Click on right here for updates on this story
HARTFORD, Connecticut (HBJ) – The merger between Connecticut’s two largest meals banks is transferring ahead.
The boards of the Foodshare and Connecticut Meals Financial institution voted Wednesday to approve their mixture, which can formally take impact on January 30.
The brand new group shall be ruled by a 23-member board of administrators comprised of members of the outgoing Foodshare and Connecticut Meals Financial institution boards.
The meals banks will proceed to function from their Wallingford, Bloomfield and Bridgeport amenities and can use their current names till a brand new title is chosen within the coming weeks, the nonprofits stated.
The mixed group shall be led by Foodshare CEO and President Jason Jakubowski, could have an annual finances of roughly $ 110 million and can make use of 115 folks.
“With the combination of our operations, we will pool assets to higher serve Connecticut residents scuffling with meals insecurity,” stated Foodshare Board Chair Beth Henry, who will function Vice Chair of the brand new entity. “We will additionally use our mixed donations to supply extra environment friendly applications, higher help our member companies, assist older folks and youngsters in want, and collaborate with the broader neighborhood to construct efficient options to finish starvation.”
The deal was facilitated by Debra Hertz, director of The Technique Group, a nonprofit consulting agency in Darien. Foodshare was represented by Halloran & Sage in Hartford, and Connecticut Meals Financial institution was represented by Wiggin & Dana in New Haven.
Each meals banks are members of Feeding America, the main nationwide anti-hunger group.
Observe: This content material is topic to a strict native market embargo. If you happen to share the identical market because the contributor to this text, you may’t apply it to any platform.
