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The Home Depot And Its Customers Donate $1 Million To THE USO
1. The Home Depot And Its Customers Donate $1 Million To THE USO
Proceeds Raised in Gift Card Program Will Support Services for Military Families
ATLANTA, March 29, 2007 - The Home Depotยฎ will present a $1 million donation to the United Service Organizationsยฎ (USOยฎ)
in a presentation today in Atlanta. The donation will be used for the construction of new USO centers and the ongoing
maintenance and capital upkeep of existing facilities.
Proceeds were raised from redeemed gift card sales in The Home Depot stores in January, as part of a holiday gift card
promotion. In December 2006, as part of its ongoing support of the USO and military families, The Home Depot announced a
holiday gift card campaign to benefit USO centers throughout the United States. The Company pledged 5 percent of all The
Home Depot redeemed gift card sales, up to $1 million, for January 1-28, 2007.
"We thank The Home Depot and its customers for their steadfast support of the USO," said Edward A. Powell, USO president
and CEO. "This donation will help the USO continue to offer its programs to service members and their families."
Of this donation, $400,000 will go toward the expansion and renovation of USO Delaware, Inc. at Dover Air Force Base;
$135,000 will go to the construction of the Rocky Mountain USO center at Fort Carson, Colo.; and $465,000 will support the
construction, ongoing maintenance and capital upkeep of USO centers throughout the United States.
"The Home Depot is dedicated to supporting our men and women in uniform, and their families," said Kevin Martinez, vice
president of Community Affairs, The Home Depot. "Today's donation is on behalf of our customers, who showed their support
to the USO by participating in the January gift card program."
In 2005, The Home Depot awarded the USO a $250,000 grant. This donation funded renovation projects for eight USO
centers, and supported USO programs and services. In addition, the Company has consistently been recognized by G.I. Jobs
magazine as a top employer for military personnel.
About The Home Depot
The Home Depotยฎ is the world's largest home improvement specialty retailer, with 2,164 retail stores in all 50 states, the District
of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces, Mexico and China. Through its HD SupplySM
businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with nearly 1,000
locations in the United States and Canada offering products and services for building, improving and maintaining homes,
businesses and municipal infrastructures. In fiscal 2006, The Home Depot had sales of $90.8 billion and earnings of $5.8
billion. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones
industrial average and Standard & Poor's 500 index.
About the USO
The USO currently operates 133 centers around the world, providing morale-boosting programs and services. USO centers
offer free Internet and e-mail access, libraries, entertainment and lounge areas, refreshments, travel assistance and other
touches of home during 5.6 million visits each year by service members and their families. Special programs include Operation
USO Care Package, USO Operation Phone Homeยฎ, United Through Readingยฎ and the USO Mobile Fleet.
As a nonprofit organization, the work of the USO and its centers is largely made possible by the support of the American public.
Corporate in-kind donations and sponsorships, along with volunteers and monetary donations, help make the USO a success.
For more information, contact:
Caroline Counihan
The Home Depot
(770) 384-2944
caroline_counihan@homedepot.com
Tiane Harrison
