Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
LILIUOKALANI TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 ALAKEA ST STE 1100 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968132845
A Employer identification number

99-0078890
B Telephone number (see instructions)

(808) 203-6150
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,240,899,828J 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) 12,290
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,500 2,500 2,500
4 Dividends and interest from securities... 1,975,916 2,022,934 2,022,934
5a Gross rents............ 23,515,723 23,515,723 23,515,723
b Net rental income or (loss) 9,367,211
6a Net gain or (loss) from sale of assets not on line 10 11,764,514
b Gross sales price for all assets on line 6a 87,301,528
7 Capital gain net income (from Part IV, line 2)... 20,169,571
8 Net short-term capital gain......... 0
9 Income modifications........... 2,065,195
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
List of Attached Documents:
// Content
4,695,301 9,810,119 9,810,119
12 Total. Add lines 1 through 11........ 41,966,244 55,520,847 37,416,471
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,957,195 1,094,349 1,094,349 862,846
14 Other employee salaries and wages...... 11,993,134 1,101,187 1,101,187 10,891,948
15 Pension plans, employee benefits....... 3,002,801 412,942 412,942 2,590,967
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
683,530 588,225 588,225 89,489
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
124,592 44,520 44,520 103,782
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,879,625 2,918,303 2,918,303 1,768,397
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,310,448 6,126,100 6,126,100 189,870
19 Depreciation (attach schedule) and depletion... 4,514,459 2,253,322 2,253,322
20 Occupancy.............. 595,892 111,585 111,585 486,020
21 Travel, conferences, and meetings....... 330,950 122,519 122,519 212,669
22 Printing and publications.......... 19,100 1,902 1,902 20,373
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,200,711 4,980,238 5,061,625 5,288,392
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,612,437 19,755,192 19,836,579 22,504,753
25 Contributions, gifts, grants paid....... 28,000 28,000
26 Total expenses and disbursements. Add lines 24 and 25 45,640,437 19,755,192 19,836,579 22,532,753
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,674,193
b Net investment income (if negative, enter -0-) 35,765,655
c Adjusted net income (if negative, enter -0-)... 17,579,892
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 536,558 563,419 563,419
2 Savings and temporary cash investments......... 2,769,607 22,719,296 22,719,296
3 Accounts receivable right arrow2,554,889
Less: allowance for doubtful accounts right arrow755,675 1,216,293 1,799,214 1,799,214
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow124,430
Less: allowance for doubtful accounts right arrow0 250,000 124,430 124,430
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,961,874 2,018,091 2,018,091
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 672,824,655 Click to see attachment
List of Attached Documents:
// Content
533,960,315 		533,960,315
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow100,357,092
Less: accumulated depreciation (attach schedule) right arrow39,399,727 62,912,422 60,957,365 568,759,101
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow99,827,349
Less: accumulated depreciation (attach schedule) right arrow24,599,753 65,774,674 75,227,596 78,362,740
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
19,333,594 		Click to see attachment
List of Attached Documents:
// Content
32,593,222 		Click to see attachment
List of Attached Documents:
// Content
32,593,222
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 828,579,677 729,962,948 1,240,899,828
Liabilities 17 Accounts payable and accrued expenses.......... 6,710,131 6,801,218
18 Grants payable.................    
19 Deferred revenue................. 1,653,316 1,774,623
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 13,047,625 Click to see attachment
List of Attached Documents:
// Content
28,584,099
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,083,176 		Click to see attachment
List of Attached Documents:
// Content
3,285,398
23 Total liabilities (add lines 17 through 22)......... 22,494,248 40,445,338
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 806,085,429 689,517,610
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 806,085,429 689,517,610
30 Total liabilities and net assets/fund balances (see instructions). 828,579,677 729,962,948
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
806,085,429
2
Enter amount from Part I, line 27a .....................
2
-3,674,193
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
220,405
4
Add lines 1, 2, and 3 ..........................
4
802,631,641
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
113,114,031
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
689,517,610
Form 990-PF (2022)
Form 990-PF (2022)
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 FROM K-1: ACR IV FEEDER A-2 LP P 2022-01-01 2022-12-31
b FROM K-1: ACREW DIVERSIFY CAPITAL FUND LP P 2021-12-30 2022-12-31
c FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP P 2022-01-01 2022-12-31
d FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP P 2021-12-30 2022-12-31
e FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS II, LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP P 2022-01-01 2022-12-31
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP P 2021-12-30 2022-12-31
FROM K-1: ABERDEEN ENERGY & RESOURCES PARTNERS III, LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: BERKSHIRE FUND X-A, (OS) L.P. P 2022-01-01 2022-12-31
FROM K-1: BLACKSAND CAPITAL OPPORTUNITY FUND I, L.P. P 2021-12-30 2022-12-31
FROM PFIC: BRAZIL OPPORTUNITY GROWTH PARTNERS III A, LP P 2021-12-30 2022-12-31
FROM K-1: CAMBRIDGE ASSOCIATES LLC P 2022-01-01 2022-12-31
FROM K-1: CAMBRIDGE ASSOCIATES LLC P 2021-12-30 2022-12-31
FROM K-1: CAMBRIDGE ASSOCIATES LLC - 1256 P 2022-01-01 2022-12-31
FROM K-1: CAMBRIDGE ASSOCIATES LLC - 1256 P 2021-12-30 2022-12-31
FROM K-1: CENTERGATE CAPITAL PARTNERS I, L.P. P 2021-12-30 2022-12-31
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS P 2022-01-01 2022-12-31
FROM K-1: COMMONFUND CAPITAL INTERNATIONAL PARTNERS P 2021-12-30 2022-12-31
FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES V, LP P 2022-01-01 2022-12-31
FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES V, LP P 2021-12-30 2022-12-31
