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
FIRST HAWAIIAN BANK FOUNDATION
 
% FIRST HAWAIIAN BANK
Number and street (or P.O. box number if mail is not delivered to street address)999 BISHOP STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HONOLULU, HI96813
A Employer identification number

23-7437822
B Telephone number (see instructions)

(808) 525-7777
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$5,848,169J 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) 3,002,004
2 Check right arrow.............
3 Interest on savings and temporary cash investments 126,553 126,553 126,553
4 Dividends and interest from securities... 64,024 64,024 64,024
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 116,583
b Gross sales price for all assets on line 6a 2,482,021
7 Capital gain net income (from Part IV, line 2)... 116,583
8 Net short-term capital gain......... 10,555
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
5,164   5,164
12 Total. Add lines 1 through 11........ 3,314,328 307,160 206,296
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
298 298 298  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 298 298 298 0
25 Contributions, gifts, grants paid....... 1,848,900 1,848,900
26 Total expenses and disbursements. Add lines 24 and 25 1,849,198 298 298 1,848,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,465,130
b Net investment income (if negative, enter -0-) 306,862
c Adjusted net income (if negative, enter -0-)... 205,998
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,157,130 1,815,390 1,815,390
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) 15,023 Click to see attachment
List of Attached Documents:
// Content
1,877,019 		1,875,836
b Investments—corporate stock (attach schedule)....... 291,404 Click to see attachment
List of Attached Documents:
// Content
293,636 		453,671
c Investments—corporate bonds (attach schedule)....... 1,760,813 Click to see attachment
List of Attached Documents:
// Content
1,677,736 		1,668,398
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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
9,155 		Click to see attachment
List of Attached Documents:
// Content
34,874 		Click to see attachment
List of Attached Documents:
// Content
34,874
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,233,525 5,698,655 5,848,169
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........ 4,233,525 5,698,655
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,233,525 5,698,655
30 Total liabilities and net assets/fund balances (see instructions). 4,233,525 5,698,655
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
4,233,525
2
Enter amount from Part I, line 27a .....................
2
1,465,130
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,698,655
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,698,655
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
d
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 2,005,813   1,901,171 104,642
b 474,822   464,267 10,555
c
d
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       104,642
b       10,555
c
d
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 2 116,583
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 10,555
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 4,265
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 4,265
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,265
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 8,909
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,909
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 4,644
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,644 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment
List of Attached Documents:
// Content
....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowHI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
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 arrowFIRST HAWAIIAN BANK Telephone no.right arrow (808) 525-7777

Located atright arrow999 BISHOP STREETHONOLULUHI 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
ROBERT S HARRISON CHAIRMAN AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CAMERON W NEKOTA PRESIDENT AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
ALTON A MURAKAMI VICE PRESIDENT AND TAX MANAGER
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
JOEL E RAPPOPORT VP, SECRETARY AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
JAMES M MOSES VP, TREASURER AND DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
ALAN H ARIZUMI DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CHRISTOPHER L DODS DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
GINA O W ANONUEVO DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
CORBETT A K KALAMA DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
DONALD G HORNER DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
NEILL A CHAR DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
SHARON S BROWN DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
LEA M NAKAMURA DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
DARLENE N BLAKENEY DIRECTOR
0 		0 0 0
999 BISHOP STREET
HONOLULU,HI96813
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,563,600
b
Average of monthly cash balances.......................
1b
3,647,903
c
Fair market value of all other assets (see instructions)................
1c
17,058
d
Total (add lines 1a, b, and c).........................
1d
5,228,561
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,228,561
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
78,428
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,150,133
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
257,507
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
257,507
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,265
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,265
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
253,242
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
253,242
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
253,242
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
1,848,900
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,848,900
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 7 253,242
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 980,371
b From 2020...... 3,163,510
c From 2021...... 1,291,368
d From 2022...... 1,619,770
e From 2023...... 1,673,352
f Total of lines 3a through e ........ 8,728,371
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,848,900
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 253,242
e Remaining amount distributed out of corpus 1,595,658
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 10,324,029
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...... 		 
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		980,371
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		9,343,658
10 Analysis of line 9:
a Excess from 2020.... 3,163,510
b Excess from 2021.... 1,291,368
c Excess from 2022.... 1,619,770
d Excess from 2023.... 1,673,352
e Excess from 2024.... 1,595,658
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CAMERON W NEKOTA
999 BISHOP STREET
HONOLULU,HI96813
(808) 525-7777
bThe form in which applications should be submitted and information and materials they should include:
Submit a letter of request detailing the organization's purpose, tax-exempt status, and proposed use of funds.
cAny submission deadlines:
Applications are accepted at any time.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
There are no restrictions.
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

