Food security

Cadmus Company Awarded $800 Million Prime Contract on USAID Central America Regional Support Services IDIQ

Retrieved on: 
Thursday, March 28, 2024

Cadmus Company Nathan Associates, a leading provider of international development solutions and technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, has secured a prime position among the eight awarded to large businesses to provide services in support of USAID’s regional and bilateral programs in Latin America and the Caribbean.

Key Points: 
  • Cadmus Company Nathan Associates, a leading provider of international development solutions and technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, has secured a prime position among the eight awarded to large businesses to provide services in support of USAID’s regional and bilateral programs in Latin America and the Caribbean.
  • Under this contract, Cadmus will leverage its technical and strategic expertise to support the $800 million, five-year USAID/El Salvador Central America Regional Support Services IDIQ.
  • This achievement is a significant milestone for Cadmus in Central America, underscoring the company’s commitment to effecting transformative change in the region and solidifying its reputation as a trusted partner.
  • "Cadmus' longtime support for USAID expanded significantly when Nathan Associates joined our firm last year," said President and CEO Ian Kline.

Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

Retrieved on: 
Thursday, March 28, 2024

Fourth quarter gross margin was 55%, compared to 55% in the fourth quarter of fiscal year 2023.

Key Points: 
  • Fourth quarter gross margin was 55%, compared to 55% in the fourth quarter of fiscal year 2023.
  • Fourth quarter Non-GAAP Gross Margin(1) was 58%, compared to 58% in the fourth quarter of fiscal year 2023.
  • (1) Please see “Planet’s Use of Non-GAAP Financial Measures” below for a discussion on how Planet calculates the non-GAAP financial measures presented herein.
  • The actual amount of these expenses during the first quarter of fiscal year 2025 will have a significant impact on Planet’s future GAAP financial results.

Sumitomo Chemical and Valent BioSciences Announce Divestiture of Pace International and Future Collaboration with AgroFresh Solutions in the Postharvest Solutions Space

Retrieved on: 
Wednesday, March 27, 2024

Sumitomo Chemical Co., Ltd. and Valent BioSciences LLC announced today that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space.

Key Points: 
  • Sumitomo Chemical Co., Ltd. and Valent BioSciences LLC announced today that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space.
  • The decision to divest the Pace International business unit is part of Sumitomo Chemical’s strategic realignment efforts.
  • Sumitomo Chemical and Valent BioSciences also plan to develop a strategic research collaboration with AgroFresh.
  • Under this collaboration, Sumitomo Chemical and Valent BioSciences will continue working together in developing innovative new postharvest solutions and bringing them to the market with AgroFresh’s global market access.

ADM and Water.org Partner to Increase Global Access to Safe Water and Sanitation

Retrieved on: 
Friday, March 22, 2024

ADM (NYSE: ADM), a global leader in sustainably sourced solutions from nature, is furthering its commitment to bringing safe water and sanitation to the world by providing a $1 million contribution to Water.org in support of the nonprofit organization’s efforts to transform millions of lives on a global scale.

Key Points: 
  • ADM (NYSE: ADM), a global leader in sustainably sourced solutions from nature, is furthering its commitment to bringing safe water and sanitation to the world by providing a $1 million contribution to Water.org in support of the nonprofit organization’s efforts to transform millions of lives on a global scale.
  • Today, 2.2 billion people – 1 in 4 – lack access to safe water, and 3.5 billion – 2 in 5 people – do not have access to a safe toilet.
  • ADM’s contribution will support programs in Peru, Brazil, Mexico, the Philippines, Cambodia, and Indonesia, enabling Water.org to improve safe water and sanitation for more than 116,800 people in need.
  • “With ADM’s support, Water.org can help empower even more people in need with access to safe water and sanitation solutions that last.”
    “Water.org's efforts to address the water crisis and improve access to safe water and sanitation is a powerful approach that brings hope, health and opportunities for millions of people.

Avangrid Foundation Provides $100,000 Grant to Expand Food Pantry at SUNY Broome

Retrieved on: 
Thursday, March 21, 2024

The Avangrid Foundation, the primary philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), joined SUNY Broome today to celebrate the grand reopening of the college’s Hornet Hope Center, a newly upgraded on-campus food pantry and clothing closet.

Key Points: 
  • The Avangrid Foundation, the primary philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), joined SUNY Broome today to celebrate the grand reopening of the college’s Hornet Hope Center, a newly upgraded on-campus food pantry and clothing closet.
  • This new student resource center was made possible thanks to a $100,000 grant from the Avangrid Foundation, continuing the Foundation’s commitment to supporting food security.
  • The Avangrid Foundation grant allowed the Center to move to a larger, newly renovated space on campus with energy-efficient lighting.
  • SUNY Broome is proud to partner with Community Hunger Outreach Warehouse (CHOW) , a network of food pantries in Broome County, to assist in stocking the food pantry, open to students during regular daytime hours and by appointment.

