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
ROBERT F LANGE FOUNDATION
 
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

23-7241511
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$11,682,387J 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 43 43  
4 Dividends and interest from securities... 224,300 221,062  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,155,787
b Gross sales price for all assets on line 6a 5,548,441
7 Capital gain net income (from Part IV, line 2)... 1,155,787
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 709 651  
12 Total. Add lines 1 through 11........ 1,380,839 1,377,543  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,542 2,562   5,980
c Other professional fees (attach schedule).... Click to see attachment 114,260 84,108   30,152
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,348 730   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,245 0   6
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 128,395 87,400   36,138
25 Contributions, gifts, grants paid....... 359,600 359,600
26 Total expenses and disbursements. Add lines 24 and 25 487,995 87,400   395,738
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 892,844
b Net investment income (if negative, enter -0-) 1,290,143
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............. 6    
2 Savings and temporary cash investments......... 422,661 367,785 367,785
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,161,394 Click to see attachment8,108,949 11,314,602
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) 7,584,061 8,476,734 11,682,387
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) Click to see attachment694 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 694 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........ 7,583,367 8,476,734
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)..... 7,583,367 8,476,734
30 Total liabilities and net assets/fund balances (see instructions). 7,584,061 8,476,734
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
7,583,367
2
Enter amount from Part I, line 27a .....................
2
892,844
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
635
4
Add lines 1, 2, and 3 ..........................
4
8,476,846
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
112
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,476,734
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 STLMT-WELLS FARGO CHECK P 2020-01-12 2021-01-12
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 3,196,403   2,882,188 314,215
b 2,351,835   1,510,416 841,419
c 203   50 153
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       314,215
b       841,419
c       153
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 1,155,787
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 17,933
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 17,933
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,365
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,365
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,432
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,432 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 atbullet111 SO KING STREETHONOLULUHI ZIP+4bullet96813
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    RUEDI F THOENI VP/DIRECTOR
    0.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    MARILYNN MATSUMOTO TREAS/SEC/DIRECTOR
    1.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    DAVID FRANKLIN PRES/DIRECTOR
    0.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    PATTI LYONS VP/DIRECTOR
    0.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    MARY F WILLIAMSON VP/DIRECTOR
    0.00     		0 0 0
    PO BOX 3170
    HONOLULU,HI968023170
    BANK OF HAWAII FISCAL AGENT
    1.00     		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
    3,946,645
    b
    Average of monthly cash balances.......................
    1b
    230,930
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,177,575
    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
    4,177,575
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    62,664
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,114,911
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    205,746
    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
    205,746
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,933
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    3,021
    c
    Add lines 2a and 2b............................
    2c
    20,954
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    184,792
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    184,792
    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
    184,792
    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 7 184,792
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 83,531
    b From 2017......  
    c From 2018...... 23,788
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 107,319
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 395,738
    a Applied to 2020, but not more than line 2a 0
    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..... 184,792
    e Remaining amount distributed out of corpus 210,946
    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 5 318,265
    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 ..........     		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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		83,531
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		234,734
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 23,788
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 210,946
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CHILD AND FAMILY SERVICE
    91-1841 FORT WEAVER ROAD
    EWA BEACH,HI967061909     		  PC FESTIVAL OF HOPE 59,600
    CHILD AND FAMILY SERVICE
    91-1841 FORT WEAVER ROAD
    EWA BEACH,HI967061909     		  PC SEMI-ANNUAL PMT OF 2021 GRANT: MALAMA'OLA E'OHANA PROGRAM 100,000
    CHILD AND FAMILY SERVICE
    91-1841 FORT WEAVER ROAD
    EWA BEACH,HI967061909     		  PC SEMI-ANNUAL PMT OF 2021 GRANT: MALAMA'OLA E'OHANA PROGRAM 100,000
    HONOLULU MUSEUM OF ARTS
    900 SOUTH BERETANIA ST
    HONOLULU,HI968141495     		  PC ASIAN ART GALLERIES 100,000
    Total .................................bullet 3a 359,600
    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 43  
    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 1,155,787  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    a990T 2019 REFUNDS     		    01 58  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 320 1,380,519 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,380,839
    (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.)
    1 $320 IS HAWAII 2020 HAWAII TAX REFUND.
