Ways That You Can Help OAA

By Ken Kamiya

Hawthorne Savings Fundraiser Program
Hawthorne Savings has established the Fundraiser Program to help nonprofit organizations in the communities they serve. All organizations recognized by the IRS as nonprofit are eligible for the Fundraiser Program. Each branch will have a list of nonprofit organizations in their area. The nonprofit organization must have a $100,000 monthly average balance in its member’s Hawthorne accounts to be eligible for a donation. It is not necessary to individually own an account with the above total of $100,000 for a nonprofit organization to benefit from the program. Individuals opening accounts, naming a qualified nonprofit organization of their choice, will be counted with other members toward the $100,000 qualifying amount whether the funds are to be held in transaction accounts (checking & savings) or CD accounts. The donation of Hawthorne Savings to the nonprofit organization is based on a yearly calculation with qualifying funds held in deposit on December 31st and donation to the organization in January of the following year.

How is the Donation Calculated?
CD accounts earn ½% or $500 per $100,000 based on an annualized term. This means that if a CD is opened for less than a year, the donation will be prorated. Transaction accounts (checking & savings) earn ½% or $500 per $100,000 based on accounts average monthly balance paid on an annualized term. There is no limit on the donation an organization can receive. Hawthorne Savings, Gardena Branch, located next door to the Albertsons Market at Western Ave. & Artesia Blvd., recognizes the Okinawa Association of America, Inc. (OAA) as a nonprofit organization that can benefit from this Fundraising Program. Your decision to open an account at Hawthorne Savings can benefit the OAA if you name OAA as your nonprofit organization of choice.

Automobile Donation to OAA
OAA has received its first automobile donation from Mr. & Mrs. George Inafuku. The proceeds from the sale of their 1986 Toyota Camry became a tax deductible charitable donation since OAA is designated as a 501c3 non-profit organization. Donated automobiles will be picked up by OAA. For more information regarding the donation of a car, please call Yoko at (310)532-1929

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