TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 04-01-2021 , and ending 03-31-2022

Name of foundation
LARRY AND BEATRICE CHING FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)2050 OKIKA PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96822

A Employer identification number

99-6003722

B Telephone number (see instructions)

(808) 946-8183

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,340,169J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	2		2
4	Dividends and interest from securities...	17,999		17,999
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		139,918
b	Gross sales price for all assets on line 6a 281,972
7	Capital gain net income (from Part IV, line 2)...			139,918
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).......
12	Total. Add lines 1 through 11........	157,919		157,919
13	Compensation of officers, directors, trustees, etc.	14,714		11,035	3,679
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		523	262	261
c	Other professional fees (attach schedule)....		24,363	24,363	0
17	Interest...............	3		0	0
18	Taxes (attach schedule) (see instructions)...		935	935	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		221	0	12
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	40,759		36,595	3,952
25	Contributions, gifts, grants paid.......	53,450			53,450
26	Total expenses and disbursements. Add lines 24 and 25	94,209		36,595	57,402
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	63,710
b	Net investment income (if negative, enter -0-)			121,324
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	9,238	4,134	4,134
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	700,804	767,435	1,319,323
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	16,724	16,712	16,712
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	726,766	788,281	1,340,169
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	726,766	788,281
	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).....	726,766	788,281
	30	Total liabilities and net assets/fund balances (see instructions).	726,766	788,281

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

726,766

Enter amount from Part I, line 27a .....................