FROM K-1: COMMONFUND CAPITAL NATURAL RESOURCES V, LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. P 2022-01-01 2022-12-31
FROM K-1: DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. P 2021-12-30 2022-12-31
FROM K-1: DODDINGTON EMERGING MARKETS FUND, LLC P 2022-01-01 2022-12-31
FROM K-1: DODDINGTON EMERGING MARKETS FUND, LLC P 2021-12-30 2022-12-31
FROM K-1: ELECTRIC CAPITAL VENTURE FUND I P 2022-01-01 2022-12-31
FROM K-1: ELECTRIC CAPITAL VENTURE FUND I P 2021-12-30 2022-12-31
FROM K-1: ELECTRIC CAPITAL VENTURE FUND II P 2022-01-01 2022-12-31
FROM K-1: ELECTRIC CAPITAL VENTURE FUND II P 2021-12-30 2022-12-31
FROM K-1: FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP P 2021-12-30 2022-12-31
FROM K-1: FELICIS VENTURE VI, LP P 2022-01-01 2022-12-31
FROM K-1: FELICIS VENTURE VI, LP P 2021-12-30 2022-12-31
FROM K-1: FINEPOINT CAPITAL PARTNERS II P 2022-01-01 2022-12-31
FROM K-1: FINEPOINT CAPITAL PARTNERS II P 2021-12-30 2022-12-31
FROM K-1: FINEPOINT CAPITAL PARTNERS II - 1256 P 2022-01-01 2022-12-31
FROM K-1: FINEPOINT CAPITAL PARTNERS II - 1256 P 2021-12-30 2022-12-31
FROM K-1: FORTRESS CREDIT OPPORTUNITIES FUND V EXPANSION (B) LP P 2021-12-30 2022-12-31
FROM K-1: GQG PARTNERS INTERNATIONAL EQUITY FUND GQG PARTNERS SERIES LLC P 2022-01-01 2022-12-31
FROM K-1: GQG PARTNERS INTERNATIONAL EQUITY FUND GQG PARTNERS SERIES LLC P 2021-12-30 2022-12-31
FROM K-1: HEALTHCARE ROYALTY PARTNERS III, L.P. P 2021-12-30 2022-12-31
FROM K-1: ICON VENTURES V, L.P. P 2022-01-01 2022-12-31
FROM K-1: ICON VENTURES V, L.P. P 2021-12-30 2022-12-31
FROM K-1: JACKSON SQUARE VENTURES III, L.P. P 2021-12-30 2022-12-31
FROM K-1: K4 PRIVATE INVESTORS, LP P 2021-12-30 2022-12-31
FROM K-1: LAV BIOSCIENCES FUND V,LP P 2022-01-01 2022-12-31
FROM K-1: LAV BIOSCIENCES FUND V,LP P 2021-12-30 2022-12-31
FROM K-1: LAV FUND VI OPPORTUNITIES, L.P. P 2022-01-01 2022-12-31
FROM K-1: LAV FUND VI, L.P. P 2022-01-01 2022-12-31
FROM K-1: LEGACY VENTURE VI, LLC P 2022-01-01 2022-12-31
FROM K-1: LEGACY VENTURE VI, LLC P 2021-12-30 2022-12-31
FROM K-1: LEVEL EQUITY GROWTH PARTNERS III, LP P 2022-01-01 2022-12-31
FROM K-1: LEVEL EQUITY GROWTH PARTNERS III, LP P 2021-12-30 2022-12-31
FROM K-1: LEVEL EQUITY GROWTH PARTNERS III AIV (B), LP P 2021-12-30 2022-12-31
FROM K-1: LEVEL EQUITY GROWTH PARTNERS IV, LP P 2022-01-01 2022-12-31
FROM K-1: LEVEL EQUITY GROWTH PARTNERS IV, LP P 2021-12-30 2022-12-31
FROM K-1: LONE STAR EUROPE HOLDINGS (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR FUND VI (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR FUND VII (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR FUND VIII (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR FUND XI, L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR REAL ESTATE FUND II (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR REAL ESTATE FUND III (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR REAL ESTATE FUND IV (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR REAL ESTATE FUND VI (U.S.), L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR US INVESTMENTS, L.P. P 2021-12-30 2022-12-31
FROM K-1: LONE STAR U.S. HOLDINGS, L.P. P 2021-12-30 2022-12-31
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL II LP P 2021-12-30 2022-12-31
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL III LP P 2021-12-30 2022-12-31
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS GLOBAL III LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS IV-A, LP P 2021-12-30 2022-12-31
FROM K-1: MULTICOIN VENTURE FUND III US, LP P 2022-01-01 2022-12-31
FROM K-1: MULTICOIN CONCENTRATED FUND, LP P 2022-01-01 2022-12-31
FROM K-1: MULTICOIN CONCENTRATED FUND, LP P 2021-12-30 2022-12-31
FROM K-1: NATURAL GAS PARTNERS IX LP P 2021-12-30 2022-12-31
FROM K-1: NEW ENTERPRISE ASSOCIATES 15 LP P 2022-01-01 2022-12-31
FROM K-1: NEW ENTERPRISE ASSOCIATES 15 LP P 2021-12-30 2022-12-31
FROM K-1: NEW ENTERPRISE ASSOCIATES 16 LP P 2022-01-01 2022-12-31
FROM K-1: NEW ENTERPRISE ASSOCIATES 16 LP P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE GLOBAL EMERGING MARKETS, LP P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE IV, LP P 2022-01-01 2022-12-31
FROM K-1: NORTHGATE IV, LP P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE IV, LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS II(Q) LP P 2022-01-01 2022-12-31
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS II(Q) LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP P 2022-01-01 2022-12-31
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE PRIVATE EQUITY PARTNERS III LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: NORTHGATE VENTURE PARTNERS III, LP P 2022-01-01 2022-12-31
FROM K-1: NORTHGATE VENTURE PARTNERS III, LP P 2021-12-30 2022-12-31
FROM K-1: OLYMPUS GROWTH FUND VII PARALLEL L.P. P 2021-12-30 2022-12-31
FROM K-1: OWL CREEK MGM FUND, LP P 2022-01-01 2022-12-31
FROM K-1: OWL CREEK MGM FUND, LP P 2021-12-30 2022-12-31
FROM K-1: OWL CREEK MGM FUND, LP - 10.2019 P 2022-01-01 2022-12-31
FROM K-1: OWL CREEK MGM FUND, LP - 10.2019 P 2021-12-30 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III LP P 2021-12-30 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND III LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP P 2022-01-01 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP P 2021-12-30 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP P 2022-01-01 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP P 2021-12-30 2022-12-31
FROM K-1: PARK STREET CAPITAL NATURAL RESOURCE FUND V LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: PETERSHILL IV LLC P 2022-01-01 2022-12-31
FROM K-1: PETERSHILL IV LLC P 2021-12-30 2022-12-31
FROM K-1: PETERSHILL IV LLC - 1231 P 2021-12-30 2022-12-31
FROM K-1: POLYCHAIN FUND I, LP P 2022-01-01 2022-12-31
FROM K-1: POLYCHAIN FUND I, LP P 2021-12-30 2022-12-31
FROM K-1: POLYCHAIN VENTURES I, LP P 2022-01-01 2022-12-31
FROM K-1: POLYCHAIN VENTURES I, LP P 2021-12-30 2022-12-31
FROM K-1: SANDERS CAPITAL ALL ASSET VALUE FUND, LP P 2022-01-01 2022-12-31
FROM K-1: SANDERS CAPITAL ALL ASSET VALUE FUND, LP P 2021-12-30 2022-12-31
FROM K-1: SILCHESTER INTERNATIONAL VALUTE EQUITY TRUST P 2022-01-01 2022-12-31
FROM K-1: SILCHESTER INTERNATIONAL VALUTE EQUITY TRUST P 2021-12-30 2022-12-31
FROM K-1: SLP VI ACE FEEDER I LP P 2022-01-01 2022-12-31
FROM K-1: STANDARD CRYPTO FLAGSHIP FUND L.P. P 2022-01-01 2022-12-31
FROM K-1: STANDARD CRYPTO VENTURE FUND L.P. P 2022-01-01 2022-12-31
FROM K-1: STRATEGIC INVESTORS FUND VIII, L.P. P 2022-01-01 2022-12-31
FROM K-1: STRATEGIC INVESTORS FUND VIII, L.P. P 2021-12-30 2022-12-31
