Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
GARMAR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 3170 DEPT 715
 
Room/suite
City or town
HONOLULU
State or province
HI
Country  
ZIP or foreign postal code
968023170
A Employer identification number

94-3276214
B Telephone number (see instructions)

8086944399
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$28,635,536
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,485,465
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 561,640 561,640  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,220,915
b Gross sales price for all assets on line 6a 6,282,386
7 Capital gain net income (from Part IV, line 2)... 1,220,915
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 73 73  
12 Total. Add lines 1 through 11........ 3,268,093 1,782,628  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 2,466 0 0 2,466
c Other professional fees (attach schedule).... 176,006 176,006   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 50,100 16,793   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 56 50   6
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 228,628 192,849 0 2,472
25 Contributions, gifts, grants paid....... 1,050,000 1,050,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,278,628 192,849 0 1,052,472
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,989,465
b Net investment income (if negative, enter -0-) 1,589,779
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 28,691 14,940 14,940
2 Savings and temporary cash investments......... 458,618 488,888 488,888
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,928,013 Click to see attachment
List of Attached Documents:
// Content
18,895,926
28,131,708
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,415,322 19,399,754 28,635,536
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 )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 17,415,322 19,399,754
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)..... 17,415,322 19,399,754
30 Total liabilities and net assets/fund balances (see instructions). 17,415,322 19,399,754
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
17,415,322
2
Enter amount from Part I, line 27a .....................
2
1,989,465
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
19,404,787
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
5,033
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
19,399,754
Form 990-PF (2025)
Form 990-PF (2025)
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 60. ABBVIE INC   2025-03-20 2025-07-11
b 76. ABBVIE INC   2025-06-04 2025-09-22
c 9. ADOBE SYSTEMS INC   2025-02-26 2025-03-20
d 36. ADOBE SYSTEMS INC   2023-08-11 2025-03-20
e 77. ADVANCED MICRO DEVICES INC   2024-12-05 2025-02-13
51. AIR PRODUCTS & CHEMICAL INC   2024-12-05 2025-03-20
100. AIR PRODUCTS & CHEMICAL INC   2023-08-11 2025-03-20
68. ALPHABET INC CL A   2024-12-05 2025-03-20
130. ALPHABET INC CL A   2023-12-20 2025-03-20
12. AMAZON.COM INC   2025-02-26 2025-03-20
101. AMAZON.COM INC   2020-09-09 2025-03-20
14. AMAZON.COM INC   2020-09-09 2025-06-04
22. AMAZON.COM INC   2025-07-11 2025-09-22
43. AMERICAN INTL GROUP   2025-03-20 2025-07-11
10. APOLLO GLOBAL MGMT INC   2025-03-20 2025-07-11
59. APPLE COMPUTER   2022-05-25 2025-02-26
127. APPLE COMPUTER   2022-05-25 2025-03-20
135. APPLE COMPUTER   2007-11-26 2025-06-04
11. APPLE COMPUTER   2007-11-26 2025-07-11
63. APPLOVIN CORP-CLASS A   2025-03-20 2025-06-04
44. APPLOVIN CORP-CLASS A   2024-04-19 2025-06-04
44. APPLOVIN CORP-CLASS A   2025-07-11 2025-09-22
45. APPLOVIN CORP-CLASS A   2024-04-19 2025-09-22
48. APPLOVIN CORP-CLASS A   2024-04-19 2025-12-03
59. ASTERA LABS INC   2024-08-12 2025-02-26
38. ASTERA LABS INC   2024-12-05 2025-02-26
19. ASTERA LABS INC   2025-06-04 2025-07-11
86. ASTERA LABS INC   2025-06-04 2025-09-22
1. AUTOZONE INC   2024-07-11 2025-03-20
11. AUTOZONE INC   2022-05-25 2025-03-20
105. BJ'S WHOLESALE CLUB HOLDINGS   2025-03-20 2025-07-11
362. BALL CORP   2025-03-20 2025-05-12
342. BANK OF AMERICA CORP   2025-03-20 2025-07-11
16.54 ISHARES S&P 500 INDEX FUND   2024-12-05 2025-06-04
227.298 ISHARES S&P 500 INDEX FUND   2025-03-20 2025-07-11
745. BAXTER INTL INC   2024-12-05 2025-03-20
10. BERKSHIRE HATHAWAY INC CL B   2024-12-05 2025-02-26
18. BERKSHIRE HATHAWAY INC CL B   2024-04-19 2025-03-20
120. BERKSHIRE HATHAWAY INC CL B   2023-07-11 2025-03-20
67. BIONTECH SE-ADR   2024-12-05 2025-02-26
5. BLACKROCK FUNDING INC   2024-12-05 2025-03-20
58. BLACKROCK FUNDING INC   2023-07-11 2025-03-20
99. BOSTON SCIENTIFIC CORP   2023-07-11 2025-02-26
11. BOSTON SCIENTIFIC CORP   2025-03-20 2025-07-11
9. BOSTON SCIENTIFIC CORP   2023-07-11 2025-07-11
136. BROADCOM INC   2025-03-20 2025-06-04
35. BROADCOM INC   2025-03-20 2025-07-11
15. BROADCOM INC   2024-04-19 2025-07-11
34. BURLINGTON STORES INC.   2024-04-19 2025-02-26
47. BURLINGTON STORES INC.   2025-06-04 2025-07-11
40. CADENCE DESIGN SYSTEMS INC   2024-07-11 2025-03-20
