The Nonprofit Financial Seminar at Chaminade offers key resources to Hawaii charitable organizations.
On the one-year anniversary Thursday of the devastating Lahaina wildfire disaster, attendees of Chaminade’s 21st annual Nonprofit Financial Seminar were praised for their unwavering support to those in need on Maui, encouraged to search out innovative opportunities to serve, and offered resources on how they can leverage government support and tax laws to bolster their efforts.
During his opening remarks at the event, Chaminade Provost Lance Askildson said Hawaii charitable organizations “were among the first to jump into the breach alongside regular people looking to help.”
“Government and the for-profit sectors have their roles to play in our communities,” he said. “But it is nonprofit organizations, like yours and Chaminade—guided by values-based missions and deeply connected to their local communities—that are among the first to arrive and the last to leave.”
Organized annually by Chaminade’s School of Business and Communication, the daylong seminar featured an impressive slate of presentations this year. Data House’s Clyde Shiigi and Kaleokalani Kuroda of HawaiiUSA Federal Credit Union discussed trends in artificial intelligence, while panelists with Make-A-Wish Hawaii, Hawaii Leadership Forum, Big Brothers Big Sisters Hawaii and Kupu tackled another pressing topic: “Attracting and Developing the next Generation of Nonprofit Leaders.”
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Representatives from more than 30 charitable organizations attended the event.
In her welcome address, School of Business and Communication Dean Annette Santos led a moment of silence to honor all those impacted by the Maui wildfires tragedy, which claimed 102 lives and left thousands displaced. One year later, the work of rebuilding Lahaina is just beginning.
Santos said in the wake of the disaster, shared Marianist and Hawaii values can be a guiding light, reminding the community of the importance of ‘ohana, resilience and the kuleana to care for one another.
“Our Marianist values are dedicated to education and community service so let us continue to be inspired to support and uplift those in need, demonstrating the aloha spirit through our compassion and collective efforts to rebuild and heal,” Santos told attendees, in her speech.
Organizers say the Nonprofit Financial Seminar aims to provide key guidance and resources on financial and operational issues related to leading and managing nonprofits. “As we embark on today’s seminar, it is important to recognize the added value that your participation brings,” Santos said.
“By attending this event, you are not only gaining valuable insights and knowledge but also playing a crucial role in providing Chaminade students with opportunities for growth and development.”
Trever Asam, a partner at the Cades Schutte law firm, spoke at the seminar on tax changes impact nonprofit organizations. “There are some years, when there aren’t many updates so my presentation is somewhat repetitive,” said Asam, a regular guest speaker at this event. “But this year, there have been a ton of updates the past 12 to 18 months, especially in relation to donor-advised funds.”
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Tax Foundation of Hawaii President Tom Yamachika also covered tax law changes that could impact nonprofits. Among them: Film tax credits. “If you don’t comply, you may lose the credits, which could amount to a loss of a lot of money,” he said. “It’s up to you, the taxpayer, to provide all the proof.”
Santos said in addition to nonprofit professionals, Chaminade students benefit from the seminar
“This opportunity provides our students with invaluable, pragmatic learning experiences … and underscores the significant impact higher education has on our community,” Santos said.
