Three years ago we made a commitment to the survivors for a process that would be as painless as possible, recognizing they had already endured so much. Our settlement terms took into consideration the needs of survivors, the impacts on our organization and its mission, and the recommendation of mediators who have overseen thousands of cases. Most importantly, it has been about bringing closure to the pending litigation so that we may move forward and begin healing together.
The tentative settlement, subject to probate court approval, includes a payment of $80 million to the survivors. We are prepared to pursue and collect additional funds from St. Francis Medical Center and its insurers. This settlement will result in the release of the survivors’ claims against Kamehameha Schools.
As part of the settlement, a special fund will be established that provides medical, psychiatric care and counseling for students who have themselves experienced physical or sexual abuse while at Kamehameha Schools.
Though the settlement will have an impact on our educational spend, we are confident that we can manage the financial impact of this settlement without compromising the success of our strategic plan. The best minds in student well-being have joined our Advisory Committee to help us enhance policies and procedures that optimize our learning environment incorporating the spiritual, cultural and clinical components of care. Our Mālama Ola center is furthering our culture of awareness and vigilance through trainings with faculty, staff and students. And in the area of advancement, our organization is engaging leaders throughout Hawaiʻi and across the globe in Vision 2040 to propel our state forward and deepen the collective impact of restoring our people through education. We have important work to do.
Mahalo for your support throughout this entire process. We look forward to tomorrow as an even stronger organization that commits to fulfill the mission given to us by our Princess.