MINNEAPOLIS, March 14, 2015 /PRNewswire/ -- The Valspar
Corporation's extraordinary week of Habitat news and activities
continues at the Valspar Championship, an official PGA TOUR event
at Innisbrook Resort. At the Valspar Color Experience, an
interactive area located behind the 18th green, Valspar
Championship attendees have the opportunity to help Habitat for
Humanity of Pinellas County receive up to $15,000 of additional support from Valspar. For
every putt made at the "Valspar Putt for Habitat Challenge,"
Valspar will donate $5.
For the second year since its sponsorship of the Valspar
Championship, Valspar again joined forces with Habitat Pinellas and
the PGA TOUR Wives Association. This year, a new neighborhood park
was donated to the Stevens Creek community of homes that Habitat
volunteers have been erecting the past few years in Clearwater, Florida. With a cut of a
ribbon, "Chameleon Commons," named in honor of the colorful Valspar
mascot, was officially unveiled. The park is a gift made possible
by proceeds from last year's Valspar Championship.
Following the park dedication, Valspar executives and PGA TOUR
Wives brought the transformative power of color to life through
their volunteer painting at two homes in the Stevens Creek
neighborhood. To date, Valspar has donated 13,000 gallons paint for
the more than 200 Habitat homes built in Pinellas County.
Valspar is committed to helping transform every house into a
home by providing paint for all Habitat homes built in the United States.
On March 11, 2015, Valspar
announced a new five-year pledge of $36
million in paint and funding to Habitat for Humanity. The
pledge includes a $2 million
contribution from the Valspar Corporation Foundation. Valspar
donated more than $6 million in paint
and $350,000 to support Habitat's
affordable housing work in 2015, and anticipates maintaining this
level of support through 2019.
"Valspar is proud to provide volunteers, paint and funding to
assist Habitat affiliates with the construction, repair and
rehabilitation of decent, safe and affordable housing," said
Gary E. Hendrickson, Valspar CEO and
Chairman. "Valspar's long-standing partnership with Habitat has
helped transform and improve communities across this nation.
Neighborhoods matter and we're on it."
As Habitat's national paint partner, Valspar provided Habitat
affiliates with 2.2 million gallons of paint by the end of 2014,
bringing total cash and paint donations to more than $60 million since 2002.
About Valspar
The Valspar Corporation (NYSE: VAL) is a global leader in the
paint and coatings industry with over 10,500 employees in more than
25 countries. Since 1806, Valspar has been dedicated to bringing
customers the latest innovations, the finest quality and the best
customer service in the coatings industry. For more information,
visit www.valspar.com.
About Habitat for Humanity of Pinellas County
Since 1985, Habitat for Humanity of Pinellas County has
constructed 322 homes for struggling families in Pinellas County,
using locally raised funds. Volunteers and the future homeowners
construct the homes, which are sold at no profit and financed with
a zero-interest loan. Habitat Pinellas homeowner candidates earn 30
to 80 percent of area median income. For Pinellas County, that
translates to as little as $22,500 a
year for a family of four. Candidates must also demonstrate need
for adequate shelter; ability to pay back a zero-interest loan and
willingness to partner with Habitat Pinellas to invest 250 to 350
sweat equity hours. Mortgage monies are used to build even more
homes, making each donation to Habitat a perpetual legacy to the
community. Habitat believes that home ownership contributes to
family stability, leading in turn to community stability.
Additionally, Habitat Pinellas raises funds through their ReStore,
a home improvement outlet where donated household and building
items are sold to the public. For more information, visit
www.HabitatPinellas.org.
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SOURCE Valspar Corporation