Form990-PF
: CHANGE OF ACCOUNTING PERIOD: REVENUE PROCEDURE 85-58 RULES APPLY

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 08-01-2023 , and ending 12-31-2023
Name of foundation
KOSASA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3610 WAIALAE AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96816
A Employer identification number

99-0313279
B Telephone number (see instructions)

(808) 591-2550
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$153,124,073J 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 Check right arrow.............
3 Interest on savings and temporary cash investments 606,321 606,321  
4 Dividends and interest from securities... 2,433,106 2,433,106  
5a Gross rents............ 140,216 140,216  
b Net rental income or (loss) 50,678
6a Net gain or (loss) from sale of assets not on line 10 2,660,436
b Gross sales price for all assets on line 6a 15,276,725
7 Capital gain net income (from Part IV, line 2)... 2,660,436
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
1,381,223 1,388,272  
12 Total. Add lines 1 through 11........ 7,221,302 7,228,351  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 74,038 0   74,038
14 Other employee salaries and wages...... 52,885 0   52,885
15 Pension plans, employee benefits....... 30,186 0   30,186
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,407 0   4,407
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,676 32,673   14,003
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
787,226 738,178   49,048
17 Interest............... 212,325 212,325   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
176,119 176,119   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
22,200 22,200  
20 Occupancy.............. 1,105 0   1,105
21 Travel, conferences, and meetings....... 31,965 0   31,965
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
51,693 41,080   10,613
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,490,825 1,222,575   268,250
25 Contributions, gifts, grants paid....... 7,131,850 7,131,850
26 Total expenses and disbursements. Add lines 24 and 25 8,622,675 1,222,575   7,400,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,401,373
b Net investment income (if negative, enter -0-) 6,005,776
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets 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............. 761,059 995,720 995,720
2 Savings and temporary cash investments.........      
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) 24,140,969 Click to see attachment
List of Attached Documents:
// Content
14,876,375 		14,976,862
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 2,765,380 Click to see attachment
List of Attached Documents:
// Content
3,108,720 		3,194,932
11 Investments—land, buildings, and equipment: basis right arrow8,783,898
Less: accumulated depreciation (attach schedule) right arrow500,378 8,209,873 Click to see attachment
List of Attached Documents:
// Content
8,283,520 		8,283,520
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 103,002,192 Click to see attachment
List of Attached Documents:
// Content
110,208,844 		125,672,039
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
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 138,880,473 137,474,179 153,124,073
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) Click to see attachment
List of Attached Documents:
// Content
4,921 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 4,921 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........ 6,398,570 6,398,570
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 132,476,982 131,075,609
29 Total net assets or fund balances (see instructions)..... 138,875,552 137,474,179
30 Total liabilities and net assets/fund balances (see instructions). 138,880,473 137,474,179
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
138,875,552
2
Enter amount from Part I, line 27a .....................
2
-1,401,373
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
137,474,179
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
137,474,179
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 REALIZED GAIN FROM PUBLICLY TRADED SECURITIES      
b REALIZED GAIN FROM FUTURES CONTRACT      
c REALIZED GAIN FROM K-1S      
d REALIZED GAIN FROM PFIC      
e CAPITAL GAINS DIVIDENDS P    
(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 12,087,199   11,931,111 156,088
b 79,122     79,122
c 2,345,391     2,345,391
d 750,000   685,178 64,822
e 15,013     15,013
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       156,088
b       79,122
c       2,345,391
d       64,822
e       15,013
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 2,660,436
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  
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 83,480
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 83,480
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 83,480
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 321,218
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 321,218
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 237,738
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow237,738 Refundedright arrow 11 0
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? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
Yes
 
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.
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
Yes
 
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://WWW.KOSASAFOUNDATION.ORG/
14
The books are in care ofright arrowANDREA CARR Telephone no.right arrow (808) 436-8975

