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
FIRST HAWAIIAN BANK FOUNDATION
 
% FIRST HAWAIIAN BANK
Number and street (or P.O. box number if mail is not delivered to street address)999 BISHOP STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96813
A Employer identification number

23-7437822
B Telephone number (see instructions)

(808) 525-7777
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$8,196,160J 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) 1,002,004
2 Check bullet.............
3 Interest on savings and temporary cash investments 59 59 59
4 Dividends and interest from securities... 140,462 140,393 140,462
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 651,029
b Gross sales price for all assets on line 6a 7,150,869
7 Capital gain net income (from Part IV, line 2)... 651,029
8 Net short-term capital gain......... 2,392
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 9,984   9,984
12 Total. Add lines 1 through 11........ 1,803,538 791,481 152,897
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,202 202 202  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,202 202 202 0
25 Contributions, gifts, grants paid....... 1,672,234 1,672,234
26 Total expenses and disbursements. Add lines 24 and 25 1,680,436 202 202 1,672,234
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 123,102
b Net investment income (if negative, enter -0-) 791,279
c Adjusted net income (if negative, enter -0-)... 152,695
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.............      
2 Savings and temporary cash investments......... 736,018 2,744,338 2,744,338
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) 50,254 Click to see attachment31,460 31,714
b Investments—corporate stock (attach schedule)....... 439,451 Click to see attachment696,481 1,061,234
c Investments—corporate bonds (attach schedule)....... 6,666,858 Click to see attachment4,372,597 4,348,686
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment14,381 Click to see attachment10,188 Click to see attachment10,188
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,906,962 7,855,064 8,196,160
Liabilities 17 Accounts payable and accrued expenses.......... 175,000 0
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)......... 175,000 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........ 7,731,962 7,855,064
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,731,962 7,855,064
30 Total liabilities and net assets/fund balances (see instructions). 7,906,962 7,855,064
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
7,731,962
2
Enter amount from Part I, line 27a .....................
2
123,102
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,855,064
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,855,064
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    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 937,843   935,451 2,392
b 6,208,450   5,564,389 644,061
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,392
b       644,061
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 651,029
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 2,392
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  
3 Add lines 1 and 2........................... 3 10,999
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,999
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 9,959
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,959
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,960
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet13,960 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? Click to see attachment....................
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see attachment....
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.Click to see attachment
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 ofbulletFIRST HAWAIIAN BANK Telephone no.bullet (808) 525-7777

    Located atbullet999 BISHOP STREETHONOLULUHI ZIP+4bullet96813
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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)
     
