Media Donated $1.4M 1.5Billion 100%Of Feeding

Total Page:16

File Type:pdf, Size:1020Kb

Media Donated $1.4M 1.5Billion 100%Of Feeding BRINGING HOPE TO 46 MILLION PEOPLE 2014 ANNUAL REPORT Feeding America is the nation’s leading domestic hunger-relief organization. Our mission is to feed America’s hungry through a nationwide network of member food banks and engage our country in the fight to end hunger. Each year, the Feeding America network helps provide food to more than 46 million people facing hunger in the United States, including 12 million children and 7 million seniors. Through 200 member food banks and 60,000 food pantries and meal programs, the Feeding America network serves all 50 states, the District of Columbia and Puerto Rico. Together we secure nearly 4 billion pounds of food annually, which provides 3.3 billion meals directly to individuals and families in need. OUR LEADERS 2 FEED THE NATION 4 LEAD THE MOVEMENT 14 DONOR HONOR ROLL 26 NETWORK MEMBERS 48 FINANCIALS 50 OUR LEADERS BRINGING HOPE TO 46 MILLION PEOPLE Dear Friends, What began 35 years ago as a small group of dedicated food bank leaders is now the nation’s leading domestic hunger-relief organization—a powerful and efficient network of 200 food banks and 60,000 food pantries and meal programs. Today, we respond to the hunger crisis by not only providing food to people in need, but also building collaborative long-term solutions to address root causes of hunger. While food insecurity rates remain the highest ever recorded—1 in 6 Americans face hunger—people like you have made the difference because you believe in the possibility of a hunger-free America. You believe that no child or neighbor of yours should go to bed hungry or wake up wondering where his or her next meal might come from. As businesses, charities, individuals and government agencies, we all have a role to play in getting more food to people in need. Your engagement has galvanized us to think boldly about our role. Feeding America is committed to feeding the nation by more comprehensively addressing the meal gap, the 8.6 billion meals missing from families’ tables each year, and leading the movement to end hunger in our country. This year the Feeding America network of food banks provided our neighbors with 3.3 billion meals, a quarter of which were comprised of fruits and vegetables. Together we protected hunger-relief legislation from harmful cuts, released groundbreaking research, increased public support, and strengthened programs that reach vulnerable populations like children and seniors. Your generosity inspired growth in donations of both food and funds and made Feeding America a $2.1 billion nonprofit organization, which has enabled us to reach more men, women and children than ever before. Together we provide meals for more than 46 million people to help them lead healthier, more active lives. Together, a hunger-free America is possible. Together we can solve hunger. Thank you for investing in Feeding America and our mission. Bob Aiken Jan Pruitt Chief Executive Officer Chair, Feeding America Board of Directors Feeding America President and Chief Executive Officer North Texas Food Bank 2014 ANNUAL REPORT | 2 BOARD OF DIRECTORS The Feeding America Board of Directors is made up of leaders from many sectors who are dedicated to our mission to end hunger in America. Feeding America is fortunate to be led by generous stewards of the organization: 100 percent of Feeding America board members donate to Feeding America. Jan Pruitt, Chair Geoff Covert Keith D. Monda Matthew E. Winter President and Chief Senior Vice President Retired President President, Allstate Auto, Executive Officer The Kroger Co. Coach Inc. Home and Agencies North Texas Food Bank Allstate Insurance Deborah Flateman Shawn O’Grady Company Bob Aiken President and Chief Senior Vice President Chief Executive Officer Executive Officer President, Sales & Troy Zander, Feeding America Maryland Food Bank Channel Development General Counsel General Mills, Inc. Partner Paul Alexander Vincent M. Howell, DLA Piper LLP Executive Vice Treasurer DeDe Priest President and Chief Global Vice President, Senior Vice President, Kevin D. Seggelke, Communications Officer Talent and Development General Merchandising National Council Chair Liberty Mutual Insurance MARS Food and Drinks Manager President and Chief Walmart Executive Officer Steven Barr Kathy Jackson Food Bank of the Partner Chief Executive Officer Terry Scully Rockies US Assurance Retail Second Harvest Food Former President and Consumer Leader Bank of Santa Clara and Target Financial