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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
KAENA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)50 SOUTH SIXTH STREET 1500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
A Employer identification number

46-2692867
B Telephone number (see instructions)

(612) 492-6813
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$145,577,296J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,455,707 1,942,926  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,862,012
b Gross sales price for all assets on line 6a 59,832,974
7 Capital gain net income (from Part IV, line 2)... 8,229,406
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 0 4,221,736  
12 Total. Add lines 1 through 11........ 8,317,719 14,394,068  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,333 31,667   31,666
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 42,307 21,153   21,153
b Accounting fees (attach schedule)....... Click to see attachment 48,997 33,677   5,647
c Other professional fees (attach schedule).... Click to see attachment 1,033,686 564,904   468,781
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 139,813 5,624   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,165 371,240   1,001
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,337,301 1,028,265   528,248
25 Contributions, gifts, grants paid....... 5,700,000 5,700,000
26 Total expenses and disbursements. Add lines 24 and 25 7,037,301 1,028,265   6,228,248
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,280,418
b Net investment income (if negative, enter -0-) 13,365,803
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 143,939 176,856 176,856
2 Savings and temporary cash investments......... 3,962,619 4,882,637 4,882,637
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) 5,333,413 Click to see attachment6,072,659 5,951,833
b Investments—corporate stock (attach schedule)....... 10,357,195 Click to see attachment12,183,952 15,063,815
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).......... 95,487,621 Click to see attachment93,249,101 119,502,155
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) 115,284,787 116,565,205 145,577,296
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 115,284,787 116,565,205
29 Total net assets or fund balances (see instructions)..... 115,284,787 116,565,205
30 Total liabilities and net assets/fund balances (see instructions). 115,284,787 116,565,205
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
115,284,787
2
Enter amount from Part I, line 27a .....................
2
1,280,418
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
116,565,205
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
116,565,205
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P 2021-01-01 2021-12-31
b CAPITAL GAIN DISTRIB. FROM PUBLICLY TRADED SEC. P 2021-01-01 2021-12-31
c CAPITAL GAIN FROM FOREIGN CORPORATION P 2021-01-01 2021-12-31
d CAPITAL GAINS FROM SCH K-1'S P 2021-01-01 2021-12-31
e CAPITAL LOSS FROM FOREIGN CORPORATION TERMINATION P 2021-01-01 2021-12-31
(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 56,053,853   50,094,872 5,958,981
b 511,547     511,547
c 193,640     193,640
d 3,073,934     3,073,934
e       -1,508,696
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       5,958,981
b       511,547
c       193,640
d       3,073,934
e       -1,508,696
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 8,229,406
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 185,785
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- ..... 5 185,785
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 160,735
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.............. 7 160,735
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 25,050
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSONNY MILLER Telephone no.bullet (612) 492-6813

    Located atbullet50 SOUTH SIXTH STREET STE 1500MINNEAPOLISMN ZIP+4bullet55402
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
    No
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    JEFFREY WESTON VICE PRESIDENT (AS OF 5/31/21)
    1.00     		16,667 0 0
    1957 CARSON STREET SUITE 102
    TORRANCE,CA90501
    JOHN OTTERLEI PRESIDENT/TREASURER (RESIGNED 5/31/21)
    1.00     		5,000 0 0
    101 FIFTH EAST STREET SUITE 2400
    SAINT PAUL,MN55101
    MICHELLE GALDOS CO DORSEY WHITNEY VICE PRESIDENT (AS OF 5/31/21)
    1.00     		16,667 0 0
    50 SOUTH SIXTH STREET SUITE 1500
    MINNEAPOLIS,MN55402
    SONNY MILLER PRES/TREAS/SECRETARY (AS OF 5/31/21)
    1.00     		25,000 0 0
    50 SOUTH SIXTH STREET SUITE 1500
    MINNEAPOLIS,MN55402
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    CAMBRIDGE ASSOCIATES INVESTMENT ADVISORY SERVICES 422,112
    125 HIGH STREET OLIVER TOWER
    BOSTON,MA02110
    ARABELLA ADVISORS LLC PHILANTHROPIC ADVISORY SERVICES 248,831
    1828 L ST NW SUITE 300
    WASHINGTON,DC20036
    POWERED BY SHAKTI LLC PHILANTHROPIC ADVISORY SERVICES 219,950
    1021 CRITTENDEN STREET NE
    WASHINGTON,DC20017
    US BANK FINANCIAL SERVICES 99,289
    1555 N RIVERCENTER DR SUITE 300
    MILWAUKEE,WI53212
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    78,306,513
    b
    Average of monthly cash balances.......................
    1b
    3,003,507
    c
    Fair market value of all other assets (see instructions)................
    1c
    59,802,621
    d
    Total (add lines 1a, b, and c).........................
    1d
    141,112,641
    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
    141,112,641
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,116,690
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    138,995,951
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,949,798
    Part X
    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 IX, line 6..................
    1
    6,949,798
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    185,785
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    185,785
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,764,013
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,764,013
    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 XII, line 1 ...
    7
    6,764,013
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 6,764,013
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 5,619,983
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,228,248
    a Applied to 2020, but not more than line 2a 5,619,983
    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 2021 distributable amount..... 608,265
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		6,155,748
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    FIDELITY CHARITABLE GIFT FUND
    PO BOX 770001
    CINCINNATI,OH452770053     		N/A PC GENERAL OPERATIONS 5,700,000
    Total .................................bullet 3a 5,700,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,862,012  
    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 8,317,719 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,317,719
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 48,997 33,677   5,647

