Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
KUKUIOLONO PARK TRUST ESTATE
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968023170
A Employer identification number

99-6003335
B Telephone number (see instructions)

(808) 694-4393
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$20,611,785J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 345,070
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,130 1,130 1,130
4 Dividends and interest from securities... 100,473 100,473 100,473
5a Gross rents............ 235,471 235,471 235,471
b Net rental income or (loss) 155,573
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 216,085
b Gross sales price for all assets on line 6a 1,390,087
7 Capital gain net income (from Part IV, line 2)... 209,545
8 Net short-term capital gain......... 15,169
9 Income modifications...........  
10a Gross sales less returns and allowances 15,194
b Less: Cost of goods sold.... 7,656
c Gross profit or (loss) (attach schedule)..... 7,538 7,538
11 Other income (attach schedule)....... Click to see attachment 215,802 0 215,802
12 Total. Add lines 1 through 11........ 1,121,569 546,619 575,583
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 145,227 87,136 0 58,091
14 Other employee salaries and wages...... 421,838 0 421,838 0
15 Pension plans, employee benefits....... 69,236 0 69,236 0
16a Legal fees (attach schedule)......... Click to see attachment 824 788 788 36
b Accounting fees (attach schedule)....... Click to see attachment 6,903 2,071 0 4,832
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,085 145 31,967 14,973
19 Depreciation (attach schedule) and depletion... Click to see attachment 107,846 0 107,846
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,287 0 1,287 0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 433,478 79,110 -57,378 490,856
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,233,724 169,250 575,584 568,788
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,233,724 169,250 575,584 568,788
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -112,155
b Net investment income (if negative, enter -0-) 377,369
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 32,915 55,369 55,369
2 Savings and temporary cash investments......... 138,355 163,880 163,880
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 5,415 3,155 3,155
9 Prepaid expenses and deferred charges.......... 1,200    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,379,944 Click to see attachment3,025,553 4,669,799
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment1,305,707 1,368,527
11 Investments—land, buildings, and equipment: basis bullet5,811
Less: accumulated depreciation (attach schedule) bullet   5,811 5,811 12,285,001
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet2,358,176
Less: accumulated depreciation (attach schedule) bullet1,770,999 692,063 Click to see attachment587,177 2,035,988
15 Other assets (describe bullet) Click to see attachment26,065 Click to see attachment30,066 Click to see attachment30,066
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,281,768 5,176,718 20,611,785
Liabilities 17 Accounts payable and accrued expenses.......... 25,685 32,790
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 25,685 32,790
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,256,083 5,143,928
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 5,256,083 5,143,928
30 Total liabilities and net assets/fund balances (see instructions). 5,281,768 5,176,718
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
5,256,083
2
Enter amount from Part I, line 27a .....................
2
-112,155
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,143,928
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,143,928
Form 990-PF (2020)
Form 990-PF (2020)
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 PUBLICLY TRADED SECURITIES P 2020-01-01 2020-12-31
b PUBLICLY TRADED SECURITIES P 2019-12-31 2020-12-31
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 238,468   223,299 15,169
b 1,126,840   950,543 176,297
c 18,079     18,079
d
e
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       15,169
b       176,297
c       18,079
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 209,545
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 15,169
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 5,245
c All other domestic foundations enter 1.39% 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 0
3 Add lines 1 and 2........................... 3 5,245
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,245
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 14,855
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 14,855
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,610
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet9,610 RefundedBullet 11 0
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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletHI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBANK OF HAWAII Telephone no.bullet (808) 694-4393

    Located atbullet111 SOUTH KING STREETHONOLULUHI ZIP+4bullet96813
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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? .................
    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
    BANK OF HAWAII TRUSTEE
    1.00     		145,227 0 0
    PO BOX 3170
    HONOLULU,HI96802
    ADAM P KILLERMANN DIRECTOR
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    THOMAS P LEGACY DIRECTOR
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    JOHN A JENKINS DIRECTOR
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    TRINETTE P KAUI CHAIRMAN
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    ALAN B KING DIRECTOR
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 OPERATION OF PARK FOR PUBLIC USE 0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    5,356,993
    b
    Average of monthly cash balances.......................
    1b
    214,547
    c
    Fair market value of all other assets (see instructions)................
    1c
    12,285,001
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,856,541
    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
    17,856,541
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    267,848
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,588,693
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    879,435
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (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
    568,788
    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
     
