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
MAMORU & AIKO TAKITANI FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968023170
A Employer identification number

51-0212114
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$35,114,960J 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) 12,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,057 3,057  
4 Dividends and interest from securities... 231,213 230,177  
5a Gross rents............ 338,910 338,910  
b Net rental income or (loss) 210,184
6a Net gain or (loss) from sale of assets not on line 10 460,316
b Gross sales price for all assets on line 6a 2,966,503
7 Capital gain net income (from Part IV, line 2)... 460,316
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)....... Click to see attachment 739,787 739,787  
12 Total. Add lines 1 through 11........ 1,785,783 1,772,247  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,000 0   50,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 15,709 0   15,709
b Accounting fees (attach schedule)....... Click to see attachment 23,043 6,515   16,528
c Other professional fees (attach schedule).... Click to see attachment 128,281 29,917   98,337
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 49,503 12,503   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 60,145 0  
20 Occupancy.............. 6,500 0   6,500
21 Travel, conferences, and meetings....... 1,917 0   1,917
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 277,183 252,123   25,060
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 612,281 301,058   214,051
25 Contributions, gifts, grants paid....... 1,534,710 1,534,710
26 Total expenses and disbursements. Add lines 24 and 25 2,146,991 301,058   1,748,761
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -361,208
b Net investment income (if negative, enter -0-) 1,471,189
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............. 698,938 694,504 694,504
2 Savings and temporary cash investments......... 684,785 212,562 212,562
3 Accounts receivable bullet1,100,000
Less: allowance for doubtful accounts bullet     1,100,000 1,100,000
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,239,921 Click to see attachment11,653,689 14,567,123
14 Land, buildings, and equipment: basis bullet5,421,343
Less: accumulated depreciation (attach schedule) bullet176,192 5,260,945 Click to see attachment5,245,151 5,245,151
15 Other assets (describe bullet) Click to see attachment11,884,051 Click to see attachment11,623,946 Click to see attachment13,295,620
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,768,640 30,529,852 35,114,960
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........ 30,768,640 30,529,852
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)..... 30,768,640 30,529,852
30 Total liabilities and net assets/fund balances (see instructions). 30,768,640 30,529,852
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
30,768,640
2
Enter amount from Part I, line 27a .....................
2
-361,208
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
122,420
4
Add lines 1, 2, and 3 ..........................
4
30,529,852
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
30,529,852
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 LTCL C/O FROM FINAL YR K-1 FROM TAKITANI TRUST 99-6036176 P 1976-07-01 2020-12-31
b CAPITAL GAINS DIVIDENDS P 2019-01-01 2020-12-31
c 18608.135 SHARES OF VANGUARD INTERMEDIATE TERM TREAS FD ADM P 2016-06-06 2020-04-09
d 6288.131 SHARES OF VANGUARD INTERMEDIATE TERM TREAS FD ADM P 2017-03-17 2020-04-09
e 50000 UNITS OF MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE SALES TAX 5% P 2012-07-20 2020-07-01
32840.722 SHARES OF VANGUARD INTERMEDIATE TERM TREAS FD ADM P 2017-03-17 2020-08-31
926.126 SHARES OF VANGUARD 500 INDEX FD ADM P 2016-02-24 2020-08-31
44510.386 SHARES OF VANGUARD DEVELOPED MARKETS INDEX FUND-ADM P 2019-04-03 2020-08-31
43668.122 SHARES OF JPMORGAN STRAT INC OPP-I P 2017-06-30 2020-09-23
2321.532 SHARES OF VANGUARD 500 INDEX FD ADM P 2016-02-24 2020-12-28
(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     121,420 -121,420
b 16,503     16,503
c 224,228   215,668 8,560
d 75,772   69,672 6,100
e 50,000   50,000 0
400,000   363,875 36,125
300,000   165,378 134,622
600,000   596,884 3,116
500,000   508,734 -8,734
800,000   414,556 385,444
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       -121,420
b       16,503
c       8,560
d       6,100
e       0
      36,125
      134,622
      3,116
      -8,734
      385,444
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 2 460,316
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 20,450
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 20,450
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 20,450
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 32,523
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 32,523
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 96
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 11,977
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet11,977 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://TAKITANIFOUNDTION.ORG
    14
    The books are in care ofbulletBANK OF HAWAII Telephone no.bullet (808) 694-4525

