Rite Aid Foundation’s KidCents Program Awards Nearly $2 Million to More Than 400 Folds of Honor Scholarship Recipients
September 12 2016 - 10:05AM
Business Wire
Scholarships Part of Foundation’s Three-Year,
$6 Million Commitment to Folds of Honor
The Rite Aid Foundation announced today that more than 400
students have been named recipients of Folds of Honor educational
scholarships through its KidCents program. Totaling more than $1.8
million, this is the first round of scholarships to be awarded as
part of The Rite Aid Foundation’s previously announced three-year,
$6 million commitment to Folds of Honor, a nonprofit organization
based in Owasso, Oklahoma, dedicated to providing educational
scholarships to children of fallen or disabled service members.
From now through October 14, Rite Aid associates will recognize
students receiving the scholarships during special in-store
celebration events. In addition to the scholarship, each student
will receive a commemorative certificate and Rite Aid gift
card.
“It’s exciting to see The Rite Aid Foundation’s relationship
with Folds of Honor continue to grow and we are especially thrilled
to increase our level of support by providing an even greater
number of educational scholarships to these most-deserving
students,” said Ken Martindale, Rite Aid CEO of stores, president
of Rite Aid Corporation and president of The Rite Aid Foundation.
“We are proud to stand with Folds of Honor and look forward to
doing even more with this incredible organization in honor of our
country’s military heroes and their families.”
“Only through the generosity of partners like The Rite Aid
Foundation is Folds of Honor able to deliver on its mission of
honoring our nation’s heroes through education,” said Major Dan
Rooney, Folds of Honor Founder. “Our scholars and their families
are so grateful for The Rite Aid Foundation’s unwavering commitment
and continued support. Together, we are making sure that every
Folds of Honor scholarship recipient is able to pay tribute to the
sacrifice and legacy of their parent through their pursuit of
academic excellence.”
KidCents was developed by The Rite Aid Foundation to provide
Rite Aid customers an opportunity to do even more to help the kids
in the communities Rite Aid serves. Through KidCents, members of
Rite Aid's wellness+ with Plenti program can round up their
in-store or online purchases to the nearest dollar and give their
change to one of more than 360 nonprofit organizations focused on
improving the health and wellbeing of children. For more
information, visit www.kidcents.com.
Since its inception in 2001, The Rite Aid Foundation has awarded
more than $27 million to non-profit organizations. Additionally,
Rite Aid, through the efforts of its customers, supplier partners
and associates, has also raised more than $75 million for
Children's Miracle Network Hospitals across the country since
1994.
Rite Aid Corporation (NYSE: RAD) is one of the nation's leading
drugstore chains with nearly 4,600 stores in 31 states and the
District of Columbia and fiscal 2016 annual revenues of $30.7
billion. Information about Rite Aid, including corporate background
and press releases, is available through the company's website at
www.riteaid.com.
Folds of Honor is a 501(C)(3) nonprofit organization that
provides educational scholarships to families of military men and
women who have fallen or been disabled while on active duty in the
United States armed forces. Our educational scholarships support
private education tuition and tutoring for children in grades K-12,
as well as higher education tuition assistance for spouses and
dependents. Founded in 2007 by Major Dan Rooney, an F-16 fighter
pilot in the Oklahoma Air National Guard who served three tours of
duty in Iraq, Folds of Honor is proud to have awarded more than
10,000 scholarships in all 50 states, as well as Guam, Puerto Rico
and the Virgin Islands, including more than 2,500 in 2015 alone.
For more information or to donate in support of a Folds of Honor
scholarship, visit www.foldsofhonor.org.
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version on businesswire.com: http://www.businesswire.com/news/home/20160912005877/en/
MEDIA:Rite AidAshley Flower, 717-975-5718orFolds of HonorKelsey
Costales, 562-552-2597
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