University of Hawaii Economic Research Org

2424 Maile Way
Saunders Hall 540
Honolulu,HI96822 		  PC To support economic research relevant to Hawaii and the Asia-Pacific region. 50,000

Hawaiian Humane Society

2700 Waialae Ave
Honolulu,HI96826 		  PC To support Ho'opili Campus capital campaign in West Oahu. 25,000

Kapiolani Health Foundation

55 Merchant St Suite 2600
Honolulu,HI96813 		  PC To support Phase I upgrade to Pediatric Heart Center. 25,000

University of Hawaii Cancer Center

701 Ilalo St
Honolulu,HI96813 		  PC To support Phase I of the "Expanding Cancer Research and Treatment for Hawaii's People" project to bring early clinical research trials to Hawaii and the Pacific Region. 25,000

Hawaii Homeownership Center

1259 Aala St Suite 201
Honolulu,HI96817 		  PC To support Hope & Help for Homeownership & Stability program which provides pre-purchase education and post-purchase services. 25,000

Hawaii High School Automotive Academy

University of Hawaii Foundation
874 Dillingham Blvd
Honolulu,HI96817 		  PC To support program for high school students interested in automotive industry. 18,000

Waipahu HS and Castle HS Culinary Arts Academy

Leeward Community College
96-045 Ala Ike St
Pearl City,HI96782 		  PC To support students with hands-on food service course. 5,000

Youth Impact Program

2330 Kaola Way 4
Honolulu,HI96813 		  PC To support Summer Camps for at-risk middle school students from low income, marginalized communities. 50,000

Aloha United Way

200 N Vineyard Blvd Suite 700
Honolulu,HI96817 		  PC Corporate campaign pledge. 100,000

Parker School

65-1224 Lindsey Rd
Kamuela,HI96743 		  PC To support the purchase of a 14-passenger van to transport students. 50,000

Straub Foundation

55 Merchant St Suite 2600
Honolulu,HI96813 		  PC To support training and emerging technology/equipment at the Straub Burn Center. 50,000

Castle Medical Center

640 Ulukahiki St
Kailua,HI96734 		  PC To support Kailua Primary Care Expansion Project to expand existing primary care clinic. 25,000

Hawaii Children's Discovery Center

111 Ohe St
Honolulu,HI96813 		  PC To support School Group Discovery Visit program and upgrade classrooms for Discovery Camps and Preschool programs. 25,000

Hawaii Youth Symphony

1350 S King St Suite 201
Honolulu,HI96814 		  PC To support Pacific Music Institute, an intensive music camp for grades 6-12 held in July. 25,000

Hawaii Island United Way

688 Kinoole St Suite 201
Hilo,HI96720 		  PC Corporate campaign pledge. 35,000

Iolani School

563 Kamoku St
Honolulu,HI96826 		  PC To support the financial aid program for the 2024-2025 school year. 30,544

Maui United Way

PO Box 275
Kahului,HI96793 		  PC Corporate campaign pledge. 22,500

Kauai United Way

4374 Kukui Grove St Suite 201
Lihue,HI96766 		  PC Corporate campaign pledge. 20,000

Hawaii International Film Festival

3512 Waialae Ave
Honolulu,HI96816 		  PC TO support educational programs for students and adults. 5,000

Friendly Isle United Way

PO Box 2047
Kaunakakai,HI96748 		  PC Corporate campaign pledge. 2,500

Blood Bank of Hawaii

2043 Dillingham Blvd
Honolulu,HI96819 		  PC To support capital campaign to construct permanent facility in Kapolei. 125,000

Kokua Kalihi Valley Comprehensive Family Services

2239 N School St
Honolulu,HI96819 		  PC To support capital campaign for studio, cultural arts center and education space. 25,000

Institute for Human Services

546 Kaaahi St
Honolulu,HI96817 		  PC To support building renovations, furnishings, and medical equipment for new facility for the homeless. 20,000

Hawaii Community Lending Inc

1315 Kalanianaole Ave
Hilo,HI96720 		  PC To support the Lahaina Homeowner Recovery Program to assist 500 owner-occupant Lahaina homeowners impacted by the wildfire. 250,000

