NEWS RELEASE
Annual Dermody Properties Thanksgiving Capstone Award Provides $50,000 to Food Banks Across the Country
Dermody Properties, a national industrial real estate development firm, has announced the recipients of its annual Dermody Properties Thanksgiving Capstone Award. In Nevada, where Dermody Properties is headquartered, the Food Bank of Northern Nevada (FBNN) will receive $25,000 to assist with its School Pantry program.
The Dermody Properties Thanksgiving Capstone Award is presented each year during the holiday season by the Dermody Properties executive management committee to help nonprofit organizations address the increased need many nonprofits experience during the holidays. The award was created by Dermody Properties as a way to give thanks at a special time of year.
“As a company, Dermody Properties is fortunate to be able to share its success,” said Michael Dermody, Chairman and CEO of Dermody Properties. “Giving back is a value embedded in the company, and the Dermody Properties Thanksgiving Capstone Award has become a tradition. We are pleased to support those communities where we do business through this award.”
Dermody presented the award to FBNN on Nov. 19 at Libby C. Booth Elementary School. Principal Yuen Fong, staff and students spoke about the importance of the School Pantry program, through which many of the school’s students and families receive nutritious meals at no cost throughout the year. The Dermody Properties Thanksgiving Capstone Award will help the Food Bank of Northern Nevada deliver 75,000 meals to this vital program.
Through its School Pantry program, FBNN sets up and stocks food pantries in schools throughout the district. There are currently thirteen Washoe County schools that have pantries serving students and their families with two more set to open soon. Interested parties can help further the work of the Food Bank’s School Pantry program by donating at fbnn.org.
“Proper nutrition is vital for children to be successful in school and in life,” said Cherie Jamason, President and CEO of the Food Bank of Northern Nevada. “We are so thankful to Dermody Properties for helping with our School Pantry program. Children who do not receive adequate nutrition have difficulty in school and are sick more often. Programs like this help feed our kids.”
This year, in addition to the gift provided to FBNN, the company is presenting Dermody Properties Thanksgiving Capstone Awards to food banks in Carlisle, Penn.; Chicago, Ill.; Louisville, Ky.; Nazareth, Penn.; Seattle, Wash. and southern New Jersey. These are all communities in which the Dermody Properties team works and lives.
The Dermody Properties Thanksgiving Capstone Award, which totals $50,000 this year, is directed by the executive management committee of Dermody Properties, which includes CEO and Chairman Michael Dermody; President and Partner Douglas A. Kiersey, Jr.; Chief Financial Officer Douglas Lanning; and Partner Steven Karpf.
“Traditionally, the Dermody Properties Thanksgiving Capstone Award has been a way for Dermody Properties to show our appreciation for the communities where we work and build our facilities,” said Kiersey. “This year, we are fortunate to be able to provide awards to seven different food banks across the country. We are proud to support their work to end hunger, and encourage others to do the same this holiday season and throughout the new year.”