Located atright arrowPO BOX 30685HONOLULUHI ZIP+4right arrow96820
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
GLORIA GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
PAUL J KOSASA PRES/TREAS/DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
SUSAN M KOSASA VP/SECY/DIREC
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
THOMAS S KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
TRACY IDE SPECIAL APPOINTERS
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
RIKI MORIMOTO SPECIAL APPOINTERS
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
CHRISTINE VAN BERGEIJK CEO
40.00 		74,038 15,174 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
LINDSAY KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
IAN KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
LISA GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
CHRISTIAN GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
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
STRATEGIC INVESTMENT GROUP INVESTMENT ADVISING 210,780
1001 19TH ST N FL 16
ARLINGTON,VA22209
DENNIS R SUGINO INVESTMENT ADVISING 62,500
19432 FOXDALE CIR
HUNTINGTON BEACH,CA92648
Total number of others receiving over $50,000 for professional services.............right arrow0
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 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
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
41,465,905
b
Average of monthly cash balances.......................
1b
843,774
c
Fair market value of all other assets (see instructions)................
1c
108,208,003
d
Total (add lines 1a, b, and c).........................
1d
150,517,682
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
150,517,682
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,257,765
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
148,259,917
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,107,380
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
3,107,380
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
83,480
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
83,480
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,023,900
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,023,900
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,023,900
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
7,400,100
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,400,100
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 3,023,900
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,484,187
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,400,100
a Applied to 2022, but not more than line 2a 6,484,187
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 915,913
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		2,107,987
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CHRISTINE VAN BERGEIJK - THE KOSASA
3610 WAIALAE AVENUE
HONOLULU,HI96816
(808) 591-2550
bThe form in which applications should be submitted and information and materials they should include:
LETTER OR ONLINE APPLICATION AT WWW.KOSASAFOUNDATION.ORG
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FOR CHARITABLE, EDUCATIONAL, LITERARY, SCIENTIFIC AND RELIGIOUS PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS UNDER IRC SECTION 501(C)(3) OF 1986, OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAW. GRANTS LIMITED TO ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3) WITH A FOCUS OF WORK IN THE STATE OF HAWAII THAT DO NOT HAVE A CURRENT WORKING GRANT WITH THE FOUNDATION.
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

AINA MOMONA

PO BOX 1687
KAUNAKAKAI,HI96748 		N/A PC REGENERATIVE AHUPUAA RESOURCE MANAGEMENT IN KAAMOLA, MOLOKAI. 100,000

BLOOD BANK OF HAWAII

2043 DILLINGHAM BLVD
HONOLULU,HI96819 		N/A PC ADDITIONAL SUPPORT FOR CAPITAL CAMPAIGN 100,000

CENTER FOR TOMORROW'S LEADERS

677 ALA MOANA BLVD STE 1100
HONOLULU,HI96813 		N/A PC LEADERSHIP DEVELOPMENT FOR K-12 75,000

CHAMINADE UNIVERSITY OF HONOLULU

3140 WAIALAE AVE
HONOLULU,HI96816 		N/A PC DESIGN TEACHING PRACTICUM FOR ECE GRADUATES 200,000

DREAMHOUSE INC

91-1245 FRANKLIN D ROOSEVELT AVE -
A
KAPOLEI,HI96707 		N/A PC SUPPORT FOR TECH TRAINING IN ENVIRONMENT FOR CHARTER SCHOOL 33,000

FAMILY LIFE CENTER

95 S KANE ST
KAHULUI,HI96732 		N/A PC CONSTRUCTION OF INTERIM HOUSING FOR WILDFIRE VICTIMS 1,000,000

HABILITAT INC

45-035 KUHONU PL
KANEOHE,HI96744 		N/A PC KITCHEN EQUIPMENT FOR CULINARY PROGRAM AT SUBSTANCE ABUSE TREATMENT CENTER IN KANE`OHE 40,000

HALE KIPA INC

91-2128 OLD FORT WEAVER ROAD
EWA BEACH,HI96706 		N/A PC SUPPORT FOR PROGRAM FOR HIGH RISK YOUTH 50,000

HALE MAKUA HEALTH SERVICES

472 KAULANA ST
KAHULUI,HI96732 		N/A PC CAPITAL CAMPAIGN FOR NEW LONG TERM CARE FACILITY 1,000,000

HAWAII CHILDRENS ACTION NETWORK

PO BOX 23198
HONOLULU,HI96823 		N/A PC DESIGN AND LAUNCH OF EARLY CHILDHOOD WORKFORCE DEVELOPMENT POLICY FELLOWSHIP PROGRAM 100,000