Punahou School

1601 Punahou St
Honolulu,HI96813 		  PC To support the redesign and renovation of Cooke Library into the Academy Learning Commons. 40,000

Le Jardin Academy

917 Kalanianaole Hwy
Kailua,HI96734 		  PC To support capital campaign to construct an arts and innovation center and renovate an existing building to create early learning space. 31,250

Hawaii Community Foundation

827 Fort Street Mall
Honolulu,HI96813 		  PC To support Maui Strong Fund to provide financial resources for the recovery needs of people and places affected by the wildfires. 25,000

Hawaii Foodbank

2611 Kilihau St
Honolulu,HI96819 		  PC To support Food Purchase Program: Serving Hawaii's Keiki, Kupuna and Families. 50,000

Mid-Pacific Institute

2445 Kaala St
Honolulu,HI96822 		  PC To support Mid-Pacific Global Exchange Academy for all students of Hawaii. 25,000

Pali Momi Foundation

55 Merchant St Suite 2600
Honolulu,HI96813 		  PC To support the purchase of equipment for the Pali Momi Medical Center Cardiac Catheterization Lab. 25,000

Hawaii Preparatory Academy

65-1692 Kohala Mountain Rd
Kamuela,HI96743 		  PC To support the purchase of buses to transport students to field trips and various extracurricular activities. 25,000

Kupu

677 Ala Moana Blvd Suite 1200
Honolulu,HI96813 		  PC To support the establishment of a state-of-the-art headquarters. 25,000

National Tropical Botanical Garden

3530 Papalina Rd
Kalaheo,HI96741 		  PC To support the hiring of a Director of Education to advance and expand educational programs. 16,666

Project Vision Hawaii

810 N Vineyard Blvd
Honolulu,HI96817 		  PC To support program to bring vision and hearing screenings to Hawaii public schools. 25,000

Vision to Learn

12100 Wilshire Blvd Suite 1275
Los Angeles,CA90025 		  PC To support program to provide vision care for children in underserved communities. 25,000

Hawaii Nature Center

2131 Makiki Heights Dr
Honolulu,HI96822 		  PC To support program to allow Oahu children to engage in nature. 30,000

Feeding Hawaii Together

2522 Rose St
Honolulu,HI96819 		  PC To support program to ensure sustainable supply of locally-sourced food. 25,000

Hawaii Ag & Culinary Alliance

3538 Waialae Ave 202
Honolulu,HI96816 		  PC To support the From Cottage Industry to Commercial Enterprise Program, an incubator for local entrepreneurs creating value-added food products. 25,000

Hawaii Agricultural Foundation

3538 Waialae Ave 203
Honolulu,HI96816 		  PC To support the Young Entrepreneurs Program to inspire middle and high school public school students to become successful entrepreneurs while focusing on local agriculture. 25,000

Hawaii Pacific University

1 Aloha Tower Dr
Honolulu,HI96813 		  PC To support the Holomua Commitment program to provide iPads for HPU's neediest local students. 25,000

Kauai Christian Academy

PO Box 1121
Kilauea,HI96754 		  PC To support Early Childhood Playground Project to renovate pre-kindergarten playground. 25,000

Kona Hospital Foundation

79-1019 Haukapila St
Kealakekua,HI96750 		  PC To support the purchase of a new C-Arm machine for the Total Joint Replacement Program. 25,000

Teach for America Hawaii

500 Ala Moana Blvd Suite 3-580
Honolulu,HI96813 		  PC To support early literacy initiatives for fiscal year 2025. 25,000

Ultimate Hawaiian Trail Run Foundation

PO Box 785
Lawai,HI96765 		  PC To support the purchase of a 15-passenger vehicle to transport underserved and marginalized youths. 25,000

Center for Tomorrow's Leaders

677 Ala Moana Blvd Suite 1100
Honolulu,HI96813 		  PC To support advanced leadership program for high school seniors to engage, equip and empower future state-level leaders for Hawaii. 20,000

Special Olympics Hawaii

91-610 Maunakapu St
Ewa Beach,HI96706 		  PC To support the 2024 Troy Barboza Law Enforcement Torch Run. 20,000

Rehab Foundation

226 N Kuakini St
Honolulu,HI96817 		  PC To support comprehensive rehabilitation services for patients experiencing all levels of disability. 15,000