    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:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 8,542 2,562   5,980

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00287Y109 ABBVIE INC AT COST 40,290 76,230
    00402L107 ACADEMY SPORTS & OUTDOORS INC AT COST 14,046 15,585
    00773T101 ADVANSIX INC AT COST 7,961 10,868
    00828EDC0 AFRICAN DEVELOPMENT BANK SR UNSECURED 3% 09/20/2023 AT COST 19,984 20,771
    013872106 ALCOA CORP AT COST 7,148 11,916
    02005N100 ALLY FINANCIAL INC AT COST 11,454 23,805
    02079K305 ALPHABET INC CL A AT COST 34,527 78,220
    023135106 AMAZON.COM INC AT COST 53,591 73,355
    02665WDD0 AMERICAN HONDA FINANCE SR UNSECURED 2.15% 09/10/2024 AT COST 15,124 15,374
    032095101 AMPHENOL CORP CL A AT COST 20,671 25,801
    037833100 APPLE INC AT COST 47,289 120,748
    037833AK6 APPLE INC SR UNSECURED 2.4% 05/03/2023 AT COST 15,011 15,359
    037833CX6 APPLE INC SR UNSECURED 3% 06/20/2027-2027 AT COST 38,202 37,522
    03820C105 APPLIED INDUSTRIAL TECH INC AT COST 5,509 8,216
    03937C105 ARCBEST CORP AT COST 4,769 18,457
    039483102 ARCHER-DANIELS MIDLAND CO AT COST 24,126 25,346
    042735100 ARROW ELECTRONICS INC AT COST 11,732 17,052
    043436104 ASBURY AUTOMOTIVE GROUP AT COST 4,588 7,427
    049164205 ATLAS AIR WORLDWIDE HLDGS AT COST 6,921 8,941
    053774105 AVIS BUDGET GROUP INC AT COST 3,587 10,161
    05550J101 BJ'S WHOLESALE CLUB HOLDINGS AT COST 7,573 8,706
    064058100 BANK OF NEW YORK MELLON CORP AT COST 51,354 58,254
    064159VK9 BANK OF NOVA SCOTIA SR UNSECURED 1.625% 05/01/2023 AT COST 50,930 50,566
    06417N103 BANK OZK AT COST 7,846 7,910
    07556Q881 BEAZER HOMES USA INC AT COST 5,821 8,824
    077454106 BELDEN INC AT COST 13,802 16,761
    084670702 BERKSHIRE HATHAWAY INC CL B AT COST 8,618 13,455
    084670BS6 BERKSHIRE HATHAWAY INC SR UNSECURED 3.125% 03/15/2026-2025 AT COST 5,098 5,354
    08579W103 BERRY GLOBAL GROUP INC AT COST 11,871 12,543
    086516101 BEST BUY CO INC AT COST 69,656 61,671
    09247XAQ4 BLACKROCK INC SR UNSECURED 2.4% 04/30/2030-2030 AT COST 10,022 10,301
    096308101 BLUEGREEN VACATIONS HOLDING AT COST 8,041 8,600
    099724AL0 BORGWARNER INC SR UNSECURED 2.65% 07/01/2027-2027 AT COST 4,988 5,169
    10922N103 BRIGHTHOUSE FINANCIAL INC AT COST 7,699 7,770
    11135F101 BROADCOM INC AT COST 40,332 105,800
    12504L109 CBRE GROUP INC AT COST 9,379 17,904
    12541W209 C.H. ROBINSON WORLDWIDE INC AT COST 22,932 25,293
    12621E103 CNO FINANCIAL GROUP INC AT COST 7,290 6,794
    127387108 CADENCE DESIGN SYSTEMS INC AT COST 9,459 26,089
    13066YTZ2 CALIFORNIA ST DEPT OF WTR RESOURCES PWR SPLY REVENUE TXBL-REF-SER AT COST 5,000 5,026
    13100M509 CALIX INC AT COST 3,343 19,353
    13123X508 CALLON PETROLEUM CO AT COST 5,011 6,851
    14040H105 CAPITAL ONC FINANCIAL CORP VAR AT COST 11,671 23,940
    14149Y108 CARDINAL HEALTH INC AT COST 51,280 52,829
    147528103 CASEY'S GENERAL STORES INC AT COST 8,029 8,486
    148806102 CATALENT INC AT COST 19,048 25,606
    15189T107 CENTERPOINT ENERGY INC AT COST 13,012 12,978
    169905106 CHOICE HOTELS INTERNATIONAL INC AT COST 8,462 8,735
    17275R102 CISCO SYSTEMS AT COST 27,647 57,096