    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
    ROBERT S HARRISON CHAIRMAN AND DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    CAMERON W NEKOTA PRESIDENT AND DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    ALTON A MURAKAMI VICE PRESIDENT AND TAX MANAGER
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    JOEL E RAPPOPORT VICE PRES., SEC. AND DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    RAVI MALLELA TREASURER AND DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    WALTER A DODS JR CHAIRMAN EMERITUS AND DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    ALAN H ARIZUMI DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    MITCHELL NISHIMOTO DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    CHRISTOPHER L DODS DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    GINA O W ANONUEVO DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    ANTHONY R GUERRERO JR DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    CORBETT A K KALAMA DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    IRIS Y MATSUMOTO DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    DONALD G HORNER DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    RALPH M MESICK DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    LANCE MIZUMOTO DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    NEILL A CHAR DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    SHARON S BROWN DIRECTOR
    0     		0 0 0
    999 BISHOP STREET
    HONOLULU,HI96813
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    6,867,743
    b
    Average of monthly cash balances.......................
    1b
    1,081,103
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,799
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,956,645
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,956,645
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    119,350
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    7,837,295
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    391,865
    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
    391,865
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,999
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,999
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    380,866
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    380,866
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    380,866
    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 7 380,866
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 677,050
    b From 2017...... 957,366
    c From 2018...... 1,016,478
    d From 2019...... 980,371
    e From 2020...... 3,163,510
    f Total of lines 3a through e ........ 6,794,775
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,672,234
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 380,866
    e Remaining amount distributed out of corpus 1,291,368
    5 Excess distributions carryover applied to 2021.    
    (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 8,086,143
    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......     		 
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		677,050
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		7,409,093
    10 Analysis of line 9:
    a Excess from 2017.... 957,366
    b Excess from 2018.... 1,016,478
    c Excess from 2019.... 980,371
    d Excess from 2020.... 3,163,510
    e Excess from 2021.... 1,291,368
    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).)
    NONE
    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.
    NONE
    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:
    CAMERON W NEKOTA
    999 BISHOP STREET
    HONOLULU,HI96813
    (808) 525-7777
    bThe form in which applications should be submitted and information and materials they should include:
    Submit a letter of request detailing the organization's purpose, tax-exempt status, and proposed use of funds.
    cAny submission deadlines:
    Applications are accepted at any time.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    There are no restrictions.
    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
    Iolani School
    563 Kamoku Street
    Honolulu,HI96826     		  PC To support campus expansion (new Kinder-1st Grade Community). 50,000
    Girl Scouts of Hawaii
    410 Atkinson Drive
    Suite 2E1 Box 3
    Honolulu,HI96814     		  PC To support creation of STEM Center for Excellence at Camp Paumalu. 37,500
    St Francis Healthcare Foundation of Hawaii
    2228 Liliha Street Suite 205
    Honolulu,HI96817     		  PC To support construction of Kupuna Village Quality of Life Center. 31,250
    YMCA of Honolulu
    1441 Pali Highway
    Honolulu,HI96813     		  PC To support capital campaign to renovate various facilities. 37,500