and Andrea Yao, Staff PricewaterhouseCoopers San Mateo Counties Retail Services Secretary Legal Counsel David Brearton Michael J. Lewis Chris Shea Feeding America Executive Vice Former Executive Vice Retired Executive President and Chief President, President of Vice President, Financial Officer Retail External Relations, Mondel¯ez International OfficeMax General Mills, Inc. and President, Joan Chow Bill McMahon General Mills Foundation Executive Vice President Managing Director 100% of Feeding America and Chief Marketing Morgan Stanley David Taylor Officer Wealth Management Group President–Global board members donate to ConAgra Foods Group Health and Grooming Feeding America. The Procter & Gamble Company NATIONAL OFFICE LEADERSHIP To advance the mission of the organization, Feeding America employs more than 200 talented individuals in our Chicago national office, Washington, DC office and in field locations across the country. Bob Aiken Lisa Davis Daphne Logan Bill Thomas Chief Executive Officer Senior Vice President of Senior Vice President Chief Supply Chain Government Relations of Human Resources Officer Matt Knott President Paul Henrys Leah Ray Johanna Vetter Chief Financial Officer Senior Vice President Chief Marketing Officer Maura Daly of Development Chief External Affairs Officer 2014 ANNUAL REPORT | 3 FEED THE NATION To build the foundation of a brighter tomorrow, Feeding America provides nutritious meals to help feed families today. In 2014, the Feeding America network of food banks helped provide 3.3 billion meals to 46 million people, bringing us closer to achieving our goal to provide 3.6 billion meals to families facing hunger annually by 2018. We work every day to exceed this goal, so that one day, every American has the food they need to live a healthy and active life. 2014 ANNUAL REPORT | 4 PARTNERING TO RESCUE FOOD, REDUCE WASTE AND FEED MORE PEOPLE For 35 years, Feeding America has provided a means Over 40 percent of all food produced is never for good, safe excess food to be shared with families consumed, not only wasting the nutrients in that who do not have enough to eat. As a member of the food but also the resources invested in its growth Food Waste Reduction Alliance and critical partner and production. Together, we can continue to reduce to the food industry, the Feeding America network waste to provide more meals for more people. of food banks rescued a record 2.5 billion pounds of food from going to waste this year, benefiting the planet, our partners and the communities we serve. MORE THAN 70 BILLION POUNDS OF FOOD GOES TO 70B WASTE IN THE U.S. EVERY YEAR MEALS PROVIDED BY CHANNEL 16.0% The Feeding America network of food banks relies on five primary sources to create a steady supply of food for the people we serve: retail donations, manufacturing donations, 1B MEALS federal commodities, fresh produce and purchased food. 1.8% 13.2% 748M MEALS 573M MEALS 1.0% 3.4% 456M MEALS 506M MEALS Purchased Fresh Federal Manufacturing Retail Food Produce Commodities Donations Donations Based on U.S. Department of Agriculture (USDA) guidelines, a meal is equal to 1.2 pounds of food and grocery product. FY 2013 FY 2014 RETAIL DONATIONS Food and product donations from our generous FEEDING AMERICA IS GRATEFUL TO WALMART, retail partners continue to make up the largest OUR NETWORK’S LARGEST RETAIL PARTNER. source of meals we help provide. As sustainability TOGETHER WE HAVE BUILT A HIGHLY EFFICIENT efforts within the grocery industry focus on PROGRAM THAT PROVIDES MILLIONS OF MEALS waste reduction, retailers continue to look for opportunities to donate useable product rather TO FAMILIES FACING HUNGER. than allow it to go unused. Perishable foods like low-fat dairy, lean meats and fresh produce provide good wholesome choices to people in need. To provide more of these foods, food banks work with retail partners to enhance their donation models to collect, store and distribute perishables safely and quickly. 