Strength and Resilience
Advancing Together Toward a Brighter Future
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The novel coronavirus affects us all—our coworkers and families, our customers and business partners, and the larger community. Not only a public health challenge, the pandemic has also brought significant economic challenges affecting residents and families across our state.
Through philanthropy, support for Hawaii’s small businesses, commissioned research, innovative corporate sponsorships, and socially distanced volunteerism, Bank of Hawaii and Bank of Hawaii Foundation stepped up to kōkua our community in crisis. Bank of Hawaii, its employees, and Bank of Hawaii Foundation contributed more than $5.2 million to community and philanthropic causes in 2020.
Bank of Hawaii Foundation donated nearly $3.4 million to help address the growing social and economic impacts of COVID-19 in Hawaii, of which $3 million went to the Hawai‘i Community Foundation’s Hawai‘i Resilience Fund. The majority of funding met needs related to community health and safety, food and nutrition, and is intended to spark economic revitalization and recovery.
Bank of Hawaii employees, including Bill Shiroma, volunteered with Hawaii Foodbank to help distribute food. Bank of Hawaii donated $1 million to food banks across the state.
Bank of Hawaii Foundation is honored to be able to support many of those making a difference on the frontlines. Bank of Hawaii Foundation made the following donations to ensure those working on the frontlines are equipped with the personal protective equipment and funding they need to serve the community.
To better understand the current effects of the pandemic on families and individuals, Bank of Hawaii Foundation commissioned Anthology Research to conduct a baseline and follow-up survey of residents. The sobering findings highlight the deepening economic hardships and anxiety Hawaii residents are facing:
Volume 2 can be viewed at www.boh.com/facts-figures.
Goodwill Goes GLAM! Bank of Hawaii Foundation continued its support of Goodwill Hawaii’s major annual fundraiser, which transformed into a successful virtual event. Viewers purchased Goodwill Hawaii merchandise online, local fashion designers were spotlighted and information about resources available to help residents with job skills training and employment opportunities were broadcast to a large audience.
The Hawaii Book and Music Festival was converted to a virtual event and was launched in partnership with the University of Hawai‘i. Postponed until October, the event featured an informative and timely speaker series, including 45 panel discussions that focused on many facets related to an innovative and sustainable future for Hawaii. Bank of Hawaii has been a sponsor since 2006.
Pop-up Mākeke! Bank of Hawaii Blue Crew volunteers were happy to jump in during the holiday season to help over 400 of Hawaii’s small businesses who participated in Pop-Up Mākeke!, an online marketplace created by the Council for Native Hawaiian Advancement. In the spirit of laulima, many hands working together, our Bankoh Blue Crew helped organize and pack merchandise to contribute to the over 20,000 orders of locally-made products which were delivered all over the world.
Bank of Hawaii Blue Crew volunteers, including Kristin Yama, helped support small businesses participating in Pop-Up Mākeke! by organizing and packing merchandise to complete orders.
The following are some of the special allocations made from our $3 million donation:
To address some of the unique financial challenges faced by the UH Athletics Department, Bank of Hawaii is providing $5 million in sponsorship funding over the next 10 years to help with budget challenges. As part of the agreement, UH has extended rights to Bank of Hawaii to rename the arena “SimpliFi Arena at Stan Sheriff Center.” This name retains the legacy of former UH Athletic Director Bruce “Stan” Sheriff while acknowledging BOH as an advocate of UH sports.
Bank of Hawaii Foundation also established a $100,000 endowment scholarship fund in the name of Stan Sheriff to provide scholarship support to student-athletes from Hawaii, beginning with the 2021-2022 school year.
Advancing Together Toward a Brighter Future
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