The Home Depot to Donate $1 Million to Support Campus Improvements at Historically Black Colleges and Universities
The Home Depot ® will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (“HBCUs”) through its annual Retool Your School program, for which voting is now open. Established in 2009, the program has emphasized HBCUs’ vital role in the American higher education system. This year, the home improvement retailer is doubling its Retool Your School commitment to fund 30 projects, providing $20,000 to $75,000 grants per school.
HBCU students, alumni and advocates can vote for their favorite HBCUs through Twitter and Instagram using the school’s designated hashtag found at retoolyourschool.com or through the voting portal also on the website. There are three school clusters, based on student population, and the ten schools with the most votes per cluster will be awarded the campus improvement grants. Voting is unlimited and ends on March 15, 2021 at 11:59 a.m. EST.
“Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,” said Derek Bottoms, chief diversity, equity & inclusion officer for The Home Depot. “In addition to other HBCU initiatives supported by The Home Depot over the years, we are doubling our Retool Your School commitment to $1 million for 2021. We are ensuring that, upon their return to campus, HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders.”
Retool Your School has provided more than $3.1 million for 117 sustainable campus improvement projects for 87% of the nation’s HBCUs. In total, more than 36 million votes have been cast in support of participating schools.
Winners will be announced in April 2021. For more information on The Home Depot’s Retool Your School, visit retoolyourschool.com.
About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,296 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The company employs more than 400,000 associates. The Home Depot’s 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.
Source: The Home Depot, Inc.