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
PADOSI FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 160926
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96816
A Employer identification number

47-3227718
B Telephone number (see instructions)

(808) 735-8001
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$9,358,973J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 222,511 222,511  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 370,158
b Gross sales price for all assets on line 6a 6,599,825
7 Capital gain net income (from Part IV, line 2)... 370,158
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 592,669 592,669  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 4,476 0   0
c Other professional fees (attach schedule).... Click to see attachment 119,438 119,438   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,200 11,200   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,116 130,638   0
25 Contributions, gifts, grants paid....... 5,097,497 5,097,497
26 Total expenses and disbursements. Add lines 24 and 25 5,232,613 130,638   5,097,497
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,639,944
b Net investment income (if negative, enter -0-) 462,031
c Adjusted net income (if negative, enter -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............. 2    
2 Savings and temporary cash investments......... 1,809,432 668,728 668,728
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) 2,382,416 Click to see attachment1,925,051 1,968,596
b Investments—corporate stock (attach schedule)....... 1,158,421 Click to see attachment731,125 1,272,741
c Investments—corporate bonds (attach schedule)....... 2,254,024 Click to see attachment774,520 815,598
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,886,500 Click to see attachment3,769,429 4,633,310
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,490,795 7,868,853 9,358,973
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,490,795 7,868,853
29 Total net assets or fund balances (see instructions)..... 12,490,795 7,868,853
30 Total liabilities and net assets/fund balances (see instructions). 12,490,795 7,868,853
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
12,490,795
2
Enter amount from Part I, line 27a .....................
2
-4,639,944
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18,002
4
Add lines 1, 2, and 3 ..........................
4
7,868,853
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
7,868,853
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 MORGAN STANLEY #5889 P    
b MORGAN STANLEY #5889 P    
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 547,878   529,799 18,079
b 6,020,462   5,699,868 320,594
c 31,485     31,485
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       18,079
b       320,594
c       31,485
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 2 370,158
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  
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 6,422
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 6,422
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 6,422
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,800
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 5,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 622
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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
     
