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
FIRST HAWAIIAN BANK FOUNDATION
 
% FIRST HAWAIIAN BANK
Number and street (or P.O. box number if mail is not delivered to street address)999 BISHOP STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96813
A Employer identification number

23-7437822
B Telephone number (see instructions)

(808) 525-7777
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$4,426,322J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,004
2 Check right arrow.............
3 Interest on savings and temporary cash investments 23,677 23,677 23,677
4 Dividends and interest from securities... 169,996 169,996 169,996
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,901
b Gross sales price for all assets on line 6a 3,820,237
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)....... Click to see attachment
List of Attached Documents:
// Content
1,597   1,597
12 Total. Add lines 1 through 11........ 194,373 193,673 195,270
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
224 224 224  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 224 224 224 0
25 Contributions, gifts, grants paid....... 1,920,250 1,920,250
26 Total expenses and disbursements. Add lines 24 and 25 1,920,474 224 224 1,920,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,726,101
b Net investment income (if negative, enter -0-) 193,449
c Adjusted net income (if negative, enter -0-)... 195,046
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......... 678,271 2,157,130 2,157,130
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 29,542 Click to see attachment
List of Attached Documents:
// Content
15,023 		14,294
b Investments—corporate stock (attach schedule)....... 688,307 Click to see attachment
List of Attached Documents:
// Content
291,404 		498,087
c Investments—corporate bonds (attach schedule)....... 4,556,265 Click to see attachment
List of Attached Documents:
// Content
1,760,813 		1,747,656
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,241 		Click to see attachment
List of Attached Documents:
// Content
9,155 		Click to see attachment
List of Attached Documents:
// Content
9,155
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,959,626 4,233,525 4,426,322
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,959,626 4,233,525
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)..... 5,959,626 4,233,525
30 Total liabilities and net assets/fund balances (see instructions). 5,959,626 4,233,525
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
5,959,626
2
Enter amount from Part I, line 27a .....................
2
-1,726,101
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,233,525
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,233,525
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 76,395   77,598 -1,203
b 3,743,842   3,745,540 -1,698
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,203
b       -1,698
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -2,901
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 -1,203
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 2,689
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 2,689
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 2,689
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,598
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,598
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 8,909
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,909 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
 
No
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 arrowN/A
14
The books are in care ofright arrowFIRST HAWAIIAN BANK Telephone no.right arrow (808) 525-7777

Located atright arrow999 BISHOP STREETHONOLULUHI ZIP+4right arrow96813
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ROBERT S HARRISON CHAIRMAN AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CAMERON W NEKOTA PRESIDENT AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
ALTON A MURAKAMI VICE PRESIDENT AND TAX MANAGER
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
JOEL E RAPPOPORT VP, SECRETARY AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
JAMES M MOSES VP, TREASURER AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
ALAN H ARIZUMI DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CHRISTOPHER L DODS DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
GINA O W ANONUEVO DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CORBETT A K KALAMA DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
IRIS Y MATSUMOTO DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
DONALD G HORNER DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
RALPH M MESICK DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
LANCE MIZUMOTO DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
NEILL A CHAR DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
SHARON S BROWN DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
LEA M NAKAMURA DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
DARLENE N BLAKENEY DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
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
 
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  
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)
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
3,769,563
b
Average of monthly cash balances.......................
1b
1,291,756
c
Fair market value of all other assets (see instructions)................
1c
6,435
d
Total (add lines 1a, b, and c).........................
1d
5,067,754
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
5,067,754
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
76,016
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,991,738
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
249,587
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
249,587
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,689
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,689
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
246,898
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
246,898
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
246,898
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
1,920,250
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
0
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
1,920,250
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 7 246,898
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,016,478
b From 2019...... 980,371
c From 2020...... 3,163,510
d From 2021...... 1,291,368
e From 2022...... 1,619,770
f Total of lines 3a through e ........ 8,071,497
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,920,250
a Applied to 2022, but not more than line 2a 0
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..... 246,898
e Remaining amount distributed out of corpus 1,673,352
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 9,744,849
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...... 		 
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,016,478
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		8,728,371
10 Analysis of line 9:
a Excess from 2019.... 980,371
b Excess from 2020.... 3,163,510
c Excess from 2021.... 1,291,368
d Excess from 2022.... 1,619,770
e Excess from 2023.... 1,673,352
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
 
