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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
GARMAR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3170 DEPT 715
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI968023170
A Employer identification number

94-3276214
B Telephone number (see instructions)

(808) 694-4399
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$23,641,145J 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) 1,485,465
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 475,760 475,760  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 872,831
b Gross sales price for all assets on line 6a 4,965,772
7 Capital gain net income (from Part IV, line 2)... 872,831
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,834,056 1,348,591  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,105 0 0 3,105
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
155,388 155,388   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,619 17,801   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54 48   6
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 180,166 173,237 0 3,111
25 Contributions, gifts, grants paid....... 725,000 725,000
26 Total expenses and disbursements. Add lines 24 and 25 905,166 173,237 0 728,111
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,928,890
b Net investment income (if negative, enter -0-) 1,175,354
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 13,578 28,691 28,691
2 Savings and temporary cash investments......... 153,063 458,618 458,618
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,305,437 Click to see attachment
List of Attached Documents:
// Content
16,928,013 		23,153,836
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,472,078 17,415,322 23,641,145
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
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........ 15,472,078 17,415,322
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)..... 15,472,078 17,415,322
30 Total liabilities and net assets/fund balances (see instructions). 15,472,078 17,415,322
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
15,472,078
2
Enter amount from Part I, line 27a .....................
2
1,928,890
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
14,367
4
Add lines 1, 2, and 3 ..........................
4
17,415,335
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
13
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,415,322
Form 990-PF (2024)
Form 990-PF (2024)
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 165. ACADIA HEALTHCARE CO INC.   2022-12-08 2024-05-20
b 25. ADOBE SYSTEMS INC   2024-07-11 2024-12-05
c 9. ADOBE SYSTEMS INC   2023-08-11 2024-12-05
d 20. ADVANCED MICRO DEVICES INC   2023-12-20 2024-04-19
e 10. ADVANCED MICRO DEVICES INC   2023-12-20 2024-07-11
30. ADVANCED MICRO DEVICES INC   2023-12-20 2024-08-12
95. ADVANCED MICRO DEVICES INC   2022-05-25 2024-08-12
10. AIR PRODUCTS & CHEMICAL INC   2023-08-11 2024-08-12
95. ALPHABET INC CL C   2023-12-20 2024-04-19
50. ALPHABET INC CL C   2023-08-11 2024-07-11
80. ALPHABET INC CL C   2022-12-08 2024-07-11