    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
    568,788
    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
    568,788
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, 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 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, enter the date of the ruling....... bullet
    1973-11-28
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		568,788 469,978 376,262 383,540 1,798,568
    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 ....     		568,788 469,978 376,262 383,540 1,798,568
    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...     		586,290 596,120 591,686 598,527 2,372,623
    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.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,130  
    4 Dividends and interest from securities....     14 100,473  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 155,573  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 216,085  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         7,538
    11 Other revenue:
    aCLUBHOUSE INCOME     		        46,740
    bDRIVING RANGE         21,775
    cCARTS         142,102
    d2017 FED REFUND     01 5,185  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 478,446 218,155
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    696,601
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A OTHER INCOME FROM GOLF COURSE OPERATIONS
    11B OTHER INCOME FROM GOLF COURSE OPERATIONS
    11C OTHER INCOME FROM GOLF COURSE OPERATIONS
    Form 990-PF (2020)
    Form 990-PF (2020)
    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? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    KUKUIOLONO PARK TRUST ESTATE
     
    Employer identification number

    99-6003335
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    KUKUIOLONO PARK TRUST ESTATE
          		Employer identification number
    99-6003335
    Part I
    Contributors
    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
    1
    WALTER D MCBRYDE TRUST
     
    PO BOX 3170
     
    HONOLULU, HI968023170

    		$ 84,000


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    KUKUIOLONO PARK TRUST ESTATE
          		Employer identification number

    99-6003335
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    KUKUIOLONO PARK TRUST ESTATE
          		Employer identification number

    99-6003335
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX SERVICE FEE 6,903 2,071 0 4,832

