TY 2023 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.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
BOUSLOG SAWYER CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)63 MERCHANT STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96813

A Employer identification number

27-6061515

B Telephone number (see instructions)

(808) 537-3327

C If exemption application is pending, check here right arrow

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............. right arrow

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

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

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 ....... right arrow

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

$7,539,941J 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
4	Dividends and interest from securities...	144,794		144,794
5a	Gross rents............	14,400		14,400
b	Net rental income or (loss) -60,837
6a	Net gain or (loss) from sale of assets not on line 10		-77,702
b	Gross sales price for all assets on line 6a 1,427,759
7	Capital gain net income (from Part IV, line 2)...			0
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........	81,492		159,194
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	9,048	5,027	4,021
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	25,028	25,028	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,211	4,369	842
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	60,246	35,041
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	58,007	40,293	10,646
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	157,540		109,758	15,509
25	Contributions, gifts, grants paid.......	306,657			306,657
26	Total expenses and disbursements. Add lines 24 and 25	464,197		109,758	322,166
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-382,705
b	Net investment income (if negative, enter -0-)			49,436
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

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.............	135,010	108,208	108,208
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 1,036,264
		Less: accumulated depreciation (attach schedule) 363,185	700,239	List of Attached Documents: // Content 673,079	666,010
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,835,907	List of Attached Documents: // Content 4,593,784	5,313,899
	14	Land, buildings, and equipment: basis 1,753,353
		Less: accumulated depreciation (attach schedule) 474,257	1,305,113	List of Attached Documents: // Content 1,279,096	1,279,096
	15	Other assets (describe )	List of Attached Documents: // Content 172,728	List of Attached Documents: // Content 172,728	List of Attached Documents: // Content 172,728
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,148,997	6,826,895	7,539,941
	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 )	List of Attached Documents: // Content 7,218	List of Attached Documents: // Content 7,218
	23	Total liabilities (add lines 17 through 22).........	7,218	7,218
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	7,141,779	6,819,677
	29	Total net assets or fund balances (see instructions).....	7,141,779	6,819,677
	30	Total liabilities and net assets/fund balances (see instructions).	7,148,997	6,826,895

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

7,141,779

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

-382,705

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

60,603

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

6,819,677

Decreases not included in line 2 (itemize) right arrow

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

6,819,677

Form 990-PF (2023)

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	LPL FINANCIAL 1625 (AVAILABLE UPON REQUEST)	P	2023-01-01	2023-12-31
b	LPL FINANCIAL 1625 (AVAILABLE UPON REQUEST)	P	2022-01-01	2023-12-31
c	LPL FINANCIAL 1625 (AVAILABLE UPON REQUEST)	P	2022-01-01	2023-12-31
d	FHB 9501 (AVAILABLE UPON REQUEST)	P	2022-01-01	2023-12-31
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	530,733	543,977	-13,244
b	624,272	667,106	-42,834
c	21,195	26,074	-4,879
d	236,893	268,304	-31,411
e	14,666		14,666

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			-13,244
b			-42,834
c			-4,879
d			-31,411
e			14,666

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	-77,702
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

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)	1	687
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	687
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	687
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	6,922
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	6,922
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	6,235
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax6,235	Refunded	11	0

Form 990-PF (2023)

Page 4

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. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 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 2023 or the taxable year beginning in 2023? 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. Click to see attachment

List of Attached Documents:

// Content

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

Yes

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 right arrow

N/A

The books are in care of right arrow

MARK D BERNSTEIN Telephone no. right arrow

(808) 537-3327

Located at right arrow

63 MERCHANT STREETHONOLULUHI ZIP+4 right arrow

96813

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

16 At any time during calendar year 2023, 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

Form 990-PF (2023)

Page 5

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 ........ right arrow

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 2023? .............

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 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

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 2023 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 2023.) .....................

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 2023? ..

