LOWE'S DONATES $500,000 TO HELP COMMUNITIES ACROSS U.S. RECOVER FROM TORNADO DEVASTATION

Rhea-AI Summary

Lowe's has announced a donation of $500,000 to support recovery efforts following a series of devastating tornadoes in the U.S. The funds will aid disaster relief partners, including the American Red Cross, to provide essential services such as emergency shelter and food to affected communities. In addition to financial support, Lowe's associates have actively participated in relief activities across several locations, distributing over 1,100 buckets filled with supplies and over 700 cases of water. The company is also doubling its matching contributions to the Lowe's Employee Relief Fund, increasing support for its associates. This initiative aligns with Lowe's commitment to assist communities in crisis.

Positive

• Donation of $500,000 to assist tornado recovery efforts.
• Lowe's associates actively participating in relief efforts, distributing over 1,100 buckets and 700 cases of water.
• Doubling of contributions to the Employee Relief Fund, enhancing financial aid for associates.

Negative

• None.

Associates continuing to provide relief supplies and support as Lowe's assists national disaster partners and nonprofit Pro customers with critical needs

MOORESVILLE, N.C., April 10, 2023 /PRNewswire/ -- Lowe's today announced it will donate $500,000 to continue to support relief and recovery efforts across the nation's heartland after dozens of destructive and deadly tornadoes in recent weeks. The donation will assist Lowe's disaster relief partners including the American Red Cross and Lowe's nonprofit Pro customers, helping these organizations provide emergency shelter, critical relief supplies, food and comfort to those affected by the tornado outbreak.

Lowe's is donating $500,000 and continuing to provide hands-on volunteer support to help with tornado relief efforts.

"It's heartbreaking to see the devastation caused by the extreme tornadoes that have impacted our associates and customers across the South and Midwest," said Marvin Ellison, Lowe's chairman and CEO. "Our stores and associates are committed to providing assistance at a time when our neighbors need us more than ever, and this donation will help our nonprofit and Pro partners respond to critical needs."

On Thursday, Lowe's associates went door-to-door in Little Rock, Arkansas, Coralville, Iowa, and Cape Girardeau, Missouri, to pass out more than 1,100 free buckets filled with supplies to help residents clean up after tornadoes left widespread damage. Associates also partnered with local emergency management officials and first responders to clean up debris and pass out other critical supplies.

The previous week, Lowe's store associates in Rolling Fork, Mississippi, donated over 700 cases of water and more than 450 buckets with supplies to assist residents and first responders after an EF4 tornado tore through the small community. In the coming weeks, associates across the South and Midwest will continue to volunteer and distribute supplies to help communities recover.

Lowe's is also expanding financial assistance provided to associates through the Lowe's Employee Relief Fund. Lowe's is doubling the company's match, contributing $2 for every dollar an employee donates. Last year, the fund helped nearly 3,000 associates with more than $4.1 million in financial aid.

Visit Lowe's Newsroom for updates on Lowe's relief efforts and continued support.

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 United States. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the United States, 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.

Contact:
Candace Gordon
Lowe's Companies, Inc. 
Candace.Gordon@lowes.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-donates-500-000-to-help-communities-across-us-recover-from-tornado-devastation-301792799.html

SOURCE Lowe's Companies, Inc.

FAQ

What is Lowe's recent donation amount for tornado relief?

Lowe's has donated $500,000 to support tornado recovery efforts.

Which organizations is Lowe's supporting with its donation?

Lowe's is supporting the American Red Cross and other disaster relief partners.

What activities are Lowe's associates involved in for tornado relief?

Lowe's associates are distributing supplies, including over 1,100 buckets and 700 cases of water, in affected areas.

How is Lowe's helping its employees affected by recent tornadoes?

Lowe's is doubling its matching contributions to the Employee Relief Fund to support employees in need.

When did Lowe's announce its tornado relief efforts?

Lowe's announced its tornado relief efforts on April 10, 2023.