    Ho'ola Na Pua
    PO Box 22551
    Honolulu,HI96823     		  PC To support renovation of treatment facility for children who are victims of sexual exploitation. 25,000
    Lyman Museum
    276 Haili Street
    Hilo,HI96720     		  PC To support redesign and update of Island Heritage Gallery. 25,000
    North Hawaii Community Hospital
    67-1125 Mamalahoa Highway
    Waimea,HI96743     		  PC To support construction of new emergency room. 25,000
    YWCA Oahu
    1040 Richards Street
    Honolulu,HI96813     		  PC To support the renovation of the organization's headquarters. 16,667
    The Queen's Health Systems
    1301 Punchbowl Street
    Honolulu,HI96813     		  PC To support conversion of rooms to dedicated infectious disease program units. 50,000
    Child and Family Services
    91-1841 Ft Weaver Road
    Ewa Beach,HI96706     		  PC To support Stronger Families Fund to invest in strategic direction of the organization. 25,000
    University of Hawaii Economic Research Org
    2424 Maile Way
    Saunders Hall 540
    Honolulu,HI96822     		  PC To support economic research relevant to Hawaii and the Asia-Pacific region. 91,667
    Aloha United Way
    200 North Vineyard Blvd Suite 700
    Honolulu,HI96817     		  PC Corporate pledge. 100,000
    Diamond Head Theatre
    520 Makapuu Avenue
    Honolulu,HI96816     		  PC To support capital campaign for new arts center. 25,000
    Pali Momi Foundation
    55 Merchant Street Suite 2600
    Honolulu,HI96813     		  PC To support Phase III of the James T. Kakuda Cancer Center. 50,000
    Mid-Pacific Institute
    2445 Kaala Street
    Honolulu,HI96822     		  PC To support Kupu Hou Academy workshop for public and charter school teachers. 25,000
    Hawaii Children's Discovery Center
    Kakaako Waterfront Park
    111 Ohe Street
    Honolulu,HI96813     		  PC To support upgrade of exhibits and IT infrastructure. 25,000
    Hawaii Island United Way
    688 Kinoole Street Suite 201
    Hilo,HI96720     		  PC Corporate pledge. 35,000
    Iolani School
    563 Kamoku Street
    Honolulu,HI96826     		  PC To support the financial aid program for the 2021-2022 school year. 26,150
    Kauai Independent Food Bank
    3285 Waapa Road Suite A
    Lihue,HI96766     		  PC To support Kupuna Program to purchase more locally-grown produce and increase food distribution packages to additional seniors. 10,000
    Rehab Foundation
    226 North Kuakini Street
    Honolulu,HI96817     		  PC To support rehabilitation services at the Rehabilitation Hospital of the Pacific. 25,000
    Susannah Wesley Community Center
    1117 Kaili Street
    Honolulu,HI96819     		  PC To support the purchase of a van used by the Emergency Food Pantry Program. 15,000
    Teach for America Hawaii
    500 Ala Moana Blvd Suite 3-580
    Honolulu,HI96813     		  PC To support the recruitment of Kamaaina/Native Hawaiian incoming members. 25,000
    Maui United Way
    95 Mahalani Street Suite 24
    Wailuku,HI96793     		  PC Corporate pledge. 22,500
    Kauai United Way
    4374 Kukui Grove Street Suite 201
    Lihue,HI96766     		  PC Corporate pledge. 20,000
    La Pietra Hawaii School for Girls
    2131 Makiki Heights Drive
    Honolulu,HI96822     		  PC To support 2021-2022 tuition aid program. 15,000
    American Red Cross of Hawaii
    4155 Diamond Head Road
    Honolulu,HI96816     		  PC To support Disaster Preparedness and Response Program. 10,000
    Coast Guard Foundation
    394 Taugwonk Road
    Stonington,CT06378     		  PC To support Youth Enrichment Program to assist Coast Guard families. 10,000
    Friendly Isle United Way
    PO Box 2047
    Kaunakakai,HI96748     		  PC Corporate pledge. 2,500
    Hawaii Homeownership Center
    1259 Aala Street Suite 201
    Honolulu,HI96817     		  PC To support Home Stability for Hawaii Project to promote home ownership and assist distressed owners and renters. 25,000
    Hawaii Youth Symphony
    1110 University Avenue Suite 200
    Honolulu,HI96826     		  PC To support expansion of outreach programs for underserved communities. 25,000
    Maui Health Foundation
    221 Mahalani Street
    Wailuku,HI96793     		  PC To support Patient Resource Assistance Program to discharge patients safely with necessary resources. 25,000
    Hina Mauka
    45-845 Pookela Street
    Kaneohe,HI96744     		  PC To support the expansion of the residential treatment facility. 10,000
    Pacific Asian Center for Entrepreneurship
    University of Hawaii Shidler Colleg
    2404 Maile Way E-402
    Honolulu,HI96822     		  PC To support Residences for Innovative Student Entrepreneurs project. 100,000
    Sacred Hearts Academy
    3253 Waialae Avenue
    Honolulu,HI96816     		  PC To support "Building Our Future: Educating Girls to Change the World" capital campaign. 50,000
