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        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>82412</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
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        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
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          <RecipientPersonNm>EDWARD SHULTZ</RecipientPersonNm>
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          </RecipientUSAddress>
          <RecipientPhoneNum>8084557780</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NO SPECIFICATION</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
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            <BusinessNameLine1Txt>CENTER FOR KOREAN STUDIES</BusinessNameLine1Txt>
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            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96822</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT A CONFERENCE IN KOREA</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERNATIONAL SOCIETY FOR KOREAN STUDIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>4-5-5-506 NISHITENMA KITA-KU</AddressLine1Txt>
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            <CountryCd>JA</CountryCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT CONFERENCE AND PLANNING ACTIVITIES FOR THIS ORGANIZATION WHICH PROMOTES ACADEMIC DIALOGUE ACROSS NORTHEAST ASIA AND PARTICULARLY IN KOREA</GrantOrContributionPurposeTxt>
          <Amt>80000</Amt>
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        <TotalGrantOrContriPdDurYrAmt>100000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
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          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>24526</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
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          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>15346</TotalIncomeProducingActyAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
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    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
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        <DisbursementsCharitablePrpsAmt>1963</DisbursementsCharitablePrpsAmt>
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    </AccountingFeesSchedule>
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      <DepreciationPropertyGrp>
        <PropertyDesc>TINTING</PropertyDesc>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <NetInvestmentIncomeAmt>452</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2222 CITRON #2502 HONOLULU HI 96826</PropertyDesc>
        <AcquiredDt>2012-09-10</AcquiredDt>
        <CostOrOtherBasisAmt>85960</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2013-02-28</AcquiredDt>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2013-01-17</AcquiredDt>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2222 CITRON #2502 HONOLULU HI 96826</PropertyDesc>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IMPROVEMENTS</PropertyDesc>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <NetInvestmentIncomeAmt>73</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2013-03-21</AcquiredDt>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <CurrentYearExpenseAmt>22</CurrentYearExpenseAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>STRUCTURAL IMPROVEMENT - SHUTTERS</PropertyDesc>
        <AcquiredDt>2014-07-28</AcquiredDt>
        <CostOrOtherBasisAmt>675</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>236</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>25</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>POWER DRAPES</PropertyDesc>
        <AcquiredDt>2015-11-13</AcquiredDt>
        <CostOrOtherBasisAmt>2700</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2700</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>WASHER</PropertyDesc>
        <AcquiredDt>2018-12-20</AcquiredDt>
        <CostOrOtherBasisAmt>2943</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2943</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CURTAINS</PropertyDesc>
        <AcquiredDt>2019-08-01</AcquiredDt>
        <CostOrOtherBasisAmt>6796</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5946</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>850</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>793</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ELEVATOR UPGRADE</PropertyDesc>
        <AcquiredDt>2022-08-06</AcquiredDt>
        <CostOrOtherBasisAmt>6905</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>345</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>251</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>251</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc2059100001">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>TINTING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6782</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6236</AccumulatedDepreciationAmt>
        <BookValueAmt>546</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>2222 CITRON #2502 HONOLULU HI 96826</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>85960</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>85960</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10960</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4738</AccumulatedDepreciationAmt>
        <BookValueAmt>6222</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7217</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3134</AccumulatedDepreciationAmt>
        <BookValueAmt>4083</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>2222 CITRON #2502 HONOLULU HI 96826</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>895000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>402853</AccumulatedDepreciationAmt>
        <BookValueAmt>492147</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>867</AccumulatedDepreciationAmt>
        <BookValueAmt>1133</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>600</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>259</AccumulatedDepreciationAmt>
        <BookValueAmt>341</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>STRUCTURAL IMPROVEMENT - SHUTTERS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>675</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>261</AccumulatedDepreciationAmt>
        <BookValueAmt>414</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>POWER DRAPES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2700</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2700</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>WASHER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2943</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2943</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CURTAINS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6796</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6796</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>ELEVATOR UPGRADE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6905</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>596</AccumulatedDepreciationAmt>
        <BookValueAmt>6309</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOH - CASH MANAGEMENT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>29049</BookValueAmt>
        <EOYFMVAmt>29049</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOH - PACIFIC CAPITAL TAX-FREE SECURITIES FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>637146</BookValueAmt>
        <EOYFMVAmt>637146</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL</CategoryTxt>
        <LegalFeesAmt>2673</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>INTANGIBLE ASSETS</Desc>
        <BOYBookValueAmt>380</BOYBookValueAmt>
        <EOYBookValueAmt>380</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ACCUMULATED AMORTIZATION</Desc>
        <BOYBookValueAmt>-380</BOYBookValueAmt>
        <EOYBookValueAmt>-380</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>DEPOSIT</Desc>
        <BOYBookValueAmt>130</BOYBookValueAmt>
        <EOYBookValueAmt>130</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>PENALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>920</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MAINTENANCE FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>11061</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>11061</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>950</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>950</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1745</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1745</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>6647</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6647</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BOH TRUSTEE FEES</CategoryTxt>
        <Amt>8000</Amt>
        <NetInvestmentIncomeAmt>8000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>REAL PROPERTY TAX</CategoryTxt>
        <Amt>1313</Amt>
        <NetInvestmentIncomeAmt>1313</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>GENERAL EXCISE TAX</CategoryTxt>
        <Amt>1080</Amt>
        <NetInvestmentIncomeAmt>1080</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>