Waterhouse Charitable Tr

“First Hawaiian Bank P.O. Box 3708 Honolulu HI 96811”

“The organization does not have any separate committees as there are only two trustees. As such, the organization has answered no for the documentation of committee meetings.”

“The Waterhouse Charitable Trust outside accounting firm and the The Waterhouse Charitable Trust team work together to gather the required information necessary to complete the Form 990. The outside accounting firm prepares an initial draft Form 990 and provides this initial draft to the Waterhouse Charitable Trust team for review. Any recommended changes and comments are considered and the Form 990 is updated. The final draft Form 990 is then reviewed by the two trustees and is approved prior to the filing of the return.”

“The trustees of The Waterhouse Charitable Trust are required to disclose any potential conflicts as they arise, and at a minimum annually through a written conflict of interest questionnaire. The disclosures are evaluated to help determine whether any formal action is required. Should there be a conflict, the trustees may enter into a transaction or arrangement on behalf of the Trust if: (1)The trustee has disclosed the COI in accordance with the policy; (2)The non-conflicted trustee after reasonable investigation, including reliance on independent studies and opinions, determine the transaction/arrangement to be fair and in the best interest of the Trust; (3)The conflicted-trustee recuses him/herself.”

“Whistle-blower policy - As The Waterhouse Charitable Trust does not have any directors, employees, or volunteers, there is no requirement to have a whistleblower policy.”

“The individual co-trustee fee was determined by a compensation study conducted by Fredric W. Cook & Co., Inc. in 2011. The Trustees rely upon comparable data, such as an independent appraisal or an independent compensation study, in reaching its determination as to the fairness and reasonableness of the transaction or arrangement to the Trust. The compensation for all co-trustees are disclosed to the master appointed by the state court to determine the reasonableness of the Trustees compensation and to file his report in accordance with the annual petition for approval of the trusts accounts. To date, the state court has approved all petitions filed.”

“The documents are made available upon request.”

“The organization uses the tax basis of accounting.”

“The Waterhouse Charitable Trust does not have any officers, directors or employees. The Waterhouse Charitable Trust and Waterhouse, Inc. entered into a Trust Administrator Services Agreement for Waterhouse Inc. to serve as the Trust Administrator for the Waterhouse Charitable Trust.”