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
SHIRAKI MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4348 WAIALAE AVE STE 592
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96816
A Employer identification number

94-3274547
B Telephone number (see instructions)

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$6,884,436J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 38,205    
5a Gross rents............ 205,262    
b Net rental income or (loss) 118,182
6a Net gain or (loss) from sale of assets not on line 10 39,321
b Gross sales price for all assets on line 6a 686,558
7 Capital gain net income (from Part IV, line 2)... 39,321
8 Net short-term capital gain......... 13,126
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).......      
12 Total. Add lines 1 through 11........ 282,788 39,321 13,126
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,948      
c Other professional fees (attach schedule).... Click to see attachment 30,537 30,537    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,000 3,000    
19 Depreciation (attach schedule) and depletion... Click to see attachment 9,161    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 82,834      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 131,480 33,537   0
25 Contributions, gifts, grants paid....... 96,303 96,303
26 Total expenses and disbursements. Add lines 24 and 25 227,783 33,537   96,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 55,005
b Net investment income (if negative, enter -0-) 5,784
c Adjusted net income (if negative, enter -0-)... 13,126
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............. 112,124 113,330 113,330
2 Savings and temporary cash investments......... 72,184 76,642 76,642
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,416,741 Click to see attachment1,459,618 1,867,811
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,994,652
Less: accumulated depreciation (attach schedule) bullet406,215 1,570,448 1,588,437 4,805,100
15 Other assets (describe bullet) 33,078 21,553 Click to see attachment21,553
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,204,575 3,259,580 6,884,436
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 4,131,428 4,131,428
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds -926,853 -871,848
29 Total net assets or fund balances (see instructions)..... 3,204,575 3,259,580
30 Total liabilities and net assets/fund balances (see instructions). 3,204,575 3,259,580
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
3,204,575
2
Enter amount from Part I, line 27a .....................
2
55,005
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,259,580
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,259,580