10. ALPHABET INC CL C   2024-08-12 2024-12-05
110. ALPHABET INC CL C   2020-09-09 2024-12-05
5. ALPHABET INC CL A   2021-12-14 2024-08-12
45. AMAZON.COM INC   2024-04-19 2024-07-11
15. AMAZON.COM INC   2021-12-14 2024-08-12
30. AMAZON.COM INC   2024-04-19 2024-12-05
45. AMAZON.COM INC   2021-12-14 2024-12-05
50. AMGEN INC   2023-12-20 2024-04-19
20. APPLE COMPUTER   2024-04-19 2024-07-11
15. APPLE COMPUTER   2022-12-08 2024-07-11
58. APPLE COMPUTER   2022-12-08 2024-12-05
506. APPLOVIN CORP-CLASS A   2024-08-12 2024-12-05
78.116 ISHARES S&P 500 INDEX FUND   2023-12-20 2024-04-19
148.913 ISHARES S&P 500 INDEX FUND   2023-12-20 2024-07-11
82.142 ISHARES S&P 500 INDEX FUND   2023-12-20 2024-08-12
30. BAXTER INTL INC   2024-07-11 2024-08-12
10. BERKSHIRE HATHAWAY INC CL B   2024-07-11 2024-08-12
2. BLACKROCK INC   2024-07-11 2024-08-12
2784.588 ISHARES MSCI EAFE INTERNATIONAL INDEX F   2023-07-11 2024-04-19
79258.406 ISHARES MSCI EAFE INTERNATIONAL INDEX F   2022-12-08 2024-04-19
135. BOSTON SCIENTIFIC CORP   2024-04-19 2024-07-11
80. BOSTON SCIENTIFIC CORP   2024-04-19 2024-12-05
28. BOSTON SCIENTIFIC CORP   2023-07-11 2024-12-05
73. BROADCOM INC   2024-08-12 2024-12-05
6. BURLINGTON STORES INC.   2024-04-19 2024-12-05
55. CME GROUP INC   2023-03-24 2024-04-19
45. CARRIER GLOBAL CORP   2024-07-11 2024-08-12
15. CHEVRONTEXACO CORP   2023-03-24 2024-08-12
50. CISCO SYSTEMS   2018-12-11 2024-08-12
10. CITIGROUP INC   2024-04-19 2024-07-11
140. CITIGROUP INC   2024-04-19 2024-08-12
63. CONSTELLATION ENERGY   2024-08-12 2024-12-05
45. DANAHER CORP   2024-08-12 2024-12-05
60. DANAHER CORP   2020-09-09 2024-12-05
10. DIAGEO PLC - SPONSORED ADR   2023-12-20 2024-04-19
10. DIAGEO PLC - SPONSORED ADR   2023-12-20 2024-08-12
60. DIAMONDBACK ENERGY INC.   2024-04-19 2024-07-11
25. DISNEY WALT CO   2020-05-12 2024-08-12
308.062 DODGE & COX INTERNATIONAL STOCK FUND CLA   2024-07-11 2024-08-12
15. DOLLAR TREE INC   2024-04-19 2024-08-12
200. DOLLAR TREE INC   2024-07-11 2024-10-01
205. DRAFTKINGS INC CL A   2023-07-11 2024-04-19
130. DRAFTKINGS INC CL A   2024-08-12 2024-12-05
82. DRAFTKINGS INC CL A   2023-07-11 2024-12-05
50. EOG RESOURCES INC   2023-08-11 2024-04-19
230. EOG RESOURCES INC   2022-12-08 2024-04-19
870. EMBRAER SA ADR   2022-08-02 2024-04-19
20. EMBRAER SA ADR   2024-07-11 2024-08-12
30. EMBRAER SA ADR   2020-12-18 2024-08-12
138. EMBRAER SA ADR   2020-12-18 2024-12-05
25. EXXON MOBIL CORP   2024-04-19 2024-08-12
10. META PLATFORMS INC CL A   2023-12-20 2024-04-19
20. META PLATFORMS INC CL A   2023-12-20 2024-07-11
10. META PLATFORMS INC CL A   2024-08-12 2024-12-05
4. META PLATFORMS INC CL A   2023-08-11 2024-12-05
8310.411 FEDERATED HERMES TOTAL RETURN BOND FUND   2021-01-26 2024-08-12
60. FISERV INC   2024-07-11 2024-08-12
50. FIRSTENERGY CORP   2022-05-25 2024-08-12
150. FREEPORT MCMORAN COPPER & GOLD CLASS B   2024-07-11 2024-08-12
105. GFL ENVIRONMENTAL INC SUB VT   2023-07-11 2024-04-19
75. GFL ENVIRONMENTAL INC SUB VT   2023-07-11 2024-07-11
5. GENERAL DYNAMICS CORP   2024-07-11 2024-08-12
1720.08 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2021-12-14 2024-08-12