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletGILFORD SATO ASSOCIATES Telephone no.bullet (808) 942-8868

    Located atbullet711 KAPIOLANI BLVD 1000HONOLULUHI 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
     
     
    ........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
    PAMELA LICHTY TRUSTEE
    1.50     		0 0 0
    PO BOX 160926
    HONOLULU,HI96816
    SIMONE LICHTY TRUSTEE
    1.50     		0 0 0
    PO BOX 160926
    HONOLULU,HI96816
    ANDREW MERZ TRUSTEE
    3.00     		0 0 0
    PO BOX 160926
    HONOLULU,HI96816
    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
    MORGAN STANLEY #129015889561 FINANCIAL ADVISEMENT 119,438
    1 NEW YORK PLAZA 12TH FLOOR
    NEW YORK,NY10004
    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  
    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
    11,050,034
    b
    Average of monthly cash balances.......................
    1b
    787,271
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,837,305
    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
    11,837,305
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    177,560
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,659,745
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    582,987
    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
    582,987
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,422
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,422
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    576,565
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    576,565
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    576,565
    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
    5,097,497
    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
    5,097,497
    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
    5,097,497
    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 7 576,565
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,174,906
    b From 2016...... 1,480,108
    c From 2017...... 2,122,569
    d From 2018...... 1,298,237
    e From 2019...... 1,329,607
    fTotal of lines 3a through e........ 7,405,427
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,097,497
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 576,565
    e Remaining amount distributed out of corpus 4,520,932
    5 Excess distributions carryover applied to 2020. 0 0
    (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 11,926,359
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		1,174,906
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		10,751,453
    10 Analysis of line 9:
    a Excess from 2016.... 1,480,108
    b Excess from 2017.... 2,122,569
    c Excess from 2018.... 1,298,237
    d Excess from 2019.... 1,329,607
    e Excess from 2020.... 4,520,932
    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 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
    ACLU OF HAWAII FOUNDATION
    PO BOX 3410
    HONOLULU,HI96801     		  PC FOR DEFENSE OF CIVIL RIGHTS 50,000
    ACLU OF OREGON FOUNDATION
    PO BOX 40585
    PORTLAND,OR40585     		  PC FOR DEFENSE OF CIVIL RIGHTS 50,000
    ACLU FDN
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		  PC FOR DEFENSE OF CIVIL RIGHTS 21,360
    AFRICAN WILDLIFE FOUNDATION
    1100 NEW JERSEY AVE SE SUITE 900
    WASHINGTON,DC20003     		  PC TO SUPPORT PROTECTION OF WILDLIFE 5,000
