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Dermody Properties Presents a $5,000 Thanksgiving Capstone Award to the North Texas Food Bank

We recently announced the recipients of our Annual Dermody Properties Thanksgiving Capstone Award. The North Texas Food Bank (NTFB) has received $5,000 to assist in its mission of closing the hunger gap in North Texas by providing access to nutritious food.

NTFB is a nonprofit food bank located in Plano, Texas and an active member of Feeding America, the nation’s largest domestic hunger-relief organization. To bridge the hunger gap, NTFB distributes food with the help of over 400 food pantries and community organizations across 13 Texas counties in an area that spans more than 10,000 square miles.

According to Feeding America, more than 3.7 million Texans are food insecure and one in five children face hunger. Adding to the already strong need, food distribution has continued at elevated amounts due to the health and economic effects of the COVID-19 pandemic.

This year marks the 40th year that NTFB has alleviated food insecurity in North Texas, and the food bank will provide nearly 137 million meals. NTFB engages in a variety of outreach efforts to positively impact the North Texas community including child programs, serving low-income seniors, nutrition education, garden workshops and disaster relief assistance. Ninety-five percent of NTFB’s resources directly support its hunger relief programs.

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. Elizabeth Kauchak, Chief Operating Officer for Dermody Properties, designated NTFB as one of this year’s recipients.

“The Annual Thanksgiving Capstone Award allows our company to give back to the communities we belong to,” said Kauchak. “Dermody Properties is pleased to award this gift to the North Texas Food Bank. Even with the negative effects of the pandemic, it has managed to increase the amount of food it provided. North Texas Food Bank’s work is truly admirable and we are honored to contribute to its mission of closing the hunger gap in North Texas.”

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 Dermody; President Douglas A. Kiersey, Jr.; Partner and Chief Capital Officer Kathleen Briscoe; Partner and Chief Strategy Officer Amy Curry; Chief Operating Officer Elizabeth Kauchak; Chief Financial Officer Douglas Lanning; and Partner and Chief Investment Officer Timothy Walsh.

Dermody Properties has selected seven additional recipient organizations and will award $25,000 to the Food Bank of Northern Nevada, $10,000 each to Colliers Cares: Hurricane Ian Relief in Tampa, Florida and the Northfield Township Food Pantry in Glenview, Illinois; and $5,000 each to Feeding America of Riverside and San Bernardino in Riverside, California; The Society of St. Vincent de Paul in Phoenix, Arizona; Food Bank of South Jersey in Pennsauken Township, New Jersey; and St. Mary’s Food Bank in Phoenix, Arizona.


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