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
CONSUELO ZOBEL ALGER FOUNDATION
 
% CONSUELO ZOBEL ALGER FDN
Number and street (or P.O. box number if mail is not delivered to street address)110 NORTH HOTEL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96817
A Employer identification number

99-0266163
B Telephone number (see instructions)

(808) 532-3939
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$217,308,940J 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) 280,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,429,187 4,372,527 3,429,187
5a Gross rents............ 151,314 151,314 151,314
b Net rental income or (loss) 114,555
6a Net gain or (loss) from sale of assets not on line 10 9,529,984
b Gross sales price for all assets on line 6a 69,653,538
7 Capital gain net income (from Part IV, line 2)... 11,449,393
8 Net short-term capital gain......... 153,898
9 Income modifications........... 6,304
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
272,073 1,543,590 42,843
12 Total. Add lines 1 through 11........ 13,662,558 17,516,824 3,783,546
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 701,817     701,817
14 Other employee salaries and wages...... 1,147,305 42,462 42,462 1,104,843
15 Pension plans, employee benefits....... 489,529 8,293 8,293 460,090
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
24,912 0 0 24,169
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
402,680 0 0 398,863
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,113,616 658,750 658,750 406,051
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
389,663 100,960 341 259,607
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
242,008 28,084 242,008
20 Occupancy.............. 4,579     5,724
21 Travel, conferences, and meetings....... 504,417     524,215
22 Printing and publications.......... 2,761     2,761
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,423,835 515,743 5,810 2,970,950
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,447,122 1,354,292 957,664 6,859,090
25 Contributions, gifts, grants paid....... 84,296 84,296
26 Total expenses and disbursements. Add lines 24 and 25 8,531,418 1,354,292 957,664 6,943,386
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,131,140
b Net investment income (if negative, enter -0-) 16,162,532
c Adjusted net income (if negative, enter -0-)... 2,825,882
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.............      
2 Savings and temporary cash investments......... 3,266,180 2,707,826 2,707,826
3 Accounts receivable right arrow327,002
Less: allowance for doubtful accounts right arrow   350,162 327,002 327,002
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.......... 74,866 84,622 84,622
10a Investments—U.S. and state government obligations (attach schedule) 12,466,265 Click to see attachment
List of Attached Documents:
// Content
12,779,996 		12,779,996
b Investments—corporate stock (attach schedule)....... 107,333,752 Click to see attachment
List of Attached Documents:
// Content
106,490,274 		106,490,274
c Investments—corporate bonds (attach schedule)....... 11,510,986 Click to see attachment
List of Attached Documents:
// Content
13,556,273 		13,556,273
11 Investments—land, buildings, and equipment: basis right arrow1,085,406
Less: accumulated depreciation (attach schedule) right arrow988,288 134,104 Click to see attachment
List of Attached Documents:
// Content
97,118 		4,279,633
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 51,324,332 Click to see attachment
List of Attached Documents:
// Content
67,047,963 		67,047,963
14 Land, buildings, and equipment: basis right arrow7,508,622
Less: accumulated depreciation (attach schedule) right arrow4,244,218 3,516,524 Click to see attachment
List of Attached Documents:
// Content
3,264,404 		9,938,292
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
151,170 		Click to see attachment
List of Attached Documents:
// Content
97,059 		Click to see attachment
List of Attached Documents:
// Content
97,059
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 190,128,341 206,452,537 217,308,940
Liabilities 17 Accounts payable and accrued expenses.......... 1,036,725 1,078,208
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
249,168 		Click to see attachment
List of Attached Documents:
// Content
398,168
23 Total liabilities (add lines 17 through 22)......... 1,285,893 1,476,376
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........... 188,740,070 204,913,065
25 Net assets with donor restrictions............ 102,378 63,096
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 188,842,448 204,976,161
30 Total liabilities and net assets/fund balances (see instructions). 190,128,341 206,452,537
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
188,842,448
2
Enter amount from Part I, line 27a .....................
2
5,131,140
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,002,573
4
Add lines 1, 2, and 3 ..........................
4
204,976,161
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
204,976,161
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 INVESTMENTS - PUBLICLY TRADED SECURITIES P    
b OTHER PI INVESTMENTS - PUBLICLY TRADED SECURITIES P    
c INVESTMENTS - AYALA STOCK P    
d CAPITAL GAINS FROM PARTNERSHIPS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 61,646,921   55,099,116 6,547,805
b 2,546,447   2,546,447  
c 3,715,915   558,582 3,157,333
d 1,744,255     1,744,255
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       6,547,805
b        
c       3,157,333
d       1,744,255
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 11,449,393
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 3 153,898
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) 1 224,659
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 224,659
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 224,659
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 140,903
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 194,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 334,903
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 110,244
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow110,244 Refundedright arrow 11  
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? Click to see attachment
List of Attached Documents:
// Content
....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowHI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CONSUELO.ORG
14
The books are in care ofright arrowCONSUELO ZOBEL ALGER FDN Telephone no.right arrow (808) 532-3939