63,710

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

790,476

Decreases not included in line 2 (itemize) bullet

2,195

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

788,281

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	36SH ACTIVISION BLIZZARD INC	P	2019-09-27	2021-04-07
b	6SH ALLIANT ENERGY CORP	P	2020-11-24	2021-04-20
c	6SH EVERGY INC COM	P	2020-10-12	2021-04-20
d	6SH EVERGY INC COM	P	2021-01-07	2021-04-20
e	4SH EVERGY INC COM	P	2021-02-09	2021-04-20
	32SH TYSON FOODS INC CL A	P	2020-07-09	2021-04-30
	19SH TYSON FOODS INC CL A	P	2020-07-28	2021-04-30
	10SH TYSON FOODS INC CL A	P	2020-09-01	2021-04-30
	16SH TYSON FOODS INC CL A	P	2020-11-03	2021-04-30
	16SH SEAGATE TECHNOLOGY PLC	P	2020-07-08	2021-05-05
	1SH SEAGATE TECHNOLOGY PLC	P	2021-02-09	2021-05-05
	24SH SEAGATE TECHNOLOGY PLC	P	2019-08-01	2021-05-05
	8SH PINNACLE WEST CAPITAL CORP	P	2020-10-13	2021-05-10
	7SH CHENIERE ENERGY INC	P	2016-11-07	2021-05-14
	1SH CHENIERE ENERGY INC	P	2019-05-03	2021-05-14
	8SH CHENIERE ENERGY INC	P	2020-03-10	2021-05-14
	1SH HESS CORPORATION	P	2016-11-04	2021-05-14
	5SH HESS CORPORATION	P	2017-06-15	2021-05-14
	3SH HESS CORPORATION	P	2020-03-10	2021-05-14
	58SH BRISTOL MYERS SQUIBB CO	P	2019-06-24	2021-06-04
	20SH BRISTOL MYERS SQUIBB CO	P	2020-03-24	2021-06-04
	12SH ORACLE CORP	P	2020-01-29	2021-06-04
	3SH ADVANCE AUTO PARTS	P	2019-05-23	2021-06-09
	4SH AMDOCS LIMITED ORD	P	2020-03-18	2021-06-09
	21SH AMER INTL GP INC NEW	P	2017-12-15	2021-06-09
	4SH CHENIERE ENERGY INC	P	2016-11-07	2021-06-09
	4SH HESS CORPORATION	P	2020-03-10	2021-06-09
	25SH AMDOCS LIMITED ORD	P	2020-03-18	2021-06-28
	13SH AMDOCS LIMITED ORD	P	2020-03-18	2021-06-29
	18SH AMDOCS LIMITED ORD	P	2020-03-24	2021-06-29
	12SH COMCAST CORP (NEW) CLASS A	P	2020-01-24	2021-07-12
	12SH NORTONLIFELOCK INC	P	2019-11-14	2021-07-15
	4SH ORACLE CORP	P	2016-06-02	2021-07-15
	9SH ORACLE CORP	P	2020-01-29	2021-07-15
	6SH CHEVRON CORP	P	2020-09-17	2021-07-22
	36SH CHEVRON CORP	P	2017-07-13	2021-07-22
	2SH CHEVRON CORP	P	2017-07-14	2021-07-22
	6SH CHEVRON CORP	P	2020-02-18	2021-07-22
	1SH AON PLC CL A	P	2009-12-04	2021-07-27
	2SH AON PLC CL A	P	2015-09-01	2021-07-27
	4SH DISCOVER FINCL SVCS	P	2015-02-05	2021-08-05
	7SH DISCOVER FINCL SVCS	P	2015-02-06	2021-08-05
	11SH PINNACLE WEST CAPITAL CORP	P	2020-10-13	2021-08-06
	1SH ADVANCE AUTO PARTS	P	2019-05-23	2021-08-23
	1SH ADVANCE AUTO PARTS	P	2019-06-07	2021-08-23
	26SH BANK OF AMERICA CORP	P	2015-03-20	2021-08-23
	80SH BANK OF AMERICA CORP	P	2015-04-14	2021-08-23
	5SH COCA COLA CO	P	2017-04-28	2021-08-23
	5SH DISCOVER FINCL SVCS	P	2015-02-05	2021-08-23
	15SH GLAXOSMITHKLINE PLC ADR	P	2016-08-03	2021-08-23
	4SH QUEST DIAGNOSTICS INC	P	2021-02-09	2021-08-23
	6SH QUEST DIAGNOSTICS INC	P	2020-03-11	2021-08-23
	2SH ALLIANT ENERGY CORP	P	2020-11-24	2021-08-26
	12SH ALLIANT ENERGY CORP	P	2020-12-07	2021-08-26
	8SH EVERGY INC COM	P	2020-08-27	2021-08-26
	6SH EVERGY INC COM	P	2020-10-12	2021-08-26
	11SH NVENT ELECTRIC PLC	P	2021-02-19	2021-08-30
	26SH COMCAST CORP (NEW) CLASS A	P	2020-01-24	2021-09-24
	2SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2021-01-07	2021-10-06
	66SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2021-02-09	2021-10-06
	72SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2020-02-06	2021-10-06
	11SH HESS CORPORATION	P	2020-08-28	2021-10-12
	1SH HESS CORPORATION	P	2020-09-10	2021-10-12
	1SH ADVANCE AUTO PARTS	P	2019-06-03	2021-10-28
	4SH ADVANCE AUTO PARTS	P	2019-06-07	2021-10-28
	0.8SH KYNDRYL HOLDINGS INC	P	2021-06-08	2021-11-04
	2SH ADVANCE AUTO PARTS	P	2017-03-20	2021-11-15
	3SH ADVANCE AUTO PARTS	P	2019-06-03	2021-11-15
	1SH ADVANCE AUTO PARTS	P	2021-02-09	2021-11-16
	3SH ADVANCE AUTO PARTS	P	2017-03-20	2021-11-16
	3SH ADVANCE AUTO PARTS	P	2017-04-18	2021-11-16
	9SH ADVANCE AUTO PARTS	P	2018-01-23	2021-11-16