61. CADENCE DESIGN SYSTEMS INC   2025-02-26 2025-06-04
403. CAMECO CORPORATION   2025-03-20 2025-05-12
127. CAMECO CORPORATION   2025-08-04 2025-09-22
62. CAPITAL ONE FINANCIAL CORP   2025-06-04 2025-07-11
133. CARDINAL HEALTH, INC. COMMON   2025-06-04 2025-09-19
216. CARRIER GLOBAL CORP   2024-12-05 2025-03-20
500. CARRIER GLOBAL CORP   2023-03-24 2025-03-20
4. CHARTER COMMUNICATIONS, INC.   2025-06-04 2025-07-11
87. CHEVRONTEXACO CORP   2024-12-05 2025-03-20
130. CHEVRONTEXACO CORP   2023-12-20 2025-03-20
116. CISCO SYSTEMS   2024-12-05 2025-02-26
283. CISCO SYSTEMS   2024-12-05 2025-03-20
670. CISCO SYSTEMS   2023-03-24 2025-03-20
49. CITIGROUP INC   2025-06-04 2025-07-11
93. CLOUDFLARE INC CLASS A   2025-03-20 2025-07-11
67. COCA COLA CO   2025-06-04 2025-07-11
115. COHERENT CORP   2025-02-26 2025-03-20
187. COHERENT CORP   2025-07-11 2025-09-22
28. CONOCOPHILLIPS   2025-03-20 2025-07-11
62. CONSTELLATION ENERGY   2024-08-12 2025-02-26
34. CONSTELLATION ENERGY   2025-06-04 2025-07-11
59. CONSTELLATION ENERGY   2025-06-04 2025-12-03
1133. CORE SCIENTIFIC INC   2025-03-20 2025-06-04
36. CORTEVA INC   2025-06-04 2025-07-11
677. COUPANG INC   2024-12-05 2025-02-26
60. DELL TECHNOLOGIES INC.   2024-12-05 2025-02-26
284. DELTA AIR LINES INC   2024-12-05 2025-02-26
314. DELTA AIR LINES INC   2024-12-05 2025-03-20
197. DELTA AIR LINES INC   2025-06-04 2025-07-11
8. DIAGEO PLC - SPONSORED ADR   2024-12-05 2025-03-20
160. DIAGEO PLC - SPONSORED ADR   2023-12-20 2025-03-20
49. DISNEY WALT CO   2024-12-05 2025-03-20
295. DISNEY WALT CO   2023-07-11 2025-03-20
975.319 DODGE & COX INTERNATIONAL STOCK FUND CLA   2024-12-05 2025-02-26
1980.79 DODGE & COX INTERNATIONAL STOCK FUND CLA   2023-12-20 2025-02-26
295.213 DODGE & COX INTERNATIONAL STOCK FUND CLA   2022-05-25 2025-03-20
18.475 DODGE & COX INTERNATIONAL STOCK FUND CLA   2025-06-04 2025-07-11
163.371 DODGE & COX INTERNATIONAL STOCK FUND CLA   2022-05-25 2025-07-11
38. DOOR DASH INC - A   2025-07-11 2025-09-22
243. DRAFTKINGS INC CL A   2023-07-11 2025-02-26
329. EASTMAN CHEM CO.   2025-06-04 2025-07-11
642. EMBRAER SA ADR   2020-12-23 2025-03-20
17. EQUINIX INC   2024-08-12 2025-02-26
34. EXXON MOBIL CORP   2025-03-20 2025-07-11
20. EXXON MOBIL CORP   2024-04-19 2025-07-11
10. META PLATFORMS INC CL A   2023-08-11 2025-02-26
16. META PLATFORMS INC CL A   2025-03-20 2025-06-04
37. META PLATFORMS INC CL A   2023-08-11 2025-06-04
9. META PLATFORMS INC CL A   2023-03-24 2025-07-11
690.415 FEDERATED HERMES MDT MID CAP GROWTH FUND   2025-02-26 2025-06-04
158.807 FEDERATED HERMES MDT MID CAP GROWTH FUND   2025-02-26 2025-07-11
382.592 FEDERATED HERMES TOTAL RETURN BOND FUND   2021-01-26 2025-02-26
1598.774 FEDERATED HERMES TOTAL RETURN BOND FUND   2021-01-26 2025-03-20
1576.549 FEDERATED HERMES TOTAL RETURN BOND FUND   2021-01-26 2025-07-11
11. FEDEX CORPORATION   2025-03-20 2025-07-11
735. FIRSTENERGY CORP   2025-02-26 2025-03-20
645. FIRSTENERGY CORP   2023-03-24 2025-03-20
82. FREEPORT MCMORAN COPPER & GOLD CLASS B   2025-06-04 2025-07-11
176. GFL ENVIRONMENTAL INC SUB VT   2024-12-05 2025-02-26
546. GFL ENVIRONMENTAL INC SUB VT   2025-03-20 2025-06-04
67. GFL ENVIRONMENTAL INC SUB VT   2024-08-12 2025-07-11
669. GFL ENVIRONMENTAL INC SUB VT   2024-08-12 2025-09-22
23. GENERAL DYNAMICS CORP   2024-12-05 2025-03-20
90. GENERAL DYNAMICS CORP   2022-12-08 2025-03-20
47. GENERAL MOTORS CO   2025-03-20 2025-07-11
65. GLAUKOS CORP   2025-03-20 2025-06-04
9. GOLDMAN SACHS GROUP INC   2024-12-05 2025-02-26
13. GOLDMAN SACHS GROUP INC   2022-12-08 2025-02-26
11. GOLDMAN SACHS GROUP INC   2025-06-04 2025-09-22
14. GOLDMAN SACHS GROUP INC   2022-05-25 2025-09-22
435.592 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2025-02-26 2025-03-20
1399.148 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2022-05-25 2025-03-20
1797.59 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2022-05-25 2025-06-04
1231.749 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2022-05-25 2025-07-11
100.295 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN   2022-05-25 2025-09-22
17. HEICO CORP CL A   2025-03-20 2025-06-04
3. HEICO CORP CL A   2024-04-19 2025-06-04
11. HEICO CORP CL A   2024-04-19 2025-07-11
34. HEICO CORP CL A   2024-04-19 2025-12-03
13. HILTON WORLDWIDE HOLDINGS INC.   2025-06-04 2025-07-11
2. HOME DEPOT INC   2025-02-26 2025-03-20
40. HOME DEPOT INC   2023-03-24 2025-03-20
151. HONEYWELL INTERNATIONAL INC   2024-12-05 2025-03-20
24. INGERSOLL RAND INC   2025-06-04 2025-07-11
1207. INTEL CORP   2024-12-05 2025-03-20
39. INTUITIVE SURGICAL INS   2025-06-04 2025-09-22
260. ISHARES RUSSELL MIDCAP GROWTH INDEX FUND   2024-12-05 2025-06-04
83. ISHARES RUSSELL MIDCAP GROWTH INDEX FUND   2024-12-05 2025-07-11
12. JP MORGAN CHASE & CO   2024-12-05 2025-03-20
250. JP MORGAN CHASE & CO   2023-03-24 2025-03-20
1230.904 JOHN HANCOCK DISCIPLINED VALUE INTERNATI   2025-02-26 2025-03-20
2038.172 JOHN HANCOCK III DISC M/C-IS   2025-06-04 2025-07-11