2014 ANNUAL REPORT | 5 MANUFACTURING DONATIONS Manufacturers continue to become more efficient, thereby reducing waste—and the amount of food available for donation. Yet in 2014, Feeding America increased the amount of food secured from manufacturers by working with partners to uncover new sources for donations. This demonstrates a high commitment across the industry to help feed people, while keeping good, safe food out of landfills. FEDERAL COMMODITIES Feeding America is the largest USDA distribution partner for the nation’s federal Emergency Food PURCHASED FOOD Assistance Program (TEFAP) and the Commodity As a network, we leverage collective purchasing Supplemental Food Program (CSFP). The Feeding power to lower costs for items like individually America nationwide network of food banks distributes packaged foods that meet specific child or senior 85 percent of all TEFAP and 40 percent of all CSFP program requirements and high demand foods commodities through food pantries and meal such as peanut butter and canned fruit. These programs to eligible people in need. foods fill important gaps in supply to help provide more balanced meals. FRESH PRODUCE Purchasing is our most expensive food source Fresh fruits and vegetables are an essential and the last option when sourcing food. This year, component to every diet. This year, the Feeding Feeding America is proud to have reduced the America network hit a milestone by sourcing more amount of food purchased while increasing meals than 1 billion pounds of fresh produce across all provided through the network overall.
Recommended publications
  • Completed Acquisition by Co-Operative Foodstores Limited of Eight My Local Grocery Stores from ML Convenience Limited and MLCG Limited
    Completed acquisition by Co-operative Foodstores Limited of eight My Local grocery stores from ML Convenience Limited and MLCG Limited Decision on relevant merger situation and substantial lessening of competition ME/6625/16 The CMA’s decision on reference under section 22(1) of the Enterprise Act 2002 given on 19 October 2016. Full text of the decision published on 10 November 2016. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. CONTENTS Page SUMMARY ................................................................................................................. 2 ASSESSMENT ........................................................................................................... 3 Parties ................................................................................................................... 3 Transaction ........................................................................................................... 4 Jurisdiction ............................................................................................................ 4 Counterfactual....................................................................................................... 5 Frame of reference ............................................................................................... 7 Competitive assessment ..................................................................................... 11 Third party views ................................................................................................
    [Show full text]
  • Export Marketing Consultancy Project BA (Hons) International Business
    Leeds Beckett University/BI Norwegian Business School Export Marketing Consultancy Project BA (Hons) International Business Tutor: Gareth Williams Authors: Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Maiken Salmelid Sondre Larsson Richard Lindin Victoria Ekeli Date: 07th of May 2015 Plagiarism declaration “We certify with the signatures that this is our own work. Material from other sources has been properly acknowledge and referenced. The work has not, in whole or in part, been presented elsewhere for assessment. If this statement is untrue we acknowledge that we have committed an assessment offence. We also certify that we have taken a copy of this assignment, to make available upon request, which we will retain after the board of examiners has published results.” Researchers Kristina Linnea Johansson Brunvall Ole Johannes Gill Lunde Richard Lindin Victoria Ekeli: Maiken Salmelid Sondre Larsson 2015-Consultancy report 2 Introduction This report is a comprehensive study for the module Export Marketing at Leeds Beckett University. Through cooperation with the Norwegian grocery store company KIWI Mini Pris AS, the report will present the findings of a thorough market analysis of the UK grocery store market. It will include secondary findings through data collection and will be supported by primary research that the researchers have collected and analysed. Secondary data will be elements on what is currently happening in the market. Elements evaluated are current and future trends, customer needs and behaviour, external macro/micro environmental factors, competitors operating in the market and entry mode possibilities. Primary data methods include in-store and online observation, 3 expert interviews as well as semi-structured interviews conducted in the streets of Leeds to base findings found with customer’s opinions.
