Bank of Hawaii Foundation Donates $3 Million to Hawaii Community Foundation in the Fight Against COVID-19
BOH Foundation makes the largest corporate donation to HCF’s Hawaiʻi Resilience Fund to date
April 6th, 2020
Bank of Hawaii Foundation announces an unprecedented $3 million donation to Hawai‘i Community Foundation’s (HCF) Hawaiʻi Resilience Fund, which was established by HCF and the Omidyar ‘Ohana Fund to address the growing social and economic impacts of COVID-19 in Hawaii.
Through the Hawaiʻi Resilience Fund, the Bank of Hawaii Foundation, along with its executives and board of directors, will contribute $1 million to each of the causes below to help:
1. Address the health and safety of our community. (For example: obtaining necessary medical equipment and protecting frontline healthcare professionals across the state);
2. Feed and nourish the community. (For example: supporting local feeding programs and statewide foodbanks);
3. Enable economic revitalization. (For example: Creating access to affordable capital for small businesses and nonprofits; and low-cost loans for ALICE families – the population in our community who are Asset Limited, Income Constrained, Employed).
“As this pandemic continues, Bank of Hawaii remains fully committed to being part of the solution in addressing the immediate as well as long-term needs of our community,” said Peter S. Ho, chairman, president and CEO of Bank of Hawaii. “We hope this donation to HCF’s Hawaiʻi Resilience Fund will make a significant impact by allowing us to help our community in the broadest way possible.”
“Without question, this level of giving will help to change the trajectory of COVID-19’s spread in Hawai‘i, support thousands of vulnerable individuals at this time of need, and help businesses, nonprofits, and communities recover from the potential economic consequences of the virus,” said Micah Kāne, president and CEO of Hawai‘i Community Foundation. “A contribution of this size is like an anchor; it allows for more certainty in our funding and creates opportunities to plan, strategize, and raise our impact over the long-term.”
About Bank of Hawaii Foundation
Bank of Hawaii Foundation was established in 1981. The donation to the Hawai‘i Resilience Fund is the second-largest in BOH Foundation’s history. The first was a $5 million pledge in 1997 establishing the 2nd Century Scholars Program to help 100 ninth-graders from low- and moderate-income families prepare for, attend and complete college. In 2019, Bank of Hawaii Foundation supported 61 nonprofits with 70 grants.
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