The Legacy of a princess

Kamehameha Schools was founded by the will of Bernice Pauahi Bishop, the great-granddaughter of Kamehameha the Great.

Pauahi Legacy
About our endowment


Kamehameha Schools’ endowment exists to support our educational mission to fulfill Pauahi’s desire of creating educational opportunities in perpetuity to improve the capability and well-being of people of Hawaiian ancestry.


Pauahi’s estate encompasses more than 363,000 acres throughout Hawai‘i — approximately 169,000 acres zoned for agriculture, 189,158 acres in conservation, 15,000 acres in commercial and 3,000 residential acres — and generates income to serve more than 48,000 learners and caregivers per year.

All Kamehameha Schools’ land-based and investment decisions are filtered through a set of five core principles — culture, community, education, economics, and environment. This balanced approach to decision-making ensures the perpetuation of Pauahi’s legacy, her lands and the execution of her will.


Commercial real estate
Kamehameha Schools’ commercially zoned properties make up less than 1 percent of its total landholdings of 363,649 acres. Income produced by these commercial properties equates to approximately 28 percent of the trust’s total annual revenues generated. Visit our commercial real estate website to learn more »

Agriculture and conservation
The land assets division has kuleana (responsibility) for approximately 358,000 acres of agriculture and conservation land spanning five Hawaiian islands. This equates to 98 percent of Kamehameha Schools’ total land holdings. Visit our land assets division website to learn more »

Financial assets division
The financial assets division manages 66 percent of Kamehameha Schools’ endowment. FAD overseas all non-Hawaiian real estate assets and investments in a diversified global portfolio using external investment managers.