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 ALCON INC P   2020-12-17
b ALLIANCE DATA MANAGEMENT INC P   2020-09-24
c ANNALY CAPITAL MANAGEMENT INC P   2020-04-23
d APPLIED MATERIALS INC P 2020-03-24 2020-06-29
e ARISTA NETWORKS INC P   2020-09-23
BAKER HUGHES CO P   2020-06-09
BRIXMOR PPTY GROUP INC P   2020-01-06
CENTERPOINT ENERGY INC P   2020-07-08
CORTEVA INC P   2020-03-02
DELL TECHNOLOGIES P   2020-09-24
DELTA AIRLINES INC P   2020-09-17
ETRADE FINANCIAL CORP P   2020-03-24
EBAY INC P   2020-07-13
EQT CORP P 2019-07-24 2020-04-23
EXEDIA GROUP P 2019-11-13 2020-09-14
FIRST ENERGY CORP P   2020-10-29
FOOT LOCKER INC P   2020-06-26
FRANKLIN RESOURCES P 2020-01-29 2020-06-25
GAMING LEISURE PPTYS P   2020-12-24
HD SUPPLY HOLDDING P   2020-12-09
JETBLUE AIRWAYS CORP P 2019-03-26 2020-03-19
L BRANDS INC P   2020-03-24
LIBERTY MEDIA CORP P   2020-06-01
MYLAN NV P   2020-11-17
PERRIGO CO LTD P   2020-03-27
POST HOLDING INC P 2019-06-20 2020-04-06
QORVP INC P   2020-01-15
QURATE RETAILING INC P 2020-07-08 2020-12-24
QUARTE RETAIL INC 80 CUM P 2020-07-08 2020-09-25
SIGNATURE BANK P   2020-05-27
THE MOSAIC CO P 2019-09-17 2020-08-01
TRAMSDIGM GRP P   2020-09-17
VIACOMBS INC P   2020-06-05
TYSON FOODS INC P   2020-12-15
WABTEC CORP P   2020-09-15
WESLAKE CHEMICAL P 2019-07-03 2020-03-31
ZIMMER BIOMET HLDGS P   2020-09-14
ALASKA AIR GROUP P   2020-06-02
ALLSTATE CORP P   2020-02-04
AMERISOURCEBERGEN CORP P 2019-01-14 2020-03-02
ANTERO RES CORP P   2020-09-25
ARAMARK HOLDING CORP P   2020-11-16
CARDINAL HEALTH INC P   2020-03-26
CENTERPOINT ENERGY INC P   2020-11-16
COT GROUP INC P   2020-01-28
COLONY CAP INC P   2020-10-28
COTY INC P   2020-03-16
DOLLAR TREE P 2019-03-27 2020-12-02
ETRADE FINANCIAL CORP P   2020-03-30
EQT CORP P   2020-04-23
EXPEDIA GROUP P   2020-12-04
FIRST ENERGY CORP P   2020-12-10
FOOT LOCKER INC P   2020-06-26
GAMING & LEISURE PPTYS P 2018-09-12 2020-09-25
GENERAL MILLS INC P   2020-03-27
HD SUPPLY HOLDINGS P   2020-12-09
JEFFERIES FNL GRP P   2020-06-29
JETBLUE AIRWAYS P   2020-03-19
LABORATORY CP AMER HLDG P   2020-07-27
LIBERTY BRAODBAND CORP P 2018-08-27 2020-12-21
LIBERTY MEDIA CORP P   2020-06-01
LOWES CORP P   2020-12-30
NEWS CORPORATION P   2020-10-13
POST HOLDING P 2018-09-24 2020-04-06
PPL CORPORATION P   2020-12-22
QORVO INC P   2020-07-31
QUARTE RETAIL INC SER A P   2020-12-24
QURTE RETAIL INC 80 P   2020-09-25
THE JM SMUCKER CO P   2020-03-24
TRINITY IND P   2020-10-02
UNITED THERAPEUTICS P   2020-07-08
US FOOD HOLDING CORP P   2020-04-28
VERIT INC P   2020-04-13
VIACOMCBS INC P   2020-12-30
WILLIAMS CO P   2020-06-02
WILLIS TOWERS WATSON P   2020-03-31
ZINNER BIOMET HLDGS INC P   2020-09-02
ACTIVISION BLIZZARD INC P 2019-09-27 2020-09-22
ALLERGAN PLC SHS P 2019-05-07 2020-03-05
