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

99-0313279
B Telephone number (see instructions)

(808) 591-2550
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$182,543,397J 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) 13,760,070
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,383,772 1,383,772  
4 Dividends and interest from securities... 2,976,111 2,976,111  
5a Gross rents............ 350,915 350,915  
b Net rental income or (loss) 131,174
6a Net gain or (loss) from sale of assets not on line 10 7,875,447
b Gross sales price for all assets on line 6a 30,143,472
7 Capital gain net income (from Part IV, line 2)... 7,875,447
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,450,518 3,450,518  
12 Total. Add lines 1 through 11........ 29,796,833 16,036,763  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 199,519 0   199,519
14 Other employee salaries and wages...... 128,005 0   128,005
15 Pension plans, employee benefits....... 44,847 0   44,847
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
57 0   57
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
66,754 46,728   20,026
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,416,735 669,361   747,374
17 Interest............... 275,773 275,773   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
215,761 192,787   22,974
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
72,854 72,854  
20 Occupancy.............. 2,673 0   2,673
21 Travel, conferences, and meetings....... 55,229 0   55,229
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
209,963 87,316   122,647
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,688,170 1,344,819   1,343,351
25 Contributions, gifts, grants paid....... 5,190,270 5,190,270
26 Total expenses and disbursements. Add lines 24 and 25 7,878,440 1,344,819   6,533,621
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,918,393
b Net investment income (if negative, enter -0-) 14,691,944
c Adjusted net income (if negative, enter -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............. 995,720 1,154,952 1,154,952
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 14,876,375 Click to see attachment
List of Attached Documents:
// Content
17,012,273 		16,667,985
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 3,108,720 Click to see attachment
List of Attached Documents:
// Content
5,268,483 		5,320,452
11 Investments—land, buildings, and equipment: basis right arrow8,840,734
Less: accumulated depreciation (attach schedule) right arrow572,891 8,283,520 Click to see attachment
List of Attached Documents:
// Content
8,267,843 		9,315,341
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 110,208,844 Click to see attachment
List of Attached Documents:
// Content
127,688,021 		150,083,667
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 137,474,179 159,392,572 182,543,397
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,398,570 6,398,570
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 131,075,609 152,994,002
29 Total net assets or fund balances (see instructions)..... 137,474,179 159,392,572
30 Total liabilities and net assets/fund balances (see instructions). 137,474,179 159,392,572
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
137,474,179
2
Enter amount from Part I, line 27a .....................
2
21,918,393
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
159,392,572
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
159,392,572
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 REALIZED GAIN FROM PUBLICALLY TRADED SECURITIES      
b REALIZED GAIN FROM FUTURES CONTRACT      
c REALIZED GAIN FROM K-1S      
d REALIZED GAIN FROM PFIC      
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 23,201,630   21,356,787 1,844,843
b 313,053     313,053
c 5,602,470     5,602,470
d 1,026,319   911,238 115,081
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,844,843
b       313,053
c       5,602,470
d       115,081
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,875,447
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) 1 204,218
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........................... 3 204,218
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- ..... 5 204,218
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 237,738
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 437,738
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 10 233,520
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow233,520 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
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. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://WWW.KOSASAFOUNDATION.ORG/
14
The books are in care ofright arrowANDREA CARR Telephone no.right arrow (808) 436-8975

Located atright arrowPO BOX 30685HONOLULUHI ZIP+4right arrow96820
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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
GLORIA GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
PAUL J KOSASA PRES/TREAS/DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
SUSAN M KOSASA VP/SEC/DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
THOMAS S KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
CHRISTINE VAN BERGEIJK CEO
40.00 		199,519 6,532 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
LINDSAY KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
IAN KOSASA DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
LISA GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
CHRISTIAN GAINSLEY DIRECTOR
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
RIKI MORIMOTO INDEPENDENT APPOINTER
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
TRACY IDE INDEPENDENT APPOINTER
0.00 		0 0 0
C/O 3610 WAIALAE AVE
HONOLULU,HI96816
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
STRATEGIC INVESTMENT GROUP INVESTMENT MANAGEMENT 476,608
1001 19TH ST N FL 16
ARLINGTON,VA22209
DENNIS R SUGINO INVESTMENT MANAGEMENT 125,000
19432 FOXDALE CIR
HUNTINGTON BEACH,CA92648
LIZA CULICK CONSULTING SERVICES 62,869
330 MELIN AVE
BEN LOMOND,CA95005
ROCK SALT MEDIA INC CONSULTING SERVICES 61,076
PO BOX 37969
HONOLULU,HI96837
THOMAS KELLY JR DBA KEL ADVISING CONSULTING SERVICES 60,940
1105 E ALEJO RD
PALM SPRINGS,CA92262
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
43,269,672
b
Average of monthly cash balances.......................
1b
1,156,556
c
Fair market value of all other assets (see instructions)................
1c
132,712,182
d
Total (add lines 1a, b, and c).........................
1d
177,138,410
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
177,138,410
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,657,076
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
174,481,334
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,724,067
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
8,724,067
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
204,218
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
204,218
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,519,849
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
8,519,849
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
8,519,849
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
6,533,621
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,533,621
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 8,519,849
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,107,987
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,533,621
a Applied to 2023, but not more than line 2a 2,107,987
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..... 4,425,634
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 .......... 		4,094,215
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....  
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
 
