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Two Wills, Two Outcomes

Prince Lunalilo was born on January 31, 1835 to High Chiefess Miriam ‘Auhea Kekauluohi (Kuhina Nui, or Premier of the Hawaiian Kingdom and niece of Kamehameha I) and High Chief Charles Kanaʻina.

Lunalilo’s grandparents were Kalaʻimamahu (half brother of Kamehameha I) and Kalākua (sister to Kaʻahumanu). His great grandfather was Keōuakupupailaninui (Keōua, father of Kamehameha I.)

Lunalilo was educated at the Chiefs’ Children’s School, and at age four, became one of its first students. He was known as a scholar, a poet and a student with amazing memory for detail.

From a very young age, he loved to write with favorite subjects in school being literature and music. He composed Hawai’i’s first national anthem, E Ola Ke Ali`i Akua, or God Save the King.

He also developed a sense of justice and love for people. These traits were recognized by the age of six in the unselfish and caring manner in which he interacted with his servants.

As a young man, he was courteous and intelligent, generous and friendly. His close friends affectionately called him “Prince Bill”. His native people called him ”Lokomaikaʻi”, meaning “generous or benevolent”.

When Lunalilo died in 1874, while he was king, he was the first of the large landholding aliʻi to create a charitable trust for the benefit of his people.

His estate included large landholdings on the five major islands, consisting of 33-ahupuaʻa, nine ʻili and more than a dozen home lots. His will, written in 1871, established a perpetual trust under the administration of three trustees to be appointed by the justices of the Hawaiian Supreme Court.

The purpose of the trust was to build a home to accommodate the poor, destitute and infirm people of Hawaiian (aboriginal) blood or extraction, with preference given to older people. The will charged the Trustees to sell all of the estate’s land to build and maintain the home.

His will states “all of the real estate of which I may die seized and possessed to three persons … to be held by them in trust for the following purposes, to wit …”

“… to sell and dispose of the said real estate to the best advantage at public or private sale and to invest the proceeds in some secure manner until the aggregate sum shall amount to $25,000, or until the sum realized by the said trustees shall with donations or contributions from other sources, amount to the said sum of $25,000.” (District Court Records)

“The will leaves the testator’s real estate to his Trustees in trust to sell the same at public or private sale and invest the same till the amount realized from such sale or by additions from other sources shall be $25,000 …”

“… and then directs that they shall expend the whole amount in the purchase of land and in the erection of a building or buildings on the Island of Oahu for specified eleemosynary purposes.” (Supreme Court Records)

His will notes, “Then I order the trustees to exceed the whole amount in the purchase of land and in the erection of a building or buildings on the Island of Oʻahu, of iron, stone, brick or other fireproof material, for the use and accommodation of poor, destitute and infirm people of Hawaiian blood or extraction, giving preference to old people.” (District Court Records)

According to the instructions in the will, the Estate trustees sold the land, built Lunalilo Home and invested the remaining proceeds in mortgages, securities and government bonds.

Unfortunately, those investments went sour, and today the Lunalilo estate has limited assets, other than Lunalilo Home in Hawaiʻi Kai and the land under it, and the trust must constantly raise funds to maintain the operation of the home. (Byrd)

Reportedly, Lunalilo left an estate even larger than the one left by Princess Bernice Pauahi Bishop, founder of Kamehameha Schools. However, the outcome of her estate has had a different ending.

High Chief Abner Pākī and his wife High Chiefess Laura Kōnia (Kamehameha III’s niece) had one child, a daughter, Bernice Pauahi Pākī (born December 19, 1831.)

When her cousin, Princess Ruth Keʻelikōlani, died, Keʻelikōlani’s will stated that she “give and bequeath forever to my beloved younger sister (cousin), Bernice Pauahi Bishop, all of my property, the real property and personal property from Hawaiʻi to Kauaʻi, all of said property to be hers (about 353,000 acres.)”

