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
SAMUEL N & MARY CASTLE FOUNDATION
C/O BANK OF HAWAII
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96802
A Employer identification number

99-6003321
B Telephone number (see instructions)

(808) 694-4525
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$52,922,282J 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 3,842 3,842  
4 Dividends and interest from securities... 858,795 853,410  
5a Gross rents............ 13,740 13,740  
b Net rental income or (loss) 1,425
6a Net gain or (loss) from sale of assets not on line 10 1,618,296
b Gross sales price for all assets on line 6a 10,813,679
7 Capital gain net income (from Part IV, line 2)... 1,618,296
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........ 2,494,673 2,489,288  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 196,186 0   196,186
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 51,604 0   51,604
16a Legal fees (attach schedule)......... Click to see attachment 5,679 5,679   0
b Accounting fees (attach schedule)....... Click to see attachment 6,382 1,792   4,590
c Other professional fees (attach schedule).... Click to see attachment 238,464 178,982   59,481
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 33,236 1,236   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 27,049 0   27,049
21 Travel, conferences, and meetings....... 1,839 0   1,839
22 Printing and publications.......... 1,457 0   1,457
23 Other expenses (attach schedule)....... Click to see attachment 51,359 5,992   45,367
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 613,255 193,681   387,573
25 Contributions, gifts, grants paid....... 2,102,458 2,102,458
26 Total expenses and disbursements. Add lines 24 and 25 2,715,713 193,681   2,490,031
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -221,040
b Net investment income (if negative, enter -0-) 2,295,607
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 Savings and temporary cash investments......... 932,686 1,272,173 1,272,173
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) 4,646,919 Click to see attachment4,970,890 5,275,171
b Investments—corporate stock (attach schedule)....... 27,878,021 Click to see attachment26,464,794 39,844,774
c Investments—corporate bonds (attach schedule)....... 4,329,810 Click to see attachment4,867,680 5,198,164
11 Investments—land, buildings, and equipment: basis bullet41,133
Less: accumulated depreciation (attach schedule) bullet   59,415 41,133 1,332,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 37,846,851 37,616,670 52,922,282
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........ 37,846,851 37,616,670
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 37,846,851 37,616,670
30 Total liabilities and net assets/fund balances (see instructions). 37,846,851 37,616,670
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
37,846,851
2
Enter amount from Part I, line 27a .....................
2
-221,040
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
37,625,811
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,141
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,616,670
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 REAL PROPERTY - 757 KINALAU PL P 2018-01-01 2020-02-20
b PUBLICLY TRADED SECURITIES P 2020-01-01 2020-12-31
c PUBLICLY TRADED SECURITIES P 2019-12-30 2020-12-31
d LITIGATION PROCEEDS P 2019-12-30 2020-12-31
e CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 250,000   15,141 234,859
b 2,623,250   2,621,817 1,433
c 7,776,930   6,558,375 1,218,555
d 299   50 249
e 163,200     163,200
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       234,859
b       1,433
c       1,218,555
d       249
e       163,200
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 1,618,296
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 31,909
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 31,909
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 31,909
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 19,989
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,989
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,080
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet13,080 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletHI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    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 addressbulletHTTP://FOUNDATIONCENTER.ORG/GRANTMAKER/CASTLE/
    14
    The books are in care ofbulletBANK OF HAWAII Telephone no.bullet (808) 694-4525

    Located atbullet111 SOUTH KING STREETHONOLULUHI ZIP+4bullet96813
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ALFRED L CASTLE TREASURER/EXEC DIRECTOR
    40.00     		196,186 51,604 0
    C/O PO BOX 3170
    HONOLULU,HI96802
    CYNTHIA QUISENBERRY SECRETARY/TRUSTEE
    0.00     		0 0 0
    C/O PO BOX 3170
    HONOLULU,HI96802
    DR KITTREDGE BALDWIN VICE PRESIDENT/TRUSTEE
    0.00     		0 0 0
    C/O PO BOX 3170
    HONOLULU,HI96802
    DR ROBERT PETERS PRESIDENT/TRUSTEE
    0.00     		0 0 0
    C/O PO BOX 3170
    HONOLULU,HI96802
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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
    44,512,105
    b
    Average of monthly cash balances.......................
