On June 29, 2012, Alexander & Baldwin, Inc., the funding company for the A&B Foundation, separated into two publicly-traded companies, each now with its own charitable giving program--the Matson Foundation and the A&B Kokua Giving Program. As a result of this separation, the A&B Foundation will no longer be used as a vehicle for charitable giving.

Each company -- A&B with its real estate and agriculture subsidiaries and Matson with its transportation and logistics focus -- will continue independent programs of charitable giving, supporting the communities in which their employees live and work.