TY 2025 Form 990PF

- TIN:

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
THE VICTORIA S AND BRADLEY L GEIST 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

99-0163400

B Telephone number (see instructions)

8086944399

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$57,770,167J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,220,545		1,200,172
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,334,592
b	Gross sales price for all assets on line 6a 15,755,093
7	Capital gain net income (from Part IV, line 2)...			3,334,592
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).......	List of Attached Documents: // Content	97	97
12	Total. Add lines 1 through 11........	4,555,234		4,534,861
13	Compensation of officers, directors, trustees, etc.	229,338		114,669		114,669
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).......	List of Attached Documents: // Content	3,640	0	0	3,640
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	89,719	89,719		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	77,169	32,294		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).......	List of Attached Documents: // Content	163,108	108		163,000
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	562,974		236,790	0	281,309
25	Contributions, gifts, grants paid.......	3,226,691				3,226,691
26	Total expenses and disbursements. Add lines 24 and 25 ................	3,789,665		236,790	0	3,508,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	765,569
b	Net investment income (if negative, enter -0-)			4,298,071
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	-1,087,545	3,223	3,223
	2	Savings and temporary cash investments.........	2,589,467	1,457,292	1,457,292
	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)..........	35,538,309	List of Attached Documents: // Content 36,447,205	56,309,652
	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)	37,040,231	37,907,720	57,770,167
	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
		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........	37,040,231	37,907,720
	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).....	37,040,231	37,907,720
	30	Total liabilities and net assets/fund balances (see instructions).	37,040,231	37,907,720

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

37,040,231

Enter amount from Part I, line 27a .....................

765,569

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

102,276

Add lines 1, 2, and 3 ..........................

