Rite Aid to Kick off Month-Long Celebration Honoring KidCents Scholarship Recipients Starting September 9
September 09 2015 - 8:30AM
Business Wire
Scholarships Funded through Rite Aid
Foundation’s $1.3 Million Donation to Folds of Honor
During the month of September, Rite Aid associates nationwide
will honor 274 students who have been named recipients of Folds of
Honor educational scholarships provided by The Rite Aid
Foundation’s KidCents program. The $1.3 million donation to Folds
of Honor, a nonprofit organization based in Owasso, Okla.,
dedicated to providing educational scholarships to children of
fallen or disabled veterans, was first announced in May during
Folds of Honor’s annual Patriot Cup Invitational.
Rite Aid CEO of Stores and President of Rite Aid Corporation Ken
Martindale, who also serves as president of The Rite Aid
Foundation, and Major Dan Rooney, CEO and Founder of Folds of
Honor, will kick off the month of recognition by presenting 18
students from the greater Virginia Beach area with scholarships
totaling $90,000. The presentation will take place today at the
Rite Aid store located at 897 Lynnhaven Parkway in Virginia Beach
at 10 a.m.
“There’s no better place for us to begin our month-long
recognition of the KidCents scholarships recipients than Virginia
Beach, a community that holds the men and women who serve our
country, and their families, in the highest regard,” said
Martindale. “I know I speak for Rite Aid associates everywhere when
I say that to have an opportunity to meet the young scholars and
their families, and to hear their stories and listen to them talk
about their educational aspirations, is truly an honor. The Rite
Aid Foundation is proud to be able to support these students and we
look forward to celebrating their continued successes through our
partnership with Folds of Honor.”
“Today is a proud moment for the Folds of Honor organization and
those we serve,” said Rooney. “Folds of Honor stands proudly with
The Rite Aid Foundation in recognizing the KidCents scholars across
Virginia Beach and the surrounding area as well as the more the 250
students nationwide receiving scholarships. We are honored to be
collaborating with The Rite Aid Foundation and are so appreciative
of their generous donation, which is helping to fulfill the
educational dreams of our American military families.”
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.
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.
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 $21 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 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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Rite Aid CorporationMEDIA:Ashley Flower, 717-612-0136
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