-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
LILIUOKALANI TRUST
Number and street (or P.O. box number if mail is not delivered to street address)
1100 ALAKEA STREET NO 1100
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU
,
HI
96813
A Employer identification number
99-0078890
B
Telephone number (see instructions)
(808) 203-6150
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
982,254,766
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
9,980
2
Check
.............
3
Interest on savings and temporary cash investments
1,186,297
1,186,297
1,186,297
4
Dividends and interest from securities
...
2,483,530
1,625,256
1,625,256
5a
Gross rents
............
43,687,606
43,687,606
43,687,606
b
Net rental income or (loss)
27,153,187
6a
Net gain or (loss) from sale of assets not on line 10
298,925,376
b
Gross sales price for all assets on line 6a
411,346,655
7
Capital gain net income (from Part IV, line 2)
...
298,732,882
8
Net short-term capital gain
.........
0
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
3,168,082
-10,783,882
-10,783,882
12
Total.
Add lines 1 through 11
........
349,460,871
334,448,159
35,715,277
13
Compensation of officers, directors, trustees, etc.
2,268,583
1,096,193
1,096,193
1,172,390
14
Other employee salaries and wages
......
12,377,042
1,464,361
1,464,361
10,912,681
15
Pension plans, employee benefits
.......
3,451,409
588,356
588,356
2,880,974
16a
Legal fees (attach schedule)
.........
530,147
344,681
344,681
139,472
b
Accounting fees (attach schedule)
.......
122,176
0
0
122,176
c
Other professional fees (attach schedule)
....
3,569,207
899,682
899,682
2,616,730
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
12,849,272
12,593,980
12,593,980
171,443
19
Depreciation (attach schedule) and depletion
...
4,131,907
1,921,105
1,921,105
20
Occupancy
..............
639,436
161,340
161,340
479,314
21
Travel, conferences, and meetings
.......
461,792
96,591
96,591
356,243
22
Printing and publications
..........
18,426
3,177
3,177
15,279
23
Other expenses (attach schedule)
.......
8,527,952
1,580,090
2,934,153
6,724,611
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
48,947,349
20,749,556
22,103,619
25,591,313
25
Contributions, gifts, grants paid
.......
0
0
26
Total expenses and disbursements.
Add lines 24 and 25
48,947,349
20,749,556
22,103,619
25,591,313
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
300,513,522
b
Net investment income
(if negative, enter -0-)
313,698,603
c
Adjusted net income
(if negative, enter -0-)
...
13,611,658
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
847
118,276
118,276
2
Savings and temporary cash investments
.........
5,155,944
6,201,547
6,201,547
3
Accounts receivable
1,586,678
Less: allowance for doubtful accounts
238,383
2,650,340
1,348,295
1,348,295
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
13,000,000
Less: allowance for doubtful accounts
0
13,000,000
13,000,000
13,000,000
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
710,057
1,015,394
1,015,394
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
176,355,852
505,811,432
501,770,165
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
84,892,219
Less: accumulated depreciation (attach schedule)
26,469,010
55,858,253
58,423,209
371,116,121
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
86,864,738
Less: accumulated depreciation (attach schedule)
26,953,017
58,588,008
59,911,721
66,809,446
15
Other assets (describe
)
22,075,460
20,875,522
20,875,522
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
334,394,761
666,705,396
982,254,766
17
Accounts payable and accrued expenses
..........
2,244,911
2,376,804
18
Grants payable
.................
19
Deferred revenue
.................
14,560,104
1,457,831
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
11,913,423
11,546,205
22
Other liabilities (describe
)
2,442,742
2,886,367
23
Total liabilities
(add lines 17 through 22)
.........
31,161,180
18,267,207
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
303,233,581
648,438,189
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
303,233,581
648,438,189
30
Total liabilities and net assets/fund balances
(see instructions)
.
334,394,761
666,705,396
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
303,233,581
2
Enter amount from Part I, line 27a
.....................
