The Home Depot Canada Foundation surpasses $50 million in support of youth experiencing homelessness


Local community offering campaign and new grants assistance obtain funding milestone

TORONTO, April 7, 2022 /CNW/ – The Property Depot Canada Foundation has surpassed its goal to devote $50 million to support youth experiencing homelessness. This commitment has developed from an initial financial investment that commenced in 2013 when it very first introduced a $10 million a few-calendar year pledge in direction of assisting protect against and close youth homelessness in Canada.

The Home Depot of Canada Inc. Logo (CNW Group/The Home Depot of Canada Inc.)

The Property Depot of Canada Inc. Symbol (CNW Group/The Household Depot of Canada Inc.)

“We are unbelievably proud to be capable to give back again to our communities day to day and recognize this milestone that our buyers, associates and seller associates realized jointly,” said Pamela O’Rourke, vice president of merchandising, The Residence Depot Canada and chair of The Home Depot Canada Basis. “On the other hand, the latest scientific tests exhibit that youth continue to make up roughly 20% of the homelessness populace in Canada and they have been impacted considerably through the pandemic. It stays very crystal clear you can find even now a great deal a lot more to be carried out to close the cycle of homelessness in this nation.”

In December 2021, The Household Depot Canada Foundation’s bi-yearly local community fundraising marketing campaign, The Orange Doorway Job, raised shut to $1 million in donations designed in-keep and online. To celebrate its customers’ shared values of supplying again, the Basis doubled the effects with an further $1 million investment decision, ensuing in extra than $2 million distributed to 124 youth-serving charity partners throughout the region.

In addition to increasing support for the Orange Doorway Project marketing campaign associates at a nearby level, The Home Depot Canada Foundation is saying quite a few incremental grants. The Basis will distribute $3 million to its 15 Regional Companions to guidance modern programming breakthroughs that support avert youth from suffering from homelessness, and $500,000 to TradeWorx companions to set an further 50 youth enduring homelessness into competent trades careers.

A lot more than 200 neighborhood and countrywide businesses have been given funding yearly from the Foundation’s commitment about the a long time, to assistance study, housing and life expertise improvement courses for at-chance youth and youth encountering homelessness.

“We operate with some of the country’s main industry experts on homelessness to assist notify our initiatives and ensure our Foundation bucks are invested in vital applications that assistance youth right,” said Amy Bilodeau, sr. manager, group financial investment, The House Depot Canada Foundation. “We share a collective perception that all youth are entitled to the supports vital to create significant futures. We’re so grateful to operate together with them and are seeking forward to continuing that determination and saying the upcoming section of our investment in the coming months.”

About The House Depot Canada Basis

The Dwelling Depot Canada Foundation is a Canadian registered charity that is fully commited to protecting against and ending youth homelessness in Canada. Considering the fact that 2013, the Foundation has invested $50 million and labored together with local community associates throughout the place, to eliminate boundaries, split cycles of inequity, and help youth at-possibility of or experiencing homelessness to accomplish positive enhancement results and make brighter futures. For additional information, check out: www.homedepot.ca/basis.

About The Residence Depot

The Property Depot is the world’s biggest residence enhancement specialty retailer. At the finish of the third quarter, the Firm operated a complete of 2,317 retail suppliers in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico, which include 14 merchants in the U.S. from a little acquisition concluded during the 2nd quarter of fiscal 2021. The company employs somewhere around 500,000 associates. The Household Depot’s stock is traded on the New York Stock Trade (NYSE: Hd) and is provided in the Dow Jones industrial regular and Normal & Poor’s 500 index.

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