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALIGN TECHNOLOGY INC 46,187 172,839
    ALTERYX INC 257,352 129,410
    COSTAR GROUP INC 56,195 108,271
    INTERACTIVE BROKERS GROUP CI A 161,509 205,858
    PEGASYSTEMS INC 237,988 341,498
    REDFIN CORP 392,110 272,185
    SQUARE INC A 123,116 362,105
    WAYFAIR INC 178,056 309,461
    WORKDAY INC 174,137 354,314
    AMN 30,732 61,165
    AMERISAFE INC 46,877 41,718
    ARES CAPITAL CORP 40,278 64,312
    ELEMENT SOLUTIONS INC 56,623 132,326
    ENERSYS 90,313 122,938
    EVOQUA WATER TECHNOLOGIES CO 60,655 178,351
    FIRSTCASH HLDFS INC 93,882 103,612
    FRONTDOOR INC 78,619 82,829
    GARRETT MOTION INC 60,277 59,663
    HOWARD HUGHES CORP 48,134 95,164
    KEMPER CORP 76,891 70,548
    K FORCE INC 123,610 151,944
    MSC INDL 61,009 87,002
    MARRIOTT VACATIONS WORLD 45,476 100,543
    NV5 GLOBAL INC 30,629 94,612
    RUSH ENTERPRISES INC 49,508 112,226
    TEGNA INC 83,012 135,674
    THERMON GROUP HOLDINGS INC 53,868 60,186
    TREEHOUSE FOODS INC 93,124 85,721
    UNIFIRST CORP MASS 48,284 63,120
    UPLAND SOFTWARE INC 131,567 77,591
    VERTIV HOLDINGS LLC L P 83,941 194,891
    VIASAT INC 91,815 102,219
    WESCO INTERNATIONAL INC 64,379 232,914
    ZEBRA TECHNOLOGIES CORP CL A 105,442 267,840
    ALIBABA GROUP HLDG LTD SPONSORED ADR 173,016 84,697
    ALPHABET INC. CAP STK CL C 196,123 454,294
    ASHTEAD GROUP PLC SHS 47,183 73,225
    BERKSHIRE HATHAWAY INC DEL CL A 283,873 450,662
    BERKSHIRE HATHWAY INC DEL CL B NEW 167,884 264,017
    BROWN FORMAN CORP CL A 73,433 100,668
    BROWN FORMAN CORP CL B 3,701 5,683
    CABLE ONE INC COM 66,847 58,194
    CIE FINANCIERE RICHEMONT AG ZUG NAMEN AKT 208,394 380,483
    COMCAST CORP CL A 82,968 115,004
    HEINEKIN HLDG NV SHS 308,916 300,911
    JP MORGAN CHASE & CO COM 101,563 178,777
    MARTIN MARIETTA MATLS INC COM 106,005 187,662
    MASTERCARD INC. CL A COM 232,152 422,920
    NESTLE SA SPONSORED ADR REPSTG REG SHS 275,767 496,910
    PERNOD RICARD ORD SHS 215,950 320,101
    PHILIP MORRIS INTL INC COM 240,919 287,090
    UNILEVER NV NEW YORK SHS NEW 202,997 199,238
    COGNYTE SOFTWARE LTD ORD SHS 105,851 64,247
    ONESPAWORLD HOLDINGS LTD 56,999 101,553
    AT T INC 92,486 90,039
    ABBOTT LABORATORIES 87,581 82,877
    ABBVIE INC 117,685 117,611
    ALEXANDRIA REAL 54,344 54,053
    AMERICAN ELEC PWR 95,849 92,895
    AMERICAN EXPRESS CO 68,564 67,155
    AMERICAN HONDA MTN 104,255 104,588
    AMERICAN TOWER CORP 37,413 36,643
    AMERICAN TOWER CORP 11,021 10,887
    AMGEN INC 95,842 92,125
    ANHEUSER BUSCH 89,347 87,296
    ANTHEM INC 87,519 83,157
    AON CORP SR NT 97,502 92,752
    BANK OF AMERICA MTN 167,149 159,723
    BANK OF NY MTN 137,346 133,332
    BOSTON PROPERTIES 43,358 41,833
    CVS HEALTH CORP 92,086 89,775
    CARRIER GLOBAL 38,315 37,887
    CITIGROUP INC 148,326 143,364
    COMCAST CORP 178,730 171,888
    JOHN DEERE MTN 148,666 141,660
    WALT DISNEY COMPANY 177,800 174,074
    EQUINIX INC 47,024 47,299
    EVERSOURCE ENERGY 108,959 102,847
    GENERAL MILLS 92,682 88,941
    GOLDMAN SACHS 92,345 89,610
    HOME DEPOT INC 166,784 159,800
    JPMORGAN CHASE CO 180,290 174,856
    KEURIG DR PEPPER 117,085 113,322
    LINCOLN NATIONAL 32,600 31,196
    LOCKHEED MARTIN CORP 96,472 92,013
    LOWE S COS INC 105,214 104,147
    MASTERCARD 132,274 126,506
    MICROSOFT CORP 177,538 171,735
    MORGAN STANLEY MTN 88,426 85,196
    NIKE INC ST 177,523 170,820
    NORTHROP GRUMMAN 119,030 117,724
    PAYPAL HOLDINGS INC 46,663 45,635
    PROLOGIS L P 98,232 92,997
    PRUDENTIAL MTN 77,525 75,035
    SEMPRA ENERGY 114,164 111,775
    SIMON PROPERTY GROUP 87,912 86,512
    STARBUCKS CORP 43,778 43,261
    TARGET CORP 69,467 66,985
    UNITEDHEALTH GROUP 136,367 130,111
    VERIZON 87,475 83,365
    BANK OF NOVA 133,858 131,505
    CANADIAN PAC RY CO 45,171 45,162
    ENBRIDGE INC. 56,367 54,954
    MITSUBISHI UFJ FIN 158,366 154,437
    SCHLUMBERGER INV 117,986 114,893
    SHELL INTERNATIONAL 131,990 127,710
    STATOIL ASA 133,235 128,870
    SUMITOMO MITSUI MTN 54,179 52,548
    TORONTO DOMINION MTN. 159,651 155,048

