Lowe's donates $2 million to Building Homes for Heroes to construct and modify homes for veterans and first responders

Rhea-AI Summary

Lowe's has announced a significant $2 million donation to Building Homes for Heroes, aimed at constructing and modifying up to 75 homes for veterans and first responders over the next two years. This contribution marks the largest single corporate gift to the organization since 2020, bringing Lowe's total donations to over $3.4 million since their partnership began in 2020. The initiative highlights Lowe's commitment to supporting military families, evidenced by a 10% discount offered to eligible military members and their families. Building Homes for Heroes has achieved notable milestones, including the construction of its 300th home in September 2022. As part of its community support, Lowe's also employs approximately 26,000 military associates and has received recognition as a top military-friendly company.

Positive

• Lowe's donated $2 million, the largest gift since 2020, enhancing its commitment to veterans and first responders.
• The funds will support the construction and modification of up to 75 homes over two years.
• Lowe's has contributed over $3.4 million to Building Homes for Heroes since 2020, aiding in the completion of 112 homes.
• The partnership aims to celebrate the milestone of the 400th home in 2024.
• Lowe's offers a 10% discount on purchases for active-duty military personnel and veterans.
• The company employs 26,000 military community associates, showcasing its dedication to veterans.

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NEW YORK, April 25, 2023 /PRNewswire/ -- Building Homes for Heroes announced today a $2 million donation from Lowe's over the next two years, the latest highlight in an ongoing partnership that supports veterans and first responders.

Lowe's donation – the largest single corporate gift Building Homes for Heroes has received since 2020 – will help the nonprofit construct, modify and gift as many as 75 homes over the next two years for veterans, police, firefighters and other emergency first responders and their families.

"We couldn't be more excited and humbled to partner with such an amazing and patriotic company like Lowe's," said Andy Pujol, Founder and CEO of Building Homes for Heroes. "As one of our biggest national partners, Lowe's helped us reach our milestone 300^th home last year. Thanks to this donation, we are looking forward to celebrating our 400^th home in 2024. Nearly 100 homes for 100 heroes and their families in two years' time."

"It's a beautiful example of how corporations and nonprofit organizations can come together to make our communities and our country a better place in support of our nation's heroes," Pujol said.

Joe McFarland, Lowe's executive vice president of stores and a Gulf War veteran, said: "We are proud of our partnership with Building Homes for Heroes, which is in line with Lowe's heritage of honoring and supporting military members, veterans and their families with safe, affordable housing and community spaces."

Lowe's has partnered with Building Homes for Heroes since 2020, donating more than $3.4 million to the nonprofit to help build and modify 112 homes to date.

Building Homes for Heroes reached its milestone 300th home for a veteran in September 2022 and is focused on delivering more homes this year, including No. 343 around Sept. 11, in honor of the 343 members of the Fire Department of New York who died on 9/11.

The two organizations teamed up in 2021 to gift a home to a World War II veteran who lost his home and possessions in a fire. And in 2020, Lowe's contributed to Building Homes for Heroes' emergency funding program that helped more than 500 military families during the early days of the pandemic.

Lowe's also supports military families through an everyday 10% discount on eligible purchases with no annual limit for active-duty military personnel, veterans and their spouses. Lowe's recently was named a Top 10 Military Friendly Company and Brand by Viqtory, a veteran-owned business. 

As a top employer for transitioning veterans and their spouses, Lowe's employs 26,000 associates from the military community, offers a military spouse transfer policy and provides workforce development opportunities.

Building Homes for Heroes

Building Homes for Heroes constructs and gifts mortgage-free homes, and completes beautiful home modifications, for veterans and their families. As well, they provide many other services to help them live better and brighter lives. The organization reached a program rating of 95.19% of every dollar in 2021, the 10th straight year in which 93% of every dollar donating goes directly to its mission, It also received a perfect 4-star rating from Charity Navigator for six straight years, including a 100% in transparency and accountability. Another notable long-term accomplishment on Charity Navigator. See www.buildinghomesforheroes.org to learn more.

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where Lowe's operates over 1,700 home improvement stores and employs approximately 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.

Media contacts

David Weingrad
David.Weingrad@buildinghomesforheroes.org

Candace Gordon
Candace.Gordon@lowes.com

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SOURCE Building Homes for Heroes

FAQ

What is the recent donation made by Lowe's to Building Homes for Heroes?

Lowe's announced a $2 million donation to Building Homes for Heroes for supporting veterans and first responders.

How many homes will Lowe's help build with the new donation?

Lowe's donation will assist in constructing and modifying up to 75 homes over the next two years.

What is the total amount Lowe's has donated to Building Homes for Heroes since 2020?

Since 2020, Lowe's has donated over $3.4 million to Building Homes for Heroes.

When did Building Homes for Heroes reach its 300th home milestone?

Building Homes for Heroes reached its 300th home milestone in September 2022.

What discount does Lowe's offer to military personnel and their families?

Lowe's provides a 10% discount on eligible purchases for active-duty military personnel, veterans, and their spouses.