# Lili'uokalani Trust (LT)

Lili'uokalani Trust (LT) is an Endowment / Foundation based in Honolulu, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** 1100 Alakea Street Suite 1100, Honolulu, Hawaii, United States, 96813-2845
- **Founded:** 1909
- **Assets under management:** 989 (Altss estimate)
- **Website:** onipaa.org
- **LinkedIn:** https://www.linkedin.com/company/liliuokalani-trust

## Regulatory record

- **Reports private funds:** No

## About

Liliʻuokalani Trust was established in 1909 by Queen Liliʻuokalani, Hawaii's last reigning monarch. The foundation operates as a private operating entity that delivers services to Native Hawaiian children in early childhood, youth development, and opportunity youth categories. The trust allocates across private equity, real estate, and venture capital. It holds direct positions in land assets including Keahuolū Ahupuaʻa in North Kona and fee interests beneath Waikiki Beach Marriott Resort & Spa. Additional holdings include the Queen Emma Street Building acquired in 2018 and Leihano Project Land purchased in 2015. Geographic focus remains Hawaii with limited exposure through external managers in the United States and Hong Kong. Structures include limited partner commitments to vehicles such as Industry Ventures Secondary Fund VIII and Lilly Asia Ventures. The organization employs 201 professionals and maintains its headquarters in Honolulu. It sold the Kona Industrial Park portfolio in 2024. Adjacent vehicles center on the foundation itself, which reported $30.8 million in giving in recent periods. Service providers include Cambridge Associates as investment advisor since 2021 and First Hawaiian Bank as custodian since 1978. The trust maintains a direct ownership model over legacy lands and program facilities rather than relying solely on external managers. This structure ties investment decisions to mission outcomes in education and youth services while preserving control over culturally significant real estate.

## Sectors

- Real Estate
- Education

## People

- Mahina E. Hugo — Interim President and CEO; Trustee
- Tina Keane — Executive Vice President and Chief Investment Officer; Interim CEO

## Questions

### Who runs investment decisions at Lili'uokalani Trust?

Tina Keane serves as Executive Vice President and Chief Investment Officer. Mahina E. Hugo acts as interim president and CEO while also serving as trustee.

### Does Lili'uokalani Trust participate in fund commitments or only direct deals?

The trust holds both direct real estate assets and limited partner positions. Confirmed commitments include Industry Ventures Secondary Fund VIII and Lilly Asia Ventures.

### What investment stages does Lili'uokalani Trust typically target?

The trust pursues venture capital across early and growth stages through fund commitments. Direct activity centers on real estate development and operating program facilities.

### How is Lili'uokalani Trust related to Kamehameha Schools?

The two entities collaborate as fellow Aliʻi Trusts. They participate together in the Native Hawaiian Research Hui on community data and wellbeing initiatives.

## Related profiles

- [Astorius Capital](https://altss.com/profile/astorius-capital)
- [South Broward Hospital District Pension Plan](https://altss.com/profile/south-broward-hospital-district-pension-plan)

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Last updated: 2026-07-06T00:35:38.947Z

Canonical page: https://altss.com/profile/lili-uokalani-trust-lt

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