Eight local nonprofits receive $625k thanks to CPB Foundation and Federal Home Loan Bank

HONOLULU, HI (April 14, 2025) - Thanks to the Central Pacific Bank (CPB) Foundation and matching funds from the Federal Home Loan Bank (FHLB) of Des Moines, $625,000 has been donated to eight local nonprofit organizations for projects and programs that benefit Hawaii's people.

The local recipients were selected by CPB Foundation based on need and the ability of the program to support residents. Projects that could be announced at this time include:

• aio Foundation: $275,000 for Hui Mahiai Village, a planned community of homes and communal facilities in Waimanalo for approximately 192 currently houseless individuals
• King Lunalilo Trust: $62,500 to help fund pre-development costs for a 20-unit affordable housing project in Hawaii Kai
• Holomua Collective: $37,500 for its Lahaina Deed Restriction Grant Program
• St. Francis Healthcare System of Hawaii: $37,500 to provide resources as the organization transforms itself for long-term sustainability
• The Institute for Human Services: $37,500 to help build administrative offices to increase efficiency and better support the unhoused community it serves
• Hawaiian Community Assets: $25,000 to support their mission of building the capacity of low- and moderate-income communities to achieve and sustain economic self-sufficiency
• Child & Family Service: $25,000 to support initiatives for community development, family and youth programs and the prevention of child abuse

"We are truly grateful to Central Pacific Bank Foundation for initiating the matching fund grant with FHLB and for its continued commitment to help resolve some of the most pressing issues facing Hawaii. Blanche McMillan, founder of Hui Mahiai Village, is an angel and our collective support for her vision and that of the Village is an example of unrelinquished collaboration among leadership in government and private industry," shares Duane Kurisu, founder and chairman of aio.

In recent years, aio Foundation has focused on solutions to help empower those who feel powerless and disenfranchised, including the building of communities such as Hui Mahiai Village in Waimanalo that will not only provide homes for the houseless, but also offerresidents educational programs and social structure to help them live more fulfilling lives. The CPB Foundation is a longstanding partner of the aio Foundation including on its recent Kahauiki Village project. CPB Foundation is honored to be helping bring more affordable housing to Hawaii residents.

Since its inception in 2007, the CPB Foundation has committed to strengthening Hawaii's communities through partnerships, collaborations and signature programs that provide investment and leadership to provide support where it is needed most, and by helping Hawaii define a path to a brighter future.

"The relationship between the CPB Foundation and FHLB Des Moines allowed us to multiply our impact to better support the people of Hawaii through these critical nonprofit organizations," explains Catherine Ngo, CPB Foundation president. "We were delighted that CPB Foundation was approved for $1.50 to $1 matches from the FHLB Member Impact Fund, thereby enabling us to provide even greater benefit to our local community."

"The Member Impact Fund continues to make a profound impact on our members' efforts to create affordable housing accessibility and community development," says Kris Williams, president and CEO of FHLB Des Moines. "It's inspiring to see the increased usage year-overyear."

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About Federal Home Loan Bank of Des Moines
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. It works together with over 1,200 member institutions to support affordable housing, economic development and community improvement.

FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit fhlbdm.com.

About the CPB Foundation
Central Pacific Bank (CPB) Foundation, the philanthropic arm of CPB, supports local nonprofit community-based and people-focused programs to improve the lives of the beneficiaries of such programs throughout our state. CPB Foundation is a 501(c) non-profit organization. Central Pacific Bank is chartered in Hawaii. Member FDIC