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 2001-01-01 11,189   L   0 0 0  
    CLUBHOUSE 1972-02-01 101,016 101,013 SL 40.000000000000 0 0 0  
    CLUBHOUSE RECONSTRUCTION 1993-05-01 96,689 96,689 SL 25.000000000000 0 0 0  
    CART STORAGE BLDG RECONSTRUCTION 1993-05-01 31,277 31,277 SL 15.000000000000 0 0 0  
    WORKSHOP / WAREHOUSE 1993-06-01 77,667 77,667 SL 20.000000000000 0 0 0  
    PAVILLION RECONSTRUCTION 1993-07-01 43,117 43,117 SL 15.000000000000 0 0 0  
    RESTROOM #8 RENOVATION - ROOF, SKYLIGHT 1998-10-01 8,268 8,199 SL 10.000000000000 0 0 0  
    CLUBHOUSE TILE ROOF 2000-05-01 19,722 9,949 SL 39.000000000000 506 0 506  
    ENTRANCE FENCE 2001-06-01 8,000 7,997 SL 15.000000000000 0 0 0  
    OFFICE STORAGE EXTENSION 2001-07-01 9,329 4,423 SL 39.000000000000 239 0 239  
    ENTRANCE FENCE 2002-04-01 7,346 7,346 SL 15.000000000000 0 0 0  
    50 GALLON SPRAYER 2003-01-31 1,984 1,984 SL 5.000000000000 0 0 0  
    9 WITTEK BALL WASHERS 2003-01-31 2,022 2,022 SL 5.000000000000 0 0 0  
    TORO GROUNDMASTER 2003-11-30 20,729 20,729 SL 5.000000000000 0 0 0  
    SPRINKLER SYSTEM 2004-06-01 2,632 2,632 SL 5.000000000000 0 0 0  
    6.5 HP TORO MOWER 2005-02-01 311 311 SL 5.000000000000 0 0 0  
    PAVING (ENTRANCE GATE) 2006-05-01 12,594 11,479 SL 15.000000000000 840 0 840  
    HOG WIRE FENCE 2006-06-01 5,949 5,392 SL 15.000000000000 397 0 397  
    TORO GREENSMASTER GM3250 2006-08-01 29,332 29,332 SL 5.000000000000 0 0 0  
    LANDSCAPING 2006-10-01 71,368 63,043 SL 15.000000000000 4,758 0 4,758  
    DIGITAL COPIER 2007-03-01 365 365 SL 5.000000000000 0 0 0  
    BALL PICKER CAGE 2007-07-01 2,286 2,286 SL 5.000000000000 0 0 0  
    TANDEM DISC HARROW 2008-08-01 2,177 2,177 SL 5.000000000000 0 0 0  
    LANDSCAPING 2008-09-01 6,074 4,590 SL 15.000000000000 405 0 405  
    2001 WITTEK 3 GANG BALL HAWK 2008-10-01 2,563 2,563 SL 5.000000000000 0 0 0  
    LANDSCAPING 2008-10-01 28,807 21,600 SL 15.000000000000 1,920 0 1,920  
    WASTE WATER SYSTEM 2008-12-01 48,974 36,187 SL 15.000000000000 3,265 0 3,265  
    FULLY DEPRECIATED ASSETS 2001-01-01 458,359 448,934 NC 0 % 0 0 0  
    1999 CHETECH HIGHLANDER BUNKER RAKE 2009-07-01 1,042 1,042 SL 5.000000000000 0 0 0  
    LANDSCAPING 2009-09-23 52,324 35,752 SL 15.000000000000 3,488 0 3,488  
    LANDSCAPING 2009-12-29 52,324 34,880 SL 15.000000000000 3,488 0 3,488  
    TORO ROUGH MOWER 2009-09-28 32,954 32,954 SL 5.000000000000 0 0 0  
    BRONZE PLAQUES, WHALER'S POT, DEER SCULPTURE 2009-11-16 1,212 817 SL 15.000000000000 81 0 81  
    REFRIGERATORS (2) 2009-07-01 6,697 6,697 SL 5.000000000000 0 0 0  
    LANDSCAPING 2009-12-15 44,426 29,867 SL 15.000000000000 2,962 0 2,962  
    DOORS 2010-02-01 326 326 SL 7.000000000000 0 0 0  
    RAILING 2010-02-01 2,150 2,150 SL 7.000000000000 0 0 0  
    KITCHEN HOOD 2010-02-08 7,850 7,850 SL 5.000000000000 0 0 0  
    GARAGE DOORS 2010-07-15 2,980 2,980 SL 7.000000000000 0 0 0  
    LANDSCAPING 2010-02-16 52,324 34,299 SL 15.000000000000 3,488 0 3,488  
    LANDSCAPING 2010-10-05 52,324 32,264 SL 15.000000000000 3,488 0 3,488  
    LANDSCAPING 2010-10-25 53,797 32,872 SL 15.000000000000 3,586 0 3,586  
    SNACK BAR FLOORING 2010-10-05 9,844 9,844 SL 7.000000000000 0 0 0  
    ROAD 2010-10-05 82,500 50,875 SL 15.000000000000 5,500 0 5,500  
    LANDSCAPING 2010-09-16 10,185 6,281 SL 15.000000000000 679 0 679  
    SIGNS 2011-05-17 3,951 3,951 SL 5.000000000000 0 0 0  
    ROCK WALL 2011-11-01 6,500 3,536 SL 15.000000000000 433 0 433  
    GREASE TRAP 2011-09-12 2,458 2,458 SL 5.000000000000 0 0 0  