    174610105 CITIZENS FINANCIAL GROUP INC. AT COST 37,627 58,496
    19260Q107 COINBASE GLOBAL INC CLASS A AT COST 12,915 11,357
    20030N101 COMCAST CORP CL A AT COST 13,717 11,576
    200340107 COMERICA INC AT COST 19,097 25,230
    209115104 CON EDISON AT COST 11,012 12,798
    217204106 COPART INC AT COST 21,745 25,017
    227046109 CROCS INC AT COST 7,189 6,155
    227483104 CROSS COUNTRY HEALTHCARE INC AT COST 5,614 16,795
    22822V101 CROWN CASTLE INC AT COST 9,568 14,612
    231021106 CUMMINS ENGINE INC AT COST 20,687 28,576
    23204G100 CUSTOMERS BANCORP INC AT COST 8,433 18,304
    23331A109 D.R. HORTON INC AT COST 14,521 22,232
    23355L106 DXC TECHNOLOGY CO AT COST 24,651 22,855
    244199105 DEERE & CO AT COST 11,446 12,001
    25278X109 DIAMONDBACK ENERGY INC. AT COST 8,535 19,952
    254067101 DILLARDS INC CL A AT COST 6,011 9,066
    254687106 DISNEY WALT CO AT COST 10,679 12,391
    254687FY7 DISNEY WALT CO SR UNSECURED 3.5% 05/13/2040-2039 AT COST 9,991 10,981
    26441C204 DUKE ENERGY CORP AT COST 12,284 13,637
    26444HAC5 DUKE ENERGY FLORIDA LLC SECURED 3.2% 01/15/2027-2026 AT COST 14,995 15,967
    26875P101 EOG RESOURCES INC AT COST 7,189 16,433
    269796108 EAGLE PHARMACEUTICALS INC. AT COST 7,675 8,147
    277432100 EASTMAN CHEMICAL CO AT COST 30,368 62,148
    28106W103 EDITAS MEDICINE INC AT COST 7,948 6,638
    291011BP8 EMERSON ELECTRIC CO SR UNSECURED .875% 10/15/2026-2026 AT COST 24,701 24,331
    29251M106 ENANTA PHARMACEUTICALS INC AT COST 13,842 14,657
    292766102 ENERPLUS CORP AT COST 5,734 5,660
    29364WAV0 ENTERGY LOUISIANA LLC SECURED 4.95% 01/15/2045-2025 AT COST 10,193 10,751
    29364WBF4 ENTERGY LOUISIANA LLC 1ST LIEN .62% 11/17/2023-2021 AT COST 14,998 14,880
    29365TAD6 ENTERGY TEXAS INC SECURED 5.15% 06/01/2045-2025 AT COST 14,951 16,157
    298785HK5 EUROPEAN INVT BK SR UNSECURED 2.375% 06/15/2022 AT COST 25,051 25,233
    29977A105 EVERCORE INC CL A AT COST 7,765 6,521
    30040WAJ7 EVERSOURCE ENERGY SR UNSECURED .8% 08/15/2025-2025 AT COST 24,926 24,290
    302155AU0 EXPORT IMPORT BANK OF USA SINKING FUND 1.822% 05/03/2025 OFV 5345 AT COST 4,380 4,757
    30303M102 META PLATFORMS INC CL A AT COST 23,150 38,680
    31288FB37 FEDERAL HOME LOAN MORTGAGE CORP POOL # C76358 5% 02/01/2033 OFV 14 AT COST 1,711 1,840
    3128K82C9 FEDERAL HOME LOAN MORTAGE CORP POOL # A47971 5% 08/01/2035 OFV 940 AT COST 5,711 6,240
    3128LXB25 FEDERAL HOME LOAN MORTGAGE CORP POOL # G01857 5% 10/01/2033 OFV 77 AT COST 1,389 1,517
    3128LXE97 FEDERAL HOME LOAN MORTGAGE CORP POOL # G01960 5% 12/01/2035 OFV 37 AT COST 534 579
    3128LXEK2 FEDERAL HOME LOAN MORTGAGE CORP POOL # G01938 5.5% 09/01/2035 OFV AT COST 407 434
    3128M7DH6 FEDERAL HOME LOAN MTGE CORP POOL # G05204 6% 01/01/2036 OFV 65000 AT COST 2,412 2,625
    3128PQFE6 FEDERAL HOME LOAN MTGE CORP POOL # J11065 4.5% 10/01/2024 OFV 5200 AT COST 1,355 1,361
    312935MB2 FEDERAL HOME LOAN MTGE CORP POOL # A88454 4.5% 09/01/2039 OFV 2100 AT COST 919 976
    31297TXD0 FEDERAL HOME LOAN MTGE CORP POOL # A37876 5% 09/01/2035 OFV 44000 AT COST 1,329 1,440
    3130AGFP5 FEDERAL HOME LOAN BANK UNSECURED 2.5% 06/12/2026 AT COST 25,354 26,383
    3130AGUW3 FEDERAL HOME LOAN BANK UNSECURED 2.125% 09/14/2029 AT COST 5,114 5,222
