Ke Ali'I Pauahi Foundation

“Kamehameha schools, the tax-exempt parent of pauahi foundation, employs the individuals performing the functions of pauahi foundation and issues the forms w-2 to these individuals.”

“Bishop holdings corporation: jennifer goodyear ka'opua, robert nobriga, crystal rose, elliot mills, michelle ka'uhane & louis k. Anderson (business relationship) - bishop holdings corporation is a subsidiary of parent organization kamehameha schools. Kamehameha investment corporation: jennifer goodyear ka'opua, robert nobriga, crystal rose, elliot mills, michelle ka'uhane, & louis k. Anderson (business relationship) - kamehameha investment corporation is a 2nd tier subsidiary of kamehameha schools. Pauahi management corporation: jennifer goodyear ka'opua, robert nobriga, crystal rose, elliot mills, michelle ka'uhane & louis k. Anderson (business relationship) - pauahi management corporation is a 2nd tier subsidiary of kamehameha schools.”

“Pauahi foundation does not have any committees with authority to act on behalf of the governing body.”

“The 5-step process prior to the return being filed consists of the following: (1) the return is drafted by the third party tax return preparer and then reviewed by staff from the kamehameha schools tax department and controllers division; (2) the return is reviewed by the vice president of legal, the vice president of finance and chief financial officer, and the communications division at kamehameha schools; (3) the return is provided to the executive director at pauahi foundation for review; (4) a meeting is arranged with the executive director, representatives from the kamehameha schools tax department, and the third party tax return preparer to review the return in more detail with the executive director; (5) the tax department, the tax return preparer and the executive director review the return in detail with the board of directors.”

“Compliance is accomplished as follows: all action requiring the executive director's or board's approval must be submitted via an internal form request for action ('rfa'), that includes a section on conflict of interest review, which is to be conducted and signed by the legal department. Each year, the legal group sends a request to the board members and officers to complete an annual disclosure form in which they disclose their family members and organizations in which they are shareholders (other than publicly traded companies) or where they serve as an officer or director. Individuals are required to report any changes to their annual disclosure during the year to legal. The legal group then maintains a database of the disclosures and is responsible for conducting a conflict check to ensure compliance with the conflict of interest policy. Actual or appearances of conflicts of interest are determined by the board members or the executive director depending on the level at which the conflict occurs. A conflicted board member or officer must recuse him or herself from participation in the matter. Terms of conflicted transactions are completely and objectively reviewed for fairness and reasonableness by non-conflicted members.”

“Kamehameha schools (a related organization) administers compensation for all pauahi foundation key employees and officers, including the executive director.”

“Pauahi foundation's governing document, the articles of incorporation, is publicly available at the state government. The bylaws are available upon request. Pauahi foundation's financial statements are included in the annual accounts of the trustees of the estate of bernice pauahi bishop dba kamehameha schools, which are submitted annually to the probate court in honolulu, hawaii. It is publicly available and can also be provided upon request. The conflict of interest policy is not available to the public.”

“Other changes in net assets: change in beneficial interest in crt 5,500”