ATLANTA, Sept. 20 /PRNewswire-FirstCall/ -- The Home Depot(R), the world's
largest home improvement retailer, today launched Rebuilding Hope & Homes, the
second phase of its philanthropic response to communities affected by
Hurricane Katrina. Through customer contributions and a match of up to
$1 million by The Home Depot, Rebuilding Hope & Homes will fund health and
human service programs for disaster victims, and support the construction and
refurbishment of affordable housing for individuals and families displaced by
the storm. With approximately 1.3 billion customer transactions a year, The
Home Depot seeks to empower its customer base to assist in this unprecedented
rebuilding effort. Customers will have the opportunity to make $1, $5 or $10
donations to the program at any U.S. store.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO )
Half of the donated and matched funds will go to the United Way of
America. The United Way will utilize its grant within its local chapters to
fund the services they are providing to those affected by the storm. The other
half will go to The Home Depot Foundation, which, over the next several
months, will provide funds to nonprofit organizations working to rebuild
communities devastated by the storm and to construct affordable housing for
individuals of low to moderate income who were displaced by Hurricane Katrina.
During the first phase of its response, The Home Depot, its suppliers, The
Homer Fund and The Home Depot Foundation donated nearly $4 million to the
communities affected by Hurricane Katrina. On Aug. 31, The Home Depot
announced a combined donation of $400,000 to the American Red Cross and The
Salvation Army for immediate disaster relief and recovery. The company also
made a $600,000 donation to support volunteer mobilization to the affected
areas. The Home Depot Foundation announced an additional donation of $500,000
to nonprofit organizations that produce and rehabilitate affordable housing in
the affected areas.
To date, The Home Depot and its suppliers have partnered to donate nearly
$1.25 million of products - generators, gloves, food, linens, flashlights and
batteries - to those areas in need. In addition, The Homer Fund, a charitable
fund that provides financial assistance to The Home Depot's own associates who
encounter hardship, has made more than 1,500 grants totaling more than
$1.4 million to affected associates.
"Our initial direct cash contribution to the American Red Cross, The
Salvation Army and other emergency management agencies was made to meet the
immediate need of those affected communities," said Bob Nardelli, chairman,
president & CEO of The Home Depot. "With Rebuilding Hope & Homes, we can
channel the support of our large and loyal customer base to help fund the
largest long-term rehabilitation and rebuilding project in our country's
history."
In addition to these efforts, The Home Depot will be donating 300,000
volunteer hours to communities across North America as part of the Corporate
Month of Service in September. As previously announced, initial projects
scheduled in communities affected by Hurricane Katrina are being refocused,
and resources will be used to assist in the cleanup and rebuilding efforts of
those communities.
This shift in projects will result in a donation of approximately 10,000
volunteer hours from the company's associates, as well as an additional
contribution of more than $200,000 in materials from the company. Last week in
Houston, 400 volunteers refurbished Shearn Elementary School, which is hosting
15 evacuee students from New Orleans. Stores in Monroe and Shreveport, La.,
will be donating their time to a local emergency supplies warehouse to hand
out supplies and toiletries to displaced citizens. Also, volunteers from
metro-Atlanta stores are planning to make their services available to The
Salvation Army's warehouse in East Point, Ga.
The Home Depot also has set aside $250,000 for community grants to
nonprofit organizations assisting in the immediate recovery and rebuilding
efforts of the affected areas. Nonprofit organizations can visit
http://www.homedepot.com/katrina to apply for these grants.
The Home Depot has offered any associate who has been displaced by
Hurricane Katrina the opportunity to continue employment at any The Home Depot
store. To date, approximately 500 associates have been employed in other
stores across the country. Also, in an effort to give affected associates time
to get their personal situation under control and still serve our communities,
the company has brought in relief workers to help staff the stores in the
affected areas. Thus far, the company has coordinated the transport and
lodging for nearly 2,000 relief associates.
Founded in 1978, The Home Depot(R) is the world's largest home improvement
specialty retailer and the second largest retailer in the United States, with
fiscal 2004 sales of $73.1 billion. The company employs approximately 325,000
associates and has 1,949 stores in 50 states, the District of Columbia, Puerto
Rico, 10 Canadian provinces and Mexico. The company has announced plans for
retail expansion into China. The Home Depot has been recognized by Fortune as
the No. 1 Most Admired Specialty Retailer for 2005. Its stock is traded on the
New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial
average and Standard & Poor's 500 index. HDG
SOURCE The Home Depot
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Related links:
http://www.homedepot.com
http://www.homedepot.com/katrina
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Ron Defeo, Public Relations Manager of The
Home Depot, +1-770-384-3179, or ron_defeo@homedepot.com
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