Ameriprise Financial Hosts Nationwide Volunteer Events in Partnership with Feeding America® to Help People Facing Hunger

Rhea-AI Summary

Ameriprise Financial announced a donation of $2 million in grants to support communities in need, through its National Days of Service initiative. Employees, advisors, and clients will volunteer to combat hunger, addressing the needs of 38 million Americans, including 12 million children. The funding will be distributed to 105 nonprofits, with a notable $250,000 dedicated to Feeding America. Challenges including rising food costs and volunteer shortages further highlight the urgency of this support.

Positive

• Donation of $2 million to 105 nonprofits supports community and hunger relief efforts.
• Renewed commitment of $250,000 to Feeding America demonstrates sustained corporate support.
• Collaborative volunteer efforts engage employees, advisors, and clients to address food insecurity.

Negative

• Rising food costs and inflation are increasing demand on food banks, complicating relief efforts.

The company also donated 105 grants totaling $2 million to support communities in need

MINNEAPOLIS--(BUSINESS WIRE)-- Ameriprise Financial, in partnership with Feeding America^®, is bringing together its employees, advisors and clients to make a collective impact in the fight against hunger. As part of the company’s twice-annual National Days of Service, Ameriprise employees, advisors and clients will stock shelves, sort food and host virtual food drives to support the 38 million people in America, including 12 million children, struggling with hunger. A mix of in-person and virtual volunteer events will help the company engage more volunteers at a time when the rising price of groceries and other essentials is putting increased demand on foodbanks and the people they serve.

“Hunger has been a serious issue in our country for decades, and now the need is even more urgent as inflation pushes food costs to new levels,” said Brian Pietsch, head of community relations at Ameriprise. “At the same time, our nonprofit partners are facing an immense amount of pressure as supply chain issues are making it harder to source, store and transport food to people in need. Volunteer shortages and the rising cost of labor stemming from the pandemic have made matters worse. Our Ameriprise employees, advisors and clients are eager to help fill these needs and work together to make a collective impact.”

“The simultaneous impact of rising food costs and demand has created serious challenges for the Feeding America network of food banks,” said Lauren Biedron, vice president of corporate partnerships at Feeding America. “We are grateful to organizations like Ameriprise that have long supported hunger relief and will help us meet the challenges of today and tomorrow.”

Ameriprise Gives Nearly $2 Million in Grants to Nonprofits

In conjunction with its National Days of Service, Ameriprise announced nearly $2 million in grants to 105 nonprofits across the country*, which includes a renewed $250,000 commitment to Feeding America. The company awards grants twice annually to nonprofits focused on providing essentials to families, creating vibrant communities and engaging Ameriprise volunteers.

Recent grant recipients include:

American Corporate Partners, which helps returning veterans and active-duty spouses across the country find their next careers through one-on-one mentoring, networking and online advice. As veterans transition out of the military, many need career guidance ranging from creating a resume to building a civilian network. Since 2008, the nationwide organization has assisted more than 23,000 returning veterans.

Homeward NYC, which provides transitional housing for homeless mothers and their children, non-time limited affordable housing for LGBTQ young adults and long-term affordable housing for low-income and homeless seniors. Serving residents of all five New York City boroughs, each location offers support services including case management, counseling, referrals, and life-skills education programs.

Every Meal, which works to eliminate child hunger with community and school partnerships in Minnesota and Wisconsin. The organization’s Weekend Food Program provides 10,000 students with nutritious, culturally appropriate food on Fridays, filling the sustenance gap for children unable to receive free or reduced-price meals on non-school days.

The Shakespeare Theatre Company, which creates, preserves, and promotes classic theatre with universal themes for all audiences. The organization continues its long tradition of quality programming in the Washington, D.C. area with this fall’s production of The Notebooks of Leonardo da Vinci, made possible with support from Ameriprise.

*Total number of grants includes $95,000 in reinvestment from Ameriprise Bank.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With a network of approximately 10,000 financial advisors and extensive asset management, advisory and insurance capabilities, we have the strength and expertise to serve the full range of consumer financial needs. For more information, visit ameriprise.com.

About Ameriprise Financial Community Relations

Ameriprise Financial is dedicated to utilizing the firm’s resources and talents to improve the lives of individuals and build strong communities. Through grants, volunteerism and employee and advisor gift matching programs, the company supports a diverse group of over 7,500 nonprofits across the country. The company also has a longstanding commitment to volunteerism. Each year, the firm’s employees are eligible for the eight hours of paid time off to volunteer. In 2021, the firm’s employees and advisors collectively spent nearly 50,000 hours volunteering in communities across the country.

About Feeding America

Feeding America® is the largest hunger-relief organization in the United States. Through a network of more than 200 food banks, 21 statewide food bank associations, and over 60,000 partner agencies, food pantries and meal programs, we helped provide 6.6 billion meals to tens of millions of people in need last year. Feeding America also supports programs that prevent food waste and improve food security among the people we serve; brings attention to the social and systemic barriers that contribute to food insecurity in our nation; and advocates for legislation that protects people from going hungry. Visit www.feedingamerica.org, find us on Facebook or follow us on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220602005651/en/

Alison Mueller, Media Relations

612-678-7183

Alison.g.mueller@ampf.com

Source: Ameriprise Financial

FAQ

What is Ameriprise Financial's recent grant initiative for communities?

Ameriprise Financial has announced $2 million in grants to 105 nonprofits to support community needs.

How much is Ameriprise donating to Feeding America?

Ameriprise is committing $250,000 to Feeding America as part of its grant initiative.

How many people in America struggle with hunger according to Ameriprise's report?

According to Ameriprise, 38 million people in America, including 12 million children, are struggling with hunger.

When does Ameriprise conduct its National Days of Service?

Ameriprise conducts its National Days of Service twice a year to engage employees, advisors, and clients in community support.

What challenges are food banks facing according to Ameriprise?

Food banks are facing challenges like rising food costs and volunteer shortages, exacerbated by inflation.