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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
CONSUELO ZOBEL ALGER FOUNDATION
 
% CONSUELO ZOBEL ALGER FDN
Number and street (or P.O. box number if mail is not delivered to street address)110 NORTH HOTEL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96817
A Employer identification number

99-0266163
B Telephone number (see instructions)

(808) 532-3939
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$201,164,104J 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) 275,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,704,266 4,214,956 3,704,266
5a Gross rents............ 162,413 162,413 162,413
b Net rental income or (loss) 125,486
6a Net gain or (loss) from sale of assets not on line 10 6,827,265
b Gross sales price for all assets on line 6a 183,766,825
7 Capital gain net income (from Part IV, line 2)... 7,644,357
8 Net short-term capital gain.........  
9 Income modifications........... 6,988
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
139,273 467,286 35,987
12 Total. Add lines 1 through 11........ 11,108,217 12,489,012 3,909,654
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 701,465     745,044
14 Other employee salaries and wages...... 1,212,171 37,890 37,890 1,173,680
15 Pension plans, employee benefits....... 458,277 7,045 7,045 406,147
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
21,873 0 0 21,789
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
246,601 0 0 267,129
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,050,830 600,107 600,107 648,533
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
367,307 64,660 2,047 35,257
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
199,064 28,944 199,064
20 Occupancy.............. 6,045 5,069 5,069 1,743
21 Travel, conferences, and meetings....... 689,756     660,922
22 Printing and publications.......... 9,785     9,785
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,665,170 350,414 7,840 2,557,755
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,628,344 1,094,129 859,062 6,527,784
25 Contributions, gifts, grants paid....... 135,123 135,123
26 Total expenses and disbursements. Add lines 24 and 25 7,763,467 1,094,129 859,062 6,662,907
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,344,750
b Net investment income (if negative, enter -0-) 11,394,883
c Adjusted net income (if negative, enter -0-)... 3,050,592
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,772,207 3,266,180 3,266,180
3 Accounts receivable right arrow350,162
Less: allowance for doubtful accounts right arrow   476,718 350,162 350,162
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 124,099 74,866 74,866
10a Investments—U.S. and state government obligations (attach schedule) 11,575,338 Click to see attachment
List of Attached Documents:
// Content
12,466,265 		12,466,265
b Investments—corporate stock (attach schedule)....... 131,532,113 Click to see attachment
List of Attached Documents:
// Content
107,333,752 		107,333,752
c Investments—corporate bonds (attach schedule)....... 19,528,787 Click to see attachment
List of Attached Documents:
// Content
11,510,986 		11,510,986
11 Investments—land, buildings, and equipment: basis right arrow1,091,262
Less: accumulated depreciation (attach schedule) right arrow957,158 164,784 Click to see attachment
List of Attached Documents:
// Content
134,104 		4,468,096
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment
List of Attached Documents:
// Content
51,324,332 		51,324,332
14 Land, buildings, and equipment: basis right arrow7,630,075
Less: accumulated depreciation (attach schedule) right arrow4,113,551 3,621,732 Click to see attachment
List of Attached Documents:
// Content
3,516,524 		10,218,295
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
200,122 		Click to see attachment
List of Attached Documents:
// Content
151,170 		Click to see attachment
List of Attached Documents:
// Content
151,170
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 170,995,900 190,128,341 201,164,104
Liabilities 17 Accounts payable and accrued expenses.......... 1,185,592 1,036,725
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
85,168 		Click to see attachment
List of Attached Documents:
// Content
249,168
23 Total liabilities (add lines 17 through 22)......... 1,270,760 1,285,893
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........... 173,702,884 188,740,070
25 Net assets with donor restrictions............ 22,256 102,378
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)..... 173,725,140 188,842,448
30 Total liabilities and net assets/fund balances (see instructions). 174,995,900 190,128,341
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
173,725,140
2
Enter amount from Part I, line 27a .....................
2
3,344,750
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,802,318
4
Add lines 1, 2, and 3 ..........................
4
188,872,208
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
29,760
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
188,842,448
Form 990-PF (2023)
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 INVESTMENTS - PUBLICLY TRADED SECURITIES P    
b OTHER PI INVESTMENTS - PUBLICLY TRADED SECURITIES P    
c INVESTMENTS - AYALA STOCK P    
d CAPITAL GAINS FROM PARTNERSHIPS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 178,464,840   174,508,744 3,956,096
b 980,663   980,663  
c 3,821,706   633,061 3,188,645
d 499,616     499,616
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,956,096
b        
c       3,188,645
d       499,616
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,644,357
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 -64,201
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:   (attach copy of letter if necessary–see instructions) 1 158,389
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........................... 3 158,389
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- ..... 5 158,389
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 157,292
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 82,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 239,292
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 80,903
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow80,903 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment
List of Attached Documents:
// Content
....................
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
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 2023 or the taxable year beginning in 2023? 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
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.CONSUELO.ORG
14
The books are in care ofright arrowCONSUELO ZOBEL ALGER FDN Telephone no.right arrow (808) 532-3939