    Located atbullet111 S 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
     
     
    ........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
    JANICE LUKE LOO PRESIDENT
    6.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    STUART HO VICE-PRESIDENT & SECRETARY
    3.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    KAREN UNO VICE-PRESIDENT
    4.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    MICHAEL W PERRY CHAIR
    8.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    DR C SCOTT WO VICE-CHAIR & TREASURER
    2.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI96802
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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
    13,439,294
    b
    Average of monthly cash balances.......................
    1b
    1,374,282
    c
    Fair market value of all other assets (see instructions)................
    1c
    16,910,288
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,723,864
    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
    31,723,864
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    475,858
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,248,006
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,562,400
    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
    1,562,400
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    20,450
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    20,450
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,541,950
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    1,542,950
    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
    1,542,950
    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
    1,748,761
    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
    1,748,761
    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
    1,748,761
    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 1,542,950
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 782,124
    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$ 1,748,761
    a Applied to 2019, but not more than line 2a 782,124
    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..... 966,637
    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 ..........     		576,313
    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:
    MAMORU AND AIKO TAKITANI FOUNDATION
    PO BOX 10687
    HONOLULU,HI968160687
    (808) 228-0209
    bThe form in which applications should be submitted and information and materials they should include:
    ELIGIBLE HIGH SCHOOLS NOMINATE A STUDENT FROM THEIR SCHOOL THAT MEETS THE REQUIREMENTS FOR FINANCIAL NEED AND ACADEMIC EXCELLENCE. SEE WWW.TAKITANIFOUNDATION.ORG FOR MORE INFORMATION.
    cAny submission deadlines:
    ONLINE SCHOLARSHIP APPLICATION DEADLINE IS IN FEBRUARY. SEE WWW.TAKITANIFOUNDATION.ORG FOR MORE INFO
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FUNDS ARE TO BE USED FOR EDUCATIONAL EXPENSES AS DETERMINED BY THE STUDENT' COLLEGE OR UNIVERSITY FINANCIAL AID OFFICE.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MAMORU AND AIKO TAKITANI FOUNDATION
    PO BOX 10687
    HONOLULU,HI968160687
    (808) 228-0209
    INFO@TAKITANIFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    THE MAMORU AND AIKO TAKITANI FOUNDATION DOES NOT ACCEPT UNSOLICIATED REQUESTS FOR FUNDING. PROPOSALS ARE ACCEPTED BY INVITATION ONLY.
    cAny submission deadlines:
    INVITED NONPROFITS TO SUBMIT A REQUEST ON 1ST DAY OF FEBRUARY, MAY, AUGUST, OR NOVEMBER.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTIONS ARE LIMITED FOR THE PURPOSES DETAILED IN THE AWARD LETTERS.
    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
    GIRL SCOUTS OF HAWAII
    410 ATKINSON DR STE 2E1 BOX
    HONOLULU,HI96814     		NONE PC AFTER SCHOOL PROGRAM FOR LOW INCOME GIRLS 10,000
    HAWAII RESTAURANT ASSOCIATION
    2909 WAIALAE AVE 44
    HONOLULU,HI96826     		NONE PC EDUCIATIONAL FUND SCHOLARSHIPS 5,000
    LAWAKUA CHARITABLE FUND
    737 BISHOP STREET SUITE 1875
    HONOLULU,HI96813     		NONE PC FINANACIAL AID SCHOLARSHIPS 20,000
    PACIFIC BUDDHIST ACADEMY
    1710 PALI HIGHWAY
    HONOLULU,HI96813     		NONE PC FINANCIAL AID SCHOLARSHIPS 50,000
    READ TO ME INTERNATIONAL
    126 QUEEN STRRET SUITE 303
    HONOLULU,HI96813     		NONE PC READING PROGRAM 15,000
    THE HAWAII CHILDRENS FOUNDATION
    650 IWILEI ROAD STE 400
    HONOLULU,HI96817     		NONE PC AFTER SCHOOL PROGRAM 20,000
    UNIVERSITY OF HAWAII FOUNDATION
    2444 DOLE STREET BACHMAN HALL 105
    HONOLULU,HI96822     		NONE PC HONOLULU COMMUNITY AND WINDWARD COMMUNITY COLLEGE 13TH YEAR PROGRAM 210,000
    UNIVERSITY OF HAWAII FOUNDATION
    2444 DOLE STREET BACHMAN HALL 105
    HONOLULU,HI96822     		NONE PC FOR SHIDLER COLLEGE OF BUSINESS, PACE SUMMER LAUNCHPAD 20,000
    YMCA OF HONOLULU
    1040 RICHARDS STREET
    HONOLULU,HI96813     		NONE PC GIRLS' SUMMIT CONFERENCES 20,000
    ADVENTIST HEALTH CASTLE
    640 ULUKAHIKI STREET
    HONOLULU,HI96734     		NONE PC COVID-19 RESPONSE FUND 30,000
    HAWAII CHILDREN'S ACTION NETWORK
    850 RICHARDS ST SUITE 201
    HONOLULU,HI96813     		NONE PC COVID-19 RESPONSE 5,000
    QUEEN'S MEDICAL CENTER
    1301 PUNCHBOWL STREET
    HONOLULU,HI96813     		NONE PC COVID-19 EMERGENCY RESPONSE FUND 50,000
    REHABILITATION HOSPITAL OF THE PACIFIC FOUNDATION
    226 NOERH KUAKINI ST
    HONOLULU,HI96817     		NONE PC COVID-19 RESPONSE 30,000
    CHAMINADE UNIVERSITY
    3140 WAIALAE AVE CLARENCE T C CHING
    HALL RM 209
    HONOLULU,HI96816     		NONE PC SCHOLARSHIP SUPPORT 100,000
    UNIVERSITY OF HAWAII FOUNDATION
    2444 DOLE STREET BACHMAN HALL 105
    HONOLULU,HI96822     		NONE PC FOR THE CREATION OF THE MAMORU & AIKO TAKITANIS INNOVATION LAB - PROGRAM DEVELOPMENT & THE PRIVATE DINING ROOM (KCC CULINARY INSTITUTE) 350,000
    CHILDRENS DISCOVERY CENTER
    111 OHE STREET
    HONOLULU,HI96813     		NONE PC SUPPORT OF THE VOLUNTEER MENTORSHIP PROGRAM 25,000
    EDUCATIONAL INSTITUTE OF HAWAII
    53-652 KAMEHAMEHA HIGHWAY
    HAUULA,HI96717     		NONE PC IMPROVE EDUCATIONAL OUTCOMES FOR PUBLIC SCHOOL STUDENTS 40,000
    HI PACIFIC HEALTH
    850 RICHARDS STREET SUITE 201
    HONOLULU,HI968134790     		NONE PC PAIA ELEMENTARY STUDMENT LUNCH PROGRAM 50,000
