Trust maps long-
More emphasis will be putStar-Bulletin staff
on Hawaiian culture and
The new Kamehameha Schools will have a greater emphasis on vocational learning, early childhood education and Hawaiian culture and language.
The $6 billion trust also will manage its business interests in an ethical and prudent way and will look to pursue new sources of revenue such as a flexible tuition schedule and additional federal funding for native Hawaiians.
Those are some of the key elements of a newly completed draft strategic plan developed by the Kamehameha Schools.
The probate court-mandated plan was the product of extensive input from the local community during the past year.
It offers a blueprint on how Kamehameha Schools plans to manage educational and financial assets during the next 10 to 15 years.
The trust, which has scheduled a news conference today to unveil details of the strategic plan, will hold meetings with the local community during the next two months for additional input before completing the strategic plan.
The draft outlines the trust's main goal of serving more Hawaiians while spreading its resources in a more economic way.
The strategic plan is part of a comprehensive reform of the Kamehameha Schools' operations in the wake of the three-year campus controversy.
Along with planning issues, the reforms include a spending plan that requires the trust to spend 2.5 percent to 6 percent of its assets each year, or about $125 million to $300 million.
The estate's previous board of trustees was heavily criticized for withholding trust money for educational programs, and for making far-reaching decisions without the benefit of a strategic plan that took into consideration the local community's needs.
Bishop Estate Archive