Form 990-PF (2023)

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 ......... right arrow

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARK D BERNSTEIN	TRUSTEE 2.50	0	0	0
63 MERCHANT STREET HONOLULU,HI96813	TRUSTEE 2.50	0	0	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 (2023)

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............. right arrow

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	TO MAINTAIN AND CONTINUE THE EXISTENCE OF THE HARRIET BOUSLOG LABOR SCHOLARSHIP FUND (HBLSF). THE HBSLF (EIN: 99-0268061) IS AN EXISTING TAX EXEMPT CHARITABLE CORPORATION WHICH CURRENTLY AWARDS TEN SCHOLARSHIPS PER YEAR.	0
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 arrow

Form 990-PF (2023)

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

5,114,706

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

153,748

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

877,519

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

6,145,973

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

6,145,973

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

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

92,190

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

6,053,783

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

302,689

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

302,689

Tax on investment income for 2022 from Part V, line 5.......

687

Income tax for 2022. (This does not include the tax from Part V.) ...

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

687

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

302,002

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

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

302,002

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

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

302,002

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 ..........

322,166

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. .......

322,166

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				302,002
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			306,657
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 322,166
a Applied to 2022, but not more than line 2a			306,657
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 2023 distributable amount.....				15,509
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2023.	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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				286,493
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 2018 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

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 IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(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 right arrow

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 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 (2023)

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
HARRIET BOUSLOG LABOR SCHOLARSHIP FUND 63 MERCHANT STREET HONOLULU,HI96813	N/A	PRIVATE FOUNDATION	MAINTAIN AND CONTINUE EXISTENCE OF FOUNDATION	306,657
Total ................................. 3a				306,657

bApproved for future payment

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

Form 990-PF (2023)

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 ...........
4 Dividends and interest from securities ....			14	144,794
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....	531120	-60,837
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	-77,702
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) ..		-60,837		67,092	0

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

6,255

(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.)
4	RELIES EXCLUSIVELY ON INVESTMENT MANAGER TO MANAGE INVESTMENT PORTFOLIO FOR INCOME AND SCHOLARSHIP AWARDS.

Form 990-PF (2023)