    PAVILLION ROOF 2012-03-30 15,625 8,075 SL 15.000000000000 1,042 0 1,042  
    TRACTOR 2012-04-16 42,177 42,177 SL 5.000000000000 0 0 0  
    VENTILATION LIGHTS (4) 2013-06-06 4,320 2,844 SL 10.000000000000 432 0 432  
    A/V SYSTEM 2013-05-16 1,342 1,342 SL 5.000000000000 0 0 0  
    KITCHEN APPLIANCES 2013-02-04 4,987 4,987 SL 5.000000000000 0 0 0  
    SNACK BAR RENOVATION 2013-02-04 4,936 2,276 SL 15.000000000000 329 0 329  
    RESTAURANT GAS LINES 2013-02-14 3,290 913 SL 25.000000000000 132 0 132  
    RESTAURANT APPLIANCES 2013-02-14 580 580 SL 5.000000000000 0 0 0  
    PARKING LOT 2013-09-26 188,312 58,850 SL 20.000000000000 9,416 0 9,416  
    FANS/LIGHTS 2013-02-28 2,462 2,462 SL 5.000000000000 0 0 0  
    FLOORING 2013-02-28 4,961 4,845 SL 7.000000000000 116 0 116  
    ELECTRICAL SYSTEM UPDATE 2013-03-31 7,449 1,256 SL 40.000000000000 186 0 186  
    SIGNS 2013-09-30 2,190 2,190 SL 5.000000000000 0 0 0  
    PAINTING 2013-12-31 1,400 210 SL 40.000000000000 35 0 35  
    TANKLESS WATER HEATER 2014-10-01 1,875 1,875 SL 5.000000000000 0 0 0  
    SIGNS 2014-09-16 8,830 8,830 SL 5.000000000000 0 0 0  
    CESSPOOL COVER 2014-10-02 4,600 1,612 SL 15.000000000000 307 0 307  
    RANGEHOOD FIRE SYSTEM 2014-10-21 4,057 4,057 SL 5.000000000000 0 0 0  
    WATER HEATER 2014-03-31 1,076 1,076 SL 5.000000000000 0 0 0  
    SIGNS 2014-01-31 2,302 2,302 SL 5.000000000000 0 0 0  
    URINALS 2015-09-22 2,292 1,947 SL 5.000000000000 345 0 345  
    GARAGE DOORS 2015-05-20 2,950 1,930 SL 7.000000000000 421 0 421  
    ROTARY MOWER 2016-03-23 30,203 22,653 SL 5.000000000000 6,041 0 6,041  
    TRACTOR 2016-03-23 5,208 3,907 SL 5.000000000000 1,042 0 1,042  
    AERATOR 2016-07-21 4,479 3,061 SL 5.000000000000 896 0 896  
    TURF EQMT 2016-02-11 34,160 26,759 SL 5.000000000000 6,832 0 6,832  
    B. HAYMAN CO PLANET AIR AERATOR 2017-01-13 13,541 8,124 SL 5.000000000000 2,708 0 2,708  
    KAUAI LAGOONS - TRACTOR 2017-01-24 1,000 583 SL 5.000000000000 200 0 200  
    KAUAI LAGOONS - 2 SAND PRO 2017-01-24 4,000 2,333 SL 5.000000000000 800 0 800  
    KAUAI LAGOONS - TRAILER/TRIPLEX 2017-01-24 500 292 SL 5.000000000000 100 0 100  
    KUKUIULA DEV - JACOBSEN 2017-01-24 3,500 2,042 SL 5.000000000000 700 0 700  
    B HAYMAN - TURF TRUCKSTER 2017-04-27 16,654 8,883 SL 5.000000000000 3,331 0 3,331  
    TILE FLOORING 2018-02-23 4,260 1,116 SL 7.000000000000 609 0 609  
    ICE MACHINE 2019-03-13 5,308 632 SL 7.000000000000 758 0 758  
    42 YAMAHA GOLF CARTS 2019-04-04 263,869 19,790 SL 10.000000000000 26,387 0 26,387  
    IMPROVEMENTS - ADA 2019-06-24 3,703 123 SL 15.000000000000 247 0 247  
    KUBOTA TRACTOR 2019-06-03 13,613 1,588 SL 5.000000000000 2,723 0 2,723  
    TURFCAT 4WD 2019-06-20 5,236 524 SL 5.000000000000 1,047 0 1,047  
    GOLF SHOP RENOVATIONS 2019-10-28 16,732 186 SL 15.000000000000 1,115 0 1,115  
    GOLF CARTS - 15 OF ORIG PURCH #109 2005-12-01 62,476 62,476 SL 10.000000000000 0 0 0  
    1 TURF GATOR UTILITY CART (#43) 2008-08-01 7,031 7,031 SL 5.000000000000 0 0 0  
    1 YAMAHA UTILITY CART (#57) 2009-11-12 7,880 7,880 SL 5.000000000000 0 0 0  
    1 UTILITY CART (#72) 2011-09-29 8,735 8,735 SL 5.000000000000 0 0 0  
    SOLAR VENTS 2020-11-27 3,120   SL 10.000000000000 26 0 26  
    GOLF CARTS - 4 OF ORIG PURCH #109, 117 2005-12-01 16,660 16,660 SL 10.000000000000 0 0 0  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    GOLF CARTS SOLD/DISPOSED 2005-12 PURCHASED 2020-01   6,700 45,816 COST 0 6,700 45,816
    FENCE DISPOSAL 2006-06 PURCHASED 2020-12     5,949 COST 0 -160 5,789

