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
Dolores F Martin Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1088 Bishop Street 1227
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Honolulu, HI96813
A Employer identification number

99-0348924
B Telephone number (see instructions)

(808) 291-2250
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,443,046J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,532 2,532  
4 Dividends and interest from securities... 107,828 107,666  
5a Gross rents............ 56,382 56,382  
b Net rental income or (loss) 49,154
6a Net gain or (loss) from sale of assets not on line 10 130,544
b Gross sales price for all assets on line 6a 1,418,206
7 Capital gain net income (from Part IV, line 2)... 130,544
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
110 110  
12 Total. Add lines 1 through 11........ 297,396 297,234  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,988 0   1,124
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,521 0   940
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,466 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
76,000 33,529   5,315
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 100,975 33,529   7,379
25 Contributions, gifts, grants paid....... 174,750 174,750
26 Total expenses and disbursements. Add lines 24 and 25 275,725 33,529   182,129
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,671
b Net investment income (if negative, enter -0-) 263,705
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............. 34,786 20,438 20,438
2 Savings and temporary cash investments......... 181,625 203,655 203,655
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)      
b Investments—corporate stock (attach schedule)....... 16,199 Click to see attachment
List of Attached Documents:
// Content
16,199 		36,262
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow101,700
Less: accumulated depreciation (attach schedule) right arrow   101,700 Click to see attachment
List of Attached Documents:
// Content
101,700 		683,200
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,739,381 Click to see attachment
List of Attached Documents:
// Content
2,756,836 		3,183,369
14 Land, buildings, and equipment: basis right arrow151,042
Less: accumulated depreciation (attach schedule) right arrow83,028 71,480 Click to see attachment
List of Attached Documents:
// Content
68,014 		240,000
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
76,122 		Click to see attachment
List of Attached Documents:
// Content
76,122 		Click to see attachment
List of Attached Documents:
// Content
76,122
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,221,293 3,242,964 4,443,046
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,221,293 3,242,964
29 Total net assets or fund balances (see instructions)..... 3,221,293 3,242,964
30 Total liabilities and net assets/fund balances (see instructions). 3,221,293 3,242,964
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
3,221,293
2
Enter amount from Part I, line 27a .....................
2
21,671
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,242,964
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
3,242,964
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 WISDOMTREE FLOATING RATE - 601 SHS   2022-10-20 2024-07-29
b VANGUARD TOTAL STK MKT - 128 SHS   2018-10-02 2024-03-07
c VANGUARD TOTAL STK MKT - 36 SHS   2018-10-02 2024-04-08
d VANGUARD TOTAL STK MKT - 62 SHS   2018-10-02 2024-07-29
e VANGUARD DIVIDEND - 16 SHS   2018-12-24 2024-03-07
VANGUARD DIVIDEND - 3 SHS   2019-02-13 2024-03-07
VANGUARD DIVIDEND - 11 SHS   2020-03-12 2024-03-07
VANGUARD DIVIDEND - 9 SHS   2020-03-12 2024-04-08
VANGUARD DIVIDEND - 15 SHS   2020-03-12 2024-07-29
INVESCO FTSE RAFI - 49 SHS   2022-10-07 2024-03-07
INVESCO FTSE RAFI - 59 SHS   2022-10-07 2024-04-08
