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Folds of Honor gets big commitment from Rite Aid Foundation

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CAMP HILL, Pa. — The Rite Aid Foundation’s KidCents program has made a three-year, $6 million commitment to Folds of Honor, a nonprofit group based in Owasso, Okla., that provides educational scholarships to children of fallen or disabled service members.

The donation is the second made to Folds of Honor by The Rite Aid Foundation’s KidCents program. It previously awarded more than $1.3 million to the organization in 2015 to support educational scholarships for children of fallen or disabled service members in the communities served by Rite Aid Corp.

Ken Martindale, corporate president and chief executive officer of Rite Aid stores, who also serves as president of The Rite Aid Foundation, announced the donation over the Memorial Day weekend with Major Dan Rooney, Folds of Honor’s founder, during the Patriot Cup Invitational, the organization’s annual golf tournament and gala.

At the event, Folds of Honor also announced a new initiative, DreamShip, to raise awareness and inspire people nationwide to support the organization. The Rite Aid Foundation is supporting DreamShip in its inaugural launch, slated for later this year.

A fully operational hot air balloon, DreamShip will raise awareness about Folds of Honor as it travels the country, serving as a symbol of the commitment made by the organization, its partners and donors, to honor the nation’s fallen and disabled service members and their families.
The fabric of the hot air balloon, which stands eight stories high, will showcase artwork created by Folds of Honor scholarship recipients.

“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,” Martindale commented. “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.”


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