    Hawaiian Humane Society
    2700 Waialae Avenue
    Honolulu,HI96826     		  PC To support Ho'opili Campus capital campaign in West Oahu. 25,000
    Kapiolani Health Foundation
    55 Merchant Street 26th Floor
    Honolulu,HI96813     		  PC To support Phase I upgrade to Pediatric Heart Center. 25,000
    Kauai Housing Development Corporation
    3-3194 Kuhio Highway
    Lihue,HI96766     		  PC To support the conversion of cesspools to septic systems at the Hale Kupuna Affordable Senior Complex for low-income families. 50,000
    University of Hawaii Cancer Center
    University of Hawaii Foundation
    1314 South King Street Suite B
    Honolulu,HI96814     		  PC To support Phase I of the "Expanding Cancer Research and Treatment for Hawaii's People" project to bring early clinical research trials to Hawaii and the Pacific Region. 25,000
    American Heart Association Hawaii
    677 Ala Moana Blvd Suite 600
    Honolulu,HI96813     		    To support Adopt-a-Clinic initiative to provide resources needed by at-risk individuals. 25,000
    Foundation for Maryknoll School
    1526 Alexander Street
    Honolulu,HI96822     		  PC To support capital campaign to renovate Bachelot Hall into a performing arts center and parish hall. 25,000
    Palama Settlement
    810 N Vineyard Blvd
    Honolulu,HI96817     		  PC To support capital campaign for new Center of Innovation Digital Arts Academy program for low-income families. 25,000
    Saint Louis School
    3142 Waialae Avenue
    Honolulu,HI96816     		  PC To support the replacement of three scoreboards in athletics. 75,000
    Aha Punana Leo
    96 Puuhonu Place
    Hilo,HI96720     		  PC To support the renovation of a facility to expand Hawaiian language early childhood education program. 25,000
    Bishop Museum
    1525 Bernice Street
    Honolulu,HI96817     		  PC To support digital infrastructure, online education, outdoor programs, and other strategic priorities/initiatives. 25,000
    Honpa Hongwanji Hilo Betsuin
    398 Kilauea Avenue
    Hilo,HI96720     		  PC To support the construction of a new preschool building in Hilo. 25,000
    Kauai Christian Academy
    PO Box 1121
    Kilauea,HI96754     		  PC To support capital campaign for the construction of a second building. 25,000
    Vision to Learn
    12100 Wilshire Blvd Suite 1275
    Los Angeles,CA90025     		  PC To support Better Vision for Keiki program to provide vision screenings, exams and prescription glasses to children. 25,000
    Chaminade University of Honolulu
    3140 Waialae Avenue
    Honolulu,HI96816     		  PC To support the Second Chance Pell Experimental Sites Initiative (need-based Pell grants to people in state and federal prisons). 25,000
    Camp Mokule'ia
    68-729 Farrington Highway
    Waialua,HI96791     		  PC To support Family Camp for Children with Cancer. 17,500
    Adult Friends for Youth
    3375 Koapaka Street Suite B290
    Honolulu,HI96819     		  PC To support the purchase of a mobile outreach vehicle. 15,000
    Hale Halawai Ohana O Hanalei
    PO Box 822
    Hanalei,HI96714     		  PC To support 2021-2022 Keiki Enrichment Program, an afterschool program for academically challenged children from low-income families. 15,000
    Hawaii Nature Center
    2131 Makiki Heights Drive
    Honolulu,HI96822     		  PC To support 2021-2022 Engaging Keiki in Environmental Education program to promote environmental stewardship and sustainability. 15,000
    Kauai North Shore Food Pantry
    PO Box 1172
    Kilauea,HI96754     		  PC To support weekly food distribution program for at-risk individuals and families. 15,000
    Friends of Waialua Robotics Inc
    94-200 Meki Place
    Waipahu,HI96797     		  PC To support Waialua High & Intermediate STEM Robotics Project for middle and high school students. 10,000
    Impact Change Hawaii (Building Blocks Hawaii)
    PO Box 235202
    Honolulu,HI96823     		  PC To support Building Blocks Hawaii program to prepare students from low-income families for kindergarten. 10,000
    Kauai Planning and Action Alliance Inc
    2959 Umi Street Suite 201
    Lihue,HI96766     		  PC To support Kauai Resilience Project to build young people's ability to overcome adversity and successfully navigate life's challenges. 10,000
    Kristi Yamaguchi's Always Dream
    125 Railroad Avenue S-203
    Danville,CA94526     		  PC To support Always Reading early childhood literacy program to expand at two elementary schools. 10,000
    Nisei Veterans Memorial Center
    PO Box 216
    Kahului,HI96733     		  PC To support "Find the Hero" series of exhibits and archival collections. 10,000
    Surfing the Nations
    PO Box 860366
    Wahiawa,HI96786     		  PC To support the purchase of a truck for use in the Feed the Hungry program. 10,000
