News

Dermody Properties Presents Annual Capstone Award of $50,000 to Three Food Banks

The executive management team of Dermody Properties has announced the recipients of the company’s annual Capstone Award. In Nevada, where Dermody Properties is headquartered, the Food Bank of Northern Nevada (FBNN) will receive $35,000 to assist with its Mobile Pantry program.

In Dermody Properties’ Northwest Region, two food banks will each receive $7,500: Oregon Food Bank (OFB) of Portland, Oregon and Food Lifeline of Shoreline, Washington. Both organizations will use the awards to fund their produce programs, which provide fresh fruits and vegetables to their clients.

The Capstone Award is presented each year during the holiday season by the Dermody Properties executive management committee to worthy nonprofit organizations to help them continue their services throughout the holiday season and the new year. The award was created by Dermody Properties as a way to give thanks at a special time of year.

Michael Dermody presents the 2014 Capstone Award to Cherie Jamason, CEO of Food Bank of Northern Nevada.

“Giving back to our communities is a fundamental part of our mission at Dermody Properties,” said Michael Dermody, chairman and CEO of Dermody Properties. “Helping others at this time of year through the Capstone Award has become a tradition for us. We are fortunate to be able to share our success.”

FBNN’s Mobile Pantry program delivers perishable food, including fresh produce, directly to families and children in low-income neighborhoods throughout northern Nevada. The Capstone Award will allow FBNN to assist families in need by helping to deliver 105,000 nutrient-dense meals. These meals will fill nine 53-foot truck trailers with fruits, vegetables and other perishable foods.  

Food Lifeline will use the award to support its Food Sourcing Program. Due to the cost of fresh food, it is difficult for many families to get fresh fruits and vegetables on the table. The Food Sourcing Program helps Food Lifeline bring in fresh produce, a critical component of a healthy diet, to its network of 276 food assistance programs throughout western Washington. The Capstone Award will allow Food Lifeline to bring in more than 35,000 pounds of fresh fruits and vegetables to its member agencies and the families and children they serve.

OFB will also use the Capstone Award to support the delivery of fresh produce to its clients. OFB’s produce program provides fresh fruits and vegetables to people in need throughout Oregon. The Capstone Award will enable OFB to purchase approximately 2,000 gallons of fuel to distribute fresh and nutritious produce throughout Oregon and Clark County, Washington, ensuring families in need have access healthy to meals this coming year.

The Capstone Award is directed by the executive management committee of Dermody Properties, which includes Michael Dermody; President and Partner Douglas A. Kiersey, Jr.; Chief Financial Officer Douglas Lanning; Partner Gregory Arnold; and Partner Steven A. Karpf.