Located atright arrow110 NORTH HOTEL STREETHONOLULUHI ZIP+4right arrow96817
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowRP
Form 990-PF (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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CONSTANCE H LAUClick to see attachment
List of Attached Documents:
// Content
CHAIRMAN
5.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
PATTI J LYONSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
5.0 		18,000 18,923 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
JEFFREY N WATANABEClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
4.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
I PATRICK GRIGGSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
5.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
ALEJANDRO Z PADILLAClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
3.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
ROBERT S TSUSHIMAClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
1.0 		0 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
DONALD W LAYDENClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
5.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
HOYT H ZIAClick to see attachment
List of Attached Documents:
// Content
SECRETARY
3.0 		21,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
TIMOTHY E JOHNSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
3.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
RACHAEL WONGClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
3.0 		18,000 0 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
GREGORY AUBERRYClick to see attachment
List of Attached Documents:
// Content
PRESIDENT & CEO
40.0 		339,619 47,892 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
CHRISTINA KLEMMEClick to see attachment
List of Attached Documents:
// Content
TREASURER & CFO
40.0 		188,198 31,602 0
110 NORTH HOTEL STREET
HONOLULU,HI96817
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
AMOSA OTT DIRECTOR OF OPS
40.0 		81,393 3,532 0
110 N HOTEL STREET
HONOLULU,HI96817
DR MARIELLA CASTILLO MANAGING DIRECTOR
40.0 		111,109 3,716 0
110 N HOTEL STREET
HONOLULU,HI96817
REYNELLE SHIM SENIOR ACCOUNTANT
40.0 		81,486 18,754 0
110 N HOTEL STREET
HONOLULU,HI96817
DAWN MAHI SR PROGRAM OFFICER
40.0 		94,500 20,342 0
110 N HOTEL STREET
HONOLULU,HI96817
CASSANDRA NICHOLS PROGRAM OFFICER
40.0 		73,500 17,707 0
4062 KOKO DRIVE
HONOLULU,HI96816
Total number of other employees paid over $50,000...................right arrow 3
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
DELOITTE & TOUCHE LLP AUDIT/TAX CONSULTING 233,841
999 BISHOP STREET SUITE 2700
HONOLULU,HI96813
HUI MALAMA I KE ALA ULILI (huiMAU) PROGRAM CONSULTING 165,134
PO BOX 6
PAAUILO,HI96776
MOLOKAI CHILD ABUSE PREVENTION PATHWAYS PROGRAM CONSULTING 120,210
PO 1049
KAUNAKAKAI,HI96748
CAMBRIDGE ASSOCIATES LLC INVEST. CONSULTING 369,277
PO BOX 412015
BOSTON,MA02241
RESOURCES CONNECTION LLC ACCOUNTING SERVICES 96,267
17101 ARMSTRONG AVENUE
IRVINE,CA92614
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 CONSUELO FOUNDATION: COMMUNICATIONS AND PUBLICATIONS KNOWLEDGE MANAGEMENT. 242,936
2 CHILD AND FAMILY SERVICE PHILIPPINES PROJECT: RECOVERY PROGRAM, ADVOCACY, AND ADMIN SUPPORT. 299,740
3 CONSUELO FOUNDATION: PARTNER CAPACITY BUILDING, TRAININGS, WORSKHOPS, TECHNICAL SUPPORT TO CONSUELO PARTNERS. 505,677
4 CONSUELO FOUNDATION: ADVOCACY; SUPPORT FOR ADVOCACY ACTIVITIES FOR THE PROTECTION OF CHILDREN. 599,157
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 SWEAT EQUITY ADVANCES: PROVIDE FUNDS TO RESIDENTS OF SELF-HELP HOUSING PROJECT FOR IMPROVEMENTS AND OTHER COSTS RELATED TO THEIR HOMES. 5,700
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow5,700
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
124,747,262
b
Average of monthly cash balances.......................
1b
5,087,466
c
Fair market value of all other assets (see instructions)................
1c
71,616,651
d
Total (add lines 1a, b, and c).........................
1d
201,451,379
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
201,451,379
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,021,771
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
198,429,608
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,921,480
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
6,943,386
b
Program-related investments—total from Part VIII-B..................
1b
5,700
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
89,570
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
7,038,656
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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
1989-06-12
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
2,825,882 3,050,592 4,080,840 4,037,959 13,995,273
b 85% (0.85) of line 2a ......... 2,402,000 2,593,003 3,468,714 3,432,265 11,895,982
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		7,038,656 6,746,086 7,384,248 7,504,027 28,673,017
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		84,296 135,123 213,070 37,420 469,909
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		6,954,360 6,610,963 7,171,178 7,466,607 28,203,108
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 .. 		6,614,320 5,929,261 6,090,031 6,740,135 25,373,747
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

