PEPSICO CHICAGO EMPLOYEES GIFT OVER $1 MILLION TO NONPROFITS DURING OCTOBER; COMPANY ANNOUNCES NEW GRANTS TO SUPPORT CHICAGOANS

Rhea-AI Summary

PepsiCo (PEP) Employees in Chicago Volunteer Nearly 1,400 Hours and Donate Over $1.2 Million to Local Nonprofits, Announces $5 Million Investment in Career Resources for Chicago's South and West Sides

Positive

• Employees volunteered nearly 1,400 hours alongside peers and neighbors
• Donated $1,225,008 toward nonprofits matched by the PepsiCo Foundation 2:1
• Announcement of 11 new grants totaling nearly $90,000 to support vital work by community organizations
• Investing $5 million to increase access to career resources for young people in Chicago's South and West Sides

Negative

• None.

The Efforts Expands Local Partnerships in Community Development, Education, Healthcare and Workforce Development

CHICAGO, Dec. 6, 2023 /PRNewswire/ -- Employees in PepsiCo's downtown Chicago office at the Old Post Office showed that their commitment to giving back goes well beyond the holiday season. During October, they volunteered nearly 1,400 hours alongside peers and neighbors as part of "PepsiCo Gives Back," the company's global annual giving and service campaign. Chicago-based employees who are part of local PepsiCo Beverages North America, Quaker Oats, Frito-Lay North America, Gatorade Performance and other teams also donated $1,225,008 toward nonprofits—gifts that were matched by the PepsiCo Foundation 2:1.

A recent day of giving back included nearly 100 PepsiCo Chicago employees packing 2,000 backpacks filled with 8,000 nutritious, shelf-stable 'Food for Good' meals, reached neighbors and students through Ladies of Virtue, Chicago Jesuit Academy, Casa Central, Breakthrough Urban Ministries and Howard Brown Health.

"PepsiCo Chicago employees lean in to support local nonprofits like no other team—all year round," said Tameka McBride, Senior Vice President Commercial, Central Division, PepsiCo Beverages North America. "Together for the last few years we've been working with South and West Side-based community organizations to increase access to career resources and are proud to announce 11 new grants totaling nearly $90,000 to support vital work being led by changemakers like GoodKidsMadCity. The holiday season is in full swing while giving season is an important fundraising period, PepsiCo uses its financial, commercial and human assets to be an impactful community partner year-round--helping create opportunities for others and our local business."

PepsiCo and the PepsiCo Foundation's most recent grant recipients include:

• Community Development
  • Operation Warm
  • TGi Movement
  • IMAN
• Education
  • Casa Central
• Healthcare
  • Esperanza Health Centers
• Workforce Development
  • Breakthrough Urban Ministries
  • Central States SER
  • Chicago Veterans
  • GoodKidsMadCity-Englewood
  • PODER
  • HACE

Through PREP (Pathways to Readiness and Empowerment Program), PepsiCo is investing $5 million to increase access to career resources for young people in Chicago's South and West Sides. To learn more, visit pepsistrongertogether.com/communities/chicago.

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.

Jessica Ortiz
Rise Strategy Group
C: (312) 550-0102
E: jessica@risestrategygroup.com

 

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SOURCE PepsiCo, Inc.

FAQ

How many hours did PepsiCo employees volunteer in Chicago?

PepsiCo employees in Chicago volunteered nearly 1,400 hours.

How much money did PepsiCo employees donate to nonprofits?

PepsiCo employees donated $1,225,008 to nonprofits, which was matched by the PepsiCo Foundation 2:1.

What is the total investment by PepsiCo for increasing access to career resources in Chicago's South and West Sides?

PepsiCo is investing $5 million to increase access to career resources for young people in Chicago's South and West Sides.

What organizations received grants from PepsiCo and the PepsiCo Foundation?

The most recent grant recipients include Operation Warm, TGi Movement, IMAN, Casa Central, Esperanza Health Centers, Breakthrough Urban Ministries, Central States SER, Chicago Veterans, GoodKidsMadCity-Englewood, PODER, and HACE.