STOCK TITAN

Tyson Foods Commits $2.5 Million to Fight Hunger by Partnering with Feeding America® Member Food Banks

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Company Also Commits to Donating Protein for 10 Million Meals* During Hunger Action Month®

SPRINGDALE, Ark., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Tyson Foods announced today its commitment of $2.5 million to address food insecurity by partnering with Feeding America® member food banks to provide greater access to protein in communities facing hunger. This September, during Hunger Action Month®, Tyson is also donating 2.5 million pounds of protein, the equivalent of 10 million meals, to alleviate hunger.

Tyson Foods will allocate $1 million of its donation to support Equitable Food Access grants, which aim to improve access to nutritious food among people experiencing the highest rates of food insecurity, with a focus on communities of color and/or people living in rural communities.

The remainder of Tyson’s $2.5 million donation will go towards Feeding America and member food banks’ efforts to expand capacity to repack bulk or private label protein products into family size quantities, thus increasing the types of protein that can easily be donated and distributed.

"While hunger exists in every county across the country, it impacts each community in vastly different ways, requiring thoughtful and strategic solutions,” said Erika Thiem, Chief Supply Chain Officer, Feeding America. "One in eight people, including one in six children, in America are food insecure. As food banks continue to face increasing demand, we're thankful for partners like Tyson, whose ongoing food and fund donations are supporting our network’s efforts to increase access to protein, a high-need item, and ensure equitable access to food for communities facing hunger,”

“Tyson has been a long-time partner of Feeding America, as their mission to improve access to nutritious food for all, is aligned with our mission to Feed the World. This partnership with Feeding America to expand capacity and help rural communities and communities of color is the next step in our evolving strategic partnership,” said Tim Grailer, senior director, Tyson Foods. “With inflation putting pressures on the charitable food system, both increasing their costs and the need for their services, there has never been a more important time to support these efforts.’

Since 2006, Tyson Foods has donated almost $3.5 million to Feeding America and $223 million of protein to local member food banks.
*Tyson estimates that 4 ounces of protein equates to one meal.

About Tyson Foods, Inc. 

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the Company had approximately 137,000 team members on October 2, 2021. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.

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.

Media Contact: 
Kelly Hellbusch, 281-799-9784, kelly.hellbusch@tyson.com


Tyson Foods, Inc.

NYSE:TSN

TSN Rankings

TSN Latest News

TSN Stock Data

20.57B
278.44M
2.55%
85.61%
1.51%
Farm Products
Poultry Slaughtering and Processing
Link
United States of America
SPRINGDALE