Offshore raises $124k for food bank van

| 06/05/2020 | 8 Comments
Cayman News Service

(CNS): The local food bank was already stretched supporting families here in dire need of food before the COVID-19 pandemic hit. But since then the poverty and vulnerability of many people has been exacerbated by the measures taken to suppress the virus. As a result, Cayman’s Good Samaritan Food Bank welcomed $124,000 raised by the offshore sector through Cayman Finance to go towards a much needed van.

The food bank 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 current situation with COVID-19 is having significant impacts and effects on our community,” said Marie Eden from the food bank. “We are very grateful to receive such a generous donation from Cayman Finance member firms to assist us as we work toward helping those who desperately need it, especially at the current time when unemployment and food needs are significantly increasing.”

She explained that one of the charity’s urgent needs is a fit-for-purpose van for collections and deliveries. So some of the funds donated will go toward the purchase of a new vehicle.

The money was raised through the Cayman Finance’s ‘Cares’ programme, an initiative funded by its member firms.

“There has been extensive research in recent years that most not-for-profits end up struggling and failing due to a lack of funding of sound operational infrastructure,” said Cayman Finance CEO Jude Scott. “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.”

The offshore sector is not just the key driver of the local economy worth billions of dollars, accounting for half of our GDP, it is now Cayman’s only economic pillar, given the collapse of tourism.

Sponsoring Cayman Finance member firms include Butterfield, Dart, Deloitte, EY, KPMG, Maples, PwC, and Walkers; Carey Olsen, Cayman Management, HF Fund Services, Mourant, Nassau Re, Ogier, Rawlinson & Hunter; and BDO, Circumference.

Vampt Motors has also offered to donate money if the charity buys their new van through them.

This is the second community initiative under the ‘Cayman Finance Cares’ programme. Last month, more than 450 meals were provided to front-line workers at the Health Services Authority over the Easter weekend.

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Comments (8)

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  1. Anonymous says:

    The food bank etc is all well and good, but things are going to get hard real soon….the scavengers/poverty stricken us users are going drain each and every resource that we have and the outside world will turn away from us when they find out that we are saturated with ungrateful scavenger. Mr Premier these people must go!

  2. Anonymous says:

    Remember too that the Public have been wonderful in supporting The Lions Clubs with donations. Both these funds and the collected items from the kind donor of Kirk Market are distributed to those in need in our community. This has been going on for 40 + years!

  3. Anonymous says:

    1.9 trillion $ is parked in 281 banks here.
    They could only come up with 124k ?
    That is 0.000006 %

    • Anonymous says:

      This is one initiative of many. The Financial Services industry funds numerous causes and events each and every year. Plus the funds on deposit come from the bank’s clients. It’s irrelevant how much is held. The banks are donating out of their profits which are nowhere near the deposit level.

  4. Anonymous says:

    $124.000 for a food bank van (Maserati or Aston Martin?) and Vampt has offered to donate some cash if they buy the van through them. Approved, good to go

    • Anonymous says:

      so they raised more than the target. I’m sure the excess funds will be put to good use and if they get a discount or rebate from Vampt even better

      • Robert Bytnar says:

        I agree the success of this fundraising is incredible and shows the great generousity of the financial community. Certainly the excess funds will be put to good use, especially to feed children who regularly depend on school food programs. Now that students are not in school, they stay home, hungry and striving to stay on a positive educational path.

        Bless all those who contributed, and bless the many volunteers and workers who provide food to those in need. Children and adults!

    • Anonymous says:

      Sketch AF

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