Amazon provides largest gift in Feeding America history
As many retailers and manufacturers continue to donate large amounts of money to local organizations in aid of COVID-19 relief, Amazon has stepped up with a massive donation of $100 million to Feeding America.
That amount is nearly as much as 3.5% of the company’s annual revenue in 2019, and per Feeding America representatives, marks the largest single gift in the non-profit’s history.
Jeff Bezos, chief executive officer of Amazon, announced the gift over Instagram.
“Even in ordinary times, food insecurity in American households is an important problem, and unfortunately COVID-19 is amplifying that stress significantly,” Bezos said. “Non-profit food banks and food pantries rely in large part on surplus food from a range of food businesses. For example, many restaurants donate excess food. But during this time of social distancing, restaurants are closed, and many other normal channels of excess food have also shut down. To make matters worse, as supply is dwindling, demand for food bank services is going up.”
Read more on the donation and Feeding America’s struggles in the story posted by sister publication Retail Leader.