Maui Business

Bank of Hawaii Commits $3M to COVID-19 Relief

April 7, 2020, 2:06 PM HST
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The Bank of Hawaii Foundation made 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 Hawaiʻi.

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.”

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“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.

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“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.”

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