2025-05-14T14:41:04-05:00 2024-06-30 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-07-01 996005262 CHARLES R BISHOP TRUST CHAR 8085236261 PO BOX 3466 HONOLULU HI 96801 JENNIFER GOODYEAR-KA'OPUA TRUSTEE 8085236261 2025-05-14 1 0 VERA WRIGHT P00024010 8085311040 2025-05-14 2023 2025-03-06 01:10:19Z CRBT TRUSTEE 567 S KING STREET HONOLULU HI 96813 2900077 0 X HTTP://WWW.CHARLESREEDBISHOP.ORG/ X 1895 HI SEE PART III, LINE 1 5 4 0 0 0 0 0 0 0 0 463971 737188 0 0 463971 737188 522000 472000 0 0 0 0 0 0 0 71924 81515 593924 553515 -129953 183673 14698117 16074090 12111 8525 14686006 16065565 THE TRUST IS OPERATED PRIMARILY FOR THE BENEFIT OF CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL ORGANIZATIONS. 0 0 472000 472000 CONTRIBUTIONS TO SUPPORTED CHARITABLE ORGANIZATIONS IN ACCORDANCE WITH THE TERMS OF ITS TRUST INSTRUMENT. 472000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X JESSICA NAGATO 8085343847 567 S KING STREET HONOLULU HI 96813 X JENNIFER GOODYEAR-KA'OPUA TRUSTEE 1.00 11.00 X 0 177414 0 ROBERT NOBRIGA TRUSTEE 1.00 11.00 X 0 196138 0 CRYSTAL ROSE TRUSTEE 1.00 11.00 X 0 177414 0 ELLIOT MILLS TRUSTEE 1.00 11.00 X 0 199859 0 MICHELLE KA'UHANE TRUSTEE 1.00 11.00 X 0 91865 0 LANCE WILHELM FORMER TRUSTEE 1.00 11.00 X 0 78049 0 0 920739 0 0 1 1 0 0 380401 380401 2519676 2162889 356787 356787 356787 737188 0 0 737188 472000 472000 24000 24000 12772 12772 17068 17068 17485 17485 BOND INSURANCE PREMIUMS 10190 10190 553515 472000 81515 0 661411 711795 14036706 15362295 14698117 16074090 12111 8525 12111 8525 X 14686006 16065565 14686006 16065565 14698117 16074090 183673 1195886 0 X 1 X 0 1 0 X X 8 BERNICE P BISHOP MUSEUM 990161980 7 1 465000 0 CENTRAL UNION CHURCH 990076013 1 1 100 0 KAMEHAMEHA SCHOOLS 990073480 2 1 200 0 KAUMAKAPILI CHURCH 996000281 1 1 100 0 KAWAIAHAO CHURCH 996044333 1 1 100 0 LUNALILO TRUST 990075244 8 1 1000 0 MAUNA'ALA 000000000 7 1 0 0 MID-PACIFIC INSTITUTE 990073514 2 1 5500 0 8 472000 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 298653 380401 298653 380401 0 0 16106 17485 0 0 282547 362916 13462896 14628092 335089 258730 0 0 13797985 14886822 0 0 0 13797985 14886822 206970 223302 13591015 14663520 475686 513223 0 0 475686 513223 282547 240165 475686 475686 0 475686 472000 0 0 0 0 0 472000 465200 475686 97.800000000000 475686 0 0 0 0 0 510248 510248 0 475686 0 34562 472000 0 472000 0 0 506562 0 0 0 34562 472000 PART IV SECTION A LINE 2 ONE OF THE DESIGNATED BENEFICIARIES OF THE TRUST IS MAUNA'ALA, THE ROYAL MAUSOLEUM OF THE HAWAIIAN ROYAL FAMILIES. MAUNA'ALA IS A SIGNIFICANT HISTORIC AND CULTURAL SITE TO HAWAII AND THE NATION. MR. CHARLES REED BISHOP COMMISSIONED THE KAMEHAMEHA TOMB AT MAUNA'ALA, AND CRBT HAS SUPPORTED