CHILD & FAMILY SERVICE

91-1841 Fort Weaver Road
EWA BEACH,HI96706 		NONE PC FOURTH AND FINAL PAYMENT ANNUAL PLEDGE 15,000

CHILD AND FAMILY SERVICE PHILIPPINES INC

11 MANZANILLO SUBD EASTER RD
BAGUIO CITY   2500
RP 		NONE NC PROCEEDS FOR HAWAII FUNDRAISER SUPPORT 42,051

HUI MALAMA I KE ALA ULILI

PO BOX 6
PAAUILO,HI96776 		  PC VAN PURCHASE ASSISTANCE 5,000

MAULIOLA KE'EHI

94-115 PUANANE LP
MILILANI,HI96789 		  PC RENOVATION OF TWO CONTAINERS AS WELL AS REPAIR OF CANOES AND PURCHASING CANOE COVERS 11,800

CHILD PROTECTION NETWORK FOUNDATION INC

1630 Luis Ma Guerrero St
Malate Manila   1004
RP 		  PC SUPPORT FOR THE 16TH AKO PARA SA BATA CONFERENCE 2,352

IDEA PHILIPPINES

0821 JA Clarin St
Tagbilaran City,Bohol6300
RP 		  PC SUPPORT FOR THE IMPLEMENTATION OF THE SPECIALIZED VOCATIONAL TRAINING PROGRAM FOR SENIOR HIGH SCHOOL STUDENTS 8,093
Total .................................right arrow 3a 84,296
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 3,429,187  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 114,555  
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 9,529,984  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGAIN ON SALE OF SELF-HELP HOUSING 		    18 169,387  
bMISCELLANEOUS INCOME FROM INVESTMENTS     01 43,047  
cOTHER MISCELLANEOUS INCOME     01 59,639  
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   13,345,799  
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,345,799
(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
CONSUELO ZOBEL ALGER FOUNDATION
 
