Rite Aid Corporation Pledges $1 Million to the Regional Performing Arts Center.PHILADELPHIA--(BUSINESS WIRE)--June 29, 1998--Mayor Ed Rendell Edward Gene "Ed" Rendell (born January 5 1944) is an American politician and member of the Democratic Party. He was elected Governor of the Commonwealth of Pennsylvania in 2002, and his term of office began January 21, 2003. , in conjunction with Regional Performing Arts Center A performing arts center, often abbreviated PAC, is a multi-use performance space that can be adapted for use by various types of the performing arts, including dance, music and theatre. Board Chair Willard G. Rouse III, announced today a major pledge from Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. Corporation, one of the nation's largest drugstore chains. The $1 million commitment helped the Regional Performing Arts Center capital campaign reach its current pledge level of $185 million. "The Regional Performing Arts Center will be a world-class venue and is the most important project for Philadelphia's continued growth," said Martin Grass, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Rite Aid Corporation. "As a corporation looking forward to the year 2000, we believe this major gift is in keeping with Rite Aid's corporate philosophy of improving the quality of life in the communities where we do business. As a major retail business with 258 stores in the greater Philadelphia metropolitan area, we want to be an integral part of helping the growth and development of the 'City that Loves You Back'," Grass stated. Chairman Rouse stated, "Because of its huge presence in greater Philadelphia, we are thrilled that Rite Aid has become a leading donor to the Regional Performing Arts Center. We are looking forward to decades of partnership for the betterment of our community." The Rite Aid pledge supports Mayor Rendell's vision to create a European-style arts district and is in keeping with the company's philosophy to be active partners in the communities and neighborhoods where it conducts business. Over the past three years, Rite Aid has contributed nearly $1.5 million to diverse community groups and organizations that work to make Philadelphia a city that cares about its people and its cultural heritage. "Contributing to the construction of the cultural and performing arts complex is a natural fit for Rite Aid," Grass went on to say. "Rite Aid Corporation, under the direction of Martin Grass, understands our vision of becoming an excellent city, by building a future and partnership in the city. Civic pride is a crucial part of Rite Aid's mission. Martin has had faith in the project and in the future of the region. He has already demonstrated faith in us in so many other areas, by participating heartily in the Philadelphia Opera and with the Philadelphia Orchestra," said Mayor Ed Rendell. Other recipients of Rite Aid Corporation contributions include: Philadelphia schools of pharmacy to improve educational facilities and enhance student education; Children's Hospital of Philadelphia The Children's Hospital of Philadelphia is one of the largest and oldest children's hospitals in the world. "CHOP" has been ranked as the best children's hospital in the United States by U.S. News & World Report and Child Magazine in recent years. , St. Christopher's Hospital for Children St. Christopher's Hospital for Children is a non-sectarian 161 bed children's hospital located in Philadelphia. It's Physicians serve as the pediatrics department at the Drexel University College of Medicine. St. , Philadelphia Child Guidance Center and Children's Seashore House through the Children's Miracle Network The Children's Miracle Network (CMN) is an international non-profit organization that raises funds for Children's hospitals, medical research and community awareness of children's health issues. ; Greater Philadelphia First to ensure that every child in the public schools has textbooks; and the NAACP NAACP in full National Association for the Advancement of Colored People Oldest and largest U.S. civil rights organization. It was founded in 1909 to secure political, educational, social, and economic equality for African Americans; W.E.B. Du Bois and Ida B. ACT-SO ACT-SO Afro-Academic, Cultural, Technological, and Scientific Olympics program, to name a few. In addition, Rite Aid in conjunction with First Lady of Pennsylvania Michele M. Ridge, and the Pennsylvania Breast Cancer Coalition, launched Mother's Day Mammograms, a breast cancer outreach program. Now in its ninth year, this national public service campaign, operating in 16 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , provides free mammograms to uninsured women and educates all women about the importance of early detection of breast cancer. Rite Aid Corporation, based in Camp Hill, PA, is one of the nation's largest drugstore chains, with over 4,000 stores in 30 states and the District of Columbia and annual revenues of $11.4 billion. General information about Rite Aid, including corporate background and press releases, is available through the company's web site at http://www.RiteAid.com. CONTACT: Rite Aid Corp. Amy Johnson, 717/730-7732 or Joanne Williams, 215/569-8360 |
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