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
         
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).)
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 e-mail address of the person to whom applications should be addressed:
CAMERON W NEKOTA
999 BISHOP STREET
HONOLULU,HI96813
(808) 525-7777
bThe form in which applications should be submitted and information and materials they should include:
Submit a letter of request detailing the organization's purpose, tax-exempt status, and proposed use of funds.
cAny submission deadlines:
Applications are accepted at any time.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
There are no restrictions.
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

Pacific Asian Center for Entrepreneurship

University of Hawaii Shidler Colleg
2404 Maile Way E-402
Honolulu,HI96822 		  PC To support Residences for Innovative Student Entrepreneurs project. 75,000

Iolani School

563 Kamoku Street
Honolulu,HI96826 		  PC To support campus expansion (new Kinder-1st Grade Community). 50,000

The Queen's Health Systems

1301 Punchbowl Street
Honolulu,HI96813 		  PC To support conversion of rooms to dedicated Infectious Disease Program Units. 50,000

University of Hawaii Economic Research Org

2424 Maile Way
Saunders Hall 540
Honolulu,HI96822 		  PC To support economic research relevant to Hawaii and the Asia-Pacific region. 50,000

Waianae Coast Comprehensive Health Center

86-260 Farrington Highway
Waianae,HI96792 		  PC To support capital campaign to expand Dental Clinic. 50,000

Hawaiian Humane Society

2700 Waialae Avenue
Honolulu,HI96826 		  PC To support Ho'opili Campus capital campaign in West Oahu. 25,000

Kapiolani Health Foundation

55 Merchant Street Suite 2600
Honolulu,HI96813 		  PC To support Phase I upgrade to Pediatric Heart Center. 25,000

University of Hawaii Cancer Center

701 Ilalo Street
Honolulu,HI96813 		  PC To support Phase I of the "Expanding Cancer Research and Treatment for Hawaii's People" project to bring early clinical research trials to Hawaii and the Pacific Region. 25,000

American Heart Association Hawaii

707 Richards Street Suite 615
Honolulu,HI96813 		  PC To support Adopt-a-Clinic initiative to provide resources needed by at-risk individuals. 25,000

Child and Family Services

91-1841 Ft Weaver Road
Ewa Beach,HI96706 		  PC To support Stonger Families Fund to invest in strategic direction of the organization. 25,000

Diamond Head Theatre

520 Makapuu Avenue
Honolulu,HI96816 		  PC To support capital campaign for new arts center. 25,000

Foundation for Maryknoll School

1526 Alexander Street
Honolulu,HI96822 		  PC To support capital campaign to renovate Bachelot Hall into a performing arts center and parish hall. 25,000

Hawaii Homeownership Center

1259 Aala Street Suite 201
Honolulu,HI96817 		  PC To support Home Stability for Hawaii Project to promote home ownership and assist distressed owners and renters. 25,000

Palama Settlement

810 North Vineyard Blvd
Honolulu,HI96817 		  PC To support capital campaign for new Center for Innovation Digital Arts Academy program for low-income families. 25,000

Hawaii High School Automotive Academy

Honolulu Community College
874 Dillingham Blvd
Honolulu,HI96817 		  PC To support program for high school students interested in automotive industry. 18,000

Waipahu HS and Castle HS Culinary Arts Academy

Leeward Community College
96-045 Ala Ike Street
Pearl City,HI96782 		  PC To support students with hands-on food service course. 5,000

Youth Impact Program

c/o Sharon Brown
2330 Kaola Way 4
Honolulu,HI96813 		  PC To support Summer Camps for at-risk middle school students from low income, marginalized communities. 50,000

Special Olympics Hawaii

91-610 Maunakapu Street
Ewa Beach,HI96706 		  PC To support construction of building and play court at the organization's Sports and Wellness Center used by individuals with intellectual disabilities. 25,000

Aloha Harvest

3599 Waialae Avenue Suite 23
Honolulu,HI96816 		  PC To support development of the Food Resilience Hub, which will substantially increase the amount of food distributed and people served. 25,000

Big Brothers Big Sisters Hawaii

2119 N King Street Suite 202
Honolulu,HI96819 		  PC To support Mentoring for Mental Wellness in Hawaii's Youth program to support youth and families that have experienced serious trauma. 25,000

Chaminade University of Honolulu

3140 Waialae Avenue
Honolulu,HI96816 		  PC To support Economic Education Center for Excellence program to train teachers and students in financial literacy. 25,000