    [Show full text]
  • May 4Th 2020 Written Evidence Submitted by Money Mail (COV0131)
    May 4th 2020 Written evidence submitted by Money Mail (COV0131) Dear Sir/Madam, The Daily Mail’s personal finance section Money Mail has compiled a dossier of readers’ letters that we hope you will find useful to your inquiry into food supply in the Covid-19 pandemic. We first published a story on Wednesday, April 22, detailing the problems some classed as ‘clinically vulnerable’ were having securing a supermarket delivery in the lockdown. We then received hundreds of emails and letters from readers sharing their experiences. This was one of the biggest responses we have received to a story in recent memory. Money Mail then ran another story the following Wednesday (April 29th) sharing more reader stories and calling on supermarkets to do more to help. In this story, we told readers that their letters (with personal details removed) would be sent to the Efra inquiry. The pages that follow, we have included more 300 of the letters and emails we received in response to our coverage of the issue. Regards, The Money Mail team, Daily Mail 1. My husband and I are having to shield but unfortunately like most other people in similar circumstances, do not meet the very limited criteria set out by the Government for assistance with Food Deliveries. One has to ask why do so many able bodied people clap and cheer for the NHS Staff from their door steps on a Thursday evening yet a great many of them go online to do their Grocery Shopping booking a Home Delivery Slot? Do they not have the sense to see their selfishness and irresponsibility means that
    [Show full text]
  • Audit Technique Guide – Fundraising Activities
    Audit Technique Guide – Fundraising Activities Introduction This guide addresses examining tax exempt organization fundraising and provides: Background information Audit guidelines Audit techniques Audit procedures This guide is not all-inclusive and doesn’t intend to limit agents to identifying issues or using techniques not listed in this guide. For information on fundraising issues involving political organizations, see the Audit Technique Guide for Political Organizations. For information on fundraising issues involving gaming activities, see the Audit Technique Guide for Organizations Conducting Gaming Activities. This manual is organized into five sections: Background information Activities (professional fundraisers, fundraising events, internet fundraising) Records (solicitations, disclosures, cash contributions, non-cash contributions) Reporting (Form 990-EZ, Form 990: Core Return, Schedule G, Schedule M, Form 990-PF, Form 990-T) Audit procedures (pre-audit, field/OCEP, penalty considerations, case closing) Background Most, if not all, tax exempt organizations need money. Many exempt purposes can only be achieved via the application of money. Thus, large numbers of organizations devote significant resources to acquiring money. These organizations use various methods to obtain funds, ranging from selling a product or service, conducting a fundraising event, to just asking for money. Traditional methods of obtaining funds include soliciting donors via the mail, phone calls, newspapers, radio, television, and now via the Internet. Organizations have become creative over the years, conducting activities and events, such as the sales of foodstuffs, car washes, raffles, casino nights, auctions, and pledge drives, evolving towards more sophisticated ways to fundraise, such as targeting solicitations, using patronage levels, crowd-funding, and tax planning, such as conservation easements, lending arrangements, and charitable gift annuities.
    [Show full text]
  • Volunteering Policy
    My Volunteering Policy The purpose of this policy is to outline the opportunities and procedures for Thomson Reuters employees to engage in community volunteering activities. By allowing all regular employees time off to volunteer, Thomson Reuters can continue to invest in its local communities, and have a meaningful impact on the world around us one community at a time. Thomson Reuters encourages employees from across the business to take part in volunteering activities with recognized charities and community organizations including accredited schools. To enable this we offer all regular full-time and part-time employees* time off with pay for at least 2 days or 16 hours per calendar year (pro-rated for part-time staff). *Part-time employees are eligible if their regularly scheduled hours are 20 or more per week. Multiply the number of hours worked in a day by two; the result is the annual number of hours eligible for paid time off to volunteer (4 hours a day x 2 = 8 hours a year). GUIDELINES FOR VOLUNTEERING Volunteering during working hours is at your manager’s discretion and subject to the needs of the business. You should obtain your manager’s approval to use paid time off to volunteer and then log your paid volunteer hours into My Community. For full details of how to apply for volunteering, read our My Volunteer FAQ in My Community. RECOGNIZED CHARITIES AND COMMUNITY ORGANIZATIONS Through this policy and our programs we support organizations that are registered as a charity not-for-profit or tax exempt organizations and accredited schools.