2447.053 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2024-07-11 2024-12-05
4070.613 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2021-12-14 2024-12-05
1260. GROCERY OUTLET HOLDING CORP   2024-08-12 2024-11-21
10. HEICO CORP CL A   2024-04-19 2024-07-11
12. HEICO CORP CL A   2024-04-19 2024-12-05
15. HUBSPOT INC   2024-07-11 2024-08-12
35. INTEL CORP   2024-04-19 2024-08-12
30. INTERNATIONAL PAPER CO   2023-12-20 2024-04-19
305. INTERNATIONAL PAPER CO   2023-03-24 2024-04-19
15. INTUIT COM   2022-05-25 2024-04-19
20. INTUIT COM   2022-05-20 2024-07-11
1500. ISHARES RUSSELL MIDCAP GROWTH INDEX FUND   2023-12-20 2024-04-19
20. JP MORGAN CHASE & CO   2023-08-11 2024-04-19
20. JP MORGAN CHASE & CO   2022-12-08 2024-04-19
15. JP MORGAN CHASE & CO   2022-12-08 2024-08-12
2369.269 JOHN HANCOCK III DISC M/C-IS   2024-07-11 2024-08-12
15. JOHNSON & JOHNSON   2022-05-25 2024-08-12
244.02 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2024-07-11
148.809 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2024-08-12
60. KINDER MORGAN INC   2024-07-11 2024-08-12
60. KINDER MORGAN INC   2022-05-25 2024-08-12
.365 PHILIPS ELECTRONICS NY SHR   2024-04-19 2024-05-16
161. PHILIPS ELECTRONICS NY SHR   2024-04-19 2024-07-11
1050. PHILIPS ELECTRONICS NY SHR   2022-08-02 2024-07-11
65. PHILIPS ELECTRONICS NY SHR   2022-08-02 2024-08-12
25. LIBERTY MEDIA CORP - LIB NEW C   2023-03-24 2024-04-19
20. LIBERTY MEDIA CORP - LIB NEW C   2023-03-24 2024-07-11
16. LIBERTY MEDIA CORP - LIB NEW C   2023-03-24 2024-12-05
4. LILLY ELI & CO   2024-04-19 2024-07-11
11. LILLY ELI & CO   2024-08-12 2024-12-05
25. MARTIN MARIETTA MATERIALS   2023-03-24 2024-04-19
25. MARTIN MARIETTA MATERIALS   2023-03-24 2024-07-11
120. MARVELL TECHNOLOGY INC   2022-12-08 2024-04-19
30. MARVELL TECHNOLOGY INC   2022-12-08 2024-07-11
140. MARVELL TECHNOLOGY INC   2022-12-08 2024-08-12
185. MARVELL TECHNOLOGY INC   2023-03-24 2024-12-05
10. MCKESSON HBOC INC   2024-07-11 2024-08-12
26. MCKESSON HBOC INC   2022-05-20 2024-12-05
8. MERCADOLIBRE INC   2023-03-24 2024-04-19
7. MERCADOLIBRE INC   2022-12-08 2024-12-05
20. MERCK & CO INC   2024-04-19 2024-07-11
5. MERCK & CO INC   2022-12-08 2024-07-11
20. MERCK & CO INC   2022-12-08 2024-08-12
20. METHANEX CORP   2024-04-19 2024-08-12
20. METHANEX CORP   2023-03-24 2024-08-12
10. MICROSOFT CORP   2022-05-20 2024-04-19
40. MICROSOFT CORP   2022-05-20 2024-07-11
5. MICROSOFT CORP   2024-08-12 2024-12-05
56. MICROSOFT CORP   2022-12-08 2024-12-05
90. MICRON TECH INC   2024-04-19 2024-07-11
190. MICRON TECH INC   2024-04-19 2024-12-05
325. MOBILEYE GLOBAL INC A   2024-04-19 2024-07-11
15. MONGODB INC   2024-04-19 2024-07-11
5. NRG ENERGY INC   2024-04-19 2024-07-11
110. NRG ENERGY INC   2024-08-12 2024-12-05
225. NATERA INC   2023-12-20 2024-04-19
155. NATERA INC   2023-12-20 2024-07-11
10. NATERA INC   2022-12-08 2024-07-11
10. NATERA INC   2024-08-12 2024-12-05
153. NATERA INC   2022-12-08 2024-12-05
25. NETFLIX INC   2023-03-24 2024-08-12
75. NEWMONT MINING CORP   2023-03-24 2024-08-12
163. NEWMONT MINING CORP   2024-07-11 2024-12-05
265. NEWMONT MINING CORP   2023-07-11 2024-12-05