74. JOHNSON & JOHNSON   2024-12-05 2025-03-20
180. JOHNSON & JOHNSON   2023-03-24 2025-03-20
363.214 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2025-02-26
699.998 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2025-03-20
753.446 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2025-07-11
799.444 JPMORGAN EMERG MRKT EQ-I   2021-07-02 2025-09-22
517. KINDER MORGAN INC   2024-12-05 2025-03-20
1160. KINDER MORGAN INC   2023-07-11 2025-03-20
34. PHILIPS ELECTRONICS NY SHR   2024-12-05 2025-02-26
169. PHILIPS ELECTRONICS NY SHR   2023-03-24 2025-02-26
745. PHILIPS ELECTRONICS NY SHR   2023-03-24 2025-03-20
277.29 LAZARD EMERGING MKTS EQUITY PORT INSTL   2024-12-05 2025-02-26
808.608 LAZARD EMERGING MKTS EQUITY PORT INSTL   2024-12-05 2025-03-20
1331.292 LAZARD EMERGING MKTS EQUITY PORT INSTL   2025-06-04 2025-07-11
22. LIBERTY MEDIA CORP - LIB NEW C   2025-03-20 2025-06-04
5. LIBERTY MEDIA CORP - LIB NEW C   2023-03-24 2025-06-04
13. LIBERTY MEDIA CORP - LIB NEW C   2023-03-24 2025-07-11
61. LIBERTY MEDIA CORP - LIB NEW C   2023-12-20 2025-12-03
13. LILLY ELI & CO   2025-03-20 2025-06-04
2. LILLY ELI & CO   2024-04-19 2025-06-04
20. LILLY ELI & CO   2024-04-19 2025-08-04
20. MARTIN MARIETTA MATERIALS   2023-03-24 2025-02-26
114. MARVELL TECHNOLOGY INC   2025-07-11 2025-08-04
1. MCKESSON HBOC INC   2019-01-08 2025-02-26
6. MCKESSON HBOC INC   2025-06-04 2025-07-11
1. MERCADOLIBRE INC   2025-03-20 2025-07-11
9. MERCADOLIBRE INC   2022-08-02 2025-07-11
70. MERCK & CO INC   2025-02-26 2025-03-20
200. MERCK & CO INC   2023-03-24 2025-03-20
64. METHANEX CORP   2024-12-05 2025-03-20
490. METHANEX CORP   2023-07-11 2025-03-20
10. MICROSOFT CORP   2022-12-08 2025-02-26
56. MICROSOFT CORP   2025-03-20 2025-06-04
21. MICROSOFT CORP   2022-12-08 2025-06-04
52. MICROSOFT CORP   2022-12-08 2025-07-11
96. MICRON TECH INC   2025-03-20 2025-06-04
5. MOLINA HEALTHCARE INC   2024-04-19 2025-03-20
60. MOLINA HEALTHCARE INC   2023-07-11 2025-03-20
23. MONGODB INC   2025-08-04 2025-09-22
362. NRG ENERGY INC   2025-03-20 2025-06-04
68. NRG ENERGY INC   2025-03-20 2025-07-11
81. NRG ENERGY INC   2025-09-22 2025-12-03
44. NATERA INC   2022-12-08 2025-02-26
12. NATERA INC   2025-03-20 2025-07-11
20. NATERA INC   2022-12-08 2025-07-11
36. NETFLIX INC   2025-03-20 2025-06-04
3. NETFLIX INC   2024-12-05 2025-07-11
6. NETFLIX INC   2024-12-05 2025-09-22
11. NETFLIX INC   2022-12-08 2025-09-22
530. NEWMONT MINING CORP   2025-02-26 2025-03-20
320. NEWMONT MINING CORP   2019-01-08 2025-03-20
37. NEXTERA ENERGY INC   2025-03-20 2025-07-11
384. NIKE INC CL B   2024-12-05 2025-03-20
6. NORTHROP CORP   2025-06-04 2025-07-11
77. NVIDIA CORP   2025-03-20 2025-06-04
90. NVIDIA CORP   2022-12-08 2025-06-04
87. NVIDIA CORP   2022-12-08 2025-07-11
168. ORACLE   2025-03-20 2025-06-04
133. ORACLE   2025-03-20 2025-07-11
59. ORACLE   2025-03-20 2025-12-03
84. PPL CORPORATION   2025-03-20 2025-07-11
70. PAYPAL HOLDINGS INC.   2024-07-11 2025-03-20
442. PAYPAL HOLDINGS INC.   2023-07-11 2025-03-20
450. PFIZER INC   2025-02-26 2025-03-20
660. PFIZER INC   2023-07-11 2025-03-20
55. PHILIP MORRIS INTERNATIONAL   2025-03-20 2025-07-11
9. PINTEREST INC CLASS A   2025-02-26 2025-07-11
257. PINTEREST INC CLASS A   2025-06-04 2025-09-22
6. PROCTER & GAMBLE CO   2024-12-05 2025-03-20
160. PROCTER & GAMBLE CO   2023-03-24 2025-03-20
1457.288 BECKER CONGRESS MID CAP GROWTH-INS   2024-04-19 2025-02-26
23785.38 BECKER CONGRESS MID CAP GROWTH-INS   2022-12-29 2025-02-26
25. PULTEGROUP INC   2025-03-20 2025-07-11
5. QUALCOMM INC   2024-12-05 2025-03-20
18. QUALCOMM INC   2023-07-11 2025-03-20
9. QUALCOMM INC   2025-06-04 2025-07-11
1. QUALCOMM INC   2023-07-11 2025-07-11
3. QUEST DIAGNOSTICS INC COMMON   2024-12-05 2025-03-20
130. QUEST DIAGNOSTICS INC COMMON   2023-03-24 2025-03-20
20. RTX CORPORATION   2024-12-05 2025-02-26
105. RTX CORPORATION   2024-04-19 2025-03-20
290. RTX CORPORATION   2023-03-24 2025-03-20
277. ROBINHOOD MARKETS INC A   2025-06-04 2025-07-11
256. ROBINHOOD MARKETS INC A   2025-02-26 2025-09-22
46. ROBINHOOD MARKETS INC A   2025-02-26 2025-12-03
66. ROBLOX CORP CLASS A   2025-09-22 2025-12-03
133. SHELL PLC NPV ADR   2025-02-26 2025-03-20
240. SHELL PLC NPV ADR   2023-03-24 2025-03-20
15. S&P GLOBAL INC   2022-05-25 2025-02-26
1. S&P GLOBAL INC   2025-03-20 2025-06-04
3. S&P GLOBAL INC   2022-05-25 2025-06-04
3. S&P GLOBAL INC   2022-05-20 2025-07-11
13. SALESFORCE INC   2024-12-05 2025-02-26
20. SALESFORCE INC   2023-07-11 2025-02-26
65. SALESFORCE INC   2023-07-11 2025-03-20
27. SANOFI ADR   2023-03-24 2025-03-20
31. SANOFI ADR   2025-06-04 2025-07-11
23. SANOFI ADR   2023-03-24 2025-07-11
11. SAP AG SPONS ADR   2024-12-05 2025-02-26
68. SAP AG SPONS ADR   2020-12-18 2025-02-26
77. SAP AG SPONS ADR   2023-03-24 2025-03-20
52. CHARLES SCHWAB CORP NEW   2024-12-05 2025-03-20
215. CHARLES SCHWAB CORP NEW   2022-12-08 2025-03-20
9. CHARLES SCHWAB CORP NEW   2025-06-04 2025-07-11