The Derek Sakaguchi Foundation

1130 Hui St
Kailua,HI96734 		  PC To support educational curriculum for Native Hawaiian Organizations to receive Small Business Administration 8(a) certifications. 15,000

Wesley United Methodist Church Children's Program

1350 Hunakai St
Honolulu,HI96816 		  PC To support project providing outdoor play structures for 1-5-year-old students. 15,000

United Service Organizations Inc

United 5128 Box 10
APO,AP96368 		  PC To support USO Guam's programs to assist service members and families stationed away from their home state. 12,000

American Red Cross Hawaii

4155 Diamond Head Rd
Honolulu,HI96816 		  PC To support Disaster Preparedness and Response Programs. 10,000

East Hawaii Cultural Council

141 Kalakaua St
Hilo,HI96720 		  PC To support the expansion of the Youth Artivists Summer Camp. 10,000

Friends of Waialua Robotics

94-200 Meki Pl
Waipahu,HI96797 		  PC To support participation of middle and high school students in robotics competitions. 10,000

Hawaii School for Girls (La Pietra-Hawaii)

2933 Poni Moi Rd
Honolulu,HI96815 		  PC To support the acquisition of new technology equipment. 10,000

Hawaii Symphony Orchestra

3610 Waialae Ave
Honolulu,HI96816 		  PC To support 2024-2025 concert season. 10,000

Helping Hands Hawaii

2100 N Nimitz Hwy
Honolulu,HI96819 		  PC To support the community clearinghouse to assist vulnerable individuals. 10,000

Hilo Education Arts Repertory Theatre

141 Kalakaua St
Hilo,HI96720 		  PC To support performing arts program to allow underserved students in Hilo to attend classes in acting, singing, dancing, and production. 10,000

Honolulu Community Action Program Inc

1132 Bishop St Suite 100
Honolulu,HI96813 		  PC To support program to provide tuition assistance to low-income, unemployed and underemployed individuals on Oahu. 10,000

Hui Malama i ke Ala Ulili

PO Box 6
Paauilo,HI96776 		  PC To support community resilience hub to enhance the quality of life for the rural community in Pa'auilo, Hawaii. 10,000

Kauai Independent Food Bank

3285 Waapa Rd Suite A
Lihue,HI96766 		  PC To support delivery of heart-healthy, easy-to-prepare foods to seniors in their homes. 10,000

Kauai North Shore Food Pantry

PO Box 1172
Kilauea,HI96754 		  PC To support the purchase of food, hygiene and other essential items for weekly distribution event. 10,000

Kohala Animal Relocation and Education Service

PO Box 44670
Kamuela,HI96743 		  PC To support veterinary care and spay/neuter for Hawaii Island family pets. 10,000

Mala'ai The Culinary Garden of Waimea Middle Sch

Waimea Middle Public Conversion Cha
67-1229 Mamalahoa Hwy
Kamuela,HI96743 		  PC To support the Waimea Middle School Culinary Garden. 10,000

St Theresa Catholic School

8311 Kaumualii Hwy
Kekaha,HI96752 		  PC To support project to remove and replace play equipment and improve shade and footing. 10,000

The Legal Clinic

1020 S Beretania St
Honolulu,HI96814 		  PC To support free legal services for unaccompanied immigrant minors. 10,000

Waikoloa Dry Forest Initiative

PO Box 384087
Waikoloa,HI96738 		  PC To support Future Foresters program providing free after-school outdoor activities for 4th and 5th grades at Waikoloa Elementary and Middle School. 10,000

Women Speaking Out

PO Box 11540
Honolulu,HI96828 		  PC To support educational program for Oahu teens who are court-ordered to participate in the Future is Bright Educational Series. 5,440

Hoa Aina O Makaha

84-225 Ala Naauao Pl
Waianae,HI96792 		  PC To support the Na Keiki O Ka Aina and Ke Ala programs for students. 5,000

People for Active Transportation Hawaii

PO Box 62
KailuaKona,HI96745 		  PC To support the purchase of helmets/supplies and cover bike maintenance/repairs and van/trailer expenses for the bike education program. 5,000
Total .................................right arrow 3a 1,848,900
bApproved for future payment

Aloha United Way
200 N Vineyard Blvd Suite 700
Honolulu,HI96817 		  PC Corporate campaign pledge. 0

