June 27, 2022


ATLANTA, Nov. 11, 2021 /PRNewswire/ — The Property Depot Foundation has surpassed $400 million invested in assist of U.S. navy veterans because 2011, when it very first declared a formal determination to veteran triggers. This pledge has given that developed to $500 million by the calendar year 2025, primarily focusing on veteran housing initiatives.

“The House Depot and The Residence Depot Foundation want just about every veteran to have accessibility to protected, affordable housing that suits their particular person desires,” explained Craig Menear, chairman and CEO of The Household Depot. “We try to enable veterans dwell independently by conducting essential household repairs, delivering home loan-totally free sensible homes and assisting to stop veteran homelessness with our nonprofit companions.”

Considering that 2010, the amount of veterans enduring homelessness in the U.S. has decreased by almost 50 percent, according to the U.S. Office of Housing and City Development, and 13 towns have ended veteran homelessness. Having said that, much more than 37,000 veterans are experiencing homelessness on any specified evening, and nearly 3 million are living in insufficient housing, in accordance to the latest estimates by the Housing Assistance Council.

For the past decade, the Basis has centered on ending veteran homelessness, improving veteran housing as a result of crucial home repairs and making obtainable good households for catastrophically battle-wounded veterans. The $400 million invested to date has aided the Foundation and its nationwide nonprofit associates construct, renovate and enhance more than 50,000 veteran houses and services and deliver important help to veterans and their households in want.

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The House Depot’s affiliate volunteer pressure, Workforce Depot, has volunteered much more than 1.25 million several hours in assistance to veterans given that 2011. Workforce Depot delivers boots-on-the-ground guidance, investing sweat equity to enable nonprofit partners improve veteran residences and housing amenities in communities across the region.

This yr, the Basis regarded 10 a long time of partnership and impression on veteran troubles with organizations like Habitat for Humanity, Volunteers of The united states, Operation Homefront, Semper Fi & America’s Fund and U.S.VETS, among the many others.

“Since 2011, we have worked with some of the nation’s primary veteran services organizations to outcome constructive change for veterans, lots of of whom are struggling with homelessness, housing insecurity or housing that hinders their motion or skill to reside independently owing to services-connected accidents,” explained Shannon Gerber, government director of The Household Depot Basis. “We’re very pleased to serve along with our companions who function tirelessly to guidance veterans. We know there is so a lot more function to be carried out, and we are honored to go on serving together with these remarkable companies.”

Veterans Working day also marks the return of the Foundation’s Operation Shock marketing campaign, which aims to present daily life-modifying times of surprise and aid for veterans and communities in need to have. Doing work with nonprofit partners and Team Depot, the Basis will execute functions of services and shock in celebration of its 10 several years of affect in the veteran housing room, starting up with 10 crucial home fix jobs in honor of Veterans Working day. These 10 tasks, going on coastline-to-coastline, will kick off hundreds of Group Depot volunteer efforts that will paint brighter futures for communities in require.

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Stick to #OperationSurprise to see how The Property Depot Foundation will proceed serving communities nationwide this year of supplying.

About The Residence Depot Foundation 
The Household Depot Basis is effective to make improvements to the properties and life of U.S. veterans, practice skilled tradespeople to fill the labor gap and guidance communities impacted by organic disasters. Considering the fact that 2011, the Basis has invested additional than $400 million in veteran triggers and improved a lot more than 50,000 veteran properties and services. The Foundation has pledged to devote fifty percent of a billion dollars in veteran results in by 2025 and $50 million in teaching the subsequent technology of expert tradespeople via the Path to Pro application. 

To discover additional about The House Depot Foundation visit HomeDepotFoundation.org and abide by us on Twitter @HomeDepotFound and on Fb and Instagram @HomeDepotFoundation.

About The Home Depot
The Residence Depot is the world’s largest house advancement specialty retailer. At the conclude of the second quarter, the Organization operated a whole of 2,298 Dwelling Depot retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2020, The Home Depot experienced revenue of $132.1 billion and earnings of $12.9 billion. The firm employs about 500,000 associates. The Dwelling Depot’s inventory is traded on the New York Stock Trade (NYSE: High definition) and is bundled in the Dow Jones industrial common and Normal & Poor’s 500 index.

Resource The Household Depot Basis

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