FROM K-1: SVB STRATEGIC INVESTORS FUND VI, LP P 2022-01-01 2022-12-31
FROM K-1: SVB STRATEGIC INVESTORS FUND VI, LP P 2021-12-30 2022-12-31
FROM K-1: SYBIL CAPITAL FUND I-A LP P 2022-01-01 2022-12-31
FROM K-1: SYCAMORE PARTNERS III-A, LP P 2022-01-01 2022-12-31
FROM K-1: SYCAMORE PARTNERS III-A, LP P 2021-12-30 2022-12-31
FROM K-1: TENZING PRIVATE EQUITY II LP P 2022-01-01 2022-12-31
FROM K-1: THOMA BRAVO FUND XV, L.P. P 2022-01-01 2022-12-31
FROM K-1: U.S. FARMING REALTY TRUST II, LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P. P 2022-01-01 2022-12-31
FROM K-1: US RESEARCH EQUITY EXTENDED FUND, L.P. P 2021-12-30 2022-12-31
FROM K-1: VENROCK HEALTHCARE CAPITAL PARTNERS EG, LP P 2022-01-01 2022-12-31
FROM K-1: VENROCK HEALTHCARE CAPITAL PARTNERS EG, LP P 2021-12-30 2022-12-31
FROM K-1: VINTAGE IX B LP P 2022-01-01 2022-12-31
FROM K-1: VINTAGE IX B LP P 2021-12-30 2022-12-31
FROM K-1: VINTAGE IX B LP - 1231 P 2021-12-30 2022-12-31
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO P 2022-01-01 2022-12-31
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO P 2021-12-30 2022-12-31
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO - 1256 P 2022-01-01 2022-12-31
FROM K-1: WELLINGTON TRUST CTF ENERGY PORTFOLIO - 1256 P 2021-12-30 2022-12-31
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO P 2022-01-01 2022-12-31
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO P 2021-12-30 2022-12-31
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO - 1256 P 2022-01-01 2022-12-31
FROM K-1: WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO - 1256 P 2021-12-30 2022-12-31
FROM K-1: WELLINGTON VENTURE INVESTMENTS I, L.P. P 2021-12-30 2022-12-31
FROM K-1: WOODBOURNE CANADIAN PARTNERS II P 2021-12-30 2022-12-31
FROM K-1: XFUND 2, LP [CLASS A] P 2021-12-30 2022-12-31
FROM PFIC: CAXTON MACRO LIMITED P 2021-12-30 2022-12-31
FROM PFIC: MCP PRIVATE CAPITAL (FEEDER) FUND III P 2021-12-30 2022-12-31
US BANK #12508   2022-01-01 2022-12-31
US BANK #12508   2021-12-30 2022-12-31
US BANK DEFLATION ASSETS   2021-12-30 2022-12-31
ABERDEEN ENERGY & RESOURCES PARTNERS II P 2021-12-30 2022-12-31
ABERDEEN ENERGY & RESOURCES PARTNERS III P 2021-12-30 2022-12-31
ACREW CAPITAL FUND LP P 2021-12-30 2022-12-31
ATLAS CAPITAL RESOURCES III LP P 2021-12-30 2022-12-31
BAXTER STREET OFFSHORE FUND LTD P 2021-12-30 2022-12-31
BRAZIL OPPORTUNITY GROWTH PARTNERS III A P 2021-12-30 2022-12-31
CA RESOURCES FUND LP - SERIES BAIN X P 2021-12-30 2022-12-31
COMMONFUND INTL PRIVATE EQUITY PTNRS VII P 2021-12-30 2022-12-31
DAVIDSON KEMPNER P 2021-12-30 2022-12-31
DC CAPITAL PARTNERS FUND II LP P 2021-12-30 2022-12-31
ENCAP ENERGY CAPITAL FUND XI-C LP P 2021-12-30 2022-12-31
FORT GLOBAL OFFSHORE FUND SPC P 2021-12-30 2022-12-31
FORTRESS CREDIT OPPORTUNITIES V EXP (B) P 2021-12-30 2022-12-31
FVP OVERSEAS P 2021-12-30 2022-12-31
GS DISTRESSED MANAGERS IV OFFSHORE LP P 2021-12-30 2022-12-31
GS VINTAGE VI OFFSHORE LP P 2021-12-30 2022-12-31
GS VINTAGE VII OFFSHORE SCSP P 2021-12-30 2022-12-31
H.I.G. MIDDLE MARKET LBO FUND III LP P 2021-12-30 2022-12-31
INSIGNIA CAPITAL PARTNERS II LP P 2021-12-30 2022-12-31
KPS SPECIAL SITUATIONS FUND V (A) LP P 2021-12-30 2022-12-31
LAV BIOSCIENCES FUND V, L.P. P 2021-12-30 2022-12-31
LEGACY VENTURE VI LLC P 2021-12-30 2022-12-31
LEVEL EQUITY GROWTH PARTNERS IV LP P 2021-12-30 2022-12-31
LILLY ASIA VENTURES VI LP P 2021-12-30 2022-12-31
LILLY ASIA VENTURES VI OPPORTUNITIES LP P 2021-12-30 2022-12-31
LONE STAR FUND VIII (US) LP P 2021-12-30 2022-12-31
LONE STAR FUND X (US) LP P 2021-12-30 2022-12-31
LONE STAR FUND XI LP P 2021-12-30 2022-12-31
MADISON INT REAL ESTATE LIQUIDITY FUND V P 2021-12-30 2022-12-31
METRIC CP PRIVATE CAPITAL FUND III SCSP P 2021-12-30 2022-12-31
NEW ENTERPRISE ASSOCIATES 15, LP P 2021-12-30 2022-12-31
NORTHGATE GLOBAL EMERGING MARKETS P 2021-12-30 2022-12-31
NORTHGATE IV P 2021-12-30 2022-12-31
NORTHGATE PRIVATE EQUITY PARTNERS II P 2021-12-30 2022-12-31
NORTHGATE PRIVATE EQUITY PARTNERS III P 2021-12-30 2022-12-31
NORTHGATE VENTURE PARTNERS III P 2021-12-30 2022-12-31
OLYMPUS GROWTH FUND VII PARALLEL LP P 2021-12-30 2022-12-31
ORION EUROPEAN REAL ESTATE FUND V SLP P 2021-12-30 2022-12-31
OWL CREEK MGM FUND, L.P. P 2021-12-30 2022-12-31
PARK ST CAP NATURAL RESOURCE FUND III P 2021-12-30 2022-12-31
PARK ST CAP NATURAL RESOURCE FUND IV P 2021-12-30 2022-12-31
PARK ST CAP NATURAL RESOURCE FUND V P 2021-12-30 2022-12-31
POLYCHAIN FUND I LP P 2021-12-30 2022-12-31
STRATEGIC INVESTORS FUND VI (SVB CAP) P 2021-12-30 2022-12-31
STRATEGIC INVESTORS FUND VIII (SVB CAP) P 2021-12-30 2022-12-31
SYCAMORE PARTNERS III-A LP P 2021-12-30 2022-12-31
TILDEN PARK OFFSHORE INV FUND LTD P 2021-12-30 2022-12-31
VOLORIDGE SUSTAINABILITY FUND LTD P 2021-12-30 2022-12-31
WELLINGTON ENERGY P 2021-12-30 2022-12-31
WOODBOURNE CANADA PARTNERS II P 2021-12-30 2022-12-31
GAIN ON SALE OF LILIUOKALANI GARDENS #215 P 2021-12-30 2022-12-31
GAIN ON SALE OF LILIUOKALANI GARDENS #2005 P 2021-12-30 2022-12-31
GAIN ON SALE OF LILIUOKALANI GARDENS #318 P 2021-12-30 2022-12-31
GAIN ON SALE OF LILIUOKALANI GARDENS #319 P 2021-12-30 2022-12-31
GAIN ON SALE OF QUEEN LILI'UOKALANI VILLAGE KONA 1-03 P 2021-12-30 2022-12-31
GAIN ON SALE OF SHOPS AT ANAHULU OAHU 1-09 P 2021-12-30 2022-12-31
GAIN ON SALE OF LAHAINA LAND P 2021-12-30 2022-12-31
DISTRIBUTION IN EXCESS OF BASIS JMI EQUITY FUND XI-A, LP P 2021-12-30 2022-12-31
DISTRIBUTION IN EXCESS OF BASIS WELLINGTON TRUST CTF ENERGY PORTFOLIO P 2021-12-30 2022-12-31
DISTRIBUTION IN EXCESS OF BASIS NORTHGATE GLOBAL EMERGING MARKETS LP P 2021-12-30 2022-12-31
DISTRIBUTION IN EXCESS OF BASIS SLP VI ACE FEEDER I LP P 2021-12-30 2022-12-31
LOSS ON SALE - KSV SELLER REPAIR MONEY P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5078 P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5102 P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5112 P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5132 P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5712 P 2021-12-30 2022-12-31
LOSS ON DISPOSAL - FAS #5726 P 2021-12-30 2022-12-31
FROM K-1: METROPOLITAN REAL ESTATE PARTNERS IV-A LP - LOSS ON DISPOSAL P 2021-12-30 2022-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     1,323 -1,323
b 50,111     50,111
c     7 -7
d     51,355 -51,355
e 83,372     83,372
24,957     24,957
18,507     18,507
29,142     29,142
5,943     5,943
3,032     3,032
296,232     296,232
13     13
86     86
1     1
2     2
7,965     7,965
1,102     1,102
94,061     94,061
139     139
    5,974 -5,974
145     145
    39,558 -39,558
    26,954 -26,954
    124,808 -124,808
    610,287 -610,287