	15SH MELLANOX TECH LTD	P	2019-04-10	2021-11-19
	8SH MELLANOX TECH LTD	P	2019-05-21	2021-11-19
	24SH NVENT ELECTRIC PLC	P	2020-10-20	2021-12-07
	43SH GLAXOSMITHKLINE PLC ADR	P	2016-05-10	2021-12-16
	9SH GLAXOSMITHKLINE PLC ADR	P	2016-05-11	2021-12-16
	8SH GLAXOSMITHKLINE PLC ADR	P	2016-09-12	2021-12-16
	1SH AON PLC CL A	P	2009-12-03	2021-12-22
	2SH AON PLC CL A	P	2009-12-04	2021-12-22
	2.6SH KYNDRYL HOLDINGS INC	P	2021-06-08	2021-12-22
	2.4SH KYNDRYL HOLDINGS INC	P	2021-07-20	2021-12-22
	4SH QUEST DIAGNOSTICS INC	P	2019-03-28	2021-12-22
	2SH QUEST DIAGNOSTICS INC	P	2019-03-29	2021-12-22
	2SH QUEST DIAGNOSTICS INC	P	2020-03-11	2021-12-22
	52SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2021-04-07	2021-12-22
	62SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2020-01-24	2021-12-22
	5SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2020-01-24	2021-12-23
	80SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2020-01-27	2021-12-23
	46SH TAKEDA PHARMACEUTCL CO LTD ADR	P	2020-10-14	2021-12-23
	55SH ACTIVISION BLIZZARD INC	P	2021-11-17	2022-01-18
	16SH ACTIVISION BLIZZARD INC	P	2021-11-18	2022-01-18
	7SH GLAXOSMITHKLINE PLC ADR	P	2016-05-11	2022-01-18
	16SH GLAXOSMITHKLINE PLC ADR	P	2016-05-12	2022-01-18
	17SH GLAXOSMITHKLINE PLC ADR	P	2016-06-10	2022-01-18
	2SH GLAXOSMITHKLINE PLC ADR	P	2017-09-14	2022-01-18
	25SH GLAXOSMITHKLINE PLC ADR	P	2021-02-09	2022-01-19
	30SH GLAXOSMITHKLINE PLC ADR	P	2017-09-14	2022-01-19
	18SH GLAXOSMITHKLINE PLC ADR	P	2020-10-14	2022-01-19
	23SH GLAXOSMITHKLINE PLC ADR	P	2020-10-27	2022-01-19
	7SH GLAXOSMITHKLINE PLC ADR	P	2021-01-07	2022-01-19
	21SH BAKER HUGHES COMPANY CL A	P	2021-02-09	2022-01-26
	10SH BAKER HUGHES COMPANY CL A	P	2021-03-25	2022-01-26
	9SH EVERGY INC COM	P	2020-08-27	2022-01-27
	31SH EVERGY INC COM	P	2020-08-27	2022-01-27
	13SH EVERGY INC COM	P	2020-09-03	2022-01-27
	12SH EVERGY INC COM	P	2020-09-04	2022-01-27
	17SH BHP GROUP PLC ADR	P	2020-10-13	2022-01-28
	3SH VERTEX PHARMACEUTICALS	P	2021-02-23	2022-02-01
	11SH ABBVIE INC COM	P	2021-08-24	2022-02-02
	60SH FIRST HORIZON CORPORATION	P	2017-08-09	2022-02-28
	148SH FIRST HORIZON CORPORATION	P	2017-08-09	2022-02-28
	16SH FIRST HORIZON CORPORATION	P	2019-02-19	2022-02-28
	17SH FIRST HORIZON CORPORATION	P	2017-07-27	2022-02-28
	16SH FIRST HORIZON CORPORATION	P	2019-04-20	2022-02-28
	9SH FIRST HORIZON CORPORATION	P	2019-11-29	2022-02-28
	77SH FIRST HORIZON CORPORATION	P	2020-06-05	2022-02-28
	4SH GENL DYNAMICS CORP	P	2020-02-27	2022-03-08
	27SH ASTRAZENECA PLC ADR	P	2022-01-19	2022-03-14
	13SH ASTRAZENECA PLC ADR	P	2022-02-02	2022-03-14
	46SH BAKER HUGHES COMPANY CL A	P	2021-01-28	2022-03-14
	3SH SPLUNK INC	P	2016-12-05	2021-04-30
	1SH S&P GLOBAL INC COM	P	2017-07-17	2021-05-05
	1SH S&P GLOBAL INC COM	P	2017-08-09	2021-05-05
	1SH S&P GLOBAL INC COM	P	2017-07-17	2021-05-07
	1SH S&P GLOBAL INC COM	P	2017-08-11	2021-05-07
	2SH SPLUNK INC	P	2015-09-28	2021-05-11
	1SH SPLUNK INC	P	2016-12-05	2021-05-11
	1SH ALPHABET INC CL C	P	2014-05-02	2021-05-18
	1SH FACEBOOK INC CL-A	P	2014-12-02	2021-05-18
	1SH FACEBOOK INC CL-A	P	2015-02-06	2021-05-18
	3SH SPLUNK INC	P	2015-09-28	2021-05-25
	2SH SPLUNK INC	P	2015-12-21	2021-05-25
	2SH EQUINIX INC	P	2013-04-26	2021-06-16
	1SH EQUINIX INC	P	2013-05-29	2021-06-21
	4SH SPLUNK INC	P	2015-12-21	2021-06-22
	5SH SPLUNK INC	P	2015-12-21	2021-06-30
	1SH SPLUNK INC	P	2016-01-12	2021-06-30
	18SH TRADE DESK INC CLASS A	P	2019-09-24	2021-06-30
	1SH EQUINIX INC	P	2012-11-06	2021-07-16
	13SH TRADE DESK INC CLASS A	P	2019-09-24	2021-07-26
	2SH ASML HOLDING NV NY REG NEW	P	2020-03-19	2021-09-14
	4SH SERVICENOW INC	P	2014-12-02	2021-09-22
	2SH SPLUNK INC	P	2016-01-12	2021-10-13
	2SH SPLUNK INC	P	2016-01-27	2021-10-13
	3SH SPLUNK INC	P	2016-01-27	2021-10-14
	2SH SPLUNK INC	P	2016-01-27	2021-10-19
	2SH PAYPAL HLDGS INC COM	P	2016-12-16	2021-10-21
	3SH SPLUNK INC	P	2016-01-27	2021-10-21
