News
Dermody Properties Grants a $5,000 Annual Thanksgiving Capstone Award to Elmhurst-Yorkfield Food Pantry
We have announced the recipients of our annual Dermody Properties Thanksgiving Capstone Award. The Elmhurst-Yorkfield Food Pantry (EYFP), which assisted nearly 1,000 households in 2019, will receive $5,000 to support its mission to provide food and bring compassion and hope to families and children in need.
During fiscal year 2019, EYFP organized nearly 6,000 food distributions and served more than 3,800 individuals, including 1,457 children and 652 senior citizens. More than 700 volunteers and 16,000 volunteer hours contributed to the organization’s ongoing efforts to ease food insecurity.
Every year, senior management at Dermody Properties selects the recipients for the annual Thanksgiving Capstone Award with the overall goal of helping nonprofit organizations address the increased need experienced during the holidays. This year, Tim Walsh, Partner and Chief Investment Officer at Dermody Properties, has specifically designated EYFP as a recipient.
“The Elmhurst-Yorkfield Food Pantry is critical in this community, which has been greatly impacted this year in light of COVID-19, much like communities across the country,” said Walsh. “We’re honored to be able to support this organization as they continually strive to meet the needs of families throughout the region.”
The Dermody Properties Annual Thanksgiving Capstone Award is uniquely directed each year by the executive management committee of Dermody Properties, which includes Chairman and CEO Michael C. Dermody; President Douglas A. Kiersey, Jr.; Partner and Chief Capital Officer Kathleen S. Briscoe; Chief Operating Officer Elizabeth Kauchak; Chief Financial Officer Douglas Lanning; and Partner and Chief Investment Officer Timothy Walsh.
“Every year, the Thanksgiving Capstone Award brings our company, our executive team and the community together to help those organizations who are truly making an impact in the lives of people,” said Dermody. “At Dermody Properties, this award has become a tradition where we do our part to help ensure the communities in which we do business have the resources they need and in light of COVID-19, we understand now, more than ever, just how important that is. We are pleased to support the Elmhurst-Yorkfield Food Pantry and recognize their efforts to fight hunger and food insecurity among our most vulnerable populations at a time when they need it most.”
Dermody Properties has selected five additional recipient organizations and will award $25,000 to the Food Bank of Northern Nevada in Sparks, Nev. and $5,000 each to the St. Mary’s Food Bank in Phoenix, Ariz., GRACE in Grapevine, Texas, Feeding America of Riverside and San Bernardino in Riverside, Calif. and The American Heart Association in Newark, Del.