1,711     1,711
    86,412 -86,412
    201,029 -201,029
    547,717 -547,717
    2,667 -2,667
180     180
    7,746 -7,746
    335,356 -335,356
630,058     630,058
29,612     29,612
44,417     44,417
50,187     50,187
    2,514,125 -2,514,125
2,436,455     2,436,455
2,657     2,657
452     452
10,005     10,005
    1 -1
2,477     2,477
1,982     1,982
47,815     47,815
1,050     1,050
1,076     1,076
    1,483 -1,483
168,844     168,844
45,053     45,053
147,624     147,624
93     93
274     274
645,853     645,853
264     264
    413 -413
1,564     1,564
    6,982 -6,982
    4,356 -4,356
3,215     3,215
    1,396 -1,396
    26,699 -26,699
    5,510 -5,510
    546 -546
5,218     5,218
9,905     9,905
4,177     4,177
1,467     1,467
    19,684 -19,684
    24,918 -24,918
    226,795 -226,795
    15,557 -15,557
    25,224 -25,224
7,419     7,419
42,783     42,783
413     413
    2,538 -2,538
622     622
    2 -2
7,593     7,593
638     638
944     944
19     19
    226 -226
28,415     28,415
29     29
    122 -122
10,595     10,595
54,761     54,761
13,437     13,437
544,996     544,996
57,588     57,588
3,291,463     3,291,463
17,514     17,514
12     12
503     503
    15,621 -15,621
4,515     4,515
    8,966 -8,966
7,825     7,825
1,032     1,032
48,271     48,271
9     9
    2,633,090 -2,633,090
386,722     386,722
    19 -19
    11,338 -11,338
354,659     354,659
35,678     35,678
    16,556 -16,556
902,223     902,223
55     55
60,382     60,382
    14 -14
945     945
102,443     102,443
1,129     1,129
85,122     85,122
    36,709 -36,709
    274 -274
18,638     18,638
394     394
51     51
198,792     198,792
49,454     49,454
20,564     20,564
    58,136 -58,136
    47,621 -47,621
    116 -116
16,410     16,410
775     775
261,756     261,756
449,428     449,428
349     349
524     524
    727,516 -727,516
766,547     766,547
38     38
58     58
    91 -91
    2,817 -2,817
7,790     7,790
1,593,109     1,593,109
117,084     117,084
1,015,567   797,812 217,755
13,962,304   16,237,358 -2,275,054
      0
89,047   89,047 0
84,544   84,544 0
51,613   51,613 0
129,786   129,786 0
14,177,476   13,158,555 1,018,921
66,627   66,627 0
721   721 0
37,789   37,789 0
4,158,174   1,239,262 2,918,912
15,413   15,413 0
91,741   91,741 0
6,123,364   7,849,654 -1,726,290
399,016   399,016 0
16,844   447,942 -431,098
8,612   8,612 0
48,722   48,722 0
70,958   70,958 0
62,851   62,851 0
2,452   2,452 0
84,198   84,198 0
      0
28,158   28,158 0
170,624   170,624 0
13,087   13,087 0
      0
10,417   10,417 0
120,316   120,316 0
37,247   37,247 0
12,245   12,245 0
      0
83,580   87,400 -3,820
2,461   2,461 0
5,909   5,909 0
2,156   2,156 0
5,645   5,645 0
1,925   1,925 0
67,983   67,983 0
17,763   17,763 0
7,016,617   2,834,642 4,181,975
43,861   43,861 0
79,900   79,900 0
64,200   64,200 0
10,735,072   10,965,516 -230,444
11,553   11,553 0
2,475   2,475 0
      0
2,513,797   1,894,847 618,950
7,160,953   7,743,245 -582,292
9,928,553   6,155,384 3,773,169
97,453   97,453 0
191,000   7,758 183,242
119,000   2,449 116,551
119,000   2,449 116,551
119,000   2,445 116,555
81,000   188 80,812
1,583,520   25,466 1,558,054
2,242,250   2,115,162 127,088
1,724     1,724
4,399,889     4,399,889
10,051     10,051
186     186
    5,129 -5,129
    47 -47
    82 -82
    75 -75
    123 -123
    666 -666
    1,160 -1,160
    18,890 -18,890
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       -1,323
b       50,111
c       -7
d       -51,355
e       83,372
      24,957
      18,507
      29,142
      5,943
      3,032
      296,232
      13
      86
      1
      2
      7,965
      1,102
      94,061
      139
      -5,974
      145
      -39,558
      -26,954
      -124,808
      -610,287
      1,711
      -86,412
      -201,029
      -547,717
      -2,667
      180
      -7,746
      -335,356
      630,058
      29,612
      44,417
      50,187
      -2,514,125
      2,436,455
      2,657
      452
      10,005
      -1
      2,477
      1,982
      47,815
      1,050
      1,076
      -1,483
      168,844
      45,053
      147,624
      93
      274
      645,853
      264
      -413
      1,564
      -6,982
      -4,356
      3,215
      -1,396
      -26,699
      -5,510
      -546
      5,218
      9,905
      4,177
      1,467
      -19,684
      -24,918
      -226,795
      -15,557
      -25,224
      7,419
      42,783
      413
      -2,538
      622
      -2
      7,593
      638
      944
      19
      -226
      28,415
      29
      -122
      10,595
      54,761
      13,437
      544,996
      57,588
      3,291,463
      17,514
      12
      503
      -15,621
      4,515
      -8,966
      7,825
      1,032
      48,271
      9
      -2,633,090
      386,722
      -19
      -11,338
      354,659
      35,678
      -16,556
      902,223
      55
      60,382
      -14
      945
      102,443
      1,129
      85,122
      -36,709
      -274
      18,638
      394
      51
      198,792
      49,454
      20,564
      -58,136
      -47,621
      -116
      16,410
      775
      261,756
      449,428
      349
      524
      -727,516
      766,547
      38
      58
      -91
      -2,817
      7,790
      1,593,109
      117,084
      217,755
      -2,275,054
      0
      0
      0
      0
      0
      1,018,921
      0
      0
      0
      2,918,912
      0
      0
      -1,726,290
      0
      -431,098
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      -3,820
      0
      0
      0
      0
      0
      0
      0
      4,181,975
      0
      0
      0
      -230,444
      0
      0
      0
      618,950
      -582,292
      3,773,169
      0
      183,242
      116,551
      116,551
      116,555
      80,812
      1,558,054
      127,088
      1,724
      4,399,889
      10,051
      186
      -5,129
      -47
      -82
      -75
      -123
      -666
      -1,160
      -18,890
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 20,169,571
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 -5,796,763
Form 990-PF (2022)
Form 990-PF (2022)
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1974-07-22(attach copy of letter if necessary–see instructions) 1 N/A
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow   Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowHI
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
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 (2022)
Form 990-PF (2022)
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 addressright arrowWWW.ONIPAA.ORG
14
The books are in care ofright arrowLILIUOKALANI TRUST Telephone no.right arrow (808) 203-6150