    US Vets Hawaii
    91-1010 Shangrila St Suite 103/10
    Kapolei,HI96707     		  PC To support services to at-risk, vulnerable and homeless veterans. 10,000
    Equine Therapy Inc
    3146 Akahi Street
    Lihue,HI96766     		  PC To support Three Steps Forward capital improvement and expansion project. 5,000
    Kids Hurt Too Hawaii
    245 N Kukui Street Suite 102
    Honolulu,HI96817     		  PC To support the publication of pamphlets to help children impacted by deaths from homicide and suicide. 4,000
    Total .................................bullet 3a 1,672,234
    bApproved for future payment
    Aloha United Way
    200 North Vineyard Blvd Suite 700
    Honolulu,HI96817     		  PC Corporate pledge. 100,000
    Hawaii Island United Way
    688 Kinoole Street Suite 201
    Hilo,HI96720     		  PC Corporate pledge. 35,000
    Maui United Way
    95 Mahalani Street Suite 24
    Wailuku,HI96793     		  PC Corporate pledge. 22,500
    Kauai United Way
    4374 Kukui Grove Street Suite 201
    Lihue,HI96766     		  PC Corporate pledge. 20,000
    Friendly Isle United Way
    PO Box 2047
    Kaunakakai,HI96748     		  PC Corporate pledge. 2,500
    Blood Bank of Hawaii
    1907 Young Street
    Honolulu,HI96826     		  PC To support capital campaign to construct permanent facility in Kapolei. 250,000
    Pacific Asian Center for Entrepreneurship
    University of Hawaii Shidler Colleg
    2404 Maile Way E-402
    Honolulu,HI96822     		  PC To support Residences for Innovative Student Entrepreneurs project. 150,000
    Sacred Hearts Academy
    3253 Waialae Avenue
    Honolulu,HI96816     		  PC To support "Building Our Future: Educating Girls to Change the World" capital campaign. 100,000
    University of Hawaii Economic Research Org
    2424 Maile Way
    Saunders Hall 540
    Honolulu,HI96822     		  PC To support economic research relevant to Hawaii and the Asia-Pacific Region. 100,000
    Hawaiian Humane Society
    2700 Waialae Avenue
    Honolulu,HI96826     		  PC To support Ho'opili Campus capital campaign in West Oahu. 75,000
    Kapiolani Health Foundation
    55 Merchant Street 26th Floor
    Honolulu,HI96813     		  PC To support Phase I upgrade to Pediatric Heart Center. 75,000
    Kauai Housing Development Corporation
    3-3194 Kuhio Highway
    Lihue,HI96766     		  PC To support the conversion of cesspools to septic systems at the Hale Kupuna Affordable Senior Complex for low-income families. 50,000
    University of Hawaii Cancer Center
    University of Hawaii Foundation
    1314 South King Street Suite B
    Honolulu,HI96814     		  PC To support Phase I of the "Expanding Cancer Research and Treatment for Hawaii's People" project to bring early clinical research trials to Hawaii and the Pacific Region. 75,000
    American Heart Association Hawaii
    677 Ala Moana Blvd Suite 600
    Honolulu,HI96813     		  PC To support Adopt-A-Clinic initiative to provide resources needed by at-risk individuals. 50,000
    Foundation for Maryknoll School
    1526 Alexander Street
    Honolulu,HI96822     		  PC To support capital campaign to renovate Bachelot Hall into a performing arts center and parish hall. 50,000
    Palama Settlement
    810 N Vineyard Blvd
    Honolulu,HI96817     		  PC To support capital campaign for new Center of Innovation Digital Arts Academy program for low-income families. 50,000
    Aha Punana Leo
    96 Puuhonu Place
    Hilo,HI96720     		  PC To support the renovation of a facility to expand Hawaiian language early childhood education program. 25,000
    Bishop Museum
    1525 Bernice Street
    Honolulu,HI96817     		  PC To support digital infrastructure, online education, outdoor programs, and other strategic priorities/initiatives. 25,000
    Honpa Hongwanji Hilo Betsuin
    398 Kilauea Avenue
    Hilo,HI96720     		  PC To support the construction of a new preschool building in Hilo. 25,000
    Kauai Christian Academy
    PO Box 1121
    Kilauea,HI96754     		  PC To support capital campaign for the construction of a second building. 25,000
    Vision to Learn
    12100 Wilshire Blvd Suite 1275
    Los Angeles,CA90025     		  PC To support Better Vision for Keiki program to provide vision screenings, exams and prescription glasses to children. 25,000
    Total .................................bullet 3b 1,330,000
    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 59  
    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 ............     		    18 651,029  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS OTHER INCOME     		    01 9,984  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   801,465 69
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    801,534
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    FIRST HAWAIIAN BANK FOUNDATION
     