    1b
    1,492,925
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,132,417
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,137,447
    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
    47,137,447
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    707,062
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    46,430,385
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,321,519
    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
    2,321,519
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    31,909
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    31,909
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,289,610
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,289,610
    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
    2,289,610
    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
    2,490,031
    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
    2,490,031
    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
    2,490,031
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,289,610
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,659,404
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,490,031
    a Applied to 2019, but not more than line 2a 1,659,404
    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..... 830,627
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,458,983
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    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:
    SAMUEL N MARY CASTLE FOUNDATION
    733 BISHOP STREET 1275
    HONOLULU,HI96813
    (808) 522-1102
    bThe form in which applications should be submitted and information and materials they should include:
    COVER LETTER, 2 COPIES OF: PROPOSAL, ONE-PAGE EXECUTIVE SUMMARY, PROJECT AND CURRENT OPERATING BUDGET, AND BOARD OF DIRECTORS LIST. ONE COPY OF ADDITIONAL MATERIALS AND AUDIT REPORT.
    cAny submission deadlines:
    1/8/21 FOR FEBRUARY TRUSTEE MEETING, 5/14/21 FOR JULY/AUGUST MTG, 9/3/21 FOR DECEMBER MTG.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE SAMUEL N. AND MARY CASTLE FOUNDATIN IS NOT AN INTERNATIONAL FUNDER AND APPLICATIONS ARE NOT ACCEPTED OUTSIDE THE U.S. THE FOUNDATION ONLY RARELY FUNDS IN THE U.S. OUTSIDE HAWAII. ALL MAINLAND U.S. APPLICATIONS MUST BE INVITED BY THE TRUSTEES TO BE CONSIDERED FOR FUNDING.
    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
    AE KAMALII PRE-SCHOOL
    2943 KRESS STREET SUITE B
    LIHUE,HI96766     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    AE KAMALII PRE-SCHOOL
    2944 KRESS STREET SUITE B
    LIHUE,HI96766     		NONE PUBLIC CHARITY REPAIRS AND SUPPLIES, PROFESSIONAL DEVELOPMENT 25,600
    ALOHA SCHOOL EARLY LEARNING CENTER OF HANALEI
    PO BOX 1408
    HANALEI,HI96714     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 8,000
    ARMED SERVICES YMCA OF HONOLULU
    1260 PIERCE STREET 145
    PEARL HARBOR,HI96860     		NONE PUBLIC CHARITY PURCHASE OF EQUIPMENT AND MANIPULATIVES FOR NEW PRESCHOOL CLASSROOM 25,000
    CANDID (THE FOUNDATION CENTER)
    32 OLD SLIP 24TH FLOOR
    NEW YORK,NY10005     		NONE PUBLIC CHARITY GENERAL PROGRAM SUPPORT 5,000
    CATHOLIC CHARITIES
    1822 KEEAUMOKU STREET
    HONOLULU,HI96822     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 60,000
    CATHOLIC CHARITIES
    1822 KEEAUMOKU STREET
    HONOLULU,HI96822     		NONE PUBLIC CHARITY MARY TENNEY CASTLE EMERGENCY FUND FOR FAMILIES WITH YOUNG CHILDREN FOR 2021 50,000
    CATHOLIC DIOCESE OF HONOLULU
    6301 PALI HIGHWAY
    KANEOHE,HI96744     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES IN CATHOLIC PRESCHOOLS 50,000