37,908,076

Decreases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

356

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

37,907,720

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	87. ABBVIE INC		2025-04-24	2025-08-20
b	175. ABBVIE INC		2025-04-24	2025-12-03
c	9. ADOBE SYSTEMS INC		2024-07-02	2025-04-22
d	61. ADOBE SYSTEMS INC		2023-07-05	2025-04-22
e	302. AIR PRODUCTS & CHEMICAL INC		2024-03-06	2025-04-24
	84. ALPHABET INC CL A		2024-12-12	2025-04-24
	314. ALPHABET INC CL A		2009-04-09	2025-04-24
	195. AMAZON.COM INC		2021-02-19	2025-04-24
	25. AMAZON.COM INC		2025-12-03	2025-12-17
	139. AMERICAN INTL GROUP		2025-04-24	2025-12-17
	160000. AMERICAN INTL GROUP SR UNSECURED 4.25% 0		2023-05-24	2025-08-21
	422. APPLE COMPUTER		2010-12-02	2025-04-24
	170000. APPLE INC SR UNSECURED 3% 06/20/2027-202		2021-03-02	2025-04-15
	16. APPLOVIN CORP-CLASS A		2025-04-24	2025-08-20
	61. APPLOVIN CORP-CLASS A		2025-04-24	2025-12-03
	286. APPLOVIN CORP-CLASS A		2024-08-12	2025-12-03
	157. ASTERA LABS INC		2024-08-12	2025-01-16
	46. ASTERA LABS INC		2025-04-24	2025-08-20
	9. AUTOZONE INC		2021-04-22	2025-01-16
	15. AUTOZONE INC		2021-06-22	2025-04-24
	157. BJ'S WHOLESALE CLUB HOLDINGS		2025-04-24	2025-08-20
	466.015 ISHARES S&P 500 INDEX FUND		2025-04-24	2025-08-20
	92.414 ISHARES S&P 500 INDEX FUND		2025-04-24	2025-12-03
	145.07 ISHARES S&P 500 INDEX FUND		2016-03-24	2025-12-03
	1405. BAXTER INTL INC		2024-12-12	2025-04-22
	13. BERKSHIRE HATHAWAY INC CL B		2024-07-02	2025-04-24
	294. BERKSHIRE HATHAWAY INC CL B		2023-07-05	2025-04-24
	129. BIONTECH SE-ADR		2024-12-12	2025-04-24
	58. BLACKROCK FUNDING INC		2023-03-31	2025-04-24
	11. BLACKROCK FUNDING INC		2025-12-03	2025-12-17
	31. BLACKROCK FUNDING INC		2023-03-31	2025-12-17
	35000. BORGWARNER INC SR UNSECURED 2.65% 07/01/		2020-06-16	2025-04-15
	139. BOSTON SCIENTIFIC CORP		2023-03-31	2025-04-24
	433. BROADCOM INC		2025-04-24	2025-08-20
	110. BROADCOM INC		2024-08-12	2025-08-20
	64. BURLINGTON STORES INC.		2024-01-03	2025-01-16
	106. BURLINGTON STORES INC.		2025-04-24	2025-07-15
	84. CADENCE DESIGN SYSTEMS INC		2024-08-12	2025-06-23
	44. CADENCE DESIGN SYSTEMS INC		2024-03-06	2025-06-23
	700. CAMECO CORPORATION		2024-12-12	2025-04-24
	115. CAPITAL ONE FINANCIAL CORP		2025-04-24	2025-12-03
	305. CARDINAL HEALTH, INC. COMMON		2025-04-24	2025-08-20
	319. CARRIER GLOBAL CORP		2024-07-02	2025-04-24
	1190. CARRIER GLOBAL CORP		2023-03-31	2025-04-24
	402. CHEVRONTEXACO CORP		2024-03-06	2025-04-24
	234. CISCO SYSTEMS		2024-12-12	2025-08-20
	318. CITIGROUP INC		2025-04-24	2025-12-03
	182. CLOUDFLARE INC CLASS A		2025-04-24	2025-08-20
	180. COCA COLA CO		2025-04-24	2025-12-03
	315. COHERENT CORP		2025-08-20	2025-09-24
	119. CONSTELLATION ENERGY		2025-08-20	2025-12-03
	2015. CORE SCIENTIFIC INC		2024-12-12	2025-08-20
	704. DELTA AIR LINES INC		2024-12-12	2025-04-24
	469. DELTA AIR LINES INC		2024-12-12	2025-07-15
	367. DIAGEO PLC - SPONSORED ADR		2024-03-06	2025-04-22
	694. DISNEY WALT CO		2023-07-05	2025-04-24
	150000. DISNEY WALT CO SR UNSECURED 3.8% 03/22/2		2023-04-06	2025-12-11
	872.832 DODGE & COX INTERNATIONAL STOCK FUND CLA		2025-01-16	2025-04-24
	6256.666 DODGE & COX INTERNATIONAL STOCK FUND CLA		2024-03-06	2025-04-24
	240.794 DODGE & COX INTERNATIONAL STOCK FUND CLA		2015-09-28	2025-08-20
	1124.381 DODGE & COX INTERNATIONAL STOCK FUND CLA		2015-09-28	2025-12-03
	1200.317 DODGE & COX INTERNATIONAL STOCK FUND CLA		2015-09-28	2025-12-17
	93. DRAFTKINGS INC CL A		2024-07-02	2025-01-16
	382. DRAFTKINGS INC CL A		2023-07-05	2025-01-16
	85000. DUKE ENERGY FLORIDA LLC SECURED 3.2% 01/		2017-11-28	2025-08-21
	607. EASTMAN CHEM CO.		2025-04-24	2025-07-15
	1280. EMBRAER SA ADR		2021-04-22	2025-04-24
	135000. ENTERGY LOUISIANA LLC SECURED 4.95% 01/1		2021-04-29	2025-08-07
	50000. ENTERGY TEXAS INC SECURED 5.15% 06/01/20		2015-06-11	2025-08-07
	39. EQUINIX INC		2024-07-24	2025-01-16
	27. EXXON MOBIL CORP		2025-04-24	2025-12-03
	44. EXXON MOBIL CORP		2024-07-02	2025-12-03
	21. META PLATFORMS INC CL A		2024-01-03	2025-01-16
	34. META PLATFORMS INC CL A		2025-04-24	2025-08-20
	41. META PLATFORMS INC CL A		2024-01-03	2025-08-20
	150000. FEDERAL FARM CREDIT BANK UNSECURED .7% 0		2020-06-30	2025-06-30
	100000. FEDERAL NATIONAL MTGE ASSOC UNSECURED 1.		2020-08-25	2025-01-07
	823.9 FEDERATED HERMES MDT MID CAP GROWTH FUND		2024-12-23	2025-08-20
	3609.4 FEDEX 2020-1 CLASS AA 1.875% 02/20/2034		2021-04-22	2025-02-20
	3609.4 FEDEX 2020-1 CLASS AA 1.875% 02/20/2034		2021-04-22	2025-08-20
	729. FIRSTENERGY CORP		2024-12-12	2025-04-24
	1608. FIRSTENERGY CORP		2023-03-31	2025-04-24
	371. GFL ENVIRONMENTAL INC SUB VT		2024-12-12	2025-08-20
	1383. GFL ENVIRONMENTAL INC SUB VT		2024-08-12	2025-08-20
	858. GFL ENVIRONMENTAL INC SUB VT		2023-03-31	2025-12-03
	20. GENERAL DYNAMICS CORP		2024-12-12	2025-01-16
	105. GENERAL DYNAMICS CORP		2022-03-07	2025-01-16
	91. GENERAL DYNAMICS CORP		2021-06-22	2025-04-24
	100. GLAUKOS CORP		2025-01-16	2025-06-23
	18. GOLDMAN SACHS GROUP INC		2024-03-06	2025-04-24
	59. GOLDMAN SACHS GROUP INC		2022-03-07	2025-08-20
	6517.885 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN		2025-01-16	2025-04-24