29. NVIDIA CORP   2023-03-24 2024-04-19
295. NVIDIA CORP   2022-12-08 2024-07-11
70. NVIDIA CORP   2024-08-12 2024-12-05
145. NVIDIA CORP   2022-12-08 2024-12-05
5. NUVALENT INC-A   2024-04-19 2024-07-11
85. NUVALENT INC-A   2024-04-19 2024-08-12
45. PAYPAL HOLDINGS INC.   2020-09-09 2024-08-12
138. PAYPAL HOLDINGS INC.   2022-05-25 2024-12-05
50. PFIZER INC   2015-10-14 2024-08-12
235. PINTEREST INC CLASS A   2023-12-20 2024-07-11
23. PINTEREST INC CLASS A   2023-12-20 2024-12-05
205. PINTEREST INC CLASS A   2024-08-12 2024-12-31
342. PINTEREST INC CLASS A   2023-12-20 2024-12-31
5. PROCTER & GAMBLE CO   2024-04-19 2024-07-11
10. PROCTER & GAMBLE CO   2024-04-19 2024-08-12
30. PROCTER & GAMBLE CO   2022-12-08 2024-08-12
1367.538 CONGRESS MID CAP GROWTH-INS   2022-12-08 2024-08-12
7049.503 CONGRESS MID CAP GROWTH-INS   2024-07-11 2024-12-05
3724.623 CONGRESS MID CAP GROWTH-INS   2022-12-08 2024-12-05
50. QUALCOMM INC   2023-03-24 2024-04-19
5. QUALCOMM INC   2024-07-11 2024-08-12
5. QUALCOMM INC   2022-12-08 2024-08-12
40. QUEST DIAGNOSTICS INC COMMON   2022-12-08 2024-04-19
10. QUEST DIAGNOSTICS INC COMMON   2023-03-24 2024-08-12
30. RTX CORPORATION   2024-07-11 2024-08-12
20. SHELL PLC NPV ADR   2024-07-11 2024-08-12
5. S&P GLOBAL INC   2022-12-08 2024-04-19
5. S&P GLOBAL INC   2022-12-08 2024-07-11
3. S&P GLOBAL INC   2022-05-25 2024-12-05
5. SALESFORCE INC   2021-12-14 2024-08-12
60. SANOFI ADR   2022-05-25 2024-08-12
10. SAP AG SPONS ADR   2024-07-11 2024-08-12
300. SCHLUMBERGER LTD   2023-03-24 2024-04-19
40. CHARLES SCHWAB CORP NEW   2022-12-08 2024-08-12
3. SERVICENOW INC.   2023-03-24 2024-12-05
55. SNOWFLAKE INC-CLASS A   2024-04-19 2024-07-11
15. SOUTHERN CO   2024-07-11 2024-08-12
15. SOUTHERN CO   2022-05-25 2024-08-12
95. STARBUCKS CORP   2023-03-24 2024-04-19
25. STRYKER CORP   2024-04-19 2024-08-12
40. SYSCO CORP   2024-04-19 2024-08-12
52. TESLA INC.   2022-05-25 2024-04-19
20. TESLA INC.   2023-12-20 2024-07-11
30. TESLA INC.   2023-03-24 2024-07-11
11. TRANSDIGM GROUP INC   2022-05-25 2024-04-19
2. TRANSDIGM GROUP INC   2022-05-25 2024-07-11
21. TRANSDIGM GROUP INC   2022-05-25 2024-12-05
200. TRANSMEDICS GROUP INC   2023-07-11 2024-04-19
195. TRANSMEDICS GROUP INC   2023-03-24 2024-04-19
30. US BANCORP   2021-12-14 2024-08-12
125. UBER TECHNOLOGIES INC   2023-12-20 2024-04-19
15. UBER TECHNOLOGIES INC   2023-12-20 2024-07-11
170. UBER TECHNOLOGIES INC   2023-12-20 2024-12-05
5. UNITEDHEALTH GROUP INC   2023-07-11 2024-04-19
45. UNITEDHEALTH GROUP INC   2021-08-24 2024-04-19
37. UNITEDHEALTH GROUP INC   2024-12-05 2024-12-13
1821.581 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2021-12-03 2024-08-12
18576.653 VANGUARD TOTAL BOND MARKET INDEX FUND AD   2021-07-02 2024-08-12
12504.575 VANGUARD DEVELOPED MARKETS INDEX FUND-AD   2023-12-20 2024-04-19
1250. VANGUARD FTSE DEVELOPED ETF   2024-07-11 2024-08-12
40. VANGUARD FTSE EMERGING MARKETS ETF   2024-04-19 2024-07-11
130. VANGUARD FTSE EMERGING MARKETS ETF   2024-04-19 2024-08-12
85. VANGUARD LONG-TERM CORP BOND   2023-03-24 2024-08-12
120. VAXCYTE   2023-07-11 2024-04-19