    CHAMINADE UNIVERSITY OF HONOLULU
    3140 WAIALAE AVENUE
    HONOLULU,HI96816     		NONE PUBLIC CHARITY STUDENT PRE-SCHOOL EDUCATION SCHOLARSHIPS FOR YEAR 2021 50,000
    CHILD & FAMILY SERVICE
    91-1841 FT WEAVER RD
    EWA BEACH,HI96706     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 75,000
    CHRISTIAN LIBERTY ACADEMY
    16-675 MILO STREET
    KEAAU,HI96749     		NONE PUBLIC CHARITY OUTDOOR PAVILION WITH SHADE AND OUTDOOR PICNIC TABLES 20,000
    COLLABORATIVE SUPPORT SERVICES
    700 BISHOP STREET SUITE 1701
    HONOLULU,HI96813     		NONE PUBLIC CHARITY HAWAII FAMILY CHILD CARE SHARED SERVICES MODEL 50,000
    FAMILY HUI HAWAII
    PO BOX 22596
    HONOLULU,HI96823     		NONE PUBLIC CHARITY FAMILY EDUCATION PROJECT 25,000
    FAMILY SUPPORT HAWAII
    75-127 LUNAPULE RD SUITE 11
    KAILUAKONA,HI96740     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 45,000
    FRIENDS OF THE FUTURE
    PO BOX 2655
    KAMUELA,HI96740     		NONE PUBLIC CHARITY TEACHER RECRUITMENT PROJECT 31,500
    GOOD SHEPHERD LUTHERAN CHURCH
    638 NORTH KUAKINI STREET
    HONOLULU,HI96817     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    HANAHAUOLI SCHOOL
    1922 MAKIKI STREET
    HONOLULU,HI96822     		NONE PUBLIC CHARITY STEM TRAINING FOR EARLY CHILDHOOD EDUCATORS 44,845
    HANALANI SCHOOLS
    94-294 ANANIA DRIVE
    MILILANI,HI96789     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS
    200 N VINEYARD BLVD SUITE A401
    HONOLULU,HI96817     		NONE PUBLIC CHARITY SCHOOLS OF THE FUTURE CONFERENCE'S EARLY EDUCATION PROGRAMS 3,000
    HAWAII CHILDRENS ACTION NETWORK
    850 RICHARDS STREET SUITE 201
    HONOLULU,HI96813     		NONE PUBLIC CHARITY OPERATING SUPPORT 100,000
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET MALL
    HONOLULU,HI96813     		NONE PUBLIC CHARITY TO IMPROVE EARLY EDUCATOR PREP SYSTEM AND TAKE STEPS TO ADDRESS COMPENSATION DISPARITIES 48,909
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET MALL
    HONOLULU,HI96813     		NONE PUBLIC CHARITY TRAUMA-INFORMED EARLY CHILDHOOD WORKFORCE DEVELOPMENT INITIATIVE 50,000
    HAWAII MONTESSORI SCHOOL
    74-978 MANAWALEA STREET
    KAILUAKONA,HI96740     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    HONOLULU THEATRE FOR YOUTH
    1149 BETHEL STREET SUITE 700
    HONOLULU,HI96813     		NONE PUBLIC CHARITY SUPPORT FOR 2020 SEASON THEATRICAL PRODUCTIONS 10,000
    HUI NO'EAU VISUAL ARTS CENTER
    2841 BALDWIN AVENUE
    MAKAWAO,HI96768     		NONE PUBLIC CHARITY PRE-SCHOOL ARTS PROGRAM 17,000
    IMUA FAMILY SERVICES
    IMUA FAMILY SERVICES
    KAHULUI,HI96732     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING WELLBEING OF YOUNG CHILDREN & FAMILIES 75,000
    INPEACE
    1001 KAMOKILA BLVD SUITE 226
    KAPOLEI,HI96707     		NONE PUBLIC CHARITY PRE-SCHOOL TEACHER ASSESSMENT IN THE PROFESSIONAL DEVELOPMENT PROGRAM 40,000
    INPEACE
    1001 KAMOKILA BLVD SUITE 226
    KAPOLEI,HI96707     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 40,000
    KA HALE O NA KEIKI PRESCHOOL
    45-3668 HONOKAA-WAIPIO ROAD
    HONOKAA,HI96727     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    KAHULUI BAPTIST PRESCHOOL
    309 SOUTH PUUNENE AVENUE
    KAHULUI,HI96732     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    KAMAAINA CARE (KAMA'AINA KIDS)
    156 HAMAKUA DRIVE C
    KAILUAKONA,HI96740     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    KCAA PRE-SCHOOLS OF HAWAII
    2707 SOUTH KING STREET
    HONOLULU,HI96826     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    KCAA PRE-SCHOOLS OF HAWAII
    2707 SOUTH KING STREET