	3978.371 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN		2023-07-05	2025-04-24
	3473.28 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN		2022-07-18	2025-08-20
	1107.492 GOLDMAN SACHS INTERNATIONAL SMALL CAP IN		2022-07-18	2025-12-03
	41. HEICO CORP CL A		2025-04-24	2025-08-20
	16. HEICO CORP CL A		2024-07-02	2025-08-20
	103. HEICO CORP CL A		2024-01-03	2025-12-03
	29. HILTON WORLDWIDE HOLDINGS INC.		2025-08-20	2025-12-03
	89. HOME DEPOT INC		2022-07-18	2025-04-24
	284. HONEYWELL INTERNATIONAL INC		2024-12-12	2025-04-24
	2382. INTEL CORP		2024-12-12	2025-04-22
	50000. INTERCONTINENTAL EXCHANGE SR UNSECURED 3.75% 12/01/2025-2025		2016-10-25	2025-12-01
	175000. INTERSTATE POWER & LIGHT SR UNSECURED 3.		2021-04-23	2025-08-07
	50. INTUITIVE SURGICAL INS		2025-04-24	2025-08-20
	40. INTUITIVE SURGICAL INS		2025-04-24	2025-09-24
	461. ISHARES RUSSELL MIDCAP GROWTH INDEX FUND		2024-12-12	2025-08-20
	146. ISHARES RUSSELL MIDCAP GROWTH INDEX FUND		2025-12-03	2025-12-17
	593. JP MORGAN CHASE & CO		2012-06-06	2025-04-24
	2287.271 JOHN HANCOCK III DISC M/C-IS		2025-01-16	2025-08-20
	2904.665 JOHN HANCOCK III DISC M/C-IS		2025-12-03	2025-12-17
	486. JOHNSON & JOHNSON		1992-02-23	2025-04-24
	964.357 JPMORGAN EMERG MRKT EQ-I		2024-12-12	2025-04-24
	375.779 JPMORGAN EMERG MRKT EQ-I		2024-03-06	2025-04-24
	852.682 JPMORGAN EMERG MRKT EQ-I		2022-03-07	2025-08-20
	2525.112 JPMORGAN EMERG MRKT EQ-I		2022-03-07	2025-12-03
	50000. KAUAI CNTY HI BUILD AMERICA BONDS-TAXABLE 5.393% 08/01/2026-202		2013-06-07	2025-01-03
	265000. KIMBERLY CLARK CORP SR UNSECURED 1.05% 0		2021-04-27	2025-04-16
	574. KINDER MORGAN INC		2024-07-02	2025-04-24
	2854. KINDER MORGAN INC		2023-07-05	2025-04-24
	244. PHILIPS ELECTRONICS NY SHR		2023-03-31	2025-01-16
	1842. PHILIPS ELECTRONICS NY SHR		2023-03-31	2025-04-24
	3482.447 LAZARD EMERGING MKTS EQUITY PORT INSTL		2024-12-12	2025-08-20
	3075.888 LAZARD EMERGING MKTS EQUITY PORT INSTL		2024-12-12	2025-12-03
	222. LIBERTY MEDIA CORP - LIB NEW C		2023-03-31	2025-12-03
	44. LILLY ELI & CO		2024-01-03	2025-08-20
	100000. LINCOLN NATL CORP SR UNSECURED 7% 06/15/		2019-03-18	2025-08-07
	46. MARTIN MARIETTA MATERIALS		2023-03-31	2025-01-16
	44. MARTIN MARIETTA MATERIALS		2025-12-03	2025-12-17
	200000. MCCORMICK & CO INC SR UNSECURED .9% 02/1		2021-04-27	2025-04-16
	36. MCKESSON HBOC INC		2021-06-22	2025-01-16
	3. MERCADOLIBRE INC		2025-04-24	2025-08-20
	18. MERCADOLIBRE INC		2023-03-31	2025-08-20
	389. MERCK & CO INC		2023-03-31	2025-01-16
	52. MERCK & CO INC		2012-01-27	2025-04-24
	263. METHANEX CORP		2023-03-31	2025-01-16
	967. METHANEX CORP		2023-07-05	2025-04-22
	138. MICROSOFT CORP		2022-12-13	2025-01-16
	139. MICROSOFT CORP		2025-04-24	2025-08-20
	100000. MIDAMERICAN ENERGY CO SECURED 4.4% 10/15		2019-07-22	2025-08-07
	136. MOLINA HEALTHCARE INC		2023-07-05	2025-04-22
	717. NRG ENERGY INC		2025-04-24	2025-08-20
	352. NRG ENERGY INC		2025-04-24	2025-12-03
	138. NATERA INC		2022-12-13	2025-08-20
	125. NATERA INC		2022-12-13	2025-12-17
	40. NETFLIX INC		2024-12-12	2025-04-24
	13. NETFLIX INC		2024-12-12	2025-08-20
	33. NETFLIX INC		2022-12-13	2025-08-20
	111. NETFLIX INC		2022-12-13	2025-12-17
	634. NEWMONT MINING CORP		2025-01-16	2025-04-24
	1086. NEWMONT MINING CORP		2015-11-10	2025-04-24
	70. NEXTERA ENERGY INC		2025-08-20	2025-12-17
	815. NIKE INC CL B		2024-08-12	2025-04-22
	202. NVIDIA CORP		2025-04-24	2025-08-20
	405. NVIDIA CORP		2022-12-13	2025-08-20
	39. NVIDIA CORP		2022-12-13	2025-12-03
	242. ORACLE		2025-04-24	2025-08-20
	114. ORACLE		2025-04-24	2025-12-03
	6578.95 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.47% 09/15/2025		2018-10-29	2025-03-18
	6578.95 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.47% 09/15/2025		2018-10-29	2025-06-16
	6578.9 OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.47% 09/15/2025		2018-10-29	2025-09-15
	6500. OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.57% 09/15/2026-2		2018-11-27	2025-03-18
	6500. OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.57% 09/15/2026-2		2018-11-27	2025-06-16
	6500. OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.57% 09/15/2026-2		2018-11-27	2025-09-15
	6500. OVERSEAS PRIVATE INV CORP SR UNSECURED FLT RT 4.57% 09/15/2026-2		2018-11-27	2025-12-15
	40000. PACIFICORP SECURED 6% 01/15/2039		2020-06-26	2025-08-07
	85. PAYPAL HOLDINGS INC.		2025-01-16	2025-04-24
	1009. PAYPAL HOLDINGS INC.		2023-07-05	2025-04-24
	55000. PEPSICO INC SR UNSECURED 2.75% 04/30/202		2016-06-23	2025-04-30
	1493. PFIZER INC		2023-07-05	2025-04-22
	35000. PFIZER INC SR UNSECURED 3.6% 09/15/2028-		2020-03-12	2025-09-03
	36. PHILIP MORRIS INTERNATIONAL		2025-08-20	2025-12-17
	940. PINTEREST INC CLASS A		2025-08-20	2025-12-03
	60000. PRIVATE EXPORT FUNDING SECURED 3.25% 06/		2016-06-09	2025-06-16
	237. PROCTER & GAMBLE CO		2023-03-31	2025-01-16
	114. PROCTER & GAMBLE CO		2006-07-25	2025-04-24
	30047.511 BECKER CONGRESS MID CAP GROWTH-INS		2014-02-20	2025-04-24
	64. QUALCOMM INC		2023-07-05	2025-04-24
	71. QUALCOMM INC		2006-05-05	2025-12-17
	312. QUEST DIAGNOSTICS INC COMMON		2020-05-26	2025-04-24
	43. RTX CORPORATION		2023-03-31	2025-01-16
	835. RTX CORPORATION		2024-03-06	2025-04-24
	1809. ROBINHOOD MARKETS INC A		2025-04-24	2025-08-20
