The Rite Aid Foundation’s KidCents Program Donates $1.3 Million to Folds of Honor
May 26 2015 - 9:00AM
Business Wire
Donation Will Help Folds of Honor Provide
Educational Scholarships to Children of Fallen and Disabled
Veterans
The Rite Aid Foundation’s KidCents program will donate $1.3
million to Folds of Honor, a nonprofit organization based in
Owasso, Okla., dedicated to providing educational scholarships to
children of fallen or disabled veterans. The donation was announced
in Owasso over Memorial Day weekend during Folds of Honor’s annual
Patriot Cup Invitational, a golf tournament and gala celebrating
our nation’s heroes and raising funds for Folds of Honor.
“It is truly an honor for The Rite Aid Foundation’s KidCents
program to join forces with an outstanding organization such as
Folds of Honor,” said Ken Martindale, Rite Aid president and chief
operating officer who also serves as president of The Rite Aid
Foundation. “The Foundation’s donation to Folds of Honor not only
brings the mission of The Rite Aid Foundation to life, but most
importantly, it will also help the organization continue to make a
lasting difference in the lives of children whose parents have made
the ultimate sacrifice while serving our country.”
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
raised more than $70 million and awarded nearly 8,000 scholarships
to the family members of fallen or disabled veterans.
“With support from partners like The Rite Aid Foundation, our
organization is able to honor the sacrifice of our service men and
women by ensuring that no child or family is left behind when they
lose a parent while serving our country,” said Major Dan Rooney.
“We are proud and humbled to be welcomed into the Rite Aid
Foundation’s KidCents’ family and look forward to working with Rite
Aid, its associates and customers to help those we serve achieve
their educational goals.”
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 300 nonprofit organizations focused on
improving the health and wellbeing of children.
In addition to the donation, Folds of Honor is also able to
receive round-up donations from Rite Aid customers through the
KidCents program. To learn how to designate your change to Folds of
Honor, visit www.kidcents.com.
Since its inception in 2001, The Rite Aid Foundation has awarded
nearly $20 million to non-profit organizations. Additionally, Rite
Aid, through the efforts of its customers, supplier partners and
associates, has also raised more than $65 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 2015 annual revenues of $26.5
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 in combat while serving in
the United States armed forces. For more information, visit
www.foldsofhonor.org.
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version on businesswire.com: http://www.businesswire.com/news/home/20150526005548/en/
Rite AidAshley Flower, 717-975-5718orFolds of HonorMegan
Godfrey, 708-214-4287
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