BOH Foundation donates $3M to HCF's Hawaii Resilience Fund By Megan Fernandes – Reporter, Pacific Business News Apr 6, 2020, 6:01pm EDT
Bank of Hawaii Foundation made a $3 million donation to Hawaii Community Foundation’s Hawaii Resilience Fund to help businesses, nonprofits and the community respond and recover from the growing social and economic impacts of COVID-19 in Hawaii. The donated funds will go toward obtaining necessary medical equipment and protecting frontline healthcare professionals across the state, supporting local feeding programs and statewide food banks, and enabling economic revitalization by creating access to affordable capital for small businesses and nonprofits, among other forms of support for low-income families. “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 Ho, chairman, president and CEO of Bank of Hawaii, in a statement. “We hope this donation to HCF’s Hawaii Resilience Fund will make a significant impact by allowing us to help our community in the broadest way possible.” The fund was established by HCF and the Omidyar Ohana Fund. Micah Kāne, president and CEO of Hawaii Community Foundation said that the contribution of this size is like an anchor that "allows for more certainty in our funding and creates opportunities to plan, strategize, and raise our impact over the long-term." “Without question, this level of giving will help to change the trajectory of COVID-19’s spread in Hawaii, 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,” Kāne said in a statement.