99. SEA LTD ADR   2025-02-26 2025-06-04
19. SEA LTD ADR   2025-02-26 2025-07-11
17. SERVICENOW INC.   2023-03-24 2025-03-20
19. SERVICENOW INC.   2025-07-11 2025-08-04
179. SHOPIFY INC   2025-06-04 2025-09-22
3. SNOWFLAKE INC   2025-02-26 2025-03-20
3. SNOWFLAKE INC   2025-06-04 2025-07-11
63. SNOWFLAKE INC   2025-06-04 2025-09-22
280. SOUTHERN CO   2025-02-26 2025-03-20
385. SOUTHERN CO   2023-07-11 2025-03-20
91. SOUTHWEST AIRLINES   2025-03-20 2025-07-11
254. SYSCO CORP   2024-12-05 2025-03-20
300. SYSCO CORP   2023-12-20 2025-03-20
13. TKO GROUP HOLDINGS INC   2025-03-20 2025-07-11
56. TKO GROUP HOLDINGS INC   2025-03-20 2025-12-03
10. T-MOBILE US INC   2025-03-20 2025-07-11
12. TAIWAN SEMICONDUCTOR -SP ADR   2024-12-05 2025-06-04
24. TAIWAN SEMICONDUCTOR -SP ADR   2024-12-05 2025-07-11
91. TAIWAN SEMICONDUCTOR -SP ADR   2025-02-26 2025-09-22
44. TALEN ENERGY CORP   2025-06-04 2025-07-11
100. TALEN ENERGY CORP   2025-06-04 2025-09-22
107. TELEFLEX INC   2025-02-26 2025-03-20
56. TENET HEALTHCARE CORP   2025-06-04 2025-08-29
20. TESLA INC.   2024-12-05 2025-03-20
34. TESLA INC.   2024-12-05 2025-07-11
6. THERMO ELECTRON CORP   2025-03-20 2025-07-11
304. TIMKEN CO   2025-02-26 2025-03-20
123. TREX COMPANY INC   2024-12-05 2025-02-13
73. TWILIO INC   2025-08-04 2025-09-22
57. US BANCORP   2024-12-05 2025-03-20
375. US BANCORP   2023-03-24 2025-03-20
70. UNITED AIRLINES HOLDINGS INC   2024-12-05 2025-03-20
139. UNITED AIRLINES HOLDINGS INC   2025-02-26 2025-06-04
93. UNITED AIRLINES HOLDINGS INC   2025-02-26 2025-07-11
110. UNITED AIRLINES HOLDINGS INC   2025-09-22 2025-12-03
12. VALERO REFINING & MKTG CO   2025-03-20 2025-07-11
5408.158 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2024-12-05 2025-02-26
1657.866 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2024-12-05 2025-03-20
485.394 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2021-12-03 2025-03-20
198.124 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2025-06-04 2025-07-11
1331.684 VANGUARD TOTAL INTL ST INDEX FUND-ADM   2021-12-03 2025-07-11
1353.179 VANGUARD TOTAL BOND MARKET INDEX FUND AD   2021-07-02 2025-02-26
3779.234 VANGUARD TOTAL BOND MARKET INDEX FUND AD   2021-07-02 2025-03-20
2796.701 VANGUARD TOTAL BOND MARKET INDEX FUND AD   2021-07-02 2025-07-11
1062. VANGUARD FTSE DEVELOPED ETF   2024-12-05 2025-02-26
1572. VANGUARD FTSE DEVELOPED ETF   2024-04-19 2025-03-20
85. VANGUARD FTSE DEVELOPED ETF   2024-04-19 2025-06-04
947. VANGUARD FTSE DEVELOPED ETF   2024-04-19 2025-07-11
4. VANGUARD FTSE EMERGING MARKETS ETF   2024-12-05 2025-02-26
130. VANGUARD FTSE EMERGING MARKETS ETF   2024-12-05 2025-03-20
121. VANGUARD FTSE EMERGING MARKETS ETF   2025-06-04 2025-07-11
7. VANGUARD LONG-TERM CORP BOND   2023-03-24 2025-03-20
267. VANGUARD LONG-TERM CORP BOND   2025-06-04 2025-09-22
908. VANGUARD LONG-TERM CORP BOND   2024-07-11 2025-09-22
47.72 VANGUARD TOTL STK MKT IND-AD   2024-12-05 2025-06-04
1555.065 VANGUARD TOTL STK MKT IND-AD   2025-03-20 2025-07-11
110.453 VANGUARD TOTL STK MKT IND-AD   2025-03-20 2025-09-22
157. VERIZON COMMUNICATIONS   2024-12-05 2025-03-20
935. VERIZON COMMUNICATIONS   2023-07-11 2025-03-20
54. VERTIV HOLDINGS CO   2024-12-05 2025-06-04
22. VERTIV HOLDINGS CO   2024-12-05 2025-07-11
75. VERTIV HOLDINGS CO   2025-03-20 2025-09-22
127. VERTIV HOLDINGS CO   2023-07-11 2025-09-22
153. VERTIV HOLDINGS CO   2023-07-11 2025-12-03
19. VISA INC CL A SHARES   2025-02-26 2025-03-20
3. VISA INC CL A SHARES   2024-12-05 2025-06-04
8. VISA INC CL A SHARES   2017-10-03 2025-06-04
34. VISA INC CL A SHARES   2017-10-03 2025-07-11
22. VISA INC CL A SHARES   2010-09-09 2025-09-22
52. VISA INC CL A SHARES   2010-09-09 2025-12-03
88. VISTRA ENERGY CORP   2025-07-11 2025-09-22
161. VISTRA ENERGY CORP   2025-02-26 2025-12-03
8. WAL-MART STORES INC   2024-12-05 2025-02-26
175. WAL-MART STORES INC   2023-03-24 2025-02-26
51. WAL-MART STORES INC   2025-06-04 2025-07-11
168. WARNER BROS DISCOVERY INC   2024-12-05 2025-03-20
1005. WARNER BROS DISCOVERY INC   2022-12-08 2025-03-20
183. WESTERN DIGITAL CORP   2025-09-22 2025-12-03
21. EATON CORP PLC   2021-07-02 2025-02-26
147. EATON CORP PLC   2022-05-25 2025-03-20
804. JAMES HARDIE IND PLC   2025-07-11 2025-09-22
20. JOHNSON CONTROLS INTERNATIONAL PLC   2025-06-04 2025-07-11
102. SEAGATE TECHNOLOGY HOLDINGS   2025-06-04 2025-12-03
27. CHUBB LTD   2024-12-05 2025-03-20
130. CHUBB LTD   2023-03-24 2025-03-20
5. SPOTIFY TECHNOLOGY SA   2025-03-20 2025-06-04
2. SPOTIFY TECHNOLOGY SA   2024-08-12 2025-07-11
393. GLOBAL-E ONLINE LTD   2024-12-05 2025-02-26
345. GLOBAL-E ONLINE LTD   2025-03-20 2025-06-04
3. ASML HOLDING NV NY REG SHS   2024-08-12 2025-06-04
18. ASML HOLDING NV NY REG SHS   2025-03-20 2025-07-11
209. NXP SEMICONDUCTORS NV   2025-03-20 2025-06-04
71. NEBIUS GROUP NV   2025-07-11 2025-09-22
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CAPITAL GAIN DIVIDENDS P    
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(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,520   12,683 -1,163