    ALASKA CONSERVATION FOUNDATION
    911 WEST 8TH AVE SUITE 300
    ANCHORAGE,AK99501     		  PC FOR NATURE CONSERVATION 25,000
    ALLIANCE FOR GLOBAL JUSTICE
    225 E 26TH ST
    TUCSON,AZ85713     		  PC TO SUPPORT SOCIAL JUSTICE AND HUMAN RIGHTS 500
    ALOHA MEDICAL MISSION
    200 N VINEYARD BLVD B120
    HONOLULU,HI96817     		  PC TO SUPPORT THE ORGANIZATION 250
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION
    125 BROAD ST 18TH FLOOR
    NEW YORK,NY10004     		  PC FOR DEFENSE OF CIVIL RIGHTS 350,000
    AMERICAN FRIENDS SERVICE COMMITTEE
    1501 CHERRY ST
    PHILADELPHIA,PA19102     		  PC FOR SERVICE, DEVELOPMENT, AND PEACE PROGRAMS 300,000
    AMERICAN HIMALAYAN FOUNDATION
    909 MONTGOMERY ST 400
    SAN FRANCISCO,CA94133     		  PC TO ASSIST PEOPLE OF THE HIMALAYAN REGION 5,000
    AMERICANS FOR SAFE ACCESS
    1624 U STREET NW SUITE 200
    WASHINGTON,DC20009     		  PC TO ENSURE SAFE AND LEGAL ACCESS TO CANNABIS FOR THERAPEUTIC USE AND RESEARCH 2,500
    AMFAR
    120 WALL ST 13TH FLOOR
    NEW YORK,NY10005     		  PC FOR AIDS RESEARCH AND HIV PREVENTION AND EDUCATION 1,000
    AMNESTY INTERNATIONAL USA
    5 PENN PLAZA 16TH FLOOR
    NEW YORK,NY10001     		  PC FOR PEACE PROGRAMS THROUGHOUT THE WORLD 30,000
    ANDREW GOODMAN FOUNDATION
    P O BOX 394
    MAHWAH,NJ07430     		  PC TO SUPPORT THE ORGANIZATION 5,000
    ANERA
    1111 14TH ST NW SUITE 400
    WASHINGTON,DC20005     		  PC FOR PROGRAMS THAT AID PALESTINIAN REFUGEES 30,000
    AUDUBON ALASKA
    431 W 7TH AVE 101
    ANCHORAGE,AK99501     		  PC FOR NATURE CONSERVATION 10,000
    BARRINGTON STAGE COMPANY
    122 NORTH STREET
    PITTSFIELD,MA01201     		  PC TO SUPPORT THE ORGANIZATION 1,000
    BISHOP MUSEUM
    1525 BERNICE ST
    HONOLULU,HI96817     		  PC TO SUPPORT HAWAII MUSEUM 1,000
    CAMBODIAN CHILDREN'S FUND
    2309 SANTA MONICA BLVD PMB 833
    SANTA MONICA,CA90404     		  PC TO AID CAMBODIAN CHILDREN 1,000
    CAMPAIGN LEGAL CENTER
    1101 14TH ST NW SUITE 400
    WASHINGTON,DC20005     		  PC TO SUPPORT THE ORGANIZATION 50,000
    CENTER FOR CONSTITUTIONAL RIGHTS
    666 BROADWAY 7TH FLOOR
    NEW YORK,NY10012     		  PC FOR ADVANCEMENT AND PROTECTION OF CIVIL RIGHTS 75,000
    CENTER FOR CUBAN STUDIES
    231 WEST 29TH ST 401
    NEW YORK,NY10001     		  PC TO NORMALIZE RELATIONS BETWEEN CUBA AND THE U.S. 10,000
    CENTER FOR DISASTER PHILANTHRO
    ONE THOMAS CIRCLENW SUITE 700
    WASHINGTON,DC20005     		  PC TO PROVIDE RESOURCES TO DISASTERS AREAS 100,000
    CENTER FOR INVESTIGATIVE REPORTING
    1400 65TH ST UNIT 200
    EMERYVILLE,CA94608     		  PC TO SUPPORT THE ORGANIZATION 2,000
    CHILD & FAMILY SERVICE
    91-1841 FT WEAVER RD
    EWA BEACH,HI96706     		  PC TO SUPPORT STRENGTHENING FAMILIES AND FOSTERING THE HEALTH DEVELOPMENT CHILDREN 1,000
    CODE PINK
    PO BOX 475142
    SAN FRANCISCO,CA94147     		  PC TO END U.S. WARS AND MILITARISM 5,000
    COMMUNITY DOULA ALLIANCE
    7800 SW BARBUR BLVD BLDG 3
    PORTLAND,OR97219     		  PC TO SUPPORT THE ORGANIZATION 100,000
    COMPASSION AND CHOICES
    101 SW MAIDON STREET 8009
    PORTLAND,OR97207     		  PC TO SUPPORT END-OF-LIFE PLANNING 1,000
    CONSERVATION COUNSIL FOR HAWAII
    250 WARD AVENUE SUITE 215
    HONOLULU,HI96814     		  PC FOR NATURE CONSERVATION 1,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVE 2ND FLOOR
    NEW YORK,NY10001     		  PC FOR MEDICAL ASSISTANCE THROUGHOUT THE WORLD 250,000