HAWAII COMMUNITY FOUNDATION

827 FORT STREET MALL
HONOLULU,HI96813 		N/A PC CONTRIBUTION TO KOSASA FOUNDATION DONOR ADVISED FUND 500,000

HAWAII OPERA THEATER

848 S BERETANIA ST SUITE 301
HONOLULU,HI96813 		N/A PC SUPPORT FOR 2023 - 24 SEASON 20,000

HAWAII WILDLIFE CENTER

PO BOX 551752
KAPAAU,HI96755 		N/A PC IMPROVEMENTS TO HOSPITAL AND SATELLITE FACILITIES FOR WILDLIFE REHABILITATION AND CONSERVATION 50,000

HAWAII WILDLIFE FUND

PO BOX 1801
KEALAKEKUA,HI96750 		N/A PC INA-BASED STEWARDSHIP PROGRAM TO PROTECT AND PRESERVE KA COASTLINE RESOURCES ON HAWAII ISLAND. 49,516

HAWAIIAN COMMUNITY ASSETS

310 PAOAKALANI STREET204E
HONOLULU,HI96815 		N/A PC SUPPORT FOR HOUSING STABILIZATION PROGRAM FOR ABC STORES EMPLOYEES 500,000

HAWAIIAN COMMUNITY LENDING

PO BOX 210
WAIMANALO,HI96795 		N/A PC KANAKA ANTI-DISPLACEMENT FUND FOR NATIVE HAWAIIAN HOMEOWNERS IN WEST MAUI 250,000

HOOKUAAINA

PO BOX 342146
KAILUA,HI96734 		N/A PC COMMUNITY-BASED ENVIRONMENTAL STEWARDSHIP THROUGH KALO PRODUCTION AND YOUTH LEADERSHIP DEVELOPMENT. 37,500

HUI ALOHA KIHOLO

PO BOX 1868
KAMUELA,HI96743 		N/A PC COMMUNITY ENVIRONMENTAL EDUCATION AND ENGAGEMENT AT KHOLO STATE PARK ON HAWAII ISLAND. 50,000

HUI MAKA'AINANA O MAKANA

PO BOX 1225
HANALEI,HI96714 		N/A PC REGENERATIVE AHUPUAA RESOURCE MANAGEMENT IN HENA, KAUAI. 50,000

HUI MALAMA I KE ALA ULILI

PO BOX 6
PAAUILO,HI96776 		N/A PC REGENERATIVE AHUPUAA RESOURCE MANAGEMENT IN KOHOLLELE, HAWAII ISLAND. 100,000

HUMANITY HALE

73-4416 PAIAHA ST
KAILUA KONA,HI96740 		N/A PC PROGRAMS FOR FOSTER YOUTH IN WEST HAWAI`I 30,000

IMUA FAMILY SERVICES

161 S WAKEA AVE
KAHULUI,HI96732 		N/A PC EARLY CHILDHOOD CARE AND BEHAVIORAL HEALTH SERVICES FOR WEST MAUI 100,000

KAPIOLANI HEALTH FOUNDATION

55 MERCHANT STREET SUITE 2600
HONOLULU,HI96813 		N/A PC CAPITAL CAMPAIGN FOR PEDIATRIC ONCOLOGY INFUSION CENTER 100,000

KAUAI PLANNING AND ACTION ALLIANCE

2959 UMI ST STE 201
LIHUE,HI96766 		N/A PC SUPPORT FOR IMPROVED DATA COLLECTION 25,000

KUAKINI MEDICAL CENTER

347 N KUAKINI ST
HONOLULU,HI96817 		N/A PC TECHNOLOGY ASSESSMENT FOR EMR 175,000

KUAKINI MEDICAL CENTER

347 N KUAKINI ST
HONOLULU,HI96817 		N/A PC GENERAL OPERATING SUPPORT - 5 YEAR COMMITMENT 500,000

KUKULU KUMUANA O ANAHOLA

PO BOX 30891
ANAHOLA,HI96703 		N/A PC COMMUNITY AGRICULTURE PROGRAM TO PREVENT TEEN SUICIDES 140,175

KUMU KAHUA THEATRE

46 MERCHANT ST
HONOLULU,HI96813 		N/A PC GENERAL OPERATING SUPPORT FOR 2024 SEASON 15,000

KUPU

677 ALA MOANA BLVD STE 1200
HONOLULU,HI96813 		N/A PC AMERICORP WORKFORCE DEVELOPMENT FOR WEST MAUI 250,000

LE JARDIN ACADEMY

917 KALANIANAOLE HWY
KAILUA,HI96734 		N/A PC CAPITAL CAMPAIGN FOR CLASSROOMS 250,000

MA KA HANA KA IKE

PO BOX 968
HANA,HI96713 		N/A PC K-12 AGRICULTURE AND FOOD PRODUCT PROGRAM IN HANA 45,084

MALAMA LEARNING CENTER

PO BOX 1662
HONOLULU,HI96806 		N/A PC COMMUNITY ENGAGEMENT TO TRANSFORM INVASIVE GRASSLANDS IN WAIANAE MOUNTAINS, OAHU. 49,875

