Cornwall-on-Hudson, New York – May 4, 2020 – Bank of America is bringing the global Giving Tuesday movement, #GivingTuesdayNow, to the Hudson Valley with a $75,000 matching challenge to the Food Bank of the Hudson Valley. #GivingTuesdayNow is a global day of generosity and unity, a day to come together and give back in response to the unprecedented need caused by COVID-19.
The Food Bank launched its COVID-19 response in mid-March and since then has provided more than 2.4 million meals to people in need throughout the 6-county region it serves. It has launched partnerships with local counties, cities, and emergency response organizations to hold special distributions or drive-thru pantries, worked with senior housing sites to provide food to seniors who are unable to leave their homes, increased food to school BackPack Programs, and launched a program to provide food to unemployed restaurant and hospitality workers.
“The need and the level of our service to respond to it are unprecedented in our organizational history,” said Paul Stermer, Director. “Thousands of people are in need of food assistance for the first time in their lives, and we are doing everything we can to provide them with good, nutritious food. We thank Bank of America for their very generous matching gift for Giving Tuesday Now and hope our community will respond in a positive way to help us expand our efforts.”
“The heart of our community shines through in times like this when we hear so many people asking how they can help. Giving Tuesday presents us with the opportunity to make a significant impact and I encourage all who are able to contribute to the Food Bank, and we will match their donations dollar for dollar up to $75,000,” said Jennifer MacPhee, Albany/Hudson Valley Market President for Bank of America. “Bank of America commends our longtime partner, the Food Bank of the Hudson Valley, for being a local leader in compassion, determination, and organization during times of need as they bring us together for Giving Tuesday.”
The Food Bank provides four meals for every dollar it spends, so this dollar-for-dollar match will enable the Food Bank to provide eight meals for every dollar donated. Gifts can be made from May 5-May 10 online at www.foodbankofhudsonvalley.org or by mailing a check to Food Bank of the Hudson Valley, 195 Hudson Street, Cornwall-on-Hudson, NY.
About The Food Bank of the Hudson Valley
The Food Bank of the Hudson Valley is a 501(c)(3) not-for-profit organization that collects donated food from the food industry and distributes it to 400 charitable agencies feeding more than 117,000 food-insecure people in 6 counties of the Hudson Valley. Last year, the organization distributed more than 16 million pounds of food. The Food Bank is a member of Feeding America, the national network of food banks, and is supported by foundations, private contributions, and fundraising events. For more information, call (845) 534-5344 or visit www.foodbankofhudsonvalley.org.
About Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
Bank of America has delivered more than $2 billion in philanthropic investments since 2009, with approximately $250 million in 2019 alone. In April 2019, the company announced a $5 billion Bank of America Community Homeownership Commitment™ to benefit low- and moderate-income homebuyers and communities across the U.S. over the next five years. Also in 2019, Bank of America Community Development Banking provided a record $4.88 billion in loans, tax credit equity investments and other real estate development solutions. Between 2005 and 2019, Bank of America financed 202,800 affordable housing units. To meet the unique needs of its 12 million small business owners, the company provides advice, solutions and dedicated support. Bank of America maintained its position as the nation’s top small business lender at the end of 2019, with $38.9 billion in total outstanding small business loan balances (defined as business loans in original amounts of $1 million and under), up 7% year over year.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. www.bankofamerica.com
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