Vanguard Crew Takes the Bite Out of the Recession

Donating 200 Tons of Food and Personal Items to Families in Need
--(Business Wire)--
Vanguard:

WHAT: Vanguard employees will load 485,000 cans of donated food, as well as personal-care and pet food items, onto trucks for distribution to local families in need as part of the company`s 13th annual "All Cans on Deck" drive. Representatives from local nonprofit organizations, including Philabundance, Chester County Food Bank, the Salvation Army, and the Community Action Development Commission of Montgomery County (CADCOM) will be on hand to accept the donations.

WHERE: Vanguard (warehouse facility)
400 Devon Park Drive
Wayne, PA 19087

WHEN: Thursday, July 16, 2009
Best Photo Time: 12:30-1:30 p.m., as trucks are loaded

DETAILS: The mid-year food drive was one of Vanguard`s most successful, with 722,746 food and personal-care items donated by employees across Vanguard's three U.S. locations in Pennsylvania, North Carolina, and Arizona. In total, Vanguard employees have donated 4 million items to their local communities since the annual drive began in 1997.

The tough economic climate made this year`s drive critical. Philabundance, the
region`s largest hunger relief organization, has seen a near 25% increase in
need for emergency food since last year, citing increasing unemployment and
underemployment, the rising cost of food, mortgage/rent and fuel costs, and
inadequacy of food stamp benefits as key contributors. (Feeding America Local
Impact Survey, December 2008.)

Vanguard`s "All Cans on Deck" program benefits food banks and agencies that
assist children and families, including Philabundance (Greater Philadelphia Food
Bank), Chester County Food Bank (West Chester), Cluster Outreach Center
(Pottstown), the Salvation Army (Upper Darby), and CADCOM (Norristown). These
groups have an especially critical need for donations during the summer months
when school-based nutrition programs are on hiatus.

About Vanguard

Vanguard, headquartered in Valley Forge, Pennsylvania, is Chester County`s
largest employer, with more than 9,000 employees in the Delaware Valley and
12,000 nationwide. Vanguard is one of the world`s largest investment management
companies and a leading provider of company-sponsored retirement plan services.
Vanguard manages more than $1.1 trillion in U.S. mutual fund assets, including
nearly $490 billion in retirement assets. Vanguard offers more than 150 funds to
U.S. investors and more than 50 additional funds in non-U.S. markets.

Vanguard
Joshua R. Grandy, 610-503-7356
Rebecca Cohen, 610-503-2273
Linda S. Wolohan, 610-503-2947

Visit Vanguard`s pressroom at www.vanguard.com/pressroom

Copyright Business Wire 2009