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 (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2023 DepreciationSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income
BUILDING	2009-09-01	277,530	94,584	SL	39.000000000000	7,116	0
LAND	2009-09-01	622,470		L		0	0
IMPROVEMENTS	2010-06-30	450,401	144,844	SL	39.000000000000	11,549	0
FURNITURE & FIXTURES	2010-06-30	65,172	65,172	200DB	7.000000000000	0	0
IMPROVEMENTS	2011-06-30	271,224	79,971	SL	39.000000000000	6,954	0
FURNITURE & FIXTURES	2011-06-30	39,246	39,246	SL	7.000000000000	0	0
IMPROVEMENTS	2011-06-30	680,836	200,756	SL	39.000000000000	17,457	17,457
FURNITURE & FIXTURES	2011-06-30	34,326	34,326	SL	7.000000000000	0	0
RICOH COPY MACHINE	2011-03-23	7,727	7,727	SL	5.000000000000	0	0
SAMSUNG MONITORS (2)	2011-03-23	408	408	SL	5.000000000000	0	0
OFFICEJET PRINTER	2011-03-23	214	214	SL	5.000000000000	0	0
FELLOWS POWERSHRED	2014-08-04	590	590	SL	5.000000000000	0	0
BTX COMPUTER	2014-08-04	1,359	1,359	SL	5.000000000000	0	0
APPLIANCES	2017-07-17	10,291	10,291	SL	5.000000000000	0	0
COMPUTER	2017-10-12	759	759	SL	5.000000000000	0	0
COMPUTER	2017-10-12	283	283	SL	5.000000000000	0	0
IMPROVEMENTS	2017-07-24	2,028	282	SL	39.000000000000	52	0
CABINETS	2017-04-25	9,632	7,797	SL	7.000000000000	1,376	1,376
SOFA BED	2017-06-26	7,500	5,891	SL	7.000000000000	1,071	1,071
CABINETS/COUNTERTOPS	2017-06-27	9,632	7,568	SL	7.000000000000	1,376	1,376
COUNTERTOPS	2017-07-15	8,568	6,732	SL	7.000000000000	1,224	1,224
LIGHTING	2017-07-17	555	555	SL	5.000000000000	0	0
RESTORE TABLES/CHAIRS	2017-10-12	2,758	2,069	SL	7.000000000000	394	394
LUGGAGE RACKS	2017-10-12	271	205	SL	7.000000000000	39	39
GLASS	2017-10-17	3,243	2,392	SL	7.000000000000	463	463
FLOORING	2017-10-17	3,196	599	SL	27.500000000000	116	116
LIGHTING	2017-11-22	623	623	SL	5.000000000000	0	0
KNOBS	2017-12-07	617	447	SL	7.000000000000	88	88
IMPROVEMENTS	2017-11-10	138,448	26,009	SL	27.500000000000	5,034	5,034
IMPROVEMENTS	2018-06-30	111,477	18,412	SL	27.500000000000	4,054	4,054
ALUMINUM DOOR CLOSER	2018-01-16	816	635	200DB	7.000000000000	72	117
STAINLESS STEEL COVERS	2018-01-16	101	79	200DB	7.000000000000	9	14
FINISH HARDWARE	2018-01-16	1,895	1,472	200DB	7.000000000000	169	271
CARPET TILES	2018-02-13	3,196	2,483	200DB	7.000000000000	285	457
FURNITURE & FIXTURES	2018-02-14	307	238	200DB	7.000000000000	28	44
LIGHTING	2018-03-02	623	587	200DB	5.000000000000	36	21
LIGHTING	2018-03-19	623	587	200DB	5.000000000000	36	31
BED	2018-04-17	4,088	3,176	200DB	7.000000000000	365	584
WINDOWS	2018-05-14	489	380	200DB	7.000000000000	44	70
LIGHTING	2018-05-14	637	600	200DB	5.000000000000	37	37
FURNITURE & FIXTURES	2018-05-14	211	164	200DB	7.000000000000	19	30
DINING TABLE PLEXI	2018-05-14	296	230	200DB	7.000000000000	26	42
BAR STOOLS	2018-05-14	1,455	1,131	200DB	7.000000000000	130	208
BENCH	2018-05-14	139	108	200DB	7.000000000000	12	20
COMPUTER WIFI	2018-06-18	418	394	200DB	5.000000000000	24	24
SONOS SPEAKERS	2018-06-18	398	375	200DB	5.000000000000	23	23
ART BOARD	2018-07-20	700	544	200DB	7.000000000000	62	100
FURNITURE & FIXTURES	2018-07-20	572	444	200DB	7.000000000000	51	82
FURNITURE & FIXTURES	2018-07-20	121	94	200DB	7.000000000000	11	17
FURNITURE & FIXTURES	2018-09-17	347	270	200DB	7.000000000000	31	50
ART BOARD	2018-09-17	752	584	200DB	7.000000000000	67	107
DELL COMPUTER	2019-12-20	3,159	2,510	200DB	5.000000000000	346	0

- TIN:

TY 2023 InvestmentsLandSchedule2

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value
IMPROVEMENTS	680,836	218,213	462,623
FURNITURE & FIXTURES	34,326	34,326	0
CABINETS	9,632	9,173	459
SOFA BED	7,500	6,962	538
CABINETS/COUNTERTOPS	9,632	8,944	688
COUNTERTOPS	8,568	7,956	612
LIGHTING	555	555	0
RESTORE TABLES/CHAIRS	2,758	2,463	295
LUGGAGE RACKS	271	244	27
GLASS	3,243	2,855	388
FLOORING	3,196	715	2,481
LIGHTING	623	623	0
KNOBS	617	535	82
IMPROVEMENTS	138,448	31,043	107,405
IMPROVEMENTS	111,477	22,466	89,011
ALUMINUM DOOR CLOSER	816	707	109
STAINLESS STEEL COVERS	101	88	13
FINISH HARDWARE	1,895	1,641	254
CARPET TILES	3,196	2,768	428
FURNITURE & FIXTURES	307	266	41
LIGHTING	623	623	0
LIGHTING	623	623	0
BED	4,088	3,541	547
WINDOWS	489	424	65
LIGHTING	637	637	0
FURNITURE & FIXTURES	211	183	28
DINING TABLE PLEXI	296	256	40
BAR STOOLS	1,455	1,261	194
BENCH	139	120	19
COMPUTER WIFI	418	418	0
SONOS SPEAKERS	398	398	0
ART BOARD	700	606	94
FURNITURE & FIXTURES	572	495	77
FURNITURE & FIXTURES	121	105	16
FURNITURE & FIXTURES	347	301	46
ART BOARD	752	651	101