    HONOLULU,HI96826     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    MAKUA LANI CHRISTIAN ACADEMY
    74-4966 KEALAKAA STREET
    KAILUAKONA,HI96740     		NONE PUBLIC CHARITY FURNISHINGS AND SUPPLIES FOR PRE-SCHOOL STUDENTS 18,000
    MAUI FAMILY SUPPORT SERVICES
    1844 WILI PA LOOP
    WAILUKU,HI96793     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 70,000
    MAUI PREPARATORY ACADEMY
    4910 HONOAPIILANI HWY
    LAHAINA,HI96761     		NONE PUBLIC CHARITY PROFESSIONAL DEVELOPMENT 25,000
    MILILANI PRESBYTERIAN CHURCH PRE-SCHOOL
    95-410 KUAHELANI AVENUE
    MILILANI,HI96789     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    MONTESSORI COMMUNITY SCHOOL
    1239 NEHOA STREET
    HONOLULU,HI96822     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    NA KAMALI'I HOALOHA
    PO BOX 1527
    KAUNAKAKAI,HI96748     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    NA KAMALI'I HOALOHA
    PO BOX 1527
    KAUNAKAKAI,HI96748     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 12,380
    PARENTS AND CHILDREN TOGETHER
    1485 LINAPUNI STREET SUITE 105
    HONOLULU,HI96819     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 60,000
    PARTNERS IN DEVELOPMENT FOUNDATION
    2040 BACHELOT STREET
    HONOLULU,HI96817     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 50,000
    RAINBOW SCHOOL
    56-463 KAMEHAMEHA HWY
    KAHUKU,HI96731     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    RAINBOW SCHOOL
    56-463 KAMEHAMEHA HWY
    KAHUKU,HI96731     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    ROOTS SCHOOL
    740 HAIKU ROAD PO BOX 975
    HAIKU,HI96708     		NONE PUBLIC CHARITY PURCHASE OF FURNITURE AND EQUIPMENT 10,000
    THE SALVATION ARMY
    845 22ND AVENUE
    HONOLULU,HI96816     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 50,000
    THE SALVATION ARMY
    845 22ND AVENUE
    HONOLULU,HI96816     		NONE PUBLIC CHARITY PROGRAM SUPPORT FOR THE THERAPEUTIC NURSERY SCHOOL 25,000
    SEAGULL SCHOOLS INC
    1300 KAILUA ROAD
    KAILUA,HI96734     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    SEAGULL SCHOOLS INC
    1300 KAILUA ROAD
    KAILUA,HI96734     		NONE PUBLIC CHARITY PRE-SCHOOL REOPEN INITIATIVE 50,000
    ST ANDREW'S PRIORY SCHOOL
    224 QUEEN EMMA SQUARE
    HONOLULU,HI96816     		NONE PUBLIC CHARITY RENOVATION FOR THE QUEEN EMMA PRE-SCHOOL 75,000
    UNIVERSITY OF HAWAII FOUNDATION
    1314 S KING STREET SUITE B
    HONOLULU,HI96814     		NONE PUBLIC CHARITY EXPANSION OF THE SUMMER START KINDERGARTEN TRANSITION PROGRAM 61,224
    UNIVERSITY OF HAWAII FOUNDATION
    1314 S KING STREET SUITE B
    HONOLULU,HI96814     		NONE PUBLIC CHARITY SCHOLARSHIPS ON ALL 10 CAMPUSES FOR EARLY EDUCATION MAJORS 100,000
    UNIVERSITY OF HAWAII FOUNDATION
    1314 S KING STREET SUITE B
    HONOLULU,HI96814     		NONE PUBLIC CHARITY STUDY OF COMPENSATION FOR PRE-SCHOOL TEACHERS 30,000
    WAIKIKI COMMUNITY CENTER
    310 PAOAKALANI AVENUE
    HONOLULU,HI96815     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 10,000
    WAIKIKI COMMUNITY CENTER
    310 PAOAKALANI AVENUE
    HONOLULU,HI96815     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    WAILUKU UNION CHURCH PRE-SCHOOL
    327 SOUTH HIGH STREET
    WAILUKU,HI96793     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 7,000
    YMCA OF HONOLULU
    1441 PALI HIGHWAY
    HONOLULU,HI96813     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 50,000
    YWCA OF HAWAII ISLAND
    1382 KILAUEA AVENUE
    HILO,HI96720     		NONE PUBLIC CHARITY TUITION ASSISTANCE FOR LOW-INCOME FAMILIES 15,000
    YWCA OF HAWAII ISLAND
    1382 KILAUEA AVENUE
