9 return ofprivate foundation...

Form 990-PFDepartment of the Tr e;suInternal Revenue Service

9

Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private FoundationNote: The foundation may be able to use a copy of this return to satisfy state reporti

OMB No. 1545-0052

2007For calendar year 2007, or tax year beoinnina , and endino

G Check all that awtv: E] Initial return Final return [J Amended return Address chang e Name chap e

Use the IRS Name of foundation A Employer Identification number

label.otherwise , OBLES FOUNDATION 99-0336557

print Number and street (or P O box number If mall Is not delivered to street address ) Roo^g^^^ B Telephone numberor type . ,0. BOX 3170 DEPT 715 808 694-4612

See SpecificInstructions . City or town, state, and ZIP code C If exemption application Is pending , check here

ONOLULU H I 96802-3170 D 1- Foreign organizations, check hereH Check type of organization ^X Section 501 (c)(3) exempt private foundation 2' me°n°' 'adons=Preno85%

test pill,stliscl

Section 4947 ( a )( 1 ) nonexem pt charitable trust 0 Other taxable p rivate foundation it dE if i t f d t t t tus was erm napr oun ion s a eva e aI Fair market value of all assets at end of year J Accounting method OX Cash L1 Accrual under section 507(b)(1)(A), check here ►(from Part 1!, co!. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination► $ 2 , 941 , 921 . (Part !, column (a) must be on cash basis.) under section 507 ( b )( 1 ) B), check here ►! Analysis of Revenue and Expenses

(The total of amounts in columns (b), (c), and (d) may not ( a) Revenue and (b) Net investment (c) Adjusted net d Dlsbursernentsfor charitable purposes

necessarily equal the amounts In column (e).) expenses per books income income (cash basis ony)

I Contributions, gifts, grants, etc., received . T

2 Checklo-EK] if the foundation s not required to attach Sch. 8

3 cash vestswi ngs and temporary ... 9 , 274 . 9 274. ' T.

4 Dividends and interest from securities.... 79 , 821. 79,821. STATEMMT 25a Gross rents . . .b Net rental Income or poss)

e 6a Net gain or poss) from sale of assets not on line 10 131 , 313.C onb ssai'elie fora" 1,991,286.

7 Capital gain net income (from Part IV, line 2 131,313.^¢ 8 Netsho -term ca L rIVED...... ,

9 Income odtfcabons.....'j Gross sal 1 returns Uri

10a e„d atl N(l,I

b Less

cos

i0 s fold' V Il

c Gross profit r loss)_._.r ..

j 11 Otherlncbme OGDEN UT.1

12 Tota I. Add-hnes-1-thro 220F408. 220 , 408.13 Compensation of officers, din ic, rs, trustees , etc 22 t 876. 11 , 438. 11 , 438.14 Other employee salanes and wages .. 7,270. 0. 7,270.15 Pension plans, employee benefits

16a Legal fees

a b Accounting fees STMT .3 2 , 000. 600. 1,400.W c Other professional fees

17 Interest

18 Taxes STMT 4 6 , 333. 0. 0.19 Depreciation and depletion20 Occupancy

21 Travel, conferences , and meetings

22 Punting and publications

c 23 Other expenses .. STMT 5 5. 0. 5.

W 24 Total operating and administrative

a expenses . Add lines 13 through 23 38 484. 12 0 3 8. 20 , 113.0 156 000 156 00025 Contributions, gifts, grants paid . , . , .

26 Total expenses and disbursements.

Add lines 24 and 25 194 484. 12 , 038. 176 113.27 Subtract line 26 from line 12-

a Excess of revenue over expenses and disbursements 25 1 924.b Net investment income (if negative, enter -o-) 208 1 370- 1C Ad l usted net Income (ifn egative, enter-o-) N/A

LHA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions.72350102-20-08

112501027 791519 135082250 2007.06000 ROBLES FOUNDATION

Form 990-PF (2007)

13508221

Form 990-PF 120071 RfRT.F.S FfITNTWPTON 99-0336557 Paae2

,od„iesa,dtr,ti„ tio„B l Sh t

Beginning of year End of yeart ft a ance ee s colurm should to toren6* V l l(a) Book Value a ue(b) Book (c) Fair Market Va ue

1 Cash - non-Interest-bearing....... .. . .. . . ..... 4 12 0 . 608. 608.

2 Savings and temporary cash investments ... .. 119 , 172. 151 916. 151 , 916.3 Accounts receivable ►

Less- allowance for doubtful accounts ►4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers, directors, trustees, and other

disqualified persons ..-

7 Od notes and loam mmyabie

Less* allowance for doubtful accounts ►8 Inventories for sale or use

9 Prepaid expenses and deferred charges

10a Investments - U S. and state government obligations

b Investments - corporate stock ......

c Investments - corporate bonds

11 Invest nests - land. buVdngs, and equipment basis ►

La minulattddepredadon .. . .. . ►

12 Investments - mortgage loans

13 Investments - other STMT 6 2 , 484 , 446. 2 , 481 , 136. 2 , 789 , 397.14 Land, buildings, and equipment: basis ►

Lem a=muWbd depniaad n ►

15 Other assets (describe ► )

16 Total assets to be com pleted by all filers 2 6 07 , 738. 2 F 6_33 , 660. 2 941 , 921.17 Accounts payable and accrued expenses

18 Grants payable

m 19 Deterred revenue . . . ... . .

20 Loans from officers , directors , trustees , and other disqualified persons .. -

220 21 Mortgages and other notes payable

J 22 Other liabilities (describe ►

23 Total liabilities (add lines 17 throw h 22) 0. 0.

Foundations that follow SFAS 117, check here ► 0and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted

25 Temporarily restricted

m 26 Permanently restricted . ... . . . . .. . ..... . ........ .

C Foundations that do not follow SFAS 117, check here Po.U. and complete lines 27 through 31.

27 Capital stock, trust principal, or current funds 2 , 607 , 738. 2 , 633 , 660

28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0

29 Retained earnings, accumulated income, endowment, or other funds - 0. 0

Z 30 Total net assets or fund balances 2 , 607,738. 2 , 633 , 660.

31 Total liabilities and net assets and balances - 2 , 607 , 738. 1 2 , 633 , 660 .

pjj Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year' s return)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize ) ► ROUNDING

6 Total net assets or fund balances at end of year ( line 4 minus line 5) - Part II, column (b), line 30

72351102-20-08

212501027 791519 135082250 2007.06000 ROBLES FOUNDATION

2,607,738.25,924.

0.2,633,662.

2.2,633.660.

Form 990-PF (2007)

13508221

Form 990-PF (2007) ROBLES FOUNDATION 99-0336557 rt,1N. Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold (e g., real estate,2-story brick warehouse , or common stock , 200 shs MLC Co.)

(b How acquired

D -Purchase

(c) Date acquired(mo., day, yr)

( d) Date sold(mo ., day, yr.)

to SEE STATEMENT GLR-1 P VARIOUS VARIOUS

b SEE STATEMENT GLR-1 P VARIOUS VARIOUSc CAPITAL GAINS DIVIDENDSd

e

(e) Gross sales price ( f) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)(e) plus (f) minus (g)

a 1 , 524,223. 1,492,691. 31 , 532.b 432 905. 367 282. 65,623.c 34 , 158. 34 , 158.d

e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col. (h) gain minus

(I) F.M V as of 12/31/69( 1) Adjusted basisas of 12/31/69

(k) Excess of col. (I)over col . (j), if any col .

than -0-) orcol(k,but (

notfrom

less

a 31,532.b 65 , 623.C 34 , 158.d

e

2gain,

entereter -0enter

-inin

PartPart II1Capital gain net income or (net capital loss) If ( loss)

als oline

77 ••

2 131 , 313.