2
300,513,522
3
Other increases not included in line 2 (itemize)
3
44,881,417
4
Add lines 1, 2, and 3
..........................
4
648,628,520
5
Decreases not included in line 2 (itemize)
5
190,331
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
648,438,189
Form
990-PF
(2019)
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
FROM K-1: ACR III FEEDER C, LP
P
b
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP
P
c
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP
P
d
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP - 1231
P
e
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP
P
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP
P
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP - 1231
P
FROM K-1: BLACKSAND CAPITAL OPPORTUNITY FUND I, LP - 1231
P
FROM K-1: CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES BAIN X
P
FROM K-1: CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES BAIN X SUSPENDE
P
FROM K-1: CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES BAIN X
P
FROM K-1: CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES BAIN X
P
FROM K-1: CAMBRIDGE ASSOCIATES LLC
P
FROM K-1: CAMBRIDGE ASSOCIATES LLC
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS - 1256
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS - 1256
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS V, LP
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS V, LP
P
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS V, LP - 1231
P
FROM K-1: COMMONFUND DISTRESSED DRBT PARTNERS II LP
P
FROM K-1: COMMONFUND DISTRESSED DRBT PARTNERS II LP
P
FROM K-1: COMMONFUND DISTRESSED DRBT PARTNERS II LP - 1256
P
FROM K-1: COMMONFUND DISTRESSED DRBT PARTNERS II LP - 1256
P
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P
P
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P
P
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P - 1231
P
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P - 1256
P
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P - 1256
P
FROM K-1: DC CAPITAL PARTNERS FUND II, LP
P
FROM K-1: DC CAPITAL PARTNERS FUND II, LP - 1231
P
FROM K-1: EDGBASTON ASIAN EQUITY TRUST
P
FROM K-1: EDGBASTON ASIAN EQUITY TRUST
P
FROM K-1: FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP
P
FROM K-1: FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP
P
FROM K-1: FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP - 1256
P
FROM K-1: FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP - 1256
P
FROM K-1: FUND X OPPORTUNITY FUND, LLC - LOSS ON DISPOSAL
P
FROM K-1: FUND X OPPORTUNITY FUND, LLC
P
FROM K-1: GQG PARTNERS INTERNATIONAL EQUITY FUND GQG PARTNERS SERIES LLC
P
FROM K-1: GQG PARTNERS INTERNATIONAL EQUITY FUND GQG PARTNERS SERIES LLC
P
FROM K-1: HARVEST MLP INCOME FUND II LLC
P
FROM K-1: HARVEST MLP INCOME FUND II LLC
P
FROM K-1: THE HIGHCLERE INTERNATIONAL INVESTORS
P
FROM K-1: THE HIGHCLERE INTERNATIONAL INVESTORS
P
FROM K-1: HIGHFIELDS CAPITAL IV LP
P
FROM K-1: HIGHFIELDS CAPITAL IV LP - 1231
P
FROM K-1: HIGHFIELDS CAPITAL IV LP - 1256
P
FROM K-1: HIGHFIELDS CAPITAL IV LP - 1256
P
FROM K-1: HILDENE OPPORTUNITIES OFFSHORE FUND II, LTD.
P
FROM K-1: HEALTHCARE ROYALTY PARTNERS III, L.P.
P
FROM K-1: ICON VENTURES V, L.P.
P
FROM K-1: LEGACY VENTURE VI, LLC
P
FROM K-1: LEGACY VENTURE VI, LLC
P
FROM K-1: LEVEL EQUITY GROWTH PARTNERS III, LP
P
FROM K-1: LONE STAR EUROPE HOLDINGS (U.S.), L.P.
P
FROM K-1: LONE STAR FUND VI (U.S.), L.P.
P
FROM K-1: LONE STAR FUND VII (U.S.), L.P.
P
FROM K-1: LONE STAR FUND VIII (U.S.), L.P.