15. VAXCYTE   2023-07-11 2024-07-11
145. VAXCYTE   2023-07-11 2024-12-05
1639.025 VANGUARD TOTL STK MKT IND-AD   2023-12-20 2024-04-19
719.17 VANGUARD TOTL STK MKT IND-AD   2023-12-20 2024-07-11
763.606 VANGUARD TOTL STK MKT IND-AD   2023-12-20 2024-08-12
400. VERIZON COMMUNICATIONS   2023-03-24 2024-04-19
30. VERIZON COMMUNICATIONS   2024-07-11 2024-08-12
40. VERIZON COMMUNICATIONS   2022-12-08 2024-08-12
160. VERTIV HOLDINGS CO   2023-12-20 2024-04-19
20. VERTIV HOLDINGS CO   2023-07-11 2024-07-11
30. VISA INC CL A SHARES   2023-03-24 2024-04-19
35. VISA INC CL A SHARES   2022-05-25 2024-07-11
25. VISA INC CL A SHARES   2022-05-25 2024-08-12
135. WABTEC CORPORATION   2023-03-24 2024-04-19
35. WAL-MART STORES INC   2023-07-11 2024-04-19
25. WAL-MART STORES INC   2023-07-11 2024-07-11
95. WAL-MART STORES INC   2022-12-08 2024-07-11
90. WAL-MART STORES INC   2023-03-24 2024-08-12
75. WARNER BROS DISCOVERY INC   2022-05-20 2024-08-12
5. EATON CORP PLC   2023-12-20 2024-04-19
5. EATON CORP PLC   2021-07-02 2024-04-19
5. EATON CORP PLC   2021-07-02 2024-08-12
2. EATON CORP PLC   2021-07-02 2024-12-05
35. MEDTRONIC PLC   2024-04-19 2024-07-11
425. MEDTRONIC PLC   2023-03-24 2024-07-11
5. CHUBB LTD   2024-04-19 2024-08-12
5. SPOTIFY TECHNOLOGY SA   2024-08-12 2024-12-05
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 11,056   12,846 -1,790
b 13,371   13,949 -578
c 4,814   4,561 253
d 3,030   2,780 250
e 1,782   1,390 392
4,086   4,170 -84
12,938   8,607 4,331
2,737   2,880 -143
14,961   13,001 1,960
9,352   6,471 2,881
14,964   7,248 7,716
1,772   1,645 127
19,494   8,575 10,919
813   749 64
8,684   8,057 627
2,505   2,518 -13
6,536   5,371 1,165
9,804   7,471 2,333
13,210   13,838 -628
4,540   3,321 1,219
3,405   2,136 1,269
14,156   8,248 5,908
189,067   39,104 149,963
45,489   42,990 2,499
97,444   81,953 15,491
51,481   45,206 6,275
1,108   1,061 47
4,295   4,095 200
1,683   1,648 35
42,688   40,989 1,699
1,215,031   1,038,819 176,212
10,399   9,176 1,223
7,197   5,438 1,759
2,519   1,462 1,057
12,480   11,581 899
1,738   1,075 663
11,618   10,074 1,544
2,887   2,742 145
2,170   2,333 -163
2,246   2,340 -94
659   585 74
8,108   8,196 -88
16,012   12,816 3,196
10,573   11,606 -1,033
14,097   10,752 3,345
1,397   1,453 -56
1,242   1,453 -211
12,403   12,076 327
2,140   2,726 -586
15,643   15,441 202
1,405   1,826 -421
14,184   23,055 -8,871
8,514   5,951 2,563
5,832   4,640 1,192
3,678   2,380 1,298
6,587   6,284 303
30,302   28,771 1,531
21,054   7,506 13,548
635   594 41
952   214 738
5,213   985 4,228
2,962   2,982 -20
5,011   3,530 1,481
10,183   7,059 3,124
6,169   4,338 1,831
2,468   1,204 1,264
79,780   95,654 -15,874
9,647   9,064 583
2,099   2,155 -56
6,250   7,736 -1,486
3,457   3,933 -476
2,860   2,810 50
1,456   1,423 33
21,862   23,853 -1,991
32,864   31,292 1,572
54,668   55,118 -450
23,403   26,171 -2,768
1,790   1,600 190
2,507   1,920 587
6,982   7,407 -425
673   1,231 -558
1,037   1,109 -72
10,541   10,377 164
9,136   5,697 3,439
12,591   6,733 5,858
159,674   156,285 3,389
3,647   3,082 565
3,647   2,633 1,014
3,086   1,975 1,111
67,761   68,207 -446
2,392   2,520 -128