	2SH NVIDIA CORPORATION	P	2018-08-17	2021-11-05
	4SH NVIDIA CORPORATION	P	2018-08-20	2021-11-05
	5SH NVIDIA CORPORATION	P	2018-08-17	2021-11-08
	4SH NVIDIA CORPORATION	P	2018-08-17	2021-11-09
	1SH SPLUNK INC	P	2014-05-07	2021-11-09
	1SH SPLUNK INC	P	2016-01-27	2021-11-09
	11SH TRADE DESK INC CLASS A	P	2019-09-24	2021-11-16
	1SH SPLUNK INC	P	2014-05-07	2021-12-03
	2SH SPLUNK INC	P	2014-05-30	2021-12-03
	4SH SPLUNK INC	P	2014-06-03	2021-12-03
	4SH SPLUNK INC	P	2014-08-20	2021-12-03
	1SH ADOBE INC	P	2016-05-11	2021-12-10
	4SH ADOBE INC	P	2016-06-22	2021-12-10
	2SH ALIGN TECHNOLOGY	P	2018-07-27	2021-12-10
	7SH AMERICAN TOWER CORP	P	2013-12-30	2021-12-10
	1SH ASML HOLDING NV NY REG NEW	P	2019-08-14	2021-12-10
	12SH CHARLES SCHWAB NEW	P	2011-04-06	2021-12-10
	2SH COSTCO WHOLESALE CORP NEW	P	2008-07-15	2021-12-10
	3SH HOME DEPOT INC	P	2017-11-16	2021-12-10
	7SH IHS MARKIT LTD	P	2019-03-26	2021-12-10
	2SH IHS MARKIT LTD	P	2020-03-11	2021-12-10
	3SH MASTERCARD INC CL A	P	2017-01-23	2021-12-10
	5SH META PLATFORMS INC CL A	P	2015-02-02	2021-12-10
	3SH NVIDIA CORPORATION	P	2018-05-15	2021-12-10
	5SH NVIDIA CORPORATION	P	2018-08-17	2021-12-10
	6SH PAYPAL HLDGS INC COM	P	2016-10-13	2021-12-10
	1SH PAYPAL HLDGS INC COM	P	2016-12-16	2021-12-10
	1SH S&P GLOBAL INC COM	P	2017-06-16	2021-12-10
	1SH S&P GLOBAL INC COM	P	2017-08-11	2021-12-10
	7SH SALESFORCE.COM INC.	P	2013-12-30	2021-12-10
	3SH SERVICENOW INC	P	2014-04-03	2021-12-10
	10SH TRADE DESK INC CLASS A	P	2019-09-24	2021-12-10
	10SH TRANSUNION	P	2018-02-16	2021-12-10
	8SH VISA INC CL A	P	2009-10-28	2021-12-10
	4SH ZOETIS INC CLASS-A	P	2017-06-06	2021-12-10
	3SH ZOETIS INC CLASS-A	P	2017-10-26	2021-12-10
	1SH ADOBE INC	P	2016-04-29	2022-03-17
	2SH ADOBE INC	P	2016-06-22	2022-03-17
	2SH ADOBE INC	P	2016-06-22	2022-03-09
	3SH ALPHABET INC CL C	P	2014-05-02	2022-03-04
	1SH EQUINIX INC	P	2013-08-01	2022-03-09
	1SH EQUINIX INC	P	2013-10-10	2022-03-09
	7SH EQUINIX INC	P	2013-12-30	2022-03-09
	8SH EQUINIX INC	P	2013-08-01	2022-02-17
	1SH ILLUMINA INC	P	2014-08-05	2022-01-12
	1SH ILLUMINA INC	P	2014-10-08	2022-01-12
	1SH ILLUMINA INC	P	2015-09-28	2022-01-12
	0.272SH ILLUMINA INC	P	2015-10-01	2022-01-12
	1SH ILLUMINA INC	P	2015-10-29	2022-01-12
	2SH ILLUMINA INC	P	2016-04-22	2022-01-12
	1SH META PLATFORMS INC CL A	P	2014-10-10	2022-03-09
	3SH META PLATFORMS INC CL A	P	2015-02-02	2022-03-09
	5SH NVIDIA CORPORATION	P	2018-05-15	2022-02-16
	1SH NVIDIA CORPORATION	P	2018-05-21	2022-02-16
	2SH S&P GLOBAL INC COM	P	2018-07-30	2022-02-28
	2SH TRADE DESK INC CLASS A	P	2019-09-24	2022-02-08
	1SH TRADE DESK INC CLASS A	P	2019-09-24	2022-02-03
	0.9SH ORGANON & CO	P	2014-06-11	2021-06-03
	37SH APPLE INC	P	2012-07-25	2021-07-21
	12SH VISA INC CL A	P	2012-04-13	2021-07-22
	22SH VISA INC CL A	P	2012-08-16	2021-07-22
	3SH ORGANON & CO	P	2014-06-11	2021-08-25
	3SH CISCO SYSTEMS INC	P	2012-08-01	2021-11-11
	80SH CISCO SYSTEMS INC	P	2018-10-01	2021-11-11
	148SH INTEL CORP	P	2008-01-29	2021-11-11
	16SH UNITEDHEALTH GROUP INC	P	2020-05-27	2021-11-11
	32SH VISA INC CL A	P	2012-08-16	2021-11-11
	17SH STARBUCKS CORP	P	2020-02-18	2021-11-12
	35SH STARBUCKS CORP	P	2020-05-08	2021-11-12
	33SH WALT DISNEY CO (HOLDING	P	2020-03-11	2021-11-12
	26SH WALT DISNEY CO (HOLDING	P	2020-05-07	2021-11-12
	7SH ADOBE INC. (DELAWARE)	P	2018-10-01	2021-12-09
	27SH APPLE INC	P	2012-07-25	2021-12-09
	5SH ASML HLDG NV SPON ADR	P	2017-04-21	2021-12-09
	7SH COSTCO WHOLESALE CORP	P	2017-10-12	2021-12-09
	67SH FREEPORT-MCMORAN INC	P	2018-06-27	2021-12-09
	50SH LOREAL CO ADR FRANCE ADR	P	2012-04-05	2021-12-09
	17SH LVMH MOET HENNESSY LOUIS	P	2012-08-10	2021-12-09
	13SH MICROSOFT CORP	P	2008-03-17	2021-12-09
	65SH TENCENT HLDGS LTD ADR	P	2017-04-19	2021-12-09
	13SH EXXON MOBIL CORP	P	2012-07-25	2021-12-16
	30SH EXXON MOBIL CORP	P	2017-06-09	2021-12-16
	60SH WALMART INC	P	2016-05-06	2021-12-16