INVESCO FTSE RAFI - 22 SHS   2022-10-07 2024-03-07
INVESCO FTSE RAFI - 17 SHS   2022-10-07 2024-04-08
INVESCO FTSE RAFI - 19 SHS   2022-10-07 2024-07-29
VANGUARD INTERNATIONAL - 68 SHS   2020-03-12 2024-03-07
VANGUARD INTERNATIONAL - 19 SHS   2020-03-12 2024-07-29
PACER US CASH COWS100 - 32 SHS   2022-04-29 2024-03-07
PACER US CASH COWS100 - 250 SHS   2022-04-29 2024-04-08
PACER US CASH COWS100 - 213 SHS   2022-10-07 2024-04-08
ISHARES TR CORE MSCI - 140 SHS   2022-10-07 2024-03-07
ISHARES TR CORE MSCI - 91 SHS   2022-10-07 2024-04-08
ISHARES TR CORE MSCI - 17 SHS   2022-10-07 2024-07-29
WISDOMTREE U.S. QUALITY - 97 SHS   2020-03-12 2024-03-07
WISDOMTREE U.S. QUALITY - 22 SHS   2020-03-12 2024-04-08
WISDOMTREE U.S. QUALITY - 39 SHS   2020-03-12 2024-07-29
ISH TR CORE DIVID GROWTH - 11 SHS   2019-02-13 2024-03-07
ISH TR CORE DIVID GROWTH - 104 SHS   2020-03-12 2024-03-07
ISH TR CORE DIVID GROWTH - 38 SHS   2020-03-12 2024-04-08
ISH TR CORE DIVID GROWTH - 42 SHS   2020-03-12 2024-07-29
FULLERTHALER BEHAVIORAL - 298.52 SHS   2020-10-27 2024-03-07
FULLERTHALER BEHAVIORAL - 62.453 SHS   2020-10-27 2024-04-08
FULLERTHALER BEHAVIORAL - 57.691 SHS   2020-10-27 2024-07-29
BARON REAL ESTATE FUND - 109.31 SHS   2020-06-01 2024-03-07
BARON REAL ESTATE FUND - 30.986 SHS   2020-06-01 2024-04-08
EATON VANCE RCHRD BRSTN - 38.74 SHS   2018-12-24 2024-03-07
EATON VANCE RCHRD BRSTN - 0.761 SHS   2019-02-13 2024-03-07
EATON VANCE RCHRD BRSTN - 352.737 SHS   2019-02-13 2024-03-07
EATON VANCE RCHRD BRSTN - 316.596 SHS   2019-02-13 2024-04-08
HOTCHKIS & WILEY VALUE - 308.663 SHS   2019-02-13 2024-03-07
HOTCHKIS & WILEY VALUE - 236.337 SHS   2019-02-13 2024-04-08
HOTCHKIS & WILEY VALUE - 225.274 SHS   2019-02-13 2024-07-29
PUTNAM ULTRA SHORT - 6.98 SHS   2018-12-12 2024-07-29
PUTNAM ULTRA SHORT - 2699.427 SHS   2018-12-12 2024-07-29
PUTNAM ULTRA SHORT - 8.737 SHS   2018-12-12 2024-07-29
PUTNAM ULTRA SHORT - 6.349 SHS   2018-12-13 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2018-12-31 2024-07-29
PUTNAM ULTRA SHORT - 43 SHS   2018-12-31 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2019-01-02 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2019-01-02 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2019-01-02 2024-07-29
PUTNAM ULTRA SHORT - 8.275 SHS   2019-01-05 2024-07-29
PUTNAM ULTRA SHORT - 5.39 SHS   2019-01-11 2024-07-29
PUTNAM ULTRA SHORT - 11 SHS   2019-03-29 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2019-04-30 2024-07-29
PUTNAM ULTRA SHORT - 10 SHS   2019-04-30 2024-07-29
PUTNAM ULTRA SHORT - 11 SHS   2019-05-31 2024-07-29
PUTNAM ULTRA SHORT - 1 SHS   2019-06-28 2024-07-29
PUTNAM ULTRA SHORT - 9 SHS   2019-06-28 2024-07-29
PUTNAM ULTRA SHORT - 0.309 SHS   2019-07-31 2024-07-29
PUTNAM ULTRA SHORT - 10 SHS   2019-07-31 2024-07-29
PUTNAM ULTRA SHORT - 10.473 SHS   2019-08-30 2024-07-29
PUTNAM ULTRA SHORT - 8.304 SHS   2019-09-30 2024-07-29
PUTNAM ULTRA SHORT - 8.769 SHS   2019-10-31 2024-07-29
PUTNAM ULTRA SHORT - 8.344 SHS   2019-11-29 2024-07-29
PUTNAM ULTRA SHORT - 7.637 SHS   2019-12-31 2024-07-29
PUTNAM ULTRA SHORT - 8.198 SHS   2020-01-31 2024-07-29
PUTNAM ULTRA SHORT - 6.73 SHS   2020-02-28 2024-07-29
PUTNAM ULTRA SHORT - 2.749 SHS   2020-06-30 2024-07-29
PUTNAM ULTRA SHORT - 2.148 SHS   2020-07-31 2024-07-29
PUTNAM ULTRA SHORT - 1.569 SHS   2020-08-31 2024-07-29
PUTNAM ULTRA SHORT - 1.619 SHS   2020-09-30 2024-07-29
PUTNAM ULTRA SHORT - 1.514 SHS   2020-10-30 2024-07-29
PUTNAM ULTRA SHORT - 1.357 SHS   2020-11-30 2024-07-29
PUTNAM ULTRA SHORT - 1.54 SHS   2020-12-31 2024-07-29
PUTNAM ULTRA SHORT - 1.414 SHS   2021-01-29 2024-07-29
PUTNAM ULTRA SHORT - 1.326 SHS   2021-02-26 2024-07-29
PUTNAM ULTRA SHORT - 428.91 SHS   2021-03-16 2024-07-29
PUTNAM ULTRA SHORT - 1.415 SHS   2021-03-31 2024-07-29
PUTNAM ULTRA SHORT - 1.459 SHS   2021-04-30 2024-07-29
PUTNAM ULTRA SHORT - 1.287 SHS   2021-05-28 2024-07-29
