Sep 18, 2017   SOURCE: BusinessWire

Rite Aid Foundation Awards More Than $2 Million to Folds of Honor Scholarship Recipients Through KidCents

The Rite Aid Foundation announced today that 428 students have been selected as 2017 Folds of Honor scholarship recipients through its KidCents program. The scholarships, totaling more than $2 million, are the second round of scholarships to be awarded by The Foundation’s KidCents program as part of a previously announced three-year, $6 million commitment to Folds of Honor, a nonprofit organization that provides educational scholarships to children of fallen or disabled service members.

“The sacrifices of our military heroes and their families are great and while no words will ever fully express our gratitude, The Rite Aid Foundation remains committed to providing educational support to the children helped by Folds of Honor,” said Tracy Henderson, director of The Rite Aid Foundation and charitable giving initiatives. “We’re proud to honor each of this year’s more than 400 scholarship recipients, the largest group of recipients since our partnership with Folds of Honor began in 2015, and we look forward to working with the organization and honoring our military heroes by educating their legacy.”

Starting this week and through October 20, Rite Aid associates will recognize students receiving the scholarships during special in-store celebration events. In addition to the scholarship, each student will receive a commemorative certificate and Rite Aid gift card.

Including this year’s scholarships, to date, The Rite Aid’s Foundation’s KidCents program has awarded nearly $5.2 million to fund educational scholarships through Folds of Honor.

“The support we’ve received from The Rite Aid Foundation’s KidCents program, Rite Aid associates and customers is second to none and has made a true and meaningful difference in the lives of nearly 600 Folds of Honor students and families across our great country,” said Major Dan Rooney, Folds of Honor Founder. “Together with The Rite Aid Foundation, Folds of Honor will answer our call of duty by serving the children of our military heroes, making sure they and their loved ones – true American heroes – aren’t forgotten.”

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 440 nonprofit organizations focused on improving the health and wellbeing of children. For more information, visit www.kidcents.com.

Since its inception in 2001, The Rite Aid Foundation has awarded more than $32 million to non-profit organizations. Additionally, Rite Aid, through the efforts of its customers, supplier partners and associates, has also raised more than $81 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 more than 4,500 stores in 31 states and the District of Columbia and fiscal 2017 annual revenues of $32.8 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 while on active duty in the United States armed forces. Our educational scholarships support private education tuition and tutoring for children in grades K-12, as well as higher education tuition assistance for spouses and dependents. Founded in 2007 by Major Dan Rooney, a PGA member and F-16 fighter pilot currently stationed at Tyndall AFB Florida as a member of 301st Fighter Squadron who served three tours of duty in Iraq, Folds of Honor is proud to have awarded more than 16,000 scholarships in all 50 states, as well as Guam, Puerto Rico and the Virgin Islands, including more than 3,500 in 2016 alone. For more information or to donate in support of a Folds of Honor scholarship, visit www.foldsofhonor.org.