EVP - ADMINISTRATION AS OF APRIL 26, 2015. HE PREVIOUSLY SERVED AS DIRECTOR - INTERNAL AUDIT. MARSHA BOLSON SERVED AS VP - COMMUNITY RELATIONS & COMMUNICATIONS UNTIL HER RETIREMENT ON JUNE 30, 2015. KEVIN COCKETT JOINED KAMEHAMEHA SCHOOLS ON JUNE 7, 2015 AS VP - COMMUNICATIONS. THERE WAS AN OVERLAP PERIOD FOR TRANSITION. KEVIN HAD NO REPORTABLE COMPENSATION FOR CALENDAR YEAR 2014. ERIC SONNENBERG ACTED AS INTERIM VP - LEGAL SERVICES AND GENERAL COUNSEL WHEN PREVIOUS VP, L. "JACK" WONG, WAS NAMED CEO ON SEPTEMBER 30, 2014. HE SERVED AS INTERIM VP UNTIL HE WAS NAMED VP ON OCTOBER 27, 2014. R. HOLOUA STENDER WAS NAMED EVP - EDUCATION ON JUNE 7, 2015. HE PREVIOUSLY SERVED AS HEAD OF SCHOOL - HAWAII CAMPUS. LAUREN NAHME WAS NAMED VP - STRATEGY & INNOVATION ON APRIL 26, 2015. SCOTT TOPPING JOINED KAMEHAMEHA SCHOOLS ON JUNE 10, 2015 AS EVP - FINANCE & CFO. HE HAD NO REPORTABLE COMPENSATION FOR CALENDAR YEAR 2014. T. KA`EO DUARTE WAS NAMED VP - COMMUNITY ENGAGEMENT & RESOURCES AS OF APRIL 26, 2015.
FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARIES 2,397,047 CUMULATIVE EFFECT OF CHANGE IN ACCOUTING PRINCIPLES (35,569,187) ------------ TOTAL OTHER CHANGES IN NET ASSETS (33,172,140)
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) 2014

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" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
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" on 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 -161,547 13,851,255 KAMEHAMEHA S
 










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on 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 S
 
Yes
 
(2) CHARLES R BISHOP TRUST
PO BOX 3466

HONOLULU,HI96801
99-6005262 		SUPPORT OTHER HI 501(C)(3) 11D, III-O KAMEHAMEHA S
 
Yes
 
(3) KAIAULU'O KAKA'AKO OWNERS ASSOCIATION I
PO BOX 3466

HONOLULU,HI96801
47-2928115 		OWNERS ASSOCI HI 501(C)(4)   KAMEHAMEHA S
 
Yes
 








For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on 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 1 5,140,416   No     No 90.480 %
(2) SOUTH NV INC PROP

PO BOX 3466
HONOLULU,HI96801
33-0324029 		RE ACQ./LEASE CA KAMEHAMEHA SCH
  		INVESTMENT -3,252 0   No     No 91.430 %
(3) BISHOP FINANC LTD

PO BOX 3466
HONOLULU,HI96801
98-0535589 		HOLDING COMPANY CJ KAMEHAMEHA SCH
  		UNRELATED 0 2,890,332   No     No 99.990 %
(4) KAYNE KS CRDT FD LP

1800 AVENUE OF THE STARS 3RD FLOOR
LOS ANGELES,CA90067
35-2507517 		INVESTMENTS DE KAMEHAMEHA SCH
  		INVESTMENT 367,175 18,722,201   No     No 99.360 %
(5) CRESCENTKS PTNRSHP

PO BOX 3466
HONOLULU,HI96801
46-4668874 		INVESTMENTS DE KAMEHAMEHA SCH
  		INVESTMENT 1,515,601 49,333,475   No     No 99.980 %
(6) WESTPORT ADV LTD

PO BOX 3466
HONOLULU,HI96801
65-0821359 		FACILITIES MG FL PAUAHI MGT CORP
  		UNRELATED -11,479 0   No     No 69.180 %
(7) KURAMO AFRC OPP FD

500 5TH AVE
NY,NY10110
45-2495612 		INVESTMENTS DE KAMEHAMEHA SCH
  		INVESTMENT 91,603 7,589,439   No     No 83.660 %
(8) ORION MINE FIN I-A

69 PITTS BAY RD
PEMBROKE   HM 08
BD
46-5243062 		INVESTMENTS DE KAMEHAMEHA SCH
  		INVESTMENT 79,349 1,184,189   No     No 57.820 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on 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 -906,326 32,911,451 100.000 % Yes  
(2) PAUAHI MANAGEMENT CORPORATION

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

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

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

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

PO BOX 5685
KAILUAKONA,HI96745
46-2780038 		LAND MANAGEMENT HI KAMEHAMEHA SCH
  		C CORP -9,810 140,124 100.000 % Yes  
(7) Acadian Emerg Mkts Small-Cap Long-SHORT

 
 
INVESTMENTS CJ KAMEHAMEHA SCH
  		C CORP 0 0 100.000 % Yes  
(8) KS SLJ Currency Fund

George Town
KY1-1104,Grand Cayman  
CJ
INVESTMENTS CJ KAMEHAMEHA SCH
  		C CORP 0 0 100.000 % Yes  
(9) KS CAPSTONE FUND LTD

GEORGE TOWN
KY1-1108,GRAND CAYMAN  
CJ
INVESTMENTS CJ KAMEHAMEHA SCH
  		C CORP 0 0 100.000 % Yes  
(10) WESTERN ASSET MACRO OPPORTUNITIES DIRECT

GEORGE TOWN
KY1-9005,GRAND CAYMAN  
CJ
INVESTMENTS CJ KAMEHAMEHA SCH
  		C CORP 776,227 47,470,307 51.000 % Yes  
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on 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
 
No
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
 
No
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
Yes
 
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) KAMEHAMEHA INVESTMENT CORPORATION

 A 20,484 BOOK VALUE
(2) KE ALI'I PAUAHI FOUNDATION

 B 4,369,928 BOOK VALUE
(3) SINO FINANCE GROUP LLC

 D 630,916 BOOK VALUE
(4) CHARLES R BISHOP TRUST

 L 68,000 BOOK VALUE
(5) KAMEHAMEHA INVESTMENT CORPORATION

 L 196,193 BOOK VALUE
(6) KEAUHOU COMMUNITY SERVICE INC

 M 173,037 BOOK VALUE
(7) KAYNE KS CREDIT FUND LP

 B 27,681,915 BOOK VALUE
(8) CRESCENTKS PARTNERSHIP LP

 B 33,149,019 BOOK VALUE
(9) Acadian Emerg Mkts Small-Cap Long-SHORT

 B 20,017,000 BOOK VALUE
(10) KS SLJ CURRENCY FUND

 B 75,000,000 BOOK VALUE
(11) KS CAPSTONE FUND LTD

 B 30,000,000 BOOK VALUE
(12) WESTERN ASSET MACRO OPPORTUNITIES DIRECT

 B 40,000,000 BOOK VALUE
(13) BISHOP HOLDINGS CORPORATION

 S 10,000,000 BOOK VALUE
(14) SINO FINANCE GROUP LLC

 S 1,020,524 BOOK VALUE
(15) KURAMO AFRICA OPPORTUNITY FUND LP

 B 7,878,046 BOOK VALUE
(16) ORION MINE FINANCE (DELAWARE) FUND I-A LP

 B 1,521,868 BOOK VALUE
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on 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 sections 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) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
PART II, LINE 3, COLUMN (D): 501(C)(4) STATUS IS BEING APPLIED FOR
Schedule R (Form 990) 2014
Additional Data


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