Located atright arrow1100 ALAKEA ST SUITE 1100HONOLULUHI ZIP+4right arrow96813
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
THOMAS K KAULUKUKUI JR TRUSTEE
7.00 		184,490 150 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
ROBERT OZAKI TRUSTEE
7.00 		214,788 150 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
CLAIRE L ASAM TRUSTEE
40.00 		202,137 150 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
DAWN HARFLINGER PRESIDENT & CEO
40.00 		476,697 35,121 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
MERCEDES LANZA VICE PRESIDENT & CAO
40.00 		246,412 32,457 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
JULI TORIGOE VICE PRESIDENT & CFO
40.00 		246,832 26,369 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
ALAN ARAKAWA VICE PRESIDENT
40.00 		385,839 35,447 0
1100 ALAKEA STREET SUITE 1100
HONOLULU,HI96813
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
AMBER SOLIDUM CONTROLLER
40.00 		258,160 15,913 0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU,HI96813
TINA KEANE DIRECTOR, INVESTMENT
40.00 		230,155 31,569 0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU,HI96813
CHIEMI DAVIS EXECUTIVE DIRECTOR,
40.00 		226,768 22,652 0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU,HI96813
KERRI-AYN MASUMOTO ASSISTANT CONTROLLER
40.00 		183,451 15,018 0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU,HI96813
MAHINA HUGO EXECUTIVE DIRECTOR,
40.00 		164,319 20,666 0
QLT - 1100 ALAKEA ST STE 1100
HONOLULU,HI96813
Total number of other employees paid over $50,000...................right arrow 123
Form 990-PF (2022)
Form 990-PF (2022)
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
FLANSBURGH ARCHITECTS ARCHITECTURE FIRM 2,642,066
77 NORTH WASHINGTON ST
BOSTON,MA02114
KIEWIT GENERAL CONTRACTING 2,524,516
707 RICHARDS ST SUITE 750
HONOLULU,HI96813
GATESIDE INC GENERAL CONTRACTING 2,188,149
522 AHUI ST
HONOLULU,HI96813
CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY SERVICES 1,731,146
100 SUMMER STREET SUITE 1300
BOSTON,MA02110
MONARCH INSURANCE SERVICES INSURANCE SERVICES 1,634,369
677 ALA MOANA BLVD 500
HONOLULU,HI96813
Total number of others receiving over $50,000 for professional services.............right arrow53
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 THE PROGRAM GOAL OF THE TRUST IS TO SERVE ORPHAN AND DESTITUTE KAMALI'I (YOUTH)AND THEIR FAMILIES. THE FOCUS IS ON STRENGTHENING FAMILIES SO THEY CAN RAISE HEALTHY, RESILIENT CHILDREN. THE TRUST ACCOMPLISHES THIS BY CREATING HIGH-IMPACT PROGRAMS AND SERVICES, AND WORKING WITH OTHERS IN THE COMMUNITY TO CHANGE THE SYSTEM THAT KEEPS THE MOST VULNERABLE INDIVIDUALS TRAPPED IN A CYCLE OF LIMITED OPTIONS. THIS WORK IS CARRIED OUT BY A STAFF OF APPROXIMATELY 166 EMPLOYEES THAT INCLUDE SOCIAL WORKERS, ADMINISTRATIVE AND SUPPORT STAFF OPERATING FROM MULTIPLE OFFICES THROUGHOUT THE STATE. IN 2022 THE TRUST PROVIDED DIRECT SERVICES TO 1,603 KAMALI'I (YOUTH).AMOUNTS PAID TO ACCOMPLISH CHARITABLE PURPOSES 21,462,379AMOUNTS PAID TO ACQUIRE ASSETS USED FOR CHARITABLE PURPOSE 5,164,705AMOUNTS SET ASIDE FOR CHARITABLE PURPOSES 27,000,000TOTAL AMOUNTS PAID FOR CHARITABLE PURPOSES 53,627,084 53,627,084
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
579,370,192
b
Average of monthly cash balances.......................
1b
30,834,637
c
Fair market value of all other assets (see instructions)................
1c
568,759,101
d
Total (add lines 1a, b, and c).........................
1d
1,178,963,930
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
1,178,963,930
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
17,684,459
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,161,279,471
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
58,063,974
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
22,532,753
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
5,164,705
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
27,000,000
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
54,697,458
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$  
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
1974-07-22
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
17,579,892 21,905,034 13,554,147 13,611,658 66,650,731
b 85% (0.85) of line 2a ......... 14,942,908 18,619,279 11,521,025 11,569,909 56,653,121
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		54,697,458 52,373,578 40,314,461 30,388,785 177,774,282
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		28,000 181,500 117,500 0 327,000
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		54,669,458 52,192,078 40,196,961 30,388,785 177,447,282
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		38,709,316 39,405,925 35,480,605 22,877,447 136,473,293
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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 right arrow
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 (2022)
Form 990-PF (2022)
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

