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Press release content from Business Wire. The AP news staff was not involved in its creation.

Rice and Lissette Families Double Utz Stock Donation to the Rice Family Foundation, Bringing Contribution to Hanover, PA Community to $20 Million

January 13, 2021 GMT

HANOVER, Pa.--(BUSINESS WIRE)--Jan 13, 2021--

After announcing their intent to make a donation of $10 Million of Utz stock to the Rice Family Foundation early last fall, the Rice and Lissette families – part of the third and fourth generations of the Utz family legacy – are now doubling their contribution.

This contribution of $20 million in Utz shares will allow the foundation to increase its annual giving by approximately 5 times, aiding local organizations supporting the education, health and general well-being of residents of Hanover and the broader central Pennsylvania community.

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“We can think of no better way to celebrate Utz’s 100 th year in the snack business than by giving back to the community that has been a partner in Utz’s success for the last century,” said Mike and Jane Rice, founders of The Rice Family Foundation. “Through this contribution, the foundation will be able to greatly increase its support to organizations in the Hanover and broader central Pennsylvania area, allowing us to continue our work of aiding community organizations but with a much greater annual impact.”

“As we look to the next 100 years of Utz growth, we know Hanover will continue to play an active role in our success,” said Dylan Lissette, Chief Executive Officer of Utz Brands, Inc. “My wife Stacie and I are proud to be able to give back to a community that has been such an important part of our lives, and we are grateful to the many local organizations that are dedicated to improving and enriching the lives of our neighbors. As we look to the future, our family will continue to keep its focus on our community and the organizations and initiatives that make it a such a wonderful home”.

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 2020, the Foundation awarded grants to 34 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 2021 grant, visit The Rice Family Foundation website at www.thericefamilyfoundation.com, or contact: ricefamilyfoundation@gmail.com.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210113005574/en/

CONTACT: The LAKPR Group

mespinel@lakpr.com, klewis@lakpr.com or harnold@lakpr.com

Marie Espinel, Katie Lewis or Hannah Arnold

KEYWORD: PENNSYLVANIA MARYLAND UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY RETAIL OTHER PROFESSIONAL SERVICES OTHER PHILANTHROPY FOUNDATION FOOD/BEVERAGE

SOURCE: The Rice Family Foundation

Copyright Business Wire 2021.

PUB: 01/13/2021 09:14 AM/DISC: 01/13/2021 09:15 AM

http://www.businesswire.com/news/home/20210113005574/en