Over the Memorial Day weekend, The Rite Aid Foundation announced a three-year, $6 million commitment to Folds of Honor, a nonprofit organization that provides educational scholarships to children of military service members who have been killed or seriously wounded while serving the country.
Bill Renz, Rite Aid’s svp/category management and marketing and a member of The Rite Aid Foundation board, announced the latest donation alongside Major Dan Rooney, Folds of Honor founder, during the Patriot Cup Invitational, the organization’s annual golf tournament and gala that celebrates the nation’s heroes and military families and raises funds for Folds of Honor.
“We are proud to continue our partnership with Folds of Honor and help advance the important work we are doing together,” said Renz. “Since first partnering with Folds of Honor in 2015, The Rite Aid Foundation has awarded nearly 1,600 educational scholarships totaling over $7 million to the families of our military heroes. We know these scholarships make a meaningful difference in the lives of the families who receive them, and we look forward to making an even greater impact over the next three years.”
The Rite Aid Foundation awards Folds of Honor scholarships through its KidCents program, which is the Rite Aid Foundation’s charitable-giving program dedicated to improving the health and wellbeing of children living in the communities Rite Aid serves. Through the KidCents program, members of Rite Aid’s loyalty program, wellness+ rewards, can round up their in-store or online purchases to the nearest dollar and donate their change to KidCents. Through KidCents’ Step Up Fund, The Rite Aid Foundation provides a matching donation.