ADULT FRIENDS FOR YOUTH

3375 KOAPAKA STREET B290
HONOLULU,HI96819 		NONE PC SPONSOR GRANTEE'S ANNUAL FUNDRAISER TO RAISE SUPPLEMENTAL FUNDS TO PROVIDE SERVICES FOR AT-RISK YOUTH 3,000

BOYS AND GIRLS CLUB OF HAWAII

1000 BISHOP ST SUITE 505
HONOLULU,HI96813 		NONE PC DONATION TO SUPPORT ANNUAL WALK IN THE COUNTRY FUNDRAISER EVENT & TO SUPPORT GENERAL ORGANIZATION ACTIVITIES 7,000

HAWAII ALLIANCE OF NONPROFIT

1020 S BERETANIA 2ND FLR
HONOLULU,HI96814 		NONE PC SPONSOR ANNUAL HANOCON TO SUPPORT NETWORKING OF HAWAII'S NONPROFITS. 1,500

HAWAII PONOI FOUNDATION

415-C ULUNIU ST
KAILUA,HI96734 		NONE PC SPONSOR HAWAIIAN HISTORY MONTH. TO EDUCATE GENERAL PUBLIC AND CELEBRATE HISTORY OF QUEEN LILI'UOKALANI AND HAWAIIAN HISTORY IN GENERAL 5,000

PARTNERS IN DEVELOPMENT

2040 BACHELOT ST
HONOLULU,HI96817 		NONE PC SPONSOR ULU HANA: PEWA AWARDS-LT EMPLOYEE WAS INCLUDED AS AN HONOREE 2,500

UNIVERSITY OF HAWAII

2540 DOLE ST HOLMES 240
HONOLULU,HI96822 		NONE PC SPONSOR GRANTEE'S FUNDRAISER FOR UNIVERSITY OF HAWAII COLLEGE OF ENGINEERING 3,000

FRIENDS OF THE CHILDREN'S JUSTICE CENTER OF OAHU

3019 PALI HWY
HONOLULU,HI96817 		NONE PC DONATION TO SUPPORT ANNUAL HOPE AND HEALING STORYBOOK GALA. 1,500

WAIKIKI COMMUNITY CENTER

310 PAOKALANI AVE
HONOLULU,HI96815 		NONE PC DONATION TO SUPPORT ANNUAL WAIKIKI LIGHTS FUNDRAISER. 2,500

HALE KIPA

91-2128 OLD FORT WEAVER ROAD
EWA BEACH,HI96706 		NONE PC SPONSOR ANNUAL PAINA FUNDRAISING DINNER 2,000
Total .................................right arrow 3a 28,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
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 2,500  
4 Dividends and interest from securities ....     14 1,975,916  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 9,367,211  
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 11,764,514  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME - INVESTMENT INCOME 		    14 4,582,142  
bOTHER INCOME - NANA I KE KUMU     14 7,092  
cOTHER INCOME - LATE FEES     16 105,296  
dOTHER INCOME - TRANSFER FEES     16 3,151  
eOTHER INCOME - FOREIGN EXCHANGE GAIN/LOSS     14 -2,380  
12 Subtotal. Add columns (b), (d), and (e) .. 0 27,805,442 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
27,805,442
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
LILIUOKALANI TRUST
 
Employer identification number

99-0078890
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
LILIUOKALANI TRUST
  		Employer identification number
99-0078890
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
H DWIGHT DAMON
C/O MOVIE MUSEUM 3566 HARDING AVENU
 
HONOLULU, HI96816

$ 10,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
LILIUOKALANI TRUST
  		Employer identification number

99-0078890
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
LILIUOKALANI TRUST
  		Employer identification number

99-0078890
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 124,592 44,520 44,520 103,782