    Employer identification number

    23-7437822
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    FIRST HAWAIIAN BANK FOUNDATION
          		Employer identification number
    23-7437822
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    FIRST HAWAIIAN BANK
    999 BISHOP STREET
     
    HONOLULU, HI96813

    		$ 1,000,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    FIRST HAWAIIAN BANK FOUNDATION
          		Employer identification number

    23-7437822
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    FIRST HAWAIIAN BANK FOUNDATION
          		Employer identification number

    23-7437822
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2021 DepreciationSchedule
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CITI GLBL ZERO 30 AUG 23 100,000 97,070
    GOLDMAN SACHS 22 SEP 23 200,000 208,598
    GS FIN CORP ZERO 02 AUG 23 75,000 77,788
    GS FIN CORP ZERO 21 JUN 23 200,000 196,566
    MORGAN STANLEY 29 JUN 23 200,000 198,280
    MORGAN STANLEY ZERO 21 JUL 23 175,000 184,861
    ROYAL BK OF CAN ZERO 20 JUL 23 100,000 99,540
    BARCLAYS PLC 5.45% 15 SEP 22 250,000 249,100
    BARCLAYS PLC 6.1% 18 OCT 22 75,000 74,888
    BARCLAYS PLC 6.0% 27 SEP 22 75,000 75,203
    BARCLAYS PLC 6.0% 28 OCT 22 75,000 74,333
    CITI GLBL/US 5.47% 25 AUG 22 200,000 197,020
    CITI GLBL/US 5.6% 18 NOV 22 75,000 74,010
    CITI GLBL/US 5.83% 24 JAN 23 100,000 98,050
    CITI GLBL/MTNF 6.0% 14 JAN 22 200,000 197,920
    GS FIN CORP 5.7% 175,000 174,946
    GS FIN CORP 6.25% 23 MAR 22 150,000 150,552
    MORGAN STANLEY 5.56% 10 AUG 22 75,000 73,954
    MORGAN STANLEY 5.7% 30 JAN 23 50,000 49,090
    MORGAN STANLEY 5.9% 21 NOV 22 50,000 49,213
    MORGAN STANLEY 6.13% 27 FEB 23 75,000 75,000
    MORGAN STANLEY 6.3% 10 NOV 22 100,000 99,965
    MORGAN STANLEY MTNF 5.5% 125,000 124,175
    ROY BK OF CAN 5.05% 01 SEP 22 250,000 242,225
    ROY BK OF CAN 5.65% 13 OCT 22 100,000 97,470
    ROY BK OF CAN 5.8% 10 MAR 22 125,000 125,175
    ABBOTT LAB 2.95% 15 MAR 25 16,100 15,755
    ABBVIE INC 3.6% 14 MAY 25 16,148 15,956
    AERCAP IRE 4.875% 16 JAN 24 16,232 15,954
    AIRCSTL 4.25% 15 JUN 26 16,422 16,067
    AIR LEASE CORP 2.75% 15 JAN 23 15,422 15,229
    AIR LEASE CORP 3.75% 01 JUN 26 16,377 15,910
    ALTRIA GRP INC 4.4% 14 FEB 26 17,017 16,509
    AIG 2.5% 30 JUN 25 15,725 15,473
    AMGEN INC 2.25% 19 AUG 23 14,970 15,323
    ANHEUSER-BUSCH 3.65% 01 FEB 26 16,617 16,112
    ANTHEM INC 3.3% 15 JAN 23 15,530 15,391
    APPLE INC 2.75% 13 JAN 25 15,747 15,670
    AZ PUB SVC CO 3.15% 15 MAY 25 16,021 15,612
    AT&T INC 3.95% 15 JAN 25 16,496 16,032
    BANK OF AMER 3.875% 01 AUG 25 16,737 16,266
    BARCLAYS PLC 4.375% 12 JAN 26 21,856 21,875
    BP CAP MKTS 3.41% 11 FEB 26 16,356 16,007
    CAN NAT RES 2.95% 15 JAN 23 15,508 15,287
    CAPITAL ONE FIN 3.2% 05 FEB 25 15,797 15,723
    CHUBB INA HLDG 3.35% 15 MAY 24 15,595 15,814
    CIGNA CORP 3.75% 15 JUL 23 15,887 15,600
    CITIGROUP INC 3.4% 01 MAY 26 16,382 16,092