AMDOCS LIMITED P 2020-03-17 2020-11-19
BPRG WARNER P 2019-08-19 2020-01-28
BRISTOL MYERS SQUIBB CO P 2019-06-24 2020-01-24
CENTERPOINT ENERGY INC P   2020-10-13
COCA COLA P 2019-09-04 2020-06-03
CONCHO RES INC P 2019-05-09 2020-01-08
DELTA AIR LINES INC P 2019-12-09 2020-06-05
ENTERGY CORP P 2020-04-01 2020-05-20
EQUITRANS MIDSTREAM CORP P   2020-03-13
FIRSTENERGY CORP P 2020-06-23 2020-07-22
GILEAD SCIENCE P 2019-10-08 2020-03-26
GLOBE LIFE INC P 2020-03-19 2020-11-19
INCYTE CORP P   2020-09-03
NORDSTROM INC P 2020-01-31 2020-03-19
STATE STREET CORP P 2020-03-23 2020-10-19
T MOBILE US INC P   2020-06-30
US TSY NOTE P 2019-06-28 2020-04-15
WAGREEM BPPTS ALLIANCE P   2020-08-18
COMCAST CORP P 2020-01-24 2020-11-18
ACTIVISION BLIZZARD P 2019-09-27 2020-12-14
ALLERGAN PLC P   2020-03-05
ALPHABET INC P 2015-01-14 2020-11-20
ARCHER DANIELS MIDLAND P 2019-10-18 2020-11-03
BANK OF AMERICA P   2020-11-20
BIO RAD LAB P   2020-12-17
BORG WARNER INC P   2020-01-28
BROADCOM INC P   2020-12-03
CIT GROUP P   2020-03-13
CITIGROUP INC P   2020-12-04
CNA FNL CORP P 2014-07-29 2020-04-15
COLONY CAP INC P   2020-03-18
CPMCJP RES OMC P 2018-12-28 2020-01-08
DELTA AIR LINES INC P   2020-06-05
DISCOVER RINCL SVCS P 2015-02-06 2020-10-27
DICOVERY COMMUNI P 2018-02-27 2020-06-01
DUPONTE DE NEMOURS INC P 2016-12-12 2020-11-19
EQT CORP P   2020-01-24
EQUITRANS MIDSTREAM CORP P   2020-03-13
FIRST HORIZON NATL CORP P 2017-08-09 2020-03-23
FIRST ENERGY CORP P   2020-07-22
GENERAL MTRS P   2020-11-23
GILEAD SCIENCE P   2020-03-26
GILEAD SCIENCE 3700 P   2020-01-14
HESS CORP P   2020-06-09
INGERSOLL RAND INC P   2020-05-20
KINGFISHER PLC SPONS ADR P   2020-01-29
METLIFE INC P 2014-06-18 2020-06-01
QUEST DIAGNOSTICS INC P 2019-03-29 2020-06-09
RAYTHEON CO P 2011-08-16 2020-01-28
RAYTEON TECH P 2011-08-17 2020-04-03
RENAISSANCE RE HOLDING LTD P 2017-05-22 2020-01-21
SEAGATE TECH P   2020-12-03
SUNCOR ENERGY P   2020-03-23
SYNCRONY FINANCIAL P   2020-03-23
TERADYNE INC P   2020-07-08
TRANE TECH P   2020-11-20
TRINITY IND P   2020-12-29
UNUMPROVIDENT CORP P   2020-03-24
SD TSY BD P   2020-04-07
US TSY BD P 2014-01-07 2020-01-17
US TSY NOTE P   2020-01-17
US TSY MPTE P   2020-04-02
US TSY NOTE P 2019-02-01 2020-06-25
VIACOMCBS INC P   2020-09-30
AON PLC CL A P 2009-12-03 2020-09-24
JPMORGAN CHASE & CO P   2020-11-24
US TSY NOTE P 2011-03-18 2020-03-31
ALCON INC P 2020-06-09 2020-12-15
ANHEUSER BUSCH INBEV P 2019-03-06 2020-02-07
ENVISTA HLDGS P   2020-03-20
INVESCO FUNDTL HIGH YEILD P 2019-09-25 2020-05-18
ISHARES SHORT TERM COR BND P 2019-09-25 2020-05-18
ISHARES 7-10 YR TREAS BD P 2019-09-25 2020-06-05
KAO CORP P 2019-09-25 2020-06-08
PTC INC P 2019-10-24 2020-08-19
VESTAS WIND SYSTEMS P 2020-06-09 2020-12-16