Located atright arrow110 NORTH HOTEL STREETHONOLULUHI ZIP+4right arrow96817
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 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowRP
Form 990-PF (2023)
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
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)
Yes
 
(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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 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.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
CONSTANCE H LAUClick to see attachment
List of Attached Documents:
// Content
CHAIRMAN
4.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
PATTI J LYONSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
8.0 		18,000 17,965 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
JEFFREY N WATANABEClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
4.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
I PATRICK GRIGGSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
5.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
ALEJANDRO Z PADILLAClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
3.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
ROBERT S TSUSHIMAClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
4.0 		13,500 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
DONALD W LAYDENClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
2.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
HOYT H ZIAClick to see attachment
List of Attached Documents:
// Content
SECRETARY
4.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
TIMOTHY E JOHNSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
3.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
RACHAEL WONGClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
4.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
GREGORY AUBERRYClick to see attachment
List of Attached Documents:
// Content
PRESIDENT & CEO
40.0 		329,729 46,475 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
CHRISTINA KLEMMEClick to see attachment
List of Attached Documents:
// Content
TREASURER & CFO
40.0 		184,236 30,694 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
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
AMOSA OTT DIRECTOR OF OPS
40.0 		84,978 3,536 0
110 N HOTEL STREET
HONOLULU,HI96817
REYNELLE SHIM SENIOR ACCOUNTANT
40.0 		77,719 17,729 0
110 N HOTEL STREET
HONOLULU,HI96817
DAWN MAHI PROGRAM OFFICER
40.0 		90,000 18,860 0
110 N HOTEL STREET
HONOLULU,HI96817
LAUREN PELASCINI QA DIRECTOR
40.0 		122,896 22,764 0
110 N HOTEL STREET
HONOLULU,HI96817
DR MARIELLA CASTILLO MANAGING DIRECTOR
40.0 		111,109 3,633 0
110 N HOTEL STREET
HONOLULU,HI96817
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
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
DELOITTE & TOUCHE LLP AUDIT/TAX CONSULTING 255,208
999 BISHOP STREET SUITE 2700
HONOLULU,HI96813
HUI MALAMA I KE ALA ULILI (huiMAU) PROGRAM CONSULTING 154,210
PO BOX 6
PAAUILO,HI96776
MOLOKAI CHILD ABUSE PREVENTION PATHWAYS PROGRAM CONSULTING 120,700
PO 1049
KAUNAKAKAI,HI96748
ACCOUNTING MICRO SYSTEMS ACTG & SAP SYSTEMS 106,645
72 22ND AVENUE
SAN FRANCISCO,CA94121
CAMBRIDGE ASSOCIATES LLC INVEST. CONSULTING 441,223
PO BOX 412015
BOSTON,MA02241
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 CONSUELO FOUNDATION: CONSUELO ON WHEELS; LIFE SKILLS PLUS PROGRAM 132,752
2 CHILD AND FAMILY SERVICE PHILIPPINES PROJECT: RECOVERY PROGRAM, ADVOCACY, AND ADMIN SUPPORT. 284,064
3 CONSUELO FOUNDATION: PARTNER CAPACITY BUILDING TRAININGS, WORSKHOPS, TECHNICAL SUPPORT TO CONSUELO PARTNERS 199,791
4 CONSUELO FOUNDATION: ADVOCACY; SUPPORT FOR ADVOCACY ACTIVITIES FOR THE PROTECTION OF CHILDREN 217,561
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)
Form 990-PF (2023)
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
121,362,785
b
Average of monthly cash balances.......................
1b
3,166,324
c
Fair market value of all other assets (see instructions)................
1c
56,057,516
d
Total (add lines 1a, b, and c).........................
1d
180,586,625
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
180,586,625
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,708,799
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
177,877,826
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,893,891
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
6,662,907
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
83,179
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,746,086
Form 990-PF (2023)
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  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
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)
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
1989-06-12
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) 2023 (b) 2022 (c) 2021 (d) 2020
3,050,592 4,080,840 4,037,959 2,428,882 13,598,273
b 85% (0.85) of line 2a ......... 2,593,003 3,468,714 3,432,265 2,064,550 11,558,532
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		6,746,086 7,384,248 7,504,027 6,002,905 27,637,266
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 .... 		6,746,086 7,384,248 7,504,027 6,002,905 27,637,266
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 .. 		5,929,261 6,090,031 6,740,135 5,736,505 24,495,932
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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 (2023)
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)
aPaid during the year

