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
CHARLES & MITCH OTA FOUNDATION
C/O BANK OF HAWAII
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968023170
A Employer identification number

46-3255584
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$19,457,948J 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 404 404  
4 Dividends and interest from securities... 272,185 269,437  
5a Gross rents............ 458,413 458,413  
b Net rental income or (loss) 409,279
6a Net gain or (loss) from sale of assets not on line 10 169,368
b Gross sales price for all assets on line 6a 1,631,687
7 Capital gain net income (from Part IV, line 2)... 169,368
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 9,458 0  
12 Total. Add lines 1 through 11........ 909,828 897,622  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 9,281 0   9,281
b Accounting fees (attach schedule)....... Click to see attachment 8,760 3,581   5,179
c Other professional fees (attach schedule).... Click to see attachment 89,511 62,658   26,853
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 61,400 47,738   2,500
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 2,400 0   2,400
23 Other expenses (attach schedule)....... Click to see attachment 68,244 10,542   57,702
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 239,596 124,519   103,915
25 Contributions, gifts, grants paid....... 903,000 903,000
26 Total expenses and disbursements. Add lines 24 and 25 1,142,596 124,519   1,006,915
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -232,768
b Net investment income (if negative, enter -0-) 773,103
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............. 4,159 47,350 47,350
2 Savings and temporary cash investments......... 298,721 375,169 375,169
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet4,790,000
Less: accumulated depreciation (attach schedule) bullet   4,790,000 4,790,000 4,790,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,570,645 Click to see attachment10,217,999 14,245,429
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) 15,663,525 15,430,518 19,457,948
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........ 15,663,525 15,430,518
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)..... 15,663,525 15,430,518
30 Total liabilities and net assets/fund balances (see instructions). 15,663,525 15,430,518
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
15,663,525
2
Enter amount from Part I, line 27a .....................
2
-232,768
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
135
4
Add lines 1, 2, and 3 ..........................
4
15,430,892
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
374
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,430,518
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 PUBLICLY TRADED SECURITIES P 2020-12-31 2021-12-31
c PUBLICLY TRADED SECURITIES P 2021-01-01 2021-12-31
d PUBLICLY TRADED SECURITIES P 2020-12-31 2021-12-31
e CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 593,535   509,846 83,689
b 721,959   653,606 68,353
c 304,627   289,819 14,808
d 11,553   9,048 2,505
e 13     13
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       83,689
b       68,353
c       14,808
d       2,505
e       13
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 2 169,368
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 10,746
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 10,746
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,162
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,200
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,362
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 171
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 1,445
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,445 RefundedBullet 11 0
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
 
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 XIV..................................
    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 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 instructions.................
    12
     
    No
    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 ofbulletBANK OF HAWAII Telephone no.bullet (808) 694-4525

    Located atbulletPO BOX 3170HONOLULUHI ZIP+4bullet968023170
    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)
     
