Atlanta, GA (February 2, 2010)- The Home Depot(r) Foundation today announced its 2009 fiscal and community impact results. In addition, the Foundation provided a status update on its ten-year commitment to invest $400 million to build and rehabilitate 100,000 affordable homes and to plant and restore three million trees.
2009 Fiscal and Community Impact Results
The Home Depot Foundation’s mission is to support nonprofit organizations and associate volunteer programs that are dedicated to helping families thrive by creating and preserving healthy, affordable homes as the cornerstone of sustainable communities. In 2009, the Foundation provided cash and in kind donations exceeding $74 million to more than 5,300 nonprofit organizations.
Structured grant programs and volunteer activities focused on building affordable, green housing and community gathering places, like parks and centers, make up the majority of the Foundation’s giving. Accomplishments in this area in 2009 include:
* Funded and supported the building and preservation of 33,000 affordable homes.
* Planted 169,000 trees through partnerships with the Arbor Day Foundation, the Alliance for Community Trees and local groups such as the New York Restoration Project.
* Launched the Partners in Sustainable Building program with Habitat for Humanity International in 150 U.S. markets and Mexico. In 2009 alone through this program, 1,000 homes were built to Energy Star(r) Plus standards, and many of those were built to even higher green standards, such as LEED for Homes. Through this five-year, $30 million partnership, at least 5,000 homeowners will enjoy the benefits of living in more efficient, healthier homes.
* Developed and launched the Sustainable Cities Institute to provide information, expertise and resources to city officials in order to catalyze their efforts to make communities more sustainable economically, socially and environmentally. (www.sustainablecitiesinstitute.org)
* Completed over 120 Team Depot projects during the 30th Anniversary Celebration of Service month, including building playgrounds and parks, refurbishing community centers and planting trees.
* Built 66 KaBOOM! playgrounds across the United States.
During 2009, The Home Depot Foundation also expanded its Framing Hope program to more than 1,000 of The Home Depot’s retail stores. Framing Hope is a unique donation program that saves discontinued and clearance merchandise from going into landfills and puts it in the hands of local nonprofit organizations where it can make a huge impact. In 2009, the Company was able to donate $37 million in product to 1,600 nonprofit organizations, the majority of which focus on building and maintaining affordable housing for working families and community shelters. As a result, 12,500 tons of usable products were diverted from landfills and put to good use in the community. Learn more about Framing Hope at http://thd.giftsinkind.org/homedepot/.
Long-Term Commitment Update
In 2007, The Home Depot Foundation made a ten-year commitment to invest $400 million to build and rehabilitate 100,000 affordable homes and to plant and restore three million trees. In just three short years, the Foundation has made a great deal of progress, investing $162.6 million (cash and in kind) as well as building and preserving 50,000 homes and planting over 600,000 trees in our communities.
Examples of the outcomes of this long-term investment include:
* Partnered with Enterprise Community Partners Inc. in late 2009 as the founding funder of Green Communities Next Generation that will result in the creation, preservation and retrofitting of 75,000 residential and commercial buildings in the next five years.
* Partnered with the National Alliance for Community Trees to create the NeighborWoods Month Program, an annual community service campaign, which in October 2009 resulted in 231 volunteer events in major markets across the country through which 36,000 trees were planted and 24,000 volunteers engaged.
* Partnered with the U.S. Green Building Council in 2008 to establish the LEED for Homes Initiative for Affordable Housing that promotes sustainable building practices in homes. In the first two years of the five year commitment, of the 4,437 housing units certified under LEED for Homes, 1,543 (almost 35%) are affordable to families at or below 80% of Area Median Income (AMI).
* Partnered with NeighborWorks America in 2008 to “green” over 2,000 housing units by rehabbing existing multifamily properties with green building standards and advancing energy conservation through community outreach.
* Partnered with LISC in 2007 to incorporate green building designs and components into 845 affordable housing developments in nine cities across the country.
About The Home Depot Foundation
Established in 2002, The Home Depot Foundation focuses on supporting nonprofits that are dedicated to creating and preserving healthy, affordable homes as the cornerstone of sustainable communities where families can thrive.
For more information about the Foundation: www.homedepotfoundation.org
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The Home Depot Foundation Announces 2009 Fiscal And Community Impact Results
Donations Exceed $74M to Over 5,000 Nonprofits