PUTNAM ULTRA SHORT - 1.213 SHS   2021-06-30 2024-07-29
PUTNAM ULTRA SHORT - 1.249 SHS   2021-07-30 2024-07-29
PUTNAM ULTRA SHORT - 0.936 SHS   2021-08-31 2024-07-29
PUTNAM ULTRA SHORT - 1.15 SHS   2021-09-30 2024-07-29
PUTNAM ULTRA SHORT - 1.024 SHS   2021-10-29 2024-07-29
PUTNAM ULTRA SHORT - 0.959 SHS   2021-11-30 2024-07-29
PUTNAM ULTRA SHORT - 0.989 SHS   2021-12-31 2024-07-29
PUTNAM ULTRA SHORT - 1.197 SHS   2022-01-31 2024-07-29
PUTNAM ULTRA SHORT - 1.128 SHS   2022-02-28 2024-07-29
PUTNAM ULTRA SHORT - 1.608 SHS   2022-03-31 2024-07-29
PUTNAM ULTRA SHORT - 2.153 SHS   2022-04-29 2024-07-29
PUTNAM ULTRA SHORT - 2.852 SHS   2022-05-31 2024-07-29
PUTNAM ULTRA SHORT - 3.827 SHS   2022-06-30 2024-07-29
PUTNAM ULTRA SHORT - 5.463 SHS   2022-07-29 2024-07-29
PUTNAM ULTRA SHORT - 6.875 SHS   2022-08-31 2024-07-29
PUTNAM ULTRA SHORT - 10.132 SHS   2022-11-30 2024-07-29
PUTNAM ULTRA SHORT - 11.458 SHS   2022-12-30 2024-07-29
PUTNAM ULTRA SHORT - 12.308 SHS   2023-01-31 2024-07-29
PUTNAM ULTRA SHORT - 11.691 SHS   2023-02-28 2024-07-29
PUTNAM ULTRA SHORT - 14.228 SHS   2023-03-31 2024-07-29
PUTNAM ULTRA SHORT - 12.369 SHS   2023-04-28 2024-07-29
PUTNAM ULTRA SHORT - 1585.731 SHS   2023-05-17 2024-07-29
PUTNAM ULTRA SHORT - 17.219 SHS   2023-05-31 2024-07-29
PUTNAM ULTRA SHORT - 21.771 SHS   2023-06-30 2024-07-29
DWS RREEF REAL ASSETS - 153.925 SHS   2022-10-07 2024-03-07
DWS RREEF REAL ASSETS - 142.302 SHS   2022-10-07 2024-04-08
AMERICAN EURO PACIFIC - 75.146 SHS   2019-02-13 2024-03-07
AMERICAN EURO PACIFIC - 28.336 SHS   2019-02-13 2024-04-08
AMERICAN EURO PACIFIC - 0.371 SHS   2019-06-13 2024-04-08
AMERICAN EURO PACIFIC - 4 SHS   2019-06-13 2024-04-08
AMERICAN EURO PACIFIC - 5.759 SHS   2019-12-20 2024-04-08
AMER FUNDS AMCAP - 254.138 SHS   2019-02-13 2024-03-07
AMER FUNDS AMCAP - 89.75 SHS   2019-02-13 2024-04-08
AMERICAN WASHINGTON - 125.016 SHS   2019-02-13 2024-03-07
AMERICAN WASHINGTON - 54.667 SHS   2019-02-13 2024-04-08
AMERICAN WASHINGTON - 47.014 SHS   2019-02-13 2024-07-29
INVESCO FLOATING RATE - 4892.357 SHS   2022-04-29 2024-07-29
INVESCO FLOATING RATE - 2163.296 SHS   2023-05-17 2024-07-29
KOPERNIK GLOBAL ALL CAP - 367.066 SHS   2019-02-13 2024-04-08
KOPERNIK GLOBAL ALL CAP - 690.243 SHS   2019-02-13 2024-07-29
KOPERNIK GLOBAL ALL CAP - 96.981 SHS   2019-12-31 2024-07-29
KOPERNIK GLOBAL ALL CAP - 51.875 SHS   2020-12-23 2024-07-29
KOPERNIK GLOBAL ALL CAP - 78.528 SHS   2020-12-31 2024-07-29
KOPERNIK GLOBAL ALL CAP - 1513.161 SHS   2021-03-16 2024-07-29
ARTISAN HIGH INCOME - 75.684 SHS   2020-06-01 2024-03-07
ARTISAN HIGH INCOME - 214.638 SHS   2020-06-01 2024-03-07
SHENKMAN CPTL SHORT - 4863.246 SHS   2021-06-01 2024-07-29
SHENKMAN CPTL SHORT - 3195.564 SHS   2021-06-01 2024-08-30
SHENKMAN CPTL SHORT - 293.293 SHS   2021-06-14 2024-08-30
SHENKMAN CPTL SHORT - 62.639 SHS   2022-10-20 2024-08-30
SHENKMAN CPTL SHORT - 1250.426 SHS   2023-05-17 2024-08-30
PIMCO MORTGAGE - 126.562 SHS   2022-10-20 2024-03-07
PIMCO MORTGAGE - 83.888 SHS   2022-10-20 2024-03-07
PIMCO MORTGAGE - 11665.833 SHS   2022-10-20 2024-07-29
PIMCO MORTGAGE - 126.562 SHS   2022-10-20 2024-08-30
PIMCO MORTGAGE - 78.803 SHS   2022-10-20 2024-08-30
PIMCO MORTGAGE - 186.048 SHS   2022-10-20 2024-08-30
PIMCO MORTGAGE - 143.15 SHS   2022-10-22 2024-08-30
PIMCO MORTGAGE - 20.096 SHS   2022-10-31 2024-08-30
PIMCO MORTGAGE - 83.888 SHS   2022-11-10 2024-08-30
PIMCO MORTGAGE - 53.538 SHS   2022-11-30 2024-08-30
PIMCO MORTGAGE - 275.54 SHS   2022-12-27 2024-08-30
PIMCO MORTGAGE - 75.256 SHS   2022-12-30 2024-08-30
PIMCO MORTGAGE - 65.504 SHS   2023-01-31 2024-08-30
PIMCO MORTGAGE - 64.981 SHS   2023-02-28 2024-08-30
PIMCO MORTGAGE - 76.482 SHS   2023-03-31 2024-08-30
PIMCO MORTGAGE - 59.226 SHS   2023-04-28 2024-08-30
PIMCO MORTGAGE - 5347.554 SHS   2023-05-17 2024-08-30
CAPITAL GROUP GROWTH ETF - 191 SHS   2023-11-24 2024-03-07