MALAMA MAUNALUA

7192 KALANIANAOLE HWY A143A
HONOLULU,HI96825 		N/A PC DEVELOP FISH DATA PROTOCOLS AND MAKAI WATCH PROGRAM FOR MARINE RESOURCE PROTECTION AT MAUANALUA BAY. 100,000

MALAMA PUPUKEA-WAIMEA

PO BOX 188
HALEIWA,HI96815 		N/A PC IMPLEMENTATION OF MARINE MANAGEMENT PLAN IN PPKEA AND WAIMEA AHUPUAA ON OAHU. 56,700

MAUI NUI MARINE RESOURCE COUNCIL INC

PO BOX 331204
KAHULUI,HI96733 		N/A PC ASSESSIING WILDFIRE IMPACT ON CORAL REEFS 15,000

MENTAL HEALTH AMERICA OF HAWAII

1136 UNION MALL STE 208
HONOLULU,HI96813 		N/A PC MENTAL HEALTH COUNSELING FOR WEST MAUI 50,000

MICRONESIANS UNITE-BIG ISLAND

PO BOX 5451
HILO,HI96720 		N/A PC ANTI-BULLYING PROGRAM FOR MICRONESIAN YOUTH IN EAST HAWAI`I 7,500

PALAMA SETTLEMENT

810 N VINEYARD BOULEVARD
HONOLULU,HI96817 		N/A PC SCHOLARSHIPS 15,000

PBS HAWAII

315 SAND ISLAND ACCESS ROAD
HONOLULU,HI96819 		N/A PC SUPPORT FOR HIKI N 100,000

POLYNESIAN VOYAGING SOCIETY

10 SAND ISLAND PKWY
HONOLULU,HI96819 		N/A PC SUPPORT FOR WORLDWIDE VOYAGE 100,000

PROTECT & PRESERVE HAWAII INC

623 ANALU ST UNIT A
HONOLULU,HI96817 		N/A PC VOLUNTEER TRAINING AND EXCHANGE FOR ENVIRONMENTAL RESTORATION ON OAHU. 50,000

PUBLIC SCHOOLS OF HAWAII FOUNDATION

PO BOX 4148
HONOLULU,HI96812 		N/A PC SUPPORT FOR MATERIALS AND SUPPLIES FOR PUBLIC SCHOOL IN WEST MAUI 50,000

SAINT LOUIS SCHOOL

3142 WAIALAE AVE
HONOLULU,HI96816 		N/A PC CAPITAL FOR NEW SCIENCE CLASSROOMS 250,000

SUSTAINABLE COASTLINES

3160 WAIALAE AVE SUITE 120
HONOLULU,HI96816 		N/A PC COMMUNITY ENVIRONMENTAL EDUCATION AND ENGAGEMENT TO PROTECT NEAR-SHORE MARINE RESOURCES STATEWIDE. 72,500

THE WAIPA FOUNDATION

PO BOX 1189
HANALEI,HI96714 		N/A PC COMPREHENSIVE COMMUNITY EVALUATION OF WAIPA PROGRAMS 55,000

UNIVERSITY OF HAWAII FOUNDATION

PO BOX 11270
HONOLULU,HI96828 		N/A PC SUPPORT FOR GRADUATE RESEARCH ON CLIMATE CHANGE 125,000

YMCA OF HONOLULU

1441 PALI HIGHWAY
HONOLULU,HI96813 		N/A PC SUPPORTING TEENS WITH SUBSTANCE USE CHALLENGES 100,000
Total .................................right arrow 3a 7,131,850
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 606,321  
4 Dividends and interest from securities ....     14 2,433,106  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 50,678  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 1,291,265  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,660,436  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 PORTFOLIO INCOME NET ACTIVITY 		900099 -7,049 14 97,007  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -7,049 7,138,813 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,131,764
(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.)
11A NOT APPLICABLE
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

TY 2023 AccountingFeesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 46,676 32,673   14,003

