Albemarle Corporation - The Albemarle Foundation, an endowed 501 (c)(3) that serves as the primary source for corporate and employee philanthropic giving, recently contributed $250,000 to the Greater Baton Rouge Food Bank's from Hunger to Hope campaign, bringing them closer to their $3 million goal.
'Our involvement with from Hunger to Hope, a project that serves to dramatically improve the Food Bank's ability to provide hunger relief, truly embodies the Foundation's mission of making a positive and sustainable difference in our community,' says Sandra Holub, Director of the Albemarle Foundation.
The Albemarle Foundation's support of the Food Bank is the natural extension of Albemarle employee's support of the nonprofit that feeds 171,000 people annually. 'This is just another demonstration of how much Albemarle, the Albemarle Foundation and Albemarle employees are truly engaged and contributing to improve our community. Their generous and continued support is helping the Food Bank bring more people from hunger to hope,' says Mike Manning, President and CEO of the Greater Baton Rouge Food Bank
According to Feeding America, the Greater Baton Rouge Food Bank distributed over 10.8 million pounds of food in 2009 to 11 parishes surrounding and including East Baton Rouge parish. The 'from Hunger to Hope' campaign will fund the acquisition and renovation of a larger warehouse facility that will allow the Food Bank to accept, process and distribute even more food on an annual basis.
About The Albemarle Foundation
The Albemarle Foundation was created in 2007 to focus Albemarle Corporation's company and employee efforts on programs that support the cornerstones of sustainability within local communities where employees live and work - particularly in the areas of education, health and social services, cultural initiatives and community involvement. To learn more please visit www.albemarlefoundation.org.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine recently selected Albemarle to its prestigious '100 Best Corporate Citizens' list for 2010. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. To learn more, visit www.albemarle.com.
'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business that are not historical facts are 'forward-looking statements' that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 'Risk Factors' in the Company's Annual Report on Form 10-K.