MAUNA'ALA SINCE THE TRUST'S INCEPTION IN 1895. ALTHOUGH IT DOES NOT HAVE ITS OWN FORMAL 501(C)(3) DESIGNATION, MAUNA'ALA IS OWNED AND MAINTAINED BY THE STATE OF HAWAII AND IS THEREFORE DESCRIBED UNDER SECTION 509(A)(1). PART IV SECTION D LINE 3 CRBT HAS BEEN BENEFITING ITS SUPPORTED ORGANIZATIONS FOR MANY YEARS IN ACCORDANCE WITH THE TERMS OF ITS TRUST INSTRUMENT ESTABLISHED IN 1895. THE CRBT BOARD IS MADE UP OF ALL THE TRUSTEES OF KAMEHAMEHA SCHOOLS, WHICH IS ONE OF CRBT'S SUPPORTED ORGANIZATIONS. KAMEHAMEHA SCHOOLS STAFF ALSO PROVIDE ADMINISTRATIVE SUPPORT AND GUIDANCE FOR CRBT'S OPERATIONS, INVESTMENTS, SPEND POLICIES, AND DISTRIBUTIONS. IN ADDITION, MEETINGS BETWEEN THE TRUSTEES OF CRBT AND THE LARGEST RECIPIENT OF FUNDS, THE BISHOP MUSEUM, ARE CONDUCTED AT LEAST ONCE PER YEAR TO DISCUSS OPERATIONAL NEEDS AND THE ASSOCIATED FUNDING REQUIREMENTS. CRBT ALSO ATTENDS AND SUPPORTS BISHOP MUSEUM'S ANNUAL GALA FUNDRAISER. SCHEDULE A, PART V, SECTION D, LINE 8 SUPPORTED ORGANIZATIONS BISHOP MUSEUM AND KAMEHAMEHA SCHOOLS ARE ATTENTIVE TO CRBT, WHICH IS IN RETURN RESPONSIVE TO BOTH ORGANIZATIONS. THE RELATIONSHIP BETWEEN CRBT AND BISHOP MUSEUM AND KAMEHAMEHA SCHOOLS IS OVER 100 YEARS OLD. CRBT'S FOUNDER, MR. CHARLES REED BISHOP, ALSO FOUNDED BISHOP MUSEUM IN HONOR OF HIS WIFE, PRINCESS BERNICE PAUAHI BISHOP, WHO FOUNDED KAMEHAMEHA SCHOOLS. MR. BISHOP'S STRONG SUPPORT FOR BOTH BISHOP MUSEUM AND KAMEHAMEHA SCHOOLS CAN BE TRACED BACK TO EACH ORGANIZATION'S ESTABLISHMENT. CRBT'S DISTRIBUTION TO BISHOP MUSEUM IS BY FAR THE LARGEST DISTRIBUTION FROM CRBT'S ENDOWMENT EACH YEAR, ACCOUNTING FOR OVER 98% OF ALL GRANTS MADE BY CRBT. BISHOP MUSEUM DEMONSTRATES THAT IT IS ATTENTIVE TO CRBT'S OPERATIONS BY ATTENDING CRBT'S TRUSTEE MEETINGS AT LEAST ONCE PER YEAR AND BY INVITING CRBT TO ITS OWN MEETINGS AND EVENTS. THE DISTRIBUTION TO KAMEHAMEHA SCHOOLS SUPPORTS THE SCHOOL'S ANNUAL FOUNDER'S DAY CELEBRATION, WHICH HONORS PRINCESS BERNICE PAUAHI BISHOP. KAMEHAMEHA SCHOOLS DEMONSTRATES THAT IT IS ATTENTIVE TO CRBT'S OPERATIONS BY PROVIDING STAFF AND RESOURCES TO ADMINISTER THE TRUST. ADDITIONALLY, EVERY YEAR REPRESENTATIVES FROM EACH OF THE SUPPORTED ORGANIZATIONS ARE INVITED TO ATTEND A FORMAL CEREMONY HELD IN OBSERVANCE AND COMMEMORATION OF THE BIRTH OF MR. BISHOP AND TO ACKNOWLEDGE HIS GUIDANCE AND PHILANTHROPY. PLEASE SEE THE NARRATIVE FOR SCHEDULE A, PART IV, SECTION D, LINE 3 FOR A MORE DETAILED DISCUSSION ON CRBT'S RESPONSIVENESS TO BOTH BISHOP MUSEUM AND KAMEHAMEHA SCHOOLS. 0 MONEY MARKET FUND 5848 F EXCHANGE TRADED FUNDS 15356447 F 15362295 X PART X, LINE 2: THE TRUST EVALUATES UNCERTAIN TAX POSITIONS UTILIZING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AT JUNE 30, 2024, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS. THE FEDERAL STATUTE OF LIMITATIONS REMAINS OPEN FOR THE TRUST FOR THE YEARS ENDED JUNE 30, 2021 THROUGH 2024. 