Commitment to community is one of the seven cooperative principles. During these unprecedented times, area food banks have been notably affected. Much of the food acquired by Iowa food banks comes from donations. The economic hardships Iowans are facing due to COVID-19 are creating challenges with the supply. Some Iowa agencies needs have more than double the amount of food compared to distribution numbers prior to the COVID-19 crisis. At a recent board meeting, the board of directors moved to use some of the ECI REC’s Community Reinvestment Funds to donate $500 each to the food pantries/banks located in Benton, Buchanan, and Fayette counties.
The Community Reinvestment Fund is financed by unclaimed patronage retirement checks, which the State of Iowa allows the cooperative to utilize if the money is donated back to the communities in its service territory. As opportunities or needs arise, ECI REC uses the reinvestment fund to support the communities they serve.
All three of the food pantries were very grateful for the monetary donation.
ECI REC CEO Steve Marlow with Independence Area Food Pantry Director January Rowland and ECI REC Board of Director Don Shonka. photo courtesy of: John Klotzbach Photo
|ECI REC Board President Steve Rau presents a $500 check to the Fayette County Food Bank.|