Hawaii Island United Way
688 Kinoole St Suite 201
Hilo,HI96720 		  PC Corporate campaign pledge. 0

Maui United Way
PO Box 275
Kahului,HI96793 		  PC Corporate campaign pledge. 0

Kauai United Way
4374 Kukui Grove St Suite 201
Lihue,HI96766 		  PC Corporate campaign pledge. 0

Friendly Isle United Way
PO Box 2047
Kaunakakai,HI96748 		  PC Corporate campaign pledge. 0

Punahou School
1601 Punahou St
Honolulu,HI96813 		  PC To support the redesign and renovation of Cooke Library into the Academy Learning Commons. 0

University of Hawaii Economic Research Org
2424 Maile Way
Saunders Hall 540
Honolulu,HI96822 		  PC To support economic research relevant to Hawaii and the Asia-Pacific Region. 0

Le Jardin Academy
917 Kalanianaole Hwy
Kailua,HI96734 		  PC To support capital campaign to construct an arts and innovation center and renovate an existing building to create early learning space. 0

Hawaii Community Foundation
827 Fort Street Mall
Honolulu,HI96813 		  PC To support Maui Strong Fund to provide financial resources for the recovery needs of people and places affected by the wildfires. 0

Hawaii Foodbank
2611 Kilihau St
Honolulu,HI96819 		  PC To support Food Purchase Program: Serving Hawaii's Keiki, Kupuna and Families. 0

Mid-Pacific Institute
2445 Kaala St
Honolulu,HI96822 		  PC To support Mid-Pacific Global Exchange Academy for all students of Hawaii. 0

Pali Momi Foundation
55 Merchant St Suite 2600
Honolulu,HI96813 		  PC To support the purchase of equipment for the Pali Momi Medical Center Cardiac Catheterization Lab. 0

Hawaii Homeownership Center
1259 Aala St Suite 201
Honolulu,HI96817 		  PC To support Hope & Help for Homeownership & Stability program which provides pre-purchase education and post-purchase services. 0

Hawaii Preparatory Academy
65-1692 Kohala Mountain Rd
Kamuela,HI96743 		  PC To support the purchase of buses to transport students to field trips and various extracurricular activities. 0

Kupu
677 Ala Moana Blvd Suite 1200
Honolulu,HI96813 		  PC To support the establishment of a state-of-the-art headquarters. 0

National Tropical Botanical Garden
3530 Papalina Rd
Kalaheo,HI96741 		  PC To support the hiring of a Director of Education to advance and expand educational programs. 0

Project Vision Hawaii
810 N Vineyard Blvd
Honolulu,HI96817 		  PC To support program to bring vision and hearing screenings to Hawaii public schools. 0

Vision to Learn
12100 Wilshire Blvd Suite 1275
Los Angeles,CA90025 		  PC To support program to provide vision care for children of underserved communities. 0
Total ................................. right arrow 3b 1,017,084
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 ........... 		    14 126,553  
4 Dividends and interest from securities ....     14 64,024  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 116,583  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS OTHER INCOME 		    01 5,164  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   312,324  
13Total. Add line 12, columns (b), (d), and (e)..................
13
312,324
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


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


Software ID:  
Software Version:  


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

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

23-7437822
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
FIRST HAWAIIAN BANK FOUNDATION
  		Employer identification number
23-7437822
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
FIRST HAWAIIAN BANK
999 BISHOP STREET
 
HONOLULU, HI96813

$ 3,000,000


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

$  


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

$  


(Complete Part II for noncash contributions.)
(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
FIRST HAWAIIAN BANK FOUNDATION
  		Employer identification number

23-7437822
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
FIRST HAWAIIAN BANK FOUNDATION
  		Employer identification number

23-7437822
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


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TY 2024 DepreciationSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
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

TY 2024 InvestmentsCorpBondsSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Name of Bond End of Year Book Value End of Year Fair Market Value
GS FIN CORP 6.6% 30 JUN 26 175,000 175,000
RBC 7.15% 18 MAY 26 175,000 168,980
AERCAP 1.75% 30 JAN 26 29,031 29,031
AES CORP 1.375% 15 JAN 26 33,663 33,710
AIRCASTLE LTD 4.25% 15 JUN 26 34,823 34,627
AMGEN INC. 5.15% 02 MAR 28 30,388 30,218
ARES CAP CORP 3.875% 15 JAN 26 4,838 4,943
ARES CAP CORP 3.25% 15 JUL 25 59,357 59,417
ASTRAZENECA FN 1.75% 28 MAY 28 31,833 31,757
BOFA CORP VAR 3.97% 05 MAR 29 34,130 33,943
BARCLAYS PLC 4.375% 12 JAN 26 10,348 9,953
BAT INT FIN 5.931% 02 FEB 29 31,266 30,900
BERK HATH ENER 3.25% 15 APR 28 33,680 33,318
BLKSTN PRIV CR 7.05% 29 SEP 25 10,139 10,146
BLUE OWL CC 4.25% 15 JAN 26 29,660 29,692
BOEING 2.196% 04 FEB 26 33,869 33,941
CANADIAN NA RES 3.9% 01 FEB 25 29,945 29,962
CAP ONE VAR 1.878% 02 NOV 27 32,871 33,073
CISCO 4.85% 26 FEB 29 30,142 30,176
CITIGROUP 3.2% 21 OCT 26 34,129 34,043
CNA FIN 4.5% 01 MAR 26 29,877 29,906
CVS HEALTH 2.875% 01 JUN 26 34,014 33,985
DEUT BNK VAR 2.552% 07 JAN 28 33,269 33,292
DISCOVER FIN 4.1% 09 FEB 27 34,386 34,371
DOMINION ENGY 1.45% 15 APR 26 33,549 33,570
ENGY TRANS 4.95% 15 MAY 28 35,142 34,954
EQUINIX 1.45% 15 MAY 26 33,454 33,474
GS GRP 3.85% 26 JAN 27 34,391 34,348
JPM CHASE VAR 2.069% 01 JUN 29 32,095 31,803
L3HARRIS TECH 5.05% 01 JUN 29 35,516 34,988
LAM RESEARCH 4% 15 MAR 29 33,979 34,029
MS VAR 3.591% 22 JUL 28 33,852 33,751
ORACLE 2.65% 15 JUL 26 33,947 33,943
PFIZER INVEST 4.45% 19 MAY 28 29,693 29,734
PHILIP MORRIS 4.875% 15 FEB 28 30,188 30,072
PLNS AAM PPELN 4.65% 15 OCT 25 29,970 29,956
PRIN FIN 3.7% 15 MAY 29 28,916 28,571
RBC 4.9% 12 JAN 28 30,317 30,017
RTX CORP 3.125% 04 MAY 27 29,058 28,951
SANTANDER HLDGS 4.5% 17 JUL 25 39,850 39,878
SPRINT LLC 7.625% 01 MAR 26 30,748 30,664
SYNCHRONY FIN 3.7% 04 AUG 26 9,644 9,781
VERIZON 4.329% 21 SEP 28 29,451 29,383
VMWARE LLC 3.9% 21 AUG 27 34,357 34,212
WELLS FARGO 3% 23 OCT 26 33,961 33,935

TY 2024 InvestmentsCorpStockSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES CORE S&P 500 ETF 70,987 205,449
ISHARES US EQ FAC ROT ACT ETF 28,306 33,774
VANGUARD EXTENDED MARKET ETF 30,838 35,716
AVANTIS EMERGING MKTS EQ ETF 10,831 11,170
GS GQG PARTNERS INT OPP FUND 21,062 18,839
ISHARES CORE MSCI EAFE ETF 42,496 56,857
ISHARES CORE MSCI EMERGING ETF 14,739 15,248
SPDR MSCI EAFE STRATFACT ETF 7,515 9,789
T ROWE PRICE INTL VAL EQ FUND 20,321 20,702
VANGUARD GLBL WELLINGTON FUND 18,428 18,204
BLACKROCK GLBL EQ MKT NEUT FUN 14,703 14,194
CALAMOS MKT NEUT INCOME FUND 8,898 9,229
VICTORY MKT NEUT INCOME FUND 4,512 4,500

TY 2024 InvestmentsGovtObligationsSch
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
US Government Securities - End of Year Book Value:

1,877,019
US Government Securities - End of Year Fair Market Value:

1,875,836
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 OtherAssetsSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME RECEIVABLE 9,155 34,874 34,874


TY 2024 OtherIncomeSchedule2
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS OTHER INCOME 5,164   5,164


TY 2024 TaxesSchedule
Name:
FIRST HAWAIIAN BANK FOUNDATION
EIN:
23-7437822
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 0 0 0  
FOREIGN TAX WITHHELD 298 298 298