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow 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 e-mail address of the person to whom applications should be addressed:
CHRISTINE VAN BERGEIJK - KOSASA FOU
3610 WAIALAE AVENUE
HONOLULU,HI96816
(808) 591-2550
bThe form in which applications should be submitted and information and materials they should include:
LETTER OR ONLINE APPLICATION AT WWW.KOSASAFOUNDATION.ORG
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FOR CHARITABLE, EDUCATIONAL, LITERARY, SCIENTIFIC AND RELIGIOUS PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS UNDER IRC SECTION 501(C)(3) OF 1986, OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAW. GRANTS LIMITED TO ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3) WITH A FOCUS OF WORK IN THE STATE OF HAWAII THAT DO NOT HAVE A CURRENT WORKING GRANT WITH THE FOUNDATION.
Form 990-PF (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

808 CLEANUPS

PO BOX 240341
HONOLULU,HI96824 		N/A PC COMMUNITY STEWARDSHIP OF CONSERVATION AND RESTORATION SITES 50,000

ADULT FRIENDS FOR YOUTH

3375 KOAPAKA ST STE B290
HONOLULU,HI96819 		N/A PC PROGRAM SUPPORT FOR AT-RISK YOUTH IN URBAN HONOLULU 100,000

ALOHA HARVEST

3599 WAIALAE AVE STE 23
HONOLULU,HI96816 		N/A PC SUPPORT OPERATIONS FOR FOOD COLLECTION AND DISTRIBUTION 20,000

ALOHA INTERNATIONAL PIANO FESTIVAL

1325 AUPAPAOHE ST
KAILUA,HI96734 		N/A PC SUPPORT FOR ANNUAL PIANO COMPETITION AND MUSIC EDUCATION 5,000

BIG ISLAND RESOURCE CONSERVATION AND DEVELOPMENT COUNCIL

200 KANOELEHUA AVE PMB 285
HILO,HI96720 		N/A PC PLANT PONO LANDSCAPING EDUCATION PROGRAM 50,000

BISHOP MUSEUM

1525 BERNICE ST
HONOLULU,HI96817 		N/A PC INCREASE ACCESSIBILITY OF MUSEUM'S COLLECTION TO BROADER ENVIRONMENTAL FIELD 100,000

BOYS & GIRLS CLUB OF MAUI

100 KANALOA AVE
KAHULUI,HI96732 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 100,000

BOYS TO MEN MENTORING NETWORK

67-1185 MAMALAHOA HWY D-104 PMB 199
KAMUELA,HI96743 		N/A PC MENTORING PROGRAM FOR MIDDLE- AND HIGH SCHOOL BOYS 10,000

CHAMBER MUSIC HAWAII

PO BOX 61939
HONOLULU,HI96839 		N/A PC SUPPORT FOR 2025 SEASON 20,000

CORAL REEF ALLIANCE

548 MARKET ST
SAN FRANCISCO,CA94104 		N/A PC DEVELOP WATER QUALITY DATA TO DRIVE CORAL PROTECTION ACTIONS 75,000

DOWNTOWN ART CENTER

1041 NUUANU AVE 2ND FLOOR
HONOLULU,HI96817 		N/A PC SUPPORT ARTS HUB ACTIVITY IN CHINATOWN 25,000

EPIC OHANA INC

1130 N NIMITZ HWY C210
HONOLULU,HI96817 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 74,786

FEED THE HUNGER FUND

1050 BISHOP ST STE 387
HONOLULU,HI96813 		N/A PC SUPPORT SHIFT TO ENVIRONMENTALLY FOCUSED LOANS FOR SMALL FOOD PRODUCERS 200,000

FRIENDS OF AMY BH GREENWELL ETHNOBOTANICAL GARDEN

PO BOX 1053
CAPTAIN COOK,HI96704 		N/A PC INDIGENOUS PLANT SPECIES PROTECTION AND ENV EDUCATION 50,000

FRIENDS OF THE FUTURE

PO BOX 2655
KAMUELA,HI96743 		N/A PC SUPPORT FOR TUTU'S HOUSE PROGRAMS ON COMMUNITY WELLBEING 30,000

GIRL SCOUTS OF HAWAI'I

410 ATKINSON DR STE 2E1 BOX 3
HONOLULU,HI96814 		N/A PC SUPPORT FOR LEADERSHIP DEVELOPMENT AROUND ENVIRONMENTAL STEWARDSHIP 20,000