WEIR GROUP PLC SPONS P 2019-09-25 2020-03-16
ALCON INC P   2020-12-15
ANHEUSER BUSCH INBEV P 2018-01-12 2020-02-07
BUNZL PLC P   2020-09-01
CAMADIAN NATL RAILWAY P   2020-03-12
CISCO SYS INC P   2020-06-08
COMPASS GROUP PLC P   2020-08-28
HANG SEND BANK LTD P   2020-10-20
HONEYWELL INTERNATIONAL P   2020-03-12
INTERCONTINENTAL ALEXCHANGE P   2020-06-09
INVESCO FUNDTL HIGH YIELD P 2017-10-11 2020-05-18
ISHARES SHORT TERM COR BD P 2018-08-16 2020-05-18
ISHARES BARCLAYS 1-3 P   2019-03-27
ISHARES 7-10 YR TREASRY P 2019-03-26 2020-06-05
ISRAEL DISC BK P 2017-04-06 2020-10-20
KAO P 2017-05-19 2020-06-08
MICROSOFT CORP P   2020-03-12
NOVARTIS AG ADR P   2020-06-08
OVERSEA CHINESE BKG CORP P   2020-03-16
PALO ALTO NETWORKS P 2019-10-28 2020-12-15
PTC INC P   2020-12-15
ROCKWELL AUTOMATION INC P   2020-03-12
S&P GLOBAL INC P 2016-09-27 2020-03-12
SANLAM LTD P   2020-10-20
SYMRISE AG UNSOPNS ADR P 2014-08-13 2020-12-15
TECHNOPRO HLDGS P   2020-03-17
THERMO RISHER SCIENTIFIC P   2020-10-19
VISA INC P   2020-12-15
WEIR GROUP PLC SPON P 2018-10-09 2020-03-16
YAMAHA CORP P   2020-12-16
ZOETIS INC P 2016-03-29 2020-12-15
ALCON INC P 2020-06-30 2020-10-16
ALIBABA GROUP P   2020-07-27
ANSYS INC P 2019-09-25 2020-04-14
BRIGHT HORIZONS FAMILY P   2020-04-23
CHARLES SCHWAB P   2020-09-28
CIENA CORP P   2020-10-16
COMCAST CORP P   2020-03-16
CREE RESEARCH INC P   2020-10-10
FLEXTRONICS INTL P 2019-10-22 2020-10-16
HEXCEL CORP P 2019-12-19 2020-01-14
KONINKLEJKE PHIL EL SP P 2019-07-19 2020-04-14
LABORATORY CP AMER HLDGS P   2020-10-16
LULUEMON ATHLECTICA P   2020-10-16
LUMENTUM HOLDINGINC P 2019-04-02 2020-02-20
MAXIMUS INC P 2020-07-31 2020-10-16
NESTLE SPON ADR P   2020-07-02
NIKE INC P 2019-07-19 2020-04-14
NXP SEMICONDUTORS NV P   2020-10-16
PAYPAL HLDGS INC P 2019-08-23 2020-04-14
QIAGEN NV P   2020-03-26
SBA COMMUNICATIONS CORP P 2020-04-22 2020-10-16
SQUARE INC P   2020-04-21
STARBUCKS CORP WASH P   2020-09-25
STERIS PLC P 2020-06-30 2020-10-16
TESLA INC P   2020-07-28
TREX CO P 2020-02-24 2020-10-16
US TSY NOTE P 2019-03-29 2020-03-19
US TSY NOTE P 2019-03-29 2020-03-19
V F CORP P   2020-03-27
WALT DISNEY CO P 2020-03-19 2020-07-27
WASTE MGMT INC P 2020-02-21 2020-10-16
ZENDESK INC P 2019-07-19 2020-04-14
AB CORPORATE INC P   2020-03-27
AFLAC INC P 2018-11-29 2020-10-16
ALIBABA GRP HLDG P   2020-07-27
AMERICAN WATER WORKS P   2020-10-16
ANSYS INC P 2019-09-25 2020-10-16
APPLE INC P   2020-10-16
APTIV PLC P   2020-10-16
BIO RAD LAB P 2016-12-19 2020-10-16
BRIGHT HORIZONS FAMILY SOLUT P   2017-12-04
CHARLES SCHWAB P   2020-09-28
DANAHER CORP P   2020-10-16
ECOLAB INC P   2020-12-10
HEXCEL CORP P   2020-01-14
HOME DEPOT P   2020-10-16
ICON PLC P   2020-10-16
INTERCONTINENTALEXHANGE P   2020-10-16
KEYSIGHT TECHNOLOGIES P 2019-02-15 2020-10-16