    KRISTI YAMAGUCHI'S ALWAYS DREAM FOUNDATION
    125 RAILROAD AVENUE SUITE 203
    DANVILLE,CA94526     		NONE PC READING PROGRAM 10,000
    SUSANNAH WESLEY COMMUNITY CENTER
    1117 KAILI STREET
    HONOLULU,HI96819     		NONE PC PROMOTED PROGRAM 25,000
    YMCA OF HONOLULU
    1441 PALI HIGHWAY
    HONOLULU,HI96813     		NONE PC SCHOLARSHIP SUPPORT FOR COLLEGE CAMP 50,000
    FAMILY PROMISE OF HAWAII
    245 N KUKUI ST 101
    HONOLULU,HI96817     		NONE PC GENERAL OPERATIONS 5,000
    KICK START KARATE
    665 KUMIKAHI PLACE
    HONOLULU,HI96825     		NONE PC THE SCHOLARSHIP PROGRAM FOR AT RISK STUDENTS 5,000
    REHABILITATION HOSPITAL OF THE PACIFIC FOUNDATION
    226 NORTH KUAKINI STEET
    HONOLULU,HI96817     		NONE PC KO MIYATAKI EMPLOYEE APPRECIATION LUNCHEON 5,000
    ADVENTIST HEALTH CASTLE
    640 ULUKAHIKI STREET
    HONOLULU,HI96734     		NONE PC EMERGENCY FUND 5,000
    PACIFIC AND ASIAN AFFAIRS COUNCIL
    1601 EAST-WEST ROAD 4TH FLOOR
    HONOLULU,HI96848     		NONE PC STUDY ABROAD SCHOLARSHIPS AND OTHER GLOBAL LEARNING PROGRAMS 5,000
    CHAMINADE UNIVERSITY FBO DESSELYNN
    3140 WAIALAE AVE CLARENCE T C CHING
    HALL RM 209
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    CREIGHTON UNIVERSITY FBO JACKIE LU
    2500 CALIFORNIA PLAZA HARPER CENTER
    SUITE 1100
    OMAHA,NE68178     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    GRANDVIEW UNIVERSITY FBO CHEVELLE K
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    HONOLULU COMMUNITY COLLEGE FBO JARO
    874 DILLINGHAM BLVD
    HONOLULU,HI96817     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    KAPIOLANI COMMUNITY COLLEGE FBO BLY
    4303 DIAMOND HEAD ROAD ILIMA BLDG
    R102
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    KAPIOLANI COMMUNITY COLLEGE FBO JOS
    4303 DIAMOND HEAD ROAD ILIMA BLDG
    R102
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    LEWIS AND CLARK COLLEGE FBO MEI LI
    615 S PALATINE HILL ROAD
    PORTLAND,OR97219     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF HAWAII AT HILO FBO JO
    200 W KWILI ST
    HILO,HI96720     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO E
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO L
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF HAWAII AT MANOA FBO L
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    UNIVERSITY OF HAWAII AT MANOA FBO M
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO V
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF HAWAII AT MANOA FBO V
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    UNIVERSITY OF NEVADA LAS VEGAS FBO
    4505 S MARYLAND PKWY
    LAS VEGAS,NV89154     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA90089     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    WINDWARD COMMUNITY COLLEGE FBO GRAC
    45-720 KEAAHALA RD
    KANEOHE,HI96744     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    OREGON STATE UNIVERSITY FBO MALACHI
    1500 SW JEFFERSON WAY
    CORVALLIS,OR97331     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    MARYVILLE UNIVERSITY FBO MARIE CLAI
    650 MARYVILLE UNIVERSITY DRIVE
    ST LOUIS,MO63141     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    STANFORD UNIVERSITY FBO AMEERA WATE
    MONTAG HALL 355 GALVEZ ST
    STANFORD,CA94305     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    ASSUMPTION COLLEGE FBO NIKOLAS ROBB
    500 SALISBURY STREET
    WORCESTER,MA01609     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF HAWAII AT MANOA FBO A
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF HAWAII AT MANOA FBO S
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96823     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    CONCORDIA UNIVERSITY NEBRASKA FBO M
    800 NORTH COLUMBIA
    SEWARD,NE68434     		NONE I 2020-2021 ACADEMIC YEAR 8,000
    BOSTON COLLEGE FBO LILIANNA MCDERMO
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF CALIFORNIA LOS ANGELE
    405 HILGARD AVENUE
    LOS ANGELES,CA90095     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    GRAND CANYON UNIVERSITY FBO SARAH L
    PO BOX 11590
    PHOENIX,AZ85061     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    LEWIS AND CLARK COLLEGE FBO KAIKEA
    615 S PALATINE HILL ROAD MSC 56
    PORTLAND,OR97219     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF PORTLAND FBO KAYLA MI
    500 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    BRIGHAM YOUNG UNIVERSITY FBO AVA ME
    B-202 ASB
    PROVO,UT84602     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    MONTANA STATE UNIVERSITY FBO ISABEL
    14 MONTANA HALL PO BOX 174160
    BOZEMAN,MT597174160     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF HAWAII AT MANOA FBO S
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF ROCHESTER FBO EMILY S
    PO BOX 270261
    ROCHESTER,NY146270261     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    NEW YORK FILM ACADEMY FBO MICHAELA
    3300 RIVERSIDE DRIVE
    BURBANK,CA91505     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    PACIFIC UNIVERSITY FBO SHAYE NISHIM
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    SEATTLE UNIVERSITY FBO MEGAN OKUMA
    901 12TH AVE PO BOX 222000
    SEATTLE,WA98122     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    PENNSYLVANIA STATE UNIVERSITY FBO S
    314 SHIELDS BUILDING
    UNIVERSITY PARK,PA16802     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    MACALESTER COLLEGE FBO KODY KOBAYAS
    1600 GRAND AVENUE
    SAINT PAUL,MN55105     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    LEWIS AND CLARK COLLEGE FBO MAKENA
    0615 SW PALATINE HILL ROAD MSC 56
    PORTLAND,OR97219     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF PORTLAND FBO AMANDA S
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE I 2020-2021 ACADEMIC YEAR 6,000
    ARIZONA STATE UNIVERSITY FBO LOGAN
    1151 S FOREST AVE
    TEMPE,AZ85281     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF PORTLAND FBO LANNIE H
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF HAWAII AT HILO FBO KI
    200 WEST KWILI STREET
    HILO,HI967204091     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF HAWAII AT HILO FBO XA
    200 WEST KAWILI STREET
