Monolithic Power Systems Makes Donation to Food Bank in Lieu of Holiday Party

San Jose, CA – December 11, 2008 – Monolithic Power Systems, a semiconductor company located in San Jose, is donating $20,000 to Second Harvest Food Bank’s Holiday Food and Fund Drive campaign.

The money was originally earmarked for the Company’s holiday party, but employees opted to cancel the party and donate the funds to the Food Bank which feeds an average of 176,000 low income individuals, families and seniors each month in Santa Clara and San Mateo Counties.

“MPS is very pleased to make this donation to the Second Harvest Food Bank in this time of great need. We are fortunate that MPS is a strong, growing company and we wanted to share our success with those who need a helping hand this holiday season,” said Michael Hsing, CEO of Monolithic Power Systems (MPS). “We are seeing the same economic hardship as everyone else, but we decided to re-set our priorities and cancel our Holiday Party so that we could donate $20,000 to Second Harvest. We encourage other companies in the Bay Area to consider a similar gesture, as there are many people without any resources to turn to”.

“We are extremely grateful for this generous donation and touched by the commitment to the community that Monolithic Power Systems has demonstrated,” said Michelle Sklar, Senior Director of Development for Second Harvest. “We understand that corporations have been hurt by the current economic crisis, just like everyone else, but are still looking at meaningful and creative ways to support the communities that they are a integral part of. I hope this idea catches on.”

Second Harvest, which supports the food programs for 328 smaller-non profit agencies, has seen a 55% increase in requests for food assistance this holiday season.

“This holiday season is a critical time. No donation is too big or too small,” said Keith Flagler, CEO at Second Harvest. “We are asking everyone to give what they can. Because .96 cents of every dollar donated to the Food Bank is used to feed hungry people in our community, donors can be assured their contribution will be put to its intended use.”

A check presentation will take place:
Friday, December 12
2:00 – 2:30pm
Monolithic Power Systems
6409 Guadalupe Mines Road, San Jose

Because of the high cost of living in Santa Clara and San Mateo Counties, people often have to choose between paying for housing, utilities, transportation, medical expenses and buying enough nutritious food to feed themselves and their families. Second Harvest Food Bank provides the people need to sustain their lives so they don’t have to make that choice. Last year alone, Second Harvest distributed 34.6 million pounds of food to 176,000 low-income individuals each month; 67% are families with children and 12% are seniors.

Contact Information

Lynn Crocker

PR

Second Harvest Food Bank

Contact via E-mail