HAKU BALDWIN CENTER

444 MAKAWAO AVE
MAKAWAO,HI96768 		N/A PC EQUINE THERAPY PROGRAM FOR YOUTH AND ADULTS WITH DISABILITIES 10,000

HANA ARTS INC

PO BOX 686
HANA,HI96713 		N/A PC ARTS PROGRAMS FOR HANA SCHOOLS AND ADULTS 20,000

HAWAII PUBLIC RADIO

738 KAHEKA ST STE 101
HONOLULU,HI96814 		N/A PC GENERAL OPERATING SUPPORT FOR STATION 25,000

HAWAII YOUTH SYMPHONY ASSOCIATION

1350 S KING ST STE 201
HONOLULU,HI96814 		N/A PC MUSIC EDUCATION PROGRAMS 35,000

HAWAI'I BICYCLING LEAGUE

3442 WAIALAE AVE NO 10
HONOLULU,HI96816 		N/A PC OPERATING SUPPORT FOR COMMUNITY EDUCATION, PLANNING, AND PUBLIC CYCLING EVENTS 35,000

HAWAI'I BOOK AND MUSIC FESTIVAL

47-231 KAMAKOI RD
KANEOHE,HI96744 		N/A PC SUPPORT FOR ANNUAL FESTIVAL TO BE HELD AT UH MANOA 20,000

HAWAII COMMUNITY FOUNDATION

827 FORT ST MALL
HONOLULU,HI96813 		N/A PC SUPPORT FOR COFA MEDICAID ENROLLMENT PROJECT 200,000

HAWAI'I CORD BLOOD BANK

1319 PUNAHOU ST
HONOLULU,HI96826 		N/A PC OPERATING SUPPORT FOR COLLECTION, STORAGE OF CORD BLOOD 25,000

HAWAI'I ENVIRONMENTAL RESTORATION

14-243 PAPAYA FARMS RD
PAHOA,HI96778 		N/A PC ENVIRONMENTAL RESTORATION AND EDUCATION AT KEAU`OHANA STATE FOREST RESERVE 30,000

HAWAI'I FOODBANK

2611 KILIHAU ST
HONOLULU,HI96819 		N/A PC GENERAL OPERATING SUPPORT 50,000

HAWAI'I INTERNATIONAL FILM FESTIVAL

680 IWILEI ROAD STE 100
HONOLULU,HI96817 		N/A PC SUPPORT FOR 2024 FILM FESTIVAL 20,000

HAWAI'I OPERA THEATRE

848 S BERETANIA ST STE 301
HONOLULU,HI96813 		N/A PC SUPPORT 2024 SEASON 20,000

HAWAI'I PERFORMING ARTS COMPANY LTD

2833 EAST MANOA ROAD
HONOLULU,HI96822 		N/A PC SUPPORT 2024 SEASON 10,000

HAWAI'I SYMPHONY ORCHESTRA

3610 WAIALAE AVE
HONOLULU,HI96816 		N/A PC SUPPORT FOR 2024-2025 SEASON 30,000

HAWAII THEATRE CENTER

1130 BETHEL ST
HONOLULU,HI96813 		N/A PC BUILD HTC DONOR DEVELOPMENT OFFICE, STAFF, AND CAPACITY 65,000

HAWAI'I THEATRE CENTER

1130 BETHEL ST
HONOLULU,HI96813 		N/A PC THEATER TRAINING PROGRAMS FOR YOUTH 25,000

HAWAIIAN COMMUNITY ASSETS

310 PAOAKALANI AVE NO 204E
HONOLULU,HI96815 		N/A PC CAPITAL SUPPORT FOR THE DEVELOPMENT OF THE MAUI HUB WHICH WILL HOUSE COMMUNITY SERVING ORGANIZATIONS 500,000

HAWAIIAN ISLANDS LAND TRUST

126 QUEEN ST STE 306
HONOLULU,HI96813 		N/A PC RENOVATION OF THE CULTURAL EDUCATION CENTER AT WAIHE`E RIDGE ON MAUI 250,000

HELPING HANDS HAWAI'I

2100 N NIMITZ HWY
HONOLULU,HI96819 		N/A PC OPERATING SUPPORT FOR 4 PROGRAMS SERVING VULNERABLE O`AHU POPULATIONS 30,000

HOOLA NA PUA

PO BOX 22551
HONOLULU,HI96823 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 100,000

