Five years ago, the name of the Bernice Pauahi Bishop Estate (commonly known as, “Kamehameha Schools/Bishop Estate”), was changed just to “Kamehameha Schools.”
To remove the name of a philanthropist from her endowment is the ultimate act of ingratitude.
It is, too, the ultimate act of hypocrisy to keep calling Pauahi Bishop, “our beloved and generous Princess” — but … “we do not want her ”’haole”’ name on our endowment.”
It is, too, the ultimate irony because, without the name “Bishop,” there would not have been Kamehameha Schools.
You see, the B. Pauahi Bishop Estate is really … the Charles Reed Bishop Estate. He was the richest man in Hawaii.
Of the $6 billion to $10 billion assets of the estate today, 84 percent or $5.0 billion to $8.5 billion is the money and lands of her husband