P
FROM K-1: LONE STAR REAL ESTATE FUND II (U.S.), L.P.
P
FROM K-1: LONE STAR REAL ESTATE FUND III (U.S.), L.P.
P
FROM K-1: LONE STAR REAL ESTATE FUND IV (U.S.), L.P.
P
FROM K-1: LONE STAR US INVESTMENTS, L.P.
P
FROM K-1: MAHOUT GLOBAL EMERGING MARKETS LEADERS FUND (DST)
P
FROM K-1: MAHOUT GLOBAL EMERGING MARKETS LEADERS FUND (DST)
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL II LP
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL II LP - 1231
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL III LP
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL III LP - 1231
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS IV-A, LP
P
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS IV-A, LP - 1231
P
FROM K-1: NATURAL GAS PARTNERS IX LP
P
FROM K-1: NATURAL GAS PARTNERS IX LP - 1231
P
FROM K-1: NEW ENTERPRISE ASSOCIATES 15 LP
P
FROM K-1: NEW ENTERPRISE ASSOCIATES 15 LP
P
FROM K-1: NEW ENTERPRISE ASSOCIATES 16 LP
P
FROM K-1: NEW ENTERPRISE ASSOCIATES 16 LP
P
FROM K-1: NORTHGATE GLOBAL EMERGING MARKETS, LP
P
FROM K-1: NORTHGATE IV, LP
P
FROM K-1: NORTHGATE IV, LP
P
FROM K-1: NORTHGATE IV, LP - 1231
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS II(Q) LP
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS II(Q) LP
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS II(Q) LP - 1231
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP
P
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP - 1231
P
FROM K-1: NORTHGATE VENTURE PARTNERS III, LP
P
FROM K-1: NORTHGATE VENTURE PARTNERS III, LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III AIV LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III AIV LP - 1231
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III LP - 1231
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP - 1231
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP
P
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP - 1231
P
FROM K-1: SANDERS CAPITAL ALL ASSET VALUE FUND, LP
P
FROM K-1: SANDERS CAPITAL ALL ASSET VALUE FUND, LP
P
FROM K-1: SOMERSET GLOBAL EMERGING MARKETS FUND LLC
P
FROM K-1: SOMERSET GLOBAL EMERGING MARKETS FUND LLC
P
FROM K-1: STANDARD CRYPTO FLAGSHIP FUND LP
P
FROM K-1: STRATEGIC INVESTORS FUND VIII, L.P.
P
FROM K-1: STRATEGIC INVESTORS FUND VIII, L.P.
P
FROM K-1: STRATEGIC INVESTORS FUND VI, L.P.
P
FROM K-1: STRATEGIC INVESTORS FUND VI, L.P.
P
FROM K-1: THIRD POINT OFFSHORE FUND LTD
P
FROM K-1: U.S. FARMING REALTY TRUST II, LP - 1231
P
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P.
P
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P.