7,877   10,891 -3,014
4,533   6,641 -2,108
1,248   1,210 38
1,248   1,152 96
10   7 3
4,284   3,104 1,180
27,940   19,277 8,663
1,839   1,193 646
1,672   1,796 -124
1,494   1,437 57
1,456   1,149 307
3,717   3,000 717
9,105   8,530 575
14,744   8,333 6,411
13,872   8,333 5,539
7,765   4,975 2,790
2,161   1,244 917
8,422   5,804 2,618
21,546   7,622 13,924
5,515   5,753 -238
15,822   4,073 11,749
11,033   7,696 3,337
13,856   6,177 7,679
2,563   2,520 43
641   553 88
2,272   2,212 60
861   943 -82
861   877 -16
4,042   2,497 1,545
18,158   9,987 8,171
2,192   2,031 161
24,553   13,862 10,691
11,737   9,872 1,865
19,716   20,841 -1,125
8,681   10,033 -1,352
3,701   5,052 -1,351
399   352 47
11,051   8,688 2,363
19,568   13,403 6,165
17,155   9,233 7,922
1,107   392 715
1,746   1,158 588
26,712   6,001 20,711
15,800   7,893 7,907
3,663   5,114 -1,451
6,746   6,577 169
10,968   11,698 -730
24,101   5,367 18,734
37,644   4,967 32,677
10,155   7,684 2,471
21,035   2,442 18,593
389   315 74
6,163   5,354 809
2,861   8,712 -5,851
12,358   16,964 -4,606
1,418   1,585 -167
9,867   8,880 987
743   869 -126
5,946   6,658 -712
9,919   12,923 -3,004
828   778 50
1,664   1,557 107
4,992   4,532 460
33,135   39,938 -6,803
192,451   174,893 17,558
101,682   91,365 10,317
8,062   6,151 1,911
811   1,003 -192
811   603 208
5,059   5,988 -929
1,492   1,453 39
3,495   3,058 437
1,449   1,436 13
2,073   1,771 302
2,356   1,771 585
1,558   1,042 516
1,253   1,276 -23
3,124   3,353 -229
2,069   1,899 170
14,811   13,391 1,420
2,450   2,821 -371
3,345   1,289 2,056
7,500   8,124 -624
1,302   1,201 101
1,302   1,128 174
8,275   7,116 1,159
8,101   8,261 -160
2,998   3,042 -44
7,746   11,271 -3,525
4,843   5,139 -296
7,265   5,662 1,603
13,479   6,389 7,090
2,512   1,161 1,351
27,180   10,360 16,820
17,328   17,237 91
16,895   12,619 4,276
1,241   1,721 -480
8,889   7,778 1,111
1,078   933 145
12,207   10,579 1,628
2,485   2,309 176
22,363   14,707 7,656
19,493   21,593 -2,100
58,600   61,005 -2,405
180,937   215,949 -35,012
191,695   187,444 4,251
61,111   62,731 -1,620
1,810   1,635 175
5,683   5,250 433
6,662   6,755 -93
7,250   5,606 1,644
1,235   701 534
13,443   6,774 6,669
195,683   186,259 9,424
95,865   81,726 14,139
97,635   86,776 10,859
16,040   14,838 1,202
1,209   1,240 -31
1,613   1,482 131
12,779   4,772 8,007
1,857   510 1,347
8,159   6,159 2,000
9,208   7,080 2,128
6,491   4,911 1,580
19,525   12,936 6,589
2,079   1,800 279
1,736   1,286 450
6,597   4,717 1,880
6,210   4,390 1,820
499   1,300 -801
1,545   1,184 361
1,545   756 789
1,440   756 684
755   303 452
2,730   2,785 -55
33,155   44,256 -11,101
1,345   1,235 110
2,463   1,704 759
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
      176,297
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       -1,790
b       -578
c       253
d       250
e       392
      -84
      4,331
      -143
      1,960
      2,881
      7,716
      127
      10,919
      64
      627
      -13
      1,165
      2,333
      -628
      1,219
      1,269
      5,908
      149,963
      2,499
      15,491
      6,275
      47
      200
      35
      1,699
