In the Spirit of “Building” a Stronger Community, ASB Donates Nearly $320,000 to 15 Local Nonprofits

HONOLULU, HI – American Savings Bank (ASB) today announced that in the first quarter of 2019, it donated $318,133 to 15 nonprofit organizations in the state of Hawai‘i. The majority of the funds were raised through ASB’s 2019 Kahiau Giving Campaign, an annual workplace giving program that benefits local community organizations.

In the Hawaiian language, “kahiau” means “to give from the heart without expecting anything in return.” This meaning translated well in the bank’s 2019 Kahiau Giving Campaign, during which the LEGO-themed workplace fundraiser generated a total of $170,633 – matched with an additional $100,000 from ASB. The campaign also broke a company record – with an astonishing 95 percent of the bank’s 1,100+ teammates participating.

“Our teammates truly showed the power of coming together around a good cause with a phenomenal 95 percent turnout for our 2019 Kahiau Giving Campaign,” said Rich Wacker, president and CEO of ASB. “These gifts further our continued support for these community-based organizations and the life-changing services they provide to the people of Hawai‘i.”

The Kahiau funds were donated to Child & Family Service, Kapi‘olani Health Foundation, Kupu, Partners in Development Foundation and United Way. In addition to these monetary gifts, ASB supports its Kahiau Community Partners year-round through the bank’s Seeds of Service volunteer program and financial literacy workshops.

In addition to the gifts made through the Kahiau Giving Campaign, ASB announced grants to several other community organizations: Education Incubator in partnership with Superpower Academy (supporting a program with Kamiloiki Elementary School, an ASB Bank for Education ‘Ohana School), Habitat for Humanity Hawai‘i Island, Island School (an ASB Bank for Education ’Ohana School), Maui Youth and Family Services, One Shared Future in partnership with Child & Family Service, and Pacific and Asian Affairs Council, to support four Bank for Education ‘Ohana Schools.

ASB supports initiatives that promote educational excellence and financial literacy, strengthen families and foster innovation and entrepreneurship through donations, sponsorships, grants, scholarships, internships and volunteerism. In total, ASB has donated millions of dollars to Hawai‘i’s nonprofits and community organizations, including nearly $2 million raised through the Kahiau Giving Campaign since 2011.

ASB’s gift recipients include:

1. Aloha United Way
2. Child & Family Service
3. Education Incubator/Superpower Academy/Kamiloiki Elementary
4. Friendly Isle United Fund
5. Habitat for Humanity Hawai‘i Island
6. Hawai‘i Island United Way
7. Island School Capital Campaign
8. Kaua‘i United Way
9. Kapi‘olani Health Foundation*
10. Kupu
11. Maui United Way
12. Maui Youth and Family Services
13. One Shared Future/Child & Family Service
14. Pacific & Asian Affairs Council
15. Partners in Development Foundation*
16. Kahiau Partner

 

 

About American Savings Bank
American Savings Bank (ASB) has been serving Hawai‘i’s businesses and communities since 1925 and currently provides a full range of financial products and services, including business and consumer banking, home loans, insurance and investments. ASB is one of Hawai‘i’s leading financial institutions, with e-banking services and branch locations throughout the state offering evening, weekend and holiday hours. ASB provides Hawai‘i’s consumers and businesses with more extended weekday and weekend hours than other similarly sized local banks, as well as convenient in-store branches. ASB was the first Hawaii bank to introduce remote-deposit capture with a mobile banking application.

ASB matches its exceptional customer experience with an employee experience that has garnered local and national awards. ASB has been recognized nationally as one of the “Best Banks to Work For” by American Banker Magazine and locally as one of the “Best Places to Work” by Hawai‘i Business Magazine for 10 consecutive years and honored nationally as one of the “Best Banks to Work For” by American Banker Magazine. Fortune Magazine has recognized ASB as one of the 100 Best Workplaces for Women and 50 Best Workplaces for Diversity. For more than 90 years, ASB has been helping build strong communities. Through its Seeds of Service program, ASB teammates have contributed nearly 48,000 hours of volunteer service, and ASB has donated millions of dollars to Hawai‘i’s nonprofits and community organizations. For more information, visit https://www.asbhawaii.com/ or follow American Savings Bank on Facebook, Instagram and LinkedIn.