The Rite Aid Foundation Announces Additional $6 Million Commitment to Folds of Honor
May 28 2019 - 9:55AM
Business Wire
Over the Memorial Day weekend, The Rite Aid Foundation announced
a three-year, $6 million commitment to Folds of Honor, a nonprofit
organization that provides educational scholarships to children of
military service members who have been killed or seriously wounded
while serving our country. This is The Rite Aid Foundation’s third
contribution to Folds of Honor. Since 2015, The Foundation has
awarded more than $13 million to the organization, including $1.3
million in 2015 and another three-year, $6 million commitment in
2016.
Bill Renz, Rite Aid’s senior vice president of category
management and marketing and a member of The Rite Aid Foundation
Board, announced the latest donation alongside Major Dan Rooney,
Folds of Honor Founder, during the Patriot Cup Invitational, the
organization's annual golf tournament and gala that celebrates the
nation's heroes and military families and raises funds for Folds of
Honor.
“We are proud to continue our partnership with Folds of Honor
and help advance the important work we are doing together,” said
Renz. “Since first partnering with Folds of Honor in 2015, The Rite
Aid Foundation has awarded nearly 1,600 educational scholarships
totaling over $7 million to the families of our military heroes. We
know these scholarships make a meaningful difference in the lives
of the families who receive them, and we look forward to making an
even greater impact over the next three years.”
Folds of Honor was 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. Since its inception, Folds of Honor has
awarded nearly 20,000 scholarships to the family members of fallen
or disabled service members.
“Since 2015, Rite Aid has been an incredible and steadfast
partner for Folds of Honor and we are incredibly thankful for their
continuous support,” said Major Dan Rooney. “Time and time again,
Rite Aid has proven themselves a caring neighbor to our nation’s
fallen or disabled service men and women and their families. We
cannot thank them enough for their tremendous support in helping
the children of our military heroes gain access to better
educational opportunities, and ultimately, brighter futures.”
The Rite Aid Foundation awards Folds of Honor scholarships
through its KidCents program, which is the Rite Aid Foundation’s
charitable-giving program dedicated to improving the health and
wellbeing of children living in the communities Rite Aid
serves.
Through the KidCents program, members of Rite Aid's loyalty
program, wellness+ rewards, can round up their in-store or
online purchases to the nearest dollar and donate their change to
KidCents. Members can also choose to direct their change to a
specific KidCents charity by visiting www.kidcents.com. Through
KidCents’ Step Up Fund, The Rite Aid Foundation provides a matching
donation of $500 for every $500 a charity raises in contributions
through the wellness+ rewards program, up to a maximum of
$5,000. For more information, visit www.kidcents.com.
About The Rite Aid Foundation:
Since its inception in 2001, The Rite Aid Foundation has awarded
more than $63 million to nonprofit organizations. Additionally,
Rite Aid, through the efforts of its customers, supplier partners
and associates, has also raised more than $92 million for
Children's Miracle Network Hospitals across the country since
1994.
About Rite Aid Corporation:
Rite Aid Corporation (NYSE: RAD) is one of the nation's leading
drugstore chains with fiscal 2019 annual revenues of $21.6 billion.
Information about Rite Aid, including corporate background and
press releases, is available through the company's website
at www.riteaid.com.
About Folds of Honor:
Folds of Honor is a 501(C)(3) nonprofit organization, rated a
four-star charity by Charity Navigator, 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. Folds of Honor 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, a PGA Professional and F-16
fighter pilot in the Air Force Reserves who served three tours of
duty in Iraq, Folds of Honor is proud to have awarded nearly 20,000
scholarships in all 50 states and some US territories, including
approximately 4,100 in 2018 alone. For more information or to
donate in support of a Folds of Honor scholarship, visit
www.foldsofhonor.org.
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Rite AidChris
Savarese717-975-5718Christopher.Savarese@riteaid.com
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