TY 2023 AllOthProgRltdInvestmentsSch
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount
NONE 0

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

TY 2023 DepreciationSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
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
APPLIANCE - 1333 10TH AVE 2015-01-01 639 312 200DB 5.000000000000 0 0    
APPLIANCE - WATER HEATER - 1416-1420 10TH AVE 2015-07-01 1,120 548 200DB 5.000000000000 0 0    
APPLIANCE - 1339-C 10TH AVE-REFRIGERATOR 2016-09-29 503 251 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE-REFRIGERATOR 2016-01-25 696 348 200DB 5.000000000000 0 0    
APPLIANCE - 1424 10TH AVE-REFRIGERATOR 2016-07-12 644 322 200DB 5.000000000000 0 0    
RENOVATIONS - 1416-1420 10TH AVE 2016-05-03 7,592 1,990 SL 27.500000000000 115 115    
RENOVATIONS - 3468 HARDESTY 2016-07-13 9,729 2,493 SL 27.500000000000 147 147    
APPLIANCE - 3477 HARDESTY-OVEN 2016-01-11 522 261 200DB 5.000000000000 0 0    
ROOFING - 1333 10TH AVE 2017-07-17 3,084 676 SL 27.500000000000 47 47    
APPLIANCE - 3471 HARDESTRY 2014-01-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - WATER HEATER -1339 10TH AVE 2017-09-15 1,099 549 200DB 5.000000000000 0 0    
APPLIANCE - 1420 10TH AVE 2014-08-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE 2014-08-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE 2014-01-01 523 261 200DB 5.000000000000 0 0    
RENOVATIONS - 3468 HARDESTY 2013-06-01 2,590 952 SL 27.500000000000 39 39    
RENOVATIONS - 1416 10TH AVE 2013-06-01 800 294 SL 27.500000000000 12 12    
ROOFING - HARDESTY 2013-08-01 12,740 4,611 SL 27.500000000000 193 193    
APPLIANCE - 1333 10TH AVE 2013-06-01 555 277 200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2013-08-01 8,100 2,937 SL 27.500000000000 123 123    
ROOFING - 1420 10TH AVE 2013-04-01 15,240 5,702 SL 27.500000000000 231 231    
ROOFING - 1333 10TH AVE 2013-07-01 21,080 7,695 SL 27.500000000000 319 319    
SK - RANGE/OVEN - 1416 10TH AVE 2008-03-01 711 355 200DB 5.000000000000 0 0    
SK - WATER HEATER - 1333 10TH AVE 2008-02-01 753 376 200DB 5.000000000000 0 0    
SK - CONSTRUCTION - 1416 10TH AVE 2008-06-01 7,547 4,145 SL 27.500000000000 114 114    
SK - CONSTRUCTION - 1416 10TH AVE 2008-05-01 7,837 4,334 SL 27.500000000000 119 119    
SK - CONSTRUCTION - 3468 HARDESTY 2008-11-01 3,613 1,927 SL 27.500000000000 55 55    
SK - PRINTER 2007-06-30 314 314 200DB 5.000000000000 0 0    
SK - APPLIANCES - 3471 & 3477 HARDESTY 2007-06-30 672 672 200DB 5.000000000000 0 0    
SK - FLOORING 2007-06-30 1,571 1,571 200DB 5.000000000000 0 0    
SK - APPLIANCES - 10TH AVE 2007-06-30 1,303 1,303 200DB 5.000000000000 0 0    
SK - LAND 2006-11-17 2,818,547   L   0 0    
SK - BUILDING 2006-11-17 916,840 402,646 SL 39.000000000000 9,795 9,795    
SK - APPLIANCES - 10TH AVE 3468 & 3471 HARDESTY 2009-06-30 4,897 2,448 200DB 5.000000000000 0 0    
SEC. 754 LAND - MINNIE KOSASA TRUST 2018-03-23 836,184   L   0 0    
SEC. 754 LAND - ESTATE TRUST 2018-03-23 390,725   L   0 0    
APPLIANCE 2012-06-30 512 255 200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2012-06-30 540 222 SL 27.500000000000 8 8    
FLOORING - HARDESTY 2011-09-01 650   200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2011-02-01 1,100 498 SL 27.500000000000 17 17    
ROOFING - 1420 10TH AVE 2011-02-01 1,316 598 SL 27.500000000000 20 20    
APPLIANCE - WATER HEATER - 1333 10TH AVE 2011-05-01 308   200DB 5.000000000000 0 0    
PAINTING - 1333 10TH AVE 2011-08-01 2,700 1,172 SL 27.500000000000 41 41    
ROOFING - 1333 10TH AVE 2011-02-01 2,000 909 SL 27.500000000000 30 30    
APPLIANCE - WATER HEATER -1416 10TH AVE 2017-09-15 1,173 586 200DB 5.000000000000 0 0    
CONCRETE SLAB - 3468 HARDESTY 2019-01-01 7,016 1,158 SL 27.500000000000 106 106    
PAINTING 2010-06-30 5,676 2,704 SL 27.500000000000 86 86    
APPLIANCE 2010-06-30 1,444 722 200DB 5.000000000000 0 0    
RENOVATIONS 2010-06-30 7,299 3,479 SL 27.500000000000 111 111    
WAIALAE AVE (BUILDING) 2023-01-31 300,000 4,167 SL 39.000000000000 3,205 3,205    
WAIALAE AVE (RENOVATIONS 2023-07-01 345,978 370 SL 39.000000000000 3,696 3,696    
WAIALAE AVE (OFFICE FURNITURE) 2023-10-12 100,000   SL 7.000000000000 3,571 3,571    
1220 CENTER STREET (PARKING LOT) 2023-01-31 1,252,000   L   0 0    
3610 WAIALAE AVE (LAND) 2023-01-31 1,578,000   L   0 0    