    HILO,HI967204091     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF OREGON FBO ADDYSSYN O
    1278 UNIVERSITY STREET
    EUGENE,OR974031278     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    OREGON STATE UNIVERSITY FBO BREANNA
    1500 SW JEFFERSON WAY
    CORVALLIS,OR97339     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF HAWAII AT MANOA FBO S
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF HAWAII AT MANOA FBO S
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    EDMONDS COLLEGE FBO MALIE WATANABE
    20000 68TH AVE W
    LYNNWOOD,WA98036     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    RENSSELAER POLYTECHNIC INSITITUTE F
    110 8TH STREET
    TROY,NY12180     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF WASHINGTON FBO HEATHE
    BOX 355880
    SEATTLE,WA981955880     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    SAN DIEGO STATE UNIVERSITY FBO MIYA
    5500 CAMPANILE DRIVE
    SAN DIEGO,CA921827436     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    PACIFIC UNIVERSITY FBO LEILANI ESPE
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    CHAMINADE UNIVERSITY FBO CHRISLIN S
    3140 WAIALAE AVENUE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF SAN DIEGO FBO MARIA A
    5998 ALCALA PARK
    SAN DIEGO,CA92110     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    SWARTHMORE COLLEGE FBO TAMMY LAM
    500 COLLEGE AVENUE
    SWARTHMORE,PA19081     		NONE I 2020-2021 ACADEMIC YEAR 6,000
    UNIVERSITY OF CENTRAL MISSOURI FBO
    1100 WARD EDWARDS BLDG
    WARRENSBURG,MO64093     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    SEATTLE UNIVERSITY FBO MAKENA BRUHN
    901 12TH AVENUE PO BOX 222000
    SEATTLE,WA98122     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    POINT LOMA NAZARENE UNIVERSITY FBO
    3900 LOMALAND DRIVE
    SAN DIEGO,CA92106     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF HAWAII AT MANOA FBO K
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    CHAMINADE UNIVERSITY OF HONOLULU FB
    3140 WAIALAE AVENUE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    THE UNIVERSITY OF ALABAMA FBO DRAVE
    106 STUDENT SERVICES CENTER
    TUSCALOOSA,AL35487     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    UNIVERSITY OF THE PACIFIC FBO MATAI
    3601 PACIFIC AVENUE
    STOCKTON,CA95211     		NONE I 2020-2021 ACADEMIC YEAR 3,000
    GEORGETOWN UNIVERSITY FBO AMIRA FIS
    37TH O STREETS NW HEALY HALL G-19
    WASHINGTON,DC200571005     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    AMERICAN UNIVERSITY FBO CHEYANNE-MA
    4400 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20016     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    BOSTON UNIVERSITY FBO MANA NOZAWA
    881 COMMONWEALTH AVENUE
    BOSTON,MA02215     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    BRIGHAM YOUNG UNIVERSITY HAWAII 198
    55-220 KULANUI STREET BLDG 5
    LAIE,HI967621293     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    BRIGHAM YOUNG UNIVERSITY-PROVO FBO
    D155 ABRAHAM O SMOOT
    PROVO,UT84602     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    CALIFORNIA POLYTECHNIC STATE UNIVER
    FINANCIAL AID OFFICE 1 GRAND AVE
    SAN LUIS OBISPO,CA934070501     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    CALIFORNIA POLYTECHNIC STATE UNIVER
    FINANCIAL AID OFFICE 1 GRAND AVE
    SAN LUIS OBISPO,CA934070201     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    CHAMINADE UNIVERSITY OF HONOLULU FB
    3140 WAIALAE AVE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    CHAMINADE UNIVERSITY OF HONOLULU FB
    3140 WAIALAE AVENUE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    CHAMINADE UNIVERSITY OF HONOLULU FB
    3140 WAIALAE AVE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    CHAMINADE UNIVERSITY OF HONOLULU FB
    3140 WAIALAE AVE
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    CHAPMAN UNIVERSITY FBO MIA RICCIARD
    ONE UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    COLORADO CHRISTIAN UNIVERSITY FBO C
    8787 W ALAMEDA AVE
    LAKEWOOD,CO80226     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    COLORADO COLLEGE FBO ZEA LEVINE
    14 E CACHE LA POUDRE ST
    COLORADO SPRINGS,CO80903     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    EASTERN WASHINGTON UNIVERSITY FBO D
    333 EAGLE LN 102 SUTTON HALL
    CHENEY,WA99004     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    GEORGE FOX UNIVERSITY FBO MAKANA KA
    414 N MERIDIAN ST 6068
    NEWBERG,OR97132     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    GEORGETOWN UNIVERSITY FBO ROWLIE JO
    3700 O ST NW
    WASHINGTON,DC20057     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    GRAND CANYON UNIVERSITY FBO KYLIE C
    3300 WEST CAMELBACK ROAD
    PHOENIX,AZ85017     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    HAWAII PACIFIC UNIVERSITY FBO LAURE
    500 ALA MOANA BLVD SUITE 5A
    HONOLULU,HI96813     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    ILLINOIS INSTITUTE OF TECHNOLOGY FB
    10 W 33RD STREET
    CHICAGO,IL60616     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    KAPIOLANI COMMUNITY COLLGE FBO LACE
    4303 DIAMOND HEAD ROAD
    HONOLULU,HI96816     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    LEHIGH UNIVERSITY FBO BEIGIE LAM
    27 MEMORIAL DRIVE WEST
    BETHLEHEM,PA18015     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    LOYOLA MARYMOUNT UNIVERSITY FBO KIA
    1 LMU DRIVE SUITE 200
    LOS ANGELES,CA900452659     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    MASSACHUSETTS INSTITUTE OF TECHNOLO
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    NOVA SOUTHEASTERN UNIVERSITY FBO LE
    3301 COLLEGE AVENUE
    FT LAUDERDALE,FL33314     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    PACIFIC UNIVERSITY FBO KARA YOSHIYA
    2043 COLLEGE WAY
    FOREST GROVE,OR97116     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    POINT LOMA NAZARENE UNIVERSITY FBO
    3900 LOMALAND DRIVE
    SAN DIEGO,CA92106     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    POMONA COLLEGE FBO CARLOS FURUKAWA
    333 N COLLEGE WAY
