Bread Financial® supports increased access to food, critical services with $1.25 million gift to Mid-Ohio Food Collective
COLUMBUS, Ohio – Sept. 26, 2024 - Bread Financial®, a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced a $1.25 million gift to Mid-Ohio Food Collective (MOFC) to support its Mid-Ohio Market strategy to improve food accessibility, promote health through nutritious food options and enhance convenience for vulnerable populations in MOFC’s service territory.
The gift will help MOFC expand services through its eight Mid-Ohio Markets, including increased service visits at the Markets to help create time efficiencies, convenience and accessibility for individuals and families. Additionally, MOFC will further develop its deployment of cold storage locker to enhance access to fresh foods, which makes up more than 60% of the total distribution, and reduces food waste to ensure greater availability to those in need.
“By continuing to partner with MOFC, we’re investing in a future where no one goes hungry. MOFC’s commitment to increased access to food through innovative and data-driven solutions aligns with Bread Financial’s efforts to prioritize equity and reduce barriers to access basic needs for individuals and families,” said Tammy McConnaughey, executive vice president and chief credit risk and operations officer, Bread Financial. “As the demand for foodbank services continues to increase, we know that it is critical to support vulnerable populations to create more opportunities to thrive. Through our gift, we look forward to helping MOFC reach even more people in need.”
As the demand for foodbank services continues to increase, we know that it is critical to support vulnerable populations to create more opportunities to thrive. Through our gift, we look forward to helping MOFC reach even more people in need.”
Tammy McConnaughey - Executive Vice President and Chief Credit Risk and Operations Officer, Bread Financial
In 2020, Bread Financial made a $1.4 million dollar gift to support MOFC’s operating budget and the development of a digital analytics platform. MOFC used insights from the platform to inform its Mid-Ohio Markets strategy, examining trends such as operating hours and Market placement. Through this initiative, MOFC identified a new Market location it will open in 2026 and will invest in the development and enhancement of existing Markets to strengthen its reach to more individuals and families in need.
“We have been proudly serving our neighbors for more than 40 years to fight hunger head-on and provide access to resources and aid for those who need it most,” said Matt Habash, president and CEO, Mid-Ohio Food Collective. “This work is far from done, so support from partners like Bread Financial helps us further expand these functions so we can continue to tackle important issues like food insecurity at their root to build hunger-free and healthier communities.”
Bread Financial has been a longtime partner of MOFC, including initiatives such as Double Your Donation Day, summer meal challenges and increasing data and analytics capabilities. Associates from Bread Financial have volunteered a combined 10,725 hours of service to MOFC since 2012.
About the Mid-Ohio Food Collective
Mid-Ohio Food Collective (MOFC) is the largest hunger relief organization in central and eastern Ohio. Through our five assets (the Mid-Ohio Foodbank, Mid-Ohio Farm, Mid-Ohio Farmacy, Mid-Ohio Kitchen, and Mid-Ohio Market), MOFC addresses the root causes of hunger while working with more than 600 partner agencies in 20 counties to feed hundreds of thousands of hungry Ohioans every year.
About Bread Financial®
Bread Financial® (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive suite of payment solutions that includes private label and co-brand credit cards and Bread Pay® buy now, pay later products. Bread Financial also offers direct-to-consumer products that give customers more access, choice and freedom through its branded Bread Cashback® American Express® Credit Card, Bread Rewards™ American Express® Credit Card and Bread Savings® products.
Headquartered in Columbus, Ohio, Bread Financial is powered by its approximately 7,000 global associates and is committed to sustainable business practices. To learn more about Bread Financial, visit breadfinancial.com or follow us on Facebook, LinkedIn, X and Instagram.