WISDOMTREE FLOATING RATE - 22 SHS   2023-11-24 2024-07-29
WISDOMTREE FLOATING RATE - 22 SHS   2024-04-08 2024-07-29
ISHARES CORE U.S. - 1451 SHS   2023-11-24 2024-02-28
FIRST TR TCW OPP FIXED - 12 SHS   2023-11-24 2024-03-07
FIRST TR TCW OPP FIXED - 3243 SHS   2023-11-24 2024-04-08
DELAWARE DIVERSIFIED - 814.391 SHS   2024-02-28 2024-03-07
DELAWARE DIVERSIFIED - 18704.974 SHS   2024-02-28 2024-08-30
DELAWARE DIVERSIFIED - 1186.405 SHS   2024-04-08 2024-08-30
DELAWARE DIVERSIFIED - 8847.684 SHS   2024-07-29 2024-08-30
PUTNAM ULTRA SHORT - 19.772 SHS   2023-07-31 2024-07-29
PUTNAM ULTRA SHORT - 21.867 SHS   2023-08-31 2024-07-29
PUTNAM ULTRA SHORT - 22.625 SHS   2023-09-29 2024-07-29
PUTNAM ULTRA SHORT - 22.038 SHS   2023-10-31 2024-07-29
PUTNAM ULTRA SHORT - 27.598 SHS   2023-11-24 2024-07-29
PUTNAM ULTRA SHORT - 22.48 SHS   2023-11-30 2024-07-29
PUTNAM ULTRA SHORT - 23.273 SHS   2023-12-29 2024-07-29
PUTNAM ULTRA SHORT - 23.335 SHS   2024-01-31 2024-07-29
PUTNAM ULTRA SHORT - 22.131 SHS   2024-02-29 2024-07-29
PUTNAM ULTRA SHORT - 23.621 SHS   2024-03-28 2024-07-29
PUTNAM ULTRA SHORT - 57.972 SHS   2024-04-08 2024-07-29
PUTNAM ULTRA SHORT - 23.442 SHS   2024-04-30 2024-07-29
PUTNAM ULTRA SHORT - 25.778 SHS   2024-05-31 2024-07-29
PUTNAM ULTRA SHORT - 22.248 SHS   2024-06-28 2024-07-29
PUTNAM ULTRA SHORT - 22.86 SHS   2024-07-31 2024-12-06
PUTNAM ULTRA SHORT - 0.109 SHS   2024-08-30 2024-12-06
PUTNAM ULTRA SHORT - 0.094 SHS   2024-09-30 2024-12-06
PUTNAM ULTRA SHORT - 0.099 SHS   2024-10-31 2024-12-06
PUTNAM ULTRA SHORT - 0.099 SHS   2024-11-29 2024-12-06
AMERICAN BOND FD OF - 34.299 SHS   2023-05-23 2024-03-07
AMERICAN BOND FD OF - 0.121 SHS   2023-12-29 2024-03-07
AMERICAN BOND FD OF - 0.125 SHS   2024-01-31 2024-03-07
AMERICAN BOND FD OF - 0.121 SHS   2024-02-29 2024-03-07
AMERICAN BOND FD OF - 0.03 SHS   2024-03-28 2024-07-29
AMERICAN BOND FD OF - 13395.976 SHS   2024-04-08 2024-07-29
AMERICAN BOND FD OF - 38.469 SHS   2024-04-30 2024-07-29
AMERICAN BOND FD OF - 52.133 SHS   2024-05-31 2024-07-29
AMERICAN BOND FD OF - 50.655 SHS   2024-06-28 2024-07-29
AMERICAN BOND FD OF - 48.496 SHS   2024-07-31 2024-12-06
AMERICAN BOND FD OF - 0.183 SHS   2024-08-30 2024-12-06
AMERICAN BOND FD OF - 0.178 SHS   2024-09-30 2024-12-06
AMERICAN BOND FD OF - 0.189 SHS   2024-10-31 2024-12-06
AMERICAN BOND FD OF - 0.176 SHS   2024-11-29 2024-12-06
INVESCO FLOATING RATE - 550.58 SHS   2024-04-08 2024-07-29
SHENKMAN CPTL SHORT - 209.825 SHS   2023-11-24 2024-08-30
SHENKMAN CPTL SHORT - 676.588 SHS   2024-04-08 2024-08-30
Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,217   30,278 -61
b 32,777   19,161 13,616
c 9,276   5,389 3,887
d 16,739   9,281 7,458
e 2,876   1,482 1,394
539   321 218
1,977   1,115 862
1,616   913 703
2,829   1,521 1,308
2,410   1,748 662
2,941   2,105 836
431   366 65
335   283 52
379   316 63
5,620   3,813 1,807
1,585   1,065 520
1,767   1,542 225
14,459   12,050 2,409
12,319   9,171 3,148
9,460   7,229 2,231
6,184   4,699 1,485
1,157   878 279
7,278   3,689 3,589
1,648   837 811
3,082   1,483 1,599
626   396 230
5,919   3,364 2,555
2,173   1,229 944
2,518   1,358 1,160
13,469   7,514 5,955
2,835   1,572 1,263
2,739   1,452 1,287
4,124   2,990 1,134
1,174   847 327
667   523 144
13   11 2
6,071   5,485 586
5,525   4,923 602
11,492   8,352 3,140
9,111   6,395 2,716
8,957   6,096 2,861
71   69 2
27,318   27,075 243
88   88 0
64   64 0
10   10 0
435   431 4
10   10 0
10   10 0
10   10 0
84   83 1
55   54 1
111   111 0
10   10 0
101   101 0
111   111 0
10   10 0
91   91 0
3   3 0
101   101 0
106   105 1
84   84 0
89   88 1
84   84 0
77   77 0
83   83 0
68   68 0
28   28 0
22   22 0
16   16 0
16   16 0
15   15 0
14   14 0
16   16 0
14   14 0
13   13 0
4,341   4,332 9
14   14 0
15   15 0
13   13 0
12   12 0
13   13 0
9   9 0
12   12 0
10   10 0
10   10 0
10   10 0
12   12 0
11   11 0
