4 Great Reasons For Agencies To Shop At The Lowcountry Food Bank
Reason # 1
| You Get | # of Pounds | ||
| If someone buys you $100 of groceries at the store... | $100 of food products | 75 lbs. | |
| If someone donates $100 and your agency shops at the Food Bank... | $2,000 of food products | 750 lbs. | |
Tax deduction to your tax-exempt agency is approximately $25.00; therefore,
your $100 donation created $1,100 in market value food products for a cost of $75.00.
Because the cost of reclaiming these food products is much lower that their market value, the Lowcountry Food Bank provides $20 in market value food products for every $1 you contribute.
Donors like to see their money go a long way in feeding the hungry!
Reason # 2
It costs the Lowcountry Food Bank approximately $0.13 per pound for food we supply to our member agencies.**
The average shared maintenance cost per pound to our agencies is $0.05 per pound. The Food Bank contributes $0.08 to your agency for every pound of food you receive from us.
This means that we made a 7.5 cents per pound donation to our agencies for every pound of food an agency got from the us (12.2 - 7.5 = 4.7 cents).
**Cost out the door in 1998 was 26 cents; in 1999 it was 19 cents; in 2000 it was 14 cents.
| $0.13 = OUR COST |
| $0.05 = AVERAGE AGENCY COST |
| $0.08 = FOOD BANK CONTRIBUTION TO AGENCY |
Reason # 3
In 2002, we will distribute 10 million pounds of food with a market value of $14,800,000. We expect to receive $450,000 in shared maintenance fees from our network of approximately 400 member agencies.
If you divide the market value of the food by the shared maintenance fee ($450,000 divided by $14,800,000), then your agency pays for about 3% of the food's market value.
Reason # 4
Look at what $1.86 will do for you at the Lowcountry Food Bank with this shopping list:
| Grocery Store Purchase | Food Bank Shopping | ||
| 1 - 18oz. Peanut Butter $1.86 | 1 box cake mix | $.14 | |
| 2 lb. baking mix | $.24 | ||
| 2 boxes of cereal | $.24 | ||
| 1 bag potato chips | $.08 | ||
| 5 granola bars | $.10 | ||
| 1 can fruit | $.12 | ||
| 1 lb. Popcorn | $.14 | ||
| 1 10 oz. Cheese dip | $.12 | ||
| 2 lb. chicken legs | $.28 | ||
| 2 cans vegetables | $.28 | ||
| 1 lb. pasta | $.12 | ||
| 6 lbs. fresh veggies/fruit (in season) | no cost | ||
| Total for 18 oz | $1.86 | Total for 20 lbs. | $1.86 |
4 Great Reasons For Agencies To Shop At The Lowcountry Food Bank
Reason # 1
| You Get | # of Pounds | ||
| If someone buys you $100 of groceries at the store... | $100 of food products | 75 lbs. | |
| If someone donates $100 and your agency shops at the Food Bank... | $2,000 of food products | 750 lbs. | |
Tax deduction to your tax-exempt agency is approximately $25.00; therefore,
your $100 donation created $1,100 in market value food products for a cost of $75.00.
Because the cost of reclaiming these food products is much lower that their market value, the Lowcountry Food Bank provides $20 in market value food products for every $1 you contribute.
Donors like to see their money go a long way in feeding the hungry!
Reason # 2
It costs the Lowcountry Food Bank approximately $0.13 per pound for food we supply to our member agencies.**
The average shared maintenance cost per pound to our agencies is $0.05 per pound. The Food Bank contributes $0.08 to your agency for every pound of food you receive from us.
This means that we made a 7.5 cents per pound donation to our agencies for every pound of food an agency got from the us (12.2 - 7.5 = 4.7 cents).
**Cost out the door in 1998 was 26 cents; in 1999 it was 19 cents; in 2000 it was 14 cents.
| $0.13 = OUR COST |
| $0.05 = AVERAGE AGENCY COST |
| $0.08 = FOOD BANK CONTRIBUTION TO AGENCY |
Reason # 3
In 2002, we will distribute 10 million pounds of food with a market value of $14,800,000. We expect to receive $450,000 in shared maintenance fees from our network of approximately 400 member agencies.
If you divide the market value of the food by the shared maintenance fee ($450,000 divided by $14,800,000), then your agency pays for about 3% of the food's market value.
Reason # 4
Look at what $1.86 will do for you at the Lowcountry Food Bank with this shopping list:
| Grocery Store Purchase | Food Bank Shopping | ||
| 1 - 18oz. Peanut Butter $1.86 | 1 box cake mix | $.14 | |
| 2 lb. baking mix | $.24 | ||
| 2 boxes of cereal | $.24 | ||
| 1 bag potato chips | $.08 | ||
| 5 granola bars | $.10 | ||
| 1 can fruit | $.12 | ||
| 1 lb. Popcorn | $.14 | ||
| 1 10 oz. Cheese dip | $.12 | ||
| 2 lb. chicken legs | $.28 | ||
| 2 cans vegetables | $.28 | ||
| 1 lb. pasta | $.12 | ||
| 6 lbs. fresh veggies/fruit (in season) | no cost | ||
| Total for 18 oz | $1.86 | Total for 20 lbs. | $1.86 |
From Shelf to the Hungry!
Thanks to our Store Donation Program partners, our agencies feed thousands of food insecure individuals everyday. Listen as NPR shares a powerful story about how food banks across the country depend on this special relationship. A Squash's journey....
LCFB Announces New Director
The Lowcountry Food Bank Board of Directors is pleased to announce that Pat Walker will be joining the Lowcountry Food Bank as President and CEO on January 17, 2012. Please read the full announcement and learn more about our future President and CEO.
Bon Appetit-December eNewsletter
Click here to view the Lowcountry Food Bank's December Bon Appetit eNewsletter. To sign up to receive our monthy Bon Appetit, please contact the Lowcountry Food Bank's Development Associate, Margaret Williamson
