(Memphis, TN) The PepsiCo Foundation, the philanthropic arm of PepsiCo Inc., has earmarked $7 million for communities of color — which have been hit particularly hard during COVID-19 — in cities across the country. Memphis will receive $500,000 from the fund. The funds will be distributed through the Community Foundation of Greater Memphis and will go to Share our Strength’s No Kid Hungry campaign and the Children’s Health Fund.