CHILD & FAMILY SERVICE

1001 BISHOP STREET STE 780
HONOLULU,HI96813 		NONE PC SECOND PAYMENT ANNUAL PLEDGE FOR NEXT 4 YRS 15,000

CHILD AND FAMILY SERVICE PHILIPPINES INC

11 MANZANILLO SUBD EASTER RD
BAGUIO CITY   2500
RP 		NONE NC SUPPORT FOR PROGRAM FOR CHILDREN 35,123

HAWAII CHILDREN'S ACTION NETWORK

PO BOX 23198
HONOLULU,HI96823 		  PC HAWAII COALITION FOR IMMIGRANT RIGHTS; ASSIST WITH EMERGENCY WORK WITH LAHAINA SURVIVORS 20,000

MAUI UNITED WAY

95 MAHALANI STREET SUITE 24
WAILUKU,HI96793 		  PC MAUI FIRE RELIEF EFFORTS 25,000

ALA KUKUI

PO BOX 489
HANA,HI96713 		  PC SUPPORT WAHINE PO'AI CONFERENCE CONVENING COHORT OF 6 WOMEN NONPROFIT EXECUTIVES 25,000

WE ARE OCEANIA

720 N KING STREET
HONOLULU,HI96817 		  PC SUPPORT THEIR WORK WITH YOUTH AND FAMILIES IN THEIR COMMUNITY TO PROMOTE WELL BEING AND PREVENT CHILDHOOD ADVERSITY 15,000
Total .................................right arrow 3a 135,123
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
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
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 3,704,266  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 125,486  
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 6,827,265  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGAIN ON SALE OF SELF-HELP HOUSING 		    18 65,126  
bMISCELLANEOUS INCOME FROM INVESTMENTS     01 35,987  
cOTHER MISCELLANEOUS INCOME     01 1,505  
dFOREIGN EXCHANGE GAIN     01 36,655  
e
12 Subtotal. Add columns (b), (d), and (e) ..   10,796,290  
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,796,290
(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 (2023)
Form 990-PF (2023)
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 (2023)
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
2023
Name of the organization
CONSUELO ZOBEL ALGER FOUNDATION
 
Employer identification number

99-0266163
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
CONSUELO ZOBEL ALGER FOUNDATION
  		Employer identification number
99-0266163
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
PATTI LYONS
3057 PAPALI STREET
 
HONOLULU, HI96819

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ROBERT JEANNE TSUSHIMA
4389 MALIA STREET 109
 
HONOLULU, HI96821

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
DIRECT RELIEF
6100 WALLACE BECKNELL RD
 
SANTA BARBARA, CA93117

$ 225,000


(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.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
CONSUELO ZOBEL ALGER FOUNDATION
  		Employer identification number

99-0266163
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
CONSUELO ZOBEL ALGER FOUNDATION
  		Employer identification number

99-0266163
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING EXPENSE 246,601 0 0 267,129