TY 2023 GeneralExplanationAttachment
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Identifier Return Reference Explanation
SECTION 512(B)(13) CONTROLLED ENTITY 990-PF, PART VII-A, LINE 11 INCLUDED SCHEDULE OF CONTROLLED ENTITIES ATTACHMENT AS NOTED IN IRS INSTRUCTIONS FOR FORM 990-PF, PART VII-A, LINE 11.NAME OF CONTROLLED ENTITY:SIDKO OHANA PROPERTIES, LLCADDRESS:766 POHUKAINA STREETHONOLULU, HI 96813EMPLOYER ID NUMBER:27-1328421EXCESS BUSINESS HOLDING:NO

TY 2023 InvestmentsCorpBondsSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Name of Bond End of Year Book Value End of Year Fair Market Value
INVESTMENTS CORPORATE BONDS 3,108,720 3,194,932

TY 2023 InvestmentsGovtObligationsSch
Name:
KOSASA FOUNDATION
EIN:
99-0313279
US Government Securities - End of Year Book Value:

14,876,375
US Government Securities - End of Year Fair Market Value:

14,976,862
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsLandSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
APPLIANCE - 1333 10TH AVE 639 632 7  
APPLIANCE - WATER HEATER - 1416-1420 10TH AVE 1,120 1,108 12  
APPLIANCE - 1339-C 10TH AVE-REFRIGERATOR 503 503 0  
APPLIANCE - 1333 10TH AVE-REFRIGERATOR 696 696 0  
APPLIANCE - 1424 10TH AVE-REFRIGERATOR 644 644 0  
RENOVATIONS - 1416-1420 10TH AVE 7,592 2,105 5,487  
RENOVATIONS - 3468 HARDESTY 9,729 2,640 7,089  
APPLIANCE - 3477 HARDESTY-OVEN 522 522 0  
ROOFING - 1333 10TH AVE 3,084 723 2,361  
APPLIANCE - 3471 HARDESTRY 523 523 0  
APPLIANCE - WATER HEATER -1339 10TH AVE 1,099 1,099 0  
APPLIANCE - 1420 10TH AVE 523 523 0  
APPLIANCE - 1333 10TH AVE 523 523 0  
APPLIANCE - 1333 10TH AVE 523 523 0  
RENOVATIONS - 3468 HARDESTY 2,590 991 1,599  
RENOVATIONS - 1416 10TH AVE 800 306 494  
ROOFING - HARDESTY 12,740 4,804 7,936  
APPLIANCE - 1333 10TH AVE 555 555 0  
ROOFING - HARDESTY 8,100 3,060 5,040  
ROOFING - 1420 10TH AVE 15,240 5,933 9,307  
ROOFING - 1333 10TH AVE 21,080 8,014 13,066  
SK - RANGE/OVEN - 1416 10TH AVE 711 711 0  
SK - WATER HEATER - 1333 10TH AVE 753 753 0  
SK - CONSTRUCTION - 1416 10TH AVE 7,547 4,259 3,288  
SK - CONSTRUCTION - 1416 10TH AVE 7,837 4,453 3,384  
SK - CONSTRUCTION - 3468 HARDESTY 3,613 1,982 1,631  
SK - PRINTER 314 314 0  
SK - APPLIANCES - 3471 & 3477 HARDESTY 672 672 0  
SK - FLOORING 1,571 1,571 0  
SK - APPLIANCES - 10TH AVE 1,303 1,303 0  
SK - LAND 2,818,547 0 2,818,547  
SK - BUILDING 916,840 412,441 504,399  
SK - APPLIANCES - 10TH AVE 3468 & 3471 HARDESTY 4,897 4,897 0  
SEC. 754 LAND - MINNIE KOSASA TRUST 836,184 0 836,184  
SEC. 754 LAND - ESTATE TRUST 390,725 0 390,725  
