Patricia Fae & Galen I. Ho Family Foundation

Patricia Fae & Galen I. Ho Family Foundation

Mission

To address the impact of inequities within our communities by providing pathways to self-sufficiency through educational opportunities and access to resources.

Vision & Intent -
"It takes a village...it's OUR village"

Our foundation will focus on charitable contributions making our communities more inclusive and tolerant, providing a fact-based understanding of our world, and eliminating racial and gender discrimination, so that individuals and families can thrive in pursuit of their aspirations.

Our Values and Guiding Principles

  • An empathetic view of people and their diverse circumstances, with resolve to work toward positive change
  • A commitment to integrity, trust and respect as we strive toward a more just and civil society
  • A belief in the transformational power of equitable access to education, basic needs and a safe living environment
  • A conviction that varied avenues of education and training can lead toward fulfilling careers and financial security

Funding and Administration

The foundation will be funded by the equity and estate resources of Galen & Patricia Ho until the Board of Trustees determines it should be terminated or upon the passing of Galen Ho, Patricia Ho, Tricia Rupright and Peter Ho. Its wealth management portfolio will be handled by our current Merrill Lynch team based in Honolulu, Hawaii. Galen will be responsible for working with its legal advisor to establish its structure and IRS 501(c)3 application and any requirements for the Commonwealth of Massachusetts.

In determining the distribution of assets toward fulfillment of our Mission/Intent/Guiding Principles, these decisions will be made by our Board of Trustees consisting of Galen I. Ho, Patricia Fae Ho, Tricia G. Rupright, Peter K. Ho and Timothy D. Rupright, which will meet quarterly to discuss foundation asset management and grant proposals.

Foundation Structure

The Board of Trustees roles will be as follows:

Patricia Fae Ho
CEO Emeritus — in memory of
Galen I. Ho
Acting CEO and designated COO
Tricia G. Rupright
Trustee
Peter K. Ho
Trustee
Timothy D. Rupright
Secretary & Treasurer
Equity Wealth Mgmt.
Merrill Lynch
Legal Advisor
Fisette & Ranta (David Fisette)

Time Schedule

  • December 2022

    Mission Documents for Estate Attorney

  • April 2023

    IRS application submitted& First trustee board meeting

  • November 2023

    Second Board meeting/IRS 5013c formal approval

  • March 2024

    IRS 2023 first filing

  • September 2024

    Third Board meeting

  • December 2024

    Initial foundation funding/ML account established

  • February 2025

    First grant approval