(Keʻelikōlani had previously inherited all of the substantial landholdings of the Kamehameha dynasty from her brother, Lot Kapuāiwa (King Kamehameha V.))

Pauahi died childless on October 16, 1884. Her will formed and funded the Kamehameha Schools; “I give, devise and bequeath all of the rest, residue and remainder of my estate real and personal … to erect and maintain in the Hawaiian Islands two schools, each for boarding and day scholars, one for boys and one for girls, to be known as, and called the Kamehameha Schools.”

Bernice Pauahi Bishop’s will (Clause 13) states her desire that her trustees “provide first and chiefly a good education in the common English branches, and also instruction in morals and in such useful knowledge as may tend to make good and industrious men and women”.

That same Clause gives the “trustees full power to make all such rules and regulations as they may deem necessary for the government of said schools and to regulate the admission of pupils, and the same to alter, amend and publish upon a vote of a majority of said trustees.”

She directed “that the teachers of said schools shall forever be persons of the Protestant religion, but I do not intend that the choice should be restricted to persons of any particular sect of Protestants.”

However, in order to support her vision, her will did not require her trustees to sell the land; rather, they can only sell “for the best interest” of the estate. Clause Seventeen notes, “I give unto the trustees … the most ample power to sell and dispose of any lands or other portion of my estate, and to exchange lands and otherwise dispose of the same … “

“I further direct that my said trustees shall not sell any real estate, cattle ranches, or other property, but to continue and manage the same, unless in their opinion a sale may be necessary for the establishment or maintenance of said schools, or for the best interest of my estate.”

Today, the Kamehameha Schools Bishop Estate has net assets of nearly $7-billion and annual operating revenue of $1.34-billion.

“Had Lunalilo directed its trustees, as Princess Pauahi Bishop did, to retain the land and sell it only as necessary to run the home for the aged, the Lunalilo Trust today would rival the Bishop Estate in its net asset value, and it would be able to assist many more than the approximately fifty elderly Hawaiians who now live in Lunalilo Home.” (Takabuki)

“Princess Pauahi was wise when she directed her trustees to retain the “ʻĀina,” her primary endowment, and sell it only when necessary for the Kamehameha Schools or the best interest of the trust. Real estate has been, and will continue to be, a sound, prudent, long-term investment.” (Takabuki)

This summary is intended to address one key differing statement in the respective wills. While each called for trustees selected by the Supreme Court (thereby not knowing who would eventually carry out its instruction,) Lunalilo instructed his trustees to sell his land; on the other hand, Pauahi gave her trustees that right, but only in the “best interest” of the trust.

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Lunalilo Home-Maunalua
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Charles Reed Bishop and his wife Bernice Pauahi Bishop in San Francisco in September 1876
Kamehameha School for Boys campus-(KSBE)-before 1900
Kamehameha School for Girls campus is the first to be completed on Kapälama Heights-(KSBE)-1931
Kamehameha_School_for_Girls-makai-Diamond Head corner of King and Kalihi Streets.(KSBE)
V2_5A Kamehameha Schools for Boys-(KSBE)-before 1900
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Pauahi

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Founder’s Day

Pauahi Pākī was born on December 19, 1831 in Honolulu, Hawai‘i to high chiefs Abner Pākī and Laura Kōnia Pākī. She was the great-granddaughter of Kamehameha I. (KSBE)

Pauahi was hānai (adopted) to her aunt, Kīnaʻu (the eldest daughter of Kamehameha, who later served as Kuhina Nui as Kaʻahumanu II, a position similar to a Prime Minister.) Pauahi lived with Kīnaʻu for nearly eight years, then Kīnaʻu died suddenly of mumps (April 4, 1839.)

High Chief Caesar Kapaʻakea and his wife High Chiefess Analeʻa Keohokālole had three children, a daughter was Lydia Liliʻu Kamakaʻeha (born September 2, 1838.)

