Kellogg Foundation invests millions into Happy Family
West Michigan buyers of organic children’s food could see a larger number of products coming their way.
The W.K. Kellogg Foundation announced Tuesday that it will invest a $4.6 million combination of equity and loans into Happy Family, a New York-based company that makes premium organic foods for young children.
These products are sold at local retail stores like Target, Meijer and Walmart.
According to a statement from the foundation, the decision was made to support the two organizations’ “shared vision to make healthy, high-quality food for young children more accessible to families that would normally consider these options too expensive.”
The investment is part of the Kellogg Foundation’s Mission Driven Investment program. Since its inception, MDI has allocated $100 million internationally in businesses with the mission of creating better living conditions for children. The foundation’s MDI investments are designed to deliver market-rate returns in order to grow the foundation's continued support for family communities.
The W.K. Kellogg Foundation is based in Battle Creek and is one of the largest philanthropic foundations in America.