Hawaiiʻs Most Charitable Companies 2013

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1 Page 1 of 6 Send to printer Close window Hawaiiʻs Most Charitable Companies 2013 DENNIS HOLLIER AND JASON UBAY Corporate giving is vital to hawaii's charities and vital to Hawaii itself. Many important nonprofits could not survive without the support of local businesses. That's why Hawaii Business magazine feels it's important to measure that giving each year with our list of Hawaii's Most Charitable Companies. And, by measuring the contributions, we are also celebrating the many ways in which companies give to the community. Many Ways to Give How we ranked the list of Hawaii s Most Charitable Companies. Who knew charity was so complicated? This year, as we began work on our second annual list of Hawaii s Most Charitable Companies, we were again struck by how nuanced an analysis of the data can be. We base our rankings on a company s total giving in 2012, a combination of both cash and in-kind donations. We also report employee donations and time volunteered, but those numbers are not factored into the ranking. Acquiring this data isn t a sure thing, however. We rely upon self-reported numbers from the companies themselves, which means we ve undoubtedly missed some major donors who chose not to participate in our survey or don t know about it. Also, companies account for corporate giving in different ways. For example, some companies scrupulously keep track of both cash and in-kind donations; others only tally the actual cash given. In addition, some partnerships choose not to make any company donations, though the individual partners may be major donors. The biggest difference between this year s list and last year s is the number of companies participating in our survey. This year, 94 companies submitted data, nearly twice as many as last year. Among the new participants is the top organization on this year s list, Kamehameha Schools, which donated $20 million dollars to more than 40 local nonprofits in That s over and above what the trust spends on its main mission, the schools it operates on three islands. The $20 million from KS is nearly six times as much as our most charitable company, First Hawaiian Bank, with $3.6 million in total giving. It s worth pointing out that if we had calculated last year s list the same way as this year s list, First Hawaiian would have been our clear No. 1 company last year. That s because this year we ve decided not to include the money a company uses to fund its own foundation. Last year, Central Pacific Bank was first on our list, mainly because of a large cash contribution it made in 2011 to create a new foundation. But only a small percentage of that money actually went to help the public directly in The rest became the corpus of the new foundation, earning interest that can be given to charities into the future. This year, we decided and CPB agreed this wasn t a fair comparison. We now only include

2 Page 2 of 6 direct giving from organizations and donations from their foundations, not money channeled from an organization to its foundation. Even so, CPB s $774,568 in total giving earned it 11th place on this year s list. Another anomaly on this year s list stems from Matson s spinoff from Alexander & Baldwin. Now separate, the two companies have taken different routes in their charitable giving. In mid-2012, A&B shut down its own foundation to rely instead on direct corporate giving. Matson chose to augment its direct corporate giving by creating its own foundation. Despite the split, A&B remains at No. 9 on our list, with $889,000 in total giving. Matson enters the list at No. 6, with $1.57 million. Combined, the two companies gave 30 percent more this year than A&B did alone last year. One of the most complicated parts of creating the list of Hawaii s Most Charitable Companies is deciding what kinds of giving to include. As we ve seen, companies give in various ways. The simplest form of charity is a cash donation. Using this measure, Kamehameha Schools $20 million in cash giving is by a long shot the most in the state, followed by First Hawaiian at $2.9 million, Hawaiian Electric Industries at $2.1 million and Parker Ranch at $2 million. But not all corporate giving is cash. Many companies donate products or services instead. For example, Hawaii Foodservice Alliance, a major supplier of bread and eggs to supermarkets, takes food that s about to pass its do not sell by date and donates it to local food banks. The company s $1.1 million worth of in-kind donations was the most on this year s list, and enough to put the company in seventh place in overall giving. In-kind giving was also an important part of the giving strategy for Bank of Hawaii, First Hawaiian Bank and many other companies. At least a dozen companies donated more than $100,000 in free products and services to local charities, including the Fairmont Hotel with $658,975 worth of in-kind donations, Kyo-ya with $651,504, and Ohana Broadcasting with $514,590. We list employee giving in our chart, but chose not to include it as a basis for our ranking of charitable giving; nevertheless, this kind of charity is an important part of the fundraising strategy for many local nonprofits, and companies play a major role in facilitating this kind of giving. Indeed, 13 Hawaii companies had more than $100,000 in cash donations by employees this year. And that s just through company programs; it doesn t take into account the money employees donate outside of their companies. For the second year in a row, Bank of Hawaii employees lead the way in company fundraising, with $729,912 in donations, followed by Hawaiian Electric employees with $723,000, and First Hawaiian Bank employees with $609,561. Interestingly, combining total company giving and employee giving barely changed the overall standing among the list of Hawaii s Most Charitable Companies, and didn t change the order of the top 10 companies at all. If there s a criticism that can be made about how we calculated Hawaii s most charitable companies, it s that, by focusing on the total amount given, we may bias the results toward large companies. It s certainly true that an organization like Kamehameha Schools, with $313 million in revenue and more than $7 billion in assets, can afford to give more than a small, family-owned company. One way to compare large and small companies on our list is to look at total company giving as a percentage of total revenue. Interestingly, two of the state s largest nonprofits top the list of companies that give the most money in proportion to their size. Kamehameha Schools gives 6.5 percent of its total earnings; another trust, Parker Ranch, gives 10.8 percent. The only company even close to these two is tiny Stars Above Hawaii, whose $2,500 in total giving was 6.3 percent of its $40,000 in reported revenue. Other organizations giving more than 1 percent of their earnings include Alston Hunt Floyd & Ing, Hawaii Foodservice Alliance, Mike McKenna s Windward Ford, Kahala Nui and Grove Farm. As you can see, creating a list of Hawaii s Most Charitable Companies is a complicated business. In our calculus, we settled on total company giving because we think this number reflects both a company s level of charity, and the impact that charity has on the community. But, who s to say we re right? Maybe, instead of a dollar figure, we should be using an index that also takes into account the number of hours employees volunteer, or the number of boards company executives serve on. Maybe cash is the only number that counts. Maybe nonprofit and for-profit companies should be on different lists. Here are the numbers. You decide.