P
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P. - 1256
P
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P. - 1256
P
FROM K-1: WELLINGTON TRUST CTF DURABLE COMPANIES PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF DURABLE COMPANIES PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF DURABLE COMPANIES PORTFOLIO - 1256
P
FROM K-1: WELLINGTON TRUST CTF DURABLE COMPANIES PORTFOLIO - 1256
P
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO - 1256
P
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO - 1256
P
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO
P
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO - 1256
P
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO - 1256
P
FROM K-1: XFUND 2, LP [CLASS A]
P
FROM K-1: XFUND 2, LP [CLASS B]
P
US BANK #12508
US BANK #12508
US BANK DEFLATION ASSETS
US BANK LT SHORT DURATION ASSETS
GARDNER RUSSO & GARDNER
GARDNER RUSSO & GARDNER
CF NATURAL RESOURCESL RESOURCES
P
US FARMING REALTY TRUST
P
ABERDEEN E&RP III (FKA FLAG)
P
MREEP
P
MREP II
P
MREP IV
P
MREP GLOBAL II
P
MREP GLOBAL III
P
BENNETT OFFSHORE
P
NGATE PEP II LP
P
NGATE VENTURE PTRS III LP
P
PARK ST NATURAL RESOURCES FUND III
P
PARK ST NATURAL RESOURCES FUND IV
P
NGATE GLOBAL EMERGING MKTS LP
P
PARK ST NATURAL RESOURCES FUND V
P
NGATE PEP III
P
LILLY ASIA BIOSCIENCES V (LAV)
P
NATURAL GAS PARTNERS
P
BAIN X (VERIFY UNCALLED)
P
NGATE IV
P
DOUG EMMETT FUND X OPPORTUNITY FUND
P
GOLDMAN SACHS - DISTRESSED OPPORTUNITY
P
GOLDMAN SACHS - VINTAGE V
P
WOODBOURNE CANADIAN PARTNERS II
P
CF CAP INTL PATN VII
P
LONE STAR REAL ESTATE FUND II
P
LEGACY VENTURE
P
SVB SIF FUND VI
P
LONESTAR VIII
P
GS VINTAGE VI
P
BUENA VISTA
P
MAHOUT GLOBAL EMERGING MARKETS LEAD
P
HEALTHCARE ROYALTY PARTNERS (2014)
P
LSREF III (2014)
P
LSREF IV
P
CENTERGATE CAPITAL PARTNERS I LP
P
NEA 15
P
ROUND HILL MUSIC FUND II
P
GS VINTAGE VII
P
LONE STAR FUND X
P
NEW ENTERPRISE PARTNERS (MCO) FUND III
P
DC CAPITAL PARTNERS FUND II LP
P
ORION REAL ESTATE FUND V
P
ATLAS CAPITAL RESOURCES III
P
LONE STAR FUND XI
P
HIGHFIELDS CAPITAL IV
P
STANDARD CRYPTO FLAGSHIP FUND
P
FARALLON CAP MGT LLC
P
GAIN ADJUSTMENT - INVESTMENTS
P
GAIN ON SALE OF LILIUOKALANI GARDENS
P
GAIN ON SALE OF WAIKIKI BANYAN
P
GAIN ON SALE OF WAIKIKI SUNSETWAIKIKI SUNSET
P
GAIN ON SALE OF FOSTER TOWERS
P
GAIN ON SALE OF HILTON WAIKIKI
P
GAIN ON SALE OF ALOHILANI WAIKIKI
P
GAIN ON SALE OF QUEEN LILI'IOKALANI VILLAGE
P
GAIN ON SALE OF HALEIWA
P
GAIN ADJUSTMENT - REAL ESTATE
P
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
1,101
-1,101
b
231
-231
c
11,867
-11,867
d
34,081
-34,081
e
2,615
2,615
13,062
13,062
23,608
23,608
93
93
38,076
-38,076
25,982
25,982
2,767
-2,767
9,712
9,712
6
6
57
57
3,248
-3,248
66,830
66,830
1
1
2
2
10
-10
10,182
10,182
3,195
-3,195
73
-73
30,951
-30,951
7
7
10
10
116,925
116,925
37,100
37,100
756
756
9,421
9,421
14,131
14,131
156
156
149,005
149,005
35,540
-35,540
271,730
-271,730
77
77
14,395
14,395
13
-13
20
-20
1,821,495
-1,821,495
1,403,095
1,403,095
87,532
-87,532
25,377
25,377
32,921
-32,921
94,336
-94,336
26,680
26,680
21,922
21,922
28,806
-28,806
2,997
-2,997
1,392
1,392
2,087
2,087
33,519
33,519
60
-60
16,438
-16,438
2,411
2,411
215,170
215,170
305
305
19,064
19,064
100,115
-100,115
64,230
-64,230
10,821
10,821
1,031
1,031
16,817
-16,817
53,168
53,168
137,557
-137,557
109,716