16   16 0
22   22 0
29   29 0
39   38 1
55   55 0
70   69 1
103   101 2
116   115 1
125   124 1
118   117 1
144   142 2
125   124 1
16,048   15,905 143
174   173 1
220   218 2
1,739   1,644 95
1,634   1,520 114
4,383   3,658 725
1,662   1,379 283
22   18 4
235   205 30
338   317 21
10,760   7,853 2,907
3,823   2,773 1,050
7,656   5,542 2,114
3,353   2,423 930
2,881   2,084 797
32,974   34,980 -2,006
14,581   14,397 184
4,412   3,667 745
8,304   6,896 1,408
1,167   966 201
624   681 -57
945   1,028 -83
18,203   21,986 -3,783
682   680 2
1,934   1,940 -6
47,854   48,924 -1,070
31,444   32,147 -703
2,886   2,951 -65
616   586 30
12,304   11,979 325
1,188   1,160 28
788   796 -8
109,309   110,686 -1,377
1,196   1,193 3
745   748 -3
1,758   1,765 -7
1,353   1,364 -11
190   191 -1
793   794 -1
506   514 -8
2,604   2,590 14
711   707 4
619   624 -5
614   613 1
723   720 3
560   558 2
50,534   50,374 160
6,052   5,061 991
1,106   1,106 0
1,106   1,108 -2
140,949   138,055 2,894
528   509 19
139,253   137,455 1,798
6,214   6,141 73
145,151   141,036 4,115
9,207   8,898 309
68,658   67,419 1,239
200   199 1
221   220 1
229   227 2
223   221 2
279   278 1
228   226 2
236   235 1
236   236 0
224   224 0
239   239 0
587   586 1
237   237 0
261   260 1
225   225 0
232   231 1
1   1 0
1   1 0
1   1 0
1   1 0
389   399 -10
1   1 0
1   1 0
1   1 0
      0
151,642   149,365 2,277
435   422 13
590   578 12
573   566 7
552   552 0
2   2 0
2   2 0
2   2 0
2   2 0
3,711   3,733 -22
2,065   2,027 38
6,658   6,604 54
39,250     39,250
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       -61
b       13,616
c       3,887
d       7,458
e       1,394
      218
      862
      703
      1,308
      662
      836
      65
      52
      63
      1,807
      520
      225
      2,409
      3,148
      2,231
      1,485
      279
      3,589
      811
      1,599
      230
      2,555
      944
      1,160
      5,955
      1,263
      1,287
      1,134
      327
      144
      2
      586
      602
      3,140
      2,716
      2,861
      2
      243
      0
      0
      0
      4
      0
      0
      0
      1
      1
      0
      0
      0
      0
      0
      0
      0
      0
      1
      0
      1
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      9
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      1
      0
      1
      2
      1
      1
      1
      2
      1
      143
      1
      2
      95
      114
      725
      283
      4
      30
      21
      2,907
      1,050
      2,114
      930
      797
      -2,006
      184
      745
      1,408
      201
      -57
      -83
      -3,783
      2
      -6
      -1,070
      -703
      -65
      30
      325
      28
      -8
      -1,377
      3
      -3
      -7
      -11
      -1
      -1
      -8
      14
      4
      -5
      1
      3
      2
      160
      991
      0
      -2
      2,894
      19
      1,798
      73
      4,115
      309
      1,239
      1
      1
      2
      2
      1
      2
      1
      0
      0
      0
      1
      0
      1
      0
      1
      0
      0
      0
      0
      -10
      0
      0
      0
      0
      2,277
      13
      12
      7
      0
      0
      0
      0
      0
      -22
      38
      54
      39,250
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 2 130,544
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 3,665
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 3,665
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 3,665
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,212
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,212
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 37
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 3,510
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,510 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
 