3

,,

,

Net short-term capital gain or (loss ) as defined in sections 1222(5) and (6).If gain, also enter in Part I, line 8 . column (c)If (loss ), enter -0- in Part I, line 8 3 N/A

Pa IF I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940( a) tax on net investment income )

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period ? 0 Yes [XI No

If 'Yes' the foundation does not qualify under section 4940 (e). Do not complete this part.1 Enter th e appropriate amount in each column for each year ; see instructions before making any entries.

Base penod yearsCalendar year ( or tax year beg i nning in )

( b)Adjusted qualifying distributions

(c)Net value of nonchantable -use assets

Distribution ratio(col. (b) divided by col. (c))

2006 129 005. 2 , 822 , 186. .0457112005 141 662. 2 , 735 , 281. .0517912004 126 299. 2 , 733 , 731. .0462002003 128,447. 2 , 542 , 751. .0505152002 143 635. 2 , 608 , 492. .055064

2 Total of line 1, column (d) 2 .249281

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 .049856

4 Enter the net value of noncharitable -use assets for 2007 from Part X , line 5 .......... .... 4 2 r 936 , 222.

5 Multiply line 4 by line 3 ... .... .. 5 146 t 388.

6 Enter 1 % of net investment income ( 1 % of Part I, line 27b) . . . .. . 6 2 , 084.

7 Addlines5and6 7 148 , 472.

8 Enter qualifying distributions from Part XII , line 4 ... . ...... .. .. . ... 8 176,113.

If line 8 is equal to or greater than line 7 , check the box in Part VI, line 1b, and complete that part using a 1 % tax rate.See the Part VI instructions

723521/02-20-08 Form 990-PF (2007)3

12501027 791519 135082250 2007.06000 ROBLES FOUNDATION 13508221

Form 990-PF (2007) ROBLES FOUNDATION 99-0336557 PagePart Vi Excise Tax Based on investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here ► LI and enter 9WA' on line 1

Date of ruling letter: ( attach copy of ruling letter if necessary-see Instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► [XI and enter 1% 1 2 0 84 .

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) . .. 2 0

3 Add lines 1 and 2 .. . .. ... . . . . ... ....... .... .. 3 2 , 084.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0

5 Tax based on Investment Income . Subtract line 4 from line 3. If zero or less, enter -0- - . 5 2 , 084.

6 Credds/Payments.

a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a 3 , 800

b Exempt foreign organizations - tax withheld at source - - - - 6b

c Tax paid with application for extension of time to file (Form 8868) - 6c

d Backup withholding erroneously withheld 5d

7 Total credits and payments Add lines 6a through 6d 7 3,800......

8 Enter any penalty for underpayment of estimated tax. Check here [] if Form 2220 is attached ... 8

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9

10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid .. . . ► 10 1 , 716.

11 Enter the amount of line 10 to be: Credited to 2008 estimated tax ► 1 716. Refunded ► 11 0

f VII-A -1 Statements Regarding Activities

1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No

. . .. ..any political campaign9 1 a X. ...............

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X

If the answer is "Yes" to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or

distributed by the foundation in connection with the activities.

c Did the foundation file Form 1120-POL for this year?.- . .... 1 c X

d Enter the amount (d any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation ► $ 0. (2) On foundation managers. ► $ 0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers. ► $ 0.2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

If "Yes, " attach a detailed description of the activities.

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes . 3 X

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X

b If 'Yes; has it filed a tax return on Form 990-T for this year? N / A.. 4b

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? . .... . . 5 X

If "Yes, " attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? 6 X.

7 Did the foundation have at least $5,000 in assets at any time during the year? , .. .. .. . .... .. 7 X

If "Yes, " complete Part ll, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►HI

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No," attach explanation ...... 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(1)(5) for calendar

year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If "Yes," complete Part XIV 9

0 Did any persons become substantial contributors during the tax year? if'Y .' attach a schedule ligena their names and add 10 X

Form 990-PF (2007)

723531o2-20-08


Form 990-PF (2007) ROBLES FOUNDAT ION 99-0336557

VOA Statements Regarding Activities (continueco11 a At any time during the year , did the foundation, directly or indirectly , own a controlled entity within the meaning of section 512(b)(13)?

If 'Yes' attach schedule . (see instructions) 11a X

b If'Yes , did the foundation have a binding written contract in effect on August 17, 2006 , covering the interest , rents , royalties, and

annuities described in the attachment for line 11a? N/A 11b

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption applications 13 XWebsite address ► N/A

14 The books are m care of ► BANK OF HAWAII Telephone no. 11,- (808 ) 694-4612

I-ocatedat ► 130 MERCHANT ST, HONOLULU, HI zip+4 ►9681315 Section 4947 (a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here . ►O

and enter the amount of tax-exempt interest received or accrued during the year . ► 115 I N/A

f'artVU-B Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No

1 a During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? LI Yes M No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ... 0 Yes [] No

(3) Furnish goods , services, or facilities to (or accept them from) a disqualified person? .- LI Yes No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . Yes L] No

(5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person )?.. -. . 0 Yes ^ No

(6) Agree to pay money or property to a government official? ( Exception . CheckNo'

lithe foundation agreed to make a grant to or to employ the official fora period after

termination of government service , if terminating within 90 days .) =Yes 0 Nob If any answer is'Yes' to l a(l)-(6 ), did any of the acts fail to quality under the exceptions described in Regulations

section 53.4941( d)-3 or in a current notice regarding disaster assistance (see page 22 of the instructions )? 1b X

Organizations relying on a current notice regarding disaster assistance check here ►Qc Did the foundation engage in a prior year in any of the acts described in 1 a, other than excepted acts, that were not corrected

before the first day of the tax year beginning in 2007?.. - . ,... 1 c X

2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private operating foundation

defined in section 4942 (j)(3) or 4942(j)(5)):

a At the end of tax year 2007 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year(s) beginning

before 2007? . LI Yes Ex No

If 'Yes,' list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect

valuation of assets ) to the year' s undistributed income? ( If applying section 4942(a)(2) to all years listed , answer 'No' and attach

statement - see instructions .) . . ..... - - - , . . . . .. . N/A . 2bc If the provisions of section 4942 (a)(2) are being applied to any of the years listed in 2a, list the years here.

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any timeduring the year? .... . .. .. .. . . .. - . - . L] Yes 0 No

b If 'Yes' did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or disqualified persons after

May 26 , 1969; (2 ) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943 (c)(7)) to dispose

of holdings acquired by gift or bequest , or (3) the lapse of the 10-, 15-, or 20-year first phase holding period ? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2007.) .. .... - . . . .. N/A - 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes ? . - .. 4a X

b Did the foundation make any investment in a prior year ( but after December 31, 1969 ) that could jeopardize its charitable purpose that

72354102-20.07

4b X

Form 990-PF (2007)


. ROBLES FOUNDATION 99-0336557 FP$rtV11-B Statements Regarding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to-

(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945(e))? .. .. 0 Yes IX No

(2) Influence the outcome of any specific public election (see section 4955 ); or to carry on , directly or indirectly,

any voter registration drive? . . _ _ . . _ . . .. . . .. 0 Yes 0 No

(3) Provide a grant to an individual for travel , study , or other similar purposes? . 0 Yes ENE No

It if any answer is 'Yes'to 5a ( 1)-(5), did any of the transactions fail to quality under the exceptions described in Regulation

(4) Provide a grant to an organization other than a charitable, etc., organization described in section

509(a)(1), (2), or (3), or section 4940(d)(2)?