    DPF OF HAWAII
    677 ALA MOANA BLVD
    HONOLULU,HI96813     		  PC TO EDUCATE HAWAII ABOUT DRUG ISSUES 75,000
    DRUG POLICY ALLIANCE
    131 WEST 33RD STREET 15TH FLOOR
    NEW YORK,NY10001     		  PC TO ADVANCE THE POLICIES AND ATTITUDES THAT BEST REDUCE THE HARMS OF DRUG USE 175,000
    DRUG REFORM COORDINATION NETWORK FOUNDATION
    1623 CONNECTICUT AVE NW 3RD FLOOR
    WASHINGTON,DC20009     		  PC TO REFORM DRUG POLICY FOR THOSE IN NEED 2,500
    DRUGSENSE
    14252 CULVER DRIVE 328
    IRVINE,CA92604     		  PC TO SUPPORT DRUG POLICY REFORM 1,000
    EARTHJUSTICE
    850 RICHARDS ST 400
    HONOLULU,HI96813     		  PC FOR NATURE CONSERVATION 35,000
    ENVIRONMENT HAWAII
    190 KEAWE ST SUITE 29
    HILO,HI96720     		  PC FOR NATURE CONSERVATION 10,000
    ENVIRONMENTAL DEFENSE FUND
    1875 CONNECTICUT AVE NW SUITE 600
    WASHINGTON,DC20009     		  PC FOR NATURE CONSERVATION 5,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104     		  PC TO SUPPORT EQUAL JUSTICE 100,000
    FAIR ELECTIONS CENTER
    1825 K ST NW SUITE 450
    WASHINGTON,DC20006     		  PC TO ADVOCATE FOR AIR ELECTIONS 50,000
    FCNL EDUCATION FUND
    245 2ND STREET NE
    WASHINGTON,DC20002     		  PC TO SUPPORT CIVIC ENGAGEMENT AND BRING QUAKER PERSPECTIVES TO BEAR ON PUBLIC POLICY 2,500
    FEEDING AMERICA
    161 NORTH CLARK STREET SUITE 700
    CHICAGO,IL60601     		  PC TO PROVIDE MEALS FOR PEOPLE IN NEED 200,000
    FLEX YOUR RIGHTS
    PO BOX 28256
    WASHINGTON,DC20038     		  PC TO SUPPORT PROTECTION OF CIVIL RIGHTS 1,000
    FOOD FIRST
    398 60TH STREET
    OAKLAND,CA94618     		  PC TO HELP END INJUSTICES THAT CAUSE HUNGER 1,000
    FRIENDS OF HONOLULU BOTANICAL
    180 N VINEYARD BLVD
    HONOLULU,HI96817     		  PC TO SUPPORT HONOLULU BOTANICAL GARDENS 1,000
    FRIENDS OF THE EARTH
    1101 15TH ST NW
    WASHINGTON,DC20005     		  PC FOR NATURE CONSERVATION 3,000
    GLOBAL FUND FOR WOMEN
    800 MARKET STREET 7TH FLOOR
    SAN FRANCISCO,CA94102     		  PC TO SUPPORT GENDER JUSTICE MOVEMENTS 1,000
    GLOBAL HEALTH PARTNERS
    39 BROADWAY SUITE 1540
    NEW YORK,NY10006     		  PC TO HELP IMPROVE HEALTH OF CHILDREN AND THEIR FAMILIES IN LATIN AMERICA 1,000
    GOOD NEIGHBOR FUND-STAR ADVERTISER
    2100 N NIMITZ HIGHWAY
    HONOLULU,HI96819     		  PC TO HELP INDIVIDUALS AND FAMILIES STRUGGLING WITH POVERTY, HOMELESSNESS AND OTHER CHALLENGES 2,500
    GRASSROOTS INTERNATIONAL
    179 BOYLSTON STREET 4TH FLOOR
    BOSTON,MA02130     		  PC TO SUPPORT GLOBAL MOVEMENTS FOR SOCIAL CHANGE 1,000
    GREENPEACE FUND
    702 H ST NW SUITE 300
    WASHINGTON,DC20001     		  PC FOR NATURE CONSERVATION 30,000
    GREGORY HOUSE PROGRAMS
    200 N VENYARD BLVD SUITE A310
    HONOLULU,HI96817     		  PC TO PROVIDE ASSISTANCE FOR PERSONS LIVING WITH HIV/AIDS IN HAWAII 1,000
    GUTTMACHER INSTITUTE
    1301 CONNECTICUT AVENUE NW SUITE
    700
    WASHINTON,DC20036     		  PC TO SUPPORT REPRODUCTIVE HEALTH RESEARCH 1,000
    HABITAT FOR HUMANITY
    121 HABITAT ST
    AMERICUS,GA31709     		  PC TO PROVIDE SHELTER FOR THOSE IN NEED 1,000
    HARM REDUCTION HAWAII
    677 ALA MOANA BLVD SUITE 226
    HONOLULU,HI96813     		  PC TO SUPPORT THE ORGANIZATION 1,000
    HAWAII ALLIANCE FOR PROGRESSIVE ACTION
    PO BOX 1534
    KAPAA,HI96746     		  PC TO SUPPORT THE ORGANIZATION 2,500
    HAWAII APPLESEED CENTER
    119 MERCHANT ST STE 605A