HOA 'AINA O MAKAHA

84-225 ALA NAAUAO PL
WAIANAE,HI96792 		N/A PC YOUTH `AINA-BASED EDUCATION PROGRAM 30,000

HONOLULU CIVIL BEAT INC

PO BOX 10857
HONOLULU,HI96816 		N/A PC OPERATIONAL SUPPORT FOR LOCAL INVESTIGATIVE NEWS COVERAGE 20,000

HONOLULU MUSEUM OF ART

900 S BERETANIA ST
HONOLULU,HI96814 		N/A PC PROGRAM SUPPORT FOR ARTS EDUCATION CLASSES AT THE ART SCHOOL 25,000

HO'OKUA'AINA

PO BOX 342146
KAILUA,HI96734 		N/A PC YOUTH MENTORSHIP PROGRAM AROUND ENVIRONMENTAL STEWARDSHIP 37,500

HUI MALAMA O KE KAI FOUNDATION

41-477 HHMANU ST
WAIMANOLO,HI96795 		N/A PC AFTER-SCHOOL PROGRAM FOR K-12 IN WAIMANALO 15,000

HUI NO'EAU VISUAL ARTS CENTER

2841 BALDWIN AVE
MAKAWAO,HI96768 		N/A PC COMMUNITY ARTS EDUCATION HUB 20,000

HUI O KO'OLAUPOKO

PO BOX 1892
KAILUA,HI96734 		N/A PC COMMUNITY ACTION TEAMS TO ADDRESS LITTLE FIRE ANT INVASION 55,000

HUIMAU

PO BOX 6
PAAUILO,HI96776 		N/A PC PLACE-BASED EDUCATIONAL INITIATIVES AND INA-CENTERED PRACTICES 100,000

IMPACT CHANGE HAWAI'I

PO BOX 235202
HONOLULU,HI96823 		N/A PC CURRICULUM DEVELOPMENT AND TESTING OF EARLY READING EDUCATION 47,967

INSTITUTE FOR CLIMATE AND PEACE

2855 EAST MANOA RD STE 105 PMB 333
HONOLULU,HI96822 		N/A PC LEADERSHIP AND POLICY TRAINING ON INTERSECTION OF PEACE AND ENVIRONMENTAL CRISIS 17,000

INSTITUTE FOR NATIVE PACIFIC EDUCATION AND CULTURE

91-1010 SHANGRILA ST
KAPOLEI,HI96707 		N/A PC LAND ACQUISITION FOR COMMUNITY HUB IN NANAKULI 200,000

JAPAN AMERICA SOCIETY OF HAWAII

1600 KAPIOLANI BLVD STE 204
HONOLULU,HI96814 		N/A PC JAPAN WIZARDS HIGH SCHOOL COMPETITION 5,000

JAPAN AMERICAN SOCIETY OF HAWAI'I

2454 S BERETANIA ST NO 303
HONOLULU,HI96826 		N/A PC JAPANESE LANGUAGE AND CULTURAL ACTIVITIES FOR YOUTH 3,000

KALAELOA HERITAGE & LEGACY FOUNDATION

PO BOX 75447
KAPOLEI,HI96707 		N/A PC SOLAR SYSTEM AND WI-FI TO SUPPORT ENVIRONMENTAL RESTORATION WORK 45,000

KOKUA KALIHI VALLEY

2239 N SCHOOL ST
HONOLULU,HI96819 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 100,000

KONA HISTORICAL SOCIETY

PO BOX 398
CAPTAIN COOK,HI96704 		N/A PC SUPPORT FOR SUMMER YOUTH PROGRAM AND SCHOOL VISITS 41,956

KRISTI YAMAGUCHI ALWAYS DREAM FOUNDATION

1150 S KING ST STE 608
HONOLULU,HI96814 		N/A PC PROGRAM SUPPORT FOR EARLY CHILDHOOD READING PROGRAM EXPANSION ON HAWAI`I ISLAND 50,000

KULIA EDUCATION FOUNDATION

2340 OMILO LANE
HONOLULU,HI96819 		N/A PC SUPPORT FOR NEW PUBLIC CHARTER SCHOOL IN KAILUA WITH FOCUS ON A.I. AND DATA SCIENCE 10,000

KUPU

677 ALA MOANA BLVD STE 1200
HONOLULU,HI96813 		N/A PC PROGRAM SUPPORT FOR AT-RISK YOUTH SERVICES AND WORKFORCE TRAINING 100,000

LIGHTHOUSE PROJECT

215 KAWAIHAE ST STE 608
HONOLULU,HI96825 		N/A PC SUPPORT FOR PBS SHOW "FAMILY INGREDIENTS" 35,000

MA KA HANA KA IKE BUILDING PROGRAM

PO BOX 968
HANA,HI96713 		N/A PC K-12 AG EDUCATION PROGRAMS AT MAHELE FARMS 50,000

MAKE-A-WISH FOUNDATION OF HAWAI'I INC

900 FORT STREET MALL STE 1200
HONOLULU,HI96813 		N/A PC SUPPORT FOR FULFILLING WISHES OF CRITICALLY ILL CHILDREN 15,000

MALAMA MAUNALUA

7192 KALANIANAOLE HWY A143A
HONOLULU,HI96825 		N/A PC COMMUNITY ENGAGEMENT TO RESTORE HEALTH OF MAUNALUA BAY 100,000

MARCH OF DIMES

590 FARRINGTON HWY UNIT 524 BOX 449
KAPOLEI,HI96707 		N/A PC SUPPORT FOR FAMILIES WITH BABIES IN NEONATAL INTENSIVE CARE UNIT 5,000