(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for

the prevention of cruelty to children or animals? ... .

section 53.4945 or in a current notice regarding disaster assistance (see instructions)? .

Organizations relying on a current notice regarding disaster assistance check here ... ..

c if the answer is 'Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant9 N/A

If "Yes," attach the statement required by Regulations section 53.4945-5(a).

6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If you answered "Yes" to 6b, also file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? . . ......

h If vas did the foundation rereive any nrnre rIs or have any net inr nma attnhutahle to the transactmn

El Yes EXI No

0 Yes © No

sN/Amoo

El Yes E] No

Yes FX1 No6b X

=yes OX NoN/A 7b

^iN Information About Officers, Directors, Trustees, Foundation Managers , HighlyPaid Employees, and Contractors

I List all officers, directors, trustees , foundation managers and their compensation.

(a) Name and address(b) Title , and average

hours per week devotedto osition

(c) Compensation(If not paid,enter 4- 11

(d) ux*ibudons to

andcmvmwnon

(e) Expenseaccount, otherallowances

BANK OF HAWAII GENTP.O. BOX 3170HONOLULU , HI 9 6802-3170 1.00 22 , 876. 0. 0.A.G. OAKS PRESIDENT/TRE ASURERC/O BOH , P.O. BOX 317 0HONOLULU, HI 96802-3170 0.00 0. 0. 0.A.M. OAKS ICE PRESIDEN T/SECRETA RYC/O BOH , P.O. BOX 3170HONOLULU , HI 96802-3170 0.00 0. 0. 0.

2 Compensation of five highest-paid employees (other than those included on line 1). If none, enter "NONE."

(a) Name and address of each employee paid more than $50,000(b) Title and avers l ehours per week

devoted to osition(c) Compensation =

cWvvin on

Expenseaccount, therallowances

NONE

Total number of other employees paid over $50,000 10. 1 0

Form 990-PF (2007)

723551Q2-20-08



Information About Officers , Directors, Trustees , Foundation Managers, HighlyPaid Employees, and Contractors (continued)

3 Five highest-paid independent contractors for professional services. If none, enter "NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE

Total number of others receiving over $50 ,000 for rofessional services 0

[ Part 1*-A I Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as the I Expensesnumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc.

I N/A

4

I I'C'E IA-U I Summary of Program-Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 . Amount

1 N/A

2

All other program-related investments . See instructions.

3

Total . Add lines 1 throw h 3 I11110. 0.

Form 990-PF (2007)

72356102-20-08


'Form 990-PF(2007) ROBLES FOUNDATION 99-0336557

dart Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc , purposes.

a Average monthly fair market value of securities la 2,771 , 393.

b Average of monthly cash balances . ... . .. ... ... .. .. _.. lb 209 , 543.c Fair market value of all other assets 1c

If Total (add lines 1a, b, and c) .. 1 d 2 , 980 , 936.e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .. . . .. . . . . . .... . . ... le 0_1

2 Acquisition indebtedness applicable to line 1 assets 2 0

3 Subtract line 2 from line ld . 3 2,980 , 936.4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 44 , 714.5 Net value of noncharitable -use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 2 1 936 , 222.6 Minimum Investment return . Enter 5% of line 5 it 146.811.Fp Distributable Amount (see instructions) ( Section 4942 (j)(3) and (1)(5) private operating foundations and certain

foreign organizations check here ► 0 and do not complete this part )

1 Minimum investment return from Part X, line 6 .... . . . .

-

1 146 , 811.

2a Tax on investment income for 2007 from Part VI, line 5 .. . . ._. .. .. 2a 2 ,084.

b Income tax for 2007 (This does not include the tax from Part VI.) . 2b

c Add lines 2a and 2b .... ... . .... . . ..... .. . . .. .. . .. . ... 2c 2 , 084.3 Distributable amount before adjustments . Subtract line 2c from line 1 3 144 , 727 .

4 Recoveries of amounts treated as qualifying distributions. ... 4 0

5 Addlines3and4 . . . .. . .. ... .. .. ... .. . .. . 5 144,727 .

6 Deduction from distributable amount (see instructions) 6 07 Distributable amount as adjusted . Subtract line 6 from line 5. Enter here and on Part XIII , line 1 7 144 , 727 .

X Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 1 a 176 , 113.b Program-related investments - total from Part IX-B _ . , 1b 0

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes _ 2

3 Amounts set aside for specific charitable projects that satisfy the,

a Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) ......... . . .. 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4. .. 4 176 , 113.5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b ... .. ........ .. 5 2 , 084.6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 174 , 029.

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section4940(e) reduction of tax in those years.

Form 990-PF (2007)

72357102-20-08



X Undistributed Income (see instructions)

1 Distributable amount for 2007 from Part XI,

line 7 . ...

2 Undistributed income, if any, as of the end of 2006

a Enter amount for 2006 only

b Total for prior years.

3 Excess distributions carryover, If any, to 2007.

a From 2002

b From 2003

c From 2004

d From 2005

e From 2006f Total of lines 3a through e ...

4 Qualifying distributions for 2007 fromPart XII, line 4: 10, $ 176,113.

a Applied to 2006, but not more than line 2a

b Applied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

d Applied to 2007 distributable amount ....

e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2007Of an amount appears in column (d), the same amountmust be shown in column (a))

6 Enter the net total of each column asIndicated below:

a Corpus Add lines 3f, 4c, and 4e. Subtract line 5

b Prior years' undistributed income Subtract

line 4b from line 2b

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

d Subtract line 6c from line 6b. Taxable

amount - see instructions .. .

e Undistributed income for 2006. Subtract line

4a from line 2a. Taxable amount - see instr..

f Undistributed income for 2007. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2008 .. ......

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or4942(g)(3) . _

8 Excess distributions carryover from 2002

not applied on line 5 or line 7 . . _ _

9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9.

a Excess from 2003

b Excess from 2004

c Excess from 2005

d Excess from 2006

72358102-20-08

(a) (b) (c) (d)Corpus Years prior to 2006 2006 2007

144,727.

130 122.

0.

0.

130 122.

0.

0.45 1 991.

0.0. 0.

0.

0.

0.

0.

0.

98,736.

0.

0.

0.

Form 990-PF (2007)


Private ons see instructions and Part VII-A, question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation , and the ruling is effective for 2007, enter the date of the ruling .. .

b Check box to indicate whether the foundation is a private operating foundation described in

2 a Enter the lesser of the adjusted net Tax year

income from Part I or the minimum (a) 2007

investment return from Part X for

each year listed

b 85% of line 2a .......

c Qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from line 2c..3 Complete 3a, b, or c for the

alternative test relied upon.a 'Assets' alternative test - enter

(1) Value of all assets . .

(2) Value of assets qualifyingunder section 4942(1)(3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted .

c 'Support alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942 (j)(3)(B)(iii)

(3) Largest amount of support from

an exempt organization . .