1 BERNICE P BISHOP MUSEUM 1525 BERNICE ST HONOLULU HI 96817 990161980 501(C)(3) 465000 0 TO SUPPORT CULTURAL MUSEUM MID-PACIFIC INSTITUTE 2445 KAALA ST HONOLULU HI 96822 990073514 501(C)(3) 5500 0 EDUCATION - TUITION AND BOARD 2 0 PART I, LINE 2 THE USE OF THE GRANTS FUNDS ARE DICTATED BY THE TRUST DOCUMENT. 0 0 0 0 0 0 0 0 0 ELLIOT MILLS TRUSTEE 0 199859 0 0 0 0 0 0 0 0 0 199859 0 0 ROBERT NOBRIGA TRUSTEE 0 196138 0 0 0 0 0 0 0 0 0 196138 0 0 JENNIFER GOODYEAR-KA'OPUA TRUSTEE 0 177414 0 0 0 0 0 0 0 0 0 177414 0 0 CRYSTAL ROSE TRUSTEE 0 177414 0 0 0 0 0 0 0 0 0 177414 0 0 LANCE WILHELM FORMER TRUSTEE 0 78049 0 0 0 0 0 0 0 0 0 78049 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JENNIFER GOODYEAR-KA'OPUA, ROBERT NOBRIGA, CRYSTAL ROSE, ELLIOT MILLS, AND MICHELLE KA'UHANE ALSO SERVED ON THE BOARDS OF BISHOP HOLDINGS CORPORATION, KAMEHAMEHA INVESTMENT CORPORATION AND PAUAHI MANAGEMENT CORPORATION WHICH ARE SUBSIDIARIES OF KAMEHAMEHA SCHOOLS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE TRUST'S FORM 990 TAX RETURN, THE OUTSIDE PREPARER PROVIDES A COPY OF THE RETURN TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND COMMENT. THE SIGNIFICANT ISSUES, IF ANY, APPEARING IN THE RETURN ARE HIGHLIGHTED FOR DISCUSSION AND ANY NECESSARY CHANGES ARE MADE. SHOULD ANY CHANGES REQUIRE FURTHER REVIEW BY THE TRUSTEES, A COPY OF THE RETURN IS PROVIDED FOR FINAL COMMENT. THE RETURN IS THEN FINALIZED AND FILED AND A COPY OF THE RETURN IS THEN PROVIDED TO THE TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE TRUSTEES MUST HAVE THEIR ACCOUNTS APPROVED ANNUALLY BY THE PROBATE COURT IN HONOLULU, HAWAII, AND ALL DOCUMENTS PROVIDED TO THE COURT ARE AVAILABLE TO THE PUBLIC. THE TRUST'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AMONG OTHER DOCUMENTS ARE ATTACHED TO THE PETITION AND THEREFORE AVAILABLE TO THE PUBLIC. OTHERWISE, THE PUBLIC CAN MAKE A REQUEST FOR THE DOCUMENTS. FORM 990, PART VII, SECTION A DESCRIPTION OF COMPENSATION UNDER THE TERMS OF THE GOVERNING TRUST DOCUMENT FOR THE CHARLES REED BISHOP TRUST (CRBT), MR. BISHOP DESIRED THAT THE INDIVIDUALS SERVING AS TRUSTEES OF THE CRBT BE THE SAME INDIVIDUALS SERVING AS TRUSTEES OF THE TRUST CREATED UNDER THE WILL OF HIS WIFE, KE ALI'I BERNICE PAUAHI BISHOP, KNOWN AS KAMEHAMEHA SCHOOLS (KS). THE PARTIES HAVE RESPECTED MR. BISHOP'S DESIRE FROM THE BEGINNING OF THE CRBT. AS A RESULT, THE COMPENSATION REFLECTED IN PART VII, SECTION A, IS THE COMPENSATION THAT THE TRUSTEES RECEIVE IN THEIR ROLE AS TRUSTEES OF KS. THEY HAVE WAIVED AND RECEIVE NO PAID COMPENSATION