    3130AMDD1 FEDERAL HOME LOAN BANK UNSECURED MULTI STEP CPN 1.125% 05/20/2026 AT COST 100,000 99,459
    3130AMR20 FEDERAL HOME LOAN BANK UNSECURED STEP-UP .6% 06/22/2026 AT COST 99,982 98,916
    313383WD9 FEDERAL HOME LOAN BANK UNSECURED 3.125% 09/09/2022 AT COST 45,067 45,876
    3133EJ2D0 FEDERAL FARM CREDIT BANK UNSECURED 3.43% 12/06/2028 AT COST 20,488 22,528
    3133EKEA0 FEDERAL FARM CREDIT BANK UNSECURED 3.27% 03/22/2029-2022 AT COST 45,018 45,286
    3133ELLH5 FEDERAL FARM CREDIT BANK UNSECURED 2.46% 02/05/2035-2025 AT COST 47,714 45,634
    3133ELQ49 FEDERAL FARM CREDIT BANK UNSECURED .7% 06/30/2025-2021 AT COST 34,982 34,588
    3133ELXP4 FEDERAL FARM CREDIT BANK UNSECURED 1.68% 04/29/2030-2021 AT COST 29,948 29,483
    3133EMDZ2 FEDERAL FARM CREDIT BANK UNSECURED .52% 10/21/2025-2021 AT COST 9,984 9,733
    3133EMV90 FEDERAL FARM CREDIT BANK UNSECURED 1.84% 10/27/2031-2021 AT COST 49,550 49,341
    31371KXY2 FEDERAL NATIONAL MORTGAGE ASSN POOL # 254595 6% 01/01/2033 OFV 104 AT COST 871 948
    31371MLB1 FEDERAL NATIONAL MORTGAGE ASSN POOL # 256022 5.5% 12/01/2035 OFV 7 AT COST 1,261 1,374
    31402RJV2 FEDERAL NATIONAL MORTGAGE ASSN POOL # 735676 5% 07/01/2035 OFV 250 AT COST 497 546
    31407CW37 FEDERAL NATIONAL MORTGAGE ASSN POOL # 826966 5.5% 06/01/2035 OFV 6 AT COST 1,524 1,645
    31407L6S1 FEDERAL NATIONAL MTGE ASSOC POOL # 834381 6% 08/01/2035 OFV 101558 AT COST 3,376 3,703
    31410FYE9 FEDERAL NATIONAL MORTGAGE ASSN POOL # 888209 5.5% 05/01/2036 OFV 5 AT COST 1,007 1,102
    31412MLE6 FEDERAL NATIONAL MTGE ASSN POOL # 929225 5.5% 03/01/2023 OFV 51000 AT COST 248 237
    31412U4V9 FEDERAL NATIONAL MTGE ASSOC POOL # 935636 4% 09/01/2024 OFV 24000 AT COST 340 346
    31416BN53 FEDERAL NATIONAL MTGE ASSOC POOL # 995112 5.5% 07/01/2036 OFV 4500 AT COST 1,419 1,533
    31418CPJ7 FEDERAL NATIONAL MORTGAGE ASSOC POOL # MA3124 2.5% 09/01/2032 OFV AT COST 9,396 9,708
    314353AA1 FEDEX 2020-1 CLASS AA 1.875% 02/20/2034 OFV 20000 AT COST 18,688 18,658
    316773100 FIFTH THIRD BANCORP AT COST 11,126 12,630
    33739P855 FIRST TRUST INSTITUTIONAL PR AT COST 599,966 598,230
    343498101 FLOWERS FOODS INC AT COST 8,124 8,241
    35137L105 FOX CORP CLASS A AT COST 12,516 13,100
    35138V102 FOX FACTORY HOLDINGS CORP AT COST 7,531 7,995
    35909D109 FRONTIER COMMUNICATIONS PARENT AT COST 8,003 6,783
    359664109 FULGENT GENETICS INC AT COST 15,362 18,106
    361448BF9 GATX CORP SR UNSECURED 4% 06/30/2030-2030 AT COST 9,982 11,143
    3620ARHT1 GOVT NATIONAL MTGE ASSOC POOL # 737442 4% 09/15/2040 OFV 40000 AT COST 4,727 5,000
    36296UZD5 GNMA MORTGAGE POOL CTFS POOL #701940 4.5% 06/15/2039 OFV 36000 AT COST 5,278 5,807
    370334104 GENERAL MILLS INC AT COST 34,139 37,531
    372460105 GENUINE PARTS CO AT COST 50,723 72,483
    375558103 GILEAD SCIENCES INC AT COST 61,204 66,220
    381013101 GOLDEN ENTERTAINMENT INC AT COST 13,790 14,654
    38141EC23 GOLDMAN SACHS GROUP INC SR UNSECURED 3.85% 07/08/2024-2024 AT COST 25,176 26,428
    38141G104 GOLDMAN SACHS GROUP INC AT COST 16,612 22,953
    384802AD6 GRAINGER W W INC SR UNSECURED 4.2% 05/15/2047-2046 AT COST 10,327 12,367
    40412C101 HCA HOLDINGS INC AT COST 20,277 26,977