2006

.ionPrior 3 year

(c) 2005

Rii-d Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any taxyear (but only it they have contributed more than $5 ,000) (See section 507(d)(2).)

NONE

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership orother entity) of which the foundation has a 10% or greater interest.

NONE2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here ► if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. It

the foundation makes gifts, grants , etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d.

a The name , address , and telephone number of the person to whom applications should be addressed:

THIS FOUNDATION HAS NO FORMAL GRANT PROCEDURES AT THE PRESENT TIME.

b The form in which applications should be submitted and information and materials they should include:N/A

c Any submission deadlines:N/A

d Any restrictions or limitations on awards, such as by geographical areas , charitable fields, kinds of institutions , or other factors*N/A

723801/02-20-08

99-0336557 Page10

N/A

142(1)(3) or 0 4942h)( 5)

(d) 2004 (e) Total

Form 990-PF (2007)10


990-PF (2007) ROBLES FOUNDATION 99-0336557

3 Grants and Contributions Paid During the Year or Approved for Future Pa ent

Recipient If recipient is an individual,show any relationship to Foundation Purpose of g rant or

Name and address (home or business ) any foundation manager status of contribution Amountor substantial contributor recipient

a Paid dunng the year

SEE STATEMENT GRANTS-1 156,000.

Total .. . t 3a 156 , 000.b Approved for future payment

NONE

Total . .. .. 1 3b 1 0... .. ... . .. . . . . .... ... .723e11/02-20-08 Form 990-PF (2007)


Form 990-PF (2007) ROBLES FOUNDATION 99-0336557

"art XVi-A Analysis of Income-Producing Activities

Enter

1 Pro

a

b

c

d

e

f

92 Me

3 Int

inv

4 Div

5 Net

a

b

6 Net

pro

7 Ot

8 Ga

th

9 Ne

10 Gr

11 Ot

a

b

cde

12 Su

boss amounts unless otherwise indicated Unrelate d business income Exa ea section 512 513 or514 (e).

ram service revenue'g

(a)Businesscode

(b)Amount

C „_6 ecod

(d)Amount

Related or exemptfunction income

Fees and contracts from government agenciesmbership dues and assessments

Brest on savings and temporary cashestments 14 9 , 274 .idends and interest from securities 14 79,821.rental income or (loss) from real estate:

Debt-financed property

Not debt-financed property ... .. . .......

rental income or (loss) from personal

perty

er investment income . ,

in or (loss) from sales of assets othern inventory .. 18 131,313.

t income or (loss) from special events

oss profit or (loss) from sales of inventory

er revenue:

btotal Add columns (b), (d), and (e) 0. 1 220 , 408.

Nt

t

o

h

a

h

1 0.

13 Total. Add line 12, columns (b), (d). and (e) 13 220,408.

(See worksheet in line 13 instructions to verify calculations )

#Part XYI«8 Relationship of Activities to the Accomplishment of Exempt Purposes

Line No . Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of1 the foundation's exempt purposes (other than by providing funds for such purposes).

/Z 102-20-08 Form 990-PF (2007)


FOmt990-PF(2007) ROBLES FOUNDATION 99-0336557 Pap 13Fart XV.. Information Regarding Transfers To and Transactions and Relationships With Noncharitable

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes Nathe Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a nonchantable exempt organization of:(1) Cash .. . .. .. . . .. . . 1a ( l ) X

(2) Other assets 102 ) X

b Other transactions:

(1) Sales of assets to a nonchardable exempt organization . ...... ..... lb ( i ) X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2 ) X

(3) Rental of facilities, equipment, or other assets ... 1 b(3 ) X

(4) Reimbursement arrangements . . .. . .... . . .. . ... . . ... . . 1b 1 41 ) X

(5) Loans or loan guarantees . .. ... . . .. ... . .... . .. . .. . lb (5 )(6) Performance of services or membership or fundraising solicitations 1b (6)

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 11C

d If the answer to any of the above is 'Yes, complete the following schedule. Column (b) should always show the fair market value of the goods, other assets,

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in

( a) Name of organization (b) Type of organization ( c) Description of relationship

N/A

Under penalties of pequry , I declare that I have examined this return , including accompanying schedules and statements , and to the beat of my knowledge and belief, it Is true , correctand complete. I on of (other than taxpayer or fiduciary) is based on all Information of which preparer has any knowledge.

Signatu f fficer or t tee

Preparers 'C signature

CL rim R,msnarre (oryou ANK OF HAWAII

Q ifgd^VMioie . .0. BOX 3170aaa= and ZIPco HONOLULU, HI 96802-3171

72362202.20-08

12501027 791519 135082250 2007.0600

2a Is the foundation directly or indirectly affiliated with , or related to, one or more tax-exempt organizations described

in section 501(c) of the Code ( other than section 501(c)(3)) or in section 527? ........ ...... .. 0 Yes ® Noh If 'Yac ' nmmnlata the fnlinwinn crhadula

ROBLES•FOUNDATION 99-0336557

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE

BANK OF HAWAII #135082550

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

AMOUNT

9,274.

9,274.

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A)SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

BANK OF HAWAII #135082550 113,979. 34,158. 79,821.

TOTAL TO FM 990-PF, PART I, LN 4 113,979. 34,158. 79,821.

FORM 990-PF ACCOUNTING FEES STATEMENT 3

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

TAX SERVICE FEE 2,000. 600. 1,400.

TO FORM 990-PF, PG 1, LN 16B 2,000. 600. 1,400.

FORM 990-PF TAXES STATEMENT 4



2006 FORM 990-PF EXTENSIONPAYMENT2007 3RD QTR ESTIMATEPAYMENT2007 4RD QTR ESTIMATEPAYMENT

TO FORM 990-PF, PG 1, LN 18

4,600.

783.

950.

6,333.

0. 0.

0. 0.

0. 0.

0. 0.

14 STATEMENT(S) 1, 2, 3, 412501027 791519 135082250 2007.06000 ROBLES FOUNDATION 13508221

ROBLES FOUNDATION 99-0336557

FORM 990-PF OTHER EXPENSES STATEMENT 5



STATE OF HAWAII FILING FEE 5. 0. 5.

TO FORM 990-PF, PG 1, LN 23 5. 0. 5.

FORM 990-PF OTHER INVESTMENTS STATEMENT 6

VALUATION FAIR MARKETDESCRIPTION METHOD BOOK VALUE VALUE

SEE STATEMENT INV-1 COST

TOTAL TO FORM 990-PF, PART II, LINE 13

2,481,136. 2,789,397.

2,481,136. 2,789,397.