APPLIANCE 512 511 1  
ROOFING - HARDESTY 540 230 310  
FLOORING - HARDESTY 650 650 0  
ROOFING - HARDESTY 1,100 515 585  
ROOFING - 1420 10TH AVE 1,316 618 698  
APPLIANCE - WATER HEATER - 1333 10TH AVE 308 308 0  
PAINTING - 1333 10TH AVE 2,700 1,213 1,487  
ROOFING - 1333 10TH AVE 2,000 939 1,061  
APPLIANCE - WATER HEATER -1416 10TH AVE 1,173 1,173 0  
CONCRETE SLAB - 3468 HARDESTY 7,016 1,264 5,752  
PAINTING 5,676 2,790 2,886  
APPLIANCE 1,444 1,444 0  
RENOVATIONS 7,299 3,590 3,709  
WAIALAE AVE (BUILDING) 300,000 7,372 292,628  
WAIALAE AVE (RENOVATIONS 345,978 4,066 341,912  
WAIALAE AVE (OFFICE FURNITURE) 100,000 3,571 96,429  
1220 CENTER STREET (PARKING LOT) 1,252,000 0 1,252,000  
3610 WAIALAE AVE (LAND) 1,578,000 0 1,578,000  

TY 2023 InvestmentsOtherSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BHMS FUNDS AT COST 18,334,467 20,148,788
HILDENE OPPORTUNITIES OFFSHORE FUND AT COST 699,115 868,236
STRATEGIC INVESTMENT GROUP FUNDS AT COST 77,402,618 88,125,102
BAYVIEW MSR OPPORTUNITY OFFSHORE LP AT COST 848,000 928,281
LENDING VIII LLC AT COST 340,354 330,939
ARCM FEEDER FUND IV LTD AT COST 682,500 736,418
STRATEGIC BUYOUT FD LP AT COST 697,549 782,479
KKR GLOBAL CRED OPP AT COST 1,400,000 1,486,228
LEGACY VENTURE INVESTMENTS (VII, IX, X & XI) AT COST 2,363,389 4,592,149
ELLINGTON STRATEGIC AT COST 4,240,852 4,294,595
GOLDENTREE AT COST 3,200,000 3,378,824

TY 2023 LegalFeesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,407 0   4,407


TY 2023 OtherAssetsSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 1,000 1,000 1,000


TY 2023 OtherExpensesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSES 10,613 0   10,613
CLEANING & MAINTENANCE 4,979 4,979   0
PEST CONTROL 1,007 1,007   0
MANAGEMENT FEES 12,345 12,345   0
REPAIRS 17,098 17,098   0
UTILITIES 5,651 5,651   0


TY 2023 OtherIncomeSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 2 2 2
OTHER INCOME FROM K-1S 1,259,104 1,259,104 1,259,104
OTHER INCOME FROM PFIC 32,159 32,159 32,159
K-1 PORTFOLIO INCOME NET ACTIVITY 89,958 97,007 89,958


TY 2023 OtherLiabilitiesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Beginning of Year - Book Value End of Year - Book Value
OTHER PAYABLES 4,921 0


TY 2023 OtherProfessionalFeesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 300,111 300,111   0
K-1: PORTFOLIO DEDUCTIONS 438,067 438,067   0
CONSULTING FEES 49,048 0   49,048


TY 2023 TaxesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 149,861 149,861   0
RENTAL GENERAL EXCISE TAX 6,317 6,317   0
REAL PROPERTY TAX 19,941 19,941   0