Liliʻu was hānai (adopted) to the Pākīs, who reared her with their birth daughter, Pauahi. The two girls developed a close, loving relationship.

“…their only daughter, Bernice Pauahi … was therefore my foster-sister. … I knew no other father or mother than my foster-parents, no other sister than Bernice.” (Lili‘uokalani)

They lived on the property called Haleʻākala, in a two-story coral house that Pākī built on King Street. It was the ‘Pink House,’ (the house was name ʻAikupika (Egypt.)) It later became the Arlington Hotel.

The girls attended the Chief’s Children’s School, a boarding school, and were known for their studious demeanor. Founded in 1839 during the reign of King Kamehameha III, the original Chief’s Children’s School was on what is now the capitol grounds.

Mr. and Mrs. Amos Cooke, missionaries from New England, were commissioned to teach the 16 royal children (others who joined the Pākī sisters were Alexander Liholiho (later Kamehameha IV,) Lot Kapuāiwa (later Kamehameha V,) Queen Emma, King William Lunalilo and Liliʻu’s brother, David (later King Kalākaua.) In 1846 the school’s name was officially changed to Royal School; it was opened to the general public in 1851.

In 1850, at the age of 19, Pauahi married Charles Reed Bishop, a young American businessman who had made his way to the Kingdom of Hawai‘i from Glens Falls, New York.

Charles became a pillar in the kingdom government and was a successful businessman, banker and philanthropist. He and Pauahi enjoyed traveling the world with particular fondness for museums and art. With no children of their own, they shared a deep commitment for the well-being and education of kamali‘i — young ones. (KSBE)

When her cousin, Princess Ruth Keʻelikōlani, died, Keʻelikōlani’s will stated that she “give and bequeath forever to my beloved younger sister (cousin), Bernice Pauahi Bishop, all of my property, the real property and personal property from Hawaiʻi to Kauaʻi, all of said property to be hers.”

The total land bequest included about 353,000 acres. Keʻelikōlani had previously inherited all of the substantial landholdings of the Kamehameha dynasty from her brother, Lot Kapuāiwa (King Kamehameha V.)

Bernice Pauahi died childless on October 16, 1884. She foresaw the need to educate her people and in her will she left her large estate of the Kamehameha lands in a trust “to erect and maintain in the Hawaiian Islands two schools, each for boarding and day scholars, one for boys and one for girls, to be known as, and called the Kamehameha Schools.”

She further stated, “I desire my trustees to provide first and chiefly a good education in the common English branches, and also instruction in morals and in such useful knowledge as may tend to make good and industrious men and women”.

Bernice Pauahi Bishop, by founding the Kamehameha Schools, intended to establish institutions which should be of lasting benefit to her country; and also to honor the name Kamehameha.

After Pauahi’s death, Charles as president of the Bernice Pauahi Bishop Estate’s board of trustees, ensured that his wife’s wish was fulfilled. He generously provided his own funds for the construction of facilities and added some of his own properties to her estate.

Until his death in 1915, he continued to guide her trustees in directions that reinforced her vision of a perpetual educational institution that would build a vibrant future for her people. (KSBE)

Today, December 19, is Pauahi’s birthday; it is also known as Founder’s Day at Kamehameha Schools.

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Pākī Sisters

High Chief Abner Pākī and his wife High Chiefess Laura Kōnia (Kamehameha III’s niece) had one child, a daughter, Bernice Pauahi Pākī (born December 19, 1831.)

High Chief Caesar Kapaʻakea and his wife High Chiefess Analeʻa Keohokālole had three children, a daughter was Lydia Liliʻu Kamakaʻeha (born September 2, 1838.)

As was the custom, Liliʻu was hānai (adopted) to the Pākīs, who reared her with their birth daughter, Pauahi. The two girls developed a close, loving relationship.