    CLAREMONT,CA91711     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    SAINT LOUIS UNIVERSITY FBO JOHN NGU
    ONE GRAND BLVD DUBOURG HALL
    ST LOUIS,MS631032907     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    SANTA CLARA UNIVERSITY FBO JENNA MA
    500 EL CAMINO REAL SCHOTT
    SANTA CLARA,CA95053     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    SANTA CLARA UNIVERSITY FBO KERRI-AN
    500 EL CAMINO REAL
    SANTA CLARA,CA95053     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    SEATTLE PACIFIC UNIVERSITY FBO SHAY
    3307 3RD AVE WEST SUITE 114
    SEATTLE,WA98119     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    SEATTLE UNIVERSITY FBO IAN PAULO SA
    901 12TH AVENUE
    SEATTLE,WA98122     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    SEATTLE UNIVERSITY FBO KACI YAMATO
    90112TH AVENUE PO BOX 222000
    SEATTLE,WA98122     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    THE UNIVERSITY OF HAWAII AT MANOA F
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF CALIFORNIA LOS ANGELE
    405 HILGARD AVENUE
    LOS ANGELES,CA900957089     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF CALIFORNIA BERKELEY F
    6193 ETCHEVERRY HALL
    BERKELEY,CA94720     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF CALIFORNIA IRVINE FBO
    102 ALDRICH HALL
    IRVINE,CA926972825     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF DENVER FBO MAX ARAKAK
    2197 S UNIVERSITY BLVD
    DENVER,CO80210     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT HILO FBO DA
    200 WEST KWILI STREET
    HILO,HI96720     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT HILO FBO KI
    200 WEST KAWILI STREET
    HILO,HI96720     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT HILO FBO LE
    200 WEST KAWILI STREET
    HILO,HI96720     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAI'I AT MANOA FBO
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO B
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO D
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF HAWAI'I AT MNOA FBO E
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF HAWAII AT MANOA FBO L
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO N
    2600 CAMPUS RD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO N
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 1,000
    UNIVERSITY OF HAWAI'I- WEST O'AHU F
    91-1001 FARRINGTON HWY
    KAPOLEI,HI96707     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII MANOA FBO IAN
    2600 CAMPUS ROAD
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF NEVADA LAS VEGAS FBO
    4505 S MARYLAND PKWY
    LAS VEGAS,NV891542016     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF NEVADA LAS VEGAS FBO
    BOX 452016 4505 S MARYLAND PKWY
    LAS VEGAS,NV891542016     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF OREGON FBO STACIA ENG
    PO BOX 3237
    EUGENE,OR97403     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    UNIVERSITY OF PORTLAND FBO SAGE ION
    5000 N WILLAMETTE BLVD
    PORTLAND,OR972035798     		NONE I 2020-2021 ACADEMIC YEAR 1,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA90089     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF SOUTHERN CALIFORNIA F
    JOHN HUBBARD HALL LOBBY
    LOS ANGELES,CA900890914     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    VASSAR COLLEGE FBO BRENT SHIMODA
    124 RAYMOND AVENUE BOX 8
    POUGHKEEPSIE,NY12604     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    VASSAR COLLEGE FBO CHRISTOPHER UNRU
    124 RAYMOND AVENUE BOX 8
    POUGHKEEPSIE,NY12604     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    WHEATON COLLEGE FBO CAELE MANLEY
    501 COLLEGE AVENUE
    WHEATON,IL60187     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    WHITMAN COLLEGE FBO KAWOHIKUKAPULAN
    345 BOYER AVE
    WALLA WALLA,WA99362     		NONE I 2020-2021 ACADEMIC YEAR 1,500
    WHITWORTH UNIVERSITY FBO KALENA PFA
    300 W HAWTHORNE RD
    SPOKANE,WA99251     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII MANOA FOR LISA
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 2,310
    DARTMOUTH COLLEGE FBO KEALIA HAITSU
    6024 MCNUTT HALL
    HANOVER,NH03755     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    DARTMOUTH COLLEGE FBO KEALIA HAITSU
    6024 MCNUTT HALL
    HANOVER,NH03755     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    BRANDEIS UNIVERSITY FBO YOO RA SUNG
    415 SOUTH STREET
    WALTHAM,MA02453     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    UNIVERSITY OF CALIFORNIA LOS ANGELE
    405 HILGARD AVE BOX 957089
    LOS ANGELES,CA90095     		NONE I FALL2020 3,000
    YALE UNIVERSITY FBO JIAYING CANDY Y
    PO BOX 208288
    NEW HAVEN,CT065208288     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    STANFORD UNIVERITY FOR VIVIEN YUWEN
    355 GALVEZ ST
    STANFORD,CA94305     		NONE I 2020 AUTUMN 8,900
    UNIVERSITY OF VERMONT FBO MINA POPP
    85 SOUTH PROSPECT STREET
    BURLINGTON,VT05405     		NONE I 2020 FALL AND SPRING 2,000
    UNIVERSITY OF HAWAII AT MANOA RICK
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I 2020-2021 ACADEMIC YEAR 5,000
    PRINCETON UNIVERSITY FEBO HUNTER WO
    PO BOX 591
    PRINCETON,NJ085420591     		NONE I 2020-2021 ACADEMIC YEAR 2,500
    UNIVERSITY OF HAWAII AT HILO FBO AL
    200 W KWILI ST
    HILO,HI967204091     		NONE I SPRINT 2021 3,000
    HONOLULU COMMUNITY COLLEGE FBO ZAYN
    874 DILLINGHAM BLVD
    HONOLULU,HI96817     		NONE I 2020-2021 ACADEMIC YEAR 2,000
    UNIVERSITY OF HAWAII AT MANOA FBO B
    2600 CAMPUS ROAD QLCSS 112
    HONOLULU,HI96822     		NONE I SPRING 2021 3,000
    Total .................................bullet 3a 1,534,710
    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 3,057  
    4 Dividends and interest from securities....     14 231,213  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 210,184  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 739,787  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 460,316  
    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 1,644,557 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,644,557
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    MAMORU & AIKO TAKITANI FOUNDATION INC
     
