Moving Forward to a Brighter Future: Under One Roof Capital Campaign
Encore Boston Harbor donated $111,503.16 from the proceeds of their July 2019 preview days to BOL for our capital campaign to build a new building! BOL was one of 6 local nonprofit organizations to receive the donations. What amazing support from the Encore community. In addition, we received a gift of $100,000 from Sidney and Deanna Wolk in June 2019. Words cannot express how thankful we are to Encore and the Wolk Family for getting us closer to feeding more families.
The crisis of food insecurity and hunger in the United States continues to grow. A 2016 study done by researchers at Children’s Health Watch and the Greater Boston Food Bank, report that the estimated health-related costs of food insecurity and hunger in the United States is $160 billion dollars.
In Massachusetts the estimated health costs associated with food insecurity and hunger are $2.4 billion dollars.
For the last 30 years Bread of Life, Inc., a community based non-profit agency, serving Malden and several surrounding communities has been fighting the crisis of food insecurity and hunger.
One in ten households in MA continue to suffer from food insecurity and hunger. Rates during the most recent “great recession” in 2008, have yet to return to “pre-recession” levels in Massachusetts.
Breakdown of the direct related health issues & costs to MA include:
Poor General Health 635.4 M
Pulmonary Diseases 572.6 M
Special Education 520.3 M
Type 2 Diabetes 251.1 M
Mental Health Issues 223.3 M
Obesity 132.7 M
Rheumatology Disease 76.9 M
Bread of Life provides more than one million meals each year to children, adults and families who continue to suffer from food insecurity and hunger.
In order to combat this crisis Bread of Life is embarking on a Capital Campaign to construct a new facility to better meet the needs of our clients and communities we serve. Our new facility will not only meet the needs of our clients and communities but will also provide fourteen 14 low-income studio housing units through a collaboration with Metro North Housing Corp (MNHC) which will own and manage that portion of the facility.
To date, Bread of Life has secured over half of the $3 million in philanthropic funding needed, including pledges of $250,000 each from Beth Israel Senior Citizens Housing, Inc., the Clipper Ship Foundation and the Donovan Family Foundation. Other major grantors to the campaign include Encore Boston Harbor, Sidney & Deanna Wolk, the Amelia Peabody Charitable Fund, the Arthur S. Reinherz Charitable Foundation, the Yankee Pest Jamboree, the Ludcke Foundation, Brookline Bank, People’s United Community Foundation, Grainger Foundation and Eastern Bank Charitable Foundation, among others. See our complete list of funders.
Our remaining philanthropic goal is $1.278 million.
The total projected cost of the development, including acquisition, contingencies and soft costs, is projected at $8.65 million. Bread of Life will own 8,861 square feet and has anticipated development costs of $3.67 million. MNHC will own 14 low-income studio apartments, totaling 10,031 square feet with anticipated development costs of $4.98 million.
A gift to the Under One Roof campaign is an opportunity to help us achieve our mission to feed the body and nurture the soul. Your gift also presents a unique opportunity to be permanently recognized in our new space. Learn more on our Naming Opportunities page.
If you would like more information or a presentation about our "Under One Roof" Campaign, please fill out the form below
MNHC is financing their portion with state and federal low-income housing funds. The North Suburban HOME Consortium awarded $1.2 million to the project. In December 2017 the Federal Home Loan Bank Affordable Housing Program and Century Bank (through a FHLB Member Loan) awarded $1.4 million to the project. Also in December 2017, MNHC purchased two other properties in Malden that provide supported housing for formerly homeless individuals and veterans: the Kaszanek House and the Washington Street SRO Residence. MNHC will own and manage these properties along with the 54 Eastern Ave units being created.