    HILO,HI96720     		NONE PUBLIC CHARITY PRE-SCHOOL RECOVERY INITIATIVE 50,000
    YWCA OF HAWAII ISLAND
    1382 KILAUEA AVENUE
    HILO,HI96720     		NONE PUBLIC CHARITY EARLY PAYMENT FOR PROGRAMS STRENGTHENING THE WELLBEING OF YOUNG CHILDREN & FAMILIES 25,000
    Total .................................bullet 3a 2,102,458
    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 3,842  
    4 Dividends and interest from securities....     14 858,795  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,425  
    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 1,618,296  
    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 2,482,358 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,482,358
    (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:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,974 1,792   4,182
    5500 TAX PREPARATION FEE 408 0   408

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Name of Bond End of Year Book Value End of Year Fair Market Value
    00254ECJ9 SWEDISH EXPORT CREDIT SR UNSECURED 05/11/2037 51,924 72,083
    00828EDC0 AFRICAN DEVELOPMENT BANK SR UNSECURED 3% 09/20/2023 99,884 107,409
    02665WDD0 AMERICAN HONDA FINANCE SR UNSECURED 2.15% 09/10/2024 75,820 79,419
    02665WDN8 AMERICAN HONDA FINANCE SR UNSECURED 1% 09/10/2025 49,998 50,763
    032654AJ4 ANALOG DEVICES SR UNSECURED 3.9% 12/15/2025-2025 50,525 57,024
    037833AK6 APPLE INC SR UNSECURED 2.4% 05/03/2023 20,022 20,979
    05464HAB6 AXIS SPECIALTY FINAN PLC SR UNSECURED 5.15% 04/01/2045 41,669 47,186
    064159KU9 BANK OF NOVA SCOTIA SR UNSECURED FLTG RT .51975% 01/08/2021 35,000 35,001
    06747PSM2 BARCLAYS BANK PLC SR UNSECURED 2% 05/29/2024-2021 39,895 40,004
    084670BS6 BERKSHIRE HATHAWAY INC SR UNSECURED 3.125% 03/15/2026-2025 76,768 83,798
    09247XAQ4 BLACKROCK INC SR UNSECURED 2.4% 04/30/2030-2030 45,108 49,200
    099724AL0 BORGWARNER INC SR UNSECURED 2.65% 07/01/2027-2027 24,930 26,882
    12189PAM4 BURLINGTON N SANTA FE CERTS SER 02-2 5.14% 01/15/2021 13 13
    166764AB6 CHEVRON CORP SR UNSECURED 2.355% 12/05/2022-2022 50,000 51,778
    22160KAP0 COSTCO WHOLESALE CORP SR UNSECURED 1.6% 04/20/2030-2030 39,933 40,988
    24422EUC1 JOHN DEERE CAP CORP SR UNSECURED FLT RT .4595% 03/12/2021 60,000 60,020
    254687FY7 DISNEY WALT CO SR UNSECURED 3.5% 05/13/2040-2039 24,975 29,387
    26444HAC5 DUKE ENERGY FLORIDA LLC SECURED 3.2% 01/15/2027-2026 74,969 83,723
    291011BP8 EMERSON ELECTRIC CO SR UNSECURED .875% 10/15/2026-2026 24,928 25,164
    29364WAV0 ENTERGY LOUISIANA LLC SECURED 4.95% 01/15/2045-2025 35,687 38,624
    29364WBF4 ENTERGY LOUISIANA LLC 1ST LIEN .62% 11/17/2023-2021 54,990 55,183
    29365TAD6 ENTERGY TEXAS INC SECURED 5.15% 06/01/2045-2025 84,687 91,565
    298785HK5 EUROPEAN INVT BK SR UNSECURED 2.375% 06/15/2022 100,604 103,161
    314353AA1 FEDEX 2020-1 CLASS AA 1.875% 02/20/2034 OFV 25000 25,000 25,742
    361448BF9 GATX CORP SR UNSECURED 4% 06/30/2030-2030 24,949 29,545
    38141EC23 GOLDMAN SACHS GROUP INC SR UNSECURED 3.85% 07/08/2024-2024 100,921 110,567
    38173NAA8 GOLONDRINA LEASING BANK OF USA 1.822% 05/03/2025 19,811 20,541
    384802AD6 GRAINGER W W INC SR UNSECURED 4.2% 05/15/2047-2046 51,666 63,326
    42824CBK4 HEWLETT PACKARD ENTERPRISE CO. SR UNSECURED 1.75% 04/01/2026 50,006 51,784
    457187AC6 INGREDION INC SR UNSECURED 2.9% 06/01/2030-2030 24,954 27,534
    458140BH2 INTEL CORP SR UNSECURED 2.45% 11/15/2029-2029 56,086 59,662
    45818QAD1 INTER-AMERICAN DEVEL BANK NOTES 6.75% 07/15/2027 121,978 133,587
    45866FAD6 INTERCONTINENTAL EXCHSR UNSEC 3.75% 12/01/2025-2025 62,760 68,140
    459058JF1 INTL BK RECON & DEV UNSECURED FLOAT .4643% 08/19/2027 100,000 99,961