-109,716
914,946
-914,946
4,787
4,787
762
-762
904
904
1,531
-1,531
10,674
-10,674
166
-166
2,903
-2,903
1,531
-1,531
950
950
44,428
44,428
63
63
10,777
10,777
964
964
69
-69
32,385
32,385
320
-320
26
-26
4,060
-4,060
24
-24
199
199
8,438
8,438
403
-403
57
-57
100,709
100,709
203
-203
35
-35
69
-69
10,727
-10,727
1,546
-1,546
212
-212
3,425
-3,425
315
-315
707
-707
10,852
10,852
235
-235
41,528
41,528
13,071
13,071
3,911
-3,911
44,605
-44,605
2,860
-2,860
732
732
9,642
9,642
659
659
128,943
128,943
38,192
38,192
37,956
37,956
52,024
52,024
107,280
107,280
15,312
15,312
22,969
22,969
7,172
7,172
306,528
306,528
98
98
146
146
206,562
-206,562
131,170
131,170
13
13
19
19
8,119
8,119
319,635
319,635
28
-28
41
-41
55,873
55,873
55,621
55,621
68,168,773
68,175,842
-7,069
2,116,649
2,101,802
14,847
73,203
34,604
38,599
0
28,018
39,909
-11,891
89,931
35,762
54,169
2,398
2,398
0
17,798
17,798
0
27,427
27,427
0
72,357
141,254
-68,897
34,248
67,722
-33,474
3,696
3,696
0
8,099
8,099
0
5,606
5,606
0
2,500,000
2,099,305
400,695
7,404
7,404
0
13,784
13,784
0
5,200
5,200
0
15,800
15,800
0
3,319
3,319
0
21,100
21,100
0
11,992
11,992
0
3,922
3,922
0
8,879
8,879
0
18,315
18,315
0
20,185
20,185
0
1,007,829
1,007,829
18,801
18,801
0
20,115
20,115
0
153,675
153,675
0
32,959
32,959
0
7,367
7,367
0
38,986
38,986
0
33,820
33,820
0
38,799
38,799
0
92,677
92,677
0
707,857
707,857
5,500,000
5,430,263
69,737
21,374
21,374
0
5,534
5,534
0
157,378
157,378
0
966
966
0
40,598
40,598
0
183,359
183,359
0
42,939
42,939
0
103,641
103,641
0
7,278
7,278
0
28,991
28,991
0
138,673
138,673
0
16,390
16,390
0
20,492
20,492
0
633,534
633,534
353,607
353,607
0
37,795
37,795
8,086
-8,086
1,125,000
42,763
1,082,237
11,741,300
694,804
11,046,496
2,271,400
91,817
2,179,583
9,552,100
349,074
9,203,026
78,000,000
1,310,263
76,689,737
195,000,000
3,338,025
191,661,975
46,500
133
46,367
3,000,000
97,101
2,902,899
43,361
-43,361
1,408,821
1,408,821
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-1,101
b
-231
c
-11,867
d
-34,081
e
2,615
13,062
23,608
93
-38,076
25,982
-2,767
9,712
6
57
-3,248
66,830
1
2
-10
10,182
-3,195
-73
-30,951
7
10
116,925
37,100
756
9,421
14,131
156
149,005
-35,540
-271,730
77
14,395
-13
-20
-1,821,495
1,403,095
-87,532
25,377
-32,921
-94,336
26,680
21,922
-28,806
-2,997
1,392
2,087
33,519
-60
-16,438
2,411
215,170
305
19,064
-100,115
-64,230
10,821
1,031
-16,817
53,168
-137,557
-109,716
-914,946
4,787
-762
904
-1,531
-10,674
-166
-2,903
-1,531
950
44,428
63
10,777
964
-69
32,385
-320
-26
-4,060
-24
199
8,438
-403
-57
100,709
-203
-35
-69
-10,727
-1,546
-212
-3,425
-315
-707
10,852
-235
41,528
13,071
-3,911
-44,605
-2,860
732
9,642
659
128,943
38,192
37,956
52,024
107,280
15,312
22,969
7,172
306,528
98
146
-206,562
131,170
13
19
8,119
319,635
-28
-41
55,873
55,621
-7,069
14,847
38,599
0
-11,891
54,169
0
0
0
-68,897
-33,474
0
0
0
400,695
0
0
0
0
0
0
0
0
0
0
0
1,007,829
0
0
0
0
0
0
0
0
0
707,857
69,737
0
0
0
0
0
0
0
0
0
0
0
0
0
633,534
0
37,795
-8,086
1,082,237
11,046,496
2,179,583
9,203,026
76,689,737
191,661,975
46,367
2,902,899
-43,361
1,408,821
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
298,732,882
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
-220,209
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
2017
2016
2015
2014
2
Total
of line 1, column (d)
.....................