3 Page 3 of 6 Next Year s List If you think your organization belongs on the 2014 list of Hawaii s Most Charitable Companies, us at [email protected]. Hawaiiʻs Most Charitable Companies We asked for a lot of details from the charitable companies, but many did not collect all the information that we requested. In most cases, a blank entry does not mean a company or its employees did not contribute in that area. It simply means there is not a precise record of such contributions. Total Giving as Name Total 2012 Giving, Cash and In-Kind 2012 Cash Donations In- Kind Donations % of Gross Annual Sales Number of Employees Employee Volunteer Hours on the Job 3 Employee Volunteer Hours off the Job 4 Cash Donations from Employees 5 Kamehameha Schools $20,421,611 $20,421, % 2,400 First Hawaiian Bank $3,634,920 $2,900,000 $734, ,026 29,489 37,350 $607,561 Bank of Hawaii Corp. Hawaiian Electric Industries, Parker Ranch Foundation Trust $2,634,144 $1,720,144 $914, ,343 5,550 6,641 $729,212 $2,100,000 $2,100, ,870 12,000 $723,000 $2,000,000 $2,000, Matson, $1,566,500 $1,458,000 $108, , $92,440 Hawaii Foodservice Alliance Kyo-ya Alexander & Baldwin, Central Pacific Financial Corp. Fairmont Hotels & Resorts Hawaii Island Insurance Co., Ltd. Kaiser Permanente Hawaii Ohana Broadcast Alston Hunt Floyd & Ing Hawaii Medical Service Association (HMSA) $1,100,000 $1,100, $910,094 $258,590 $651, ,310 7,251 $200,575 $888,515 $884,515 $4, ,345 $169,045 $774,568 $774, ,095 $222,530 $658,975 $658, ,545 $63,665 $566,106 $556,015 $10, ,707 1,300 $17,764 $526,774 $508,000 18, ,564 12,300 $67,000 $514,590 $514,590 n/a $488,201 $112,360 $375, $9,611 $448,870 $447,640 $1, ,603 1,123 $260,000 Servco Pacific $439,248 $404,248 $35, ,399 3,053 $160,589 Kahala Nui $417,927 $103,900 $314, , $4,819 $372,112 $372, $22,910