FROM THE CRBT. BERNICE P BISHOP MUSEUM 1525 BERNICE STREET HONOLULU HI 96871 990161980 CULTURAL MUSEUM HI 501(C)(3) LINE 7 N/A 0 CENTRAL UNION CHURCH 1660 S BERETANIA STREET HONOLULU HI 96826 990076013 CHURCH HI 501(C)(3) LINE 1 N/A 0 KAUMAKAPILI CHURCH 766 N KING STREET HONOLULU HI 96817 996000281 CHURCH HI 501(C)(3) LINE 1 N/A 0 KAWAIAHAO CHURCH 957 PUNCHBOWL STREET HONOLULU HI 96813 996044333 CHURCH HI 501(C)(3) LINE 1 N/A 0 KAMEHAMEHA SCHOOLS 567 S KING STREET STE 200 HONOLULU HI 96813 990073480 SCHOOL HI 501(C)(3) LINE 2 N/A 0 MID-PACIFIC INSTITUTE 2445 KAALA STREET HONOLULU HI 96822 990073514 SCHOOL HI 501(C)(3) LINE 2 N/A 0 LUNALILO TRUST 501 KEKAULUOHI ST HONOLULU HI 96825 990075244 COMMUNITY TRUST HI 501(C)(3) LINE 8 N/A 0 KE ALI'I PAUAHI FOUNDATION 567 S KING STREET STE 160 HONOLULU HI 96813 943263044 FUNDRAISING HI 501(C)(3) LINE 12A, I KAMEHAMEHA SCHOOLS 0 MAUNA'ALA PO BOX 1285 HONOLULU HI 96807 RESTORATION HI LINE 7 N/A 0 SINO FINANCE GROUP PO BOX 3466 HONOLULU HI 96801 990324938 INTL BUS IN CHINA DE N/A N/A 0 0 KAYNE KS CRDT FD LP 1800 AVE OF THE STARS LOS ANGELES CA 90067 352507517 INVESTMENTS DE N/A N/A 0 0 CRESCENTKS PTNRSHP 1100 SANTA MONICA BLVD LOS ANGELES CA 90025 464668874 INVESTMENTS DE N/A N/A 0 0 KURAMO AFRC OPP FD 500 5TH AVE NEW YORK NY 10110 452495612 INVESTMENTS DE N/A N/A 0 0 ORION MINE FIN I-A 1211 AVE O/T AMERICAS NEW YORK NY 10036 465243062 INVESTMENTS DE N/A N/A 0 0 CSKS OPPS FUND LP 575 LEXINGTON AVE NEW YORK NY 10022 824067070 INVESTMENTS DE N/A N/A 0 0 KSOH FUND LLC 2003 WESTERN AVE SEATTLE WA 98121 834182235 INVESTMENTS DE N/A N/A 0 0 KSBCS FUND LP 209 ORANGE ST WILMINGTON DE 19801 882425768 INVESTMENTS DE N/A N/A 0 0 MANULELE HOLDINGS PO BOX 227 KUNIA HI 96759 453768132 INVESTMENTS HI N/A N/A 0 0 BISHOP HOLDINGS CORPORATION 567 S KING STREET STE 150 HONOLULU HI 96813 990335777 HOLDING COMPANY HI N/A C 0 PAUAHI MANAGEMENT CORPORATION 567 S KING STREET STE 150 HONOLULU HI 96813 990335778 COMM'L PROP DEVELOP HI N/A C 0 KBH INC 567 S KING STREET STE 150 HONOLULU HI 96813 990334862 PROPERTY MANAGEMENT HI N/A C 0 KAMEHEMEHA INVESTMENT CORPORATION 567 S KING STREET STE 150 HONOLULU HI 96813 990115292 LEASING HI N/A C 0 KEAUHOU COMMUNITY SERVICES INC 567 S KING STREET STE 150 HONOLULU HI 96813 990291186 WASTEWATER SEWAGE HI N/A C 0 KAUPULEHU FOUNDATION 567 S KING STREET STE 200 HONOLULU HI 96813 462780038 LAND MANAGEMENT HI N/A C 0 KAIAULU'O KAKA'AKO OWNERS ASSOC INC PO BOX 3466 HONOLULU HI 96801 472928115 OWNER ASSOCIATION HI N/A C 0 KS ALCENTRA EUROPE SARL 51 AVENUE JOHN F KENNEDY LU LU L-1855 INVESTMENTS LU N/A C 0 KAMVUS FUND BLK 6 INT FIN SVCS CTR DUBLIN EI EI 1 INVESTMENTS EI N/A C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0