KONINKLIJKE PHIL P   2020-10-16
LUMENTUM HLDGS P   2020-10-16
MICROSOFT CORP P   2020-10-16
MONOLITHIC PWR SYS P   2020-11-17
MSCI INC P   2020-10-16
NESTLE SPON P   2020-07-02
NEXTERA ENERGY P   2020-10-16
NIKE INC P 2019-07-19 2020-10-16
NVIDA CORP P   2020-10-16
PAYPAL HLDGS P   2020-10-16
PROCTOR & GAMBLE P   2020-10-16
PROOFPOINT INC P 2019-01-11 2020-10-16
ROCKWELL AUTOMATION P   2020-10-16
SALESFORCECOM P   2020-10-16
SQUARE INC P   2020-11-13
UNITEDHEALTH GP INC P   2020-10-16
US TSY BD P 2017-04-26 2020-03-02
US TSU BD P 2017-11-06 2020-10-08
US TSY BD P 2015-09-04 2020-10-08
US TSY BD P 2017-02-02 2020-10-08
US TSY BD P   2020-03-19
US TSY BD P 2018-08-07 2020-10-08
US TSY BD P 2016-09-12 2020-10-08
US TSY BD P 2018-11-07 2020-03-19
US TSY NOTE P 2016-03-21 2020-03-02
US TSY NOTE P 2016-11-02 2020-03-02
US TSY NOTE P   2020-11-02
US TSY NOTE P   2020-07-31
US TSY NOTE P 2017-06-30 2020-10-08
US TSY NOTE P   2020-10-08
US TSY NOTE P 2017-04-04 2020-03-02
US TSY NOTE P   2020-03-19
US TSY NOTE P 2015-11-03 2020-10-08
US TSY NOTE P   2020-03-19
US TSY NOTE P 2015-05-14 2020-03-19
V FF CORP P   2020-03-27
VESTAS WIND SYS P   2020-10-16
VISA INC P   2020-10-16
WALT DISNEY CO P   2020-07-27
WEST PHARMACEUTICAL SVC P   2020-12-10
XYLEM INC P   2020-10-16
ZENDESK INC P 2019-07-19 2020-10-16
BRUKER CORP P   2016-08-25
ADJUSTMENT 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 3,613   2,983 630
b 1,199   3,091 -1,892
c 2,628   4,008 -1,380
d 1,649   1,257 392
e 2,583   2,586 -3
1,059   1,324 -265
2,846   2,462 384
1,917   3,176 -1,259
1,578   1,581 -3
3,681   2,714 967
1,463   1,401 62
2,341   3,213 -872
2,912   1,862 1,050
82   96 -14
1,239   1,249 -10
4,304   4,960 -656
1,741   3,136 -1,395
1,715   2,062 -347
1,647   1,498 149
4,248   2,434 1,814
616   1,278 -662
3,168   4,288 -1,120
69     69
2,647   2,767 -120
5,484   5,000 484
437   522 -85
2,143   1,310 833
662   389 273
175   193 -18
2,511   2,956 -445
1,435   1,793 -358
4,138   3,135 1,003
2,137   3,338 -1,201
1,790   1,518 272
1,008   764 244
1,109   1,952 -843
4,326   3,428 898
3,153   4,989 -1,836
1,448   1,047 401
2,001   1,768 233
2,375   13,344 -10,969
2,059   1,744 315
3,840   3,899 -59
4,797   6,522 -1,725
2,601   2,444 157
2,467   3,816 -1,349
2,205   2,629 -424
1,231   1,150 81
3,351   3,890 -539
1,314   1,935 -621
8,218   7,692 526
2,058   1,138 920
2,124   3,777 -1,653
25   22 3
3,907   2,863 1,044
5,471   3,942 1,529
4,266   6,286 -2,020
1,185   2,591 -1,406
5,259   3,656 1,603
3   2 1
127     127
1,820   1,996 -176
2,780   2,694 86
438   504 -66
4,907   5,072 -165
1,776   903 873
2,659   3,033 -374
903   1,502 -599
2,956   2,919 37
6,352   6,879 -527
4,831   4,871 -40
2,261   3,569 -1,308
3,015   3,739 -724
4,252   5,746 -1,494