TY 2022 GeneralExplanationAttachment
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Identifier Return Reference Explanation
ACCUMULATED DEPRECIATION FORM 990-PF, PART II, LINE 11 BEGINNING A/D - LAND - INVESTMENT 0 BEGINNING A/D - BUILDING & LAND IMPROVEMENTS - INVESTMENT 37,034,385 BEGINNING A/D - CIP - INVESTMENT 0 ----------- BEGINNING A/D - INVESTMENT ASSETS 37,034,385 =========== ENDING A/D - LAND - INVESTMENT 0 ENDING A/D - BUILDING & LAND IMPROVEMENTS - INVESTMENT 33,898,109 ENDING A/D - CIP - INVESTMENT 0 ---------- ENDING A/D - INVESTMENT ASSETS 33,898,109 ==========
ACCUMULATED DEPRECIATION FORM 990-PF, PART II, LINE 14 BEGINNING A/D - FF&E - EXEMPT 2,887,988 BEGINNING A/D - LAND - EXEMPT 434,294 BEGINNING A/D - BLDG & IMP - EXEMPT 19,394,769 ---------- BEGINNING A/D - EXEMPT ASSETS 22,717,051 ========== ENDING A/D - FF&E - EXEMPT 3,211,420 ENDING A/D - LAND - EXEMPT 484,925 ENDING A/D - BLDG & IMP - EXEMPT 20,903,408 ---------- ENDING A/D - EXEMPT ASSETS 24,599,753 ==========
ELECTION(S) UNDER SECTION 987 FORM 990-PF FOR THE TAX YEAR ENDING DECEMBER 31, 2022, THE TAXPAYER ELECTS UNDER PROPOSED REGULATION SECTION 1.987-1(B)(1)(II) TO NOT APPLY THE PROPOSED SECTION 987 REGULATIONS FOR PURPOSES OF TAKING INTO ACCOUNT CERTAIN ITEMS OF GAIN OR LOSS IF THE INDIVIDUAL OR CORPORATION OWNS, DIRECTLY OR INDIRECTLY, LESS THAN 5% OF EITHER THE TOTAL CAPITAL OR THE TOTAL PROFITS INTERET IN THE FOREIGN PARTNERSHIP.
OTHER INCOME FORM 990-PF, PART I, LINE 11(B) & 11(C) OTHER INCOME - PART I, LINE 11(A) 4,695,300 PLUS: LEASE PREMIUMS FOR TAX NOT RECOGNIZED FOR BOOK 32,130 LESS: OTHER INVESTMENT INCOME FOR BOOK NOT TAX (4,243,828) PLUS: PASSTHROUGH INCOME FROM SCH. K-1S ACR III FEEDER C, L.P. 122,163ACR IV FEEDER A-2 LP 3,762ACREW CAPITAL FUND, L.P. 1,857 ACREW CAPITAL FUND II, L.P. 1,034 ATLAS CAPITAL RESOURCES III L.P. 15,186 ATLAS CAPITAL RESOURCES IV L.P. (3,243)ABERDEEN ENERGY & RESOURCES PARTNERS II 20,822 ABERDEEN ENERGY & RESOURCES PARTNERS III 6,000 BATTERY VENTURES XIV, LP (2,485)BATTERY VENTURES XIV AIV I, LP (1,301)BERKSHIRE FUND X-A, L.P. (53,560) BERKSHIRE FUND X-A (OS), L.P. (4,150) BLACKSAND CAPITAL OPPORTUNITY FUND I, L.P. (26) BLACKSAND CAPITAL OPPORTUNITY FUND II, L.P. 6,183 BRAZIL OPPORTUNITY GROWTH PARTNERS III A, LP 16,122CA RESOURCES FUND (U.S. TAX EXEMPT) L.P. - SERIES BAIN X #36 53 CAMBRIDGE ASSOCIATES LLC (48,674) CENTERGATE CAPITAL PARTNERS I, L.P. (2,433) COMMONFUND CAPITAL INTERNATIONAL PARTNERS VII, LP 17,932 COMMONFUND CAPITAL NATURAL RESOURCES V, L.P. 345 DAVIDSON KEMPNER INSTITUTIONAL PARTNERS L.P. 110,703 DC CAPITAL PARTNERS FUND II, L.P. 38,459 DODDINGTON EMERGING MARKETS FUND, LLC 739,528 ELECTRIC CAPITAL VENTURE FUND I, L.P. 6,273 ELECTRIC CAPITAL VENTURE FUND II, L.P. (1,312) ENCAP ENERGY CAPITAL FUND XI-C, L.P. 55,040FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP 10,284 FELICIS FOCUS FUND I, L.P. 970 FELICIS VENTURES VI, L.P. 336 FELICIS VENTURES VII, L.P. 892 FELICIS VENTURES VIII, L.P. 1,484 FINEPOINT CAPITAL PARTNERS II, L.P. 267,615 FORTRESS CREDIT OPPORTUNITIES FUND V EXPANSION (B) L.P. 119,777 GQG PARTNERS INTERNATIONAL EQUITY FUND-GQG PARTNERS SERIES 1,325,403GS VINTAGE VII AIV OFFSHORE SCSP 2,022H.I.G. GROWTH BUYOUTS & EQUITY FUND III, L.P. (10,677) H.I.G. MIDDLE MARKET LBO FUND III, L.P. 25,741 H.I.G. MIDDLE MARKET III AIV V, L.P. 1,265 HEALTHCARE ROYALTY PARTNERS III, L.P. 11,267ICON VENTURES V, L.P. 95 INSIGNIA CAPITAL PARTNERS II, L.P (22,901) JACKSON SQUARE VENTURES III, L.P. 136 JMI EQUITY FUND X-B, L.P. (58,135) K4 PRIVATE INVESTORS, L.P. 642 KPS SPECIAL SITUATIONS FUND V (A), L.P. 6,063 LAV BIOSCIENCES FUND V, L.P. 195 LAV FUND VI OPPORTUNITIES, L.P. 321 LAV FUND VI, L.P. 540 LEGACY VENTURE VI, LLC (408) LEVEL EQUITY GROWTH PARTNERS III, L.P. 1,327 LEVEL EQUITY GROWTH PARTNERS IV, L.P. (1,006) LEVEL EQUITY GROWTH PARTNERS V, L.P. (4,758) LONE STAR EUROPE HOLDINGS (U.S.), L.P. 30LONE STAR FUND VII (U.S.), L.P. 71 LONE STAR FUND VIII (U.S.), L.P. 882 LONE STAR FUND X (U.S.), L.P. (577) LONE STAR FUND XI, L.P. 27,080LONE STAR REAL ESTATE FUND II (U.S.), L.P. 76 LONE STAR REAL ESTATE FUND III (U.S.), L.P. 43LONE STAR REAL ESTATE FUND IV (U.S.), L.P. (2,446) LONE STAR REAL ESTATE FUND VI, L.P. 7,342LONE STAR US INVESTMENTS, LP 395 LSF X U.S. HOLDINGS, L.P. 143,640 MADISON INTERNATIONAL REALT ESTATE LIQUIDITY FUND V, LP 6MERITECH FRANCHISE FUND, L.P. (65) MERITECH CAPITAL PARTNERS VII, L.P. (1,324)METROPOLITAN REAL ESTATE PARTNERS GLOBAL II LP 306METROPOLITAN REAL ESTATE PARTNERS GLOBAL III LP 446 METROPOLITAN REAL ESTATE PARTNERS IV-A LP 4 MULTICOIN VENTURE FUND III US, LP 245MULTICOIN CONCENTRATED FUND, LP 1,869NATURAL GAS PARTNERS IX, L.P. 11NEW ENTERPRISE ASSOCIATES 15, L.P. 136 NEW ENTERPRISE ASSOCIATES 16, L.P. (65)NORTHGATE GLOBAL EMERGING MARKETS LP 403 NORTHGATE IV, L.P. 755NORTHGATE PRIVATE EQUITY PARTNERS II (Q) LP 36 NORTHGATE PRIVATE EQUITY PARTNERS III LP 3,101 NORTHGATE VENTURE PARTNERS III, L.P. 61 OLYMPUS GROWTH FUND VII AIV (CAYMAN), L.P. (638) OLYMPUS GROWTH FUND VII PARALLEL L.P. 35,687 OWL CREEK MGM FUND, L.P. 77 OWL CREEK MGM GUND, LP - 10.2019 231PARK STREET CAPITAL NATURAL RESOURCE FUND III LP 3,403PARK STREET CAPITAL NATURAL RESOURCE FUND IV LP 3,446 PARK STREET CAPITAL NATURAL RESOURCE FUND V LP 44,646 PETERSHILL IV LLC (7,585)POLYCHAIN FUND I, L.P. 318,180 POLYCHAIN VENTURES II, L.P. 55,127PROPHET EQUITY II (14,885) RESOURCE CAPITAL FUND VII, L.P. 2,445 REVELATION HEALTHCARE FUND III, L.P. (40,707)ROUND HILL MUSIC ROYALTY FUND LP (3,107) ROUND HILL MUSIC ROYALTY FUND II LP (59,423)SANDERS CAPITAL ALL ASSET VALUE FUND, L.P. - SERIES 1 637,674 SCALE VENTURE PARTNERS VII, LP 355SERENT CAPITAL IV, L.P. (22,075) SIRCHESTER INTERNATIONAL VALUE EQUITY TRUST 1,289,818 SILVER LAKE PARTNERS VI, L.P. 669 SLP VI REGAL FEEDER I, L.P. 2,914 STANDARD CRYPTO FLAGSHIP FUND, L.P. 3,023 STANDARD CRYPTO VENTURE FUND I LP (44)STRATEGIC INVESTORS FUND VIII, L.P. 3,423SVB STRATEGIC INVESTORS FUND VI, LP 7,485 SYBIL CAPITAL FUND I-A L.P. (20) SYCAMORE PARTNERS III-A, L.P. 68,564 SP III-A AIV, L.P. 1,057TENZING PRIVATE EQUITY II L.P. 116,365 THOMA BRAVO FUND XIV L.P. (5,483)THOMA BRAVO FUND XV L.P. (18,238)U.S. RESEARCH EQUITY EXTENDED FUND, L.P. 326,152 VENROCK OPPORTUNITIES FUND, L.P. (2,787) VENROCK HEALTHCARE CAPITAL PARTNERS EG, LP 675VINTAGE IX B LP (4,769)WELLINGTON TRUST CTF ENERGY PORTFOLIO 230,803 WELLINGTON TRUST CTF MICRO CAP EQUITY PORTFOLIO 281,203 WELLINGTON VENTURE INVESTMENTS I, L.P (2,189)WOODBOURNE CANADIAN PARTNERS II (2,850) XFUND 2, L.P. [CLASS A] 76 HG VORA SPECIAL OPPORTUNITIES FUND 114,132TWO SIGMA RISK PREMIA ENHANCED 98,969CAXTON MACRO LIMITED 2,073,329MCP PRIVATE CAPITAL (FEEDER) FUND III 83,040 PUBLICLY TRADED PARTNERSHIP ACTIVITY 0 PASSIVE OTHER INCOME (LOSS) 781,212 PRIOR YEAR PASSIVE LOSS RELEASED - FINAL YEAR 0TOTAL OTHER INCOME TO LINE 11(B) & 11(C) 9,810,119