    HONOLULU,HI96813     		  PC FOR ADVANCEMENT AND PROTECTION OF CIVIL RIGHTS 30,000
    HAWAII ART ALLIANCE
    1041 NUUANU AVE 2ND FLOOR
    HONOLULU,HI96817     		  PC TO SUPPORT CREATIVE NETWORK 1,000
    HAWAII CENTER FOR FOOD SAFETY
    660 PENNSYLVANIA AVE SE 402
    WASHINGTON,DC20003     		  PC TO SUPPORT THE ORGANIZATION 1,000
    HAWAII CONTEMPORARY
    1111 NUUANU AVE SUITE 210-211
    HONOLULU,HI96817     		  PC TO HELP CONNECT COMMUNITIES THROUGH CONTEMPORARY ART 600
    HAWAII FOODBANK
    2611 KILIHAU ST
    HONOLULU,HI96819     		  PC TO PROVIDE MEALS FOR PEOPLE IN NEED 60,000
    HAWAII HEALTH AND HARM REDUCTION CENTER (NEE LIFE CENTER)
    677 ALA MOANA BLVD 226
    HONOLULU,HI96813     		  PC TO PROMOTE HEALTH, WELLNESS AND FIGHTING STIGMA IN HAWAII 16,900
    HAWAII INVESTMENT READY
    4545 SIERRA DE APT A
    HONOLULU,HI96816     		  PC TO HELP ADDRESS SOCIAL AND ENVIRONMENTAL ISSUES 15,000
    HAWAII MISSION HOUSES
    553 S KING STREET
    HONOLULU,HI96813     		  PC TO HELP PRESERVE HAWAII'S HISTORY 500
    HAWAII MEALS ON WHEELS
    2728 HUAPALA ST 209
    HONOLULU,HI96822     		  PC TO PROVIDE MEALS FOR ELDERS AND INDIVIDUALS WITH DISABILITIES 10,000
    HAWAII PEOPLES FUND
    949 KAPIOLANI BLVD SUITE 107
    HONOLULU,HI96814     		  PC TO SUPPORT THE ORGANIZATION 10,000
    HAWAII PUBLIC RADIO
    738 KAHEKA ST
    HONOLULU,HI96814     		  PC TO SUPPORT THE ORGANIZATION 5,000
    HISTORIC HAWAII FOUNDATION
    680 IWILEI RD 690
    HONOLULU,HI96817     		  PC TO HELP PRESERVE OAHU HISTORIC PROPERTIES 500
    HEALTHY MOTHERS HEATHY BABIES
    245 N KUKUI ST SUITE 102A
    HONOLULU,HI96817     		  PC TO PROVIDE SUPPORT FOR PREGNANT WOMEN 1,000
    HONOLULU CIVIL BEAT
    PO BOX 10857
    HONOLULU,HI96816     		  PC TO SUPPORT THE ORGANIZATION 2,500
    HUMAN RIGHTS WATCH
    350 5TH AVE 34TH FLOOR
    NEW YORK,NY10118     		  PC FOR ADVANCEMENT AND PROTECTION OF CIVIL RIGHTS 20,000
    IFCO
    418 W 145TH STREET
    NEW YORK,NY10031     		  PC FOR ADVANCEMENT AND PROTECTION OF CIVIL RIGHTS 3,000
    INDIAN PUEBLO CULTURAL CENTER
    2401 12TH ST SW
    ALBUQUERQUE,NM87104     		  PC TO SUPPORT PRESERVATION AND PERPETUATION OF PUEBLO INDIAN CULTURE 50,000
    INTERNATIONAL PLANNED PARENTHOOD FED
    125 MAIDEN LANE 9TH FLOOR
    NEW YORK,NY100384730     		  PC TO AID PEOPLE IN NEED 1,000
    INTERNATIONAL CAMPAIGN FOR TIBET
    1825 JEFFERSON PLACE NW
    WASHINGTON,DC20036     		  PC TO SUPPORT TIBET 500
    INTERNATIONAL RESCUE COMMITTEE
    PO BOX 6068
    ALBERT LEA,MN56007     		  PC TO AID CORONA VIRUS OUTBREAK AROUND THE WORLD 1,000
    JAPANESE CULTURAL CENTER OF HAWAII
    2454 SOUTH BERETANIA STREET
    HONOLULU,HI96826     		  PC TO SUPPORT JAPANESE AMERICAN COMMUNITY IN HAWAII 250
    LAW ENFORCEMENT ACTION PARTNERSHIP
    121 MYSTIC AVENUE NO 9
    MEDFORD,MA02155     		  PC TO SUPPORT ADVANCING JUSTICE AND PUBLIC SAFETY SOLUTIONS 2,500
    LAWYER COMMITTEE FOR CIVIL RIGHTS
    1500 K STREET NW SUITE 900
    WASHINGTON,DC20005     		  PC TO SUPPORT MISSION TO SECURE EQUAL JUSTICE 25,000
    LEGAL AID SOCIETY OF HAWAII
    924 BETHEL STREET
    HONOLULU,HI96813     		  PC TO HELP PROVIDE LEGAL AIDS 1,000
    LIFE OF THE LAND
    PO BOX 37158
    HONOLULU,HI96837     		  PC FOR NATURE CONSERVATION 25,000
    LIGHTHAWK
    PO BOX 913239
    DENVER,CO80291     		  PC TO SUPPORT THE ORGANIZATION 500
    LIVING TRADITIONS BROOKLYN FOLK FESTIVAL
