Austin, TEXAS – (August 18, 2020) – Brian Sheth, Austin-based philanthropist and co-founder of The Sheth Sangreal Foundation and Vista Equity Partners, partnered with Jefferies Group, led by its CEO, Rich Handler, to gift up to $200,000 in matching funds to support Central Texas Food Bank’s vital services amid the COVID-19 crisis that provide food to thousands of area residents in 21 counties. Through this contribution, Sheth and Handler want to honor Jefferies Group’s CFO, Peg Broadbent, who passed away from coronavirus complications in March.
This match grant challenge is a call to action for the local Central Texas-area community to support families, children and individuals in need during the pandemic. Once the matching challenge is met, these funds will allow Central Texas Food Bank to provide up to 1.6 million meals to those in need in their 21-county service area at a time when demand created by the pandemic has stretched the organization’s resources to the limit.
“The COVID-19 pandemic has caused the demand for our services to skyrocket,” said Derrick Chubbs, president and CEO of the Central Texas Food Bank. “This generous matching grant from Sangreal and Jefferies will provide nutritious meals for thousands of our neighbors in need. On behalf of the Central Texas Food Bank and all those we serve, thank you. This will have a huge impact.”
“Central Texas Food Bank’s commitment to fighting hunger is more relevant than ever during these challenging times for our community,” Brian Sheth said. “Guided by our mission at Sangreal, “no one stands alone while protecting life,” we want to support Central Texas Food Bank’s efforts to provide help and nourish those affected by COVID-19 and continue to lead the community in the fight against hunger. The effects of COVID-19 and economic impacts are creating even stronger pressures on those already living on the margins of being food insecure. It will require all of Central Texas to step up and join our support to make sure everyone has access to healthy meals. This matching gift commitment, in partnership with Jefferies, seeks to double the value of every dollar raised through all donations.”
“Jefferies is proud to partner with Brian Sheth and The Sheth Sangreal Foundation in supporting Central Texas Food Bank in its critical work to help those affected by COVID,” commented Rich Handler. “Jefferies remains committed to this cause to help those in need as we continue to honor the memory of our CFO, Peg Broadbent, who was taken by this terrible disease.
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About Central Texas Food Bank
The mission of the Central Texas Food Bank is to nourish hungry people and lead the community in the fight against hunger. Founded in 1981, the Food Bank provides food and grocery products through a network of nearly 300 Partner Agencies and nutrition programs, serving nearly 50,000 people every week. Headquartered in Austin, the Food Bank serves 21 counties in Central Texas, an area about twice the size of Massachusetts. More at https://www.centraltexasfoodbank.org/
About The Sheth Sangreal Foundation
The Sheth Sangreal Foundation is an Austin-based charitable organization founded by Brian and Adria Sheth. Brian Sheth is the Co-founder and President of Vista Equity Partners. The foundation’s granting and best practices support networks, provide needed funds and resources to allow the most vulnerable of life to thrive. It has a strong focus on the health and biodiversity of our planet, the emotional wellbeing of children, music and arts education, and the support for veterans and their families. Sangreal’s process-driven systematic approach connects people together, provides best practices and essential resources to deliver effective and measurable global impact. More at https://www.sangrealfoundation.org/
About Jefferies Group
Jefferies Group LLC is the largest independent, global, full-service investment banking firm headquartered in the U.S. Focused on serving clients for nearly 60 years, Jefferies is a leader in providing insight, expertise, and execution to investors, companies, and governments. Our firm provides a full range of investment banking, advisory, sales and trading, research, and wealth management services across all products in the Americas, Europe, and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company. More at https://www.jefferies.com/
