CAMP HILL, Pa.--(BUSINESS WIRE)--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.