MAUI ARTS & CULTURAL CENTER

ONE CAMERON WAY
KAHULUI,HI96732 		N/A PC SUPPORT FOR ARTS EDUCATION IN DOE MAUI SCHOOLS 15,000

MAUI HUI MALAMA

375 MAHALANI ST
WAILUKU,HI96793 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 100,000

MAUI PREPARATORY ACADEMY

4910 HONOAPIILANI HWY
LAHAINA,HI96761 		N/A PC TUITION ASSISTANCE FOR MAUI FIRE VICTIMS 15,000

NATIONAL TROPICAL BOTANICAL GARDEN

3530 PAPALINA RD
KALAHEO,HI96741 		N/A PC BIOCULTURAL CONSERVATION OF COASTAL HALA FOREST IN E. MAUI 49,388

PARTNERS IN DEVELOPMENT FOUNDATION

2040 BACHELOT ST
HONOLULU,HI96817 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 62,995

PROJECT VISION HAWAII

PO BOX 23212
HONOLULU,HI96823 		N/A PC CHILD VISION, HEARING, DENTAL SCREENING AT TITLE 1 SCHOOLS 50,000

PU'A FOUNDATION

PO BOX 11025
HONOLULU,HI96828 		N/A PC ACQUISITION OF PROPERTY TO DEVELOP SEED BANK AND BIODIVERSITY RESTORATION 100,000

PURPLE MAIA FOUNDATION

98-820 MOANALUA RD STE 15-547
AIEA,HI96701 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 82,821

RESIDENTIAL YOUTH SERVICES AND EMPOWERMENT

42-470 KALANIANAOLE HWY
KAILUA,HI96734 		N/A PC FINANCIAL LITERACY EDUCATION FOR HOMELESS YOUTH 100,000

RE-USE HAWAI'I

4561 SALT LAKE BLVD
HONOLULU,HI96818 		N/A PC SUPPORT FOR MOVING LOCATION AND BUILDING OUT NEW SITE 100,000

SEEQS FOUNDATION

1728 NUUANU AVE
HONOLULU,HI96817 		N/A PC PROFESSIONAL DEVELOPMENT IN SUSTAINABILITY FOR CHARTER SCHOOL 45,000

SOCIAL FINANCE INC

2 ATLANTIC AVE 5TH FLOOR
BOSTON,MN02110 		N/A PC PROGRAM SUPPORT FOR STUDENT SUPPORT FOR UNDERSERVED UH ENGINEERING STUDENTS IN THEIR JUNIOR AND SENIOR YEARS 250,000

SURFRIDER SPIRIT SESSIONS

PO BOX 16770
KAILUA,HI96734 		N/A PC MENTORING PROGRAM THROUGH SURFING FOR AT-RISK AND ADJUDICATED YOUTH AGED 13-17 25,000

SUSTAINABLE COASTLINES HAWAI'I

3160 WAIALAE AVE STE 1200
HONOLULU,HI96816 		N/A PC CLEANUPS AND COMMUNITY ENGAGEMENT FOR COASTLINES AND BEACHES 72,500

TEACH FOR AMERICA

500 ALA MOANA BLVD SUITE 3-580
HONOLULU,HI96813 		N/A PC CORPS MEMBER AND ALUMNI LEADERSHIP FOR TFA MEMBERS 50,000

THE FOOD BASKET INC

40 HOLOMUA ST
HILO,HI96720 		N/A PC SUPPORT FOR DOUBLE UP FOOD BUCKS PROGRAM 75,000

THE KOHALA CENTER

PO BOX 437462
KAMUELA,HI96743 		N/A PC 2-YEAR MENTORSHIP PROGRAM FOR `AINA PRACTITIONERS 100,000

THE LEGAL CLINIC

1020 S BERETANIA ST
HONOLULU,HI96814 		N/A PC LEGAL ASSISTANCE FOR IMMIGRANTS 15,000

THE MEDIATION CENTER OF THE PACIFIC INC

1301 YOUNG ST
HONOLULU,HI96814 		N/A PC SUPPORT FOR PUBLIC MEDIATION SERVICES 50,000

THE NATURE CONSERVANCY

923 NUUANU AVE
HONOLULU,HI96817 		N/A PC REDUCTION OF CONIFER FUELS ON MAUI 100,000

THE TRUST FOR PUBLIC LANDS

1164 BISHOP ST STE 1512
HONOLULU,HI96813 		N/A PC OPERATING FUNDS FOR LAND PRESERVATION WORK 50,000

VISITOR ALOHA SOCIETY OF HAWAI'I

2250 KALAKAUA AVE STE 403-3
HONOLULU,HI96815 		N/A PC SUPPORT FOR JAPANESE SPEAKING STAFF AND COMMUNICATIONS STAFF 20,000

WAI'ANAE COMMUNITY REDEVELOPMENT CORP

86-148 PUHAWAI RD
WAIANAE,HI96792 		N/A PC PROGRAMMING FOR AT-RISK YOUTH 99,857

WAIKIKI SCHOOL

3710 LEAHI AVE
HONOLULU,HI96815 		N/A PC ENVIRONMENTAL EDUCATION, AWARENESS, ACTION FOR STUDENTS 5,500
Total .................................right arrow 3a 5,190,270
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 1,383,772  
4 Dividends and interest from securities ....     14 2,976,111  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 131,174  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 7,875,447  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 PORTFOLIO INCOME NET ACTIVITY 		900099   14 3,450,518  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 15,817,022 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
15,817,022
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A NOT APPLICABLE
Form 990-PF (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
KOSASA FOUNDATION
 