15 STATEMENT(S) 5, 612501027 791519 135082250 2007.06000 ROBLES FOUNDATION 13508221

ROBLES FOUNDATION2007 FORM 990-PF, PART IV

99-0336557

Description Sold Acquired Proceeds Cost Gain/Loss

** SHORT TERM CAPITAL GAIN (LOSS)

23 SHS IDEARC INC 01/08/07 04/17/06 678.48 584.64 93.84

170 SHS CATERPILLAR INC 01/08/07 10/25/06 10,209.89 10,394.34 -184.45

320 SHS ANADARKO PETROLEUM CORP 01/08/07 08/02/06 13,426.79 15,390.33 -1,963.54

690 SHS CHESAPEAKE ENERGY CORP 01/08/07 09/05/06 19,505.70 22,233.25 -2,727.55

10 SHS HARTFORD FINANCIAL SVCS GRP 01/08/07 03/23/06 914.67 822.61 92.06

730 SHS OMI CORP NEW 01/08/07 08/02/06 14,949.94 16,244.47 -1,294.53

70 SHS ALLSTATE CORP 01/09/07 01/11/06 4,582.76 3,895.86 686.90260 SHS FORTUNE BRANDS INC 01/09/07 06/08/06 22,091.52 18,919.70 3,171.82260 SHS GENERAL DYNAMICS CORP 01/09/07 01/30/06 20,271.57 15,289.43 4,982.14

190 SHS GENERAL ELECTRIC CO 01/09/07 02/13/06 7,191.28 6,325.59 865.69

20 SHS GOLDMAN SACHS GROUP INC 01/09/07 06/12/06 4,070.07 2,994.27 1,075.80470 SHS CBS CORPORATION CL B 01/09/07 05/12/06 14,687.05 12,108.23 2,578.82

380 SHS CBS CORPORATION CL B 01/09/07 05/15/06 11,874.63 9,730.81 2,143.82

10 SHS CHEVRON CORP 01/09/07 07/05/06 709.48 639.45 70.0340 SHS COACH INC 01/09/07 07/24/06 1,759.95 1,072.24 687.71

500 SHS COCA COLA CO 01/09/07 05/17/06 24,289.85 21,937.45 2,352.40

250 SHS INTEL CORP 01/09/07 09/05/06 5,284.84 4,949.30 335.5470 SHS INT'L BUSINESS MACHINES 01/09/07 01/25/06 6,941.68 5,683.69 1,257.99890 SHS PHARMACEUTICAL PRODUCT DEVEL 01/09/07 11/01/06 28,719.41 28,185.41 534.00460 SHS VERIZON COMMUNICATIONS 01/09/07 04/17/06 16,978.07 14,526.32 2,451.75110 SHS AMERICAN INTL GROUP 01/09/07 01/25/06 7,888.96 7,210.16 678.8040 SHS BEAR STEARNS COS INC 01/09/07 05/24/06 6,608.59 5,091.62 1,516.9730 SHS COLGATE-PALMOLIVE CO 01/09/07 03/13/06 1,982.64 1,742.63 240.0170 SHS COLGATE-PALMOLIVE CO 01/09/07 08/28/06 4,626.16 4,126.85 499.31

70 SHS CONOCOPHILLIPS 01/09/07 07/25/06 4,695.45 4,680.80 14.65290 SHS GENERAL MILLS INC 01/09/07 03/24/06 16,590.39 14,670.81 1,919.58130 SHS GENERAL MILLS INC 01/09/07 08/28/06 7,437.07 7,025.28 411.79590 SHS MELLON FINANCIAL CORP 01/09/07 03/17/06 25,016.64 21,017.92 3,998.72180 SHS MELLON FINANCIAL CORP 01/09/07 06/28/06 7,632.20 6,100.85 1,531.35370 SHS NATIONAL OILWELL VARCO INC 01/09/07 10/25/06 20,526.75 22,787.63 -2,260.88780 SHS NEWS CORPORATION INC CL A 01/09/07 07/24/06 16,917.68 14,491.31 2,426.37310 SHS NEWS CORPORATION INC CL A 01/09/07 07/31/06 6,723.69 5,988.86 734.83110 SHS NUCOR CORP 01/09/07 05/22/06 6,166.41 5,575.34 591.07260 SHS PEDIATRIX MEDICAL GROUP INC COMMON 01/09/07 06/14/06 12,677.21 11,251.19 1,426.02190 SHS PEDIATRIX MEDICAL GROUP INC COMMON 01/09/07 06/15/06 9,264.12 8,461.76 802.3650 SHS PEDIATRIX MEDICAL GROUP INC COMMON 01/09/07 06/16/06 2,437.92 2,234.46 203.46160 SHS QUESTAR CORP 01/09/07 04/05/06 12,463.62 11,374.43 1,089.19120 SHS QUESTAR CORP 01/09/07 09/20/06 9,347.71 9,501.07 -153.36210 SHS SUNTRUST BANKS INC 01/09/07 04/11/06 17,379.32 15,513.26 1,866.06100 SHS SUNTRUST BANKS INC 01/09/07 04/19/06 8,275.86 7,454.80 821.06350 SHS NOBLE CORPORATION 01/09/07 10/16/06 24,180.75 22,698.93 1,481.82750 SHS DUKE ENERGY CORP 01/09/07 04/03/06 14,054.64 12,590.28 1,464.3610 SHS MERIDIAN BIOSCIENCE 01/09/07 06/28/06 248.85 230.35 18.50170 SHS MERIDIAN BIOSCIENCE 01/09/07 06/29/06 4,230.51 4,164.92 65.59150 SHS MERIDIAN BIOSCIENCE 01/09/07 07/14/06 3,732.80 3,442.33 290.4780 SHS MERIDIAN BIOSCIENCE 01/09/07 07/17/06 1,990.83 1,804.08 186.7540 SHS MERIDIAN BIOSCIENCE 01/09/07 07/18/06 995.41 920.47 74.94500 SHS MERIDIAN BIOSCIENCE 01/09/07 07/20/06 12,442.67 11,086.20 1,356.47

STATEMENT GLR-1

PAGE 1 OF 4

ROBLES FOUNDATION 99-03365572007 FORM 990-PF, PART IV


375 SHS SPECTRA ENERGY CORP W/I 01/09/07 04/03/06 10,405.93 9,457.32 948.6190 SHS CSX CORP 02/21/07 01/09/07 3,552.19 3,141.90 410.2930 SHS LOCKHEED MARTIN CORP 02/21/07 01/09/07 3,081.80 2,821.80 260.00500 SHS KING PHARMACEUTICALS INC 02/21/07 01/09/07 9,309.71 8,065.00 1,244.7190 SHS MOLEX INC 02/21/07 01/09/07 2,678.32 2,633.40 44.9250 SHS METLIFE INC INC 02/21/07 01/09/07 3,278.90 2,992.00 286.9050 SHS NUCOR CORP 02/21/07 05/22/06 3,219.40 2,534.25 685.1570 SHS REYNOLDS AMERICAN INC 02/21/07 01/09/07 4,480.56 4,538.10 -57.5480 SHS CVS/CAREMARK CORP 02/21/07 01/09/07 2,615.12 2,510.40 104.72

60 SHS AT&T INC 02/21/07 01/09/07 2,241.61 2,056.80 184.8120 SHS GOOGLE INC CL A 02/21/07 01/09/07 9,395.91 9,709.60 -313.6980 SHS AMR CORP 02/21/07 01/09/07 3,071.90 2,760.00 311.90270 SHS ARCHER-DANIELS MIDLAND CO 02/21/07 01/09/07 9,619.80 8,631.90 987.90140 SHS DARDEN RESTAURANTS INC 02/21/07 01/09/07 5,963.81 5,450.20 513.61200 SHS ISHARES RUSSELL 3000 INDEX 03/14/07 11/07/06 15,979.99 16,028.00 -48.01800 SHS ISHARES RUSSELL 3000 INDEX 03/14/07 12/14/06 63,919.96 66,223.92 -2,303.96700 SHS ISHARES RUSSELL 2000 03/19/07 12/14/06 54,459.17 55,475.00 -1,015.83500 SHS ISHARES RUSSELL 3000 INDEX 03/19/07 11/07/06 40,654.37 40,070.00 584.37170 SHS ABERCROMBIE FITCH CO CL A 03/30/07 01/09/07 12,943.87 12,610.60 333.27

