Amid COVID-19 Crisis, Rayonier Advanced Materials’ Charitable Foundations Contribute over $160,000 to Local Nonprofits

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Amid COVID-19 Crisis, Rayonier Advanced Materials’ Charitable Foundations Contribute over $160,000 to Local Nonprofits

Apr 30, 2020

The Company Focuses Funds on Food and Mental Health Service Organizations

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Apr. 30, 2020-- Amid the COVID-19 pandemic, Rayonier Advanced Materials (NYSE: RYAM) through its two independent charitable foundations in the U.S. and Canada contributed over $160,000 to 23 local nonprofits that are addressing community needs in rural Florida, Georgia, Ontario and Quebec.

“Weathering this crisis means pulling together,” said Paul Boynton, President and Chief Executive Officer at Rayonier Advanced Materials. “It’s our responsibility to help our neighbors in need. These nonprofits are doing critical work assisting those who need it most. The Company and its employees are proud to support them.”

The local nonprofits organizations were selected according to their mission and need. RYAM worked with local governments to identify nonprofits that reach the most vulnerable residents during this difficult time. Some of the selected organizations offer food assistance to residents, while others serve senior citizens, provide mental health services or shelter victims of domestic abuse.

“We know these gifts will make a difference,” said Jay Posze, President of the RYAM foundations, “not only by providing these deserving nonprofits with some much-needed assistance, but also by spotlighting the truly indispensable work they do. We hope others are encouraged to give as well.”

RYAM’s lending partner, CoBank, a national cooperative bank serving vital industries across rural America, is also providing $10,000 in additional funds through its 2020 Sharing Success program for selected organizations—which provides dollar-for-dollar matches of donations by eligible customers to nonprofit organizations in rural communities across the country.

“Over many years, we have found that the most impactful way for CoBank to deploy charitable funds is to do so in partnership with customers, employees and other Farm Credit institutions,” said Tom Halverson, CoBank’s president & chief executive officer. “That is the approach we have adopted with COVID-19. We appreciate the opportunity to partner with Rayonier Advanced Materials to support these important relief efforts."

Foundation Contributions:

Wayne County, GA
Tabitha’s Place
Wayne County Family Connections
Good Samaritan Center
Fair Haven Shelter

Nassau County, FL
Barnabas
Council on Aging
Salvation Army Hope House
Micah’s Place
Starting Point

Jacksonville, FL
Hubbard House

Quebec and Ontario
Association Place au Soleil
Nipissing Transition House
Samaritain du Nord
Fondation du Centre
Table des aînés
Entretoise
Maison St-André
Corporation de la maison
Kapuskasing Food Bank
Cochrane Food Bank
Chapleau Food Bank
The Table Food Bank
Salvation Army Huntsville

About Rayonier Advanced Materials

Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications. The Company also manufactures products for lumber, paper and packaging markets. With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs just over 4,000 people and generates approximately $1.8 billion of revenues. More information is available at www.rayonieram.com.

Media Ryan Houck 904-357-9134 (Media@Rayonieram.com)

Source: Rayonier Advanced Materials