FAT Brands Foundation President, Jessica Wiederhorn Named Non-Profit Executive of the Year by Los Angeles Business Journal

Rhea-AI Summary

FAT Brands President, Jessica Wiederhorn, was honored as Non-Profit Executive of the Year (Emerging) by the Los Angeles Business Journal at the Non-Profit and Corporate Citizenship Awards. The FAT Brands Foundation, founded in 2022 and led by Wiederhorn, was also nominated for Non-Profit of the Year. In its first year, the foundation granted over $250,000 to 43 non-profits in FAT Brands’ communities. For 2024, Wiederhorn successfully increased fundraising by approximately 37%, enhancing the foundation's capacity to support local causes. FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide.

Positive

• FAT Brands Foundation President Jessica Wiederhorn named Non-Profit Executive of the Year, increasing brand reputation.
• Foundation granted over $250,000 to 43 non-profits in 2023, demonstrating strong community involvement.
• Fundraising efforts increased by approximately 37% for 2024, indicating potential for higher financial contributions.
• Recognition and awards from the Los Angeles Business Journal boost credibility and public perception.

Negative

• The press release did not mention any specific financial gains or profitability improvements directly tied to the foundation's activities, which could concern investors looking for direct financial benefits.

FAT Brands Foundation Also Received Nomination for Non-Profit of the Year

LOS ANGELES, May 23, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns 18 restaurant brands, is pleased to announce its charitable foundation, the FAT Brands Foundation, was recognized by the Los Angeles Business Journal at the annual Non-Profit and Corporate Citizenship Awards. President and Founding Member of the FAT Brands Foundation, Jessica Wiederhorn, was named as Non-Profit Executive of the Year (Emerging), and the FAT Brands Foundation received a nomination for Non-Profit of the Year.

Since the conception of the foundation in 2022, Wiederhorn has brought together a diverse team of board members and developed the overarching vision of the non-profit: champion local causes that unite and uplift communities across America. In its inaugural year of giving in 2023, the FAT Brands Foundation awarded over $250,000 to 43 deserving non-profits in FAT Brands’ communities. Looking to 2024, Wiederhorn has been key in driving fundraising efforts for the foundation, increasing the funds available to provide to deserving non-profits by approximately 37 percent.

“I am incredibly humbled to receive this prestigious honor from the Los Angeles Business Journal,” said Jessica Wiederhorn, President of FAT Brands Foundation. “I share this accolade with my fellow board members as, without their unwavering commitment to the foundation, we wouldn’t be where we are today. This is also dedicated to the non-profits that we support—they are changing lives every day. Many organizations that we have provided grants to were also recognized by the Los Angeles Business Journal, and we are honored to work with them.”

For more information on the FAT Brands Foundation, please visit www.fatbrands.com/foundation.

For more information on FAT Brands, visit www.fatbrands.com.

About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Smokey Bones, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.

About FAT Brands Foundation

Founded in 2022, the FAT Brands Foundation was created to uplift and unite the communities in which FAT Brands operates. While the company’s 18-brand portfolio is deeply rooted in charitable initiatives both locally and nationally, FAT Brands, as an organization, is seeking to magnify those efforts further. The 501(c)(3) organization is aimed at partnering with local non-profit organizations to provide essential programs to help families and communities thrive.

MEDIA CONTACT:
Erin Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509

FAQ

Who was named Non-Profit Executive of the Year in 2024 by the Los Angeles Business Journal?

Jessica Wiederhorn, President of FAT Brands Foundation, was named Non-Profit Executive of the Year (Emerging) in 2024.

What recognition did the FAT Brands Foundation receive in 2024?

The FAT Brands Foundation was nominated for Non-Profit of the Year by the Los Angeles Business Journal in 2024.

How much did the FAT Brands Foundation grant to non-profits in 2023?

The FAT Brands Foundation granted over $250,000 to 43 non-profits in 2023.

By how much did FAT Brands Foundation increase its fundraising efforts for 2024?

The FAT Brands Foundation increased its fundraising efforts by approximately 37% for 2024.

How many restaurant brands does FAT Brands own?

FAT Brands owns 18 restaurant brands.