    315 COLUMBIA STREET
    BROOKLYN,NY11231     		  PC TO SUPPORT THE EVENT 500
    MADRE
    121 WEST 27TH ST 301
    NEW YORK,NY10001     		  PC FOR WOMEN RIGHTS 20,000
    MALAMA MANOA
    2016 MALAMA PL
    HONOLULU,HI96822     		  PC TO SUPPORT THE ORGANIZATION 500
    MUTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES (MAPS)
    1115 MISSION STREET
    SANTA CRUZ,CA950609989     		  PC TO SUPPORT THE ORGANIZATION 5,000
    MARAJUANA POLICY PROJECT
    PO BOX 21824
    WASHINGTON,DC20009     		  PC TO SUPPORT THE ORGANIZATION 8,000
    MARY SARVIS MEMORIAL FUND
    3152 LEWISTON AVE
    BERKELEY,CA94705     		  PC TO SUPPORT UNDERPRIVILEGED CHILDREN 500
    MEDIATION CENTER OF THE PACIFIC
    1301 YOUNG STREET 2ND FLOOR
    HONOLULU,HI96814     		  PC TO SUPPORT THE ORGANIZATION 500
    MENTAL HEALTH AMERICA
    500 MONTOMERY STREET SUITE820
    ALEXANDRIA,VI22314     		  PC TO SUPPORT MENTAL HEALTH AWARENESS 1,000
    MERCY CORPS
    PO BOX 2669 DEPT W
    PORTLAND,OR97208     		  PC TO AID DISASTER STRUCK AREAS IN THE WORLD 5,000
    MOANALUA GARDENS FOUNDATION
    1414 DILLINGHAM BLVD STE 211
    HONOLULU,HI96817     		  PC FOR NATURE CONSERVATION 500
    MRG FDN
    775 SUMMER STREET NE SUITE 200
    SALEM,OR97301     		  PC TO HELP SPREAD CULTURAL AWARENESS 50,000
    NAACP LEGAL DEFENSE & ED FUND
    40 RECTOR STREET 5TH FLOOR
    NEW YORK,NY10006     		  PC TO SUPPORT RACIAL JUSTICE IN THE SOUTH AND BEYOND 200,000
    NAMI
    4301 WILSON BLVD SUITE 300
    ARLINGTON,VA22203     		  PC TO SUPPORT MENTAL HEALTH AWARENESS 500
    NARAL FOUNDATION
    1156 15TH ST NW 700
    WASHINGTON,DC20005     		  PC FOR PROGRAMS REGARDING REPRODUCTIVE CHOICES 10,000
    NATIONAL ADVOCATES FOR PREGNANT WOMEN
    875 6TH AVENUE SUITE 1807
    NEW YORK,NY10001     		  PC TO AID PREGNANT WOMEN 5,000
    NATIONAL HARM REDUCTION COALITION
    22 WEST 27TH ST 5TH FLOOR
    NEW YORK,NY10001     		  PC TO HELP REDUCE HARMS CAUSED BY RACIALIZED DRUG POLICIES 1,000
    NATIONAL JEWISH HEALTH
    1400 JACKSON ST
    DENVER,CO80206     		  PC FOR RESEARCH OF RESPIRATORY, CARDIAC AND RELATED DISORDERS 433,837
    NATIONAL WOMEN'S HEALTH NETWORK
    1413 K STREET NW 4TH FLOOR
    WASHINGTON,DC20005     		  PC TO EDUCATE ABOUT WOMEN'S HEALTH 14,000
    NATIVE AMERICAN RIGHTS FUND
    1506 BROADWAY
    BOULDER,CO80302     		  PC TO AID IN PRESERVING NATIVE AMERICAN RIGHTS 30,000
    NATURE CONSERVANCY OF HAWAII
    923 NUUANU AVE
    HONOLULU,HI96817     		  PC FOR NATURE CONSERVATION 100,000
    NATURE CONSERVANCY OF NEW MEXICO
    212 E MARCY ST 20
    SANTA FE,NM87501     		  PC FOR NATURE CONSERVATION 125,000
    NATURE RESOURCES DEFENSE COUNCIL (NRDC)
    40 W 20TH ST
    NEW YORK,NY10011     		  PC FOR NATURE CONSERVATION 80,000
    NEPAL YOUTH FOUNDATION
    3030 BRIDGEWAY SUITE 202
    SAUSALITO,CA94965     		  PC TO HELP CHILDREN IN NEPAL 10,000
    OCF
    3855 SW 153RD DRIVE
    BEAVERTON,OR97003     		  PC TO SUPPORT THE ORGANIZATION 25,000
    OREGON FOOD BANK
    7900 NE 33RD DR
    PORTLAND,OR97211     		  PC TO PROVIDE MEALS FOR PEOPLE IN NEED 50,000
    OUR BODIES OURSELVES
    PO BOX 590403
    NEWTON CENTER,MA02459     		  PC TO EMPOWER WOMEN 1,000
    OXFAM AMERICA
    226 CAUSEWAY ST 5TH FLOOR
    BOSTON,MA02114     		  PC TO AID WORLDWIDE POVERTY, HUNGER AND INJUSTICE 200,000
    PARTNERSHIP FOR SAFETY & JUSTICE
    221 NW 2ND AVENUE SUITE 209