	381. ROBINHOOD MARKETS INC A		2025-01-16	2025-12-03
	230. ROBLOX CORP CLASS A		2025-08-20	2025-12-03
	346. ROBLOX CORP CLASS A		2025-08-20	2025-12-17
	597. SHELL PLC NPV ADR		2021-04-22	2025-04-24
	24. S&P GLOBAL INC		2018-11-27	2025-04-24
	16. S&P GLOBAL INC		2018-11-27	2025-08-20
	60. S&P GLOBAL INC		2018-11-27	2025-12-17
	48. SALESFORCE INC		2021-02-19	2025-01-16
	150. SALESFORCE INC		2023-07-05	2025-04-24
	357. SANOFI ADR		2024-01-03	2025-12-03
	54. SAP AG SPONS ADR		2021-04-22	2025-01-16
	305. SAP AG SPONS ADR		2021-04-22	2025-04-24
	70. CHARLES SCHWAB CORP NEW		2023-03-31	2025-01-16
	203. CHARLES SCHWAB CORP NEW		2024-12-12	2025-04-24
	192. CHARLES SCHWAB CORP NEW		2023-03-31	2025-04-24
	164. SEA LTD ADR		2025-04-24	2025-08-20
	301. SEA LTD ADR		2025-04-24	2025-12-03
	33. SERVICENOW INC.		2023-03-31	2025-04-24
	1707.12 SMALL BUS ADMIN SER 2016-20I CL I 2.03%		2016-09-08	2025-03-03
	1353.14 SMALL BUS ADMIN SER 2016-20I CL I 2.03%		2016-09-08	2025-09-02
	1088. SOUTHERN CO		2024-03-06	2025-04-24
	200. SOUTHWEST AIRLINES		2025-08-20	2025-12-03
	315. SOUTHWEST AIRLINES		2025-04-24	2025-12-17
	1095. SYSCO CORP		2024-01-03	2025-04-24
	31. TKO GROUP HOLDINGS INC		2025-04-24	2025-08-20
	108. TKO GROUP HOLDINGS INC		2025-04-24	2025-12-03
	160. TAIWAN SEMICONDUCTOR -SP ADR		2024-12-12	2025-08-20
	41. TAIWAN SEMICONDUCTOR -SP ADR		2024-07-02	2025-08-20
	6. TAIWAN SEMICONDUCTOR -SP ADR		2025-04-24	2025-12-03
	57. TAIWAN SEMICONDUCTOR -SP ADR		2024-08-12	2025-12-03
	96. TALEN ENERGY CORP		2025-08-20	2025-12-03
	80. TALEN ENERGY CORP		2024-12-12	2025-12-17
	300. TELEFLEX INC		2025-01-16	2025-04-22
	194. TESLA INC.		2025-01-16	2025-08-20
	17. THERMO ELECTRON CORP		2025-08-20	2025-12-03
	488. TIMKEN CO		2024-12-12	2025-04-22
	236. TREX COMPANY INC		2024-12-12	2025-01-16
	167. TWILIO INC		2025-08-20	2025-10-15
	898. US BANCORP		2016-03-24	2025-04-24
	471. UNITED AIRLINES HOLDINGS INC		2025-04-24	2025-08-20
	32. UNITED RENTALS INC		2025-12-03	2025-12-17
	105000. US TREASURY NOTES 2.75% 02/28/2025		2018-06-06	2025-02-28
	100000. US TREASURY NOTES 2.125% 05/15/2025		2016-06-23	2025-05-15
	115000. US TREASURY NOTES .75% 05/31/2026		2021-07-28	2025-04-08
	300000. US TREASURY NOTES 4.625% 03/15/2026		2023-04-06	2025-04-08
	400000. US TREASURY NOTES 4.375% 11/30/2028		2024-12-31	2025-04-08
	6640.326 VANGUARD TOTAL INTL ST INDEX FUND-ADM		2025-01-16	2025-04-24
	13391.65 VANGUARD TOTAL INTL ST INDEX FUND-ADM		2024-03-06	2025-04-24
	535.728 VANGUARD TOTAL INTL ST INDEX FUND-ADM		2014-04-29	2025-08-20
	1124.923 VANGUARD TOTAL INTL ST INDEX FUND-ADM		2014-04-29	2025-12-03
	2723.562 VANGUARD TOTAL INTL ST INDEX FUND-ADM		2014-04-29	2025-12-17
	8720. VANGUARD FTSE DEVELOPED ETF		2024-03-06	2025-04-24
	728. VANGUARD FTSE DEVELOPED ETF		2024-03-06	2025-12-03
	2655. VANGUARD FTSE DEVELOPED ETF		2024-03-06	2025-12-17
	177. VANGUARD FTSE EMERGING MARKETS ETF		2024-03-06	2025-08-20
	6265. VANGUARD MORTGAGE BACKED SEC ETF		2023-06-28	2025-04-24
	1285. VANGUARD MORTGAGE BACKED SEC ETF		2025-12-03	2025-12-17
	3985. VANGUARD MORTGAGE BACKED SEC ETF		2023-06-28	2025-12-17
	3387.015 VANGUARD TOTL STK MKT IND-AD		2025-04-24	2025-08-20
	978.593 VANGUARD TOTL STK MKT IND-AD		2025-04-24	2025-12-03
	467.921 VANGUARD TOTL STK MKT IND-AD		2014-06-30	2025-12-03
	1029.445 VANGUARD TOTL STK MKT IND-AD		2014-06-30	2025-12-17
	1071. VERIZON COMMUNICATIONS		2023-07-05	2025-01-16
	127. VERIZON COMMUNICATIONS		2024-12-12	2025-04-24
	998. VERIZON COMMUNICATIONS		2023-07-05	2025-04-24
	417. VERTIV HOLDINGS CO		2025-04-24	2025-08-20
	131. VERTIV HOLDINGS CO		2023-07-05	2025-08-20
	524. VERTIV HOLDINGS CO		2023-07-05	2025-12-03
	132. VISA INC CL A SHARES		2011-02-14	2025-08-20
	142. VISA INC CL A SHARES		2011-02-14	2025-12-03
	340. VISTRA ENERGY CORP		2025-04-24	2025-08-20
	223. WAL-MART STORES INC		2024-07-02	2025-01-16
	418. WAL-MART STORES INC		2012-06-06	2025-01-16
	106. WAL-MART STORES INC		2025-08-20	2025-12-03
	2854. WARNER BROS DISCOVERY INC		2022-06-28	2025-04-24
	273. WESTERN DIGITAL CORP		2025-08-20	2025-12-03
	342. EATON CORP PLC		2021-04-22	2025-04-24
	2291. JAMES HARDIE IND PLC		2025-08-20	2025-12-03
	196. SEAGATE TECHNOLOGY HOLDINGS		2025-04-24	2025-12-03
	62. SEAGATE TECHNOLOGY HOLDINGS		2025-04-24	2025-12-17
	306. CHUBB LTD		2020-05-26	2025-04-24
	14. SPOTIFY TECHNOLOGY SA		2025-04-24	2025-12-17
	7. SPOTIFY TECHNOLOGY SA		2024-08-12	2025-12-17
	1411. GLOBAL-E ONLINE LTD		2024-12-12	2025-04-24
	41. ASML HOLDING NV NY REG SHS		2024-07-24	2025-08-20
	1493. NEBIUS GROUP NV		2025-01-16	2025-04-24
	285. NEBIUS GROUP NV		2025-12-03	2025-12-17
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	18,127	15,699	2,428
b	40,250	31,578	8,672
c	3,143	5,040	-1,897
d	21,299	29,830	-8,531
e	80,750	69,005	11,745
	13,339	16,326	-2,987
	49,861	2,923	46,938
	36,227	31,947	4,280
	5,596	5,799	-203
	11,864	11,501	363
	158,149	151,986	6,163
	87,703	4,801	82,902
	165,908	187,738	-21,830
	6,482	4,357	2,125
	40,387	16,609	23,778
	189,354	21,665	167,689
	19,688	6,286	13,402
	7,734	2,960	4,774
	28,683	13,398	15,285
	54,095	22,050	32,045
	16,833	17,625	-792
	349,213	302,338	46,875
	74,190	59,362	14,828
	116,462	35,506	80,956
	40,300	48,730	-8,430
	6,908	5,253	1,655