No
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
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWatters O Martin Jr Telephone no.right arrow (808) 291-2250

Located atright arrow1088 Bishop Street 1227HonoluluHI ZIP+4right arrow96813
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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
Watters O Martin Jr President/Treasurer/Director
5.00 		0 0 0
71D Country Club Road
Honolulu,HI96817
Martha Ann Mahealani Riley VP/Secretary/Director
3.00 		0 0 0
7127 E Rancho Vista Dr 6007
Scottsdale,AZ85251
Skye Thomas Director
1.00 		0 0 0
7127 E Rancho Vista Dr 6007
Scottsdale,AZ85251
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
3,192,143
b
Average of monthly cash balances.......................
1b
272,413
c
Fair market value of all other assets (see instructions)................
1c
1,002,124
d
Total (add lines 1a, b, and c).........................
1d
4,466,680
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
4,466,680
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
67,000
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,399,680
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
219,984
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
219,984
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,665
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,665
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
216,319
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
216,319
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
216,319
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
182,129
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
182,129
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 7 216,319
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
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...... 27,191
e From 2023......  
f Total of lines 3a through e ........ 27,191
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 182,129
a Applied to 2023, but not more than line 2a 0
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..... 182,129
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 27,191 27,191
(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 .......... 		6,999
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:
Watters O Martin Jr
1088 Bishop Street 1227
Honolulu,HI96813
(808) 291-2250
bThe form in which applications should be submitted and information and materials they should include:
None specified
cAny submission deadlines:
No
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
No
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

