Dollar Tree commits $40 million to nonprofits through a new fund at the Hampton Roads Community Foundation
The retailer announced the Dollar Tree Impact Fund on Oct. 23 for its 40th anniversary. The money is to reach nonprofits in the U.S. and Canada through national partners, more than 400 local projects and a new grant program steered by employees.
Chesapeake. Dollar Tree, the discount retailer based in Chesapeake, Va., said on Oct. 23 that it will commit $40 million to nonprofit organizations and community-led projects in the United States and Canada through a new Dollar Tree Impact Fund at the Hampton Roads Community Foundation. The company tied the commitment to its 40th anniversary and to the opening of its 9,500th store, in Suffolk, Va.
The announcement does not say over how many years the money will be spent, how large single grants will be, or whether nonprofits will be able to apply.
Three focus areas and three routes
The fund will focus on three areas, according to the company: access to essentials, meaning food and other everyday necessities for individuals and families; economic opportunity, meaning career readiness and job skills training; and thriving communities, described as cleaner, safer and more welcoming spaces where neighbors can gather.
The money is to reach organizations in three ways, the company said: programs with its national nonprofit partners, more than 400 community impact projects across the country, and a new Kindness Grant Program, in which employees, whom the company calls associates, help award grants to nonprofits working in the communities where they live and work.
Who can be chosen
The announcement does not name the national partners. The company's community impact page lists its current signature partners, among them the American Red Cross, Boys & Girls Clubs of America, Keep America Beautiful, Operation Homefront, Points of Light and the Urban League of Hampton Roads.
That page, which does not mention the new fund, also describes the company's existing community grant program: it funds local organizations that fit its focus areas and geographic priorities, it works by invitation only, and it does not accept unsolicited proposals. The release does not say whether grants from the new fund will follow the same rule.
Dollar Tree operates more than 9,500 stores in the 48 contiguous states and seven Canadian provinces and has more than 150,000 employees, the company said.
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