Rice and Lissette Families Deepen Contribution to Hanover, PA Community Following Public Listing of Utz Brands
September 15 2020 - 8:00AM
Business Wire
Families Pledge an Initial $10 Million
Contribution to The Rice Family Foundation in Support of Local
Health and Education Initiatives
Following the transition of Utz from a privately held to a
publicly traded company in August, the Rice and Lissette families –
part of the third and fourth generations of the Utz family legacy –
have announced their intent to make a significant philanthropic
contribution of part of the family’s interest in Utz to The Rice
Family Foundation, with a commitment to making additional donations
in the future as well.
The initial family contribution – worth approximately $10
million – significantly increases the level of annual giving The
Rice Family Foundation will be able to provide to local
organizations, with the ongoing goal of supporting the education,
health and general well-being of residents of Hanover and the
broader central Pennsylvania community.
“For almost 100 years, Hanover has helped Utz expand beyond our
greatest expectations, and we feel a special commitment to giving
back to the place and the people who have been the bedrock of our
success,” said Mike and Jane Rice, founders of The Rice Family
Foundation. “This donation to the foundation will allow us to
continue actively supporting the community, but with much greater
annual impact.”
“The recent public listing of Utz Brands has positioned the
company for its next century of growth,” said Dylan Lissette, Chief
Executive Officer of Utz Brands, Inc. “The Hanover area is
fortunate to have many organizations that put their time and
talents to work to invest in and improve our community. As we look
ahead to our next chapter, my wife Stacie and I will continue to
keep our focus right here at home, supporting critical initiatives
that make this such a wonderful place to live and work.”
Formed in 2017 through a contribution from Mike and Jane Rice,
The Rice Family Foundation makes grants to organizations in the
area that dedicate their resources to fostering a better community.
In 2019, the Foundation awarded grants to 33 Hanover-area
nonprofits that provide services ranging from behavioral health and
wellness care to youth organizations and service providers for
survivors of domestic violence. For more information, or to apply
for a 2020 grant, visit The Rice Family Foundation website at
www.thericefamilyfoundation.com, or contact:
ricefamilyfoundation@gmail.com.
About The Rice Family Foundation The Rice Family
Foundation, located in Hanover, Pennsylvania, funds eligible local
area non-profits who are focused on education, health and the
well-being of families in the greater Hanover, Pennsylvania area.
The Foundation, a 501 (c)(3) non-profit organization, provides
financial grants directly to eligible organizations.
For more information, visit The Rice Family Foundation website
at: www.thericefamilyfoundation.com.
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