“When I was taken from my own parents and adopted by Paki and Konia, or about two months thereafter, a child was born to Kīna‘u. That little babe was the Princess Victoria, two of whose brothers became sovereigns of the Hawaiian people.”

“While the infant was at its mother’s breast, Kīna‘u always preferred to take me into her arms to nurse, and would hand her own child to the woman attendant who was there for that purpose.”

“I knew no other father or mother than my foster-parents, no other sister than Bernice. I used to climb up on the knees of Paki, put my arms around his neck, kiss him, and he caressed me as a father would his child …”

“… while on the contrary, when I met my own parents, it was with perhaps more of interest, yet always with the demeanor I would have shown to any strangers who noticed me.”

“My own father and mother had other children, ten in all, the most of them being adopted into other chiefs’ families; and although I knew that these were my own brothers and sisters, yet we met throughout my younger life as though we had not known our common parentage. This was, and indeed is, in accordance with Hawaiian customs.” (Lili‘uokalani)

They lived on the property called Haleʻākala, in the house that Pākī built on King Street.  It was the ‘Pink House,’ made from coral (the house was name ʻAikupika (Egypt.))  It later became the Arlington Hotel.

The two-story coral house was built by Pākī himself, from the original grass hut complex of the same name at the same site; he financed the construction through the sale of Mākaha Valley (ʻAikupika would later become the primary residence of his daughter Bernice Pauahi and her husband.)

The girls attended the Chief’s Children’s School, a boarding school, and were known for their studious demeanor.

Founded in 1839 during the reign of King Kamehameha III, the original Chief’s Children’s School was in the area where the ʻIolani barracks now stand. Mr. and Mrs. Amos Cooke, missionaries from New England, were commissioned to teach the 16 royal children (others who joined the Pākī sisters were Lot Kapuāiwa (later Kamehameha V), Queen Emma, King William Lunalilo and Liliʻu’s brother, David (later King Kalākaua.)

In 1846 the school’s name was officially changed to Royal School; attendance was restricted to descendants of the royal line and heirs of the chiefs. In 1850, a second school was built on the site of the present Royal School; it was opened to the general public in 1851.

These two women left lasting legacies in Hawaiʻi.

In 1850, Pauahi was married to Mr. Charles Reed Bishop of New York, who started the bank that is now known as First Hawaiian Bank.

When her cousin, Princess Ruth Keʻelikōlani, died,  Keʻelikōlani’s will stated that she “give and bequeath forever to my beloved younger sister (cousin), Bernice Pauahi Bishop, all of my property, the real property and personal property from Hawaiʻi to Kauaʻi, all of said property to be hers.” (about 353,000 acres)  (Keʻelikōlani had previously inherited all of the substantial landholdings of the Kamehameha dynasty from her brother, Lot Kapuāiwa (King Kamehameha V.))

Bernice Pauahi died childless on October 16, 1884.  She foresaw the need to educate her people and in her will she left her large estate of the Kamehameha lands in a trust “to erect and maintain in the Hawaiian Islands two schools, each for boarding and day scholars, one for boys and one for girls, to be known as, and called the Kamehameha Schools.”

She further stated, “I desire my trustees to provide first and chiefly a good education in the common English branches, and also instruction in morals and in such useful knowledge as may tend to make good and industrious men and women”.

On September 16, 1862, Liliʻu married John O. Dominis. Dominis’ father, a ship’s captain, had built a New England style home, named Washington Place, for his family.  They lived with his widowed mother.  The home became the official residence of Hawai‘i’s Governor and today serves as a museum.

On February 12, 1874, nine days after the passing of King Lunalilo, an election was held between the repeat candidate David Kalākaua (her brother) and Queen Emma – widow of King Kamehameha IV.  Kalākaua won.

At noon of the tenth day of April, 1877, the booming of the cannon was heard which announced that King Kalākaua had named Liliʻuokalani heir apparent to the throne of Hawaiʻi. (Liliʻu’s brother changed her name when he named her Crown Princess, calling her Liliʻuokalani.)