    No
    (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
     
     
    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
     
    No
    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
     
     
    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)
    Yes
     
    (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
     
    No
    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
    RYAN ODANAKA PRESIDENT
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    DOREEN L MIZUKI SECRETARY & TREASURER
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    LESLIE T OKAMURA VP, DIRECTOR
    0.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    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
    NONE
    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
    13,865,490
    b
    Average of monthly cash balances.......................
    1b
    369,587
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,790,001
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,025,078
    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
    19,025,078
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    285,376
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    18,739,702
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    936,985
    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
    936,985
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,746
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,746
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    926,239
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    926,239
    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
    926,239
    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 7 926,239
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 718,643
    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$ 1,006,915
    a Applied to 2020, but not more than line 2a 718,643
    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..... 288,272
    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 ..........     		637,967
    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 e-mail address of the person to whom applications should be addressed:
    INGER TULLY
    P O BOX 1370
    HONOLULU,HI96802
    (808) 242-6184
    ITULLY@HCF-HAWAII.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    BY INVITATION ONLY.
    cAny submission deadlines:
    MAY 1, SEPTEMBER 1, DECEMBER 1, OR FEBRUARY 1.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TO SUPPORT AVID PROGRAMS AT MAUI INTERMEDIATE AND HIGH SCHOOLS.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    INGER TULLY
    P O BOX 1370
    HONOLULU,HI96802
    (808) 242-6184
    ITULLY@HCF-HAWAII.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    ONLINE APPLICATION VIA HAWAII COMMUNITY FOUNDATION
    cAny submission deadlines:
    JANUARY 31.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TO ATTEND A COLLEGE OR UNIVERSITY.
    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
    FRIENDS OF MAUI WAENA INTERMEDIATE SCHOOL
    795 ONEHEE AVENUE
    KAHULUI,HI967321757     		NONE PC AVID PROGRAMS 10,000
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET
    HONOLULU,HI968134317     		NONE PC $85,000 TO CHARLES & MITCH OTA FOUNDATION FUND, $100,000 TO STRONGER TOGETHER SCHOLARSHIP FUND 185,000
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET
    HONOLULU,HI968134317     		NONE PC CHARLES & MITCH OTA FOUNDATION FUND 40,000
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET
    HONOLULU,HI968134317     		NONE PC CHARLES & MITCH OTA FOUNDATION FUND 130,000
    HAWAII COMMUNITY FOUNDATION
    827 FORT STREET
    HONOLULU,HI96813     		NONE PC TO CHARLES AND MITCH OTA FOUNDATION FUND 285,000
    HP BALDWIN HIGH SCHOOL FOUNDATION
    POST OFFICE BOX 38
    KAHULUI,HI967336538     		NONE PC AVID PROGRAMS 20,000
    MAUI HIGH SCHOOL FOUNDATION
    660 LONO AVENUE
    KAHULUI,HI967322530     		NONE PC AVID PROGRAMS 20,000
    MAUI UNITED WAY
    95 MAHALANI ST SUITE 24
    WAILUKU,HI96793     		NONE PC $20,000 TO KING KEKAULIKE HIGH AND $10,000 TO LOKELANI INTERMEDIATE AVID PROGRAMS,10% ADMIN FEE 33,000
    CALIFORNIA STATE UNIVERSITY - FULLE
    PO BOX 6804 UH 146
    FULLERTON,CA928346804     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    GRAND CANYON UNIVERSITY FBO AYVIN-J
    3300 W CAMELBACK RD
    PHOENIX,AZ85017     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    GRAND CANYON UNIVERSITY FBO SHANIA
    3300 W CAMELBACK RD
    PHOENIX,AZ85017     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    NORTHEASTERN JUNIOR COLLEGE FBO ALE
    100 COLLEGE AVENUE
    STERLING,CO80751     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    OREGON STATE UNIVERSITY FBO TY OTAN
    218 KERR ADMINISTRATION BUILDING
    CORVALLIS,OR97331     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    UNIVERSITY OF HAWAII - MANOA FBO JA
    2600 CAMPUS ROAD QLCSS 11
    HONOLULU,HI96822     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    UNIVERSITY OF HAWAII - MANOA FBO WE
    2600 CAMPUS ROAD QLCSS 11
    HONOLULU,HI96822     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    UNIVERSITY OF NEVADA - RENO FBO KAY
    1644 N VIRGINIA STREET
    RENO,NV895570076     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    WESTERN OREGON UNIVERSITY FBO ANA-M
    345 NORTH MONMOUTH AVE
    MONMOUTH,OR973611394     		NONE INDIVIDUAL SCHOLARSHIP 2021-22 FALL/SPRING OTA FOUNDATION 20,000
    Total .................................bullet 3a 903,000
    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 ...........     		    14 404  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 409,279  
    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 ............     		    18 169,368  
    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) .. 0 860,694 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    860,694
    (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:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,399 2,220   5,179
    BOH GE TAX PREP FEES 1,361 1,361   0