    Employer identification number

    51-0212114
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    MAMORU & AIKO TAKITANI FOUNDATION INC
          		Employer identification number
    51-0212114
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HAWAIIAN HOST INC
    500 ALAKAWA ST 111
     
    HONOLULU, HI96817

    		$ 12,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    MAMORU & AIKO TAKITANI FOUNDATION INC
          		Employer identification number

    51-0212114
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    MAMORU & AIKO TAKITANI FOUNDATION INC
          		Employer identification number

    51-0212114
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,328 0   1,328
    TAX RETURN PREPARATION FEES 21,715 6,515   15,200

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

    TY 2020 DepreciationSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND (1433 PENSACOLA ST) 2017-12-15 2,461,069   L   0 0    
    BUILDING (1433 PENSACOLA ST) 2017-12-15 742,217 55,105 SL 27.500000000000 26,990 0    
    APPLIANCES (1433 PENSACOLA ST) 2018-02-09 496 136 SL 7.000000000000 71 0    
    ELECTRIC RANGE (1433 PENSACOLA ST) 2018-08-09 850 172 SL 7.000000000000 121 0    
    GAS RANGE (1433 PENSACOLA ST) 2018-08-30 471 89 SL 7.000000000000 67 0    
    LAND (KOA ST) 2018-01-08 1,344,644   L   0 0    
    BUILDING (KOA ST) 2018-01-08 557,170 39,678 SL 27.500000000000 20,261 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-02-20 2,042 139 SL 27.500000000000 74 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-01-19 6,283 447 SL 27.500000000000 228 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-03-15 16,800 1,095 SL 27.500000000000 611 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-03-07 11,500 749 SL 27.500000000000 418 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-04-04 4,375 272 SL 27.500000000000 159 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-05-15 5,075 300 SL 27.500000000000 185 0    
    WASHER & DRYER - 2 (KOA ST) 2018-06-05 4,555 1,031 SL 7.000000000000 651 0    
    REFRIGERATOR (KOA ST) 2018-07-01 628 135 SL 7.000000000000 90 0    
    ELECTRIC RANGE (KOA ST) 2018-07-01 764 164 SL 7.000000000000 109 0    
    ELECTRIC RANGE (KOA ST) 2018-07-01 764 164 SL 7.000000000000 109 0    
    HEATER (KOA ST) 2018-09-04 463 88 SL 7.000000000000 66 0    
    RANGE & WATER HEATER (KOA ST) 2018-08-09 945 191 SL 7.000000000000 135 0    
    APPLIANCES (KOA ST) 2018-02-13 3,301 904 SL 7.000000000000 472 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-02-08 16,500 1,125 SL 27.500000000000 600 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-02-08 16,500 1,125 SL 27.500000000000 600 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-02-08 16,500 1,125 SL 27.500000000000 600 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-02-08 16,500 1,125 SL 27.500000000000 600 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-03-23 28,000 1,824 SL 27.500000000000 1,018 0    
    BUILDING IMPROVEMENTS (KOA ST) 2018-05-12 1,700 101 SL 27.500000000000 62 0    
    FREEZER REFRIGERATOR (1433 PENSACOLA ST) 2019-10-03 764 27 SL 7.000000000000 109 0    
    GAS WATER HEATER (1433 PENSACOLA ST) 2019-02-19 1,175 140 SL 7.000000000000 168 0    
    GAS WATER HEATER (1433 PENSACOLA ST) 2019-02-19 1,175 140 SL 7.000000000000 168 0    
    UNIT #1 RENOVATION (1433 PENSACOLA ST) 2019-10-01 24,000 182 SL 27.500000000000 873 0    
    UNIT #9 RENOVATION (1433 PENSACOLA ST) 2019-04-04 10,450 269 SL 27.500000000000 380 0    
    WATER HEATER (KOA ST) 2019-01-01 994 142 SL 7.000000000000 142 0    
    REF & STOVE (KOA ST) 2019-03-14 895 107 SL 7.000000000000 128 0    
    UNIT #3 RENOVATION (KOA ST) 2019-08-29 18,000 245 SL 27.500000000000 655 0    
    UNIT #4 RENOVATION (KOA ST) 2019-03-21 16,500 475 SL 27.500000000000 600 0    
    UNIT #8 RENOVATION (KOA ST) 2019-11-27 18,000 82 SL 27.500000000000 655 0    
    UNIT #9 RENOVATION (KOA ST) 2019-12-20 18,000 27 SL 27.500000000000 655 0    
    IPAD 2019-12-18 958   200DB 5.000000000000 0 0    
    IPAD 2019-12-18 748   200DB 5.000000000000 0 0    
    IPAD 2019-12-18 1,298   200DB 5.000000000000 0 0    
    IPAD 2019-12-18 1,499   200DB 5.000000000000 0 0    
