A&B FOUNDATION PROVIDES OVER $1.6 MILLION IN 2011
|FOR MORE INFORMATION CONTACT:
Meredith J. Ching, 808-525-6669 or firstname.lastname@example.org
|FOR IMMEDIATE RELEASE|
Hawaii Non-Profits Received $1.4 Million, U.S. Mainland Charities $270,000
HONOLULU (February 14, 2012) Funded by the businesses of Alexander & Baldwin, Inc. which include Matson, A&B Properties and Hawaiian Commercial & Sugar Company the Alexander & Baldwin Foundation last year provided over $1.6 million in total in cash donations to non-profit organizations across Hawaii and on the U.S. Mainland. Of that, nearly $1.4 million went to 304 charities in Hawaii and the Pacific Islands, and $270,000 was granted to 83 non-profits on the U.S. mainland.
Alexander & Baldwin, Inc. President and Chief Executive Officer Stanley M. Kuriyama, also a member of the A&B Foundations Hawaii Committee, said, As a Hawaii-based corporation, we know it is important to be a reliable community partner and we strive to do so, with both our business and charitable practices. While 2011 was a challenging year for our companies, A&B sustained its funding for the A&B Foundation, benefiting hundreds of charities in communities in Hawaii and in Matsons service areas stretching across the Pacific and the U.S. mainland.
Kuriyama added, Since its very early days, A&B has been providing cash donations to community organizations, directly from A&Bs companies and more recently through our Foundation. As we move forward with the separation of A&B into two independent Hawaii-based companiesMatson and the new A&Bthis longstanding legacy of community giving will be passed on to both companies, along with a steadfast commitment to continued charitable support.
A&B Foundation President Meredith J. Ching emphasized, While A&Bs giving covers a broad spectrum of program areas, grant sizes and geographic areas, the common thread is awareness: that each of our communities has unique needs and priorities, of the needs of our neighbors, of people with unprecedented emergencies. Hawaiis residents and businesses have a heritage of caring for one another, and the A&B Foundations charitable giving reflects this same tradition.
A&B employees further exemplify this heritage, giving generously out of their own pockets. To United Ways alone, in 2011, personal donations from our employees totaled close to $175,000, Ching said. Combined with another $100,000 donated directly to various non-profits, and matched dollar-for-dollar by the A&B Foundation, we are both grateful and proud that A&B employees respond generously to the needs of those near and far--including reaching out to the people of Japan to help with relief efforts for the Japan earthquake and Pacific tsunami, said Ching. A&Bs legacy of giving runs deep and wide.
|2011 Giving by Location*:|
|2011 Giving by Program*:|
|Health & human Services||$728,000|
|Cultural and the Arts||$220,000|
*Numbers rounded for simplicity; excludes $100,000 in matching gifts.
For a listing of 2011 grants of $250 and more, visit www.alexanderbaldwinfoundation.org
A&Bs statewide subsidiaries in Hawaii include Matson Navigation Company and A&B Properties, Inc. Its Maui operations include Hawaiian Commercial & Sugar Company (HC&S), and subsidiaries East Maui Irrigation Company (EMI), Kahului Trucking & Storage (KT&S) and A&B Wailea LLC. Kauai subsidiaries are Kauai Commercial Company, McBryde Resources, Inc. and a joint venture is Kukui`ula Development Company. A&B Fleet Services operates on the Big Island. Matson Navigation Company and Matson Logistic Services operate across the United States, in the South Pacific and China.
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