{"id":386,"date":"2020-06-22T18:55:21","date_gmt":"2020-06-22T18:55:21","guid":{"rendered":"https:\/\/prft.org\/?p=386"},"modified":"2020-06-22T18:55:21","modified_gmt":"2020-06-22T18:55:21","slug":"parker-ranch-announces-a-nearly-50-increase-in-its-annual-distribution-to-3-6-million","status":"publish","type":"post","link":"https:\/\/prft.org\/parker-ranch-announces-a-nearly-50-increase-in-its-annual-distribution-to-3-6-million\/","title":{"rendered":"Parker Ranch Announces a Nearly 50% Increase in Its Annual Distribution to $3.6 million"},"content":{"rendered":"

Waimea, Big Island of Hawai\u2018i<\/strong> (June 17, 2020) – The Trustees of Parker Ranch Foundation Trust are pleased to announce that the Trust will be increasing its annual distribution by nearly 50% in 2020, as compared to 2019, to $3.6 million.\u00a0 This decision was based on a multi-year effort by the Trustees, with assistance from the management team and input from the Beneficiaries, in reformulating the methodology for determining the distribution formula and the annual payout to the four charitable organizations which receive these funds.<\/p>\n

According to the Chair of the Trustees, Tim Johns, \u201cThis has been a coordinated project across the entire organization and incorporating strategic thinking from our leadership and external advisers, including Northern Trust and Callan.\u00a0 This distribution is meaningful for two other important reasons.\u00a0 First, the significant increase comes at a time that our local economy needs support.\u00a0 Our Beneficiaries are charitable organizations focused on health care and education, parts of our economy under severe strain given the broad impact of COVID-19.\u00a0 Second, this distribution brings the cumulative total distributions to slightly more than $40 million since the creation of the Trust in the early 1990s.\u00a0 Hopefully, Richard Smart would be pleased with our efforts to support our Beneficiaries, if he were alive today to see its positive contribution to our community.\u201d<\/p>\n

The Beneficiaries shared the following statement: \u201cWe are collectively very grateful for the gracious gift by Richard Smart which provides ongoing support to the four Beneficiaries of the Trust.\u00a0 This support is especially important in the challenging times we all face today. \u00a0The effort to modify the distribution policy was thorough and substantive. \u00a0We greatly appreciate the contributions of the Trustees and the management team in adopting this new approach to setting distributions.\u201d<\/p>\n

Dutch Kuyper, President and CEO of Parker Ranch, Inc., also commented on the decision to increase the distribution.\u00a0 \u201cOur management team has been working hard supporting the Trust in developing an integrated view of our investment portfolio, real assets and various operating business, including the ranching operation.\u00a0 We worked in close collaboration with our investment advisers to evaluate various distribution policies studying a variety of approaches including the models adopted by Yale and Princeton.\u00a0 We believe our new approach can withstand the test of time in a variety of market conditions while ensuring the purchasing power of the distribution is maintained.\u201d<\/p>\n

About Parker Ranch<\/strong><\/p>\n

Parker Ranch is one of the largest and oldest cattle ranches in the United States.\u00a0 Parker Ranch Inc. is owned by Parker Ranch Foundation Trust whose beneficiaries are four non-profits:\u00a0 Queen\u2019s North Hawai\u2018i Community Hospital, Hawai\u2018i Preparatory Academy, Parker School and Hawai\u2018i Community Foundation.\u00a0 To learn more, please visit www.parkerranch.com<\/a> or www.prft.org<\/a><\/p>\n

###<\/p>\n

Media Contact:
\n<\/strong>Nahua Guilloz
\n808.885.2323
\nGui.n@pri-hi.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Waimea, Big Island of Hawai\u2018i (June 17, 2020) – The Trustees of Parker Ranch Foundation Trust are pleased to announce that the Trust will be increasing its annual distribution by nearly 50% in 2020, as compared to 2019, to $3.6 million.\u00a0 This decision was based on a multi-year effort by the Trustees, with assistance from…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/posts\/386"}],"collection":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/comments?post=386"}],"version-history":[{"count":1,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/posts\/386\/revisions"}],"predecessor-version":[{"id":387,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/posts\/386\/revisions\/387"}],"wp:attachment":[{"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/media?parent=386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/categories?post=386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prft.org\/wp-json\/wp\/v2\/tags?post=386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}