Financial Aid Funds

Endowed Financial Aid Funds make a Punahou education accessible to the broadest pool of qualified students. This vibrant student body reflecting Hawai‘i’s socioeconomic and ethnic diversity enriches the educational experience for all. A strong endowment is essential to moderate tuition increases and to enhance Punahou’s capacity to award financial aid. There are 440 named Endowed Financial Aid Funds as of June 30, 2018, the income distribution from which provided $3.1 million towards financial aid awarded for the 2017 — 2018 school year.

New Funds

A.I.M. High

In the first grade, Darin Arita’s ’93 scholastic level was well below that of his classmates, but his first-grade teacher helped accelerate his learning with a different teaching method, applied through additional homework assignments. When Arita entered Punahou in the fourth grade, he was nearly held back a year, but his teachers gave him a chance, and he went on to grow and thrive. After graduating, Darin pursued his aspiration to work at large financial institutions in Washington, D.C. and New York. He has since been recognized as a top stock analyst on Wall Street and a top corporate executive in his field. He named this endowed financial aid fund after his fourth-grade teachers, borrowing the first letter of their last names: Jane Affleck, Dana Izumi and Chris McLaren. Because his parents and teachers were critical at many points of his journey, the fund is dedicated to them – an expression of his gratitude to his parents for their love, support and encouragement, and to all of his teachers for their patience, wisdom and guidance. 

Darin Arita ’93 established the A.I.M. High Fund to provide young students with the opportunity to dream big and to achieve their fullest potential. Arita hopes this endowed fund will help relieve some of the financial burden of parents in need, and remind students to aim high with gratitude for their parents and teachers.

Sidney Ayabe and Gloria “Cookie” Doo ’65 Ayabe

Sidney and Gloria “Cookie” Doo ’65 Ayabe established this named endowed financial aid fund in honor of Cookie’s 50th Reunion. Cookie recalled that entering Punahou as “an outsider in the seventh grade, with my pidgin English and my strange local way of dressing, the school was big enough so you could find your own niche.” She would eventually share her three daughters’ – Lisa ’00, Sara ’01 and Marie ’04 – journey through Punahou, and she and husband Sidney felt inspired to show their gratitude to the School. They hope that this endowed financial aid fund will “help other students experience the same extraordinary Punahou education our three daughters enjoyed.”

The Sidney Ayabe and Gloria “Cookie” Doo ’65 Ayabe Endowed Financial Aid Fund was established to provide support to students who can benefit from Punahou’s education, which nurtures the unique path of each individual.

Prof. Arthur N.L. Chiu Family

“Education is something I can give you that will last forever. It can never be lost, stolen or destroyed,” said long-time University of Hawai‘i Civil Engineering Professor Arthur Chiu to his daughter Vicky ’71. After living through the Japanese occupation of Singapore during World War II, Chiu was the only member of his family to receive a college education, studying at Oregon State University, Massachusetts Institute of Technology and the University of Florida. He began his teaching career at the University of Hawai‘i in 1953, where he taught civil engineering with a focus on how wind affects structures. His globally recognized research included reports on natural disasters, including hurricanes Iwa and Iniki, and helped to shape building codes in Hawai‘i. His children Vicky and Gregory ’73, and grandchildren Krysten ’08 and Ryan Irion ’12, all graduated from Punahou. Both Vicky and Krysten have followed in Chiu’s footsteps: Vicky now teaches in the UH system, while Krysten is a tenured teacher at Jarrett Middle School. Vicky chose to create this endowed financial aid fund to honor her late father’s legacy for her 45th reunion. Ryan and Krysten also contributed to the fund for their 5th and 10th reunions, respectively.

The Prof. Arthur N.L. Chiu Family Fund was established to provide assistance to a well-rounded senior taking the highest level math, science or music courses, and to nurture future generations to think critically, problem-solve and improve the world around them by paying the gift of education forward.

Loveday ’66 and Lytha ’70 Conquest

Loveday Conquest remembers well the academic pace of her freshman year at the Claremont Colleges. Weekly assignments in math and foreign languages required time in the language lab and many pages of reading, much of it available only in two-hour chunks from the library’s reserve desk. She recalls thinking, “Well, this isn’t too different from senior year at Punahou – a calculus test with Mr. Bowers every Friday, a German test with Herr Kieslich every Thursday and an AP English paper due each Monday for Mr. Nelson!” In other words, Punahou had prepared her well for the rigors of a college education. Listening to her classmates complain about how much harder college was than high school drove this point home: not all students had an educational experience like hers. Over the years, Conquest gave back to the School when she could, in the amounts that she could. As she neared retirement, she became aware of charitable gift annuities, creating one in 2010 and another for her 50th Reunion, but when she learned about the Changing Lives Challenge, it was the perfect opportunity to create a lasting expression of her gratitude toward Punahou. 

The Loveday ’66 and Lytha ’70 Conquest Endowed Financial Aid Fund was created to provide future students with the same opportunities that Loveday Conquest felt she had been given. She and sister Lytha Conquest ’70 Dee are one of several sibling pairs between the two classes of 1966 and 1970.

Gordon H. Damon ’47

Gordon Damon ’47 was born in Honolulu, a fourth-generation missionary descendant of Samuel C. Damon and Julia M. Damon who arrived in Hawai‘i in 1842. After graduating from Punahou, Damon attended Williams College and later served in the U.S. Air Force, stationed in Morocco. As a real estate developer in Honolulu, Damon had a long career spanning several decades. Some of his projects included The Tropic Isle Hotel in Waikiki, Haiku Plantation and Kaloko Mauka on Hawai‘i Island. Gordon’s greatest passion was the ocean and he was an avid scuba diver who dived all over the Hawaiian Islands and in many exotic locations around the world. He also served on the board of the Waikiki Aquarium and The Oceanic Institute. 

