PunsUnited Fund: An Emergency Financial Aid Fund
Support Our Students!
One in five Punahou students currently receives financial aid. We anticipate that the COVID-19 pandemic will cause financial hardship for many Punahou families. If you are in a position to make a gift, please consider supporting the PunsUnited Fund for emergency financial aid, and help us ensure that 100% of our students remain enrolled.
The true value of a Punahou education is manifesting before our eyes in these challenging times, as the extraordinary hearts and minds of our alumni and students are on display through their work to help the world. Help us continue to educate future leaders to take the helm when the next crisis strikes.
Please consider making a gift to the PunsUnited Fund to support emergency financial aid at Punahou now.
Hear from students who have been the beneficiaries of financial aid during their time at Punahou.
Funding is also needed to continue bolstering our current endowment for financial aid, which secures long-term support for deserving students.
Endowed Financial Aid Funds
Punahou’s 534 endowed financial aid funds made it possible for 750 student families to afford a Punahou education in school year 2018 – 2019. Since 1994, Punahou’s financial aid budget has grown from $1 million to $7.8 million, thanks in large part to the generous donors who support its need-blind admissions policy and philosophical emphasis on a diverse learning community. In the past six years, a total of 130 new Endowed Financial Aid Funds were established through the Ku‘u Punahou Campaign.
It All Started with a Single Gift
Punahou’s first endowed fund was established by Rev. Eli Corwin on January 1, 1859, with a gift of $500 (still the current book value).
Rev. Eli Corwin was born on October 30, 1824, in Wallkill, New York. After graduating from Williams College and Union Seminary, he sailed for San Francisco as a seamen’s chaplain and eventually made his way to Honolulu in 1858. For the next 10 years, he served as pastor to the Fort Street Church, later to become Central Union Church. In 1859, he was named the “nominal president of Oahu College” in the interim between the School’s second president, Rev. Edward Beckwith, and its third, Rev. Cyrus T. Mills. During his tenure at Punahou, he also attended student rhetoricals and taught Bible History.
In 1868, Corwin returned to the mainland and passed away at the age of 74. The fund’s Market Value as of December 31, 2018, was $9,208. The fund has supported approximately 160 students since its introduction.