2,132   3,133 -1,001
5,444   4,272 1,172
5,690   4,761 929
2,383   1,518 865
1,157   849 308
833   613 220
1,209   1,106 103
1,280   914 366
6,037   4,920 1,117
6,666   6,305 361
1,095   1,324 -229
286   446 -160
1,168   1,010 158
771   2,551 -1,780
1,815   2,447 -632
928   807 121
650   456 194
7,297   5,728 1,569
1,373   2,635 -1,262
1,105   755 350
6   9 -3
1,034   1,001 33
3,459   3,862 -403
1,148   1,022 126
1,630   994 636
6,885   5,686 1,199
1,748   504 1,244
3,946   3,256 690
3,807   2,472 1,335
6,680   2,229 4,451
2,351   2,656 -305
2,642   1,744 898
4,021   5,416 -1,395
1,402   989 413
1,108   1,109 -1
1,040   4,202 -3,162
2,099   2,354 -255
3,887   5,403 -1,516
395   353 42
2,157   1,914 243
434   603 -169
1,490   6,558 -5,068
1,013   7,103 -6,090
28   71 -43
5,943   5,787 156
1,303   674 629
4,855   4,987 -132
6,368   6,077 291
287   256 31
1,011   323 688
2,734   3,731 -997
1,123   1,028 95
1,507   1,169 338
454   82 372
44   12 32
1,153   828 325
2,360   1,887 473
1,360   3,744 -2,384
940   2,069 -1,129
3,790   1,575 2,215
3,938   686 3,252
2,089   2,168 -79
1,907   5,452 -3,545
4,060   3,057 1,003
2,691   2,163 528
3,982   3,992 -10
11,177   10,984 193
7,204   6,975 229
4,396   8,897 -4,501
397   98 299
1,286   277 1,009
4,120   4,012 108
64   62 2
1,649   1,809 -160
1,028   2,569 -1,541
35   38 -3
108   107 1
119   112 7
32   30 2
1,243   994 249
1,691   869 822
44   80 -36
1,798   1,529 269
300   459 -159
3,196   3,034 162
902   884 18
3,242   1,722 1,520
2,652   3,052 -400
2,078   3,670 -1,592
1,675   756 919
1,463   623 840
121   134 -13
700   676 24
40,814   39,726 1,088
2,269   2,021 248
2,404   2,015 389
3,098   2,356 742
1,313   451 862
4,551   4,172 379
2,840   4,159 -1,319
317   228 89
1,139   704 435
1,386   1,341 45
675   381 294
1,501   3,047 -1,546
817   345 472
1,908   2,395 -487
2,332   720 1,612
1,826   416 1,410
753   1,722 -969
4,897   3,581 1,316
2,249   604 1,645
804   745 59
2,755   1,981 774
255   214 41
1,539   1,740 -201
755   774 -19
5,523   4,836 687
4,251   4,794 -543
10,243   5,139 5,104
2,544   1,906 638
1,015   962 53
293   306 -13
1,486   1,514 -28
2,362   1,788 574
1,025   683 342
620   664 -44
1,337   1,230 107
350   349 1
874   839 35
329   327 2
5,839   5,039 800
622   598 24
1,167   1,406 -239
5,373   5,472 -99
946   761 185
11,417   3,776 7,641
618   414 204
1,059   995 64
1,127   1,017 110
1,342   1,819 -477
814   674 140
1,043   1,115 -72
209   274 -65
12,908   12,666 242
521   636 -115
4,873   3,074 1,799
1,179   432 747
703   429 274
4,270   1,469 2,801
1,138   809 329
1,670   540 1,130
3,316   2,629 687
3,166   3,876 -710
2,346   1,153 1,193
3,697   1,950 1,747
3,825   2,285 1,540
991   541 450
1,176   516 660
1,174   323 851
421   321 100