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MAMMOTH DISCOVERY LP	AT COST	1	1
YOUNG OIL PROSPECT #28 LP	AT COST	1	1
COFFEE LOTS, SOUTH KONA-8.291 ACRES	AT COST	37,333	37,333
MORNING STAR LLC	AT COST	1,445	1,445
LPL 41625	AT COST	4,555,004	5,275,119

- TIN:

TY 2023 LandEtcSchedule2

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
BUILDING	277,530	101,700	175,830
LAND	622,470	0	622,470
IMPROVEMENTS	450,401	156,393	294,008
FURNITURE & FIXTURES	65,172	65,172	0
IMPROVEMENTS	271,224	86,925	184,299
FURNITURE & FIXTURES	39,246	39,246	0
RICOH COPY MACHINE	7,727	7,727	0
SAMSUNG MONITORS (2)	408	408	0
OFFICEJET PRINTER	214	214	0
FELLOWS POWERSHRED	590	590	0
BTX COMPUTER	1,359	1,359	0
APPLIANCES	10,291	10,291	0
COMPUTER	759	759	0
COMPUTER	283	283	0
IMPROVEMENTS	2,028	334	1,694
DELL COMPUTER	3,159	2,856	303

- TIN:

TY 2023 LegalFeesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL & PROFESSIONAL FEES	9,048	5,027		4,021

- TIN:

TY 2023 OtherAssetsSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
RECEIVABLE-ADMIN TRUST	28,500	28,500	28,500
LOAN-BROWN	61,642	61,642	61,642
PERSONAL PROPERTY	82,586	82,586	82,586

- TIN:

TY 2023 OtherExpensesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE EXPENSE	6,333	3,519	2,814
REPAIR & MAINTENANCE	2,971	1,651	1,320
UTILITIES	5,930	3,295	2,635
INSURANCE	7,154	3,975	3,179
EQUIPMENT	1,340	745	595
BANK CHARGES	11	6	5
OUTSIDE SERVICES	221	123	98
PENALTIES	7,068	0	0
REPAIR & MAINTENANCE	3,630	3,630	0
INSURANCE	7,522	7,522	0
OFFICE EXPENSE	7,741	7,741	0
UTILITIES	7,249	7,249	0
BANK CHARGES	14	14	0
OUTSIDE SERVICES	270	270	0
COMMISSIONS	553	553	0

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Description	Amount
UNREALIZED GAIN/LOSS	60,603

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Description	Beginning of Year - Book Value	End of Year - Book Value
DEPOSIT	6,747	6,747
HAWAII DEPARTMENT OF TAXATION-PAYABLE	471	471

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEE	13,969	13,969		0
LEGAL & PROFESSIONAL	11,059	11,059		0

- TIN:

TY 2023 SubstantialContributorsSch

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Name	Address
STEPHEN SAWYER	63 MERCHANT STREET HONOLULU,HI96813

- TIN:

TY 2023 TaxesSchedule

Name:

BOUSLOG SAWYER CHARITABLE TRUST

EIN:

27-6061515

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAX	346	346	0
PROPERTY TAX	1,895	1,053	842
GENERAL EXCISE TAX	653	653	0
PROPERTY TAX	2,317	2,317	0