The ‘Cayman Finance Cares’ programme, an initiative funded by Cayman Finance member firms, has raised more than $124,000 to support the operations of the Cayman Food Bank (Good Samaritan Food Bank).
The non-profit is a core hunger-relief organisation working to alleviate hunger and malnutrition in the local community. It is a centralised food bank that provides food support for individuals, non-profit social service organisations, and food pantries serving families in need across all districts.
The vulnerabilities of some residents have been exacerbated by the ongoing global COVID-19 pandemic, Cayman Finance said in a press release.
Citing recent research that non-profits end up failing due to a lack of funding of sound operational infrastructure, Cayman Finance CEO Jude Scott said, “We felt it was important to support a solid foundational platform that allows the Cayman Food Bank to provide reliable enhanced services to those most in need during these critical times.”
One of the urgent needs identified by the Food Bank was a fit-for-purpose van for collections and deliveries. As such, some of the funds donated through the ‘Cayman Finance Cares’ programme will go toward the purchase of a new vehicle.