    461070AR5 INTERSTATE POWER & LIGHT SR UNSECURED 3.5% 09/30/2049-2049 54,820 63,228
    478160CR3 JOHNSON & JOHNSON SR UNSECURED 2.1% 09/01/2040-2040 54,634 55,464
    48305QAC7 KAISER FDTN HOSPITAL SR UNSECURED 3.15% 05/01/2027-2027 74,812 84,701
    494368BQ5 KIMBERLY CLARK CORP SR UNSECURED 2.65% 03/01/2025 39,944 43,189
    494368CC5 KIMBERLY CLARK CORP SR UNSECURED 1.05% 09/15/2027-2027 100,000 101,359
    514886AC4 LANDESBANK BADEN-WURTTEMBERG SUB 7.625% 02/01/2023 150,420 154,506
    534187BA6 LINCOLN NATL CORP SR UNSECURED 7% 06/15/2040 79,726 91,804
    58933YBA2 MERCK & CO INC SR UNSECURED 2.35% 06/24/2040-2039 24,756 25,869
    594918AW4 MICROSOFT CORP SR UNSECURED 3.625% 12/15/2023 29,950 32,765
    595620AN5 MIDAMERICAN ENERGY CO SECURED 4.4% 10/15/2044-2044 79,866 90,789
    637432NP6 NATIONAL RURAL UTILITIES SECURED 3.4% 02/07/2028-2027 102,837 114,888
    664397AM8 NORTHEAST UTILITIES SR UNSECURED 3.15% 01/15/2025-2024 108,886 119,900
    665859AU8 NORTHERN TRUST CORP SR UNSECURED 3.15% 05/03/2029-2029 74,999 84,932
    66989HAG3 NOVARTIS CAPITAL CORP SR UNSECURED 3.4% 05/06/2024 50,321 54,851
    670346AR6 NUCOR CORP SR UNSECURED 2% 06/01/2025-2025 24,966 26,476
    67077MAV0 NUTRIEN LTD SR UNSECURED 1.9% 05/13/2023 24,981 25,824
    6903534J3 OVERSEAS PRIVATE INV CORP SR UNSEC .08% 09/15/2025-2018 65,000 65,000
    6903534U8 OVERSEAS PRIV INV CORP SR UNSECFLT RT .08% 09/15/2026-2018 85,000 85,000
    695114CL0 PACIFICORP SECURED 6% 01/15/2039 73,714 74,360
    713448CT3 PEPSICO INC SR UNSECURED 2.75% 04/30/2025-2025 34,929 38,098
    717081EP4 PFIZER INC SR UNSECURED 3.6% 09/15/2028-2028 27,966 29,589
    74251VAK8 PRINCIPAL FIN GROUP SR UNSECURED 3.4% 05/15/2025-2025 31,568 33,208
    742651DW9 PRIVATE EXPORT FUNDING SECURED 3.25% 06/15/2025 120,295 128,548
    74456QBZ8 PUB SVC ELEC & GAS SECURED 3.85% 05/01/2049-2048 40,059 44,109
    74825QAA8 QUEENS HEALTH SYSTEMS SECURED 4.464% 07/01/2045 OFV 40000 40,000 50,121
    75513EAD3 RAYTHEON TECH CORP SR UNSEC 2.25% 07/01/2030-2030 24,968 26,555
    778296AA1 ROSS STORES INC SR UNSECURED 3.375% 09/15/2024-2024 34,989 37,492
    78013XW61 ROYAL BANK OF CANADA SR UNSEC .79788% 10/05/2023 54,841 55,549
    822582AS1 SHELL INTERNATIONAL SR UNSECURED 2.375% 08/21/2022 49,954 51,742
    822582BQ4 SHELL INTERNATIONAL SR UNSECURED 4% 05/10/2046 49,161 62,971
    83162CYA5 SMALL BUS ADMIN SER 2016-20I CL I 2.03% 09/01/2036 OFV 100000 66,013 67,327
    845011AA3 SOUTHWEST GAS CORP SR UNSECURED 3.7% 04/01/2028-2028 53,250 57,309
    855244AN9 STARBUCKS CORP SR UNSECURED 3.1% 03/01/2023-2023 34,994 36,972
    857477BF9 STATE STREET CORP SUBORDINATED 3.031% 11/01/2034-2029 77,398 82,213
    89114R5B8 TORONTO-DOMINION BANK SR UNSECURED 2.375% 11/08/2027-2023 51,326 50,457
    89153VAL3 TOTAL CAPITAL INTL SA SR UNSECURED 3.75% 04/10/2024 86,484 93,979
    907818EB0 UNION PACIFIC CORP SR UNSECURED 3.375% 02/01/2035-2034 34,916 40,960
    91159HHM5 US BANCORP SUBORDINATED 3.1% 04/27/2026-2026 50,300 55,647
    91324PDY5 UNITEDHEALTH GROUP INC SR UNSECURED 2.75% 05/15/2040-2039 53,808 59,666
    92343VFT6 VERIZON COMMUNICATIONS SR UNSECURED 2.65% 11/20/2040-2040 24,977 25,244
    931142EB5 WALMART INC SR UNSECURED 3.95% 06/28/2038-2037 93,123 102,050
    949746SJ1 WELLS FARGO CO SR UNSECFLT RT FLOAT RATE 1.3585% 10/31/2023-2022 75,083 76,185
    56062X708 MAINSTAY MACKAY HIGH YLD CORP BD FD CL I 332,329 333,337
    72202E682 PIMCO PREFER & CAPITAL-INST 224,857 224,188

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00206R102 AT&T INC 19,266 21,570
    004225108 ACADIA PHARMACEUTICALS INC 3,855 4,010