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00828EDC0 AFRICAN DEVELOPMENT BANK SR UNSECURED 3% 09/20/2023 AT COST 24,953 25,964
    02665WDD0 AMERICAN HONDA FINANCE SR UNSECURED 2.15% 09/10/2024 AT COST 10,124 10,250
    037833AK6 APPLE INC SR UNSECURED 2.4% 05/03/2023 AT COST 19,275 20,479
    037833CX6 APPLE INC SR UNSECURED 3% 06/20/2027-2027 AT COST 27,609 26,801
    064159VK9 BANK OF NOVA SCOTIA SR UNSECURED 1.625% 05/01/2023 AT COST 51,392 50,566
    084670BS6 BERKSHIRE HATHAWAY INC SR UNSECURED 3.125% 03/15/2026-2025 AT COST 9,663 10,708
    09247XAQ4 BLACKROCK INC SR UNSECURED 2.4% 04/30/2030-2030 AT COST 10,025 10,301
    099724AL0 BORGWARNER INC SR UNSECURED 2.65% 07/01/2027-2027 AT COST 4,986 5,169
    291011BP8 EMERSON ELECTRIC CO SR UNSECURED .875% 10/15/2026-2026 AT COST 4,986 4,866
    29364WAV0 ENTERGY LOUISIANA LLC SECURED 4.95% 01/15/2045-2025 AT COST 15,391 16,126
    29364WBF4 ENTERGY LOUISIANA LLC 1ST LIEN .62% 11/17/2023-2021 AT COST 14,997 14,880
    29365TAD6 ENTERGY TEXAS INC SECURED 5.15% 06/01/2045-2025 AT COST 15,274 16,157
    3130AERV4 FEDERAL HOME LOAN BANK UNSECURED 3.125% 09/12/2025 AT COST 99,534 107,220
    3130AGFP5 FEDERAL HOME LOAN BANK UNSECURED 2.5% 06/12/2026 AT COST 25,531 26,383
    313383WD9 FEDERAL HOME LOAN BANK UNSECURED 3.125% 09/09/2022 AT COST 125,640 127,434
    3133EJ2D0 FEDERAL FARM CREDIT BANK UNSECURED 3.43% 12/06/2028 AT COST 46,469 50,688
    3133EKEA0 FEDERAL FARM CREDIT BANK UNSECURED 3.27% 03/22/2029-2022 AT COST 50,025 50,318
    3133ELLH5 FEDERAL FARM CREDIT BANK UNSECURED 2.46% 02/05/2035-2025 AT COST 53,150 50,705
    3133ELXP4 FEDERAL FARM CREDIT BANK UNSECURED 1.68% 04/29/2030-2021 AT COST 24,950 24,569
    3133EM4S8 FEDERAL FARM CREDIT BANK UNSECURED .87% 09/08/2026-2022 AT COST 134,831 131,971
    3133EMV90 FEDERAL FARM CREDIT BANK UNSECURED 1.84% 10/27/2031-2021 AT COST 49,550 49,341
    361448BF9 GATX CORP SR UNSECURED 4% 06/30/2030-2030 AT COST 4,989 5,572
    38141EC23 GOLDMAN SACHS GROUP INC SR UNSECURED 3.85% 07/08/2024-2024 AT COST 8,795 9,514
    41978CBJ3 HAWAII ST ARPTS TXBL-REF-SER-A 2.97% 07/01/2039-2029 AT COST 20,000 20,376
    419792C38 HAWAII ST TXBL-SER GD 2.642% 10/01/2036-2031 AT COST 25,000 25,635
    419792ZA7 HAWAII ST TXBL-SER FZ 2.065% 08/01/2035-2030 AT COST 25,000 24,301
    419792ZL3 HAWAII ST TXBL-SER GB .852% 10/01/2025-2020 AT COST 15,000 14,749
    419794F80 HAWAII STATE ARPTS SYS REV TXBL-REF-SER E 2.13% 07/01/2028 AT COST 20,000 20,154
    42824CBK4 HEWLETT PACKARD ENTERPRISE CO. SR UNSECURED 1.75% 04/01/2026 AT COST 20,247 19,986
    438687PY5 HONOLULU CITY & CNTY HI TXBL-SER E 2.17% 07/01/2035-2030 AT COST 5,000 4,901
    438687QG3 HONOLULU CITY & CNTY HI TXBL-SER E 2.67% 07/01/2043-2030 AT COST 10,241 9,681
    438689LW9 HONOLULU HAWAII CITY & CNTY BRD OF WTR SPLY WTR SYS REVENUE TXBL- AT COST 5,000 5,108
    438689NC1 HONOLULU HAWAII CITY & CNTY BRD OF WTR SPLY WTR SYS REV TXBL-REF- AT COST 20,000 20,157
    438701Y40 HONOLULU CITY & CNTY HI HI WSTWTR SYS REVENUE TXBL REF SECOND BON AT COST 20,000 20,924
    457187AC6 INGREDION INC SR UNSECURED 2.9% 06/01/2030-2030 AT COST 4,990 5,151
    458140BH2 INTEL CORP SR UNSECURED 2.45% 11/15/2029-2029 AT COST 15,319 15,532
    45866FAD6 INTERCONTINENTAL EXCHANGE SR UNSECURED 3.75% 12/01/2025-2025 AT COST 6,013 6,481
    459058JF1 INTL BK RECON & DEV UNSECURED FLOAT 1.7869% 08/19/2027 AT COST 30,000 30,322
    461070AR5 INTERSTATE POWER & LIGHT SR UNSECURED 3.5% 09/30/2049-2049 AT COST 26,502 26,890
    46132FAB6 INVESCO FINANCE PLC SR UNSECURED 4% 01/30/2024 AT COST 19,828 21,120
    46647PCK0 JPMORGAN CHASE & CO SR UNSECURED VAR RT .969% 06/23/2025-2024 AT COST 25,065 24,762
    478160CR3 JOHNSON & JOHNSON SR UNSECURED 2.1% 09/01/2040-2040 AT COST 14,900 14,232
    48305QAC7 KAISER FOUNDATION HOSPITAL SR UNSECURED 3.15% 05/01/2027-2027 AT COST 19,018 21,301
    534187BA6 LINCOLN NATL CORP SR UNSECURED 7% 06/15/2040 AT COST 12,673 15,282
    594918AW4 MICROSOFT CORP SR UNSECURED 3.625% 12/15/2023 AT COST 15,137 15,791
    595620AN5 MIDAMERICAN ENERGY CO SECURED 4.4% 10/15/2044-2044 AT COST 23,167 24,532
    637432NP6 NATIONAL RURAL UTILITIES SECURED 3.4% 02/07/2028-2027 AT COST 25,808 26,981
    665859AU8 NORTHERN TRUST CORP SR UNSECURED 3.15% 05/03/2029-2029 AT COST 15,000 16,161
    67077MAV0 NUTRIEN LTD SR UNSECURED 1.9% 05/13/2023 AT COST 4,996 5,064