    407497106 HAMILTON LANE INC CLASS A AT COST 7,022 7,979
    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 15,000 15,381
    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 25,000 25,193
    426281101 HENRY (JACK) & ASSOCIATES COMMON AT COST 12,730 13,359
    431284108 HIGHWOODS PPTYS INC AT COST 32,133 37,723
    432748101 HILLTOP HOLDINGS INC AT COST 11,680 15,110
    436106108 HOLLYFRONTIER CORP AT COST 5,904 5,737
    437076102 HOME DEPOT INC AT COST 15,345 24,901
    438670Q79 HONOLULU HAWAII CITY & CNTY TXBL-SER G 2.512% 11/01/2022 AT COST 30,103 30,506
    438687PY5 HONOLULU CITY & CNTY HI TXBL-SER E 2.17% 07/01/2035-2030 AT COST 15,000 14,703
    438687QG3 HONOLULU CITY & CNTY HI TXBL-SER E 2.67% 07/01/2043-2030 AT COST 5,111 4,840
    438689LV1 HONOLULU HAWAII CITY & CNTY BRD OF WTR SPLY WTR SYS REVENUE TXBL- AT COST 25,779 25,559
    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
    4387012B9 HONOLULU CITY & CNTY HI HI WSTWTR SYS REVENUE TXBL REF-SER A 2.57 AT COST 15,000 15,059
    438701Y40 HONOLULU CITY & CNTY HI HI WSTWTR SYS REVENUE TXBL REF SECOND BON AT COST 20,000 20,924
    441593100 HOULIHAN LOKEY INC AT COST 13,116 13,458
    45332Y109 INARI MED INC AT COST 8,008 8,671
    457187AC6 INGREDION INC SR UNSECURED 2.9% 06/01/2030-2030 AT COST 9,983 10,301
    458140BH2 INTEL CORP SR UNSECURED 2.45% 11/15/2029-2029 AT COST 25,686 25,886
    45866FAD6 INTERCONTINENTAL EXCHANGE SR UNSECURED 3.75% 12/01/2025-2025 AT COST 15,560 16,203
    459058JF1 INTL BK RECON & DEV UNSECURED FLOAT 1.7869% 08/19/2027 AT COST 25,000 25,269
    459058JM6 INTL BK RECON & DEV SR UNSECURED .25% 11/24/2023 AT COST 14,994 14,864
    460690100 INTERPUBLIC GROUP COMPANIES AT COST 51,690 90,367
    461070AR5 INTERSTATE POWER & LIGHT SR UNSECURED 3.5% 09/30/2049-2049 AT COST 37,522 37,646
    46121Y201 INTREPID POTASH INC AT COST 7,637 6,623
    46132FAB6 INVESCO FINANCE PLC SR UNSECURED 4% 01/30/2024 AT COST 14,969 15,840
    464287804 ISHARES CORE S&P SMALL CAP ETF AT COST 141,957 743,284
    47233W109 JEFFERIES FINL GROUP INC AT COST 37,920 56,803
    478160104 JOHNSON & JOHNSON AT COST 75,897 81,087
    478160CR3 JOHNSON & JOHNSON SR UNSECURED 2.1% 09/01/2040-2040 AT COST 14,904 14,232
    482480100 KLA CORP AT COST 9,396 12,903
    48305QAC7 KAISER FOUNDATION HOSPITAL SR UNSECURED 3.15% 05/01/2027-2027 AT COST 14,968 15,976
    493267108 KEYCORP NEW AT COST 42,787 56,507
    494368BQ5 KIMBERLY CLARK CORP SR UNSECURED 2.65% 03/01/2025 AT COST 9,989 10,467
    49803T300 KITE REALTY GROUP TRUST AT COST 11,415 11,979
    500643200 KORN/FERRY INTERNATIONAL AT COST 7,035 7,194
    501242101 KULICKE & SOFFA INDS INC AT COST 11,292 12,713
    50540R409 LABORATORY CORP AMERICA HOLDINGS AT COST 24,623 26,708
    514886AC4 LANDESBANK BADEN-WURTTEMBERG SUBORDINATED 7.625% 02/01/2023 AT COST 21,590 21,405
    515098101 LANDSTAR SYS INC AT COST 14,529 17,007
    518439104 ESTEE LAUDER COMPANIES INC CL A AT COST 13,865 25,914
    52736R102 LEVI STRAUSS & CO CLASS A AT COST 4,918 7,509
    53223X107 LIFE STORAGE INC. AT COST 4,593 13,173
    534187BA6 LINCOLN NATL CORP SR UNSECURED 7% 06/15/2040 AT COST 19,786 22,923
    550241103 LUMEN TECHNOLOGIES INC. AT COST 14,831 13,429