    [Show full text]
  • Eight Mechanisms That Drive Charitable Giving René Bekkers
    Eight Mechanisms That Drive Charitable Giving* René Bekkers and Pamala Wiepking An overwhelming body of knowledge is available on philanthropy in the social sciences. Research on philanthropy appears in journals from very different disciplines. We present an overview of research on determinants of charitable giving from all disciplines. Why Do People Give? Experiments in economics, sociology, social psychology, biology, and marketing have shown how situations can be created that encourage giving. The situations in these experiments are created by researchers, which allows for causal inferences about determinants of giving. From these experiments, conclusions can be drawn about why people give. We reviewed this literature and identify eight mechanisms as the key mechanisms that have been studied as determinants of philanthropy. They are (a) awareness of need; (b) solicitation; (c) costs and benefits; (d) altruism; (e) reputation; (f) psychological benefits; (g) values; (h) efficacy. Below we present the eight mechanisms that drive giving. The order in which the eight mechanisms are presented does not reflect the importance or causal strength of the mechanisms. Rather, the order corresponds to the chronological order in which they affect giving in the typical act of donation. For each mechanism, we present the main effect. In many cases, these main effects can be moderated (or sometimes mediated) by other factors. Moderating factors are factors that weaken or strengthen the effect of the mechanism: conditions or personal characteristics that interact with the main effect. Mechanism 1: Awareness of Need Awareness of need is a first prerequisite for philanthropy. People have to become aware of a need for support.
    [Show full text]
  • Wm Morrisons Plc
    WM MORRISONS PLC Recommendation: BUY Date: 25/04/2018 Market Capitalization £5.53 Billion Equity Value £6.49 Billion Potential 17.3% (Upside) Authors’ Contact Details: Cormac Keane Kashish Verma [email protected] [email protected] Yale School of Management UCD Smurfit *Read the disclaimer at the end of this report* 01 HIGHLIGHTS • Morrisons’ divestment of their unprofitable convenience business has allowed them to turn to a strategy of capital light rebuilding of their core business. • Convenience business sold has since gone into administration. • Morrisons have successfully turned their business around after losses in 2014 and 2015 realizing increased like for like sales increases for the past two years. This growth is mainly due to their renovations of their core supermarket portfolio. • Underlying profit before tax: GBP 337 million (Up by 11.6%) • Control of the entire supply chain by vertical integration, • Very strong balance-sheet and cash flow with largely freehold estate and a low level of debt, • One of the lowest imported items ratios in the industry brings a strong position amidst weakening pound levels and BREXIT uncertainties, • Increase in their wholesale business by deals with Amazon and Ocado will increase their revenues further. • Discount stores remain a dominant force in the UK increasing their market share by roughly 5% y-o-y. This impact will result in Morrisons market share dropping from 10.53% at present to 10.19% by 2023, By Kashish Verma & Cormac Keane 02 TIMELINE •Egg and butter merchant William Morrison begins his business, set to become the 1899 company we know today.