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Name of Bond End of Year Book Value End of Year Fair Market Value
    31428Q101 FEDERATED HERMES TOTAL RETURN BOND FND 426,826 446,528
    921937603 VANGUARD TOTAL BOND MARKET IND FND 572,160 610,210
    921937702 VANGUARD S/T BND INDX-ADM 306,721 311,789

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00206R102 AT&T INC 7,516 7,334
    004225108 ACADIA PHARMACEUTICALS INC 1,288 1,230
    00724F101 ADOBE SYSTEMS INC 12,830 18,004
    007903107 ADVANCED MICRO DEVICES INC 6,576 7,062
    01609W102 ALIBABA GROUP HOLDING LTD. SP ADR 12,756 10,938
    017175100 ALLEGHANY CORP 5,124 6,037
    020002101 ALLSTATE CORP 2,507 8,794
    02079K305 ALPHABET INC CL A 2,802 15,774
    023135106 AMAZON.COM INC 37,928 42,340
    037833100 APPLE INC 3,291 42,992
    038222105 APPLIED MATERIALS INC 9,649 13,463
    046353108 ASTRAZENECA PLC SP ADR 3,923 6,949
    05722G100 BAKER HUGHES CO 10,256 7,923
    060505104 BANK OF AMERICA CORP 4,928 5,274
    084670702 BERKSHIRE HATHAWAY INC CL B 3,536 10,202
    09247X101 BLACKROCK INC 5,995 6,494
    101137107 BOSTON SCIENTIFIC CORP 2,413 2,265
    12572Q105 CME GROUP INC 2,082 2,185
    126650100 CVS/CAREMARK CORP 5,705 5,737
    149123101 CATERPILLAR INC 5,576 7,281
    166764100 CHEVRON CORP 5,970 5,743
    17275R102 CISCO SYSTEMS 5,506 7,160
    172908105 CINTAS CORP 4,051 4,595
    172967424 CITIGROUP INC 9,339 8,386
    22822V101 CROWN CASTLE INTL CORP 5,093 5,094
    235851102 DANAHER CORP 11,003 11,996
    23636T100 DANONE SPONS ADR 8,915 8,057
    252131107 DEXCOM INC 1,964 1,849
    254687106 DISNEY WALT CO 5,449 9,421
    25470F302 DISCOVERY INC C 5,196 6,312
    26142R104 DRAFTKINGS INC CL A 6,984 6,379
    30303M102 META PLATFORMS INC CL A 12,362 18,575
    31428X106 FEDEX CORPORATION 5,363 8,567
    31620M106 FIDELITY NATIONAL INFO SVCS INC 2,732 2,688
    33616C100 FIRST REPUBLIC BANK/SAN FRAN 4,294 6,024
    337738108 FISERV INC 4,996 5,010
    337932107 FIRSTENERGY CORP 6,494 6,948
    338307101 FIVE9 INC 1,421 1,744
    345370860 FORD MOTOR COMPANY 7,648 6,320
    369550108 GENERAL DYNAMICS CORP 5,675 6,102
    369604103 GENERAL ELECTRIC CO 1,191 1,220
    375558103 GILEAD SCIENCES INC 7,082 5,593
    38141G104 GOLDMAN SACHS GROUP INC 5,955 7,384
    40131M109 GUARDANT HEALTH INC 1,894 2,320
    40434L105 HP INC. 6,497 9,713
    431475102 HILL-ROM HOLDINGS INC 3,820 3,919
    437076102 HOME DEPOT INC 4,085 5,578
    44267D107 THE HOWARD HUGHES CORP 6,409 4,341
    458140100 INTEL CORP 6,427 5,879
    460146103 INTERNATIONAL PAPER CO 4,529 5,171
    461202103 INTUIT 3,362 4,178
    46625H100 JP MORGAN CHASE & CO 4,094 12,961
    478160104 JOHNSON & JOHNSON 3,577 9,128
    487836108 KELLOGG CO 5,791 5,787
    501044101 KROGER CO 5,496 7,305
    517834107 LAS VEGAS SANDS CORP 3,791 4,708
    536797103 LITHIA MOTORS INC 3,905 3,805
    548661107 LOWES COS INC 4,563 4,655
    559222401 MAGNA INTERNATIONAL INC CL A 5,747 9,204
    58155Q103 MCKESSON CORP 7,574 8,870
