Charles R Bishop Trust

“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.”

“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.”

“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.”

“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.”