	156,236	26,246	129,990
	15,196	15,640	-444
	52,868	38,877	13,991
	11,820	11,822	-2
	33,312	19,300	14,012
	33,301	34,902	-1,601
	14,082	6,935	7,147
	124,806	88,380	36,426
	31,706	14,818	16,888
	18,446	12,254	6,192
	27,253	23,574	3,679
	24,720	25,324	-604
	12,949	13,858	-909
	30,722	36,971	-6,249
	26,097	21,294	4,803
	46,257	41,391	4,866
	19,245	19,752	-507
	71,792	54,050	17,742
	55,834	40,797	15,037
	15,620	13,875	1,745
	33,759	21,655	12,104
	34,657	21,652	13,005
	12,748	13,062	-314
	34,647	22,525	12,122
	43,133	37,157	5,976
	27,696	32,522	-4,826
	29,567	43,893	-14,326
	27,094	29,241	-2,147
	41,166	52,484	-11,318
	62,271	68,860	-6,589
	148,836	146,994	1,842
	48,154	44,294	3,860
	345,180	233,582	111,598
	15,298	8,697	6,601
	18,912	10,153	8,759
	20,309	10,839	9,470
	3,712	3,455	257
	15,248	9,981	5,267
	83,911	85,414	-1,503
	48,136	48,885	-749
	57,358	14,308	43,050
	121,446	145,903	-24,457
	45,867	49,783	-3,916
	35,723	31,339	4,384
	3,182	2,925	257
	5,185	5,101	84
	12,905	7,244	5,661
	25,281	18,065	7,216
	30,486	14,143	16,343
	150,000	149,888	112
	100,000	105,301	-5,301
	56,206	52,178	4,028
	3,609	3,574	35
	3,609	3,574	35
	30,869	29,565	1,304
	68,089	59,998	8,091
	18,663	16,770	1,893
	69,573	53,974	15,599
	38,456	29,730	8,726
	5,364	5,263	101
	28,159	22,841	5,318
	24,555	15,959	8,596
	9,793	15,694	-5,901
	9,794	6,494	3,300
	42,373	20,769	21,604
	88,774	79,649	9,125
	54,185	43,877	10,308
	55,781	37,268	18,513
	18,816	11,883	6,933
	9,852	8,140	1,712
	3,845	2,458	1,387
	24,861	14,477	10,384
	8,124	7,415	709
	31,929	18,595	13,334
	56,916	64,858	-7,942
	46,257	61,445	-15,188
	50,000	53,958	-3,958
	124,537	184,190	-59,653
	24,018	25,506	-1,488
	18,036	20,405	-2,369
	64,010	62,290	1,720
	20,053	20,204	-151
	145,101	19,390	125,711
	67,314	63,632	3,682
	87,663	83,198	4,465
	75,085	6,028	69,057
	30,281	29,584	697
	11,799	11,253	546
	30,893	25,495	5,398
	104,035	75,501	28,534
	50,418	59,955	-9,537
	245,586	259,043	-13,457
	15,436	11,451	3,985
	76,749	48,170	28,579
	6,276	4,124	2,152
	45,174	31,133	14,041
	76,753	66,654	10,099
	76,590	58,873	17,717
	20,719	16,047	4,672
	30,862	27,049	3,813
	111,712	132,983	-21,271
	24,436	16,224	8,212
	27,053	26,620	433
	193,676	196,034	-2,358
	21,330	6,198	15,132
	7,040	6,569	471
	42,239	23,680	18,559
	39,114	23,577	15,537
	4,130	1,909	2,221
	13,203	12,144	1,059
	27,672	43,428	-15,756
	58,895	33,310	25,585
	70,227	53,779	16,448
	86,361	114,499	-28,138
	41,778	40,844	934
	105,513	76,301	29,212
	58,438	37,459	20,979
	22,010	5,631	16,379
	28,211	5,101	23,110
	43,808	37,076	6,732
	15,713	12,050	3,663
	39,888	10,654	29,234
	10,637	3,584	7,053
	35,097	26,441	8,656
	60,119	19,081	41,038
	5,614	5,349	265
	46,430	61,501	-15,071
	35,041	21,452	13,589
	70,256	7,276	62,980
	7,053	701	6,352
	56,510	33,269	23,241
	23,646	15,672	7,974
	6,579	6,579
	6,579	6,579
	6,579	6,579
	6,500	6,500
	6,500	6,500
	6,500	6,500
	6,500	6,500
	41,568	59,013	-17,445
	5,491	7,597	-2,106
	65,184	89,286	-24,102
	55,000	55,734	-734
	33,383	49,829	-16,446
	34,800	39,397	-4,597
	5,648	6,210	-562
	25,738	27,826	-2,088
	60,000	65,274	-5,274
	37,902	24,480	13,422
	18,208	6,459	11,749
	616,575	407,745	208,830
	9,396	6,422	2,974
	12,375	3,731	8,644
	54,579	35,330	19,249
	5,154	4,199	955
	101,450	49,171	52,279
	186,677	86,282	100,395
	50,647	17,645	33,002
	21,383	27,177	-5,794
	30,244	40,884	-10,640
	38,781	22,847	15,934
	11,511	4,229	7,282
	8,885	2,820	6,065
	30,542	10,573	19,969
	15,475	11,835	3,640
	39,662	34,618	5,044
	17,734	18,814	-1,080
	14,143	7,689	6,454
	83,321	43,429	39,892
	5,242	3,624	1,618
	16,083	16,871	-788
	15,212	9,941	5,271
	29,089	20,421	8,668
	40,658	37,481	3,177
	31,048	15,195	15,853
	1,707	1,714	-7
	1,353	1,358	-5
	99,017	64,915	34,102
	7,126	6,136	990
	13,165	8,313	4,852
	79,068	82,733	-3,665
	5,640	4,838	802
	21,202	16,857	4,345
	36,257	30,864	5,393
	9,291	7,014	2,277
	1,772	983	789
	16,832	9,625	7,207
	35,701	26,865	8,836
	28,747	17,258	11,489
	39,225	54,460	-15,235
	62,354	81,582	-19,228
	9,956	8,048	1,908
	30,011	37,123	-7,112
	16,767	18,776	-2,009
	18,216	16,911	1,305
	35,946	24,234	11,712
	46,929	43,945	2,984
	25,554	22,036	3,518
	105,000	104,088	912
	100,000	103,469	-3,469
	110,975	115,265	-4,290
	301,828	308,766	-6,938
	407,656	400,250	7,406
	225,771	214,402	11,369
	455,316	395,776	59,540
	20,540	15,168	5,372
	45,334	31,849	13,485
	109,514	77,111	32,403
	454,561	432,311	22,250
	44,947	36,092	8,855
	165,408	131,627	33,781
	9,069	7,364	1,705
	287,458	290,019	-2,561
	60,447	60,658	-211
	187,456	184,474	2,982
	517,468	449,597	67,871
	160,313	128,127	32,186
	76,655	23,172	53,483
	165,710	50,979	114,731
	40,772	40,218	554
	5,436	5,351	85
	42,715	37,708	5,007
	52,353	39,109	13,244
	16,447	3,221	13,226
	93,741	12,884	80,857
	45,385	2,482	42,903
	47,067	2,670	44,397
	64,838	47,808	17,030
	20,373	15,048	5,325
	38,187	9,152	29,035
	12,142	10,533	1,609
	24,201	50,086	-25,885
	42,258	20,416	21,842
	97,942	48,622	49,320
	45,272	41,708	3,564
	49,849	16,248	33,601
	17,447	5,140	12,307
	86,332	36,809	49,523
	7,934	8,498	-564
	3,967	2,385	1,582
	51,251	78,720	-27,469
	30,500	36,776	-6,276
	36,659	56,438	-19,779
	22,077	25,813	-3,736
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446
			332,446