Waiola Church

PO Box 455
Lahaina,HI96767 		None PC Unrestricted Gift 2,000

Pu'uhonua Society

PO Box 3080
Honolulu,HI96802 		None PC Unrestricted Gift 2,500

Washington Place Foundation

PO Box 873
Honolulu,HI96808 		None PC Unrestricted Gift 6,000

Iolani Palace

PO Box 2259
Honolulu,HI96804 		None PC Unrestricted Gift 10,000

Kuilei Cliffs

2121 Ala Wai Blvd Unit 3003
Honolulu,HI96815 		None PC Unrestricted Gift 10,000

Shriners Hospitals for Children Honolulu

1310 Punahou St
Honolulu,HI96826 		None PC Unrestricted Gift 10,000

Portuguese Genealogical Society

1616 Liliha St Ste 308
Honolulu,HI96817 		None PC Unrestricted Gift 22,500

Punahou School

1601 Punahou St
Honolulu,HI96822 		None PC Unrestricted Gift 87,000

50th State FOOLS

590 Farrington Hwy Unit 524-405
Kapolei,HI96707 		None PC Unrestricted Gift 5,000

Hawaii Academy of Recording Arts

521 Ala Moana Blvd Ste 429
Honolulu,HI96813 		None PC Unrestricted Gift 2,250

Hawaiian Civic Club of Honolulu

PO Box 1513
Honolulu,HI96806 		None PC Unrestricted Gift 5,000

Lokahi Pacific

1935 Main Street Ste 204
Wailuku,HI96793 		None PC Unrestricted Gift 2,500

Hawaii State Archives

364 S King St
Honolulu,HI96813 		None GOV For funding for Hawaii State Archives 10,000
Total .................................right arrow 3a 174,750
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 2,532  
4 Dividends and interest from securities ....     14 107,828  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 49,154  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 110  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 130,544  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 290,168 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
290,168
(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

TY 2024 AccountingFeesSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 8,988 0   1,124

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

TY 2024 DepreciationSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
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
Land   101,700   L   0 0    
BUILDING - EXECUTIVE CENTRE 1227 2005-03-31 129,518 60,711 SL 40.000000000000 3,238 0    
FURNITURES - EXECUTIVE CENTRE 1227 2005-03-31 2,800 2,800 SL 10.000000000000 0 0    
FURNITURE - EXEC CTR #1227 DRAPERY 2008-03-18 2,469 1,421 SL 27.500000000000 90 0    
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 2008-05-31 2,000 1,140 SL 27.500000000000 73 0    
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 2008-04-18 1,786 1,021 SL 27.500000000000 65 0    
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 2013-08-14 3,600 3,600 SL 10.000000000000 0 0    
FURNITURE - EXECUTIVE CENTRE 1227 2013-09-23 5,607 5,607 SL 10.000000000000 0 0    
FURNITURE - EXEC CTR #1227 DRAPERY 2013-09-25 1,230 1,230 SL 10.000000000000 0 0    
FURNITURES 2013-10-10 1,193 1,193 SL 10.000000000000 0 0    
FURNITURES 2013-10-15 839 839 SL 10.000000000000 0 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY INC - 80.000 SHS 16,199 36,262

TY 2024 InvestmentsLandSchedule2
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 101,700 0 101,700  