TY 2023 CompensationExplanation
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Person Name Explanation
CONSTANCE H LAU OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
PATTI J LYONS PATTI LYONS' COMPENSATION INCLUDES THE FOLLOWING: 1) BOARD MEETING FEES AND HONORARIUM. TIME DEVOTED TO PATTI'S ROLE AS A BOARD MEMBER IS APPROXIMATELY 5 HOURS PER WEEK. 2) CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS. OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
JEFFREY N WATANABE OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
I PATRICK GRIGGS OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
ALEJANDRO Z PADILLA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
ROBERT S TSUSHIMA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
DONALD W LAYDEN OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
HOYT H ZIA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
TIMOTHY E JOHNS OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
RACHAEL WONG OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.

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TY 2023 DepreciationSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
HI - LAND - HOTEL 2003-01-01 1,376,219 0 L          
HI - BLDG - HOTEL 2003-01-01 3,316,992 2,221,348     107,321      
HI - EQUIPMENT 2003-01-01 87,408 86,182            
HI - COMPUTERS 2003-01-01 69,207 43,441     7,432      
HI - FF&E 2003-01-01 295,485 292,567     1,184      
HI - SOFTWARE 2003-01-01 67,303 4,813     3,721      
HI - ARTWORK 2012-01-01 11,193 0            
BLDG-CITI(NONC) 2003-01-01 903,657 757,969     27,612      
PI - BLDG-CITI (C) 2003-01-01 1,123,749 942,260     33,659      
PI - CONDO (NONC) 2003-01-01 187,605 165,728     5,849      
PI - EQUIPMENT 2003-01-01 85,817 63,302     4,832      
PI - COMPUTERS 2006-01-01 90,223 53,982     8,144      
PI - FF&E 2003-01-01 202,601 194,004     1,768      
PI - VEHICLES 2006-01-01 46,377 37,095     6,496      
PI - OIL PAINTINGS 2003-01-01 14,424 0            
HI - PIP - LAND 2003-01-01 649,758 0 L          
HI - PIP - INFRA 2003-01-01 193,319 0            

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TY 2023 ExpenditureResponsibilityStmt
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CHILD AND FAMILY SERVICE PHILIPPINES INC
  		11 MANZANILLO SUBD EASTER RD
BAGUIO CITY   2600
RP 		2023-05-25 32,223 SUPPORT FOR PROGRAM FOR CHILDREN 32,223 NO 05/25/2023 2023-05-25 THE GRANTOR ENSURED THAT THE GRANT WAS USED FOR ITS INTENDED PURPOSE BY DEPOSITING FUNDS DIRECTLY INTO GRANTEE'S ACCOUNT AND INSTRUCTING GRANTEE OF THE PURPOSE OF THE GRANT. THE GRANTOR HAS NO REASON TO DOUBT THAT THE GRANT WAS USED FOR ANY OTHER PURPOSE.

TY 2023 InvestmentsCorpBondsSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Name of Bond End of Year Book Value End of Year Fair Market Value
PAYDEN & RYGEL 11,510,986 11,510,986
BNY MUTUAL FUNDS GROUP 0 0

TY 2023 InvestmentsCorpStockSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Name of Stock End of Year Book Value End of Year Fair Market Value
PAYDEN & RYGEL 2,997,818 2,997,818
DREYFUS INST'L RES MM FUND 47,532 47,532
LADDERED BONDS 3,995,765 3,995,765
CONSUELO COMMINGLED FUNDS 13,528 13,528
FIDUCIARY MANAGEMENT 6,889,324 6,889,324
BANK OF THE PHILIPPINE ISLANDS 6,620,392 6,620,392
BNY MUTUAL FUNDS GROUP 86,702,757 86,702,757
SCULPTOR OVERSEAS FUND, LTD. 4,693 4,693
ARROWSTREET GLB A EX 0 0
CASH HELD AT FUND (NIB) 61,943 61,943

TY 2023 InvestmentsGovtObligationsSch
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
US Government Securities - End of Year Book Value:

12,466,265
US Government Securities - End of Year Fair Market Value:

12,466,265
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsLandSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BLDG-CITI(NONC) 903,657 785,581 118,076  
PI - CONDO (NONC) 187,605 171,577 16,028  

