Albertsons Companies Foundation Celebrates a Decade of Fighting Hunger and $297 Million Raised with Nourishing Neighbors Program

Rhea-AI Summary

Albertsons Companies Foundation is celebrating a decade of its Nourishing Neighbors program, having raised $297 million to fight hunger. In honor of this milestone, the Foundation has announced another $7 million donation from its private label brand, O Organics. This donation will provide 28 million meals for at-risk youth during the summer and after school hours. Additionally, the Nourishing Neighbors program will award $30,000 in grants through a social media contest in June. The program, which started in 2014, has partnered with 1,400 nonprofits and donated over one billion meals to combat food insecurity in the United States.

Positive

• Albertsons has raised $297 million for its Nourishing Neighbors program over the past decade.
• O Organics donated $7 million, equating to 28 million meals for at-risk youth.
• The Nourishing Neighbors program will award an additional $30,000 in grants through a social media contest.
• The program has partnered with 1,400 nonprofits to combat food insecurity.
• Over one billion meals have been donated through the program.
• Customer donations at Albertsons stores contributed more than $5 million in May.

Negative

• The company relies heavily on customer donations, which may fluctuate and affect program funding.
• While $7 million is significant, the need may still outpace available resources.

Private label brand O Organics® donates $7 million to Nourishing Neighbors for second year

BOISE, Idaho--(BUSINESS WIRE)-- This month, Albertsons Companies, Inc. (NYSE: ACI), along with the Albertsons Companies Foundation, celebrates 10 years and $297 million raised for its Nourishing Neighbors charitable program dedicated to fighting hunger. In celebration of this achievement, the Foundation is announcing today, Nourishing Neighbors Day, that the company’s private label brand, O Organics, is donating $7 million, and the equivalent of 28 million meals, for the second year in a row to the program. This donation will fund grants dedicated to providing healthy meals for at-risk youth throughout the summer and after school hours, and the Nourishing Neighbors program will award an additional $30,000 in grants, $1,000 a day throughout June, to nonprofits in a social media contest.

Albertsons Companies Foundation celebrates 10 years and $297 million raised for its Nourishing Neighbors charitable program dedicated to fighting hunger. (Photo: Business Wire)

“In the last ten 10 years, Nourishing Neighbors has played a pivotal role in tackling the challenge of food insecurity, a complex issue affecting more than 13.5 million* American households,” said Jennifer Saenz, EVP of Pharmacy and E-Commerce for Albertsons Cos. and Board Chair for Albertsons Companies Foundation. “Our commitment as a company has never wavered, and thanks to the incredible generosity of our customers, we’ve donated over one billion meals** and partnered with 1,400 nonprofits to end hunger in our local communities. I look forward to the impact we will have over the next 10 years.”

O Organics Donates $7 Million to Nourishing Neighbors, Announces Social Media Contest

During this celebratory month, Albertsons Cos.’ private label brand O Organics donated $7 million, and the equivalent of 28 million meals, to the Nourishing Neighbors program as part of the brand’s Fight Hunger, Serve Hope initiative to combat hunger during the summer months and after school hours when school-aged children face higher rates of food insecurity. The $7 million donation will fund grants to enhance school breakfasts, provide weekend breakfast food, backpack programs with food to take home, summer breakfast meals and many other breakfast-related programs. This follows a 2023 donation of $7 million to fund similar grants for at-risk youth.

Now through June 30, grant recipients are encouraged to share their stories on any social media channel tagging #NourishingNeighbors, @OOrganics, and their local Albertsons Cos. banner store celebrating the O Organics grant and showing how their organization is using the funds. The Nourishing Neighbors program will award an additional $30,000 in grants, $1,000 a day throughout June, to nonprofits with the most compelling social media posts.

“In this landmark year for Nourishing Neighbors, we are so thankful for each one of our loyal customers who have donated at the register across every Albertsons Cos. store,” said Christy Duncan Anderson, President and Executive Director of the Albertsons Companies Foundation. “These donations have funded grants and innovative programs over 10 years to raise awareness and support for Americans who continually struggle with where their next meal is coming from. Together, we’re sowing seeds of hope and nourishment, one story, one donation and one meal at a time.”

Nourishing Neighbors Program

Nourishing Neighbors is a charitable program of Albertsons Companies Foundation and seeks to ensure at-risk children, adults, seniors and families have access to the food they need to thrive.

During the month of May, Nourishing Neighbors raised more than $5 million through customer donations made at the register across every Albertsons Cos. store. Since the program’s inception in 2014, Nourishing Neighbors (formerly Hunger Is) has raised more than $297 million for thousands of nonprofit organizations that are on the front lines of combatting hunger in America.

For more information on Albertsons Companies Foundation and Nourishing Neighbors, click here. To download related video assets and images, please click here.

*USDA Household Food Security in the United States in 2021
**Feeding America Cost of a Meal

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of February 24, 2024, the Company operated 2,269 retail stores with 1,725 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under more than 20 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2023, along with the Albertsons Companies Foundation, the Company contributed more than $350 million in food and financial support, including more than $35 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606877891/en/

media@albertsons.com

Source: Albertsons Companies, Inc.

FAQ

What is the total amount raised by Albertsons Companies Foundation for the Nourishing Neighbors program?

Albertsons Companies Foundation has raised $297 million for the Nourishing Neighbors program over the past decade.

How much has O Organics donated to the Nourishing Neighbors program in 2023?

O Organics donated $7 million to the Nourishing Neighbors program in 2023.

How many meals will O Organics' donation provide through the Nourishing Neighbors program?

O Organics' $7 million donation will provide 28 million meals for at-risk youth.

What is the purpose of the $30,000 in grants awarded by the Nourishing Neighbors program?

The $30,000 in grants will be awarded through a social media contest to nonprofits with compelling posts about how they use the funds.

How many nonprofits has the Nourishing Neighbors program partnered with?

The Nourishing Neighbors program has partnered with 1,400 nonprofits.

How much did customer donations contribute to the Nourishing Neighbors program in May?

Customer donations at Albertsons stores contributed more than $5 million to the Nourishing Neighbors program in May.