2
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
5
Multiply line 4 by line 3
......................
5
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
7
Add lines 5 and 6
........................
7
8
Enter qualifying distributions from Part XII, line 4
,.............
8
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
1974-07-22
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
N/A
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
0
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
0
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
0
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
0
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
HI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
Yes
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.ONIPAA.ORG
14
The books are in care of
LILIUOKALANI TRUST
Telephone no.
(808) 203-6150
Located at
1100 ALAKEA ST SUITE 1100
HONOLULU
HI
ZIP+4
96813
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
THOMAS K KAULUKUKUI JR
TRUSTEE
40.00
185,600
65
0
1132 BISHOP STREET SUITE 1890
HONOLULU
,
HI
96813
PATRICK KSL YIM
TRUSTEE
7.00
185,600
65
0
1132 BISHOP STREET SUITE 1890
HONOLULU
,
HI
96813
CLAIRE L ASAM
TRUSTEE
7.00
225,600
65
0
1132 BISHOP STREET SUITE 1890
HONOLULU
,
HI
96813
ROBERT OZAKI
PRESIDENT & CEO
40.00
641,506
27,047
0
1100 ALAKEA STREET SUITE 1100
HONOLULU
,
HI
96813
LEEANN SILVA
VICE PRESIDENT
40.00
295,783
33,952
0
1100 ALAKEA STREET SUITE 1100
HONOLULU
,
HI
96813
DAWN HARFLINGER
VICE PRESIDENT & CFO
40.00
280,649
34,305
0
1100 ALAKEA STREET SUITE 1100
HONOLULU
,
HI
96813
MICHELLE AKINA
VICE PRESIDENT, CHIEF PROG
40.00
253,668
16,097
0
1100 ALAKEA STREET SUITE 1100
HONOLULU
,
HI
96813
MERCEDES LANZA
VICE PRESIDENT & CAO
40.00
200,177
31,021
0
1100 ALAKEA STREET SUITE 1100
HONOLULU
,
HI
96813
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
DEAN PANG
CHIEF INFORMATION OF
40.00
231,143
24,497
0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU
,
HI
96813
CHIEMI DAVIS
EXECUTIVE DIRECTOR
40.00
216,036
22,230
0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU
,
HI
96813
JULI TORIGOE
DIRECTOR, FINANCE
40.00
196,202
22,400
0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU
,
HI
96813
MICHAEL SHIBATA
DIRECTOR, REAL ESTAT
40.00
183,787
21,425
0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU
,
HI
96813
BARBARA KALIPI
SENIOR PROGRAM ADVIS
40.00
133,585
21,552
0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU
,
HI
96813
Total
number of other employees paid over $50,000
...................