Employer identification number

99-0313279
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
KOSASA FOUNDATION
  		Employer identification number
99-0313279
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
ESTATE OF MINNIE KOSASA
 
766 POHUKAINA STREET
 
HONOLULU, HI96813

$ 13,760,070


(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
KOSASA FOUNDATION
  		Employer identification number

99-0313279
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
1
 BONDS $ 490,000 2024-02-01
(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
KOSASA FOUNDATION
  		Employer identification number

99-0313279
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:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 66,754 46,728   20,026

TY 2024 AllOthProgRltdInvestmentsSch
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount
NONE 0

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

TY 2024 DepreciationSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
APPLIANCE - 1333 10TH AVE 2015-01-01 639 312 200DB 5.000000000000 0 0    
APPLIANCE - WATER HEATER - 1416-1420 10TH AVE 2015-07-01 1,120 548 200DB 5.000000000000 0 0    
APPLIANCE - 1339-C 10TH AVE-REFRIGERATOR 2016-09-29 503 251 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE-REFRIGERATOR 2016-01-25 696 348 200DB 5.000000000000 0 0    
APPLIANCE - 1424 10TH AVE-REFRIGERATOR 2016-07-12 644 322 200DB 5.000000000000 0 0    
RENOVATIONS - 1416-1420 10TH AVE 2016-05-03 7,592 2,105 SL 27.500000000000 276 276    
RENOVATIONS - 3468 HARDESTY 2016-07-13 9,729 2,640 SL 27.500000000000 354 354    
APPLIANCE - 3477 HARDESTY-OVEN 2016-01-11 522 261 200DB 5.000000000000 0 0    
ROOFING - 1333 10TH AVE 2017-07-17 3,084 723 SL 27.500000000000 112 112    
APPLIANCE - 3471 HARDESTRY 2014-01-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - WATER HEATER -1339 10TH AVE 2017-09-15 1,099 549 200DB 5.000000000000 0 0    
APPLIANCE - 1420 10TH AVE 2014-08-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE 2014-08-01 523 261 200DB 5.000000000000 0 0    
APPLIANCE - 1333 10TH AVE 2014-01-01 523 261 200DB 5.000000000000 0 0    
RENOVATIONS - 3468 HARDESTY 2013-06-01 2,590 991 SL 27.500000000000 94 94    
RENOVATIONS - 1416 10TH AVE 2013-06-01 800 306 SL 27.500000000000 29 29    
ROOFING - HARDESTY 2013-08-01 12,740 4,804 SL 27.500000000000 463 463    
APPLIANCE - 1333 10TH AVE 2013-06-01 555 277 200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2013-08-01 8,100 3,060 SL 27.500000000000 295 295    
ROOFING - 1420 10TH AVE 2013-04-01 15,240 5,933 SL 27.500000000000 554 554    
ROOFING - 1333 10TH AVE 2013-07-01 21,080 8,014 SL 27.500000000000 767 767    
SK - RANGE/OVEN - 1416 10TH AVE 2008-03-01 711 355 200DB 5.000000000000 0 0    
SK - WATER HEATER - 1333 10TH AVE 2008-02-01 753 376 200DB 5.000000000000 0 0    
SK - CONSTRUCTION - 1416 10TH AVE 2008-06-01 7,547 4,259 SL 27.500000000000 274 274    
SK - CONSTRUCTION - 1416 10TH AVE 2008-05-01 7,837 4,453 SL 27.500000000000 285 285    
SK - CONSTRUCTION - 3468 HARDESTY 2008-11-01 3,613 1,982 SL 27.500000000000 131 131    
SK - PRINTER 2007-06-30 314 314 200DB 5.000000000000 0 0    
SK - APPLIANCES - 3471 & 3477 HARDESTY 2007-06-30 672 672 200DB 5.000000000000 0 0    
SK - FLOORING 2007-06-30 1,571 1,571 200DB 5.000000000000 0 0    
SK - APPLIANCES - 10TH AVE 2007-06-30 1,303 1,303 200DB 5.000000000000 0 0    
SK - LAND 2006-11-17 2,818,547   L   0 0    
SK - BUILDING 2006-11-17 916,840 412,441 SL 39.000000000000 23,509 23,509    
SK - APPLIANCES - 10TH AVE 3468 & 3471 HARDESTY 2009-06-30 4,897 2,448 200DB 5.000000000000 0 0    
SEC. 754 LAND - MINNIE KOSASA TRUST 2018-03-23 836,184   L   0 0    
SEC. 754 LAND - ESTATE TRUST 2018-03-23 390,725   L   0 0    
APPLIANCE 2012-06-30 512 255 200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2012-06-30 540 230 SL 27.500000000000 20 20    
FLOORING - HARDESTY 2011-09-01 650   200DB 5.000000000000 0 0    
ROOFING - HARDESTY 2011-02-01 1,100 515 SL 27.500000000000 40 40    
ROOFING - 1420 10TH AVE 2011-02-01 1,316 618 SL 27.500000000000 48 48    
APPLIANCE - WATER HEATER - 1333 10TH AVE 2011-05-01 308   200DB 5.000000000000 0 0    
PAINTING - 1333 10TH AVE 2011-08-01 2,700 1,213 SL 27.500000000000 98 98    
ROOFING - 1333 10TH AVE 2011-02-01 2,000 939 SL 27.500000000000 73 73    
APPLIANCE - WATER HEATER -1416 10TH AVE 2017-09-15 1,173 586 200DB 5.000000000000 0 0    
CONCRETE SLAB - 3468 HARDESTY 2019-01-01 7,016 1,264 SL 27.500000000000 255 255    
PAINTING 2010-06-30 5,676 2,790 SL 27.500000000000 206 206    
APPLIANCE 2010-06-30 1,444 722 200DB 5.000000000000 0 0    
RENOVATIONS 2010-06-30 7,299 3,590 SL 27.500000000000 265 265    
WAIALAE AVE (BUILDING) 2023-01-31 300,000 7,372 SL 39.000000000000 7,692 7,692    
WAIALAE AVE (RENOVATIONS 2023-07-01 345,978 4,066 SL 39.000000000000 8,871 8,871    
WAIALAE AVE (OFFICE FURNITURE) 2023-10-12 100,000 3,571 SL 7.000000000000 14,286 14,286    
1220 CENTER STREET (PARKING LOT) 2023-01-31 1,252,000   L   0 0    
3610 WAIALAE AVE (LAND) 2023-01-31 1,578,000   L   0 0    
3610 WAIALAE AVE (OFFICE FURNITURE) 2024-01-01 95,847   SL 7.000000000000 13,352 13,352    
BATHROOM RENOVATION (1333 10TH AVE) 2024-09-03 14,801   SL 27.500000000000 179 179    
POST & PIER LEVELING (1416 10TH AVE) 2024-10-01 23,302   SL 27.500000000000 212 212    
TRENCH/REPAIR SEWER PIPING (3468 HARDESTY ST) 2024-10-18 18,733   SL 27.500000000000 114 114    

