Abbot Downing Summer Matching Gift Campaign Raises $150,000

Campaign exceeds goal of $40,000 with community support; Helped bridge the gap for hungry children during summer and transition into school year

Along with the community, Abbot Downing, a Wells Fargo business, and Feeding South Florida™ recently raised $150,000 to benefit hungry children during the summer with their summer matching gift campaign. During the campaign, which ran from July 15, 2012 through Aug. 31, 2012, Abbot Downing challenged the community by pledging to match every dollar raised up to $20,000. Receiving a large amount of donations ranging from $1 to $20,000, Abbot Downing and Feeding South Florida well surpassed their fundraising goal of $40,000 for a total of $150,000.

Abbot Downing and Feeding South Florida created the summer matching campaign to help feed South Florida children who depend on their schools’ meal programs, and are at serious risk of going hungry during the summer because cafeteria doors are closed. By stepping up to fill the void for these children during the summer months, Abbot Downing helped to feed them through the commencement of the 2012-2013 school year.   

Along with the monetary donation and leading the matching campaign, Abbot Downing team members volunteered at Feeding South Florida’s Palm Beach Distribution Center to sort food that was then distributed to its Palm Beach County partner agencies.

“We are overwhelmed by the community’s support for the summer matching gift campaign,” said Feeding South Florida President and CEO Paco Vélez. “The campaign goal was exceeded by nearly $110,000. We are very thankful for Abbot Downing’s and the community’s support in helping to feed South Florida children during the summer.”

“Our team members made the decision to donate to Feeding South Florida,” said Matt Robertson, Regional Managing Director for Abbot Downing. “We are grateful to the community for stepping up to the challenge to match and exceed the amount of our donation. We are excited about the campaign’s success and the ability to provide assistance to students and families into the school year.”

In South Florida, almost 1 million individuals in need, including more than 340,000 children, are affected by hunger. The overall food insecurity rate in South Florida is 16.9 percent.  

About Feeding South Florida
Feeding South Florida™ is a nonprofit organization that empowers other South Florida nonprofit organizations to assist people in need and improve their lives. Feeding South Florida does this by providing food and other grocery products, and by educating and engaging the community to fight hunger and poverty. Through a local network of approximately 450 other nonprofit organizations, Feeding South Florida strives to serve almost 1 million individuals in need, including more than 340,000 children who are food insecure, the elderly, the mentally and physically challenged, veterans and the working poor, in Miami-Dade, Broward, Palm Beach and Monroe Counties with compassion and integrity. Feeding South Florida, the largest food bank in the state, is a member of Feeding America, the nation’s leading domestic hunger-relief charity. In 2011, Feeding South Florida distributed over 30 million pounds of food valued at almost $50 million within the South Florida community. Feeding South Florida’s headquarters is located at 2501 SW 32 Terrace, Pembroke Park, FL, 33023. For more information, please call (954) 518-1818 or visit www.feedingsouthflorida.org.

About Abbot Downing
Abbot Downing, with $30.5 billion in client assets, is part of the company’s Wealth, Brokerage and Retirement group, one of the largest U.S. wealth managers. Wells Fargo launched the Abbot Downing brand on April 2, 2012, as it combined its former Lowry Hill and Wells Fargo Family Wealth businesses. The firm seeks to expand its market share among the roughly 10,000 households in the U. S. that have $50 million or more in investable assets and collectively control more than $1 trillion. The original Abbot Downing built the iconic stagecoaches that have come to represent Wells Fargo and was known worldwide for its ingenuity, high-quality craftsmanship, and distinctive passenger experience.  The new Abbot Downing will use the name to reflect the tailored solutions, high-touch service and attention to detail its clients have come to expect.

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