Hoola Na Pua

PO Box 22551
Honolulu,HI96823 		  PC To support Education and Advocacy Program to address the needs of children victimized and at risk for sexual exploitation. 25,000

Island School

3-1875 Kaumualii Highway
Lihue,HI96766 		  PC To support construction of new building for students of all grade levels on Kauai. 25,000

Mokuaikaua Church

75-5713 Alii Drive
KailuaKona,HI96740 		  PC To support capital campaign to complete renovation and repair to Mokuaikaua Church, a member of the National Register of Historic Places. 25,000

Dynamic Community Solutions

85-908 Waianae Valley Rd
Waianae,HI96792 		  PC To support construction of Phase I of Puuhonua O Waianae Farm Village for homeless individuals. 125,000

Sacred Hearts Academy

3253 Waialae Ave
Honolulu,HI96816 		  PC To support "Building Our Future: Educating Girls to Change the World" capital campaign. 50,000

Honpa Hongwanji Hilo Betsuin

398 Kilauea Ave
Hilo,HI96720 		  PC TO support the construction of a new preschool building in Hilo. 25,000

Hawaii Baptist Academy

420 Wyllie St
Honolulu,HI96817 		  PC To support Elementary Campus Facility transformation project. 50,000

Aloha United Way

200 N Vineyard Blvd Suite 700
Honolulu,HI96817 		  PC Corporate campaign pledge. 100,000

Parker School

65-1224 Lindsay Rd
Kamuela,HI96743 		  PC To support the purchase of a 14-passenger van to transport students. 50,000

Queen's Health Systems

1301 Punchbowl St
Honolulu,HI96813 		  PC To support temporary medical respite units for homeless individuals released from the hospital. 100,000

Straub Foundation

55 Merchant St 26th Floor
Honolulu,HI96813 		  PC To support training and emerging technology/equipment at the Straub Burn Center. 50,000

Castle Medical Center

640 Ulukahiki St
Kailua,HI96734 		  PC To support Kailua Primary Care Expansion Project to expand existing primary care clinic. 25,000

Hawaii Children's Discovery Center

111 Ohe St
Honolulu,HI96813 		  PC To support School Group Discovery Visit program and upgrade classrooms for Discovery Camps and Preschool programs. 25,000

Hawaii Youth Symphony

1350 S King St Suite 201
Honolulu,HI96814 		  PC To support Pacific Music Institute, an intensive music camp for grades 6-12 held in July. 25,000

Honolulu Museum of Art

900 S Beretania St
Honolulu,HI96814 		  PC To support Ipu Ka'eo Program--paid internships to learn specialized skills within the museum field. 50,000

James Campbell High School

State of Hawaii Department of Educa
PO Box 2360
Honolulu,HI96804 		  PC To support James Campbell High School's athletic department. 50,000

Le Jardin Academy

917 Kalanianaole Hwy
Kailua,HI96734 		  PC To support Mobile Kitchen and Student Commons project. 50,000

Hawaii Island United Way

688 Kinoole St Suite 201
Hilo,HI96720 		  PC Corporate campaign pledge. 35,000

Iolani School

563 Kamoku St
Honolulu,HI96826 		  PC To support the financial aid program for the 2023-2024 school year. 28,250

Rehab Foundation

226 North Kuakini St
Honolulu,HI96817 		  PC To support rehabilitation services at the Rehabilitation Hospital of the Pacific. 25,000

Maui United Way

95 Mahalani St Suite 24
Wailuku,HI96793 		  PC Corporate campaign pledge. 22,500

Center for Tomorrow's Leaders

677 Ala Moana Blvd Suite 1100
Honolulu,HI96813 		  PC To support advanced leadership program for high school juniors and seniors. 20,000

Kauai United Way

4374 Kukui Grove St Suite 201
Lihue,HI96766 		  PC Corporate campaign pledge. 20,000

Hale Halawai Ohana O Hanalei

PO Box 822
Hanalei,HI96714 		  PC To support Keiki Programs by purchasing equipment and supplies and hiring Hawaiian Cultural Practitioners and Program Assistants. 15,000

Hawaii Island Fentanyl Force

Big Island Substance Abuse Council
16-179 Melekahiwa St
Keaau,HI96749 		  PC To support strategic priorities to reduce the demand and supply of illicit drugs on Hawaii Island and to provide needed resources to prevent overdoses. 15,000

