Rite Aid Foundation Awards $2 Million to Support Folds of Honor Scholarships Through KidCents
September 17 2018 - 9:30AM
Business Wire
422 Children of Fallen or Disabled Service
Members to Receive Educational Scholarships
The Rite Aid Foundation announced today that 422 students have
been selected as 2018 Folds of Honor educational scholarship
recipients through its KidCents program. This year’s $2 million
award completes 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.
“Education plays such an important role in a child’s wellbeing
and development, and we’re pleased to be honoring the tremendous
sacrifice of our military heroes by helping their children have the
educational foundation they need to achieve their dreams,” said
Kermit Crawford, president and chief operating officer of Rite Aid
Corporation and president of The Rite Aid Foundation. “Since first
partnering with Folds of Honor in 2015, we have awarded over 1,500
scholarships totaling more than $7.1 million to the families of our
military heroes. While it’s just a small token of our gratitude, we
know these scholarships will make a meaningful difference in the
lives and futures of these families.”
Starting this week, Rite Aid associates will begin recognizing
select scholarship recipients during special in-store celebration
events. In addition to the scholarship, students will receive a
commemorative certificate.
“The Rite Aid Foundation has been an extraordinary partner in
our mission to educate the legacy of our fallen and disabled
service members,” said Major Dan Rooney, Folds of Honor Founder and
CEO. “Rite Aid, its associates and customers have taken on our
mission as their own and worked tirelessly to honor the sacrifices
of our military men and women, their families and children. These
scholarships don’t just provide educational support, they give hope
to military families when they need it the most.”
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 loyalty program,
wellness+ rewards, can round up their in-store or online
purchases to the nearest dollar and give their change to one of
more than 440 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 $40 million to non-profit organizations. Additionally,
Rite Aid, through the efforts of its customers, supplier partners
and associates, has also raised more than $87 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 fiscal 2018 annual revenues of $21.5 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, a PGA member and
F-16 fighter pilot currently stationed at Tyndall AFB Florida as a
member of 301st Fighter Squadron who served three tours of duty in
Iraq, Folds of Honor is proud to have awarded more than 16,000
scholarships in all 50 states, as well as Guam, Puerto Rico and the
Virgin Islands, including more than 3,500 in 2017 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/20180917005385/en/
Rite AidPeter Strella, 717-975-5718pstrella@riteaid.comorFolds
of HonorSarah Mellema,
312-888-2103sarah.mellema@kemperlesnik.com
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