The Rite Aid Foundation Awards Nearly $2 Million to Folds of Honor Scholarship Recipients Through KidCents
September 18 2019 - 10:00AM
Business Wire
New Round of Scholarships Launches Second,
Three-Year Commitment to Folds of Honor
The Rite Aid Foundation announced today that 390 students have
been selected as 2019 Folds of Honor Educational Scholarship
recipients through its KidCents program. This year’s scholarships,
which total more than $1.9 million, begin a three-year, $6 million
commitment to Folds of Honor, a nonprofit organization that
provides educational scholarships to children and spouses of fallen
or disabled service members.
This new three-year commitment is The Rite Aid Foundation’s
third contribution to Folds of Honor. Since 2015, The Rite Aid
Foundation has awarded $7.2 million to the organization, including
$1.3 million in 2015 and another three-year, $6 million commitment
in 2016.
“Over the last four years, The Rite Aid Foundation has awarded
more than 1,500 scholarships to the families of fallen or disabled
military heroes. These scholarships don’t just provide educational
support, they also give hope to military families for better lives
and brighter futures,” said Bryan Everett, chief operating officer,
Rite Aid and president of The Rite Aid Foundation. “The
scholarships help set these children up for future academic growth
and success by providing everything from after-school tutoring to
tuition to special music education programs. There’s no better way
to honor the tremendous sacrifice of our military heroes than by
helping their children achieve their dreams.”
Rite Aid associates will recognize select scholarship recipients
during in-store celebration events over the next several weeks.
“Folds of Honor could not ask for a more dedicated partner than
The Rite Aid Foundation. We are extremely grateful for their
tremendous support and commitment to our cause over the last four
years,” said Major Dan Rooney, founder, Folds of Honor. “The Rite
Aid Foundation and Rite Aid’s associates across the nation have
taken on our mission as their own and worked tirelessly to honor
the sacrifices made by our service men and women, and their
families.”
The Rite Aid Foundation awards Folds of Honor scholarships
through its KidCents program, which is one of The Rite Aid
Foundation’s charitable giving programs dedicated to improving the
health and well-being 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, which generated fiscal 2019 annual revenue
of $21.6 billion, is one of the nation's leading drugstore chains
with 2,466 stores in 18 states and pharmacy benefit management
(PBM) capabilities through EnvisionRxOptions and its affiliates. At
Rite Aid, we have a personal interest in our patient's health and
wellness and deliver the products and services they need to lead
healthier lives. 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 U.S. territories, including
approximately 4,000 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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version on businesswire.com: https://www.businesswire.com/news/home/20190918005555/en/
Rite Aid Chris Savarese 717-975-5718
Christopher.Savarese@riteaid.com
Folds of Honor Sarah Mellema 312-888-2103
sarah.mellema@kemperlesnik.com
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