TY 2023 InvestmentsOtherSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACADIAN INT'L SMALL CAP FUND   2,038,503 2,038,503
ARROWSTREET CAPITAL GLB EQ   7,596,127 7,596,127
DAVIDSON KEMPNER INST'L PTRS   4,191,285 4,191,285
DOVER STREET XI   439,730 439,730
DW HEALTHCARE PTRS SMALL CAP   808,740 808,740
EVANSTON CAPITAL ALPHA   5,236,087 5,236,087
FIRST EAGLE US SMALL CAP   2,187,753 2,187,753
GLOBAL RESEARCH EQ EXT FUND   6,937,821 6,937,821
ISAM   3,973,269 3,973,269
RENAISSANCE INST'L EQ PTRS   4,172,100 4,172,100
TWO SIGMA EXT U.S. ALL CAP EQ   5,882,588 5,882,588
SILCHESTER INT'L INV INT'L VAL   7,860,329 7,860,329

TY 2023 LandEtcSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
HI - LAND - HOTEL 1,376,219 0 1,376,219  
HI - BLDG - HOTEL 3,316,992 2,328,669 988,323  
HI - EQUIPMENT 87,408 86,182 1,226  
HI - COMPUTERS 69,207 50,873 18,334  
HI - FF&E 295,485 293,751 1,734  
HI - SOFTWARE 67,303 8,534 58,769  
HI - ARTWORK 11,193 0 11,193  
PI - BLDG-CITI (C) 1,123,749 975,919 147,830  
PI - EQUIPMENT 85,817 68,134 17,683  
PI - COMPUTERS 90,223 62,126 28,097  
PI - FF&E 202,601 195,772 6,829  
PI - VEHICLES 46,377 43,591 2,786  
PI - OIL PAINTINGS 14,424 0 14,424  
HI - PIP - LAND 649,758 0 649,758  
HI - PIP - INFRA 193,319 0 193,319  


TY 2023 LegalFeesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL EXPENSE 21,873 0 0 21,789


TY 2023 OtherAssetsSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSETS 200,122 151,170 151,170


TY 2023 OtherDecreasesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Amount
OTHER COMPREHENSIVE LOSS 29,760


TY 2023 OtherExpensesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 85,648 724 724 69,599
LICENSES & FEES 4,574 2,047 2,047 -2,533
STAFF DEVELOPMENT 11,404     11,404
UTILITIES 45,925     47,816
MAINTENANCE 157,833     169,230
SUPPLIES 71,862     66,757
TELEPHONE 48,459     47,496
MISCELLANEOUS 0     -11,280
COMMUNITY RELATIONS 69,463     74,484
EMPLOYEE RELATIONS 31,063     30,912
SECURITY 3,965     2,659
POSTAGE 6,414     2,747
MEALS & ENTERTAINMENT       6,745
LOSS ON SALE OF EQUIPMENT 655     655
DUES & SUBSCRIPTIONS 95,104 5,069 5,069 67,362
OTHER PROGRAM EXPENDITURES 1,950,226     1,878,511
CABLE/INTERNET       197
COMPUTER EXPENSE 82,575     94,994
OTHER EXPENSES FROM P'SHIPS   342,574    


TY 2023 OtherIncomeSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GAIN ON SALE OF SELF-HELP HOUSING 65,126    
MISCELLANEOUS INCOME FROM INVESTMENTS 35,987 35,987 35,987
OTHER MISCELLANEOUS INCOME 1,505    
FOREIGN EXCHANGE GAIN 36,655    
OTHER INCOME FROM P'SHIPS   431,299  


TY 2023 OtherIncreasesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Amount
UNREALIZED GAIN 11,802,318


TY 2023 OtherLiabilitiesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL TAXES 85,168 249,168


TY 2023 OtherProfessionalFeesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 1,050,830 600,107 600,107 648,533


TY 2023 TaxesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CURRENT NET INVESTMENT INCOME 178,520     13,430
DEFERRED NET INVESTMENT INCOME 164,047     0
PHILIPPINE INCOME TAX 24,084 1,696 1,696 21,522
REAL PROPERTY TAXES 656 351 351 305
FOREIGN TAXES FROM P'SHIPS   62,613