The Gordon H. Damon ’47 Endowed Financial Aid Fund was created to honor his life and legacy, and to make Punahou accessible to talented students who qualify for financial aid.

Richard T. Hirano Family

Richard T. Hirano was born in Hakalau, Hawai‘i, and had to cut short his schooling to provide for his mother and siblings after his father died during the Great Depression. Despite the lack of a formal education, Richard and his brothers founded a successful general contracting and real-estate development business. Later in life, Richard and his wife, Muriel, were able to give the gift of a great education to their two sons, Kennon ’77 and Bryan ’78, who all graduated from Punahou, along with Bryan’s son Remington ’18.

The Richard T. Hirano Family Endowed Financial Aid Fund was created by Muriel Hirano to honor the memory of her husband and to provide the special gift of a Punahou education to students with financial need.

Hoke Family

Darrel and Denise Hoke feel blessed that their children received a broad range of educational experiences at Punahou that helped to lay a strong foundation for their futures. They have watched each of their children, Tanner ’12, Brad ’15, Bryant ’19 and Tori Lyn ’21, take advantage of numerous opportunities to forge their own unique journey through the School and through life. Through their four children, they have also seen the diverse facets of a Punahou education – in the classroom, through dance, arts, music, athletics, chapel and global education programs through Wo International Center. “The gift of a Punahou education is truly a gem,” say Darrel and Denise. “We give because we are grateful for what our family has been given.  Our wish is to help others in some small way.” 

The family is grateful for its Punahou experiences, as students, alumni and parents, and hopes that their scholarship fund makes it possible for future young people to embrace and appreciate all that Punahou has to offer.

Brie ’20, Chev ’22 and Cashel ’23 Kodama

The Brie ’20, Chev ’22 and Cashel ’23 Kodama Endowed Financial Aid Fund was named for the children of Lori and DK Kodama, who feel blessed that their children are a part of the Punahou community. They are impressed by and grateful for the many dimensions of a Punahou education that their children have experienced and the diverse learning opportunities that are available to students, and want to “pay it forward” to help other students have such opportunities.

Through establishing the Brie ’20, Chev ’22 and Cashel ’23 Kodama Endowed Financial Aid Fund, Lori and DK Kodama hope to support Punahou’s vision of providing financial support to talented students who can enrich the School community for all.

Chris ’67 and Monica Mamiya ’77 McLaren

Chris and Monica McLaren both graduated from Punahou and met when they returned to teach at the School. In addition to their combined 43 years as Junior School faculty members, their family connections to Punahou run deep, through their children, Mollie ’06 and Ty ’11, and their many siblings who also attended the School. The McLarens are inspired by Punahou’s commitment to be “a private school with a public purpose,” which includes the responsibility of being an innovator that raises the tides for educators everywhere. Their giving carries the “hope, expectation and confidence that the School will continue to powerfully affect people’s lives the way it has affected ours. We know the good that can come into the world because of the Punahou experience.”  

The Chris ’67 and Monica Mamiya ’77 McLaren Endowed Financial Aid Fund was established by the McLarens to support students at Punahou School who qualify for financial aid, reflecting the McLarens’ deep belief in Punahou’s vision of building a diverse learning community.

Nainoa Thompson ’72 Wayfinder Financial Aid Fund

One of Polynesian Voyaging Society President Nainoa Thompson’s ’72 great achievements was sailing the traditional Hawaiian canoe Hōkūle‘a around the globe in the “Mālama Hōnua” Worldwide Voyage. From 2013 – 2017, Hōkūle‘a shared a message of aloha and care for the planet, inspiring thousands of people across many continents and countries to do the same. “His story is a tremendous model for young people,” says Franklin Tokioka Sr. ’54. “We’re going to need people who think big and are willing to lead in different ways to navigate the challenges that our world will face in the future.” Inspired by Nainoa’s courage and leadership, Tokioka, together with Colbert and Gail Morikawa ’81 Matsumoto and the Island Insurance Foundation, chose to create an endowed financial aid fund at Punahou School.

The Nainoa Thompson ’72 Wayfinder Financial Aid Fund was established in honor of master navigator Nainoa Thompson ’72 to support students who qualify for financial aid and demonstrate leadership potential in community service.

Sung Low and Hyun Sook Yoon Family

Like many other families, Sung Low and Hyun Sook Yoon took a risk and left their home in Korea to move to the United States in pursuit of a better future. They chose Hawai‘i, which catalyzed a series of fortuitous decisions that included sending their two boys, Eddie ’92 and Jimmy ’94, to Punahou. The School provided their sons with far more than just an education, they say, but formative experiences, lifelong friends and more. None of this would have been possible without the generosity of other donors who supported their sons with financial aid, and the Yoons chose to pay this gift forward to future generations of students who can benefit from Punahou as their children did.

The Sung Low and Hyun Sook Yoon Endowed Financial Aid Fund was created with deep gratitude, joy and hope for the future. The Yoons hope that many more students and families, regardless of their financial circumstances, will be able to experience the blessing that Punahou has been for them.

Fund List


Class years after 1930 are abbreviated.

Bold type indicates funds to which additional contributions were made during the 2017 – 2018 fiscal year.

+ indicates new Endowed Funds established during the 2017 – 2018 fiscal year.