With a Bit of Magic, ASB Donates More Than $370,000 to 17 Local Nonprofits

Apr. 19, 2018

American Savings Bank (ASB) today announced it has donated $371,167 to 17 nonprofit organizations in the state of Hawai‘i. The majority of the funds were raised through ASB’s 2018 Kahiau Giving Campaign, an annual teammate program that supports select community organizations.


The mission of the campaign can be found in the definition of the Hawaiian word, “kahiau” which means, “to give from the heart without expecting anything in return,” embodying the selfless generosity of ASB’s teammates. The 2018 Campaign took place from February to March and featured a Harry Potter-inspired theme. A record-breaking 94 percent of the bank’s over 1,100 teammates raised a total of $163,617, boosted by a matching donation of $100,000 from ASB.


“The astonishing 94 percent turnout for our 2018 Kahiau Giving Campaign says it all – our teammates are passionate about giving back,” said Rich Wacker, president and CEO of ASB. “We are honored to further the important, transformative work of these community organizations through our contributions.”


The Kahiau funds were donated to Child & Family Service, Junior Achievement, Kapi‘olani Health Foundation, Kupu, Partners in Development Foundation and Aloha United Way. ASB further supports its Kahiau Community Partners by contributing volunteer hours through the bank’s Seeds of Service and financial literacy programs.