Employer identification number

99-0266163
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
CONSUELO ZOBEL ALGER FOUNDATION
  		Employer identification number
99-0266163
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
PATTI LYONS
3057 PAPALI STREET
 
HONOLULU, HI96819

$ 25,000


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

$ 25,000


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

$ 225,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
KELLEN KASHIWA
801 SOUTH ST 2414
 
HONOLULU, HI96813

$ 5,000


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

$  


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

$  


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

99-0266163
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
CONSUELO ZOBEL ALGER FOUNDATION
  		Employer identification number

99-0266163
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
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:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING EXPENSE 402,680 0 0 398,863

TY 2024 CompensationExplanation
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Person Name Explanation
CONSTANCE H LAU OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
PATTI J LYONS PATTI LYONS' COMPENSATION INCLUDES THE FOLLOWING: 1) BOARD MEETING FEES AND HONORARIUM. TIME DEVOTED TO PATTI'S ROLE AS A BOARD MEMBER IS APPROXIMATELY 5 HOURS PER WEEK. 2) CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS. OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
JEFFREY N WATANABE OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
I PATRICK GRIGGS OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
ALEJANDRO Z PADILLA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
ROBERT S TSUSHIMA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
DONALD W LAYDEN OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
HOYT H ZIA OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
TIMOTHY E JOHNS OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.
RACHAEL WONG OVER THE YEARS, BESIDES ATTENDING QUARTERLY DAY-LONG MEETINGS, BOARD MEMBERS HAVE BEEN REQUIRED TO SPEND AT LEAST 10 DAYS PER YEAR TRAVELING THROUGHOUT THE PHILIPPINES AND HAWAII TO VISIT THE FOUNDATION'S PROGRAM PARTNERS AND BENEFICIARIES, WHICH EXCEED THE NORMAL TIME AND COMMITMENT REQUIREMENTS OF MOST NON-PROFITS.

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TY 2024 DepreciationSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
HI - LAND - HOTEL 2003-01-01 1,376,219 0 L          
HI - BLDG - HOTEL 2003-01-01 3,316,992 2,328,670     132,150      
HI - EQUIPMENT 2003-01-01 58,603 56,016     757      
HI - COMPUTERS 2003-01-01 50,160 31,826     7,592      
HI - FF&E 2003-01-01 295,485 293,751     1,180      
HI - SOFTWARE 2003-01-01 67,303 8,534     12,411      
HI - ARTWORK 2012-01-01 11,193 0            
BLDG-CITI(NONC) 2003-01-01 905,715 785,092     27,625      
PI - BLDG-CITI (C) 2003-01-01 1,129,605 978,029     34,401      
PI - CONDO (NONC) 2003-01-01 179,691 169,956     5,615      
PI - EQUIPMENT 2003-01-01 79,848 61,508     6,027      
PI - COMPUTERS 2006-01-01 105,762 59,497     10,531      
PI - FF&E 2003-01-01 203,744 195,772     933      
PI - VEHICLES 2006-01-01 24,633 21,847     2,786      
PI - OIL PAINTINGS 2003-01-01 14,424 0            
HI - PIP - LAND 2003-01-01 548,232 0 L          
HI - PIP - INFRA 2003-01-01 163,113 0            
HI - CIP 2003-01-01 63,306 0            

