The Home Depot to award $50,000 to three HBCU’s with a total of up to $255,000 to nine winning HBCUs for campus and facility upgrades
Atlanta, GA, January 20, 2015 — The Home Depot, the world’s largest home improvement retailer, announced that applications are now being accepted for its 2015 Retool Your School Campus Improvement Grant Program.This program, established in 2010, provides support for campus improvement projects at Historically Black Colleges and Universities (HBCUs) across the country. Since the program’s inception, approximately one million dollars in grant money has been awarded.
This year, the Retool Your School Grant Program will use a new grant structure which will award a total of $255,000 in grants to nine accredited HBCUs in $50,000, $25,000 and $10,000 grant denominations. Based on student enrollment, schools will be categorized into one of three clusters — schools with 4,000 students or more, schools with between 3,999 and 1,201 students, or schools with less than 1,200 students.
“This is a very exciting year for The Home Depot’s Retool Your School program,” says Melissa Brown, Manager, Multicultural Marketing, The Home Depot.“For the first time, student bodies are competing for grant money against schools their same size. This allows for larger and more impactful improvements to be made to the winning schools.”
To be considered, HBCUs must log on to www.retoolyourschool.com to complete and submit the letter of intent by February 10, 2015, and a full proposal by February 26, 2015. Online voting will take place from February 27 to April 20, 2015 at www.retoolyourschool.com.
During the online voting period, HBCU supporters can view descriptions of projects and cast one vote per day per device for their favorite HBCU project. Supporters can also capture votes for their school by using the designated hashtag (found on the website) for each school via their social media channels. Each use of a school’s Retool Your School designated hashtag counts as one social media vote. Following the online vote, a panel of distinguished judges will also evaluate each school’s project proposals within the qualifying clusters. Judges will consider the depth of each proposal and the school’s ability to execute the project within the respective budgets of $50,000, $25,000 or $10,000, as applicable.
Proposals for all three grants must highlight how each project will make a lasting, positive impact on the HBCU campus. The Home Depot will announce the grant recipients on May 11, 2015.
About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,269 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.