    6903534J3 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.2% 09/15/2025-201 AT COST 19,737 19,737
    6903534U8 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 2.66% 09/15/2026-20 AT COST 57,000 57,000
    695114CL0 PACIFICORP SECURED 6% 01/15/2039 AT COST 14,753 13,717
    717081EP4 PFIZER INC SR UNSECURED 3.6% 09/15/2028-2028 AT COST 21,177 22,268
    742651DW9 PRIVATE EXPORT FUNDING SECURED 3.25% 06/15/2025 AT COST 8,020 8,474
    74456QBZ8 PUB SVC ELEC & GAS SECURED 3.85% 05/01/2049-2048 AT COST 11,475 11,718
    75513EAD3 RAYTHEON TECHNOLOGIES CORP SR UNSECURED 2.25% 07/01/2030-2030 AT COST 4,994 4,991
    78016EZT7 ROYAL BANK OF CANADA SR UNSECURED 1.15% 07/14/2026 AT COST 10,021 9,787
    78355HKF5 RYDER SYSTEM INC SR UNSECURED 2.5% 09/01/2022-2022 AT COST 10,131 10,109
    857477BF9 STATE STREET CORP SUBORDINATED 3.031% 11/01/2034-2029 AT COST 15,500 15,635
    880591EP3 TENNESSEE VALLEY AUTH SR UNSECURED 3.5% 12/15/2042 AT COST 85,166 89,195
    883556CL4 THERMO FISHER SCIENTIFIC INC SR UNSECURED 2% 10/15/2031-2031 AT COST 24,639 24,662
    89153VAL3 TOTAL CAPITAL INTL SA SR UNSECURED 3.75% 04/10/2024 AT COST 10,059 10,614
    89236TJK2 TOYOTA MOTOR CREDIT CORP SR UNSECURED 1.125% 06/18/2026 AT COST 24,992 24,634
    90376PBA8 INT DEVELOPMENT FIN CORP SR UNSECURED FLOAT .3% 08/13/2027 AT COST 5,000 5,000
    91159HHM5 US BANCORP SUBORDINATED 3.1% 04/27/2026-2026 AT COST 9,960 10,573
    912810QA9 US TREASURY BONDS 3.5% 02/15/2039 AT COST 83,303 100,616
    912810RJ9 US TREASURY BONDS 3% 11/15/2044 AT COST 78,906 95,741
    9128283W8 US TREASURY NOTES 2.75% 02/15/2028 AT COST 25,166 27,041
    9128283Z1 US TREASURY NOTES 2.75% 02/28/2025 AT COST 138,354 147,585
    9128284Z0 US TREASURY NOTES 2.75% 08/31/2025 AT COST 93,596 100,540
    9128285D8 US TREASURY NOTES 2.875% 09/30/2023 AT COST 99,857 103,820
    9128285J5 US TREASURY NOTES 3% 10/31/2025 AT COST 100,191 106,992
    912828VS6 US TREASURY NOTES 2.5% 08/15/2023 AT COST 39,264 41,200
    912828X88 US TREASURY NOTES 2.375% 05/15/2027 AT COST 42,734 47,526
    912828Z94 US TREASURY NOTES 1.5% 02/15/2030 AT COST 15,739 15,092
    91282CCF6 US TREASURY NOTES .75% 05/31/2026 AT COST 90,024 88,200
    91428LNM4 UNIV OF HAWAII REVENUE TXBL-REF-SER C 2.372% 10/01/2032-2030 AT COST 5,000 5,010
    921943858 VANGUARD FTSE DEVELOPED ETF AT COST 1,810,930 2,280,799
    922042858 VANGUARD FTSE EMERGING MARKETS ETF AT COST 642,900 751,446
    922908736 VANGUARD GROWTH ETF AT COST 1,686,839 3,700,619
    922908744 VANGUARD VALUE ETF AT COST 2,093,162 2,913,661
    922908751 VANGUARD SMALL CAP ETF AT COST 553,711 860,420
    92343VFT6 VERIZON COMMUNICATIONS SR UNSECURED 2.65% 11/20/2040-2040 AT COST 20,338 19,059
    92826CAF9 VISA INC SR UNSECURED 4.3% 12/14/2045-2045 AT COST 30,423 31,561
    ABBORTT LABORATORIES AT COST 15,210 32,511
    AGILENT TECHNOLOGIES AT COST 18,760 25,384
    ALPHABET INC AT COST 25,262 37,661
    AMAZON.COM INC AT COST 32,094 33,343
    AMERICAN EXPRESS CO AT COST 26,736 37,137
    APPPLE INC AT COST 43,744 61,262
    BERKSHIRE HATHAWAY AT COST 16,567 22,126
    BOEING CO AT COST 8,313 7,650
    DEERE & CO AT COST 8,638 7,886
    EATON CORP PLC AT COST 27,806 40,958
    FORTNET INC AT COST 22,565 35,940
    FREEPORT-MCMORAN INC AT COST 10,796 10,224
    GENERAC HOLDINGS INC AT COST 13,095 20,059
    HILTON WORLDWIDE HLD AT COST 12,867 16,379
    HOME DEPOT INC AT COST 11,400 17,430
    JOHNSON & JOHNSON AT COST 17,921 20,015
    JPMORGAN CHASE & CO AT COST 40,250 50,989
    LILLY ELI & CO AT COST 23,248 28,451
    MCDONALDS CORP AT COST 19,937 25,198
    MICROSOFT CORP AT COST 44,639 67,264
    NEXTERA ENERGY INC AT COST 20,631 25,861
    NVIDIA CORP AT COST 12,786 28,234
    PFIZER INC AT COST 9,730 12,991
    PROCTER & GAMBLE AT COST 17,071 20,284
    TESLA INC AT COST 11,236 17,965
    VISA INC AT COST 35,873 36,407
    WALMART INC AT COST 17,260 17,073
    WALT DISNEY CO AT COST 35,891 32,372
    ISHARES MSCI AUSTRALIA ETF AT COST 22,910 22,248
    ISHARES MSCI INDIA ETF AT COST 53,457 64,313
    ISHARES MSCI UNITED KINGDOM ETF AT COST 22,933 23,297
    SPDR GOLD SHARES ETF AT COST 55,330 53,681
    VANECK VIETNAM ETF AT COST 11,644 13,763
    JPMORGAN GLOBAL BOND OPP AT COST 162,136 159,976
    PIMCO TRENDS MANAGED FUT AT COST 13,105 13,036
    PROLOGIS INC. AT COST 17,054 29,463