    552676108 M D C HOLDING INC AT COST 38,032 39,918
    55277P104 MGE ENERGY INC AT COST 9,113 11,104
    552953101 MGM RESORTS INTERNATIONAL AT COST 25,139 25,806
    56501R106 MANULIFE FINANCIAL CORP AT COST 9,390 12,491
    565788106 MARATHON DIGITAL HOLDINGS INC AT COST 10,489 9,529
    565849106 MARATHON OIL CORP AT COST 9,509 20,689
    57776J100 MAXLINEAR INC AT COST 8,072 9,047
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    594918104 MICROSOFT CORP AT COST 47,492 105,941
    594918AW4 MICROSOFT CORP SR UNSECURED 3.625% 12/15/2023 AT COST 4,994 5,264
    595017104 MICROCHIP TECHNOLOGY INC AT COST 12,889 12,624
    595620AN5 MIDAMERICAN ENERGY CO SECURED 4.4% 10/15/2044-2044 AT COST 22,750 24,532
    60786M105 MOELIS & CO-CLASS A AT COST 8,669 7,501
    6174468K8 MORGAN STANLEY SR UNSECURED FLOATING RATE .74979% 01/20/2023-2022 AT COST 35,066 35,006
    637432NP6 NATIONAL RURAL UTILITIES SECURED 3.4% 02/07/2028-2027 AT COST 25,624 26,981
    64110D104 NETAPP INC AT COST 29,515 66,969
    64110L106 NETFLIX INC AT COST 7,328 12,049
    649081AA4 NEW VALLEY GENERATION IV TVA PASS THRU CERTS 4.687% 01/15/2022 OF AT COST 426 464
    65158N102 NEWMARK GROUP INC CLASS A AT COST 11,539 13,464
    65336K103 NEXSTAR MEDIA GROUP INC AT COST 9,082 9,210
    664397AM8 NORTHEAST UTILITIES SR UNSECURED 3.15% 01/15/2025-2024 AT COST 9,940 10,421
    665859AU8 NORTHERN TRUST CORP SR UNSECURED 3.15% 05/03/2029-2029 AT COST 15,000 16,161
    67000B104 NOVANTA INC AT COST 14,401 16,222
    670346105 NUCOR CORP AT COST 15,429 18,264
    67059N108 NUTANIX INC. AT COST 7,208 6,053
    67066G104 NVIDIA CORP AT COST 2,984 24,999
    67077M108 NUTRIEN LTD AT COST 61,164 82,795
    67077MAV0 NUTRIEN LTD SR UNSECURED 1.9% 05/13/2023 AT COST 9,995 10,129
    67103X102 OFG BANCORP AT COST 7,702 7,570
    679580100 OLD DOMINION FREIGHT LINE INC AT COST 9,183 25,087
    680223104 OLD REPUBLIC INTERNATIONAL CORP AT COST 50,801 58,451
    681919106 OMNICOM GROUP AT COST 74,886 72,098
    68213N109 OMNICELL INC AT COST 13,149 15,337
    682680103 ONEOK INC AT COST 27,235 29,027
    68268W103 ONEMAIN HOLDINGS INC AT COST 38,661 32,426
    6903534J3 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 3.38% 09/15/2025-20 AT COST 19,737 19,737
    69327R101 PDC ENERGY INC AT COST 5,404 6,341
    695114CL0 PACIFICORP SECURED 6% 01/15/2039 AT COST 14,549 13,717
    713448CT3 PEPSICO INC SR UNSECURED 2.75% 04/30/2025-2025 AT COST 9,984 10,468
    71375U101 PERFICIENT INC AT COST 9,267 16,937
    714046109 PERKINELMER INC AT COST 18,846 28,148
    717081103 PFIZER INC AT COST 19,673 28,049
    717081EP4 PFIZER INC SR UNSECURED 3.6% 09/15/2028-2028 AT COST 5,524 5,567
    733174700 POPULAR INC AT COST 7,138 7,384
    736508847 PORTLAND GENERAL ELECTRIC CORP AT COST 28,823 35,668
    739276103 POWER INTERGRATIONS INC AT COST 7,587 7,153
    742651DR0 PRIVATE EXPORT FUNDING SECURED SER II 2.05% 11/15/2022 AT COST 25,451 25,341
    742651DW9 PRIVATE EXPORT FUNDING SECURED 3.25% 06/15/2025 AT COST 20,724 21,184
    74456QBZ8 PUB SVC ELEC & GAS SECURED 3.85% 05/01/2049-2048 AT COST 11,417 11,718
    74460D109 PUBLIC STORAGE INC COMMON AT COST 13,601 14,982
    74727A104 QCR HOLDINGS INC AT COST 15,397 16,520