b 17,035   15,928 1,107
c 3,510   3,970 -460
d 14,041   18,101 -4,060
e 8,645   11,068 -2,423
14,907   12,505 2,402
29,230   25,027 4,203
11,041   11,954 -913
21,108   17,316 3,792
2,336   2,586 -250
19,658   16,536 3,122
2,903   2,292 611
5,025   4,984 41
3,515   3,603 -88
1,477   1,450 27
14,196   8,223 5,973
27,110   16,267 10,843
27,416   845 26,571
2,324   69 2,255
26,259   19,389 6,870
18,339   3,001 15,338
28,413   14,893 13,520
29,059   3,069 25,990
31,610   3,274 28,336
4,873   2,362 2,511
3,139   4,377 -1,238
1,851   1,866 -15
20,465   6,983 13,482
3,583   2,867 716
39,411   17,359 22,052
11,176   11,440 -264
19,421   18,750 671
15,946   14,523 1,423
11,583   11,796 -213
166,512   160,628 5,884
25,095   25,723 -628
4,944   4,555 389
9,505   7,239 2,266
63,369   20,336 43,033
7,601   7,658 -57
4,781   4,532 249
55,462   34,724 20,738
10,072   5,170 4,902
1,135   1,115 20
929   470 459
35,502   28,345 7,157
9,615   6,346 3,269
4,121   1,889 2,232
8,545   6,094 2,451
11,729   11,344 385
10,264   11,870 -1,606
17,881   16,570 1,311
21,019   22,200 -1,181
10,871   9,528 1,343
13,652   11,070 2,582
19,961   20,574 -613
14,404   12,139 2,265
33,344   20,454 12,890
1,583   1,499 84
14,293   13,757 536
21,357   12,705 8,652
7,445   6,941 504
17,114   16,045 1,069
40,518   28,350 12,168
4,248   3,754 494
16,942   10,973 5,969
4,683   4,772 -89
7,946   9,186 -1,240
21,320   16,081 5,239
2,678   2,863 -185
16,864   11,444 5,420
10,832   10,382 450
21,411   18,015 3,396
14,255   15,686 -1,431
2,642   2,577 65
17,321   16,146 1,175
6,962   7,592 -630
17,650   18,937 -1,287
14,732   20,938 -6,206
11,027   9,726 1,301
861   984 -123
17,219   23,249 -6,030
4,853   5,314 -461
29,217   28,120 1,097
53,565   52,017 1,548
108,785   93,238 15,547
16,668   13,476 3,192
1,132   1,103 29
10,008   7,449 2,559
10,069   9,157 912
10,653   7,054 3,599
26,363   28,883 -2,520
33,488   4,286 29,202
15,472   13,577 1,895
3,922   3,935 -13
2,307   2,386 -79
6,754   3,010 3,744
10,941   9,539 1,402
25,301   10,560 14,741
6,476   1,843 4,633
46,154   43,040 3,114
10,740   9,900 840
3,635   4,407 -772
15,172   18,418 -3,246
14,835   18,162 -3,327
2,597   2,716 -119
29,172   30,504 -1,332
25,600   22,048 3,552
3,780   3,360 420
7,770   8,253 -483
27,084   24,136 2,948
3,173   2,673 500
30,754   23,816 6,938
6,095   6,383 -288
23,849   14,056 9,793
2,513   2,338 175
5,966   7,871 -1,905
5,570   4,423 1,147
8,045   4,512 3,533
8,855   6,259 2,596
11,270   4,100 7,170
5,846   5,689 157
18,777   16,860 1,917
27,036   21,625 5,411
18,957   14,818 4,139
1,669   1,207 462
4,017   3,533 484
709   480 229
2,679   1,760 919
8,222   4,890 3,332
3,604   3,228 376
711   819 -108
14,212   7,630 6,582
31,699   34,728 -3,029
2,124   1,966 158
28,703   33,646 -4,943
17,295   21,768 -4,473
35,179   35,832 -653
11,451   11,439 12
2,871   2,945 -74
59,803   23,610 36,193
18,279   17,590 689
59,372   63,039 -3,667
12,031   11,045 986
29,264   20,174 9,090
11,594   16,210 -4,616
22,519   31,241 -8,722
26,446   33,626 -7,180
31,978   35,679 -3,701
14,452   10,150 4,302
32,425   20,948 11,477
910   890 20
4,525   2,560 1,965
19,240   9,604 9,636
5,338   5,271 67
15,760   15,372 388
28,996   25,427 3,569
2,142   1,955 187
487   359 128
1,339   934 405
5,659   4,290 1,369
9,973   10,978 -1,005
1,534   1,500 34
15,347   15,001 346
9,898   6,666 3,232
8,744   8,266 478
623   118 505
4,242   4,192 50
2,386   2,059 327
21,474   7,537 13,937
6,592   6,312 280
18,836   15,223 3,613
2,444   3,081 -637
18,716   18,992 -276
4,007   2,475 1,532
26,003   21,629 4,374
9,751   5,198 4,553
26,231   12,872 13,359
9,848   9,895 -47
1,576   1,819 -243
18,906   18,092 814
7,475   5,213 2,262
57,372   40,182 17,190
10,229   6,759 3,470
13,344   13,773 -429
7,115   1,726 5,389
1,949   1,800 149
3,248   784 2,464
44,683   34,220 10,463
3,729   2,754 975
7,339   5,507 1,832
13,454   3,400 10,054
25,305   22,021 3,284
15,278   7,684 7,594
2,728   2,621 107
27,741   32,829 -5,088
3,083   2,961 122
10,876   9,613 1,263
12,713   1,515 11,198
14,414   1,465 12,949
28,410   25,648 2,762
30,739   20,305 10,434
12,129   9,007 3,122
2,868   2,935 -67
4,877   4,291 586
30,792   35,711 -4,919
11,733   11,842 -109
17,209   27,570 -10,361
9,837   8,367 1,470
320   332 -12
9,163   9,365 -202
1,002   1,047 -45
26,714   18,136 8,578
31,842   35,689 -3,847
519,711   448,574 71,137
2,861   2,645 216
784   817 -33
2,824   2,130 694
1,425   1,345 80
158   116 42
499   480 19
21,607   14,824 6,783
2,541   2,377 164
14,084   10,665 3,419
38,900   20,439 18,461
27,719   19,033 8,686
31,750   12,740 19,010
6,118   2,289 3,829
6,133   6,689 -556
9,542   8,974 568
17,220   13,403 3,817
7,974   5,208 2,766
517   497 20
1,550   1,031 519
1,585   1,011 574
4,000   3,705 295
6,153   4,578 1,575
18,091   10,561 7,530
1,558   1,421 137
1,502   1,587 -85
1,114   1,211 -97
3,161   2,423 738
19,542   8,657 10,885
20,844   9,121 11,723