King Kalākaua died on January 20, 1891; because he and his wife Queen Kapiʻolani did not have any children, his sister, Liliʻuokalani succeeded him to the Hawaiian throne.  Queen Liliʻuokalani was Hawaiʻi’s last monarch.

In 1909, Queen Liliʻuokalani executed a Deed of Trust that established the legal and financial foundation of an institution dedicated to the welfare of orphaned and destitute children of Hawaiʻi – Queen Liliʻuokalani Trust.

Her Deed of Trust states that “all the property of the Trust Estate, both principal and income … shall be used by the Trustees for the benefit of orphan and other destitute children in the Hawaiian Islands, the preference given to Hawaiian children of pure or part-aboriginal blood.”

The trust owns approximately 6,200-acres of Hawaiʻi real estate, the vast majority of which is located on the Island of Hawaiʻi.  92% is agriculture/conservation land, with the remaining land zoned for residential, commercial and industrial use.

The trust owns approximately 16-acres of Waikīkī real estate and another 8-acres of commercial and residential real estate on other parts of Oʻahu.

An interesting side note relates to the role and relationship Pauahi and Liliʻuokalani had with William Owen Smith, the son of American Protestant missionaries.

During the revolutionary period, Smith was one of the thirteen members of the Committee of Safety that overthrew the rule of Queen Liliʻuokalani (January 17, 1893) and established the Provisional Government and served on its executive council.

When not filling public office, Smith had been engaged in private law practice – Smith and his firm wrote the will for Princess Pauahi Bishop that created the Bishop Estate.

Pauahi recommended to Queen Liliʻuokalani that he write her will for the Liliʻuokalani Trust (which he did.) As a result, Liliʻuokalani and Smith became lifelong friends; he defended her in court, winning the suit brought against her by Prince Jonah Kūhiō.

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Paki_sisters-Bernice Pauahi Paki and Lydia Kamakaeha Paki (Liliuokalani)-1859
Lydia Kamakaʻeha Pākī, the future Queen Liliuokalani, in her youth possibly at Royal School.
Abner Pākī (c. 1808–1855) was a member of Hawaiian nobility. He was a legislator and judge
Laura Kōnia (c. 1808–1857) was a member of the Hawaiian royal family. She was grandaughter of King Kamehameha I
Caesar Kapaakea and Analea Keohokālole, parents of King Kalakaua and Queen Liliuokalani
(L_to_R)-Laura Cleghorn, Princess Liliʻuokalani, Princess Likelike & Keawepoʻoʻole. (L_to_R) Thomas Cleghorn, John O Dominis & Archibald S Cleghorn
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TRoyal_School-Chiefs' Childrens School-July 20, 1841
Haleakala-Bishop_Property-on_King_Street-1855
Haleakala-front-(DMY)

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Kamehameha V Cottage

Prince Lot Kapuāiwa, who later became Kamehameha V, owned a cottage in an area now known as Moanalua Gardens next to a kalo patch, a fishpond and Chinese Hall.  Moanalua Gardens is a 24-acre privately-owned public park in Honolulu, Hawaii.

The cottage, built during the 1850s, is a single-story wooden structure laid out in Hawaiian style with a Victorian motif.

The building is comprised of three separate units: a cooking and eating unit; a living and sleeping unit; and an entertaining pavilion (this third unit is a post-Kamehameha V addition). The units are all attached to each other by a series of roofed lanai.

The exterior wall of the center building is made of clapboard whereas that of the dining and kitchen hall is made of board and batten.

The exterior trim is of Victorian Gingerbread (the cresting), accenting each of the different roof styles of the units (gable, simple shed, hip, and domelike roofs). The single unifying factor of the roof in the overall building is the consistent use of wooden shingles.

The original cottage (the center unit) was very simple with minimal ornamentation. The revival of hula performances may have had some influence on the construction as the original cottage had a lanai that completely surrounded the building where hula could have been performed for invited guests.