    58733R102 MERCADOLIBRE INC 3,943 5,026
    58933Y105 MERCK & CO INC 2,135 4,499
    594918104 MICROSOFT CORP 31,308 47,375
    595112103 MICRON TECH INC 8,011 9,548
    60871R209 MOLSON COORS BEVERAGE CO 7,882 6,101
    617446448 MORGAN STANLEY 2,931 4,180
    64110L106 NETFLIX INC 2,875 3,244
    651639106 NEWMONT CORPORATION 4,773 10,601
    67066G104 NVIDIA CORP 6,927 7,311
    693718108 PACCAR INC 894 863
    70450Y103 PAYPAL HOLDINGS INC. 14,391 18,502
    717081103 PFIZER INC 4,871 5,890
    72352L106 PINTEREST INC CLASS A 3,376 6,063
    736508847 PORTLAND GENERAL ELECTRIC CORP 8,034 7,912
    742718109 PROCTER & GAMBLE CO 3,384 7,653
    747525103 QUALCOMM INC 10,041 20,261
    74834L100 QUEST DIAGNOSTICS INC 6,860 6,554
    75513E101 RAYTHEON TECHNOLOGIES CORP 5,323 6,936
    76680R206 RINGCENTRAL INC CLASS A 2,379 3,411
    78409V104 S&P GLOBAL INC 3,586 5,917
    79466L302 SALESFORCE.COM INC 18,328 16,690
    803054204 SAP SE SPONS ADR 5,778 6,389
    808513105 CHARLES SCHWAB CORP 4,710 6,895
    824348106 SHERWIN-WILLIAMS CO 4,062 9,554
    826197501 SIEMENS AG SP ADR 6,042 6,748
    842587107 SOUTHERN CO 3,985 4,423
    855244109 STARBUCKS CORP 10,782 13,586
    857477103 STATE STREET CORP COMMON 4,113 4,440
    872590104 T-MOBILE US INC 15,947 19,553
    893641100 TRANSDIGM GROUP INC 6,472 7,426
    902494103 TYSON FOODS INC CL A 4,098 4,382
    902973304 US BANCORP 4,885 6,989
    90353T100 UBER TECHNOLOGIES INC 3,021 3,774
    904767704 UNILEVER PLC SPONSORED ADR 7,623 7,726
    907818108 UNION PACIFIC CORP 4,628 4,997
    912008109 US FOODS HOLDING CORP 3,905 5,463
    91324P102 UNITEDHEALTH GROUP INC 9,313 10,871
    91879Q109 VAIL RESORTS INC 1,730 2,232
    92532F100 VERTEX PHARMACEUTICALS INC 3,669 3,309
    92556H206 VIACOMCBS INC-CLASS B 5,882 4,658
    92826C839 VISA INC CL A SHARES 1,884 22,529
    92857W308 VODAFONE GROUP PLC SP ADR 9,692 6,510
    931142103 WALMART INC 2,947 7,928
    962166104 WEYERHAEUSER CO 5,544 6,203
    G1151C101 ACCENTURE PLC CL A 6,273 7,053
    G5960L103 MEDTRONIC PLC 3,916 4,686
    H1467J104 CHUBB LTD 6,860 7,696
    H84989104 TE CONNECTIVITY LTD 4,650 7,385
    N6596X109 NXP SEMICONDUCTORS NV 8,269 10,813
    066922204 ISHARES S&P 500 INDEX FUND 430,788 781,644
    09253F879 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND 335,442 409,886
    256206103 DODGE & COX INTERNATIONAL STOCK FUND 82,357 102,050
    38144N593 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS INSTL 126,445 154,256
    47803W406 JOHN HANCOCK III DISC M/C-IS 133,025 236,653
    577130834 MATTHEWS PACIFIC TIGER FUND CL INS 63,739 76,622
    74144Q203 T ROWE PRICE INSTITUTIONAL EMERGING MARKETS EQUITY FUND 47,294 79,463
    74316J458 CONGRESS MID CAP GROWTH-INS 120,331 252,233
    921909818 VANGUARD TOTAL INTL ST INDEX FUND-ADM 370,969 467,985
    922908728 VANGUARD TOTL STK MKT IND-AD 546,217 1,099,431
    94984B348 WELLS FARGO ADVANTAGE INTERNATIONAL EQUITY FUND - I 93,089 103,854