    [Show full text]
  • List of Qualifying Charitable Organizations for 2019
    LIST OF QUALIFYING CHARITABLE ORGANIZATIONS FOR 2019 ―Qualifying organizations for cash donations made between January 1, 2019 and December 31, 2019― QCO Code Name of Organization Address URL* Phone # 20266 1st Way Pregnancy Center PO Box 5294, Phoenix, AZ 85016 URL (602) 261-7522 20135 4Freedom, Inc. dba Sold No More PO Box 68888, Oro Valley, AZ 85737 URL (520) 917-6528 20075 A New Leaf, Inc. 868 E University Drive, Mesa, AZ 85203 URL (480) 969-4024 20920 Abaka Developmental Preschool & Childcare Foundation 6620 W Shaw Butte Drive, Glendale, AZ 85304 URL (602) 677-2968 20732 Abide Maternity Home 499 2nd Street, Camp Verde, AZ 86322 URL (928) 202-9402 20090 Ability360 5025 E Washington Street, Suite 200, Phoenix, AZ 85034 URL (602) 256-2245 21983 Abounding Service 4573 W Dublin Street, Chandler, AZ 85226 URL (480) 229-8842 20643 About Care PO Box 3278, Tempe, AZ 85244 URL (480) 802-2331 20317 ACCEL - Arizona Centers for Comprehensive Education and Life Skills 10251 N 35th Avenue, Phoenix, AZ 85051 URL (602) 995-7366 22017 AccessMed Foundation (formerly Medicare Planning Solutions) 6930 E Chauncey Lane, Ste. 200, Phoenix, AZ 85054 URL (602) 375-2414 20795 ACHIEVE Human Services, Inc. 3250-A East 40th Street, Yuma, AZ 85365 URL (928) 341-0335 20475 Addicted Nation Solutions (formerly Women in New Recovery) 860 N Center Street, Mesa, AZ 85201 URL (480) 464-5764 22056 Addiction Haven 1164 W Macaw Drive, Chandler, AZ 85286 URL (480) 277-3408 20050 Adelante Healthcare 9520 W Palm Lane, Suite 200, Phoenix, AZ 85037 URL (623) 583-3001 20249 Administration of Resources and Choices 3003 S Country Club Road, Suite 219, Tucson, AZ 85713 URL (520) 623-9383 21023 Adopt a Vet Inc.
    [Show full text]
  • Section 501 on the Ground That All of Its Profits Are Payable to One Or More Organizations Exempt from Taxation Under Section 501
    F. IRC 502 - FEEDER ORGANIZATIONS 1. Introduction An organization described in IRC 502 does not qualify for exemption under any paragraph of IRC 501(c). The purpose of this article is to discuss some of the basic issues presented by IRC 502, to explain how it should be interpreted and applied, and to consider the amount of unrelated business activity that an exempt charitable organization may engage in. IRC 502 provides that an organization operated for the primary purpose of carrying on a trade or business for profit shall not be exempt under IRC 501 on the ground that all of its profits are payable to one or more organizations exempt under IRC 501. 2. Purpose of Feeder Provisions A brief consideration of the reasons for the enactment of IRC 502 provides some insight as to how it should be interpreted. There was growing concern, particularly after World War II, about the increasing amount of business activities carried on by exempt organizations, particularly, charitable organizations. In a series of cases involving taxable years prior to 1951, certain organizations popularly called "feeder organizations" were held exempt from federal income tax under the predecessor to IRC 501(c)(3), even though their sole activity was engaging in commercial business, and the only basis for exemption was the fact their profits were payable to specified exempt organizations. See Roche's Beach, Inc. v. Commissioner, 96 F. 2d 776 (1938); C. F. Mueller Company v. Commissioner, 190 F. 2d 120 (1951). The courts held that the exclusive purpose required by the statute was met when the only object of the organization was religious, scientific, charitable, or educational, without regard to the method of obtaining funds necessary to effectuate the objective.