4,087   4,182 -95
16,900   17,252 -352
829   784 45
16,669   12,715 3,954
2,819   2,440 379
13,934   7,304 6,630
17,516   18,011 -495
28,076   18,486 9,590
470   503 -33
635   635  
14,460   11,094 3,366
25,018   22,267 2,751
34,400   25,047 9,353
3,378   3,085 293
18,142   19,339 -1,197
21,428   22,022 -594
2,219   1,951 268
10,936   8,404 2,532
2,274   2,571 -297
2,440   2,420 20
5,545   4,841 704
25,006   17,881 7,125
12,138   11,453 685
42,713   23,872 18,841
14,804   19,018 -4,214
10,262   9,663 599
4,694   7,201 -2,507
10,570   12,241 -1,671
2,602   3,105 -503
22,847   23,694 -847
8,234   9,382 -1,148
7,722   9,172 -1,450
2,433   2,504 -71
16,006   14,898 1,108
5,131   7,096 -1,965
11,334   13,745 -2,411
8,134   9,102 -968
11,963   11,293 670
1,826   1,614 212
183,120   181,390 1,730
56,981   55,605 1,376
16,683   16,256 427
7,342   7,204 138
49,352   44,598 4,754
13,072   15,332 -2,260
36,507   42,819 -6,312
26,820   31,687 -4,867
54,893   52,787 2,106
82,454   75,337 7,117
4,774   4,074 700
53,861   45,384 8,477
185   185  
6,004   6,023 -19
6,001   5,759 242
535   556 -21
20,707   20,619 88
70,420   71,422 -1,002
6,814   7,005 -191
232,451   225,192 7,259
17,734   14,985 2,749
6,821   6,693 128
40,619   32,627 7,992
6,130   7,138 -1,008
2,705   2,908 -203
11,258   7,900 3,358
19,063   3,236 15,827
27,537   3,899 23,638
6,447   6,005 442
1,106   929 177
2,948   846 2,102
11,803   1,634 10,169
7,546   365 7,181
17,219   862 16,357
19,215   16,270 2,945
27,723   24,455 3,268
773   759 14
16,911   5,511 11,400
4,819   4,970 -151
1,786   1,460 326
10,685   12,528 -1,843
28,524   20,425 8,099
6,245   3,177 3,068
43,593   19,846 23,747
15,598   22,358 -6,760
2,120   2,039 81
26,098   12,927 13,171
7,938   7,541 397
38,220   18,505 19,715
3,513   2,470 1,043
1,416   681 735
17,588   21,041 -3,453
11,670   18,061 -6,391
2,221   2,568 -347
14,349   15,044 -695
43,761   42,457 1,304
7,648   3,190 4,458
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
      179,727
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       -1,163
b       1,107
c       -460
d       -4,060
e       -2,423
      2,402
      4,203
      -913
      3,792
      -250
      3,122
      611
      41
      -88
      27
      5,973
      10,843
      26,571
      2,255
      6,870
      15,338
      13,520
      25,990
      28,336
      2,511
      -1,238
      -15
      13,482
      716
      22,052
      -264
      671
      1,423
      -213
      5,884
      -628
      389
      2,266
      43,033
      -57
      249
      20,738
      4,902
      20
      459
      7,157
      3,269
      2,232
      2,451
      385
      -1,606
      1,311
      -1,181
      1,343
      2,582
      -613
      2,265
      12,890
      84
      536
      8,652
      504
      1,069
      12,168
      494
      5,969
      -89
      -1,240
      5,239
      -185
      5,420
      450
      3,396
      -1,431
      65
      1,175
      -630
      -1,287
      -6,206
      1,301
      -123
      -6,030
      -461
      1,097
      1,548
      15,547
      3,192
      29
      2,559
      912
      3,599
      -2,520
      29,202
      1,895
      -13
      -79
      3,744
      1,402
      14,741
      4,633
      3,114
      840
      -772
      -3,246
      -3,327
      -119
      -1,332
      3,552
      420
      -483
      2,948
      500
      6,938
      -288
      9,793
      175
      -1,905
      1,147
      3,533
      2,596
      7,170
      157
      1,917
      5,411
      4,139
      462
      484
      229
      919
      3,332
      376
      -108
      6,582
      -3,029
      158
      -4,943
      -4,473
      -653
      12
      -74
      36,193
      689
      -3,667
      986
      9,090
      -4,616
      -8,722
      -7,180
      -3,701
      4,302
      11,477
      20
      1,965
      9,636
      67
      388
      3,569
      187
      128
      405
      1,369
      -1,005
      34
      346
      3,232
      478
      505
      50
      327
      13,937
      280
      3,613
      -637
      -276
      1,532
      4,374
      4,553
      13,359
      -47
      -243
      814
      2,262
      17,190
      3,470
      -429
      5,389
      149
      2,464
      10,463
      975
      1,832
      10,054
      3,284
      7,594
      107
      -5,088
      122
      1,263
      11,198
      12,949
      2,762
      10,434
      3,122
      -67
      586
      -4,919
      -109
      -10,361
      1,470
      -12
      -202
      -45
      8,578
      -3,847
      71,137
      216
      -33
      694
      80
      42
      19
      6,783
      164
      3,419
      18,461
      8,686
      19,010
      3,829
      -556
      568
      3,817
      2,766
      20
      519
      574
      295
      1,575
      7,530
      137
      -85
      -97
      738
      10,885
      11,723
      -95
      -352
      45
      3,954
      379
      6,630
      -495
      9,590
      -33
       