TY 2024 GeneralExplanationAttachment
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Identifier Return Reference Explanation
SECTION 512(B)(13) CONTROLLED ENTITY 990-PF, PART VII-A, LINE 11 INCLUDED SCHEDULE OF CONTROLLED ENTITIES ATTACHMENT AS NOTED IN IRS INSTRUCTIONS FOR FORM 990-PF, PART VII-A, LINE 11.NAME OF CONTROLLED ENTITY:SIDKO OHANA PROPERTIES, LLCADDRESS:766 POHUKAINA STREETHONOLULU, HI 96813EMPLOYER ID NUMBER:27-1328421EXCESS BUSINESS HOLDING:NO

TY 2024 InvestmentsCorpBondsSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Name of Bond End of Year Book Value End of Year Fair Market Value
INVESTMENTS CORPORATE BONDS 5,268,483 5,320,452

TY 2024 InvestmentsGovtObligationsSch
Name:
KOSASA FOUNDATION
EIN:
99-0313279
US Government Securities - End of Year Book Value:

17,012,273
US Government Securities - End of Year Fair Market Value:

16,667,985
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsLandSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
APPLIANCE - 1333 10TH AVE 639 632 7  
APPLIANCE - WATER HEATER - 1416-1420 10TH AVE 1,120 1,108 12  
APPLIANCE - 1339-C 10TH AVE-REFRIGERATOR 503 503 0  
APPLIANCE - 1333 10TH AVE-REFRIGERATOR 696 696 0  
APPLIANCE - 1424 10TH AVE-REFRIGERATOR 644 644 0  
RENOVATIONS - 1416-1420 10TH AVE 7,592 2,381 5,211  
RENOVATIONS - 3468 HARDESTY 9,729 2,994 6,735  
APPLIANCE - 3477 HARDESTY-OVEN 522 522 0  
ROOFING - 1333 10TH AVE 3,084 835 2,249  
APPLIANCE - 3471 HARDESTRY 523 523 0  
APPLIANCE - WATER HEATER -1339 10TH AVE 1,099 1,099 0  
APPLIANCE - 1420 10TH AVE 523 523 0  
APPLIANCE - 1333 10TH AVE 523 523 0  
APPLIANCE - 1333 10TH AVE 523 523 0  
RENOVATIONS - 3468 HARDESTY 2,590 1,085 1,505  
RENOVATIONS - 1416 10TH AVE 800 335 465  
ROOFING - HARDESTY 12,740 5,267 7,473  
APPLIANCE - 1333 10TH AVE 555 555 0  
ROOFING - HARDESTY 8,100 3,355 4,745  
ROOFING - 1420 10TH AVE 15,240 6,487 8,753  
ROOFING - 1333 10TH AVE 21,080 8,781 12,299  
SK - RANGE/OVEN - 1416 10TH AVE 711 711 0  
SK - WATER HEATER - 1333 10TH AVE 753 753 0  
SK - CONSTRUCTION - 1416 10TH AVE 7,547 4,533 3,014  
SK - CONSTRUCTION - 1416 10TH AVE 7,837 4,738 3,099  
SK - CONSTRUCTION - 3468 HARDESTY 3,613 2,113 1,500  
SK - PRINTER 314 314 0  
SK - APPLIANCES - 3471 & 3477 HARDESTY 672 672 0  
SK - FLOORING 1,571 1,571 0  
SK - APPLIANCES - 10TH AVE 1,303 1,303 0  
SK - LAND 2,818,547 0 2,818,547  
SK - BUILDING 916,840 435,950 480,890  
SK - APPLIANCES - 10TH AVE 3468 & 3471 HARDESTY 4,897 4,897 0  
SEC. 754 LAND - MINNIE KOSASA TRUST 836,184 0 836,184  
SEC. 754 LAND - ESTATE TRUST 390,725 0 390,725  
APPLIANCE 512 511 1  
ROOFING - HARDESTY 540 250 290  
FLOORING - HARDESTY 650 650 0  
ROOFING - HARDESTY 1,100 555 545  
ROOFING - 1420 10TH AVE 1,316 666 650  
APPLIANCE - WATER HEATER - 1333 10TH AVE 308 308 0  