    74825QAA8 QUEENS HEALTH SYSTEMS SECURED 4.464% 07/01/2045 OFV 10000 AT COST 10,000 11,848
    75513EAD3 RAYTHEON TECHNOLOGIES CORP SR UNSECURED 2.25% 07/01/2030-2030 AT COST 24,992 24,956
    75574U101 READY CAPITAL CORP AT COST 10,581 11,410
    75886F107 REGENERON PHARMACEUTICALS INC AT COST 12,141 13,893
    7591EP100 REGIONS FINANCIAL CORP AT COST 45,991 46,042
    760759100 REPUBLIC SERVICES INC AT COST 22,097 25,101
    76122Q105 RESOURCES CONNECTION INC AT COST 7,312 7,493
    778296AA1 ROSS STORES INC SR UNSECURED 3.375% 09/15/2024-2024 AT COST 4,999 5,244
    78016EZT7 ROYAL BANK OF CANADA SR UNSECURED 1.15% 07/14/2026 AT COST 25,052 24,468
    78355HKF5 RYDER SYSTEM INC SR UNSECURED 2.5% 09/01/2022-2022 AT COST 10,046 10,109
    78462F103 SPDR S&P 500 ETF TRUST AT COST 520,645 1,657,610
    78486Q101 SVB FINANCIAL GROUP AT COST 7,683 23,738
    800677106 SANGAMO BIOSCIENCES INC AT COST 8,012 6,862
    833034101 SNAP ON INC AT COST 37,776 37,907
    85254J102 STAG INDUSTRIAL INC AT COST 19,152 31,701
    853666105 STANDARD MOTOR PRODUCTS INC AT COST 7,770 7,859
    85472N109 STANTEC INC AT COST 7,976 8,156
    855244AN9 STARBUCKS CORP SR UNSECURED 3.1% 03/01/2023-2023 AT COST 4,999 5,119
    857477BF9 STATE STREET CORP SUBORDINATED 3.031% 11/01/2034-2029 AT COST 20,602 20,846
    868459108 SUPERNUS PHARMACEUTICALS INC. AT COST 7,535 7,436
    87165B103 SYNCHRONY FINANCIAL AT COST 11,958 11,597
    872590104 T-MOBILE US INC AT COST 9,571 10,438
    87612E106 TARGET CORP AT COST 21,860 52,074
    880591CS9 TENNESSEE VALLEY AUTH BONDS 5.88% 04/01/2036 AT COST 28,277 36,505
    880591EN8 TENNESSEE VALLEY AUTH UNSECURED 1.875% 08/15/2022 AT COST 29,996 30,298
    880591EP3 TENNESSEE VALLEY AUTH SR UNSECURED 3.5% 12/15/2042 AT COST 109,244 118,926
    88160R101 TESLA INC. AT COST 20,184 36,987
    882508104 TEXAS INSTRUMENTS INC AT COST 37,031 71,995
    883203101 TEXTRON INC AT COST 11,762 12,738
    883556CL4 THERMO FISHER SCIENTIFIC INC SR UNSECURED 2% 10/15/2031-2031 AT COST 24,639 24,662
    89114R5B8 TORONTO-DOMINION BANK SR UNSECURED 2.375% 11/08/2027-2023 AT COST 15,344 15,085
    89153VAL3 TOTAL CAPITAL INTL SA SR UNSECURED 3.75% 04/10/2024 AT COST 25,169 26,535
    89236TJK2 TOYOTA MOTOR CREDIT CORP SR UNSECURED 1.125% 06/18/2026 AT COST 14,994 14,781
    89346D107 TRANSALTA CORP AT COST 11,569 11,342
    902494103 TYSON FOODS INC CL A AT COST 21,571 25,276
    90376PBA8 INT DEVELOPMENT FIN CORP SR UNSECURED FLOAT .3% 08/13/2027 AT COST 50,000 50,000
    90376PBG5 INT DEVELOPMENT FIN CORP SR UNSECURED FLOAT 3.38% 06/20/2028 OFV 4 AT COST 45,000 45,000
    90384S303 ULTA BEAUTY INC AT COST 11,314 12,370
    907818EB0 UNION PACIFIC CORP SR UNSECURED 3.375% 02/01/2035-2034 AT COST 10,327 10,945
    91159HHM5 US BANCORP SUBORDINATED 3.1% 04/27/2026-2026 AT COST 10,012 10,573
    912810QA9 US TREASURY BONDS 3.5% 02/15/2039 AT COST 53,840 62,885
    912810RJ9 US TREASURY BONDS 3% 11/15/2044 AT COST 65,212 71,806
    912828D56 US TREASURY NOTES 2.375% 08/15/2024 AT COST 20,170 20,771
    912828VB3 US TREASURY NOTES 1.75% 05/15/2023 AT COST 24,993 25,413
    912828VS6 US TREASURY NOTES 2.5% 08/15/2023 AT COST 120,750 123,600
