Rite Aid Foundation Awards $6 Million to Folds of Honor

Rite Aid Foundation Awards $6 Million to Folds of Honor

The Rite Aid Foundation in Camp Hill, Pennsylvania, has announced a $6 million donation to Folds of Honor in support of a program that provides scholarships to children of fallen or disabled veterans.

Awarded through the foundation's KidCents program, the three-year grant will support the Oklahoma-based organization's educational scholarship program, which has awarded more than ten thousand scholarships to family members of fallen or disabled service members. Folds of Honor was founded in 2007 by Maj. Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq. The grant is the foundation's second to Folds of Honor through the KidCents program, which enables Rite Aid customers to donate change to nonprofit organizations working to improve the health and well-being of children. In 2015, the program awarded more than $1.3 million to the veterans organization.

"The Rite Aid Foundation's KidCents program is honored by the opportunity to deepen our support of this incredible organization and bring our company's core value of being a caring neighbor to life in such a meaningful way," said Rite Aid president and CEO Ken Martindale. "Working closely with Folds of Honor over the past year, we've seen firsthand the fantastic difference they're making in the lives of children of fallen and disabled service members. We've been touched by their stories of how Folds of Honor has forever changed their lives and couldn't help but be compelled to do more for them and their families who have already sacrificed so much."