Bank of America gave $50,000 to the Los Angeles Regional Foodbank Saturday as 150 of its employees assembled about 1,000 packages of food for low-income senior citizens, according to Intersections, The South Los Angeles Reporting Project at USC.

The Los Angeles Regional Foodbank, a 96,000-square-foot facility in South Los Angeles, disburses 34 million pounds of food each year through a network of 875 distribution centers across Los Angeles County, according to reporter Jennifer Chapski.

The seniors who will receive the bags of food are part of the Commodity Supplemental Food Program "designed to provide them with a pretty substantial amount of food on a monthly basis, so it can prevent them from going hungry,” Los Angeles Regional Foodbank President and CEO Michael Flood said.

Foodbank Communications Director Darren Hoffman said recent donations are "not enough to meet the demand that’s out there.”

In 2008, the Bank of America Charitable Foundation donated $200 million to charities, a record for a financial institu.... This year the bank pledged to donate $2 billion over the next 10 years to nonprofit organizations “engaged in improving the health and vitality of their neighborhoods.”