?

Log in

No account? Create an account

Previous Entry | Next Entry

On Kamehameha Schools

* Many people attack Kamehameha Schools and are trying to dismantle it. By doing so they are trying to dismantle the survival of Hawaiian children. This includes Hawaiians and non-Hawaiians because some Hawaiians criticize the school and by doing so they are criticizing Hawaiian children. When non-Hawaiians attack the school they attack Hawaiian children. Here is an article describing how wealthy the school is but this does not mean that the students are wealthy since Hawaiians are on one of the lowest rung of the socio-economic latter:


Kamehameha Schools’ 2004 revenue and enrollment up

Kamehameha Schools' revenues increased nearly $295 million during its 2004 fiscal year as the charitable trust served a record number of native Hawaiian students.

The $6.2 billion charitable trust said its overall revenues for the 12 months ending June 30 rose to $838.8 million from $544.4 million in its fiscal year 2003.

The trust said it reached a record amount of native Hawaiians during the same period, as enrollment from preschool through the 12th grade rose 1,397 to 4,854 children.

The trust said spending on educational programs was up by $1 million, to $221 million in its 2004 fiscal year.

"We made substantial progress in fiscal year 2004 in fulfilling Pauahi's vision to create educational opportunities to improve the capability and well-being of Hawaiians," said Kamehameha Schools Chief Executive Officer Dee Jay Mailer.

The trust -- which is in the fifth year of a 15-year strategic plan to serve more Hawaiians -- said its 2004 expenditures included new funding for campus- and community-based outreach programs and expanded educational partnerships.

The largest increase in student enrollment came in the school's extension education programs, which grew by 1,500 students, to 27,345.

The estate also said that it provided funding and administrative support for the start-up and conversion of 12 public charter schools through its Ho'okako'o Corp. and Ho'olako Like program.

Founded by the 1884 will of Princess Bernice Pauahi Bishop, the estate is a tax-exempt charitable trust that educates native Hawaiians. It is also the state's largest private landowner, with more than 365,000 acres.

Kamehameha Schools said its 2004 financial performance benefited from an improved U.S. stock market, which began to rebound in the second half of 2003 after several lean years. The trust said its overall asset value dropped by $213 million between 2002 and 2003.

Kamehameha Schools said that its commercial real estate holdings generated nearly $109 million in revenues during the 2004 fiscal year.

"Extending our educational reach to Pauahi's children can only happen if these assets are managed wisely," said Michael Loo, Kamehameha Schools' vice president of finance and administration.

"We never want to be a victim of fickle markets or bad economic times, as our mission must go on."

Source: http://starbulletin.com/2005/04/04/news/story2.html

Profile

Yo!
haolegirl
For my family and friends ™
Website

Latest Month

January 2015
S M T W T F S
    123
45678910
11121314151617
18192021222324
25262728293031

Tags

Powered by LiveJournal.com
Designed by Tiffany Chow