      3,366
      2,751
      9,353
      293
      -1,197
      -594
      268
      2,532
      -297
      20
      704
      7,125
      685
      18,841
      -4,214
      599
      -2,507
      -1,671
      -503
      -847
      -1,148
      -1,450
      -71
      1,108
      -1,965
      -2,411
      -968
      670
      212
      1,730
      1,376
      427
      138
      4,754
      -2,260
      -6,312
      -4,867
      2,106
      7,117
      700
      8,477
       
      -19
      242
      -21
      88
      -1,002
      -191
      7,259
      2,749
      128
      7,992
      -1,008
      -203
      3,358
      15,827
      23,638
      442
      177
      2,102
      10,169
      7,181
      16,357
      2,945
      3,268
      14
      11,400
      -151
      326
      -1,843
      8,099
      3,068
      23,747
      -6,760
      81
      13,171
      397
      19,715
      1,043
      735
      -3,453
      -6,391
      -347
      -695
      1,304
      4,458
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,220,915
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 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 22,098
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 22,098
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 22,098
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 20,108
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,108
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 48
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 2,038
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
HI
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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
 
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 address  
14
The books are in care ofBANK OF HAWAII Telephone no. (808) 694-4399

Located atPO BOX 3170 DEPT 715HONOLULUHI ZIP+4968023170
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WILLIAM H KING PRESIDENT/ DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
SHEILA KING HIXON VICE PRESIDENT / DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
CHARLES G KING SECRETARY / DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
SHERRY KING NEITHAMMER TREASURER / DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
DYLAN HIXON DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
WILLIAM GARFIELD KING DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
HENRY RICE DIRECTOR
1
0    
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BANK OF HAWAII INVESTMENT ADVISOR 176,006
PO BOX 3170 DEPT 715
HONOLULU,HI968023170
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
25,138,749
b
Average of monthly cash balances.......................
1b
217,872
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
25,356,621
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
25,356,621
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
380,349
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
24,976,272
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,248,814
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,248,814
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
22,098
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,098
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,226,716
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,226,716
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,226,716
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, line 26, column (d) ..........
1a
1,052,472
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
1,052,472
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2024
(c)
2024
(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,226,716
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 982,533
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,052,472
a Applied to 2024, but not more than line 2a 982,533
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 2025 distributable amount..... 69,939
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 ..........
1,156,777
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 2020 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