      176,212
      1,223
      1,759
      1,057
      899
      663
      1,544
      145
      -163
      -94
      74
      -88
      3,196
      -1,033
      3,345
      -56
      -211
      327
      -586
      202
      -421
      -8,871
      2,563
      1,192
      1,298
      303
      1,531
      13,548
      41
      738
      4,228
      -20
      1,481
      3,124
      1,831
      1,264
      -15,874
      583
      -56
      -1,486
      -476
      50
      33
      -1,991
      1,572
      -450
      -2,768
      190
      587
      -425
      -558
      -72
      164
      3,439
      5,858
      3,389
      565
      1,014
      1,111
      -446
      -128
      -3,014
      -2,108
      38
      96
      3
      1,180
      8,663
      646
      -124
      57
      307
      717
      575
      6,411
      5,539
      2,790
      917
      2,618
      13,924
      -238
      11,749
      3,337
      7,679
      43
      88
      60
      -82
      -16
      1,545
      8,171
      161
      10,691
      1,865
      -1,125
      -1,352
      -1,351
      47
      2,363
      6,165
      7,922
      715
      588
      20,711
      7,907
      -1,451
      169
      -730
      18,734
      32,677
      2,471
      18,593
      74
      809
      -5,851
      -4,606
      -167
      987
      -126
      -712
      -3,004
      50
      107
      460
      -6,803
      17,558
      10,317
      1,911
      -192
      208
      -929
      39
      437
      13
      302
      585
      516
      -23
      -229
      170
      1,420
      -371
      2,056
      -624
      101
      174
      1,159
      -160
      -44
      -3,525
      -296
      1,603
      7,090
      1,351
      16,820
      91
      4,276
      -480
      1,111
      145
      1,628
      176
      7,656
      -2,100
      -2,405
      -35,012
      4,251
      -1,620
      175
      433
      -93
      1,644
      534
      6,669
      9,424
      14,139
      10,859
      1,202
      -31
      131
      8,007
      1,347
      2,000
      2,128
      1,580
      6,589
      279
      450
      1,880
      1,820
      -801
      361
      789
      684
      452
      -55
      -11,101
      110
      759
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 872,831
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 16,337
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 16,337
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 16,337
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,672
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,672
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 11,665
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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$   (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 changes....
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.
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 2024 or the taxable year beginning in 2024? 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrow  
14
The books are in care ofright arrowBANK OF HAWAII Telephone no.right arrow (808) 694-4399

