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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 tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. Tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation took place in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent.
A dividend is a distribution of profits by a corporation to its shareholders. 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.
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.
Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. The aim of capital accumulation is to create new fixed and working capitals, broaden and modernize the existing ones, grow the material basis of social-cultural activities, as well as constituting the necessary resource for reserve and insurance. The process of capital accumulation forms the basis of capitalism, and is one of the defining characteristics of a capitalist economic system.
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.
In international relations, aid is – from the perspective of governments – a voluntary transfer of resources from one country to another.
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.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
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.
The following outline is provided as an overview of and topical guide to finance:
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.
Mutual aid is an organisational model where voluntary, collaborative exchanges of resources and services for common benefit take place amongst community members to overcome social, economic, and political barriers to meeting common needs. This can include resources like food, clothing, to medicine and services like breakfast programmes to education. These groups are often built for the daily needs of their communities, but mutual aid groups are also found throughout relief efforts, such as in natural disasters to pandemics like COVID-19.
Since the 1980s Saudi Arabia has provided foreign assistance to many countries and organizations.
The humanitarian responses by non-governmental organizations to the 2010 Haiti earthquake included many organisations, such as international, religious, and regionally based NGOs, which immediately pledged support in the aftermath of the 2010 Haiti earthquake. Besides a large multi-contingency contribution by national governments, NGOs contributed significantly to both on-the-ground rescue efforts and external solicitation of aid for the rescue efforts.
Angel Food Ministries was a Monroe, Georgia, based nonprofit organization that provided a monthly food service to over 500,000 families. The ministry was a nondenominational program located in 43 states across the United States and the District of Columbia, distributing food from 5,200 locations. There were 473 distribution centers in Georgia and more than 1,400 concentrated in Texas, Missouri, Tennessee, and Pennsylvania. The headquarters was located in a 16,000-square-foot (1,500 m2) warehouse in Monroe. The ministry employed 220 full-time employees and 500 temporary workers. The program bought food in bulk at discount price and then sold it in family sized quantities, while spreading the word of Christ. The ministry delivered $120 million in direct food assistance to families and nourished over 22 million Americans. In 2005, the ministry received the largest USDA grant ever given to a faith-based organization. The ministry closed in September 2011 as a result of a federal fraud investigation.
This glossary of economics is a list of definitions of terms and concepts used in economics, its sub-disciplines, and related fields.
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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