    00724F101 ADOBE SYSTEMS INC 49,924 56,013
    007903107 ADVANCED MICRO DEVICES INC 24,267 26,596
    01609W102 ALIBABA GROUP HOLDING LTD. SP ADR 33,751 29,091
    017175100 ALLEGHANY CORP 13,909 16,903
    020002101 ALLSTATE CORP 14,062 24,185
    02079K107 ALPHABET INC CL C 22,876 22,774
    02079K305 ALPHABET INC CL A 2,717 22,784
    023135106 AMAZON.COM INC 121,328 123,763
    037833100 APPLE INC 38,810 126,852
    038222105 APPLIED MATERIALS INC 32,835 40,993
    046353108 ASTRAZENECA PLC SP ADR 11,575 20,746
    05722G100 BAKER HUGHES CO 22,962 25,020
    060505104 BANK OF AMERICA CORP 15,646 21,065
    084670702 BERKSHIRE HATHAWAY INC CL B 12,461 28,288
    09247X101 BLACKROCK INC 18,165 25,975
    12572Q105 CME GROUP INC 13,721 14,564
    126650100 CVS/CAREMARK CORP 16,743 18,100
    149123101 CATERPILLAR INC 15,069 20,932
    166764100 CHEVRON CORP 22,081 20,690
    17275R102 CISCO SYSTEMS 16,997 23,718
    172908105 CINTAS CORP 11,469 12,018
    172967424 CITIGROUP INC 28,300 28,055
    235851102 DANAHER CORP 39,046 41,096
    23636T100 DANONE SPONS ADR 30,322 26,528
    252131107 DEXCOM INC 4,105 4,437
    254687106 DISNEY WALT CO 18,140 28,083
    25470F302 DISCOVERY INC C 15,480 19,773
    26142R104 DRAFTKINGS INC CL A 25,138 23,746
    29082A107 EMBRAER SA ADR 12,495 13,211
    30303M102 FACEBOOK INC CL A 39,960 52,720
    31428X106 FEDEX CORPORATION 17,233 28,558
    33616C100 FIRST REPUBLIC BANK/SAN FRAN 11,215 16,897
    337738108 FISERV INC 25,166 26,188
    337932107 FIRSTENERGY CORP 18,546 19,590
    338307101 FIVE9 INC 3,650 4,360
    345370860 FORD MOTOR COMPANY 21,629 21,799
    369550108 GENERAL DYNAMICS CORP 15,818 17,114
    369604103 GENERAL ELECTRIC CO 3,697 3,726
    375558103 GILEAD SCIENCES INC 21,530 17,187
    38141G104 GOLDMAN SACHS GROUP INC 18,760 23,734
    40131M109 GUARDANT HEALTH INC 5,209 6,444
    40434L105 HP INC. 17,591 29,385
    431475102 HILL-ROM HOLDINGS INC 13,627 13,716
    437076102 HOME DEPOT INC 11,122 15,937
    44267D107 THE HOWARD HUGHES CORP 18,806 13,023
    458140100 INTEL CORP 14,571 16,192
    460146103 INTERNATIONAL PAPER CO 15,904 18,396
    461202103 INTUIT 11,339 12,535
    46625H100 JP MORGAN CHASE & CO 18,044 33,674
    478160104 JOHNSON & JOHNSON 8,909 27,856
    487836108 KELLOGG CO 16,318 16,491
    501044101 KROGER CO 15,341 23,185
    517834107 LAS VEGAS SANDS CORP 13,497 14,304
    536797103 LITHIA MOTORS INC 6,664 7,317
    548661107 LOWES COS INC 10,180 10,433
    559222401 MAGNA INTERNATIONAL INC CL A 15,805 27,612
    58155Q103 MCKESSON CORP 19,905 26,088
    58733R102 MERCADOLIBRE INC 12,017 16,752
    58933Y105 MERCK & CO INC 6,182 13,088
    594918104 MICROSOFT CORP 95,423 144,573
    595112103 MICRON TECH INC 23,529 28,568
    60871R209 MOLSON COORS BEVERAGE CO 25,186 19,206
    617446448 MORGAN STANLEY 11,220 14,049
    64110L106 NETFLIX INC 7,966 8,652
    651639106 NEWMONT CORPORATION 11,428 31,742
    67066G104 NVIDIA CORP 25,005 25,066
    70450Y103 PAYPAL HOLDINGS INC. 44,900 55,037
    717081103 PFIZER INC 13,713 16,933
    72352L106 PINTEREST INC CLASS A 12,036 18,123
    742718109 PROCTER & GAMBLE CO 9,326 21,567
    747525103 QUALCOMM INC 19,223 60,936
    74834L100 QUEST DIAGNOSTICS INC 20,678 22,046
    75513E101 RAYTHEON TECHNOLOGIES CORP 13,327 20,237
    76680R206 RINGCENTRAL INC CLASS A 7,048 9,474
    78409V104 S&P GLOBAL INC 12,494 18,080
    79466L302 SALESFORCE.COM INC 51,624 45,619
    803054204 SAP SE SPONS ADR 19,983 22,166
    808513105 CHARLES SCHWAB CORP 11,281 18,299
    824348106 SHERWIN-WILLIAMS CO 21,161 29,396
    826197501 SIEMENS AG SP ADR 18,054 19,383
