Anna Rice Cooke also left 4500 pieces of artwork they had collected to the academy. His estate was incorporated as Charles M. Cooke, Ltd. in 1898, and dissolved and distributed to 58 shareholders in 1942. Some of the assets became the Charles M. and Anna C. Cooke Trust, which became a charitable foundation in 1971. In 1980, it became the Cooke Foundation. The Hawaii Community Foundation continues to administer grants.