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,483	1,883	1,600
b	345	320	25
c	386	321	65
d	386	322	64
e	257	218	39
	2,477	1,787	690
	1,471	1,158	313
	774	624	150
	1,238	920	318
	1,414	740	674
	88	72	16
	2,121	1,111	1,010
	699	646	53
	587	262	325
	84	65	19
	670	319	351
	84	47	37
	421	220	201
	253	116	137
	3,775	2,669	1,106
	1,302	983	319
	998	642	356
	590	485	105
	321	199	122
	1,096	1,248	-152
	353	150	203
	356	155	201
	1,952	1,245	707
	1,008	647	361
	1,396	874	522
	697	532	165
	311	294	17
	347	153	194
	781	481	300
	591	470	121
	3,546	3,749	-203
	197	209	-12
	591	661	-70
	259	49	210
	518	182	336
	508	230	278
	890	411	479
	888	888	0
	208	162	46
	208	156	52
	1,066	413	653
	3,280	1,264	2,016
	283	215	68
	643	288	355
	623	676	-53
	603	489	114
	904	596	308
	121	107	14
	724	637	87
	551	423	128
	413	321	92
	382	272	110
	1,460	1,152	308
	28	36	-8
	938	1,170	-232
	1,023	1,461	-438
	1,001	514	487
	91	46	45
	223	153	70
	893	625	268
	16	25	-9
	483	305	178
	725	459	266
	235	161	74
	705	458	247
	705	423	282
	2,116	1,070	1,046
	1,406	1,782	-376
	750	892	-142
	901	468	433
	1,882	1,847	35
	394	382	12
	350	346	4
	294	49	245
	588	98	490
	48	82	-34
	45	70	-25
	672	355	317
	336	179	157
	336	199	137
	714	900	-186
	851	1,230	-379
	69	99	-30
	1,098	1,578	-480
	631	801	-170
	4,590	3,557	1,033
	1,335	986	349
	327	297	30
	748	678	70
	795	698	97
	94	81	13
	1,143	893	250
	1,372	1,210	162
	823	674	149
	1,052	818	234
	320	266	54
	579	472	107
	276	215	61
	569	476	93
	1,978	1,639	339
	822	678	144
	759	625	134
	1,088	724	364
	732	646	86
	1,524	1,313	211
	1,424	1,059	365
	3,494	2,611	883
	380	250	130
	401	368	33
	378	309	69
	212	184	28
	1,828	884	944
	942	673	269
	1,630	1,610	20
	785	768	17
	1,688	950	738
	379	169	210
	394	150	244
	394	150	244
	390	150	240
	390	149	241
	238	108	130
	119	56	63
	2,311	527	1,784
	312	75	237
	312	75	237
	356	163	193
	237	108	129
	1,616	418	1,198
	824	205	619
	549	215	334
	723	269	454
	145	52	93
	1,401	349	1,052
	834	182	652
	1,052	252	800
	1,775	435	1,340
	2,648	246	2,402
	321	105	216
	321	95	226
	500	143	357
	331	95	236
	487	79	408
	506	143	363
	600	123	477
	1,199	250	949
	1,541	307	1,234
	1,215	246	969
	173	46	127
	173	48	125
	1,197	213	984
	113	46	67
	225	83	142
	451	161	290
	451	172	279
	653	96	557
	2,613	380	2,233
	1,338	715	623
	1,908	556	1,352
	780	209	571
	970	224	746
	1,117	140	977
	1,246	501	745
	929	374	555
	265	120	145
	1,049	329	720
	1,650	372	1,278
	901	184	717
	1,502	307	1,195
	1,130	235	895
	188	40	148
	473	149	324
	473	149	324
	1,862	378	1,484
	1,938	171	1,767
	942	194	748
	1,164	586	578
	1,706	155	1,551
	926	252	674
	694	192	502
	874	188	686
	437	95	342
	902	190	712
	2,635	527	2,108
	711	177	534
	2,133	496	1,637
	3,555	861	2,694
	692	177	515
	417	161	256
	835	316	519
	835	336	499
	1,252	472	780
	417	148	269
	417	144	273
	196	74	122
	391	149	242
	258	61	197
	258	61	197
	102	51	51
	608	155	453
	464	136	328
	30	25	5
	5,357	761	4,596
	2,929	370	2,559
	5,369	717	4,652
	100	84	16
	170	48	122
	4,539	3,922	617
	7,486	3,037	4,449
	7,304	4,822	2,482
	6,733	1,044	5,689
	1,891	1,526	365
	3,894	2,721	1,173
	5,257	3,497	1,760
	4,141	2,720	1,421
	4,449	1,933	2,516
	4,719	555	4,164
	3,863	654	3,209
	3,674	1,104	2,570
	2,566	1,139	1,427
	4,719	1,200	3,519
	2,723	564	2,159
	4,325	371	3,954
	3,856	1,932	1,924
	794	1,108	-314
	1,833	2,461	-628
	8,629	4,095	4,534