Newman’s Own Foundation Announces Inaugural Food Justice for Kids Prize

Retrieved on: 
Wednesday, March 20, 2024

Newman's Own Foundation, the private foundation created by legendary actor, racecar driver, and philanthropist Paul Newman to carry on his legacy of giving away 100% of all the profits and royalties it receives from the sale of Newman's Own food and beverages, announced today the inaugural Food Justice for Kids Prize .

Key Points: 
  • Newman's Own Foundation, the private foundation created by legendary actor, racecar driver, and philanthropist Paul Newman to carry on his legacy of giving away 100% of all the profits and royalties it receives from the sale of Newman's Own food and beverages, announced today the inaugural Food Justice for Kids Prize .
  • The Food Justice for Kids Prize will provide up to $1 million in funding to be shared among ten organizations (over two years).
  • View the full release here: https://www.businesswire.com/news/home/20240320196916/en/
    Newman's Own Foundation Announces Food Justice for Kids Prize: Apply by June 11, 2024 (Graphic: Business Wire)
    "We are thrilled to launch Newman’s Own Foundation’s first-ever Food Justice for Kids Prize, representing a significant leap forward in our longstanding commitment to Indigenous Food Justice and Nutritious School Food and Education for children,” says Alex Amouyel, President and CEO of Newman's Own Foundation.
  • The Food Justice for Kids Prize will catalyze funding and visibility for up to ten organizations dedicated to innovation and impact across two priority program areas: Indigenous Food Justice and Nutrition Education and School Food.

The Washington Area Community Investment Fund (Wacif) Announces Shannan Herbert as its New CEO

Retrieved on: 
Tuesday, March 19, 2024

Today, the Washington Area Community Investment Fund (Wacif) announced Shannan Herbert as its new CEO.

Key Points: 
  • Today, the Washington Area Community Investment Fund (Wacif) announced Shannan Herbert as its new CEO.
  • An accomplished finance executive with deep expertise in commercial banking, community development banking, fintech, and the nonprofit sector, Herbert has dedicated her career to providing capital and capacity building support to communities that have been historically under-resourced.
  • She received her Bachelors in Business Administration from Howard University and an MBA from Loyola University Maryland.
  • Herbert was the board’s unanimous selection from a pool of highly talented, experienced, and diverse finalists.

Blessings in a Backpack, Jim & Tabitha Furyk Foundation and Nemours Children’s Health Raise Awareness of Childhood Food Insecurity at THE PLAYERS Championship

Retrieved on: 
Friday, March 15, 2024

On Wednesday, March 12, the Jim & Tabitha Furyk Foundation and Nemours Children’s Health joined Blessings in a Backpack at THE PLAYERS Championship Kid Zone for the second consecutive year to address childhood hunger in the community.

Key Points: 
  • On Wednesday, March 12, the Jim & Tabitha Furyk Foundation and Nemours Children’s Health joined Blessings in a Backpack at THE PLAYERS Championship Kid Zone for the second consecutive year to address childhood hunger in the community.
  • View the full release here: https://www.businesswire.com/news/home/20240315917128/en/
    On Wednesday, March 12, the Jim & Tabitha Furyk Foundation and Nemours Children’s Health joined Blessings in a Backpack at THE PLAYERS Championship Kid Zone for the second consecutive year to address childhood hunger in the community.
  • The organizations packed bags of food for Blessings in a Backpack recipients.
  • Students also had the opportunity to collect autographs from their favorite golfers at the Autograph Zone, presented by Nemours Children’s Health.

Northern Trust Releases 2023 Philanthropic Impact Report

Retrieved on: 
Tuesday, March 12, 2024

Additionally, 2023 was a record-setting year for Northern Trust’s employee volunteer efforts.

Key Points: 
  • Additionally, 2023 was a record-setting year for Northern Trust’s employee volunteer efforts.
  • “Our employees logged record-breaking level of volunteerism in 2023, which shows one measure of how important our communities are to our company,” Northern Trust Chief Social Impact officer Shana Hayes said.
  • Northern Trust works with organizations that support educational equity to foster human potential including Seva Sahayog Foundation, based in Pune, India.
  • Northern Trust supports organizations including Stiftung Schweizer Tafel to ensure reliable, everyday access to nutritious meals.

Bridge Investment Group Announces Key Developments in Its $75 Million “Bridge to Opportunity” Program

Retrieved on: 
Tuesday, March 12, 2024

Bridge to Opportunity focuses on three key pillars: Bridge to Education, Bridge to Healthy Communities and Bridging the Gap to Financial Wellness.

Key Points: 
  • Bridge to Opportunity focuses on three key pillars: Bridge to Education, Bridge to Healthy Communities and Bridging the Gap to Financial Wellness.
  • These initiatives include:
    Expanded philanthropic commitments totaling approximately $75 million over the next 10 years as part of the Bridge Community Enhancement Initiative (“BCEI”) and Bridge’s corporate charitable giving.
  • As of 4Q 2023, Bridge has raised $4.2 billion and invested $3.8 billion in 78 Opportunity Zone developments around the country.
  • In addition, through its Bridge to Opportunity program, Bridge has philanthropically supported its Opportunity Zone development communities.