Rite Aid (NYSE: RAD) announced today that The Rite Aid Foundation is making a $25,000 donation to the American Red Cross Disaster Relief Fund to help the victims, families and communities affected by Hurricane Isaac.
“As people and communities start to rebuild in the wake of Hurricane Isaac, it’s important that they know they aren’t alone,” said Ken Martindale, Rite Aid’s Chief Operating Officer and President of The Rite Aid Foundation. “One of Rite Aid’s core values is to be a caring neighbor in the communities we serve and we are proud to partner with the American Red Cross to help those most affected by Hurricane Isaac.”
“The American Red Cross is so thankful for The Rite Aid Foundation’s generous donation as we work to provide both help and hope to the people affected by the devastation of Hurricane Isaac,” said Neal Litvak, Chief Development Officer of the American Red Cross. “The Red Cross is proud of its long-standing relationship with The Rite Aid Foundation and applauds its continued commitment to helping those in their time of need.”
Nearly all Rite Aid pharmacies affected by the powerful storm in Alabama, Louisiana and Mississippi are open and serving the prescription and merchandise needs of the local residents Rite Aid has increased staffing in stores throughout the region to assist local residents. The company is working closely with local authorities to reopen any of its locations closed due to power outages.The Rite Aid Foundation, founded in July 2001, is a not-for-profit foundation dedicated to helping people in the communities Rite Aid serves. Since its inception, The Rite Aid Foundation has awarded grants totaling more than $14.3 million to approximately 1250 organizations in 629 communities. For more information on The Rite Aid Foundation, visit www.riteaid.com. Rite Aid Corporation is one of the nation’s leading drugstore chains with more than 4,600 stores in 31 states and the District of Columbia and fiscal 2012 annual revenues of $26.1 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.
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