380 SHS OFFICE DEPOT INC 03/30/07 01/09/07 13,330.20 14,318.40 -988.2080 SHS MASTERCARD INC CLASS A 03/30/07 01/09/07 8,499.55 8,130.40 369.15290 SHS TXU CORPORATION 03/30/07 01/09/07 18,618.45 15,552.70 3,065.75180 SHS GILEAD SCIENCES INC 03/30/07 01/09/07 13,843.10 11,712.60 2,130.50580 SHS TIME WARNER INC 04/02/07 01/09/07 11,432.51 12,992.00 -1,559.4910 SHS TIME WARNER INC 04/02/07 02/21/07 197.11 216.70 -19.59180 SHS ROCKWELL AUTOMATION INC 04/02/07 01/09/07 10,798.08 10,805.40 -7.32110 SHS PRINCIPAL FINANCIAL GROUP 04/02/07 01/09/07 6,592.43 6,496.60 95.83.56 SHS KRAFT FOODS INC A 04/02/07 01/09/07 18.26 19.59 -1.33450 SHS AMR CORP 04/24/07 01/09/07 12,586.31 15,525.00 -2,938.69220 SHS NVIDIA CORP 05/24/07 01/09/07 7,347.89 7,477.80 -129.91

270 SHS GENERAL MOTORS CORP 05/25/07 01/09/07 8,194.37 8,324.10 -129.7310 SHS GENERAL MOTORS CORP 05/25/07 02/21/07 303.50 359.90 -56.40110 SHS WELLPOINT INC 05/31/07 01/09/07 8,987.27 8,679.00 308.27690 SHS LSI CORP 06/12/07 01/09/07 5,609.61 6,341.10 -731.49.34 SHS CITADEL BROADCASTING CORP 06/29/07 01/09/07 2.06 2.12 -0.0670 SHS MCGRAW HILL 07/12/07 01/09/07 4,372.84 4,673.20 -300.3640 SHS MCGRAW HILL 07/12/07 02/21/07 2,498.76 2,735.60 -236.8425 SHS CITADEL BROADCASTING CORP 07/12/07 01/09/07 154.25 156.16 -1.91100 SHS SHERWIN-WILLIAMS CO 07/12/07 02/21/07 6,669.90 7,038.00 -368.10390 SHS MERRILL LYNCH & CO INC 07/20/07 01/09/07 31,356.46 36,500.10 -5,143.64100 SHS SIMON PROPERTY GROUP INC COM 07/26/07 01/09/07 8,695.33 10,043.00 -1,347.672145.923 SHS PACIFIC CAPITAL SMALL-CAP FUND 08/02/07 10/16/06 40,386.27 42,403.44 -2,017.17300 SHS ISHARES MSCI EAFE INDEX FUND 08/15/07 09/05/06 22,705.66 20,498.01 2,207.65

300 SHS ISHARES MSCI EAFE INDEX FUND 08/15/07 11/07/06 22,705.66 21,504.00 1,201.66220 SHS MGIC INVT CORP WIS 08/16/07 01/09/07 7,199.76 13,822.60 -6,622.84500 SHS ISHARES MSCI EAFE INDEX FUND 08/21/07 09/05/06 37,375.38 34,163.35 3,212.03350 SHS PATTERSON-UTI ENERGY INC 08/27/07 01/09/07 7,451.38 7,542.50 -91.12200 SHS PPG INDUSTRIES INC 09/04/07 01/09/07 14,723.78 12,962.00 1,761.78280 SHS MATTEL INC 09/04/07 02/21/07 6,000.30 7,607.60 -1,607.30180 SHS OMNICOM GROUP 09/04/07 01/09/07 9,170.86 9,250.20 -79.34

STATEMENT GLR-1PAGE 2 OF 4

ROBLES FOUNDATION2007 FORM 990-PF, PART IV

99-0336557


124.56 SHS KRAFT FOODS INCA 09/04/07 01/09/07 3,998.31 3,783.19 215.12269.44 SHS KRAFT FOODS INC A 09/04/07 01/09/07 8,648.89 9,425.01 -776.1210 SHS KRAFT FOODS INCA 09/04/07 02/21/07 321.00 338.30 -17.30240 SHS IAC/INTERACTIVECORP 09/04/07 01/09/07 6,640.70 8,992.80 -2,352.10260 SHS IAC/INTERACTIVECORP 09/04/07 02/21/07 7,194.09 10,394.80 -3,200.7170 SHS LOCKHEED MARTIN CORP 09/04/07 01/09/07 6,935.50 6,584.20 351.30300 SHS NORTHROP GRUMMAN CORP 09/04/07 01/09/07 23,540.64 20,373.00 3,167.64100 SHS LOEWS CORP CAROLINA GROUP 09/04/07 02/21/07 7,631.88 7,250.00 381.88250 SHS PACTIV CORPORATION 09/04/07 01/09/07 7,262.38 8,887.50 -1,625.12480 SHS CONAGRA FOODS INC 09/04/07 02/21/07 12,369.41 12,552.00 -182.59280 SHS TEXTRON INC 09/06/07 01/09/07 16,074.55 13,228.60 2,845.95200 SHS CVS/CAREMARK CORP 09/06/07 01/09/07 7,643.89 6,276.00 1,367.89300 SHS DEVON ENERGY CORP 09/06/07 01/09/07 23,708.63 19,395.00 4,313.63360 SHS MARATHON OIL CORP 09/06/07 01/09/07 20,678.09 15,296.40 5,381.69230 SHS CSX CORP 09/06/07 01/09/07 9,540.25 8,029.30 1,510.95915.302 SHS PACIFIC CAPITAL SMALL-CAP FUND 10/03/07 10/16/06 17,784.32 18,086.37 -302.05121.576 SHS PACIFIC CAPITAL SMALL-CAP FUND 10/03/07 12/07/06 2,362.23 2,292.93 69.30107.889 SHS PACIFIC CAPITAL SMALL-CAP FUND 10/03/07 12/07/06 2,096.28 2,034.79 61.49250 SHS J C PENNEY CO INC 10/19/07 01/09/07 13,931.05 19,067.50 -5,136.45200 SHS MERRILL LYNCH & CO INC 10/24/07 08/23/07 12,519.33 15,434.10 -2,914.77350 SHS NVIDIA CORP 10/29/07 10/05/07 11,622.86 12,958.86 -1,336.00110 SHS PNC FINANCIAL SERVICES GROUP 10/30/07 01/09/07 7,872.58 8,296.20 -423.62450 SHS TRAVELERS COS INC 10/30/07 01/09/07 23,588.64 23,490.00 98.6470 SHS TRAVELERS COS INC 10/30/07 02/21/07 3,669.34 3,712.10 -42.76360 SHS NISOURCE INC 10/30/07 01/09/07 7,081.09 8,488.80 -1,407.71300 SHS SPDR TR TRUST SERIES 1 10/30/07 09/06/07 46,037.29 44,436.00 1,601.29290 SHS CBS CORPORATION CL B 10/31/07 02/21/07 8,210.26 9,259.70 -1,049.44600 SHS LINEAR TECHNOLOGY CORP 11/07/07 07/06/07 19,407.54 22,419.48 -3,011.94350 SHS NVIDIA CORP 11/12/07 10/05/07 10,698.77 12,958.85 -2,260.08500 SHS POWERSHARES QQQ TRUST SER 1 11/19/07 09/04/07 24,921.32 24,981.40 -60.08100 SHS FISERV INC 11/20/07 01/09/07 5,146.76 5,281.00 -134.2410 SHS FISERV INC 11/20/07 02/21/07 514.68 550.60 -35.92680 SHS BEA SYSTEMS INC 11/20/07 01/09/07 10,674.08 8,724.40 1,949.6810 SHS BEA SYSTEMS INC 11/20/07 02/21/07 156.97 132.30 24.67160 SHS METLIFE INC INC 11/21/07 01/09/07 9,826.66 9,574.40 252.26130 SHS PRUDENTIAL FINANCIAL INC 11/21/07 01/09/07 12,041.71 11,248.90 792.8110 SHS PRUDENTIAL FINANCIAL INC 11/21/07 02/21/07 926.29 924.30 1.99