In 1856, Prince Lot built the kitchen and dining unit as a separate building using tongue-and-groove material with vertical molded battens over the joints.

Lot Kapuāiwa, four years older than his brother Kamehameha IV, ascended to the throne at his brother’s death in 1863.  Like his brother, he ruled for nine years (1863 to 1872.)

In 1864, when it appeared that a new constitution could not be agreed upon, he declared that the Constitution of 1852 be replaced by one he had written himself.

Kamehameha V (Lot) founded the Royal Order of Kamehameha I on April 11, 1865, in commemoration of his grandfather Kamehameha the Great.

The stated purpose of the order was “to cultivate and develop, among our subjects, the feelings of honor and loyalty to our dynasty and its institutions and … to confer honorary distinctions upon such of our subjects and foreigners as have rendered,  or may hereafter render to our dynasty and people, important services.”

Known as “the bachelor king,” Lot Kamehameha did not name a successor, which led to the invoking of the constitutional provision for electing kings of Hawai`i.

Under the Kingdom’s 1864 constitution, if the king did not appoint a successor, a new king would be elected by the legislature from the eligible Hawaiian royals still alive. William Charles Lunalilo and David Kalākaua were the candidates; Lunalilo was the more popular of the two.

The property was transferred to Bernice Pauahi Bishop, the last of the Kamehameha line.  She willed (in 1884) the ahupua‘a (land division) of Moanalua to Samuel Mills Damon.

In the 1900s, Damon renovated the cottage and used it as a residence.  In 1961, lattice work around the building was added, and around 1972-1973, a new shingled roof was installed.

The building has been situated at three different Moanalua sites since its original construction. It was moved to its present location in 1960.

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The New “Big 5”

This story was inspired by a luncheon talk former OHA Trustee, Peter Apo gave to the Hawaiʻi Economic Association I attended. Although he hinted at the “Big 5” reference, he purposefully referenced it differently.

Since the early/mid-1800s, until relatively recently, five major companies emerged and dominated the state’s economic framework. Their common trait: they were founded in agriculture – sugar and pineapple.

They became known as the Big 5: Amfac – starting as Hackfeld & Company (1849;) Alexander & Baldwin (1870;) Theo H. Davies (1845;) Castle & Cooke (1851) and C. Brewer (1826.)

The luncheon talk suggested a new group of five is making a difference in Hawaiʻi’s economic scene.

The new “Big 5:” Kamehameha Schools, Queen Emma Foundation/Queens Health Systems, Department of Hawaiian Home Lands, Office of Hawaiian Affairs and Queen Liliʻuokalani Trust.

Their common trait: they are entities formed from or for native Hawaiians.

Kamehameha Schools (KS)

The largest, Kamehameha Schools (KS) was founded under the terms of the 1884 will of Bernice Pauahi Bishop and is supported by the land assets she provided to support the schools.

The Princess noted in her will that a trust is “to erect and maintain in the Hawaiian Islands two schools, each for boarding and day scholars, one for boys and one for girls, to be known as, and called the Kamehameha Schools.”

She further stated, “I desire my trustees to provide first and chiefly a good education in the common English branches, and also instruction in morals and in such useful knowledge as may tend to make good and industrious men and women”.

Through the legacy of its founder, KS is endowed with 365,000-acres of land statewide, ninety-eight percent of which is in agriculture and conservation.

KS has about 1,000 agricultural tenants who farm a variety of crops including coffee, papaya, pineapple, macadamia nuts, lettuce, asparagus, sweet potatoes, taro, watercress, avocado, bananas, tomatoes, cattle, aquaculture, and more.

Kamehameha Schools has net assets of nearly $7-billion and annual operating revenue of $1.34-billion.

Queen Emma Foundation/Queens Health Systems

The Queen’s Hospital, now called The Queen’s Medical Center, was founded in 1859 by Queen Emma and King Kamehameha IV.