Make-A-Wish Hawaii

900 Fort Street Mall 1200
Honolulu,HI96813 		  PC To support Youth Leadership Council supporting the wishes of critically ill Hawaii children. 14,500

American Red Cross Hawaii

4155 Diamond Head Rd
Honolulu,HI96816 		  PC To support Disaster Preparedness and Response Programs. 10,000

Coast Guard Foundation

394 Taugwonk Rd
Stonington,CT06378 		  PC TO support Youth Enrichment Program to help Hawaii and Guam Coast Guard families. 10,000

East Hawaii Cultural Council

141 Kalakaua St
Hilo,HI96720 		  PC To support Youth Artivists Hawaii program for middle school youth in Hilo, Hawaii. 10,000

Friends of Waialua Robotics Inc

94-200 Meki Place
Waipahu,HI96797 		  PC To support the implementation of STEM program for middle and high school students. 10,000

Haleakala Conservancy

PO Box 880878
Pukalani,HI96788 		  PC To support Beyond the Girls Court program, a 3-day trip to Haleakala National Park for teen girls in Oahu's juvenile justice system. 10,000

Harris Preschool

20 S Vineyard Blvd
Honolulu,HI96813 		  PC To support the purchase and installation of a playground structure with safety ground padding. 10,000

Hawaiian Canoe Racing Association

411 Huku Lii Pl Suite 202
Kihei,HI96753 		  PC TO support the purchase of 13 individual canoes for adaptive paddlers. 10,000

Helping Hands Hawaii

2100 N Nimitz Hwy
Honolulu,HI96819 		  PC To expand Adopt-a-Family program which connects donors with families in need. 10,000

Kauai Food Bank Inc

3285 Waapa Rd Suite A
Lihue,HI96766 		  PC To support Kupuna Program providing healthy supplemental foods to seniors each month. 10,000

Kauai North Shore Food Pantry

PO Box 1172
Kilauea,HI96754 		  PC To support weekly food, family health/hygiene supplies, and other items to less fortunate Kauai families. 10,000

Kids Hurt Too Hawaii

245 N Kukui St 102
Honolulu,HI96817 		  PC To support school-based trauma support group for children. 10,000

Kohala Animal Relocation and Education Service

PO Box 44670
Kamuela,HI96743 		  PC TO support veterinary care and spay/neuter services for low-income and elderly residents. 10,000

Kristi Yamaguchi's Always Dream

125 Railroad Ave S-203
Danville,CA94526 		  PC To support free, at home, early childhood literacy program for pre-k and kindergarten students. 10,000

Na Keiki O Emalia

95 Mahalani St Room 10
Wailuku,HI96793 		  PC To support grief support programs for keiki on Maui. 10,000

Surfing the Nations

64 Ohai St
Wahiawa,HI96786 		  PC To support programs for K-12 students, including tutoring, art, dance and sports. 10,000

Touch A Heart

98-820 Moanalua Rd Unit 15-1 PMB
Aiea,HI96701 		  PC To support Vocational Training in Food Service Program for criminal justice system-involved adults. 10,000

United Service Organizations Inc

United 5128 Box 10
APO,AP96368 		  PC To support USO Guam's programs to assist service members and families stationed away from their home state. 10,000

Hawaii Keiki Museum

68-1917 Puu Nui St
Waikoloa,HI96738 		  PC TO support the purchase of an ADA accessible Planetarium Cosmic Dome. 9,500

Hawaii Animal Rescue Foundation

PO Box 515
Puunene,HI96784 		  PC To support Humane Education program for Maui classrooms. 5,000

Hawaii International Film Festival

680 Iwilei Rd Suite 100
Honolulu,HI96817 		  PC TO support educational programs for students and adults. 5,000

Lanai Culture & Heritage Center

730 Lanai Avenue
PO Box 631500
Lanai City,HI96763 		  PC To support Kupulau educational program regarding native plants and stewardship opportunities. 5,000

Montessori Community School

1239 Nehoa St
Honolulu,HI96822 		  PC TO support tuition assistance program for students with demonstrated financial need. 5,000

Friendly Isle United Way

PO Box 2047
Kaunakakai,HI96748 		  PC Corporate campaign pledge. 2,500
Total .................................right arrow 3a 1,920,250
bApproved for future payment

Aloha United Way
200 North Vineyard Blvd Suite 700
Honolulu,HI96817 		  PC Corporate campaign pledge. 0

Hawaii Island United Way
688 Kinoole Street Suite 201
Hilo,HI96720 		  PC Corporate campaign pledge. 0