130 SHS COMPUTER SCIENCES CORP 11/27/07 01/09/07 6,572.69 6,802.90 -230.21

** TOTAL SHORT TERM CAPITAL GA17V (LOSS) 1,524,223.04 1,492,691.32 31,531.72

STATEMENT GLR=1PAGE 3 OF 4

ROBLES FOUNDATION 99-0336557

2007 FORM 990-PF, PART IV


** LONG TERM CAPITAL GAIN (LOSS)

290 SHARES OF 3M CO 01/08/07 11/23/05 22,375.71 22,686.96 -311.25260 SHARES OF CATERPILLAR INC 01/08/07 08/23/05 15,615.12 14,253.10 1,362.02280 SHARES OF ALLSTATE CORP 01/09/07 04/12/04 18,331.03 13,320.07 5,010.96260 SHARES OF ALLTEL CORP 01/09/07 03/12/04 15,929.71 10,699.55 5,230.1620 SHARES OF ALLTEL CORP 01/09/07 04/13/04 1,225.36 818.14 407.22320 SHARES OF GENERAL ELECTRIC CO 01/09/07 03/02/04 12,111.63 10,438.40 1,673.23760 SHARES OF GENERAL ELECTRIC CO 01/09/07 03/12/04 28,765.11 23,332.00 5,433.1160 SHARES OF GENERAL ELECTRIC CO 01/09/07 04/13/04 2,270.93 1,906.20 364.7350 SHARES OF GOLDMAN SACHS GROUP INC 01/09/07 03/02/04 10,175.19 5,355.00 4,820.19

70 SHARES OF GOLDMAN SACHS GROUP INC 01/09/07 03/12/04 14,245.26 7,343.70 6,901.5610 SHARES OF GOLDMAN SACHS GROUP INC 01/09/07 04/13/04 2,035.04 1,059.50 975.5470 SHARES OF CHEVRON CORP 01/09/07 03/02/04 4,966.35 3,136.70 1,829.65180 SHARES OF CHEVRON CORP 01/09/07 03/12/04 12,770.60 7,903.80 4,866.8060 SHARES OF CHEVRON CORP 01/09/07 06/17/05 4,256.87 3,523.80 733.0750 SHARES OF CISCO SYSTEMS 01/09/07 04/13/05 1,434.95 910.07 524.88510 SHARES OF COACH INC 01/09/07 03/04/04 22,439.31 11,084.19 11,355.1240 SHARES OF COACH INC 01/09/07 04/13/04 1,759.94 838.40 921.54360 SHARES OF HOME DEPOT INC 01/09/07 03/12/04 14,208.76 12,936.35 1,272.41180 SHARES OF INTEL CORP 01/09/07 03/02/04 3,805.08 5,353.20 -1,548.12690 SHARES OF INTEL CORP 01/09/07 03/12/04 14,586.15 19,030.20 -4,444.0550 SHARES OF INTEL CORP 01/09/07 04/13/04 1,056.97 1,393.00 -336.03300 SHARES OF MICROSOFT CORP 01/09/07 03/02/04 8,984.72 7,950.00 1,034.72210 SHARES OF MOTOROLA INC 01/09/07 10/26/05 3,891.18 4,407.86 -516.6890 SHARES OF PROCTER & GAMBLE CO 01/09/07 03/12/04 5,702.22 4,652.55 1,049.6720 SHARES OF PROCTER & GAMBLE CO 01/09/07 04/13/04 1,267.16 1,072.40 194.7610 SHARES OF PROCTER & GAMBLE CO 01/09/07 09/06/05 633.58 562.31 71.27340 SHARES OF WACHOVIA CORP 01/09/07 03/12/04 19,226.40 16,428.80 2,797.6030 SHARES OF WACHOVIA CORP 01/09/07 04/13/04 1,696.45 1,401.90 294.5575 SHARES OF AMERICAN FINANCIAL GROUP 01/09/07 08/18/05 2,622.67 1,672.48 950.19630 SHARES OF AMERICAN FINANCIAL GROUP 01/09/07 08/19/05 22,030.42 14,085.54 7,944.88350 SHARES OF AMERICAN INTL GROUP 01/09/07 12/08/05 25,101.22 23,227.19 1,874.03

10 SHARES OF BEAR STEARNS COS INC 01/09/07 09/06/05 1,652.15 1,043.21 608.94420 SHARES OF WYETH 01/09/07 07/15/05 21,700.73 18,992.32 2,708.41120 SHARES OF INGERSOLL-RAND CO CL A 01/09/07 11/09/05 4,759.05 4,604.05 155.0010 SHARES OF CITIGROUP INC 02/21/07 03/02/04 539.48 499.30 40.18100 SHARES OF PROCTER & GAMBLE CO 02/21/07 03/12/04 6,490.94 5,169.50 1,321.4420 SHARES OF INT'L BUSINESS MACHINES 02/21/07 01/25/06 1,981.14 1,623.91 357.23170 SHARES OF MOTOROLA INC 02/21/07 10/26/05 3,216.30 3,568.27 -351.97120 SHARES OF BEAR STEARNS COS INC 06/26/07 09/06/05 16,657.54 12,518.57 4,138.97260 SHARES OF NUCOR CORP 06/26/07 05/22/06 15,152.57 13,178.07 1,974.50360 SHARES OF INGERSOLL-RAND CO CL A 07/31/07 11/09/05 18,228.61 13,812.16 4,416.45130 SHARES OF CITIGROUP INC 11/16/07 03/02/04 4,392.12 6,490.90 -2,098.78170 SHARES OF CITIGROUP INC 11/16/07 03/12/04 5,743.53 8,367.40 -2,623.87470 SHARES OF MOTOROLA INC 11/20/07 10/26/05 7,463.49 9,865.20 -2,401.71300 SHARES OF CITIGROUP INC 12/12/07 03/12/04 9,405.81 14,766.00 -5,360.19

** TOTAL LONG TERM CAPITAL GAIN (LOSS) 432,904.55 367,282.22 65,622.33

STATEMENT GLR-1PAGE 4 OF 4

Robles Foundation99-0336557

Grants for 2007

CharityAmerican Civil Rights InstituteBruin Alumni AssociationCenter for Individual RightsCoalition on Urban Renewal & EducationDavidson CollegeFederation for American Immigration ReformHospice MauiThe Leadership InstituteOregon Institute of SciencePacific Legal FoundationRiver of LifeShared Hope InternationalUCLA Alumni AssociationYouth for Christ, Central Valley Chapter