    PORTLAND,OR97209     		  PC TO SUPPORT CRIMINAL JUSTICE REFORM 6,000
    PBS HAWAII
    315 SAND ISLAND ACCESS ROAD
    HONOLULU,HI96819     		  PC TO SUPPORT THE ORGANIZATION 1,000
    PEACE ACTION EDUCATION FUND
    P O BOX 8637
    SILVER SPRING,MD20907     		  PC TO SUPPORT PEACE MOVEMENTS 500
    PEACE DEVELOPMENT FUND
    44 NORTH PROSPECTS STREET
    AMHERST,MA01002     		  PC TO SUPPORT THE ORGANIZATION 500
    PEOPLE'S RIGHTS FUND
    147 WEST 24TH STREET
    NEW YORK,NY10011     		  PC TO SUPPORT THE ORGANIZATION 500
    PLANNED PARENTHOOD HAWAII
    1350 S KING ST SUITE 310
    HONOLULU,HI96814     		  PC FOR PROGRAMS ON REPRODUCTIVE HEALTH 150,000
    PLANNED PARENTHOOD USA
    1350 S KING ST SUITE 310
    HONOLULU,HI96814     		  PC FOR PROGRAMS ON REPRODUCTIVE HEALTH 20,000
    PRISON RADIOREDWOOD
    PO BOX 411074
    SAN FRANCISCO,CA94141     		  PC TO SUPPORT INCLUSION OF THE VOICES OF INCARCERATED PEOPLE IN PUBLIC DEBATE 500
    PROJECT VISION HAWAII
    PO BOX 23212
    HONOLULU,HI96823     		  PC TO PROVIDE HEALTHCARE FOR THOSE IN NEED 100,000
    RAINFOREST ACTION NETWORK
    425 BUSH ST SUITE 300
    SAN FRANCISCO,CA94108     		  PC FOR NATURE CONSERVATION 25,000
    REFOUNDRY
    63 FLUSHING AVENUE BUILDING 212
    SUITE 207
    BROOKLYN,NY11205     		  PC TO HELP FORMERLY INCARCERATED INDIVIDUALS 20,000
    RESIST
    PO BOX 301240
    BOSTON,MA02130     		  PC TO SUPPORT MOVEMENTS FOR JUSTICEAND LIBERATIO 1,000
    ROSENBURG FUND FOR CHILDREN
    116 PLEASANT ST SUITE 348
    EASTHAMPTON,MA01027     		  PC TO HELP CHILDREN 500
    SALVATION ARMY HAWAIIAN & PACIFIC ISLANDS
    2950 MANOA ROAD
    HONOLULU,HI96822     		  PC TO SUPPORT THE ORGANIZATION 5,000
    SIERRA CLUB FOUNDATION
    2101 WEBSTER ST SUITE 1250
    OAKLAND,CA94612     		  PC FOR NATURE CONSERVATION 20,000
    SIERRA CLUB OF HAWAII
    1164 BISHOP STREET
    HONOLULU,HI96813     		  PC FOR NATURE CONSERVATION 500
    SLOW FOOD USA
    9322 3RD AVE 402
    BROOKLYN,NY11209     		  PC TO SUPPORT THE ORGANIZATION 500
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AK36104     		  PC TO SUPPORT RACIAL JUSTICE IN THE SOUTH AND BEYOND 500
    STUDENTS FOR SENSIBLE DRUG POLICY
    2370 CHAMPLAIN ST NW 12
    WASHINGTON,DC20009     		  PC TO SUPPORT ENDING THE WAR ON DRUGS 1,000
    SURFRIDER FOUNDATION
    PO BOX 283092
    HONOLULU,HI96828     		  PC TO SUPPORT THE WORLD'S OCEAN, WAVES, AND BEACHES 500
    SUSANNAH WESLEY COMMUNITY CENTER
    1117 KALIHI ST 3432
    HONOLULU,HI96819     		  PC TO SUPPORT THE ORGANIZATION 500
    SUSTAIN HAWAII
    41-1025 KALANIANAOLE HWY
    WAIMANALO,HI96795     		  PC TO SUPPORT WAIMANALO COMMUNITY 5,000
    THE MERWIN CONSERVANCY
    PO BOX 809
    HAIKU,HI96708     		  PC TO SUPPORT THE ORGANIZATION 500
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		  PC FOR NATURE CONSERVATION 30,000
    THE OUTDOOR CIRCLE
    1314 S KING STREET SUITE306
    HONOLULU,HI96814     		  PC FOR NATURE CONSERVATION 1,000
    THE TRUST FOR PUBLIC LAND
    PO BOX 399336
    SAN FRANCISCO,CA94139     		  PC TO SUPPORT THE ORGANIZATION 1,000
    THE WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		  PC TO PROTECT AMERICA'S WILD PLACES 1,000
    TIDES CENTER - PALESTINE LEGAL
    637 S DEARBORN ST 3RD FLOOR
    CHICAGO,IL60605     		  PC TO PROTECT THE RIGHTS OF PEOPLE IN THE U.S. WHO SPEAK OUT FOR PALESTINIAN FREEDOM 40,000