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			1,600
b			25
c			65
d			64
e			39
			690
			313
			150
			318
			674
			16
			1,010
			53
			325
			19
			351
			37
			201
			137
			1,106
			319
			356
			105
			122
			-152
			203
			201
			707
			361
			522
			165
			17
			194
			300
			121
			-203
			-12
			-70
			210
			336
			278
			479
			0
			46
			52
			653
			2,016
			68
			355
			-53
			114
			308
			14
			87
			128
			92
			110
			308
			-8
			-232
			-438
			487
			45
			70
			268
			-9
			178
			266
			74
			247
			282
			1,046
			-376
			-142
			433
			35
			12
			4
			245
			490
			-34
			-25
			317
			157
			137
			-186
			-379
			-30
			-480
			-170
			1,033
			349
			30
			70
			97
			13
			250
			162
			149
			234
			54
			107
			61
			93
			339
			144
			134
			364
			86
			211
			365
			883
			130
			33
			69
			28
			944
			269
			20
			17
			738
			210
			244
			244
			240
			241
			130
			63
			1,784
			237
			237
			193
			129
			1,198
			619
			334
			454
			93
			1,052
			652
			800
			1,340
			2,402
			216
			226
			357
			236
			408
			363
			477
			949
			1,234
			969
			127
			125
			984
			67
			142
			290
			279
			557
			2,233
			623
			1,352
			571
			746
			977
			745
			555
			145
			720
			1,278
			717
			1,195
			895
			148
			324
			324
			1,484
			1,767
			748
			578
			1,551
			674
			502
			686
			342
			712
			2,108
			534
			1,637
			2,694
			515
			256
			519
			499
			780
			269
			273
			122
			242
			197
			197
			51
			453
			328
			5
			4,596
			2,559
			4,652
			16
			122
			617
			4,449
			2,482
			5,689
			365
			1,173
			1,760
			1,421
			2,516
			4,164
			3,209
			2,570
			1,427
			3,519
			2,159
			3,954
			1,924
			-314
			-628
			4,534