Friendly Isle United Way
PO Box 2047
Kaunakakai,HI96748 		  PC Corporate campaign pledge. 0

Maui United Way
95 Mahalani Street Suite 24
Wailuku,HI96793 		  PC Corporate campaign pledge. 0

Kauai United Way
4374 Kukui Grove Street Suite 201
Lihue,HI96766 		  PC Corporate campaign pledge. 0

Hawaii Baptist Academy
420 Wyllie St
Honolulu,HI96817 		  PC To support Elementary Campus Facility transformation project. 0

Parker School
65-1224 Lindsay Rd
Kamuela,HI96743 		  PC To support the purchase of a 14-passenger van to transport students. 0

Straub Foundation
55 Merchant Street
26th Floor
Honolulu,HI96813 		  PC To support training and emerging technology/equipment at the Straub Burn Center. 0

Castle Medical Center
640 Ulukahiki St
Kailua,HI96734 		  PC To support Kailua Primary Care Expansion Project to expand existing primary care clinic. 0

Hawaii Children's Discovery Center
111 Ohe St
Honolulu,HI96813 		  PC To support School Group Discovery Visit program and upgrade classrooms for Discovery Camps and Preschool Programs. 0

Hawaii Youth Symphony
1350 S King St Suite 201
Honolulu,HI96814 		  PC To support Pacific Music Institute, an intensive music camp for grades 6-12 held in July. 0
Total ................................. right arrow 3b 455,000
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 ........... 		    14 23,677  
4 Dividends and interest from securities ....     14 169,996  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -2,901  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS OTHER INCOME 		    01 1,597  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   192,369  
13Total. Add line 12, columns (b), (d), and (e)..................
13
192,369
(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

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

TY 2023 DepreciationSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
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

TY 2023 InvestmentsCorpBondsSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Name of Bond End of Year Book Value End of Year Fair Market Value
BARCLAYS BNK 10.15% 16 FEB 24 85,000 85,332
BARCLAYS BNK 7.8% 12 FEB 24 125,000 125,238
BARCLAYS BNK 8.8% 03 MAY 24 50,000 50,460
CITI GLB MKT 7.42% 30 JUL 24 75,000 74,498
CITI GLB MKT 8.6% 22 JAN 24 50,000 49,640
CITI GLB MKT 8.7% 13 JUN 24 150,000 150,105
CITI GLB MKT 9.7% 05 MAR 24 50,000 50,105
GS FIN CORP 8.05% 16 JAN 24 125,000 124,856
GS FIN CORP 8.4% 25 MAR 24 75,000 75,158
JPM CHASE 10.6% 25 APR 24 250,000 252,350
MS FIN 7.95% 23 FEB 24 100,000 99,395
MS FIN 8.55% 29 JUL 24 100,000 99,935
RBC 8.75% 29 FEB 24 75,000 74,520
ABBOTT LAB 2.95% 15 MAR 25 5,150 4,898
ABBVIE 3.6% 14 MAY 25 5,178 4,907
AIRCASTLE 4.25% 15 JUN 26 5,269 4,831
AIR LEASE 3.75% 01 JUN 26 5,259 4,826
ALLY FIN 4.75% 09 JUN 27 9,827 9,657
ALTRIA GP 4.4% 14 FEB 26 10,423 9,911
AMAZON.COM 1.65% 12 MAY 28 4,459 4,501
AMEX 5.85% 05 NOV 27 5,168 5,218
AM HONDA FIN 5.125% 07 JUL 28 5,043 5,140
AIG 2.5% 30 JUN 25 5,207 4,812
AZ PUB SVC 3.15% 15 MAY 25 5,147 4,865
ASTRAZENECA FIN 1.2% 28 MAY 26 9,311 9,253
BAKER HUGHES 2.061% 15 DEC 26 9,091 9,359
B OF AMERICA 3.875% 01 AUG 25 5,280 4,925
B OF NY MELLON 1.9% 25 JAN 29 8,350 8,843
BARCLAYS 4.375% 12 JAN 26 10,575 9,871
BOEING 4.875% 01 MAY 25 5,141 4,975
BP CAP MKTS 3.41% 11 FEB 26 5,263 4,884
BROADCOM 4.11% 15 SEP 28 9,368 9,764
BUNGE LTD FIN 3.75% 25 SEP 27 9,608 9,645
CAPITAL ONE FIN 3.2% 05 FEB 25 5,093 4,881
CHARLES SCHWAB 4% 01 FEB 29 4,580 4,856
CIGNA 3.4% 3/01/27 9,769 9,637
CITIGROUP 3.4% 01 MAY 26 10,518 9,653
CME GRP 3.75% 15 JUN 28 4,929 4,890
COMCAST 3.95% 15 OCT 25 5,276 4,932
CSX 3.35% 01 NOV 25 5,215 4,869
CVS HEALTH 3.875% 20 JUL 25 5,258 4,914
DEUTSCHE BK 3.7% 30 MAY 24 5,031 4,948
DEUTSCHE BK 1.686% 19 MAR 26 5,019 4,649
DIAGEO CAP 1.375% 29 SEP 25 4,911 4,721
DISCOVER BK 4.25% 13 MAR 26 10,707 9,689
DUKE ENERGY 3.45% 15 MAR 29 4,475 4,773
DUPONT 4.493% 15 NOV 25 5,372 4,964
ELEVANCE HEALTH 1.5% 15 MAR 26 9,625 9,320
FIFTH THIRD BK 2.25% 01 FEB 27 9,324 9,237
GM FIN 5.25% 01 MAR 26 5,430 5,005
GOLDMAN SACHS 3.75% 22 MAY 25 5,181 4,898
HSBC HLDS 4.3% 08 MAR 26 10,647 9,836
IBM 4.5% 06 FEB 28 10,008 10,055
JOHN DEERE 4.9% 03 MAR 28 4,979 5,092
JPM CHASE 3.9% 15 JUL 25 5,263 4,923
KEY CORP 4.15% 29 OCT 25 10,618 9,750
MCDONALDS 3.8% 01 APR 28 9,688 9,751
META PLAT 3.5% 15 AUG 27 9,778 9,738
MICROSOFT 3.125% 03 NOV 25 5,219 4,880
MITSUBISHI FIN 3.85% 01 MAR 26 5,317 4,884
MORGAN STANLEY 4% 23 JUL 25 5,277 4,929
ORACLE 2.95% 15 NOV 24 5,082 4,888
PHILIP MORRIS 2.75% 25 FEB 26 5,214 4,792
PRINCIPAL FIN 3.1% 15 NOV 26 5,210 4,761
ROSS STORES 4.7% 15 APR 27 10,303 9,892
RBC 3.625% 04 MAY 27 9,808 9,664
SANTANDER HLD 3.244% 05 OCT 26 10,413 9,419
STARBUCKS 3.8% 15 AUG 25 5,263 4,909
SUMITOMO 2.472% 14 JAN 29 8,543 8,905
SYSCO 3.3% 15 JUL 26 5,194 4,828
TORONTO-DOM 5.156% 10 JAN 28 10,085 10,151
TOYOTA MTR CC 4.625% 12 JAN 28 10,013 10,128
UBS GP 3.75% 26 MAR 25 10,375 9,797
VENTAS RLTY 4% 01 MAR 28 4,710 4,777
VERIZON 2.625% 15 AUG 26 5,139 4,764
WILLIAMS COS 4% 15 SEP 25 5,189 4,908
CAN NAT RES 3.85% 01 JUN 27 9,648 9,722

TY 2023 InvestmentsCorpStockSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES CORE S&P 500 ETF 104,955 246,457
ISHARES CORE S&P MID-CAP ETF 19,136 37,138
ISHARES CORE S&P SMALL-CAP ETF 7,969 15,588
ISHARES S&P 500 VALUE ETF 4,560 13,042
ISHARES CORE MSCI EAFE ETF 45,227 60,571
ARTISAN DEVELOPING WORLD FUND 28,504 30,011
MS INSTI FUND-INTERNATIONAL 36,683 43,863
SPDR MSCI EAFE STRATFACT ETF 11,635 15,274
BLACKROCK GLOBAL ALLOC FUND 15,462 15,535
JPM HEDGED EQUITY FUND 17,273 20,608

TY 2023 InvestmentsGovtObligationsSch
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
US Government Securities - End of Year Book Value:

15,023
US Government Securities - End of Year Fair Market Value:

14,294
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 OtherAssetsSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME RECEIVABLE 7,241 9,155 9,155


TY 2023 OtherIncomeSchedule2
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS OTHER INCOME 1,597   1,597


TY 2023 TaxesSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 0 0 0  
FOREIGN TAX WITHHELD 224 224 224