Key Takeaways
DataPhilanthropy, the family foundation of The Trade Desk founder Jeff Green, gave $8.5 million to Food Share of Ventura County, the lead gift in a $50 million campaign for a new food bank.
The 85,000-square-foot facility is set to double the county's hunger-relief capacity, after space limits forced Food Share to turn away nearly 8 million pounds of donated food last year.
Food Share serves more than 250,000 people a year, about one in four Ventura County residents, and has $4.5 million left to raise on the campaign.
DataPhilanthropy, the family foundation of The Trade Desk founder Jeff Green, gave $8.5 million to Food Share of Ventura County, the food bank announced. The gift is the lead donation in Food Share's $50 million Feeding Our Future campaign to build a new facility.
The new food bank will span 85,000 square feet and is designed to double the region's hunger-relief capacity. Food Share said space limits at its current site forced it to turn away nearly 8 million pounds of donated food last year, even as demand climbed.
The need is steep. Food Share serves more than 250,000 food-insecure people a year, close to one in four Ventura County residents, and moves more than 23 million pounds of food, over 19 million meals, through 200 partner pantries and programs as a member of Feeding America.
Green, whose ad-tech company is headquartered in Ventura, tied the gift to the place his company was built. The donation is meant to "expand the space a little and expand the impact a lot," he said. DataPhilanthropy, led by Dr. Richard Yao, says it funds nonprofits on data-driven evidence and measured outcomes.
With the gift, Food Share has $4.5 million left to raise, and the announcement coincided with a company volunteer day at its Oxnard headquarters. The project lands as WYDE has tracked both a wave of large single-donor gifts and the strain on local food banks as federal food aid tightens. A single foundation closing most of a food bank's capital gap is concentrated, measured philanthropy, and the measured part is the part worth watching.
People Also Ask
How much did DataPhilanthropy give to Food Share of Ventura County?
DataPhilanthropy gave $8.5 million, the lead gift in Food Share's $50 million Feeding Our Future campaign to build a new food bank.
Who is behind DataPhilanthropy?
It is the family foundation of Jeff Green, founder and chief executive of the ad-tech company The Trade Desk. It is led by Dr. Richard Yao and funds nonprofits based on measured impact.
Space limits at its current site forced Food Share to turn away nearly 8 million pounds of donated food last year. The new 85,000-square-foot facility is designed to double its capacity.
Food Share serves more than 250,000 food-insecure people a year, about one in four county residents, through 200 partner pantries and programs.