    TY 2020 LandEtcSchedule2
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 11,189 0 11,189  
    CLUBHOUSE 101,016 101,013 3  
    CLUBHOUSE RECONSTRUCTION 96,689 96,689 0  
    CART STORAGE BLDG RECONSTRUCTION 31,277 31,277 0  
    WORKSHOP / WAREHOUSE 77,667 77,667 0  
    PAVILLION RECONSTRUCTION 43,117 43,117 0  
    RESTROOM #8 RENOVATION - ROOF, SKYLIGHT 8,268 8,199 69  
    CLUBHOUSE TILE ROOF 19,722 10,455 9,267  
    ENTRANCE FENCE 8,000 7,997 3  
    OFFICE STORAGE EXTENSION 9,329 4,662 4,667  
    ENTRANCE FENCE 7,346 7,346 0  
    50 GALLON SPRAYER 1,984 1,984 0  
    9 WITTEK BALL WASHERS 2,022 2,022 0  
    TORO GROUNDMASTER 20,729 20,729 0  
    PAVING (ENTRANCE GATE) 12,594 12,319 275  
    TORO GREENSMASTER GM3250 29,332 29,332 0  
    LANDSCAPING 71,368 67,801 3,567  
    TANDEM DISC HARROW 2,177 2,177 0  
    LANDSCAPING 6,074 4,995 1,079  
    2001 WITTEK 3 GANG BALL HAWK 2,563 2,563 0  
    LANDSCAPING 28,807 23,520 5,287  
    WASTE WATER SYSTEM 48,974 39,452 9,522  
    FULLY DEPRECIATED ASSETS 458,359 448,934 9,425  
    1999 CHETECH HIGHLANDER BUNKER RAKE 1,042 1,042 0  
    LANDSCAPING 52,324 39,240 13,084  
    LANDSCAPING 52,324 38,368 13,956  
    TORO ROUGH MOWER 32,954 32,954 0  
    BRONZE PLAQUES, WHALER'S POT, DEER SCULPTURE 1,212 898 314  
    REFRIGERATORS (2) 6,697 6,697 0  
    LANDSCAPING 44,426 32,829 11,597  
    DOORS 326 326 0  
    RAILING 2,150 2,150 0  
    KITCHEN HOOD 7,850 7,850 0  
    GARAGE DOORS 2,980 2,980 0  
    LANDSCAPING 52,324 37,787 14,537  
    LANDSCAPING 52,324 35,752 16,572  
    LANDSCAPING 53,797 36,458 17,339  
    SNACK BAR FLOORING 9,844 9,844 0  
    ROAD 82,500 56,375 26,125  
    LANDSCAPING 10,185 6,960 3,225  
    SIGNS 3,951 3,951 0  
    ROCK WALL 6,500 3,969 2,531  
    GREASE TRAP 2,458 2,458 0  
    PAVILLION ROOF 15,625 9,117 6,508  
    TRACTOR 42,177 42,177 0  
    VENTILATION LIGHTS (4) 4,320 3,276 1,044  
    A/V SYSTEM 1,342 1,342 0  
    KITCHEN APPLIANCES 4,987 4,987 0  
    SNACK BAR RENOVATION 4,936 2,605 2,331  
    RESTAURANT GAS LINES 3,290 1,045 2,245  
    RESTAURANT APPLIANCES 580 580 0  
    PARKING LOT 188,312 68,266 120,046  
    FANS/LIGHTS 2,462 2,462 0  
    FLOORING 4,961 4,961 0  
    ELECTRICAL SYSTEM UPDATE 7,449 1,442 6,007  
    SIGNS 2,190 2,190 0  
    PAINTING 1,400 245 1,155  
    TANKLESS WATER HEATER 1,875 1,875 0  
    SIGNS 8,830 8,830 0  
    CESSPOOL COVER 4,600 1,919 2,681  
    RANGEHOOD FIRE SYSTEM 4,057 4,057 0  
    WATER HEATER 1,076 1,076 0  
    SIGNS 2,302 2,302 0  
    URINALS 2,292 2,292 0  
    GARAGE DOORS 2,950 2,351 599  
    ROTARY MOWER 30,203 28,694 1,509  
    TRACTOR 5,208 4,949 259  
    AERATOR 4,479 3,957 522  
    TURF EQMT 34,160 33,591 569  
    B. HAYMAN CO PLANET AIR AERATOR 13,541 10,832 2,709  
    KAUAI LAGOONS - TRACTOR 1,000 783 217  
    KAUAI LAGOONS - 2 SAND PRO 4,000 3,133 867  
    KAUAI LAGOONS - TRAILER/TRIPLEX 500 392 108  
    KUKUIULA DEV - JACOBSEN 3,500 2,742 758  
    B HAYMAN - TURF TRUCKSTER 16,654 12,214 4,440  
    TILE FLOORING 4,260 1,725 2,535  
    ICE MACHINE 5,308 1,390 3,918  
    42 YAMAHA GOLF CARTS 263,869 46,177 217,692  
    IMPROVEMENTS - ADA 3,703 370 3,333  
    KUBOTA TRACTOR 13,613 4,311 9,302  
    TURFCAT 4WD 5,236 1,571 3,665  
    GOLF SHOP RENOVATIONS 16,732 1,301 15,431  
    1 TURF GATOR UTILITY CART (#43) 7,031 7,031 0  
    1 YAMAHA UTILITY CART (#57) 7,880 7,880 0  
    1 UTILITY CART (#72) 8,735 8,735 0  
    SOLAR VENTS 3,120 26 3,094  
    GOLF CARTS - 4 OF ORIG PURCH #109, 117 16,660 16,660 0  