FEED MY SHEEP

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

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

KOHALA CENTER

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

KEAWALAI CONGREGATIONAL CHURCH

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

MAUI FOODBANK

760 KOLU STREET
WAILUKU,HI96793
NONE   UNRESTRICTED GIFT 125,000

HAWAII CANINES FOR INDEPENDENCE

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

MENTAL HEALTH ASSOCIATION IN HI

200 N VINEYARD BLVD STE A200
HONOLULU,HI96817
NONE   UNRESTRICTED GIFT 25,000

MENTAL HEALTH ASSOCIATION -
MAUI DIVISION
200 N VINEYARD BLVD STE A200
HONOLULU,HI96817
NONE   UNRESTRICTED GIFT 25,000

HAWAII ST JUNIOR GOLF

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

MAUI YOUTH RODEO ORGANIZATION

PO BOX 119
KULA,HI96790
NONE   UNRESTRICTED GIFT 25,000

MAUI HUMANE SOCIETY

PO BOX 1047
PUUNENE,HI96784
NONE   UNRESTRICTED GIFT 30,000

HALEAKALA CONSERVANCY

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

PROJECT VISION HAWAII

810 N VINEYARD BLVD
HONOLULU,HI96817
NONE   UNRESTRICTED GIFT 50,000

MAUI FARMS

PO BOX 1776
MAKAWAO,HI96768
NONE   UNRESTRICTED GIFT 30,000

MAUI HEALTH FOUNDATION

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

LAHAINA RESTORATION FOUNDATION

648 WARD STREET
LAHAINA,HI96761
NONE   PROTECTING & REBUILDING 100,000

HUI NO'EAU VISUAL ARTS CENTER

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

ALOHA ILIO RESCUE

PO BOX 492364
KEAAU,HI96749
NONE   UNRESTRICTED GIFT 10,000

PIHANA KA IKENA

6512 AHELE DRIVE
KAPAA,HI96746
NONE   UNRESTRICTED GIFT 50,000

A CUP OF COLD WATER

2140 MAIN STREET
WAILUKU,HI96793
NONE   UNRESTRICTED GIFT 10,000

WILCOX MEMORIAL HOSPITAL
EMERGENCY SERVICES
55 MERCHANT STREET FL 24
HONOLULU,HI968134333
NONE   UNRESTRICTED GIFT 50,000

ISLAND SCHOOL

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

IMUA FAMILY SERVICES

161 S WAKEA AVE
KAHULUI,HI96732
NONE   UNRESTRICTED GIVE 50,000

HAWAII FOODBANK KAUAI

PO BOX 1671
LIHUE,HI96766
NONE   UNRESTRICTED GIFT 30,000

KAPIOLANI HEALTH FOUNDATION

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

BOYS AND GIRLS CLUB OF MAUI

100 KANALOA AVENUE
KAHULUI,HI96832
NONE   UNRESTRICTED GIFT 75,000

PAIA YOUTH AND CULTURAL CENTER

PO BOX 790999
PAIA,HI96779
NONE   UNRESTRICTED GIFT 25,000
Total ................................. 3a 1,050,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 561,640  
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 1,220,915  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSECTION 897 CAPITA
    1 73  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,782,628  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,782,628
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
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

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

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

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

527 political organization


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

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

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

$ 1,485,465


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

$  


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

$  


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

$  


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

$  


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

$  


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

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

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


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 2,466     2,466

TY 2025 InvestmentsOtherSchedule2
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SEE ATTACHED STATEMENT AT COST 18,895,926 28,131,708

TY 2025 OtherDecreasesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Amount
WASH SALE ADJUSTMENT 3,745
MUTUAL FUND TIMING DIFFERENCE 1,288


TY 2025 OtherExpensesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI 6 0   6
OTHER EXPENSE (NON-DEDUCTIBLE 50 50   0


TY 2025 OtherIncomeSchedule2
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SECTION 897 CAPITAL GAIN 73 73  


TY 2025 OtherProfessionalFeesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 176,006 176,006    


TY 2025 SubstantialContributorsSch
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Name Address
KING CHARITABLE LEAD TRUST PO BOX 3170 DEPT 715
HONOLULU,HI968023170


TY 2025 TaxesSchedule
Name:
GARMAR FOUNDATION
EIN:
94-3276214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 713 713   0
FEDERAL TAX PAYMENT - PRIOR YE 13,199 0   0
FEDERAL ESTIMATES - INCOME 20,108 0   0
FOREIGN TAXES ON QUALIFIED FOR 12,308 12,308   0
FOREIGN TAXES ON NONQUALIFIED 3,772 3,772   0