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TY 2024 ExpenditureResponsibilityStmt
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CHILD PROTECTION NETWORK FOUNDATION INC
  		1630 LUIS MARIA GUERRERO ST
MANILA   1004
RP 		2024-10-04 2,352 SUPPORT FOR THE 16TH AKO PARA SA BATA CONFERENCE 2,352 NO 10/04/2024 2024-10-04 THE GRANTOR ENSURED THAT THE GRANT WAS USED FOR ITS INTENDED PURPOSE BY DEPOSITING FUNDS DIRECTLY INTO GRANTEE'S ACCOUNT AND INSTRUCTING GRANTEE OF THE PURPOSE OF THE GRANT. THE GRANTOR HAS NO REASON TO DOUBT THAT THE GRANT WAS USED FOR ANY OTHER PURPOSE.
IDEA PHILIPPINES
  		0821 JA CLARIN ST
TAGBILARAN CITY,BOHOL6300
RP 		2024-11-05 8,093 SUPPORT FOR IMPLEMENTATION OF SPECIALIZED VOCATIONAL TRAINING PROGRAM FOR HIGH SCHOOL STUDENTS 8,093 NO 11/04/2024 2024-11-04 THE GRANTOR ENSURED THAT THE GRANT WAS USED FOR ITS INTENDED PURPOSE BY DEPOSITING FUNDS DIRECTLY INTO GRANTEE'S ACCOUNT AND INSTRUCTING GRANTEE OF THE PURPOSE OF THE GRANT. THE GRANTOR HAS NO REASON TO DOUBT THAT THE GRANT WAS USED FOR ANY OTHER PURPOSE.
CHILD AND FAMILY SERVICE PHILIPPINES INC
  		11 MANZANILLO SUBD EASTER RD
BAGUIO CITY   2600
RP 		2024-12-20 42,051 SUPPORT FOR PROGRAM FOR CHILDREN 42,051 NO 12/20/2024 2024-12-20 THE GRANTOR ENSURED THAT THE GRANT WAS USED FOR ITS INTENDED PURPOSE BY DEPOSITING FUNDS DIRECTLY INTO GRANTEE'S ACCOUNT AND INSTRUCTING GRANTEE OF THE PURPOSE OF THE GRANT. THE GRANTOR HAS NO REASON TO DOUBT THAT THE GRANT WAS USED FOR ANY OTHER PURPOSE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Name of Bond End of Year Book Value End of Year Fair Market Value
PAYDEN & RYGEL 13,556,273 13,556,273

TY 2024 InvestmentsCorpStockSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Name of Stock End of Year Book Value End of Year Fair Market Value
PAYDEN & RYGEL 3,171,630 3,171,630
DREYFUS INST'L RES MM FUND 182,765 182,765
LADDERED BONDS 59,428 59,428
CONSUELO COMMINGLED FUNDS 95,079 95,079
FIDUCIARY MANAGEMENT 6,651,950 6,651,950
BANK OF THE PHILIPPINE ISLANDS 4,065,963 4,065,963
BNY MUTUAL FUNDS GROUP 92,261,069 92,261,069
SCULPTOR OVERSEAS FUND, LTD. 2,390 2,390
CASH HELD AT FUND (NIB) 0 0

TY 2024 InvestmentsGovtObligationsSch
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
US Government Securities - End of Year Book Value:

12,779,996
US Government Securities - End of Year Fair Market Value:

12,779,996
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsLandSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BLDG-CITI(NONC) 905,715 812,717 92,998  
PI - CONDO (NONC) 179,691 175,571 4,120  

TY 2024 InvestmentsOtherSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACADIAN INT'L SMALL CAP FUND   2,262,581 2,262,581
ARROWSTREET CAPITAL GLB EQ   9,443,883 9,443,883
DAVIDSON KEMPNER INST'L PTRS   4,606,684 4,606,684
DOVER STREET XI   616,287 616,287
DW HEALTHCARE PTRS SMALL CAP   489,180 489,180
EVANSTON CAPITAL ALPHA   6,029,512 6,029,512
FIRST EAGLE US SMALL CAP   2,332,807 2,332,807
GLOBAL RESEARCH EQ EXT FUND   8,327,588 8,327,588
ISAM   5,381,545 5,381,545
RENAISSANCE INST'L EQ PTRS   5,119,447 5,119,447
TWO SIGMA EXT U.S. ALL CAP EQ   10,431,956 10,431,956
SILCHESTER INT'L INV INT'L VAL   7,854,275 7,854,275
PRIME FINANCE   286,452 286,452
FORTRESS CREDIT OPPORTUNITIES   835,712 835,712
TIVERTON AGRIFINANCE III   432,814 432,814
ENCAP CAPITAL FUND XII   1,039,855 1,039,855
ACCOLADE PARTNERS-VENTURE FEED   1,180,394 1,180,394
ACCOLADE PARTNERS-SEED FEED   375,000 375,000
OZ OVERSEAS FUND   1,991 1,991