Address AddressP O Box 188350 Sacramento , CA 95818P.O. Box 221 Culver City, CA 902321233 Twentieth St, N.W. Suite 300 Washington , DC 200366031 W Century Blvd. Suite 950 Los Angeles, CA 90045Box 7162 Davidson , NC 280351666 Connecticut Avenue , NW Suite 400 Washington , DC 20009400 Mahalani Street Wailuku , HI 967931101 North Highland Street Arlington , VA 222012251 Dick George Rd Cave Junction , OR 975233900 Lennane Drive Suite 200 Sacramento , CA 95834P. O. Box 37938 Honolulu , HI 968372906 E. Evergreen Blvd. Vancouver, WA 98661405 Hilgard Ave Los Angeles, CA 90095324 East Roosevelt Rd Wheaton , IL 60187

Grant Purpose17,000.00 General programs6,000.00 General programs10,000.00 General programs7,000.00 General programs22,000.00 General programs10,000.00 General programs10,000.00 General programs10,000.00 General programs10,000.00 General programs10,000.00 General programs23,000.00 General programs10,000.00 General programs6,000.00 General programs5,000.00 General programs

156,000.00

STATEMENT GRANTS-11 OF 1

ROBLES FOUNDATION

99-0336557

INVESTMENTS

FYE 12/31/2007

Description Units Book Value Market Value

AETNA INC NEW 470 19,613.10 27,133.00ALLSTATE CORP 300 16,180.65 15,669.00

ALTRIA GROUP INC 180 12,089.21 13,604.00AT&T INC 1190 40,793.20 49,456.00BANK OF AMERICA CORP 760 32,099.60 31,358.00BECTON DICKINSON & CO 130 9,179.30 10,865.00CATERPILLAR INC 300 23,123.49 21,768.00CISCO SYSTEMS 810 14,834.60 21,927.00COCA COLA CO 450 24,610.28 27,617.00COLGATE-PALMOLIVE CO 280 16,264.50 21,829.00CONOCOPHILLIPS 370 13,310.87 32,671.00DISNEY WALT CO 330 11,236.62 10,652.00EMERSON ELECTRIC CO 420 18,492.60 23,797.00EXXON MOBIL CORP 400 16,744.00 37,476.00FEDERAL NATIONAL MORTGAGE ASSN NOTES 6.625% 09/15/2009 100000 99,873.00 104,969.00GOLDMAN SACHS GROUP INC 225 44,166.12 48,386.00HALLIBURTON CO 830 28,063.44 31,465.00HARRIS CORP 300 19,755.84 18,804.00HEWLETT-PACKARD CO 850 24,617.99 42,908.00HONEYWELL INTERNATIONAL INC 280 12,657.00 17,240.00INT'L BUSINESS MACHINES 190 15,427.14 20,539.00JOHNSON & JOHNSON 596 35,542.22 39,753.00JP MORGAN CHASE & CO 810 34,569.55 35,357.00MCDONALDS CORP 470 20,628.30 27,688.00

MCKESSON CORP 160 9,169.60 10,482.00MERCK & CO INC 530 23,494.90 30,798.00MICROSOFT CORP 1140 29,313.20 40,584.00P G & E CORPORATION COMMON 400 18,452.00 17,236.00PACIFIC CAPITAL HIGH GRADE CORE FIXED INCOME FUND 68431.102 728,122.14 750,689.00PACIFIC CAPITAL HIGH GRADE SHORT INTERMEDIATE FIXED INCOME Fl 8592.006 86,331.61 83,514.00PACIFIC CAPITAL INTERNATIONAL EQUITY FUND 18613.354 181,440.44 253,700.00PACIFIC CAPITAL NEW ASIA GROWTH FUND 7646.948 108,051.18 167,468.00PEPSICO INC 370 19,132.60 28,083.00PFIZER INC 930 24,217.14 21,139.00POWERSHARES QQQ TRUST SER 1 600 29,766.81 30,732.00PROCTER & GAMBLE CO 250 12,923.75 18,355.00PSYCHIATRIC SOLUTIONS INC 600 22,173.36 19,500.00SPDR TR TRUST SERIES 1 3200 465,257.82 467,872.00STANDARD & POORS MIDCAP DEP REC SPDRS 400 67,076.00 62,040.00TEXAS INSTRUMENTS INC 250 7,252.30 8,350.00UNITED TECHNOLOGIES CORP 300 22,501.41 22,962.00YUM! BRANDS INC 600 22,587.60 22,962.00

Total Other Investments 2,481 , 136.48 2,789,397.00

STATEMENT INV-11 of 1

Form 8868 (Rev. 4-2008) Page 2

• If you are filing for an Additional (Not Automatic) 3-Month Extension , complete only Part II and check this box .......... ...... ► LX

Note. Only complete Part II If you have already been granted an automatic 3-month extension on a previously filed Form 8868.• If you are filing for an Automatic 3-Month Extension , complete only Part I ton oaae 11.

{ fart H l Additional (Not Automatic) 3-Month Extension of Time. You must file odainal and one coov.

Type or

L

Name of Exempt Organization

printOBLES FOUNDATION

Employer identification number

` 99-0336557Flee by de

Number, street, and room or suite no. If a P.O. box, see instructions . For IRS use onlyextendeddue date for . O . BOX 3170 , DEPT 715filing thereturn see City , town or post office , state, and ZIP code. For a foreign address , see instructions .instructions- HONOLULU , HI 96802 -3170Check type of return to be filed (File a separate application for each return):

Form 990 0 Form 990-EZ 0 Form 990-T (sec. 401 (a) or 408(a) trust) Form 1041-A Form 5227 Form 88700 Form 990-BL EXI Form 990•PF 0 Form 990-T (trust other than above) 0 Form 4720 Form 6069

STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8888.

• The books are in the care of ► BANK OF HAWAI ITelephone No. ► (80 8)694-4043 FAX No. ►

• If the organization does not have an office or place of business in the United States , check this box ... ..... ............. ............ ► Q• If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check thisbox ► El . If it is for part of the croup, check this box ► E] and attach a list with the names and EINs of all members the extension is for.4 I request an additional 3-month extension of time until NOVEMBER 15, 2008 .5 For calendar year 2 0 0 7 , or other tax year beginning , and ending6 If this tax year is for less than 12 months, check reason : 0 Initial return 0 Final return El change in accounting period7 State in detail why you need the extension

ADDITIONAL TIME IS NEEDED TO GATHER ALL THE INFORMATION NECESSARY TOPREPARE A COMPLETE AND ACCURATE RETURN.

8a If this application is for Form 990-BL, 990•PF, 990-T, 4720, or 6069, enter the tentative tax, less any

b If this application is for Form 990-PF, 990•T, 4720, or 6069 , enter any refundable credits and estimated

tax payments made. Include any prior year overpayment allowed as a credit and any amount paid

c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, If required, deposit

2,047.

3,800.

Signature and VerificationUnder penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, corrMrAV6CggpW, and that I am authorized to prepare this form.

0.

Form 8868 (Rev. 4-2008)

72383204-16-08


9 return ofprivate foundation...

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