    828806109 SIMON PROPERTY GROUP INC COM 4,122 4,264
    842587107 SOUTHERN CO 11,869 13,515
    855244109 STARBUCKS CORP 43,832 52,955
    857477103 STATE STREET CORP COMMON 14,426 13,464
    872590104 T-MOBILE US INC 46,218 51,917
    874039100 TAIWAN SEMICONDUCTOR -SP ADR 8,798 9,268
    893641100 TRANSDIGM GROUP INC 21,036 23,516
    902494103 TYSON FOODS INC CL A 11,531 11,599
    902973304 US BANCORP 21,016 21,897
    90353T100 UBER TECHNOLOGIES INC 15,435 16,575
    904767704 UNILEVER PLC SPONSORED ADR 17,724 21,126
    907818108 UNION PACIFIC CORP 12,713 13,534
    912008109 US FOODS HOLDING CORP 13,234 16,488
    91324P102 UNITEDHEALTH GROUP INC 26,090 27,353
    91879Q109 VAIL RESORTS INC 6,232 6,974
    92532F100 VERTEX PHARMACEUTICALS INC 4,401 4,727
    92556H206 VIACOMCBS INC-CLASS B 18,380 13,041
    92556V106 VIATRIS INC 1,175 1,574
    92826C839 VISA INC CL A SHARES 44,658 68,681
    92857W308 VODAFONE GROUP PLC SP ADR 26,350 19,941
    931142103 WALMART INC 11,866 23,785
    962166104 WEYERHAEUSER CO 12,181 16,262
    G1151C101 ACCENTURE PLC CL A 14,377 19,591
    G5960L103 MEDTRONIC PLC 10,841 13,471
    H1467J104 CHUBB LTD 15,555 20,933
    H84989104 TE CONNECTIVITY LTD 16,019 29,662
    N6596X109 NXP SEMICONDUCTORS NV 22,312 27,032
    256206103 DODGE & COX INTERNATIONAL STOCK FUND 958,170 1,071,637
    38142Y773 GOLDMAN SACHS LARGE CAP VALUE FD - INST 1,360,807 1,357,444
    38144N593 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS INSTL 1,473,145 1,722,565
    47803W406 JOHN HANCOCK III DISC M/C-IS 721,230 1,125,031
    4812A0623 JPMORGAN EMERG MRKT EQ-I 60,000 61,505
    56062X641 MAINSTAY WINSLOW LRG CAP GROWTH FUND CL I 1,093,891 1,336,812
    577130834 MATTHEWS PACIFIC TIGER FUND CL INS 882,363 1,057,033
    74144Q203 T ROWE PRICE INSTITUTIONAL EMERGING MARKETS EQUITY FUND 1,089,339 1,655,234
    74316J458 CONGRESS MID CAP GROWTH-INS 543,185 1,142,643
    921943858 VANGUARD FTSE DEVELOPED ETF 4,701,903 6,345,118
    922042858 VANGUARD FTSE EMERGING MARKETS ETF 2,409,278 3,168,105
    922908769 VANGUARD TOTAL STOCK MARKET ETF 4,886,587 12,873,295
    94984B348 WELLS FARGO ADVANTAGE INTERNATIONAL EQUITY FUND - I 1,551,663 1,584,236
    00141V697 INVESCO BALANCED RISK ALLOC - Y 1,269,329 1,320,299
    277923728 EATON VANCE GLOBAL MACRO-I 1,341,158 1,305,640

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    US Government Securities - End of Year Book Value:

    3,811,860
    US Government Securities - End of Year Fair Market Value:

    4,048,086
    State & Local Government Securities - End of Year Book Value:


    1,159,030
    State & Local Government Securities - End of Year Fair Market Value:


    1,227,085


    TY 2020 LegalFeesSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,679 5,679   0


    TY 2020 OtherDecreasesSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Description Amount
    PRIOR PERIOD ADJ - REAL PROP BASIS 9,141


    TY 2020 OtherExpensesSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE - LIABILITY 3,565 0   3,565
    WAGES - SECRETARIAL SUPPORT 27,531 0   27,531
    ANNUAL FILING FEE 6 0   6
    ADR/ADS FEES 169 0   169
    OPERATING EXPENSES 14,096 0   14,096
    INSURANCE 160 160   0
    REAL ESTATE MGMT FEES 5,832 5,832   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FUND MANAGEMENT 198,271 138,789   59,481
    INVESTMENT ADVISORY FEES 40,193 40,193   0


    TY 2020 TaxesSchedule
    Name:
    SAMUEL N & MARY CASTLE FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    99-6003321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 592 592   0
    FEDERAL EXCISE TAXES 32,000 0   0
    GENERAL EXCISE TAX 644 644   0