    TIDES FOUNDATION
    1012 TORNEY AVENUE
    SAN FRANCISCO,CA94129     		  PC TO SUPPORT SOCIAL JUSTICE 102,000
    TWO WEST FOUNDATION
    551 MADISON AVE 7TH FLOOR
    NEW YORK,NY10022     		  PC TO FUND INNOVATIVE PROGRAMS THROUGHOUT THE WORLD 50,000
    UH FOUNDATION - HAWAII INNOCENCE PROJECT
    2444 DOLE STREET BACHMAN HALL 105
    HONOLULU,HI96822     		  PC TO SUPPORT THE ORGANIZATION 55,000
    UNCHR (REFUGEES)
    1775 K ST NW SUITE 580
    WASHINGTON,DC20006     		  PC TO PROTECT REFUGEES THROUGHOUT THE WORLD 500,000
    UNICEF
    125 MAIDEN LANE 11TH FLOOR
    NEW YORK,NY10038     		  PC TO SUPPORT THE ORGANIZATION 20,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02138     		  PC TO SUPPORT THE ORGANIZATION 1,000
    VOLUNTEER LEGAL SERVICES HAWAII
    545 QUEEN ST 100
    HONOLULU,HI96813     		  PC TO AID VOLUNTEER LEGAL SERVICES 10,000
    WAIKIKI HEALTH
    277 OHUA AVE
    HONOLULU,HI96815     		  PC FOR HEALTH PROGRAMS 60,000
    WCRC
    2908 ELLSORTH STREET
    BERKELEY,CA94705     		  PC TO SUPPORT WOMEN'S CANCER RESOURCE CENTER 1,000
    WISCONSIN ALUMNI ASSOCIATION
    650 N LAKE ST
    MADISON,WI53706     		  PC TO SUPPORT THE ORGANIZATION 300
    WISCONSIN DEMOCRACY CAMPAIGN
    203 SOUTH PATERSON STREET SUITE 100
    MADISON,WI53703     		  PC TO SUPPORT THE ORGANIZATION 250
    WOMEN FOR WOMEN INTERNATIONAL
    200 M STREET NW SUITE 200
    WASHINGTON,DC20036     		  PC TO AID WOMEN SURVIVORS OF WAR AND CONFLICT 500
    WOMEN'S FUND OF HAWAII
    1802 KEEAUMOKU ST
    HONOLULU,HI96822     		  PC TO AID WOMEN IN POVERTY 14,000
    WOMEN'S INTERNATIONAL LEAGUE FOR PEACE AND FREEDOM (PDFWILPF)
    777 UN PLAZA 6TH FLOOR
    NEW YORK,NY10017     		  PC TO SUPPORT THE ORGANIZATION 1,500
    WORLD WILDLIFE FUND
    1250 24TH STREET NW
    WASHINGTON,DC20037     		  PC TO HELP LOCAL COMMUNITIES CONSERVE NATURAL RESOURCES 1,000
    YMCA O'AHU
    1040 RICHARDS STREET
    HONOLULU,HI96813     		  PC TO HELP ELIMINATE RECISM AND EMPOWER WOMEN 250
    Total .................................bullet 3a 5,097,497
    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 ...........     		         
    4 Dividends and interest from securities....     14 222,511  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 370,158  
    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).. 0 592,669 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    592,669
    (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:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 4,476 0   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE FIXED INCOME 774,520 815,598

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCKS 731,125 1,272,741

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    US Government Securities - End of Year Book Value:

    1,925,051
    US Government Securities - End of Year Fair Market Value:

    1,968,596
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 3,769,429 4,633,310

    TY 2020 OtherExpensesSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 2 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Description Amount
    ADJUSTMENT TO NET ASSETS 18,002


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 119,438 119,438   0


    TY 2020 TaxesSchedule
    Name:
    PADOSI FOUNDATION
    EIN:
    47-3227718
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN 4,600 4,600   0
    FEDERAL 6,600 6,600   0