    COMCAST CORP 3.95% 15 OCT 25 16,756 16,376
    CREDIT SUISSE 3.75% 26 MAR 25 16,345 15,923
    CSX CORP 3.35% 01 NOV 25 16,398 16,004
    CVS HLTH CORP 3.875% 20 JUL 25 16,600 16,127
    DEUTSCHE BK NY 5% 14 FEB 22 15,259 15,068
    DEUTSCHE BK NY 1.69% 19 MAR 26 15,120 14,934
    DISCOVER BK 4.25% 13 MAR 26 16,884 16,363
    DOLLAR GEN COR 3.25% 15 APR 23 15,210 15,363
    DUPONT 4.493% 15 NOV 25 16,928 16,582
    FIF THD BANC 3.65% 25 JAN 24 15,986 15,714
    GM FIN CO 3.55% 08 JUL 22 15,384 15,218
    GM FIN CO 5.1% 17 JAN 24 16,456 16,086
    GM FIN CO 5.25% 01 MAR 26 17,281 16,829
    GS GRP 3.625% 20 FEB 24 16,015 15,738
    GS GRP 3.75% 22 MAY 25 16,301 16,014
    HSBC HLDGS 4.3% 08 MAR 26 16,777 16,445
    INTERCON EXCH INC 4% 15 OCT 23 15,989 16,000
    JP MORGAN 3.9% 15 JUL 25 16,631 16,238
    KEYCORP 4.15% 29 OCT 25 16,855 16,413
    LOCKHEED MARTIN 2.9% 01 MAR 25 15,854 15,716
    MASTERCARD 3.375% 01 APR 24 10,288 10,524
    MCDONALD'S 3.375% 26 MAY 25 16,181 15,948
    MICROSOFT 3.125% 03 NOV 25 16,399 16,001
    MITSUBISHI UFJ 3.85% 01 MAR 26 16,698 16,237
    MORGAN STAN 4.0% 23 JUL 25 16,731 16,263
    OMNICOM GR INC 3.65% 01 NOV 24 15,729 15,902
    ORACLE CORP 2.95% 15 NOV 24 15,697 15,603
    PEPSICO INC 3.6% 01 MAR 24 15,695 15,810
    PHILIP MORRIS 2.75% 25 FEB 26 16,146 15,616
    PRINCIPAL FIN 3.1% 15 NOV 26 16,031 15,765
    ROPER TECH 3.65% 15 SEP 23 15,412 15,616
    ROYAL BK OF CAN 3.7% 05 OCT 23 15,960 15,734
    SANTANDER HLD 3.244% 05 OCT 26 16,013 15,656
    STARBUCKS CORP 3.8% 15 AUG 25 16,640 16,183
    SYSCO CORP 3.3% 15 JUL 26 15,876 15,983
    VERIZON COM 2.625% 15 AUG 26 15,649 15,625
    WALGREENS 3.45% 01 JUN 26 16,211 15,960
    WELLTOWER INC 3.625% 15 MAR 24 15,537 15,778
    WILLIAMS LP 3.6% 15 MAR 22 15,201 15,013
    SCHLUMBERGER 3.65% 01 DEC 23 15,532 15,669

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES CORE S&P 500 ETF 284,995 520,873
    ISHARES CORE S&P MID-CAP ETF 49,204 80,111
    ISHARES CORE S&P SMALL-CAP ETF 20,382 34,009
    ISHARES S&P 500 VALUE ETF 15,344 27,567
    ISHARES CORE MSCI EAFE ETF 103,077 129,650
    BLACKROCK GLOBAL ALLOC FUND 31,757 32,652
    MORGAN STANLEY INST FUND INC 70,752 98,478
    SPDR MSCI EAFE STRATFACT ETF 26,897 33,081
    JPMORGAN HEDGED EQUITY FUND 40,272 44,397
    ARTISAN DEVELOPING WORLD FUND 53,801 60,416

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    US Government Securities - End of Year Book Value:

    31,460
    US Government Securities - End of Year Fair Market Value:

    31,714
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 OtherAssetsSchedule
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME RECEIVABLE 14,381 10,188 10,188


    TY 2021 OtherIncomeSchedule2
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS OTHER INCOME 9,984   9,984


    TY 2021 TaxesSchedule
    Name:
    FIRST HAWAIIAN BANK FOUNDATION
    EIN:
    23-7437822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX        
    FOREIGN TAX WITHHELD