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			2,428
b			8,672
c			-1,897
d			-8,531
e			11,745
			-2,987
			46,938
			4,280
			-203
			363
			6,163
			82,902
			-21,830
			2,125
			23,778
			167,689
			13,402
			4,774
			15,285
			32,045
			-792
			46,875
			14,828
			80,956
			-8,430
			1,655
			129,990
			-444
			13,991
			-2
			14,012
			-1,601
			7,147
			36,426
			16,888
			6,192
			3,679
			-604
			-909
			-6,249
			4,803
			4,866
			-507
			17,742
			15,037
			1,745
			12,104
			13,005
			-314
			12,122
			5,976
			-4,826
			-14,326
			-2,147
			-11,318
			-6,589
			1,842
			3,860
			111,598
			6,601
			8,759
			9,470
			257
			5,267
			-1,503
			-749
			43,050
			-24,457
			-3,916
			4,384
			257
			84
			5,661
			7,216
			16,343
			112
			-5,301
			4,028
			35
			35
			1,304
			8,091
			1,893
			15,599
			8,726
			101
			5,318
			8,596
			-5,901
			3,300
			21,604
			9,125
			10,308
			18,513
			6,933
			1,712
			1,387
			10,384
			709
			13,334
			-7,942
			-15,188
			-3,958
			-59,653
			-1,488
			-2,369
			1,720
			-151
			125,711
			3,682
			4,465
			69,057
			697
			546
			5,398
			28,534
			-9,537
			-13,457
			3,985
			28,579
			2,152
			14,041
			10,099
			17,717
			4,672
			3,813
			-21,271
			8,212
			433
			-2,358
			15,132
			471
			18,559
			15,537
			2,221
			1,059
			-15,756
			25,585
			16,448
			-28,138
			934
			29,212
			20,979
			16,379
			23,110
			6,732
			3,663
			29,234
			7,053
			8,656
			41,038
			265
			-15,071
			13,589
			62,980
			6,352
			23,241
			7,974







