BOB EVANS FARMS INCREASES IMPACTFUL GIVING TO COMMUNITIES

Rhea-AI Summary

Bob Evans Farms has released its first annual giving report, underscoring its charitable efforts over the past two years, including a total of $15.8 million in food and monetary donations. Despite COVID-19 challenges, the company increased its monetary giving by 3% from 2021 to 2022. The report highlights a significant increase in food donations, with over $14.4 million provided to food banks, marking a 132% rise from the previous year. Employee contributions totaled 525 hours of community service, demonstrating a strong commitment to philanthropy focused on diversity, equity, and inclusion.

AI-generated analysis. Not financial advice.

Positive

• Total donations of $15.8 million over two years.
• 3% increase in monetary giving from 2021 to 2022.
• Food donations surpassed $14.4 million, a 132% increase from 2021.

Negative

• None.

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First Annual Giving Report Released
Company Donates $15.8 Million in Food and Monetary Giving

NEW ALBANY, Ohio, March 9, 2023 /PRNewswire/ -- Bob Evans Farms, Inc. is pleased to announce the release of its first-ever annual giving report, highlighting its philanthropic activities over the past two years. The report showcases the company's significant work in establishing charitable focus areas and enhancing its presence in the communities it serves.

"At Bob Evans Farms, we believe that giving back to our communities is not only a responsibility but also an honor. That's why, over the past two years, we have been actively giving back through volunteering, board service and strategic corporate giving," said Bob Evans Farms President and CEO, Mark Delahanty. "In total, we donated $15.8 million in food donations and monetary giving, plus our employees donated hundreds of hours in community service."

Despite the challenges posed by the COVID-19 pandemic, the company's monetary giving increased by 3% from 2021 to 2022. The Bob Evans Farms Foundation, managed by The Columbus Foundation, distributed more than $1.4 million in monetary donations to key philanthropic partners over the past two years.

Additionally, the company significantly increased its food donations, donating over $14.4 million in fair market value products to food banks and other food-based nonprofits in this two-year period; including an increase of 132% from 2021 to 2022, providing much-needed help to families adversely affected by the downturn in the economy.

"Our goal is to make our giving more impactful by focusing on organizations that support diversity, equity, and inclusion," said Cassandra Binkley, Bob Evans Farms senior manager of community, engagement & philanthropy. Our philanthropic pillars - Community, Education, Food and Nutrition, Health and Wellness, and Military - each have strategic goals to guide our efforts."

Furthermore, Bob Evans Farms employees volunteered 525 hours to the company's causes over the past two years, further solidifying the company's commitment to giving back.

To learn more about the Bob Evans Farms philanthropic pillars and the impactful work done in the past two years, click here to read the full report on the company's website.

About Bob Evans Farms, Inc.
Bob Evans Farms delivers quick-to-table, farm-inspired food that makes mealtime a little bit easier and a lot more delicious. Founded in 1948 by Bob Evans, the company originated as a sausage business and has since expanded to include wholesome, feel-good favorites such as mashed potatoes and macaroni & cheese products, representing the #1-selling refrigerated dinner sides in the United States. Bob Evans Farms is also a leading producer and distributor in the refrigerated and frozen breakfast categories with a product portfolio spanning the flagship Bob Evans brand, as well as Simply Potatoes, Egg Beaters and Owens Sausage, sold in grocery stores across the country. The company is headquartered in Columbus, Ohio, and is owned by Post Holdings, Inc., a consumer-packaged goods holding company. For more information, visit bobevansgrocery.com.

* SOURCE: IRI Total US MULO Latest 52 W/E 01/29/23.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bob-evans-farms-increases-impactful-giving-to-communities-301768198.html

SOURCE Bob Evans Farms, Inc.

FAQ

What was the total amount donated by Bob Evans Farms in the annual giving report?

Bob Evans Farms donated a total of $15.8 million in food and monetary giving.

How much did Bob Evans increase its monetary giving from 2021 to 2022?

Bob Evans Farms increased its monetary giving by 3% from 2021 to 2022.

What was the increase in food donations reported by Bob Evans Farms?

Food donations increased by 132% from 2021 to 2022, totaling over $14.4 million.

How many volunteer hours did Bob Evans employees contribute?

Bob Evans employees volunteered a total of 525 hours over the past two years.

What philanthropic areas does Bob Evans Farms focus on?

Bob Evans Farms focuses on community, education, food and nutrition, health and wellness, and military initiatives.