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Food Bank For New York City Acquires FoodChange
Date:9/4/2007

Acquisition Will Help Increase Programs and Services for the More Than 2

Million New Yorkers at Risk of Hunger

NEW YORK, Sept. 4 /PRNewswire-USNewswire/ -- Food Bank For New York City has acquired FoodChange, Inc. The transaction will enable the Food Bank to work more effectively to meet the needs of the more than two million New Yorkers who are struggling to put food on the table and to advance the two organizations mutual mission to end hunger.

"The Food Bank For New York City has been steadily growing its programs and services, thus changing the definition of what it is to be a food bank," said Lucy Cabrera, Ph.D., President and CEO of Food Bank For New York City. "We are thrilled to be combining efforts with FoodChange to cohesively combat the problem of hunger in New York. The coming together of our two organizations provides an excellent opportunity to broaden our services and to help an even larger population in need."

Through the provision of emergency food and education to its network of more than 1,000 member organizations, the Food Bank has singular access to low-income city residents. FoodChange programs promote access to nutritious food and government nutrition and income support programs. Working together the two organizations provide a unique opportunity to connect emergency food program participants with a continuum of services. The Food Bank's expertise in research, policy and advocacy will steer these efforts to further their long-term goal of ensuring local and permanent access to affordable, nutritious food for all low-income New Yorkers.

Dr. Lucy Cabrera will be President and CEO of both organizations.

The Food Bank For New York City helps provide necessary food for more than one million New Yorkers through our network of over 1,000 community food programs throughout the five boroughs, including soup kitchens, food pantries, shelters, senior centers and Kids Cafes. Those most in need include women and children, the elderly, people with disabilities and the working poor. We are New York City's only food bank. The efficiency of our Food Bank model allows for 97 cents of every dollar donated to be used for food acquisition, distribution and programs. Charity Navigator -- the nations largest independent charity evaluator -- gave the Food Bank For New York City its third consecutive highest four-star rating for excellence and efficiency in the successful management of organizational finances. For more information, go to http://www.foodbanknyc.org

CONTACT: Carol Schneider (212) 566-7855, ext. 2231


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SOURCE Food Bank For New York City
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