1,435   1,256 179
824   525 299
1,401   445 956
2,634   957 1,677
3,166   749 2,417
5,898   4,398 1,500
2,904   1,597 1,307
768   524 244
3,567   529 3,038
2,092   1,200 892
1,087   699 388
665   553 112
1,413   530 883
3,251   910 2,341
5,054   2,068 2,986
1,788   952 836
1,127   863 264
1,272   990 282
1,290   997 293
1,296   966 330
2,512   1,956 556
2,656   1,958 698
1,556   1,369 187
1,448   1,234 214
1,002   998 4
1,006   999 7
3,000   3,000  
10,009   10,001 8
2,055   1,987 68
2,042   1,996 46
1,022   1,000 22
2,045   2,006 39
1,080   987 93
3,142   2,980 162
1,081   1,022 59
2,918   3,370 -452
4,600   2,751 1,849
1,151   368 783
3,217   2,942 275
6,020   2,510 3,510
1,266   498 768
563   456 107
726   401 325
27     27
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       630
b       -1,892
c       -1,380
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 39,321
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 13,126
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 80
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 80
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 80
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,014
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,014
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 3,934
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,000 RefundedBullet 11 2,934
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (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 addressbullet  
    14
    The books are in care ofbulletGREGORY WONG TREASURER Telephone no.bullet (808) 222-4848

    Located atbullet4348 WAIALAE AVE SUITE 592HONOLULUHI ZIP+4bullet96816
    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
     
     
    ........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
     
     
    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
    CLYDE KAKIUCHI PRESIDENT
    4.00     		0 0 0
    2020 VANCOUVER DRIVE
    HONOLULU,HI96822
    DANETTE KONG VICE PRESIDENT
    4.00     		0 0 0
    788 UPPER KINO DR
    KULA,HI96790
    ROY MIZUSHIMA VICE PRESIDENT
    3.00     		0 0 0
    2020 VANCOUVER DRIVE
    HONOLULU,HI96822
    GAIL GIERHART SECRETARY
    4.00     		0 0 0
    2020 VANCOUVER DRIVE
    HONOLULU,HI96822
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION PROVIDES FINANCIAL AID TO HAWAII STUDENTS AT BAPTIST THEOLOGICAL SEMINARIES 81,634
    2 THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO RETREATS CAMPS YOUTH ACTIVITIES AND MINISTRY WORK THAT WILL SPREAD THE GOSPEL 14,669
    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 NA 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    1,775,710
    b
    Average of monthly cash balances.......................
