The Home Depot Awards 30 HBCUs Retool Your School Campus Improvement Grants

Rhea-AI Summary

The Home Depot has announced an additional $1 million investment in its Retool Your School Program to enhance 30 Historically Black Colleges and Universities (HBCUs). This 13th edition of the program provides grants of $20,000 to $75,000 for campus improvements. Notably, Alabama State University received $95,000 for its innovative campaign. Since 2009, Home Depot has invested over $5 million into HBCUs, supporting various improvement projects.

Positive

• Additional $1 million investment in HBCUs through Retool Your School.
• Total investment in HBCUs exceeds $5 million since 2009.
• Alabama State University awarded $95,000 for innovative campaigning.

Negative

• None.

Invests an additional $1M in its Retool Your School Program

ATLANTA, April 27, 2022 /PRNewswire/ -- Powered by Purpose, The Home Depot^® is investing another $1 million in grants to support improvements on the campuses of 30 Historically Black Colleges and Universities (HBCUs) through its 2022 Retool Your School program. In its 13^th year, the program is providing grants ranging from $20,000 to $75,000. Alabama State University, one of the top performers this season, earned the Campaign of the Year award for its innovative campaign, as well as second place in Cluster 1, winning a total of $95,000.

A hybrid Retool Your School Winners Ceremony was held on Tuesday, April 26 to celebrate the participating schools and the 2022 voting season. The event was hosted by actor and HBCU alumni, Laz Alonso. In addition, actor, entertainment reporter, model and HBCU alumnus, Terrence J participated in a fireside chat.

"Since its launch in 2009, The Home Depot's Retool Your School Campus Improvement Grant Program has provided support to almost 70 percent of the nation's HBCUs through more than 180 grants," said Derek Bottoms, chief diversity officer for The Home Depot. "Grants from The Home Depot have helped HBCUs make more than $5 million worth of improvements, including the creation of outdoor eco-classrooms, renovation of health facilities, revamping of residence halls, and more."

Participating 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 most original, innovative, and particularly effective for galvanizing its community to drive votes for the program.

"Each year, The Home Depot Retool Your School program rallies our community together to celebrate their Tougaloo College pride to support campus improvements that make a difference in our student's lives," said Dr. Carmen J. Walters, President of Tougaloo College, 2021 winner of the Campaign of the Year award and Cluster 3. "The program's impact is immeasurable."

Congratulations to the 30 winning institutions of the 2022 Retool Your School program.  

Campaign of the Year

• Alabama State University

Cluster 1

1. Alabama A&M University                             
2. Alabama State University 
3. Jackson State University
4. Southern University and A&M College
5. Albany State University
6. Grambling State University
7. Winston-Salem State University
8. Fayetteville State University                         
9. Prairie View A&M University
10. Florida Agricultural and Mechanical University

Cluster 2

1. Coahoma Community College
2. Alcorn State University
3. Tuskegee University
4. Benedict College
5. South Carolina State University
6. Mississippi Valley State University
7. University of Arkansas at Pine Bluff
8. Elizabeth City State University
9. West Virginia State University
10. Hampton University

Cluster 3

1. Tougaloo College
2. Texas College
3. Fisk University
4. Johnson C. Smith University
5. Lane College
6. Southwestern Christian College
7. Wilberforce University
8. Saint Augustine University
9. Edward Waters University
10. Rust College

Since 2009, through Retool Your School, The Home Depot has invested more than $5.25 million dollars to update, upgrade, and uplift HBCU campuses. The company is dedicated to continuing its commitment, celebrating the legacy and pride of HBCUs. To learn more, visit RetoolYourSchool.com.

ABOUT THE HOME DEPOT
The Home Depot is the world's largest home improvement specialty retailer. At the end of fiscal year 2021, the company operated a total of 2,317 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. 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. The Home Depot is #18 on the 2021 Fortune 500.

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SOURCE The Home Depot

FAQ

What is the recent investment made by The Home Depot in HBCUs?

The Home Depot invested an additional $1 million in its Retool Your School Program to support 30 HBCUs.

How much total funding has The Home Depot provided to HBCUs?

Since 2009, The Home Depot has invested over $5 million to improve HBCU campuses.

What is the range of grants provided to HBCUs in the Retool Your School Program?

Grants range from $20,000 to $75,000 for campus improvements.

Which university won the Campaign of the Year award in 2022?

Alabama State University won the Campaign of the Year award for its innovative campaign.