Data centre REIT CyrusOne (NASDAQ: CONE) revealed it is donating $250,000 in addition to personal donations from CyrusOne’s leadership team, and a $50,000 personal donation from CyrusOne’s President and CEO, Tesh Durvasula, to Feeding America, Member Food Bank, the North Texas Foodbank, as well as charities in Europe.
According to the United States Department of Agriculture (USDA), more than 37 million people, 11 million of whom are children, face hunger in the United States.
The COVID-19 pandemic has resulted in an increased demand for local food banks. School closures, rising unemployment, and rising poverty due to quarantine and stay-at-home orders will disproportionately impact people already at risk of hunger and could result in an estimated additional 17.1 million people experiencing food insecurity.
“In this unprecedented moment, we all need to come together across the world to help people in need. Our donation, on behalf of all CyrusOne team members, helps provide food and resources at a time of intense hardship,” said Tesh Durvasula, CEO and President, at CyrusOne.
“I am so proud of how passionately our CyrusOne family in the United States and Europe have responded to help our local communities in Texas and around the world.”
Through a network of 200 food banks and 60,000 food pantries and meal programs, Feeding America provides meals to more than 40 million people each year.
“Feeding America is thankful toCyrusOne for its commitment to helping our neighbours who may not know where they will find their next meal. Their generous donation will help people hardest hit by this pandemic,” said Lauren Biedron, Vice President of Corporate Partnerships at Feeding America.