    IPAD 2019-12-18 1,490   200DB 5.000000000000 0 0    
    IPAD 2019-12-18 934   200DB 5.000000000000 0 0    
    GAS RANGE (1433 PENSACOLA ST) 2020-09-10 727   SL 7.000000000000 35 0    
    BUILDING IMPROVEMENTS (1433 PENSACOLA ST) 2020-06-18 1,500   SL 27.500000000000 30 0    
    REFRIGERATOR (1433 PENSACOLA ST) 2020-04-01 1,762   SL 7.000000000000 189 0    
    UNIT #8 RENOVATION (1433 PENSACOLA ST) 2020-02-27 16,000   SL 27.500000000000 509 0    
    REFRIGERATOR (KOA ST) 2020-01-01 1,427   SL 7.000000000000 204 0    
    REFRIGERATOR (KOA ST) 2020-01-01 1,427   SL 7.000000000000 204 0    
    UNIT #5 RENOVATION (KOA ST) 2020-01-23 3,508   SL 27.500000000000 117 0    
    UNIT #2 RENOVATION (KOA ST) 2020-12-04 18,000   SL 27.500000000000 27 0    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    09258N224 BLACKROCK CHINA A OPPRT-INST AT COST 600,000 609,613
    32008F200 FIRST EAGLE OVERSEAS I AT COST 1,611,822 1,758,412
    4812A4351 JPMORGAN STRAT INC OPP-I AT COST 1,491,266 1,474,614
    921943809 VANGUARD DEVELOPED MARKETS INDEX FUND-ADM AT COST 812,856 923,176
    922031828 VANGUARD INTERMEDIATE TERM TREAS FD ADM AT COST 1,066,452 1,126,127
    922042841 VANGUARD EMERGING MKT STK INDEX FUND -ADM AT COST 867,494 1,385,297
    92206C821 VANGUARD L/T TRSRY INDX-ADM AT COST 1,000,000 965,858
    922908710 VANGUARD 500 INDEX FD ADM AT COST 2,003,799 3,888,988
    CHSTK2175 FORT GLOBAL OFFSHORE FD SPC-CLASS C AT COST 1,400,000 1,635,038
    LPTN04326 FERNBRIDGE CAPITAL ONSHORE FUND LP - CLASS D AT COST 800,000 800,000

    TY 2020 LandEtcSchedule2
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND (1433 PENSACOLA ST) 2,461,069 0 2,461,069 2,461,069
    BUILDING (1433 PENSACOLA ST) 742,217 82,095 660,122 660,122
    APPLIANCES (1433 PENSACOLA ST) 496 207 289 289
    ELECTRIC RANGE (1433 PENSACOLA ST) 850 293 557 557
    GAS RANGE (1433 PENSACOLA ST) 471 156 315 315
    LAND (KOA ST) 1,344,644 0 1,344,644 1,344,644
    BUILDING (KOA ST) 557,170 59,939 497,231 497,231
    BUILDING IMPROVEMENTS (KOA ST) 2,042 213 1,829 1,829
    BUILDING IMPROVEMENTS (KOA ST) 6,283 675 5,608 5,608
    BUILDING IMPROVEMENTS (KOA ST) 16,800 1,706 15,094 15,094
    BUILDING IMPROVEMENTS (KOA ST) 11,500 1,167 10,333 10,333
    BUILDING IMPROVEMENTS (KOA ST) 4,375 431 3,944 3,944
    BUILDING IMPROVEMENTS (KOA ST) 5,075 485 4,590 4,590
    WASHER & DRYER - 2 (KOA ST) 4,555 1,682 2,873 2,873
    REFRIGERATOR (KOA ST) 628 225 403 403
    ELECTRIC RANGE (KOA ST) 764 273 491 491
    ELECTRIC RANGE (KOA ST) 764 273 491 491
    HEATER (KOA ST) 463 154 309 309
    RANGE & WATER HEATER (KOA ST) 945 326 619 619
    APPLIANCES (KOA ST) 3,301 1,376 1,925 1,925
    BUILDING IMPROVEMENTS (KOA ST) 16,500 1,725 14,775 14,775
    BUILDING IMPROVEMENTS (KOA ST) 16,500 1,725 14,775 14,775
    BUILDING IMPROVEMENTS (KOA ST) 16,500 1,725 14,775 14,775
    BUILDING IMPROVEMENTS (KOA ST) 16,500 1,725 14,775 14,775
    BUILDING IMPROVEMENTS (KOA ST) 28,000 2,842 25,158 25,158
    BUILDING IMPROVEMENTS (KOA ST) 1,700 163 1,537 1,537
    FREEZER REFRIGERATOR (1433 PENSACOLA ST) 764 136 628 628
    GAS WATER HEATER (1433 PENSACOLA ST) 1,175 308 867 867
    GAS WATER HEATER (1433 PENSACOLA ST) 1,175 308 867 867
    UNIT #1 RENOVATION (1433 PENSACOLA ST) 24,000 1,055 22,945 22,945
    UNIT #9 RENOVATION (1433 PENSACOLA ST) 10,450 649 9,801 9,801
    WATER HEATER (KOA ST) 994 284 710 710
    REF & STOVE (KOA ST) 895 235 660 660
    UNIT #3 RENOVATION (KOA ST) 18,000 900 17,100 17,100
    UNIT #4 RENOVATION (KOA ST) 16,500 1,075 15,425 15,425
    UNIT #8 RENOVATION (KOA ST) 18,000 737 17,263 17,263
    UNIT #9 RENOVATION (KOA ST) 18,000 682 17,318 17,318
    IPAD 958 958 0 0
    IPAD 748 748 0 0
    IPAD 1,298 1,298 0 0
    IPAD 1,499 1,499 0 0
    IPAD 1,490 1,490 0 0
    IPAD 934 934 0 0
    GAS RANGE (1433 PENSACOLA ST) 727 35 692 692
    BUILDING IMPROVEMENTS (1433 PENSACOLA ST) 1,500 30 1,470 1,470
    REFRIGERATOR (1433 PENSACOLA ST) 1,762 189 1,573 1,573
    UNIT #8 RENOVATION (1433 PENSACOLA ST) 16,000 509 15,491 15,491
    REFRIGERATOR (KOA ST) 1,427 204 1,223 1,223
    REFRIGERATOR (KOA ST) 1,427 204 1,223 1,223
    UNIT #5 RENOVATION (KOA ST) 3,508 117 3,391 3,391
    UNIT #2 RENOVATION (KOA ST) 18,000 27 17,973 17,973


