The CVS/pharmacy Charitable Trust, the private foundation managed by CVS Corporation, announced last week it is donating $1,000,000 to the American Red Cross in order to assist with relief efforts for victims of the tsunami in southern Asia.
Along with this donation, the trust pledged to match up to $500,000 made by donors nationwide to the American Red Cross International Response Fund, which provides relief to the victims in southern Asia. This marks the largest gift made in Rhode Island towards this disaster, to date.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Donations have been pouring into the American Red Cross, Rhode Island Chapter since the tsunami hit on December 26th. To date, the chapter has collected over $300,000 to aid victims of the tsunami.
“The CVS/pharmacy Charitable Trust is leading the way by offering the single largest gift Rhode Island has seen for disaster relief efforts in southern Asia,” said Daniel Samborn, CEO of the American Red Cross, RI Chapter. “We are extremely fortunate to have CVS/pharmacy as our neighbor and their commitment to community and to those in need is unparalleled.”
The CVS Charitable Trust Inc. is a private foundation managed by CVS Corporation, which operates more than 5,000 CVS/pharmacy stores in 36 states.
