Toast Inc. (NYSE:TOST) is one of the best software infrastructure stocks to invest in. Earlier on June 4, Toast announced a significant philanthropic commitment: $5 million over the next 5 years to combat global food insecurity. The initiative begins with a US partnership with No Kid Hungry, which is a national campaign by Share Our Strength dedicated to ending childhood hunger.
The partnership primarily addresses summer hunger, which is a particularly vulnerable time for children who rely on school meals for their daily nutritional needs. Currently, only 13% of children who receive free or reduced-price meals during the school year have access to them in the summer. To combat this, Toast CEO and Co-Founder Aman Narang signed No Kid Hungry’s CEO Pledge to End Summer Hunger, which is an initiative aimed at increasing the number of children receiving summertime meals nationwide from 2.8 million to 31 million annually.
An aerial shot of a computer server station, highlighting the company’s focus on cloud-based technology.
Efforts include encouraging the company’s restaurant customers and their guests to participate through Toast Fundraising campaigns. Additionally, Toast.org, which is the company’s philanthropic arm, is launching a new grant program to scale the impact of restaurants involved in local anti-hunger relief efforts across the US.
Toast Inc. (NYSE:TOST) operates a cloud-based digital technology platform for the restaurant industry in the US, Ireland, India, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