    TY 2021 LegalFeesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 9,281 0   9,281


    TY 2021 OtherDecreasesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Description Amount
    TAX ADJUSTMENTS IN DIVIDEND INCOME 362
    TAX ADJUSTMENTS IN CAPITAL GAIN DISTRIB 12


    TY 2021 OtherExpensesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HCF GRANTS MANAGEMENT FEES 55,000 0   55,000
    DCCA FILING FEES 6 0   6
    OFFICE EXPENSES 851 0   851
    UTILITIES - CELL PHONE AND OTHER 1,845 0   1,845
    INVESTMENT FEE CHARGE 10,372 10,372   0
    INSURANCE EXPENSES 170 170   0


    TY 2021 OtherIncomeSchedule2
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL EXCISE TAX REFUND 9,458 0 9,458


    TY 2021 OtherIncreasesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Description Amount
    TAX ADJUSTMENTS IN FOREIGN TAXES PAID 135


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOH INVESTMENT MGMT FEES 89,511 62,658   26,853


    TY 2021 TaxesSchedule
    Name:
    CHARLES & MITCH OTA FOUNDATION
     
    C/O BANK OF HAWAII
    EIN:
    46-3255584
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 135 135   0
    FEDERAL EXCISE TAX 11,162 0   0
    US TREASURY FOR GRANT APPLICATION 2,500 0   2,500
    GENERAL EXCISE TAXES 17,024 17,024   0
    REAL PROPERTY TAXES 30,579 30,579   0