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	139,918
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 ...................		3

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 and enter “N/A" on line 1.
	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	1,686
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	1,686
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,040
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,506
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,546
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	860
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax860	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

THALIA CHOY Telephone no. bullet

(808) 946-8183

Located at bullet

2050 OKIKA PLACEHONOLULUHI ZIP+4 bullet

96822

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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-)
THALIA CHOY	PRESIDENT/DIRECTOR 1.00	14,714
2050 OKIKA PLACE HONOLULU,HI96822	PRESIDENT/DIRECTOR 1.00	14,714
DARRYL CHOY	V.P./DIRECTOR 0.00	0
2050 OKIKA PLACE HONOLULU,HI96822	V.P./DIRECTOR 0.00	0
DEVIN CHOY	TREAS/DIRECTOR 0.00	0
2050 OKIKA PLACE HONOLULU,HI96822	TREAS/DIRECTOR 0.00	0
DENALEE CHOY	SECTY/DIRECTOR 0.00	0
2050 OKIKA PLACE HONOLULU,HI96822	SECTY/DIRECTOR 0.00	0
DATHAN CHOY	DIRECTOR 0.00	0
2050 OKIKA PLACE HONOLULU,HI96822	DIRECTOR 0.00	0

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...................				0

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............. 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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,400,051

Average of monthly cash balances.......................

14,261

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,414,312

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,414,312

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

21,215

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

1,393,097

Minimum investment return. Enter 5% (0.05) of line 5................

69,655

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.)

Minimum investment return from Part IX, line 6..................

69,655

Tax on investment income for 2021 from Part V, line 5.......

1,686

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

1,686

Distributable amount before adjustments. Subtract line 2c from line 1............

67,969

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

67,969

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

67,969

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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				67,969
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			53,427
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 57,402
a Applied to 2020, but not more than line 2a			53,427
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.....				3,975
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2021.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				63,994
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

THALIA CHOY LARRY AND BEATRICE CHIN
2050 OKIKA PLACE
HONOLULU,HI96822
(808) 946-8183

bThe form in which applications should be submitted and information and materials they should include:

ORGANIZATIONS THAT APPLY SHOULD DO SO IN WRITING PREFERABLY USING THEIR OWN LETTERHEAD.

cAny submission deadlines:

APPLICATIONS FOR GRANTS OR CONTRIBUTIONS MAY BE SUBMITTED AT ANY TIME.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