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    US Government Securities - End of Year Book Value:

    3,774,148
    US Government Securities - End of Year Fair Market Value:

    3,659,912
    State & Local Government Securities - End of Year Book Value:


    2,298,511
    State & Local Government Securities - End of Year Fair Market Value:


    2,291,921


    TY 2021 InvestmentsOtherSchedule2
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GQG PARTNERS AT COST 2,061,952 3,027,630
    ARTISAN INTL VALUE FUNDS INC AT COST 2,357,745 3,606,382
    DFA EMERGING MARKETS VALUE AT COST 4,975,830 5,188,465
    GMO CLIMATE CHANGE II AT COST 2,266,108 3,126,908
    ISHARES CORE MSCI EMERGING MKTS ETF AT COST 2,706,867 3,035,201
    LONGLEAF PARTNERS FUND AT COST 1,463,246 1,714,492
    TWEEDY BROWNE GLOBAL VALUE II CCY AT COST 4,145,561 4,652,439
    VANGUARD FTSE DEVELOPED ETF AT COST 4,547,899 5,346,288
    VANGUARD TOTAL WORLD STOCK INDEX ETF AT COST 2,982,955 3,201,629
    VANGUARD S P 500 ETF AT COST 15,574,763 19,515,552
    VANGUARD REAL ESTATE ETF AT COST 161,227 245,129
    ISHARES CORE U.S. AGGREGATE BOND ETF AT COST 5,653,912 5,553,300
    VANGUARD TOTAL BOND MARKET INDEX ADM AT COST 3 3
    FPA CRESENT PORTFOLIO CL L AT COST 1,372,453 1,480,559
    AETOS CAPITAL OPP. FUND CAYMAN LP AT COST 2,000,000 2,774,364
    ARROWSTREET GLOBAL EQ ACWI TR AT COST 2,046,600 3,126,011
    CANYON BALANCED FUND (CAYMAN) AT COST 600,061 705,785
    CEVIAN CAPITAL II LTD. AT COST 2,750,000 3,713,464
    DAVIDSON KEMPNER INSTITUTIONAL PARNTERS AT COST 1,600,000 2,126,738
    DORSAL CAPITAL PARTNERS, LTD. AT COST 1,200,000 1,248,203
    GLOBAL RESEARCH EQ. EXTENDED FUND LP AT COST 2,800,000 3,349,030
    GOLDENTREE SELECT OFFSHORE LTD. AT COST 1,344,121 1,974,440
    GRAHAM GLOBAL INVESTMENT FUND II AT COST 993,733 1,194,772
    GREEN COURT CHINA OPPORTUNITY FUND AT COST 1,400,000 1,459,220
    HARVEST MLP INCOME FUND III LLC AT COST 1,947,000 2,559,639
    HBK MULTI-STRATEGY OFFSHORE FUND LTD. AT COST 1,605,271 1,969,967
    HUDSON BAY INTERNATIONAL FUND LTD. AT COST 2,000,000 2,269,894
    HULL STREET ENERGY PARTNERS I-A, LP AT COST 570,048 676,689
    IMPACT AMERICA FUND II AT COST 286,800 267,167
    INCLUSIVE CAP PARTNERS SPRING INTL (PREV NAMED VALUEACT) AT COST 1,106,134 1,867,905
