ASB contributes $360,000 to local nonprofits

Jun. 6, 2021

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American Savings Bank (ASB) teammates pulled together and paddled hard during its 2021 Kahiau Giving Campaign to donate a total of $360,708, which will support local community organizations during a time when they need it most.

A full 95% of ASB teammates participated in the annual workplace giving program. This year’s “We’re all in this together” canoe-themed campaign generated $210,708 in teammate donations, which was then matched by an additional $150,000 from ASB.

“Our local nonprofits across the state have been crucial in providing much-needed services to our community throughout the pandemic, and we are thrilled to be able to support them during these challenging times,” said Ann Teranishi, president and CEO of ASB.

The word “kahiau” in Hawaiian means “to give from the heart without expecting anything in return.” The Kahiau funds were donated to Child & Family Service, Kapi‘olani Health Foundation, Kupu, Partners in Development Foundation and United Way chapters in Hawai‘i: Aloha United Way, Friendly Isle United Fund, Hawai‘i Island United Way, Kaua‘i United Way and Maui United Way. 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. ASB supports its Kahiau Community Partners year-round through the bank’s Seeds of Service volunteer program and financial literacy workshops.