    TY 2020 LegalFeesSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 36 0 0 36
    LEGAL FEES 788 788 788 0


    TY 2020 OtherAssetsSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FUNDS ON DEPOSIT - KM LLC #3784 26,065 30,066 30,066


    TY 2020 OtherExpensesSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES, FEES AND LICENSES 3,182 0 3,182 0
    INSURANCE 120,184 0 116,634 3,550
    OCCUPANCY/UTILITIES 26,670 0 26,582 88
    PAYROLL TAXES 48,321 0 48,321 0
    REPAIR AND MAINTENANCE 69,376 0 69,376 0
    SUPPLIES 7,389 0 7,389 0
    BCG MANAGEMENT FEES 60,000 0 60,000 0
    MISCELLANEOUS 17,919 0 17,919 0
    INVMT EXP 28 0 0 28
    SALES AND PROMOTIONAL EXP 1,299 0 0 1,299
    OPERATING EXP IN EXCESS OF INCOME 0 0 -485,891 485,891
    INSURANCE 7,594 7,594 7,594 0
    OCCUPANCY/UTILITIES 5,352 5,352 5,352 0
    GENERAL EXCISE TAX 11,024 11,024 11,024 0
    REAL PROPERTY TAX 51,431 51,431 51,431 0
    MANAGEMENT FEES 2,740 2,740 2,740 0
    REPAIRS & MAINTENANCE 928 928 928 0
    MISC FEES 41 41 41 0


    TY 2020 OtherIncomeSchedule2
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CLUBHOUSE INCOME 46,740   46,740
    DRIVING RANGE 21,775   21,775
    CARTS 142,102   142,102
    2017 FED REFUND 5,185   5,185


    TY 2020 TaxesSchedule
    Name:
    KUKUIOLONO PARK TRUST ESTATE
    EIN:
    99-6003335
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL PROPERTY TAXES - NON-INCOME PRODUCING 14,973 0 0 14,973
    FOREIGN TAXES 145 145 0 0
    GENERAL EXCISE TAXES 31,967 0 31,967 0