Located atright arrowPO BOX 3170 DEPT 715HONOLULUHI ZIP+4right arrow968023170
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
WILLIAM H KING PRESIDENT/ DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
SHEILA KING HIXON VICE PRESIDENT / DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
CHARLES G KING SECRETARY / DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
SHERRY KING NEITHAMMER TREASURER / DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
DYLAN HIXON DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
WILLIAM GARFIELD KING DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
HENRY RICE DIRECTOR
1 		0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
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 (2024)
Form 990-PF (2024)
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
BANK OF HAWAII INVESTMENT ADVISOR 155,388
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
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  
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 (2024)
Form 990-PF (2024)
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
21,561,245
b
Average of monthly cash balances.......................
1b
166,289
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
21,727,534
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
21,727,534
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
325,913
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,401,621
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,070,081
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
1,070,081
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
16,337
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,337
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,053,744
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,053,744
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
1,053,744
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
728,111
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
728,111
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,053,744
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 656,900
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 728,111
a Applied to 2023, but not more than line 2a 656,900
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 2024 distributable amount..... 71,211
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		982,533
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
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

FEED MY SHEEP

PO BOX 847
PUUNENE,HI96784 		NONE PC UNRESTRICTED GIFT 60,000

FRIENDS OF AUWAHI FOREST
RESTORATION PROJECT
PO BOX 652
MAKAWAO,HI96768 		NONE PC UNRESTRICTED GIFT 15,000

KOHALA CENTER

PO BOX 437462
KAMUELA,HI96743 		NONE PC UNRESTRICTED GIFT 10,000

KEAWALAI CONGREGATIONAL CHURCH

5300 MAKENA ROAD
MAKENA,HI96753 		NONE PC UNRESTRICTED GIFT 5,000

HAWAII PET NETWORK

PO BOX 515
PUUNENE,HI96784 		NONE PC UNRESTRICTED GIFT 50,000

MAUI FOODBANK

760 KOLU STREET
WAILUKU,HI96793 		NONE PC UNRESTRICTED GIFT 130,000

HAWAII CANINES FOR INDEPENDENCE

PO BOX 1803
MAKAWAO,HI96768 		NONE PC UNRESTRICTED GIFT 50,000

MENTAL HEALTH ASSOCIATION IN HI

1136 UNION PLAZA SUITE 510
HONOLULU,HI96813 		NONE PC UNRESTRICTED GIFT 50,000

HAWAII ST JUNIOR GOLF

4330 KUKUI GROVE STREET
LIHUE,HI96766 		NONE PC UNRESTRICTED GIFT 70,000

ST MICHAEL'S AND ALL ANGELS CHURCH

4364 HARDY STREET
LIHUE,HI967661263 		NONE PC UNRESTRICTED GIFT 10,000

MAUI YOUTH RODEO ORGANIZATION

PO BOX 119
KULA,HI96790 		NONE PC UNRESTRICTED GIFT 15,000

MAUI HUMANE SOCIETY

PO BOX 1047
PUUNENE,HI96784 		NONE PC UNRESTRICTED GIFT 20,000

HALEAKALA CONSERVANCY

30000 HALEAKALA HIGHWAY
KULA,HI96790 		NONE PC UNRESTRICTED GIFT 15,000

MAUI FARMS

PO BOX 1776
MAKAWAO,HI96768 		NONE PC UNRESTRICTED GIFT 20,000

MAUI HEALTH FOUNDATION

221 MAHALANI STREET
WAILUKU,HI96793 		NONE PC UNRESTRICTED GIFT 25,000

LAHAINA RESTORATION FOUNDATION

648 WARD STREET
LAHAINA,HI96761 		NONE PC PROTECTING & REBUILDING 50,000

HUI NO'EAU VISUAL ARTS CENTER

2841 BALDWIN AVE
MAKAWAO,HI96768 		NONE PC GENERAL SUPPORT 10,000

ISLAND SCHOOL

3-1875 KAUMUALII HIGHWAY
LIHUE,HI967669597 		NONE PC UNRESTRICTED GIFT 30,000

KAPIOLANI HEALTH FOUNDATION

55 MERCHANT STREET 26TH FL
HONOLULU,HI96813 		NONE PC UNRESTRICTED GIFT 50,000

BOYS AND GIRLS CLUB OF MAUI

100 KANALOA AVENUE
KAHULUI,HI96832 		NONE PC UNRESTRICTED GIFT 40,000
Total .................................right arrow 3a 725,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 475,760  
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 ............ 		    18 872,831  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,348,591  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,348,591
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
GARMAR FOUNDATION
 
Employer identification number

94-3276214
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
GARMAR FOUNDATION
  		Employer identification number
94-3276214
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
KING CHARITABLE LEAD TRUST
PO BOX 3170 DEPT 715
 
HONOLULU, HI968023170

$ 1,485,465


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
GARMAR FOUNDATION
  		Employer identification number

94-3276214
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
GARMAR FOUNDATION
  		Employer identification number

94-3276214
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 3,105     3,105

TY 2024 InvestmentsOtherSchedule2
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SEE ATTACHED STATEMENT AT COST 16,928,013 23,153,836

TY 2024 OtherDecreasesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Amount
ROUNDING 13


TY 2024 OtherExpensesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 6 0   6
OTHER EXPENSE (NON-DEDUCTIBLE 48 48   0


TY 2024 OtherIncreasesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Amount
WASH SALE ADJUSTMENT 14,367


TY 2024 OtherProfessionalFeesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 155,388 155,388    


TY 2024 SubstantialContributorsSch
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Name Address
KING CHARITABLE LEAD TRUST PO BOX 3170 DEPT 715
HONOLULU,HI968023170


TY 2024 TaxesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 681 681   0
FEDERAL ESTIMATES - INCOME 3,818 0   0
FOREIGN TAXES ON QUALIFIED FOR 13,593 13,593   0
FOREIGN TAXES ON NONQUALIFIED 3,527 3,527   0