163
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
FLANSBURG ARCHITECTS
GENERAL CONTRACTING
1,483,221
77 N WASHINGTON STREET
BOSTON
,
MA
02114
MONARCH INSURANCE SERVICES
INSURANCE SERVICES
1,112,619
677 ALA MOANA BLVD 500
HONOLULU
,
HI
96813
CAMBRIDGE ASSOCIATES LLC
INVESTMENT ADVISORY SERVICES
640,427
100 SUMMER STREET SUITE 1300
BOSTON
,
MA
02110
GATESIDE INC
GENERAL CONTRACTING
593,332
522 AHUI STREET
HONOLULU
,
HI
96813
ARISUMI BROTHERS INC
GENERAL CONTRACTING
578,382
291 DAIRY ROAD
KAHALUI
,
HI
96732
Total
number of others receiving over $50,000 for professional services
.............
37
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
THE PROGRAM GOAL OF THE TRUST IS TO SERVE ORPHAN AND DESTITUTE KAMALI'I AND THEIR FAMILIES. THE FOCUS IS ON STRENGTHENING FAMILIES SO THEY CAN RAISE HEALTHY, RESILIENT CHILDREN. THE TRUST ACCOMPLISHES THIS BY CREATING HIGH-IMPACT PROGRAMS AND SERVICES, AND WORKING WITH OTHERS IN THE COMMUNITY TO CHANGE THE SYSTEM THAT KEEPS THE MOST VULNERABLE INDIVIDUALS TRAPPED IN A CYCLE OF LIMITED OPTIONS. THIS WORK IS CARRIED OUT BY A STAFF OF APPROXIMATELY 180 EMPLOYEES THAT INCLUDE SOCIAL WORKERS, ADMINISTRATIVE AND SUPPORT STAFF OPERATING FROM MULTIPLE OFFICES THROUGHOUT THE STATE. IN 2019 THE TRUST PROVIDED DIRECT SERVICES TO 2,601 KAMALI'I, AND REACHED 623 KAMALI'I VIA COMMUNITY ACTIVITIES.AMOUNTS PAID TO ACCOMPLISH CHARITABLE PURPOSES 25,591,313AMOUNTS PAID TO ACQUIRE ASSETS USED FOR CHARITABLE PURPOSE 4,797,472TOTAL AMOUNTS PAID FOR CHARITABLE PURPOSES 30,388,785
30,388,785
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
N/A
0
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
320,469,162
b
Average of monthly cash balances
.......................
1b
5,189,754
c
Fair market value of all other assets (see instructions)
................
1c
371,116,121
d
Total
(add lines 1a, b, and c)
.........................
1d
696,775,037
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
696,775,037
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
10,451,626
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
686,323,411
6
Minimum investment return.
Enter 5% of line 5
..................
6
34,316,171
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
25,591,313
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
4,797,472
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
30,388,785
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
30,388,785
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
a
Applied to 2018, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2019 distributable amount
.....
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2019.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
1974-07-22
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
13,611,658
20,912,645
20,902,338
21,529,671
76,956,312
b
85% of line 2a
.........
11,569,909
17,775,748
17,766,987
18,300,220
65,412,865
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
30,388,785
39,489,648
31,030,792
27,987,492
128,896,717
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
0
0
0
0
0
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
30,388,785
39,489,648
31,030,792
27,987,492
128,896,717
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
0
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
0
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
22,877,447
25,331,317
24,818,232
23,886,255
96,913,251
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
0
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
0
(3)
Largest amount of support
from an exempt organization
0
(4)
Gross investment income
0
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
Total
.................................
3a
0
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
1,186,297
4
Dividends and interest from securities
....
14
2,483,530
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
16
27,153,187
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
298,925,376
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
OTHER INCOME - CONVEYANCE FEES
16
14,665
b
OTHER INCOME - INVESTMENT INCOME
14
2,994,848
c
OTHER INCOME - LATE FEES
16
66,040
d
OTHER INCOME - ACCOUNT RECON
16
62,839
e
OTHER INCOME - QUEEN'S MELE CD
16
3,190
f
OTHER INCOME - LONDON JACK AT KIM PAYOFF JUDGEMENT
16
26,500
12
Subtotal. Add columns (b), (d), and (e)
..
0
332,916,472
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
332,916,472
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2019)
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description