Prior to the flight, the pilot fueled the airplane with 16 gallons of jet fuel. He planned to make two local flights carrying skydivers aloft. During the second skydiving flight, he delayed releasing the skydivers due to traffic in the area. As he turned the airplane back toward the drop zone, the airplane's engine experienced a total loss of power. The pilot signaled the skydivers to exit the airplane, feathered the propeller, and executed a forced landing to the runway. The airplane landed long, went off the end of the runway, across a road, and finally came to rest on a golf course. The airplane sustained substantial damage to the wings. The pilot stated that the airplane and engine had no mechanical failures or malfunctions during the flight. He also stated that the cause of the loss of engine power was poor fuel management and fuel exhaustion.