Queen Emma Land Company was established to support the Queen’s Medical Center and its affiliates and accomplishes this by managing and enhancing income-generating potential of the lands left to the Queen’s Hospital by Queen Emma in 1885 and additional properties owned by the Queen’s Health Systems.

Today, the Queen’s Health Systems is Hawaiʻi’s oldest health care-related family of companies, ranking 13th in size among Hawaiʻi’s corporations and employing approximately 3,700 employees with net revenues of roughly $516-million.

Department of Hawaiian Home Lands (DHHL)

Written in 1920 and passed in 1921 by the US Congress, the “Hawaiian Homes Commission Act” established a structure and framework for the establishment of the Department of Hawaiian Home Lands (DHHL) to enable native Hawaiians to return to their lands in order to fully support self-sufficiency for native Hawaiians and the self-determination of native Hawaiians.

The principal purposes of the Act: establishing a permanent land base for the benefit and use of native Hawaiians; placing native Hawaiians on the lands; preventing alienation of the fee title to the lands set aside so that these lands will always be held in trust for continued use by native Hawaiians in perpetuity …

… providing adequate amounts of water and supporting infrastructure, so that homestead lands will always be usable and accessible; and providing financial support and technical assistance to native Hawaiian beneficiaries.

When considering development and use of its lands, DHHL asserts its land use authority over Hawaiian Home Lands through its General Plan and Island Plans and is exempt from State and County land classification requirements.

DHHL has net assets of approximately $717-million and annual operating revenue of over $12-million, plus on-going capital improvement/development expenditures.

Office of Hawaiian Affairs (OHA)

Amendments to the State Constitution in 1978 established the Office of Hawaiian Affairs (OHA.) Those amendments also established a board of trustees for the Office of Hawaiian Affairs.

The Office of Hawaiian Affairs is a semi-autonomous state agency created “to address the needs of the aboriginal class of people of Hawaii.”

Duties of the Board of Trustees include, “hold title to all the real and personal property now or hereafter set aside or conveyed to it which shall be held in trust … (as well as) manage and administer the proceeds from the sale or other disposition of the lands, natural resources, minerals and income derived from whatever sources for native Hawaiians and Hawaiians”.

Recently, it was announced that the State and OHA settled disagreements on past ceded land payments. The State is giving about 25 acres of land to OHA, worth $200 million.

This is added to its existing inventory of Wao Kele O Puna (25,800+ acres,) Waimea Valley (1,800-acres) and other smaller properties.

The Office of Hawaiian Affairs has net assets of over $650-million and operating revenue of over $40-million.

The Liliʻuokalani Trust (QLT)

In 1909, Queen Liliʻuokalani executed a Deed of Trust that established the legal and financial foundation of an institution dedicated to the welfare of orphaned and destitute children of Hawaiʻi.

Her Deed of Trust states that “all the property of the Trust Estate, both principal and income … shall be used by the Trustees for the benefit of orphan and other destitute children in the Hawaiian Islands, the preference given to Hawaiian children of pure or part-aboriginal blood.”

The trust owns approximately 6,200-acres of Hawaiʻi real estate, the vast majority of which is located on the Island of Hawaiʻi. 92% is agriculture/conservation land, with the remaining land zoned for residential, commercial and industrial use.

The trust owns approximately 16-acres of Waikīkī real estate and another 8-acres of commercial and residential real estate on other parts of Oʻahu. It has operating revenues of approximately $40-million.

In addition to these land holdings, the Legislature created the Kahoʻolawe Island Reserve Commission (KIRC) to manage the Kahoʻolawe Island Reserve while it is held in trust for a future Native Hawaiian sovereign entity.

While most of the prior “Big 5” have slowly faded away and no longer influence Hawaiʻi’s economy as in the past, these other five have a growing presence and influence in Hawaiʻi’s future.