4 Page 4 of 6 First Insurance of Hawaii, Ltd. Young Brothers, Limited Hawaii Medical Assurance Association (HMAA) UHA (University Health Alliance) $314,759 $148,510 $166, $39,221 $311,000 $305,500 $5, $296,583 $296, $19,147 Hagadone Corp. $275,000 $75,000 $200, $25,000 Hunt Companies $246,000 $130,000 $116, Hawaii Gas $170,681 $170, HawaiiUSA Federal Credit Union Enterprise Holdings- Enterprise Rent-A- Car, Alamo Rent A Car, National Car Rental- Hawaii Nordic PCL Construction, $168,000 $96,000 $72, $8,000 $164,828 $145,000 $19,828 n/a $150,767 $161,221 $157,485 $3, % $44,000 Nan, $156,642 $141,852 $14, $10,186 Young s Market of Hawaii $156,000 $96,000 $60, $5,000 PEMCO Ltd. $150,000 $100,000 $50, $100,000 Grove Farm, Dorvin D. Leis Co., Kalaeloa Partners L.P. Castle Medical Center $140,000 $105,000 $35, $138,989 $128,989 $10, $131,000 $131, $111,420 $111, , Pasha Hawaii $107,437 $61,350 $46, Coldwell Banker Pacific Properties $73,200 $43,200 $30, $35,881 Torkildson Katz $68,900 $68,900 n/a 2, $10,500 Moore Hetherington & Harris Finance Factors Ltd. $68,066 $67,894 $ $11,000 Allied Builders System King Food Service $65,000 $65, $65,000 $55,000 $10, Toshiba Business $57,455 $48,112 $9,343 n/a $2,281 Solutions (USA), Alternate Energy $57,000 $57, Jim Falk Automotive Group Economy Plumbing & Air Conditioning $56,497 $56, $55,000 $55,000 n/a

5 Page 5 of 6 Swinerton Builders $51,000 $41,000 $10, $16,630 Certified Management dba Associa Hawaii $48,270 $47,930 $340 n/a $52 Aloha United Way $44,700 $44, $38,549 Pacific Honda $42,073 $39,162 $2, $300 Case Lombardi & Petit Group 70 International, Merrill Lynch Wealth Management Kualoa Ranch Hawaii, Maui Divers of Hawaii Ltd. Hawaii Life Real Estate Brokers Mike McKenna s Windward Ford Hawaii Human Resources, (HiHR) $41,422 $33,895 $7,527 n/a 459 $12,258 $40,500 $40, $6,300 $40,000 $40, ,400 $37,632 $37, $37,000 $7,000 $30,000 n/a 300 $4,000 $36,403 $36, $34,000 $34, $30,185 $10,185 $20, $10,000 The Art Source, $30,000 $30, Haleakala Solar $28,000 $22,000 $6, Honolulu Ford, Lincoln, Mercury Aloha Pacific Federal Credit Union $27,000 $27, ,500 $25,000 $25, BOMAT Ltd. $23,000 $23, Express Employment Professionals Clay Chapman Iwamura Pulice & Nervell $23,000 $1,000 $22, $20,000 $5,000 $15, % 65 Aloha Air Cargo $16,847 $414 $16, $7,255 Weston Solutions American Electric Co. Architects Hawaii Ltd. Pacific Service & Development Big Island Motors dba Hilo-Kona Mazda Subaru Hyundai $16,486 $9,785 $6,702 n/a 321 $15,000 $5,000 $10, $15,000 $15, $11,119 $12,206 $12, $12,000 $10,000 $2, Hawaii First $9,000 $9,000 n/a $25,000 S&M Sakamoto, $8,300 $8, $650 Coffman Engineers, $7,461 $7,

6 Page 6 of 6 Contract Furnishers of Hawaii (dba Office Pavilion) Windward Auto Sales $6,600 $6, $6,030 $6, $500 Coastal Construction $6,000 $6, Co. Graham Builders, $5,152 $5,152 n/a 45 American Machinery $5,000 $5, Triple F Holdings, ZR Systems Group $5,000 $5, $5,000 $5, % 16 Avalon Health Care - $4,230 $1,230 $3, $2,500 Hawaii Auto Body Hawaii $3,300 $300 $3, Alakai Mechanical Corp. $2,525 $2, Stars Above Hawaii $2,500 $500 $2, Grand Wailea 1,460 $100,000 Hawaiian Dredging Construction Co $36,469 HIE Holdings Kamaaina Care (dba Kamaaina Kids) 1,100 11,520 Pacific Health Research and Education Institute $2,000 RESCO 383 1,200 $190,942 University of Hawaii 8,658 $396,331 Waianae District Comprehensive Health & Hospital Board 572 $25,000 Webco Hawaii 255 $8,629 Wells Fargo Home Mortgage of Hawaii, Cash donations for 501(c)(3) charities, cash and in-kind donations as a percentage of 2012 gross annual sales, 3 Employee volunteer hours during paid company time, 4 Employee volunteer hours not during paid company time, 5 These donations not included in Total Giving.