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CFGB Receives Record Donations Despite Recession – for Apr. 23, 2009

Canadian Foodgrains Bank received $12.4 million in donations during the 2008-09 fiscal year, $4 million more than its previous annual record.

“Despite the recession we’ve seen the generosity of Canadians increase this year,” said Jim Cornelius, executive director of Canadian Foodgrains Bank. “We are pleased and humbled to see so many people committed to the work of ending hunger regardless of the challenges they may face in their own lives.”

Donat ions to Canadian Foodgrains Bank take the form of both cash and grain. Cash donations have increased by approximately 15 per cent, while the increased value of grain and the higher yields in the Prairie provinces has seen the value of grain donations increase even more significantly.

“It’s been a year of significant growth for us,” said Cornelius. “We’ve seen increases in all of our funding sources this year. In addition to increases in cash and grain donations, we’ve received more in transfer funds from our 15 member agencies, and we’ve also seen our annual contribution from CIDA (Canadian International Development Agency) increase from $20 million to $25 million.”

“Canadian Foodgrains Bank is a strong organization and we’re proud to be one of its members,” says Donald Peters, executive director for Mennonite Central Committee Canada and chair of the board of directors for Canadian Foodgrains Bank.

“We’ve seen several areas of growth recently. We were happy to welcome the Catholic and Anglican relief and development agencies into our membership in 2007. We’ve also seen an increased interest in hunger issues and the work of the Foodgrains Bank as a response to the global food crisis that’s been in the media this past year. People trust Canadian Foodgrains Bank to put their money to good use in the work of ending hunger.”

In addition to the annual contribution of $25 million, CIDA also recently approved an additional $9 million for the Foodgrains Bank’s programs in Zimbabwe and the Democratic Republic of Congo.



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