			-17,445
			-2,106
			-24,102
			-734
			-16,446
			-4,597
			-562
			-2,088
			-5,274
			13,422
			11,749
			208,830
			2,974
			8,644
			19,249
			955
			52,279
			100,395
			33,002
			-5,794
			-10,640
			15,934
			7,282
			6,065
			19,969
			3,640
			5,044
			-1,080
			6,454
			39,892
			1,618
			-788
			5,271
			8,668
			3,177
			15,853
			-7
			-5
			34,102
			990
			4,852
			-3,665
			802
			4,345
			5,393
			2,277
			789
			7,207
			8,836
			11,489
			-15,235
			-19,228
			1,908
			-7,112
			-2,009
			1,305
			11,712
			2,984
			3,518
			912
			-3,469
			-4,290
			-6,938
			7,406
			11,369
			59,540
			5,372
			13,485
			32,403
			22,250
			8,855
			33,781
			1,705
			-2,561
			-211
			2,982
			67,871
			32,186
			53,483
			114,731
			554
			85
			5,007
			13,244
			13,226
			80,857
			42,903
			44,397
			17,030
			5,325
			29,035
			1,609
			-25,885
			21,842
			49,320
			3,564
			33,601
			12,307
			49,523
			-564
			1,582
			-27,469
			-6,276
			-19,779
			-3,736