TY 2022 InvestmentsCorpStockSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY SECURITIES 104,192,986 104,192,986
OTHER 429,767,329 429,767,329

TY 2022 LegalFeesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 683,530 588,225 588,225 89,489


TY 2022 MortgagesAndNotesPayableSch
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Total Mortgage Amount:  

Item No. 1
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 1,300,000
Balance Due 726,757
Date of Note 2004-09
Maturity Date 2032-07
Repayment Terms MONTHLY INTEREST ONLY PAYMENTS
Interest Rate 3.800000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF AND IMPROVEMENTS TO OFFICE SPACE AT 1100 ALAKEA ST.
Description of Lender Consideration  
Consideration FMV  

Item No. 2
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 1,350,000
Balance Due 858,997
Date of Note 2008-02
Maturity Date 2023-11
Repayment Terms $6,455 MONTHLY PAYMENTS
Interest Rate 2.500000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF AND IMPROVEMENTS TO WILI PA LOOP PROJECT
Description of Lender Consideration  
Consideration FMV  

Item No. 3
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 5,000,000
Balance Due 3,437,093
Date of Note 2012-06
Maturity Date 2032-07
Repayment Terms $24,314.00 MONTHLY PAYMENTS
Interest Rate 3.800000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan PAY DOWN REVOLVING CREDIT LINE & REIMBURSE BORROWER FOR WAIANAE EXPENDITURES
Description of Lender Consideration  
Consideration FMV  

Item No. 4
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 5,500,000
Balance Due 4,558,787
Date of Note 2015-12
Maturity Date 2025-12
Repayment Terms $24,544.00 MONTHLY PAYMENTS
Interest Rate 2.500000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF LEIHANO PROJECT
Description of Lender Consideration  
Consideration FMV  

Item No. 5
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 768,000
Balance Due 674,464
Date of Note 2018-03
Maturity Date 2048-03
Repayment Terms $3,779.00 MONTHLY PAYMENTS
Interest Rate 3.000000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF CAPITOL PLACE CONDOMINIUM
Description of Lender Consideration  
Consideration FMV  

Item No. 6
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 2,512,500
Balance Due 2,328,001
Date of Note 2020-04
Maturity Date 2030-05
Repayment Terms $12,112.00 MONTHLY PAYMENTS
Interest Rate 2.700000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF LEIHANO LOT 16
Description of Lender Consideration  
Consideration FMV  

Item No. 7
Lender's Name BANK OF HAWAII
Lender's Title  
Relationship to Insider NONE
Original Amount of Loan 16,000,000
Balance Due 16,000,000
Date of Note 2021-11
Maturity Date 2031-11
Repayment Terms MONTHLY INTEREST ONLY PAYMENTS
Interest Rate 2.700000000000
Security Provided by Borrower FIXED INCOME SECURITY INVESTMENT
Purpose of Loan FINANCE PURCHASE OF AND RENOVATION OF CERTAIN REAL PROPERTY
Description of Lender Consideration  
Consideration FMV  


TY 2022 OtherAssetsSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
STRAIGHT-LINE RENT RECEIVABLE 18,747,076 18,939,744 18,939,744
INVESTMENT RECEIVABLE 586,518 12,619,971 12,619,971
OPERATING LEASE RIGHT-OF-USE ASSET 0 1,033,507 1,033,507


TY 2022 OtherDecreasesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Amount
NET UNREALIZED GAIN/(LOSS) ON INVESTMENTS 113,114,031


TY 2022 OtherExpensesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL ASSISTANCE 458,441 0 0 588,349
PARTNERSHIPS AND COLLABORATIONS 473,660 0 0 370,510
REPAIRS & MAINTENANCE 797,915 24,796 24,796 775,019
SUPPLIES 310,684 10,928 10,928 294,771
UTILITIES 293,193 528 528 289,725
INFORMATION TECHNOLOGY 861,895 104,907 104,907 762,018
TELEPHONE 209,905 13,208 13,208 195,614
INSURANCE 1,054,973 89,852 89,852 927,749
EQUIPMENT RENTAL 253,467 18,651 18,651 230,232
EDUCATION 88,333 10,629 10,629 237,913
DUES 64,789 20,623 20,623 44,167
REAL ESTATE GENERAL 3,718,290 3,718,290 3,718,290 0
REAL ESTATE MANAGEMENT FEES 178,534 178,534 178,534 0
LEASING COMMISSION 85,923 85,923 85,923 0
BAD DEBT EXPENSE 539,136 539,136 539,136 0
UBIT FROM SCHEDULE K-1S 1,070,374 0 81,387 0
OTHER EXPENSES 741,199 164,233 164,233 572,325


TY 2022 OtherIncomeSchedule2
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME - INVESTMENT INCOME 4,582,142   4,582,142
OTHER INCOME - NANA I KE KUMU 7,092   7,092
OTHER INCOME - LATE FEES 105,296   105,296
OTHER INCOME - TRANSFER FEES 3,151   3,151
OTHER INCOME - FOREIGN EXCHANGE GAIN/LOSS -2,380   -2,380


TY 2022 OtherIncreasesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Amount
FASB STATEMENT 158 ADJUSTMENT 220,405


TY 2022 OtherLiabilitiesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED VACATION 72,199 83,142
ACCRUED POSTRETIREMENT BENEFITS 1,010,977 743,386
OPERATING LEASE LIABILITIES 0 1,062,924
INVESTMENTS PAYABLE 0 1,395,946


TY 2022 OtherProfessionalFeesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT SERVICES 93,050 93,050 93,050 0
OTHER PROFESSIONAL FEES 4,786,575 2,825,253 2,825,253 1,768,397


TY 2022 TaxesSchedule
Name:
LILIUOKALANI TRUST
EIN:
99-0078890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL PROPERTY TAX 4,915,341 4,730,993 4,730,993 189,870
HAWAII GENERAL EXCISE TAX 1,340,800 1,340,800 1,340,800 0
INCOME & FOREIGN TAX 54,307 54,307 54,307 0