    TY 2020 LegalFeesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY FEES 15,709 0   15,709


    TY 2020 OtherAssetsSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    1607 CAPITAL DOMESTIC EQUITY FD, LP 1,882,402 1,117,873 2,207,978
    1607 CAPITAL INTERNATIONAL EQUITY FUND, LP 1,826,322 834,437 567,702
    JOHNSTON INTERNATIONAL EQUITY FUND II LP 1,711,298 1,601,092 2,243,453
    D.E. SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION FUND LLC 5,445,094 3,831,805 3,624,578
    AVIVA INVESTORS MULTI-STRATEGY TARGET RETURN 1,018,935 1,006,270 1,082,794
    ARROWSTREET CAPITAL DAVIDSON CAPITAL   2,203,042 2,568,952
    DAVIDSON KEMPNER   1,029,264 1,000,000
    RECEIVABLE FROM KOA PROPERTY MANAGEMENT   163 163


    TY 2020 OtherExpensesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CLOSELY HELD FEE 900 900   0
    TRANSACTION FEES 240 0   240
    GRANTS ADMIN FEE 16,583 0   16,583
    INVESTMENT FEES 135,000 135,000   0
    FEES/LICENSES 6 0   6
    INSURANCE PREMIUM 3,787 0   3,787
    OFFICE EXPENSES 4,444 0   4,444
    INSURANCE (PENSACOLA) 6,157 6,157   0
    MANAGEMENT FEE (PENSACOLA) 17,985 17,985   0
    PROPERTY EXPENSES (PENSACOLA) 29,828 29,828   0
    REPAIRS AND MAINTENANCE (PENSACOLA) 137 137   0
    HI GENERAL EXCISE TAX (PENSACOLA) 2,973 2,973   0
    MANAGEMENT FEE (KOA) 17,038 17,038   0
    PROPERTY EXPENSES (KOA) 31,419 31,419   0
    INSURANCE (KOA) 5,991 5,991   0
    HI GENERAL EXCISE TAX (KOA) 2,810 2,810   0
    REPAIRS AND MAINTENANCE (KOA) 1,885 1,885   0


    TY 2020 OtherIncomeSchedule2
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    1607 CAPITAL INTERNATIONAL EQUITY F UND, LP 335,471 335,471 335,471
    1607 CAPITAL DOMESTIC EQUITY F UND, LP 8,115 8,115 8,115
    JOHNSTON INTERNATIONAL EQUITY FUND II LP 89,794 89,794 89,794
    D.E. SHAW ALL COUNTRY GLOBAL ALPHA EXTENSION FUND LLC 86,711 86,711 86,711
    AVIVA INVESTORS MULTI-STRATEGY TARGET RETURN -12,665 -12,665 -12,665
    ARROWSTREET CAPITAL GLOBAL ALL COUNTRY ALPHA ENTENSION FUND 203,042 203,042 203,042
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP 29,264 29,264 29,264
    GURANTEE PAYMENT FROM D. E. SHAW 55 55 55


    TY 2020 OtherIncreasesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Description Amount
    RETURNED GRANTS 1,000
    K-1 ADJUSTMENT FROM TAKITANI TRUST 121,420


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEE 49,906 29,917   19,962
    PROFESSIONAL SERVICE FEES 78,375 0   78,375


    TY 2020 TaxesSchedule
    Name:
    MAMORU & AIKO TAKITANI FOUNDATION INC
    EIN:
    51-0212114
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 37,000 0   0
    PROPERTY TAXES (PENSACOLA) 7,380 7,380   0
    PROPERTY TAXES (KOA) 5,123 5,123   0