CAMP HILL, Pa.--(BUSINESS WIRE)--

The Rite Aid Foundation announced today that more than 400 students have been named recipients of Folds of Honor educational scholarships through its KidCents program. Totaling more than $1.8 million, this is the first round of scholarships to be awarded as part of The Rite Aid Foundation’s previously announced three-year, $6 million commitment to Folds of Honor, a nonprofit organization based in Owasso, Oklahoma, dedicated to providing educational scholarships to children of fallen or disabled service members.

From now through October 14, Rite Aid associates will recognize students receiving the scholarships during special in-store celebration events. In addition to the scholarship, each student will receive a commemorative certificate and Rite Aid gift card.

“It’s exciting to see The Rite Aid Foundation’s relationship with Folds of Honor continue to grow and we are especially thrilled to increase our level of support by providing an even greater number of educational scholarships to these most-deserving students,” said Ken Martindale, Rite Aid CEO of stores, president of Rite Aid Corporation and president of The Rite Aid Foundation. “We are proud to stand with Folds of Honor and look forward to doing even more with this incredible organization in honor of our country’s military heroes and their families.”

“Only through the generosity of partners like The Rite Aid Foundation is Folds of Honor able to deliver on its mission of honoring our nation’s heroes through education,” said Major Dan Rooney, Folds of Honor Founder. “Our scholars and their families are so grateful for The Rite Aid Foundation’s unwavering commitment and continued support. Together, we are making sure that every Folds of Honor scholarship recipient is able to pay tribute to the sacrifice and legacy of their parent through their pursuit of academic excellence.”

KidCents was developed by The Rite Aid Foundation to provide Rite Aid customers an opportunity to do even more to help the kids in the communities Rite Aid serves. Through KidCents, members of Rite Aid's wellness+ with Plenti program can round up their in-store or online purchases to the nearest dollar and give their change to one of more than 360 nonprofit organizations focused on improving the health and wellbeing of children. For more information, visit www.kidcents.com.

Since its inception in 2001, The Rite Aid Foundation has awarded more than $27 million to non-profit organizations. Additionally, Rite Aid, through the efforts of its customers, supplier partners and associates, has also raised more than $75 million for Children's Miracle Network Hospitals across the country since 1994.

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

Folds of Honor is a 501(C)(3) nonprofit organization that provides educational scholarships to families of military men and women who have fallen or been disabled while on active duty in the United States armed forces. Our educational scholarships support private education tuition and tutoring for children in grades K-12, as well as higher education tuition assistance for spouses and dependents. Founded in 2007 by Major Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq, Folds of Honor is proud to have awarded more than 10,000 scholarships in all 50 states, as well as Guam, Puerto Rico and the Virgin Islands, including more than 2,500 in 2015 alone. For more information or to donate in support of a Folds of Honor scholarship, visit www.foldsofhonor.org.

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