PAINTING - 1333 10TH AVE 2,700 1,311 1,389  
ROOFING - 1333 10TH AVE 2,000 1,012 988  
APPLIANCE - WATER HEATER -1416 10TH AVE 1,173 1,173 0  
CONCRETE SLAB - 3468 HARDESTY 7,016 1,519 5,497  
PAINTING 5,676 2,996 2,680  
APPLIANCE 1,444 1,444 0  
RENOVATIONS 7,299 3,855 3,444  
WAIALAE AVE (BUILDING) 300,000 15,064 284,936  
WAIALAE AVE (RENOVATIONS 345,978 12,937 333,041  
WAIALAE AVE (OFFICE FURNITURE) 100,000 17,857 82,143  
1220 CENTER STREET (PARKING LOT) 1,252,000 0 1,252,000  
3610 WAIALAE AVE (LAND) 1,578,000 0 1,578,000  
3610 WAIALAE AVE (OFFICE FURNITURE) 95,847 13,352 82,495  
BATHROOM RENOVATION (1333 10TH AVE) 14,801 179 14,622  
POST & PIER LEVELING (1416 10TH AVE) 23,302 212 23,090  
TRENCH/REPAIR SEWER PIPING (3468 HARDESTY ST) 18,733 114 18,619  

TY 2024 InvestmentsOtherSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARCM FEEDER FUND IV LTD FMV 525,295 622,786
BAYVIEW MSR OPPORTUNITY OFFSHORE LP FMV 798,710 973,884
BHMS FUNDS FMV 15,619,478 17,798,423
CPB INVESTMENT FD AT COST 2,553 0
DEERFIELD HEALTHCARE FMV 6,739 11,366
DEERFIELD PARTNERS FMV 524,084 511,764
ELLINGTON STRATEGIC FMV 3,265,180 3,221,928
GOLDENTREE FMV 2,645,509 3,053,097
HILDENE INSURANCE HOLD FMV 680,000 769,622
HILDENE OPPORTUNITIES OFFSHORE FUND FMV 543,135 792,374
KKR ENHANCED FMV 567,296 621,317
KKR GLOBAL CRED OPP FMV 2,300,000 2,593,515
LEGACY VENTURE INVESTMENTS (VII, IX, X & XI) FMV 2,731,028 4,858,817
LENDING VIII LLC FMV 393,361 369,260
MGG EVERGREEN FMV 280,504 287,541
SIG DEVELOPED MK EX US FMV 17,959,916 19,992,337
SIG EMERGING MKTS FMV 10,222,509 9,570,202
SIG GLOBAL EQUITY FMV 8,853,431 10,460,521
SIG SPC ALPHA SEGREGATED FMV 23,884,822 29,329,317
SIG US EQUITY TRUST FMV 33,978,667 41,926,578
STRATEGIC BUYOUT FD LP FMV 1,905,804 2,319,018

TY 2024 LegalFeesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 57 0   57


TY 2024 OtherAssetsSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 1,000 1,000 1,000


TY 2024 OtherExpensesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSES 122,647 0   122,647
CLEANING & MAINTENANCE 15,589 15,589   0
PEST CONTROL 2,158 2,158   0
MANAGEMENT FEES 29,566 29,566   0
REPAIRS 34,396 34,396   0
UTILITIES 5,607 5,607   0


TY 2024 OtherIncomeSchedule2
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 PORTFOLIO INCOME NET ACTIVITY 3,450,518 3,450,518 3,450,518


TY 2024 OtherProfessionalFeesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 669,361 669,361   0
K-1: PORTFOLIO DEDUCTIONS 495,644 0   495,644
CONSULTING FEES 251,730 0   251,730


TY 2024 TaxesSchedule
Name:
KOSASA FOUNDATION
EIN:
99-0313279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 133,216 133,216   0
PAYROLL TAX 22,974 0   22,974
RENTAL GENERAL EXCISE TAX 15,464 15,464   0
REAL PROPERTY TAX 44,107 44,107   0