Kohl’s Gifts More Than $500,000 to Local Nonprofits Through Hometown Giving Program This Holiday Season

Rhea-AI Summary

Kohl's (NYSE: KSS) announced donations totaling over $500,000 to more than 25 nonprofits in Milwaukee and Waukesha counties through its Kohl's Cares Hometown Giving Program. The grants, ranging from $5,000 to $25,000, support family health and wellness initiatives. The program, launched in 2017, has contributed over $3.5 million to more than 150 nonprofits. Funding comes from Kohl's Cares Goods for Good® merchandise sales, with 100% of net profits going to nonprofits nationwide. Kohl's has invested over $160 million in Milwaukee area nonprofits through various community programs.

Positive

• 100% of net profits from Kohl's Cares Goods for Good® merchandise goes to nonprofits

Negative

• None.

Insights

Financial Analyst

This charitable giving announcement, while positive for corporate social responsibility, is not material to Kohl's financial performance or stock valuation. The $500,000 donation represents less than 0.01% of Kohl's market capitalization and annual revenue. While the company's total charitable contributions of $160 million in the Milwaukee area demonstrate long-term community commitment, these programs are already factored into operating expenses and investor expectations. The Kohl's Cares merchandise program is a self-sustaining initiative that doesn't impact the bottom line since it uses dedicated product revenue. From an investment perspective, this news does not alter the company's financial outlook or strategic position.

More than 25 nonprofits in Milwaukee and Waukesha counties receive grants to support family health and wellness

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) today announced more than $500,000 in total donations to more than 25 nonprofits in Milwaukee and Waukesha counties through the Kohl’s Cares Hometown Giving Program. Nonprofits supporting Kohl’s philanthropic mission of improving family health and wellness in Milwaukee and Waukesha counties were selected following an open-application process; each nonprofit will receive a grant ranging from $5,000 to $25,000.

“Caring about our communities is at the heart of what we do at Kohl’s, especially during the holiday season,” said Tara Geiter, Kohl’s director of community relations. “We’re excited to again be granting more than $500,000 to a group of amazing nonprofits in Milwaukee and Waukesha counties who are all finding unique ways to improve the health and wellness of local families.”

To view the full list of 2024 Kohl’s Cares Hometown Giving Program grant recipients, please click here.

Kohl’s has donated more than $3.5 million to more than 150 nonprofits since the Kohl’s Cares Hometown Giving Program launched in 2017; funding is made possible through Kohl’s Cares Goods for Good® merchandise, which sells children’s books and toys and donates 100% of the net profit to nonprofits nationwide. In total, Kohl’s has committed more than $160 million to nonprofits in the Milwaukee area through hometown partnerships, Kohl’s Cares Hometown Giving Program, and the Kohl’s Cares Volunteer Program. To learn more, please visit Corporate.Kohls.com.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believes,” “anticipates,” “plans,” “may,” “intends,” “will,” “should,” “expects" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management’s then current views and assumptions and, as a result, are subject to certain risks and uncertainties, which could cause the Company’s actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company’s Annual Report on Form 10-K, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company’s filings with the SEC. Forward-looking statements relate to the date initially made, and Kohl’s undertakes no obligation to update them.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ realest moments. Kohl's serves millions of families in its more than 1,100 stores in 49 states, online at Kohls.com, and through the Kohl's App. With a large national footprint, Kohl’s is committed to making a positive impact in the communities it serves. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241118448130/en/

Jackie Judkins, jacquelyn.judkins@kohls.com

Source: Kohl’s

FAQ

How much did Kohl's (KSS) donate through its 2024 Hometown Giving Program?

Kohl's donated more than $500,000 to over 25 nonprofits in Milwaukee and Waukesha counties through the 2024 Kohl's Cares Hometown Giving Program.

What is the grant range for Kohl's (KSS) 2024 Hometown Giving Program recipients?

Each nonprofit selected for the Kohl's Cares Hometown Giving Program receives a grant ranging from $5,000 to $25,000.

How much has Kohl's (KSS) donated through its Hometown Giving Program since 2017?

Since launching the Kohl's Cares Hometown Giving Program in 2017, Kohl's has donated more than $3.5 million to over 150 nonprofits.