American Savings Bank donates more than $368K to local nonprofits May 23, 2023

Original story published on Pacific Business News by Sophia Compton, click here to view.

“Our Kahiau partners have shown unwavering dedication to serving the community, providing essential services and bringing hope to those who need it most,” Ann Teranishi, president and CEO of ASB, said in a statement.

American Savings Bank announced Monday that its annual Kahiau Giving Campaign raised $368,268 this year. Funds were distributed to local nonprofits including Child & Family Service, Kapiolani Health Foundation, Kupu Hawaii, Partners in Development Foundation and local United Way chapters, according to the announcement.

This year’s donation represents the financial institution’s largest Kahiau donation since the program’s inception in 2011, with nearly 94% of ASB employees having participated in this year’s workplace giving initiative. The campaign received $218,268 in employee donations, with the bank contributing a matching donation of $150,000 to further increase the impact, according to ASB.

“Our Kahiau partners have shown unwavering dedication to serving the community, providing essential services and bringing hope to those who need it most,” Ann Teranishi, president and CEO of ASB, said in a statement. “We are honored to support their missions and proud of our 1,100 teammates for their ongoing commitment to making a positive impact.”

This year’s Kahiau theme was “Planting Seeds for a Thriving Community.” In Hawaiian, the word “Kahiau” means “to give from the heart without expecting anything in return,” as stated in the announcement. Since 2011, the Kahiau Giving Campaign has raised more than $2.9 million, according to ASB.

“We extend our heartfelt appreciation to American Savings Bank for its invaluable partnership in our mission to enrich the lives of Hawaii’s residents,” John Fink, president and CEO at Aloha United Way, said in a statement. “American Savings Bank’s generous support through its tremendous Kahiau Giving Campaign enables AUW to drive significant impact in addressing important community needs, from education and financial stability to health and well-being.”