IN AWARDING GRANTS OR CONTRIBUTIONS, THE FOUNDATION GIVES PREFERENCES TO ORGANIZATIONS IN HAWAII. CONTRIBUTIONS ARE MADE FOR CHARITABLE, SCIENTIFIC, LITERARY, CIVIC, RELIGIOUS, BENEVOLENT, EDUCATIONAL & PHILANTHROPIC PURPOSES.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AGC EDUCATION & RESEARCH FOUNDATION 2300 WILSON BLVD STE 400 ARLINGTON,VA22201	NONE	PC	SCHOLARSHIPS	5,000
ALANA DUNG MEDICAL RESEARCH FUND 3468 WAIALAE AVE 234 HONOLULU,HI96816	NONE	PC	MEDICAL RESEARCH	200
AMERICAN CANCER SOCIETY 2370B NUUANU AVE HONOLULU,HI96817	NONE	PC	MEDICAL RESEARCH	200
AMERICAN LUNG ASSOCIATION OF HAWAII 201 MERCHANT ST 901 HONOLULU,HI96813	NONE	PC	EDUCATIONAL PROGRAMS	200
ARTHRITIS FOUNDATION-HAWAII CHAPTER 2752 WOODLAWN DR 5-204B HONOLULU,HI96822	NONE	PC	MEDICAL RESEARCH	200
BISHOP MUSEUM PO BOX 19000-A HONOLULU,HI96817	NONE	PC	CULTURAL PROGRAMS	1,000
CHINESE CHAMBER OF COMMERCE 8 S KING ST STE 201 HONOLULU,HI96813	NONE	PC	CAPITAL FUND	200
EASTER SEALS SOCIETY OF HAWAII 710 GREEN ST HONOLULU,HI96813	NONE	PC	EDUCATIONAL PROGRAMS	250
GCA EDUCATION FOUNDATION 1065 AHUA ST HONOLULU,HI96819	NONE	PC	EDUCATIONAL PROGRAMS	1,000
HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU,HI96813	NONE	PC	SCHOLARSHIPS	500
HAWAII FOODBANK 2611 KILIHAU ST HONOLULU,HI96819	NONE	PC	PROVIDE FOOD TO THE COMMUNITY	2,000
HAWAII HERITAGE CENTER PO BOX 37520 HONOLULU,HI96837	NONE	PC	EDUCATIONAL PROGRAMS	22,500
HAWAII HISTORIC ARMS ASSOCIATION PO BOX 1733 HONOLULU,HI96806	NONE	PC	CIVIC PROGRAMS	1,000
HAWAII PACIFIC UNIVERSITY 1166 FORT STREET MALL FL 2 HONOLULU,HI96813	NONE	PC	EDUCATIONAL PROGRAMS	300
HAWAII PUBLIC RADIO 738 KAHEKA ST STE 101 HONOLULU,HI96814	NONE	PC	EDUCATIONAL PROGRAMS	300
HAWAII PUBLIC TELEVISION PO BOX 11599 HONOLULU,HI96828	NONE	PC	EDUCATIONAL PROGRAMS	300
HELEMANO PLANTATION (ORI ANUENUE HALE) 64-1570 KAMEHAMEHA HWY WAHIAWA,HI96786	NONE	PC	EDUCATIONAL PROGRAMS	7,100
HONGWANJI MISSION SCHOOL 1728 PALI HWY HONOLULU,HI96817	NONE	PC	EDUCATIONAL PROGRAMS	2,500
HONOLULU MUSEUM OF ART 900 S BERETANIA ST HONOLULU,HI96814	NONE	PC	EDUCATIONAL PROGRAMS	350
INSTITUTE FOR HUMAN SERVICES 546 KAAAHI ST HONOLULU,HI96817	NONE	PC	SOCIAL SERVICES	200
KUAKINI FOUNDATION 347 KUAKINI ST HONOLULU,HI96817	NONE	PC	CAPITAL FUND	250
MARCH OF DIMES 1451 S KING ST HONOLULU,HI96814	NONE	PC	MEDICAL RESEARCH	200
MID-PACIFIC INSTITUTE 2445 KAALA ST HONOLULU,HI96822	NONE	PC	ANNUAL FUND	200
PALAMA SETTLEMENT 810 N VINEYARD BLVD HONOLULU,HI96817	NONE	PC	EDUCATIONAL PROGRAMS	200
PALOLO CHINESE HOME 2459 10TH AVE HONOLULU,HI96816	NONE	PC	CAPITAL FUND	500
PUNAHOU SCHOOL FOUNDATION 1601 PUNAHOU ST HONOLULU,HI96822	NONE	PC	CAPITAL FUND	2,300
RED CROSS 4155 DIAMOND HEAD RD HONOLULU,HI96816	NONE	PC	FOOD AND SHELTER	500
REHAB FOUNDATION 226 N KUAKINI ST HONOLULU,HI96817	NONE	PC	REHABILITATION SERVICES	500
RONALD MCDONALD HOUSE CHARITIES PO BOX 61777 HONOLULU,HI96839	NONE	PC	SUPPORT SERVICES	200
THE SALVATION ARMY PO BOX 30040 HONOLULU,HI96820	NONE	PC	EDUCATIONAL PROGRAMS	300
UNIVERSITY OF HAWAII FOUNDATION - COLLEGE OF ENGINEERING PO BOX 11270 HONOLULU,HI96828	NONE	PC	SCHOLARSHIPS	1,000
UNIVERSITY OF HAWAII FOUNDATION - MEDICAL SCHOOL PO BOX 11270 HONOLULU,HI96828	NONE	PC	EDUCATIONAL PROGRAMS	1,000
US CHINA PEOPLES FRIENDSHIP ASSOCIATION 1268 YOUNG ST 301 HONOLULU,HI96814	NONE	PC	EDUCATIONAL PROGRAMS	500
YMCA-KALIHI BRANCH 1355 KALIHI ST HONOLULU,HI96819	NONE	PC	BUILDING FUND	500
Total ................................. 3a				53,450

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	2
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	139,918
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		157,919	0

13Total. Add line 12, columns (b), (d), and (e)..................

157,919

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
3	INVESTMENT INCOME.
4	INVESTMENT INCOME.
8	GAIN/LOSS ON SALE OF INVESTMENTS.

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	523	262		261

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MSDW/UBS CORPORATE SECURITIES	767,435	1,319,323

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MSDW LIQUID ASSET ACCOUNTS	AT COST	16,712	16,712

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Description	Amount
FEDERAL INCOME TAXES	2,189
PENALTY	6

- TIN:

TY 2021 OtherExpensesSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
BANK CHARGE	1	0
LICENSES & PERMITS	3	0
POSTAGE & DELIVERY	12	12
MEALS	205	0

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES	24,363	24,363		0

- TIN:

TY 2021 TaxesSchedule

Name:

LARRY AND BEATRICE CHING FOUNDATION

EIN:

99-6003722

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	935	935		0