    912828Z94 US TREASURY NOTES 1.5% 02/15/2030 AT COST 66,087 65,398
    91282CCF6 US TREASURY NOTES .75% 05/31/2026 AT COST 35,075 34,300
    91307C102 UNITED THERAPEUTICS CORP AT COST 15,922 17,286
    91324P102 UNITEDHEALTH GROUP INC AT COST 15,598 25,107
    91428LLZ7 UNIV OF HAWAII REVENUE TXBL-REF-SER G 2.95% 10/01/2024 AT COST 5,000 5,227
    91428LNM4 UNIV OF HAWAII REVENUE TXBL-REF-SER C 2.372% 10/01/2032-2030 AT COST 5,000 5,010
    917286205 URSTADT BIDDLE CLASS A AT COST 10,097 12,247
    922042775 VANGUARD FTSE ALL-WORLD EX-US INDEX FD AT COST 996,407 1,219,104
    922475108 VEEVA SYSTEMS INC CLASS A AT COST 3,541 11,497
    92343V104 VERIZON COMMUNICATIONS AT COST 9,995 9,613
    92343VFT6 VERIZON COMMUNICATIONS SR UNSECURED 2.65% 11/20/2040-2040 AT COST 10,052 9,530
    92826CAF9 VISA INC SR UNSECURED 4.3% 12/14/2045-2045 AT COST 24,262 25,249
    928563402 VMWARE INC CL A AT COST 6,032 6,026
    931427108 WALGREENS BOOTS ALLIANCE INC. AT COST 36,580 40,476
    942749102 WATTS WATER TECHNOLOGIES INC A AT COST 7,332 8,349
    949746SJ1 WELLS FARGO COMPANY SR UNSECURED FLT RT FLOATING RATE 4.03586% 10 AT COST 15,011 15,119
    955306105 WEST PHARMACEUTICAL SERVICES AT COST 11,877 25,326
    962166104 WEYERHAEUSER CO AT COST 11,521 12,354
    963320106 WHIRLPOOL CORP AT COST 48,130 76,499
    98138H101 WORKDAY INC CLASS A AT COST 12,527 12,293
    983919101 XILINX INC COM AT COST 19,188 26,504
    98401F105 XENCOR INC AT COST 15,020 15,647
    G0684D107 ATHENE HOLDING LTD CLASS A AT COST 12,711 12,916
    G1151C101 ACCENTURE PLC CL A AT COST 22,382 24,873
    G16962105 BUNGE LIMITED AT COST 20,544 26,141
    G3223R108 EVEREST RE GROUP LTD AT COST 40,359 46,018
    G7S00T104 PENTAIR PLC AT COST 12,606 11,685
    G81276100 SIGNET JEWELERS LTD AT COST 14,880 14,795
    H84989104 TE CONNECTIVITY LTD AT COST 19,003 25,008
    N53745100 LYONDELLBASELL INDUSTRIES NV CL A AT COST 36,731 35,877
    Y1968P121 DANAOS CORP AT COST 1,265 7,092
    55336V100 MPLX LP AT COST 41,484 58,647

    TY 2021 OtherDecreasesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Description Amount
    PARTNERSHIP NONDEDUCTIBLE EXP 3
    BASIS ADJS - FREE RECEIPT/DELIVERY 109


    TY 2021 OtherExpensesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DCCA ANNUAL REPORT 6 0   6
    MPLX LP K-1 LOSS 4,239 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2020 HAWAII TAX REFUND 320 320 320
    ENTERPRISE PRODUCTS PARTNERS LP K-1 331 331 331
    990T 2019 REFUNDS 58   58


    TY 2021 OtherIncreasesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Description Amount
    BOOK/TAX ADJ ENTERPRISE LP K-1 635


    TY 2021 OtherLiabilitiesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Description Beginning of Year - Book Value End of Year - Book Value
    XXX-XX-XXXX ENTERPRISE PRODUCTS PRTNS LP 1141 SHS 694 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 53,956 53,956   0
    BOH MANAGEMENT FEE 60,304 30,152   30,152


    TY 2021 TaxesSchedule
    Name:
    ROBERT F LANGE FOUNDATION
    EIN:
    23-7241511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 730 730   0
    2021 HI STATE ESTIMATED TAX PAYMENT 320 0   0
    N-70NP EXTENSION PAYMENT 250 0   0
    2019 990-T 48 0   0