Lowe's Commits More Than $15 Million to Support National Nonprofits in 2022

Rhea-AI Summary

Lowe's has announced a commitment of over $15 million to support national nonprofit partners in 2022. This funding includes more than $9 million to enhance access to safe, affordable housing and $4 million for skilled trades education. The initiative aims to help communities address critical housing challenges and develop future skilled trades professionals. Additionally, Lowe's is recognizing its ongoing support for military members and veterans through partnerships with organizations like USO and AMVETS.

Positive

• Commitment of over $15 million to support nonprofits, addressing critical community challenges.
• More than $9 million allocated to safe, affordable housing initiatives.
• Over $4 million dedicated to skilled trades education, promoting workforce development.

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• None.

Commitments to military and other nonprofits to include more than $9 million to create safe, affordable housing and $4 million to support skilled trades with Generation T partners

MOORESVILLE, N.C., May 12, 2022 /PRNewswire/ -- Lowe's today announced a commitment of more than $15 million to support national nonprofit partners in 2022, addressing some of the most critical challenges facing communities today. The commitments, in the form of funds and product donations, will include more than $9 million to expand access to safe, affordable housing and critical home repairs and over $4 million to promote skilled trades education.

"Supporting communities that we call home is in our DNA, and we thank our nonprofit partners who continue to create a positive impact," said Marvin R. Ellison, Lowe's chairman and CEO. "We are committed to making homes better for all, and we are proud of our partners' efforts to build and strengthen communities by improving housing and developing skilled trades professionals across the country."

Through its nonprofit partners, Lowe's aims to help make homes safe and accessible for people of all ages by supporting critical home repairs. This year's recipients of Lowe's safe and affordable housing support include Habitat for Humanity International, Rebuilding Together and Sleep in Heavenly Peace.

Lowe's will also partner with Goodwill, LISC, SkillsUSA and others in the nationwide Generation T movement to continue to build the next generation of skilled trades professionals. Last year, the movement reached more than 1.8 million people through online education, in-person events and virtual learning opportunities, helping address an estimated three million skilled trades jobs that are expected to be unfilled by 2028.

Continuing the company's rich heritage of honoring military members and veterans, Lowe's will support the USO and AMVETS to promote skilled trades and Building Homes for Heroes, Purple Heart Homes and Operation Finally Home for housing initiatives. Lowe's was recognized as a 2022 Top Military Friendly® Employer and as AMVETS' Veteran Friendly Employer of the Year in 2021.

In addition to the more than $15 million commitment to national nonprofits, earlier this year Lowe's unveiled Lowe's Hometowns, a five-year, $100 million investment aimed at completing nearly 1,800 community impact projects across the country each year through 2026. Selected projects will be announced this summer with work to begin shortly thereafter.

For more information on the company's commitment to serving communities, visit Lowe's newsroom.

About Lowe's  
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 19 million customer transactions a week in the United States and Canada. With fiscal year 2021 sales of over $96 billion, Lowe's and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Contact:
Steve Salazar
Lowe's Companies, Inc.
steve.j.salazar@lowes.com 

 

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SOURCE Lowe's Companies, Inc.

FAQ

What is Lowe's commitment to nonprofits in 2022?

Lowe's has committed over $15 million to support national nonprofits in 2022.

How much funding is allocated for housing initiatives by Lowe's?

Lowe's is allocating more than $9 million for safe and affordable housing initiatives.

What amount is dedicated to skilled trades education by Lowe's?

Lowe's is dedicating over $4 million to promote skilled trades education.

Which organizations is Lowe's partnering with to support military members?

Lowe's is partnering with USO and AMVETS among others to support military initiatives.