TY 2024 InvestmentsOtherSchedule2
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALPS SMITH TOTAL RETURN BOND FUND CL I - 29750.696 SHS AT COST 307,648 283,227
AMER FUNDS AMCAP FUND CL F - 2295.248 SHS AT COST 78,672 99,476
AMERICAN EURO PACIFIC GROWTH FUND CL F - 1080.045 SHS AT COST 65,050 57,847
AMERICAN WASHINGTON MUTUAL INV FD CL F - 1575.715 SHS AT COST 77,572 96,875
ANGEL OAK MULTI STRATEGY INCOME FUND CL INSTL - 13367.004 SHS AT COST 111,786 114,823
ARTISAN HIGH INCOME FUND ADV CL - 13518.960 SHS AT COST 123,921 123,023
BARON REAL ESTATE FUND CLASS INSTL - 1616.174 SHS AT COST 59,098 64,728
CAPITAL GROUP GROWTH ETF - 2366.000 SHS AT COST 69,208 87,944
CREDIT SUISSE STRATEGIC INCOME FUND CL I - 6027.526 SHS AT COST 57,388 57,442
DWS RREEF REAL ASSETS FUND CL INSTL - 11137.189 SHS AT COST 120,354 128,635
EATON VANCE RCHRD BRSTN EQUITY STRATGY FD CL I - 7610.756 SHS AT COST 125,595 137,831
FULLER & THALER BEHVRL SMALL-CAP EQ FD CL INSTL - 2019.672 SHS AT COST 74,070 90,845
HOTCHKIS & WILEY VALUE OPPORTUNITIES FD CL I - 3863.345 SHS AT COST 118,115 144,373
INVESCO FTSE RAFI DEVELOPED MARKETS EX-US ETF - 978.000 SHS AT COST 36,472 46,836
INVESCO FTSE RAFI EMERGING MARKET ETF - 813.000 SHS AT COST 13,708 16,650
INVESCO CORE PLUS BOND FUND CL Y - 30751.999 SHS AT COST 288,740 280,766
ISH TR CORE DIVID GROWTH ETF - 1461.000 SHS AT COST 50,438 89,618
ISHARES TR CORE MSCI TOTAL INTL STK ETF - 3109.000 SHS AT COST 162,773 205,629
JP MORGAN CORE PLUS BOND CL I - 40417.541 SHS AT COST 292,442 287,369
KOPERNIK GLOBAL ALL CAP FUND INSTL CLASS - 5406.885 SHS AT COST 69,129 59,314
LORD ABBETT INCOME FUND CL I - 23274.431 SHS AT COST 57,035 56,091
PIMCO MORTGAGE OPPS AND BOND FD CL I2 - 5025.429 SHS AT COST 46,894 46,334
VANGUARD TOTAL STK MKT ETF - 1175.000 SHS AT COST 187,724 340,527
VANGUARD DIVIDEND APPRECIATION ETF - 464.000 SHS AT COST 50,320 90,865
VANGUARD INTERNATIONAL DIVIDEND APPRECIATION INDEX FUND - 1048.000 SHS AT COST 65,285 83,830
WISDOMTREE U.S. QUALITY DIVIDEND GROWTH FUND - 1108.000 SHS AT COST 44,597 89,669
Honokowai Investment AT COST 2,802 2,802

TY 2024 LandEtcSchedule2
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - EXECUTIVE CENTRE 1227 129,518 63,949 65,569  
FURNITURES - EXECUTIVE CENTRE 1227 2,800 2,800 0  
FURNITURE - EXEC CTR #1227 DRAPERY 2,469 1,511 958  
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 2,000 1,213 787  
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 1,786 1,086 700  
FURNITURE - EXEC CTR #1227 ELECTRICAL WORK 3,600 3,600 0  
FURNITURE - EXECUTIVE CENTRE 1227 5,607 5,607 0  
FURNITURE - EXEC CTR #1227 DRAPERY 1,230 1,230 0  
FURNITURES 1,193 1,193 0  
FURNITURES 839 839 0  


TY 2024 OtherAssetsSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Art & Miscellaneous Property 76,122 76,122 76,122


TY 2024 OtherExpensesSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Tax 1,321 1,321   0
Investment Fees 24,980 24,980   0
Maintenance Fees 36,280 0   4,535
Bank Service Fees 1,598 0   200
Telephone 3,320 0   415
Electricity 1,266 0   158
License 7 0   7
Insurance 1,862 1,862   0
Other Rental Expenses 2,940 2,940   0
Hawaii GET 2,426 2,426   0


TY 2024 OtherIncomeSchedule2
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Litigation & Settlement 110 110 110


TY 2024 TaxesSchedule
Name:
Dolores F Martin Foundation
EIN:
99-0348924
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Real Estate Tax 7,521 0   940
Federal Tax 5,000 0   0