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The Honolulu Advertiser
Updated at 2:33 p.m., Friday, April 11, 2008

Parker Ranch Foundation distributes $1.8M

Advertiser Staff

Parker Ranch Foundation Trust gave $1.8 million to its four beneficiaries in the latest round of distributions, the trust announced.

The distributions were as follows: $850,000 to North Hawai'i Community Hospital, $354,167 to the Richard Smart Fund of the Hawai'i Community Foundation, $283,333 to Hawai'i Prepatory Academy and $283,000 to Parker School Trust Corp.

The trust has given out a total of $14.9 million since it began making distributions in 1996. The trust was set up by Richard Smart, a sixth-generation descendant of ranch founder John Palmer. Smart died in 1992.

"The distributions reflect Richard Smart's commitment to the Waimea community and his legacy of philanthropic giving," the trust said in a news release.