The Home Depot Announces Winners of Retool Your School Historically Black Colleges and Universities Grant Program

Rhea-AI Summary

The Home Depot has announced its commitment to $1 million for the 12th year of the Retool Your School program, supporting 30 campus improvement projects at Historically Black Colleges and Universities (HBCUs), marking the highest number of projects funded in a single year. Tougaloo College was awarded $120,000 for its Campaign of the Year. The virtual winners ceremony took place on April 14, 2021, hosted by Laz Alonso, and featured keynote speaker Ruth E. Carter. Since 2009, The Home Depot has invested over $4 million for improvements at 87% of U.S. HBCUs.

Positive

• Increased funding of $1 million for HBCUs, the highest annual investment to date.
• Funding supports 30 projects this year, enhancing educational environments.

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• None.

ATLANTA, April 15, 2021 /PRNewswire/ -- For the 12th year of Retool Your School, The Home Depot^® is doubling its commitment to $1 million and tripling its impact. This year, 30 campus improvement projects will be funded at Historically Black Colleges and Universities (HBCUs) – the most projects to be completed in one year through the program. Tougaloo College, one of the top performers this season, took first place in Cluster 3 and earned the Campaign of the Year award, winning a total of $120,000 from Retool Your School.

We're ensuring HBCU students have an upgraded environment as they become the next generation of leaders.

To celebrate this remarkable voting season, a virtual Retool Your School Winners Ceremony was held on Wednesday, April 14. The event was hosted by actor and Howard University alumnus Laz Alonso, and the keynote address was delivered by Oscar-winning costume designer and Hampton University alumna Ruth E. Carter.

"Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs," said The Home Depot's Chief Diversity, Equity & Inclusion Officer Derek Bottoms. "We are ensuring HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders."

HBCU students, alumni and advocates were encouraged to cast votes for the HBCU of their choice until March 15. HBCUs were separated into three clusters based on student population. The top ten schools with the most votes per cluster will receive grants ranging from $20,000 to $75,000. Additionally, the Campaign of the Year award of $45,000 was presented to the school whose campaign proved to be particularly effective for galvanizing its community to drive votes for the program.

Congratulations to the 30 winning institutions of the 2021 Retool Your School program!  

Campaign of the Year

Tougaloo College

Cluster 1

1. Alabama A&M University                             
2. Jackson State University                                            
3. Southern University and A&M College                    
4. Albany State University                                            
5. Alabama State University                              
6. Morgan State University                                
7. Grambling State University                           
8. Fayetteville State University                         
9. St. Phillip's College                                       
10. Howard University                                        

Cluster 2

1. Coahoma Community College                                   
2. Tuskegee University                                      
3. Bethune-Cookman University                                   
4. South Carolina State University                                
5. Virginia State University                                           
6. Coppin State University                                            
7. Miles College                                                 
8. Southern University at Shreveport (Bossier City)     
9. Savannah State University                             
10. West Virginia State University                                  

Cluster 3

1. Tougaloo College                                           
2. Lane College                                                  
3. Fisk University                                                           
4. Texas College                                                 
5. Livingstone College                                                   
6. Paine College                                                 
7. Wilberforce University                                              
8. Southwestern Christian College                                
9. Philander Smith College                                            
10. Talladega College                                          

The Home Depot's commitment has led to more than $4 million in funding for over 140 campus improvement projects for 87% of the nation's HBCUs. To learn more, visit RetoolYourSchool.com.

About The Home Depot 

The Home Depot is the world's largest home improvement specialty retailer. The Company operates a total of 2,298 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2020, The Home Depot had sales of $132.1 billion and earnings of $12.9 billion. The company employs approximately 500,000 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.

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SOURCE The Home Depot

FAQ

What is the Retool Your School program by Home Depot?

The Retool Your School program is an initiative by Home Depot aimed at providing funding for campus improvements at Historically Black Colleges and Universities (HBCUs).

How much has Home Depot committed to the Retool Your School program in 2021?

In 2021, Home Depot committed $1 million to the Retool Your School program.

When was the Retool Your School winners ceremony held?

The winners ceremony for the Retool Your School program was held on April 14, 2021.

Who won the Campaign of the Year award in 2021?

Tougaloo College won the Campaign of the Year award in 2021, receiving $120,000.

What total funding has Home Depot provided to HBCUs since 2009?

Since 2009, Home Depot has provided over $4 million in funding for HBCU campus improvement projects.