OAKBROOK TERRACE, Ill., Oct. 6, 2020 /PRNewswire-PRWeb/ — NAV Fund Administration Group has announced a donation to the Greater Chicago Food Depository in an amount equivalent to 100,000 meals for families in Chicago and Cook County.
“With the pandemic and current economic situation, we wanted to do our part to support families in need in the Chicago area,” said NAV CEO Nav Gupta. “We’ve seen the overwhelming demand for services at food banks nationwide and were particularly mindful of the effect remote schooling has had on families with children who can no longer receive meals at school. It’s an honor to support the Food Depository, an organization that does stellar work to battle food insecurity.”
The Food Depository is part of a united community effort acting as the hub for a network of more than 700 local food pantries, soup kitchens, shelters and other programs and is a member of Feeding America, the national network of food banks. During recent weeks, the Food Depository’s member programs have served an average of 120 percent more people in need when compared to January of this year, according to recent data.
“We’ve never seen such a dramatic increase in the number of people seeking emergency food assistance,” said Kate Maehr, executive director and CEO of the Food Depository. “We’re immensely grateful for NAV Consulting’s generous support in helping us to meet the need.”
The NAV Fund Administration gift also contributes toward the goal for the Million Dollar Challenge, which runs through October 31. If the Food Depository raises $1 million, the George and Cindy Rusu Family Foundation will provide an additional $1 million to the Food Depository, doubling program donations.
For information about how to donate or volunteer to the Food Depository, visit https://www.chicagosfoodbank.org/.
About NAV Fund Administration Group
Founded in 1991, NAV is a privately-owned fund administrator recognized for its innovative and cost-effective fund administration solutions. Our dynamic team of more than 900 professionals provide services to 1,000+ Hedge Fund, Private Equity & Real Estate Funds, CTA, and Managed Account clients across the globe. NAV ranks among the top 10 global hedge fund administrators by number of funds, and services more than $100 billion AUA. All operations are ISAE 3402 Type 2 certified.
About the Greater Chicago Food Depository
The Greater Chicago Food Depository is at the center of a network of more than 700 partner organizations and programs – food pantries, soup kitchens, shelters, mobile distributions and other partners – working to bring food, dignity and hope across Chicago and Cook County. The Food Depository also addresses the root causes of hunger with job training, advocacy and other innovative solutions and is a member of Feeding America –the national network of food banks. Learn more at https://www.chicagosfoodbank.org/
SOURCE NAV Fund Administration Group