TY 2024 LandEtcSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
HI - LAND - HOTEL 1,376,219 0 1,376,219  
HI - BLDG - HOTEL 3,316,992 2,460,820 856,172  
HI - EQUIPMENT 58,603 56,773 1,830  
HI - COMPUTERS 50,160 39,418 10,742  
HI - FF&E 295,485 294,931 554  
HI - SOFTWARE 67,303 20,945 46,358  
HI - ARTWORK 11,193 0 11,193  
PI - BLDG-CITI (C) 1,129,605 1,012,430 117,175  
PI - EQUIPMENT 79,848 67,535 12,313  
PI - COMPUTERS 105,762 70,028 35,734  
PI - FF&E 203,744 196,705 7,039  
PI - VEHICLES 24,633 24,633    
PI - OIL PAINTINGS 14,424 0 14,424  
HI - PIP - LAND 548,232 0 548,232  
HI - PIP - INFRA 163,113 0 163,113  
HI - CIP 63,306 0 63,306  


TY 2024 LegalFeesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL EXPENSE 24,912 0 0 24,169


TY 2024 OtherAssetsSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSETS 151,170 97,059 97,059


TY 2024 OtherExpensesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 73,832 681 681 78,270
LICENSES & FEES 4,186     -56,109
STAFF DEVELOPMENT 9,100     9,100
UTILITIES 33,249     32,922
MAINTENANCE 136,067     130,087
SUPPLIES 112,468     117,075
TELEPHONE 57,733     57,697
MISCELLANEOUS 66,919     66,581
COMMUNITY RELATIONS 64,960     59,939
EMPLOYEE RELATIONS 34,811     34,504
SECURITY 5,120     4,573
POSTAGE 4,297     5,444
LOSS ON SALE OF EQUIPMENT 105     105
DUES & SUBSCRIPTIONS 80,769 5,129 5,129 86,817
OTHER PROGRAM EXPENDITURES 2,229,313     2,223,309
CABLE/INTERNET       -1,688
COMPUTER EXPENSE 132,221     122,324
OTHER EXPENSES FROM P'SHIPS   509,933    
FOREIGN EXCHANGE LOSS 378,685      


TY 2024 OtherIncomeSchedule2
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GAIN ON SALE OF SELF-HELP HOUSING 169,387    
MISCELLANEOUS INCOME 59,843    
MISCELLANEOUS INCOME FROM INVESTMENTS 42,843 42,843 42,843
MISCELLANEOUS INCOME FROM P'SHIPS   1,500,747  


TY 2024 OtherIncreasesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Amount
UNREALIZED GAIN 10,970,032
OTHER COMPREHENSIVE INCOME 32,541


TY 2024 OtherLiabilitiesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL TAXES 249,168 398,168


TY 2024 OtherProfessionalFeesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 1,113,616 658,750 658,750 406,051


TY 2024 TaxesSchedule
Name:
CONSUELO ZOBEL ALGER FOUNDATION
EIN:
99-0266163
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CURRENT NET INVESTMENT INCOME 218,757     238,757
DEFERRED NET INVESTMENT INCOME 149,194      
PHILIPPINE INCOME TAX 21,060     20,539
REAL PROPERTY TAXES 652 341 341 311
FOREIGN TAXES FROM P'SHIPS   100,619