Stewarding 'aina Pauahi: Growing Pauahi's land legacy forward
imua
This mo‘olelo first appeared in I Mua magazine. Read the full issue.
“For the purposes aforesaid I grant unto my said trustees full power to lease or sell any portion of my real estate, and to reinvest the proceeds and the balance of my estate in real estate, or in such other manner as to my said trustees may seem best.”
Ke Ali‘i Bernice Pauahi Bishop stewarded a vast ‘āina portfolio grounded in her chiefly lineage. She had the incredible foresight to ensure those lands would benefit Native Hawaiian keiki and the lāhui for generations to come. She wrote in paragraph 13 of her will: “For the purposes aforesaid I grant unto my said trustees full power to lease or sell any portion of my real estate, and to reinvest the proceeds and the balance of my estate in real estate, or in such other manner as to my said trustees may seem best.”
Our present-day existence as Ke Kula ‘o Kamehameha is built upon this kahua of taking decisive action. That’s because 100% of the financial resources needed to fulfill Ke Ali‘i Pauahi’s wishes come from the success and growth of the endowment. ‘Āina is not simply part of that story, it is foundational to it.
Our Board of Trustees and CEO have called for ‘āina stewardship grounded in E Ola! This multi-generational perspective is rooted in our past while innovating forward. It is central to how we approach ‘āina today. Rather than managing a static inheritance, we are stewards of a living ‘āina legacy, one that must evolve and regenerate to create waiwai (value) in all its manifestations – education, finances, culture, food, water and all elements necessary for thriving keiki, ‘ohana and kaiāulu.
In recent years, there have been several land transactions within the 373,000-acre ‘āina Pauahi portfolio. Kā‘eo Duarte, the vice president of the ‘Āina Pauahi Group, understands the sensitivities that surround any decision regarding ‘āina, and says these sales — and acquisitions — are taken very seriously and are undertaken with rigor, intention and an unwavering commitment to our mission and kuleana as cultural stewards.
“There are certain ‘āina where, through investment, we’ve been able to realize tremendous financial value creation over time. And there are times when it’s appropriate to realize the value and reinvest it. These decisions are difficult and tug at our na‘au. But there is also a tremendous upside knowing that these sales enable us to invest in other ‘āina, other communities, and create waiwai in other ways for future generations,” Duarte said.