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,334,592
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 .........................		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.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	59,743
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	59,743
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	59,743
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	44,868
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	44,868
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	14,875
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)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressN/A

The books are in care ofBANK OF HAWAII Telephone no. (808) 694-4399

Located atPO BOX 3170 DEPT 715HONOLULUHI ZIP+4968023170

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 ........

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........

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? .............

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)):

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?....................

If "Yes," list the years 20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check .........

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
BANK OF HAWAII	CO-TRUSTEE 1	229,338
PO BOX 3170 DEPT 715 HONOLULU,HI968023170	CO-TRUSTEE 1	229,338
GARY S MORIMOTO	CO-TRUSTEE 04	0
PO BOX 3170 DEPT 715 HONOLULU,HI968023170	CO-TRUSTEE 04	0

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)

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	89,719
PO BOX 3170 DEPT 715 HONOLULU,HI968023170	INVESTMENT ADVISOR	89,719

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.........................

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

54,422,030

Average of monthly cash balances.......................

564,790

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

54,986,820

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

54,986,820

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

824,802

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

54,162,018

Minimum investment return. Enter 5% (0.05) of line 5 ................

2,708,101

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.)

Minimum investment return from Part IX, line 6..................

2,708,101

Tax on investment income for 2025 from Part V, line 5 .......

59,743

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

59,743

Distributable amount before adjustments. Subtract line 2c from line 1............

2,648,358

Recoveries of amounts treated as qualifying distributions................

101,117

Add lines 3 and 4............................

2,749,475

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,749,475

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

3,508,000

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

3,508,000

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					2,749,475
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				2,017,735
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: $ 3,508,000
a Applied to 2024, but not more than line 2a				2,017,735
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.....					1,490,265
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 ..........					1,259,210
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here 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 e-mail address of the person to whom applications should be addressed:

KEHAU MEYER
827 FORT STREET
HONOLULU,HI96813
(808) 566-5524
MEYER@HCF-HAWAII.ORG

bThe form in which applications should be submitted and information and materials they should include:

SEE FOOTNOTE ENCLOSED.

cAny submission deadlines:

JANUARY 15, MAY 15, SEPTEMBER 15.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE FOOTNOTE ENCLOSED.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED SCHEDULE PO BOX 3170 HONOLULU,HI968023170	NONE		UNRESTRICTED GIFT	3,226,691
Total ................................. 3a				3,226,691

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	1,220,545
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	3,334,592
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSECTION 897 CAPITA			1	97
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				4,555,234

13Total. Add line 12, columns (b), (d), and (e)..................

4,555,234

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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. Yes No
	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

Description	Amount
WASH SALE ADJUSTMENT	355
ROUNDING	1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	163,000	0		163,000
OTHER EXPENSE (NON-DEDUCTIBLE	108	108		0

Category	Amount	Net Investment Income
FOREIGN TAXES	1,515	1,515
FEDERAL TAX PAYMENT - PRIOR YE	7	0
FEDERAL ESTIMATES - INCOME	44,868	0
FOREIGN TAXES ON QUALIFIED FOR	23,528	23,528
FOREIGN TAXES ON NONQUALIFIED	7,251	7,251

Description	Amount
GRANT RECOVERIES FROM PRIOR YEAR	101,117
ACCRUED INTEREST TIMING	1,159