    1b
    187,142
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,133,625
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,096,477
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,096,477
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    76,447
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,020,030
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    251,002
    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
    251,002
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    80
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    80
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    250,922
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    250,922
    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
    250,922
    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
    96,303
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    96,303
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    96,303
    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 7 250,922
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 77,277
    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$ 96,303
    a Applied to 2019, but not more than line 2a 77,277
    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..... 19,026
    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 ..........     		231,896
    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
     
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the 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 e-mail address of the person to whom applications should be addressed:
    STANLEY TOGIKAWA
    3165 OAHU AVENUE
    HONOLULU,HI96822
    (808) 284-5413
    bThe form in which applications should be submitted and information and materials they should include:
    INDICATION OF THE PURPOSE OF THE ORGANIZATION OR INDIVIDUAL SEEKING SUPPORT
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS ARE LIMITED TO HAWAII RESIDENTS ATTENDING SOUTHERN BAPTIST SEMINARIES OR SCHOOLS AND WHO ARE ALSO SOUTHERN BAPTIST CHURCH MEMBERS
    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
    SOUTHERN BAPTIST SEMINARY
    2825 LEXINGTON RD
    LOUISVILLE,KY40280     		NONE PC SCHOLARSHIP FOR SEMINARY STUDENTS 9,564
    SOUTHWESTERN BAPTIST SEMINARY
    PO BOX 22500
    FORT WORTH,TX76122     		NONE PC SCHOLARSHIPS FOR SEMINARY STUDENTS 37,605
    NEW ORLEANS BAPTIST SEMINARY
    3939 GENTILLY BLVD
    NEW ORLEANS,LA70126     		NONE PC SCHOLARSHIPS FOR SEMINARY STUDENTS 16,770
    GATEWAY SEMINARY
    3210 E GUASTI RD
    ONTARIO,CA91761     		NONE PC SCHOLARSHIPS FOR SEMINARY STUDENTS 17,695
    OAHU BIBLE INSTITUTE
    2345 NUUANU AVE
    HONOLULU,HI96817     		NONE PC SUPPORT OF CHARITABLE PURPOSE 4,800
    VARIOUS CHRISTIAN MINISTRIES
    2020 VANCOUVER DR
    HONOLULU,HI96822     		NONE PC PROVIDE SUPPORT FOR VARIOUS CHRISTIAN MINISTRIES 9,869
    Total .................................bullet 3a 96,303
    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 9,096  
    4 Dividends and interest from securities....     14 29,109  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 118,182  
    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 39,321  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   195,708  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    195,708
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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

    TY 2020 AccountingFeesSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 5,948 0 0 0

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

    TY 2020 DepreciationSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    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
    2241 CITRON 1997-07-01 95,728 82,082 M 27.5 3,481 0 0  
    707 OLOKELE 1997-07-01 127,141 103,832 M 27.5 4,623 0 0  
    DATE ST IMPROV 1997-07-01 3,171 2,590 M 27.5 115 0 0  
    DATE PAVING 2004-03-11 12,330 6,221 M 15 448 0 0  
    AUTO 2001-03-01 2,500 2,500 M 5 0 0 0  
    2020 VANCOUVER DR 2001-05-01 197,829 197,829 M 15 0 0 0  
    FURNITURE 2002-01-11 2,000 2,000 M 5 0 0 0  
    LAND 2241 CITRON 1997-07-01 661,800 0 NDA   0 0 0  
    LAND 707 OLOKELE 1997-07-01 565,600 0 NDA   0 0 0  
    LAND 2020 VANCOUVER 2001-05-01 268,482 0 NDA   0 0 0  
    LAND MERIDAN 1997-07-01 26,554 0 NDA   0 0 0  
    LAND BASE 1997-07-01 4,366 0 NDA   0 0 0  
    DATE ST IMPROVEMENT 2020-12-15 27,151 0 M 27.5 494 0 0  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS 1,459,618 1,867,811

    TY 2020 OtherAssetsSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TRUST ACCOUNT 30,682 19,157 19,157
    DEPOSITS 2,396 2,396 2,396


    TY 2020 OtherExpensesSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO 1,737 0 0 0
    OFFICE SUPPLIES & EXPENSES 1,954 0 0 0
    RENTAL - LANDSCAPING 2,850 0 0 0
    RENTAL - APPLIANCES 509 0 0 0
    RENTAL - REPAIRS & MAINTENANCE 600 0 0 0
    RENTAL - MANAGEMENT FEES 16,462 0 0 0
    RENTAL - UTILITIES 18,478 0 0 0
    RENTAL - TAXES 21,203 0 0 0
    RENTAL - INSURANCE 14,276 0 0 0
    RENTAL - MISCELLANEOUS 3,540 0 0 0
    TRRUSTEE LIABILITY 1,225 0 0 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 30,537 30,537 0 0


    TY 2020 TaxesSchedule
    Name:
    SHIRAKI MEMORIAL FOUNDATION
    EIN:
    94-3274547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 3,000 3,000 0 0