    [Show full text]
  • Piton Wealth Raises Over $5,000 at Benefit Concert with Singer-Songwriter James Lanman ______
    PITON WEALTH RAISES OVER $5,000 AT BENEFIT CONCERT WITH SINGER-SONGWRITER JAMES LANMAN _____________________________________________________________________ 16 July 2019 (KENNEWICK, WA) For two decades Michelle Clary and her team have operated in wealth management in the Tri-Cities, first as an affiliate practice of Fortune 500 company Thrivent Financial and as of 2018, the CEO and founder of Piton Wealth. It isn’t difficult to see how Clary and her team have consistently ranked in the upper 1% of Thrivent practices in client satisfaction. Taking an active role in the local community and bringing people together for a good cause seems to be second nature for a company that revolves so heavily around encouraging clients to thrive both personally and professionally. In 2017, Michelle and her husband Andy opened their home to singer-songwriter James Lanman who was on a living room concert tour across the US and Canada, where he performed for a mix of their clients and friends. The following year, Michelle had the idea to leverage the draw of live music, food from local eatery, Porter’s Real BBQ, and their expansive network by turning it into a fundraiser. Teaming up with Lanman to sell tickets to his performance at their home, Piton Wealth then matches all ticket sales from the concert to raise money for the Tri-County Habitat for Humanity branch, where Andy also serves on the board. They also have a tradition of a side contest where guests bring their A-game side dishes and judges select the top 3 winners. Now in its third year, what has affectionately become known as “Kennewoodstock” between Lanman and Clary, has become quite the event.
    [Show full text]
  • 1 Understanding the Critical Section
    Understanding the Critical Section 509(a) Classification for Auxiliary Organizations Each auxiliary organization should have an IRS tax-exemption determination letter that the entity is an IRC §501(c)(3) – as a charitable organization -- and classifying it into one of the three (3) “public charity” subsets under Section §509(a).1 The §509(a) subset is where the Internal Revenue Code defines a “private foundation” by listing entities that are not private foundations. Under §509(a), an organization is presumed to be a private foundation unless it can prove that it is a public charity based upon its activities. The §509(a) subset classification typically is set when the organization applies for tax-exempt status. But reclassifications can occur with the filing of a change on the IRS Form 990, or as a result a perceived change in the role/function of the organization. Each §509(a) subset involves certain qualification “tests” and the subsets are not necessarily mutually exclusive – that is an organization might fit within any one of the three subsets. Section 509(a)(1) “publicly supported organizations” are the most common “public charities.” They typically include educational organizations, churches, hospitals, and public institutions, or organizations for the benefit of colleges and universities. The qualifying test for a 509(a)(1) organization is that it must receive a substantial part (receive at least one-third) of its support from a governmental unit or from the general public, and be organized and operated exclusively to receive, hold, invest, and administer property and make expenditures to or for the benefit of a governmental unit.
    [Show full text]
  • Food and Beverage Industry Update November 2013
    Food and Beverage Industry Update November 2013 Member FINRA/SIPC www.harriswilliams.com Food and Beverage Industry Update November 2013 What We’re Seeing CONTENTS Food & Beverage in the Marketplace INDUSTRY VITAL SIGNS After an active finish to 2012 and a slow start to 2013, HW&Co. has seen pitch activity increase EQUITY MARKET OVERVIEW substantially across the food & beverage sector in the back half of 2013. Both strategic and private equity M&A MARKET OVERVIEW buyers continue to covet high quality food & beverage assets, and we expect that M&A activity at the beginning of 2014 with be at a “normal” level. The combination of strong financing markets, growth DEBT MARKET OVERVIEW oriented strategic buyers, and private equity fund expirations is fueling the strengthening market for food NOTABLE M&A ACTIVITY & beverage transactions. PUBLIC COMPARABLES What We’ve Been Doing EARNINGS CALENDAR Closed HW&Co. Transactions GROUP OVERVIEW Harris Williams & Co. is a leading advisor to the food and beverage a portfolio company of a portfolio company of a portfolio company of market. Our significant experience has divested a portfolio company of selected assets to covers a broad range of end has been acquired by has been acquired by has been acquired by markets, industries, and business has been acquired by and has been acquired by models. This particular report and focuses on trends and metrics in the following areas: • Agribusiness • Baked and Prepared Goods a portfolio company of • Beverages a portfolio company of a portfolio company of a portfolio
    [Show full text]