    INDABA CAPITAL PARTNERS AT COST 700,000 1,419,795
    KINGSTOWN PARTNERS OFFSHORE LIMITED AT COST 306,155 306,155
    MAKAIRA INVESTORS AT COST 1,300,000 3,302,476
    MAVERICK LONG LTD. AT COST 1,843,065 3,071,628
    NITORUM OFFSHORE FUND, LTD. AT COST 1,200,000 1,194,209
    NOKOTA CAPITAL HOLDBACK AT COST 90,437 90,437
    NOKOTA LCB, LLC (NOKOTA LC, LLC) AT COST 90,454 110,082
    OBVIOUS VENTURES III, L.P. AT COST 396,000 582,690
    OWNERSHIP CAP. GLOBAL EQ AT COST 1,900,000 3,247,592
    PALATINE REAL ESTATE FUND III, LP AT COST 519,138 640,345
    RENAISSANCE INSTITUTIONAL EQUITIES AT COST 1,100,000 1,242,086
    RETHINK IMPACT II, LP AT COST 178,582 156,969
    RRG GLOBAL PARTNERS FUND, L.P. AT COST 640,099 825,517
    STEWART INVESTORS GLOBAL EMER MRKTS AT COST 2,182,120 3,126,967
    SUSTAINABLE ASSET FUND II (CAYMAN) AT COST 427,261 583,294
    TELEGRAPH HILL PARTNERS IV LP AT COST 605,500 1,563,623
    TYBOURNE EQUITY (OFFSHORE) FUND AT COST 1,400,000 1,387,738
    V3 REALTY PARTNERS (A), L.P. AT COST 1,600,000 2,301,877
    VALINOR CAPITAL PARTNERS OFFSHORE AT COST 84,790 89,948
    VARDE CREDIT PATNERS OFFSHORE AT COST 993,475 1,161,171
    W CAPITAL PARTNERS IV-A, L.P. AT COST 205,317 670,421
    WHALE ROCK FLAGSHIP FUND LTD. AT COST 966,419 1,444,313
    COMPAGNIE FINANCIERE RICHEMONT SA WARRANT AT COST 0 5,557

    TY 2021 LegalFeesSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 42,307 21,153   21,153


    TY 2021 OtherExpensesSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES 1,951 976   976
    MINNESOTA FILING FEE 25 0   25
    INSURANCE 7,189 7,189   0
    OTHER EXPENSES FROM SCHEDULE K-1'S 0 363,075   0


    TY 2021 OtherIncomeSchedule2
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM SCHEDULE K-1'S   413,701  
    DIVIDENDS FROM FOREIGN CORPORATIONS 0 3,808,035 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARABELLA ADVISORS 248,831 0   248,831
    PERSHING INVESTMENT EXPENSES 43,503 43,503   0
    BANK FEES 99,289 99,288   0
    INVESTMENT ADVISORY FEES 422,113 422,113   0
    POWERED BY SHAKTI, LLC 219,950 0   219,950


    TY 2021 TaxesSchedule
    Name:
    KAENA FOUNDATION
    EIN:
    46-2692867
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 134,500 0   0
    PERSHING FOREIGN TAXES PAID 5,313 5,624   0