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A food drive is a form of charity that is conducted by a group of individuals or a corporation to stockpile and distribute foodstuffs to people who cannot afford food.
| | This article needs additional citations for verification .(June 2017) |
A food drive is a form of charity that is conducted by a group of individuals or a corporation to stockpile and distribute foodstuffs to people who cannot afford food.
Food drives are operated in order to stock food banks that distribute food to homeless people, soup kitchens, vulnerable seniors, orphanages, refugees, and victims of disasters. There are also food drives to help people hold feasts on Christmas and Thanksgiving. Many are organized by community organizations, nonprofits, churches, and even individuals.
Many people involved in charity work are critical of the inefficiency of food drives. Emergency food providers are able to buy surplus stock from the food industry at a significant discount, Katherina Rosqueta of the Center for High Impact Philanthropy estimating it at 5% of retail price. Instead of buying canned food at store prices and physically donating it, a monetary donation to the same value could be used to acquire a much greater amount of food, and of a variety chosen by the food charity. [1]
Greg Bloom of Bread for the City expressed concern over the health value of donated food, saying that "almost half of what comes to us in any given food drive just doesn’t meet our nutritional standards". [1]
Contemporary food drives often work towards a radical approach to food provisions and aid. Organizations like "Food Not Bombs" pair vegan and vegetarian food provisions to those in need with a radical political agenda. The organization protests the military industrial complex, a phenomenon that fuels wars and usurps almost half of all tax money. [2] According to the organization, the tax money utilized for war could fuel better social infrastructure to provide food aid to all who need a cushion of support.
The largest food drive by a non-charitable organization in 24 hours was set by the North Carolina School of Science and Mathematics Food drive. It collected 559,885 pounds of food in Durham, North Carolina, USA, on March 5, 2011. [3]
A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business. The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.
In finance, speculation is the purchase of an asset with the hope that it will become more valuable shortly. It can also refer to short sales in which the speculator hopes for a decline in value.
In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". It is the summary of each and every financial statement of an organization.
The Wall Street crash of 1929, also known as the Great Crash or Crash of '29, was a major stock market crash in the United States in late 1929, beginning in late October with a sharp decline in prices on the New York Stock Exchange (NYSE) and ending in mid-November. The crash, which began a rapid erosion of confidence in the U.S. banking system and marked the beginning of the worldwide Great Depression, which lasted until 1939, is considered the most devastating in the country's history. It is most associated with October 24, 1929, known as "Black Thursday", when about 12.9 million shares were traded on the NYSE in a single day, and October 29, 1929, "Black Tuesday", when some 16.4 million shares were traded.
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A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant.
A charity shop (British English), thrift shop or thrift store or opportunity shop or op-shop is a retail establishment run by a charitable organization to raise money. Charity shops are a type of social enterprise. They sell mainly used goods such as clothing, books, music albums, shoes, toys, and furniture donated by the public, and are often staffed by volunteers. Because the items for sale were obtained for free, and business costs are low, the items can be sold at competitive prices. After costs are paid, all remaining income from the sales is used in accord with the organization's stated charitable purpose. Costs include purchase and/or depreciation of fixtures, operating costs and the building lease or mortgage.
The Restaurants du Cœur, commonly known as the Restos du Cœur, is a French charity founded by comedian Coluche (1944–1986) and its main activity is to distribute food packages and hot meals to those in need.
A food bank is a non-profit, charitable organization that distributes food to those who have difficulty purchasing enough to avoid hunger, usually through intermediaries like food pantries and soup kitchens. Some food banks distribute food directly with their food pantries.
Gift Aid is a UK tax incentive that enables tax-effective giving by individuals to charities in the United Kingdom. Gift Aid was introduced in the Finance Act 1990 for donations given after 1 October 1990, but was originally limited to cash gifts of £600 or more. This threshold was successively reduced in April 2000 when the policy was substantially revised and the minimum donation limit removed entirely. A similar policy applies to charitable donations by companies that are subject to the UK corporation tax.
The term in kind generally refers to goods, services, and transactions not involving money or not measured in monetary terms. It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches, which can be identified and distinguished.
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Food rescue, also called food recovery, food salvage or surplus food redistribution, is the practice of gleaning edible food that would otherwise go to waste from places such as farms, produce markets, grocery stores, restaurants, or dining facilities and distributing it to local emergency food programs.
Redwood Empire Food Bank (REFB) is a food bank on the North Coast of California which belongs to the Feeding America network. Its mission is to end hunger in its community.
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A black market, underground economy, shadow market or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution are prohibited or restricted by law, non-compliance with the rule constitutes a black-market trade since the transaction itself is illegal. Such transactions include the illegal drug trade, prostitution, illegal currency transactions, and human trafficking.
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This glossary of economics is a list of definitions containing terms and concepts used in economics, its sub-disciplines, and related fields.
The COVID-19 pandemic has greatly impacted the international and domestic economies. Thus, many organizations, private individuals, religious institutions and governments have created different charitable drives, concerts and other events to lessen the economic impact felt.
Midwest Food Bank is an American 501(c)(3) non-profit organization that gathers food donations, primarily from large companies, and distributes them to other non-profit organizations and disaster sites. Founded on a family farm in Bloomington, Illinois, in 2003, Midwest Food Bank began expanding in 2005 after contributing to disaster relief efforts for Hurricane Katrina. Currently, it operates ten locations in the United States and two internationally. As of 2021, it was the United States' thirty-ninth-largest charity and second-largest food bank by revenue; each month, it distributes more than $32 million worth of food to more than 2,000 other non-profit organizations.
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