CVS surprises nonprofits with millions in funding

WOONSOCKET, R.I. — Representatives of the CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, kicked off a "Day of Giving" on Tuesday by surprising several nonprofits with the grant funding they had requested.

The visits, hosted by several of the company's executives, were timed to coincide with the announcement that $4.3 million has been awarded in grants to 98 nonprofit organizations across the country in 2011, which includes multiyear grants from previous years.

The new grant recipients were chosen through the CVS Caremark Charitable Trust's annual grant cycle, in which awards range from $10,000 to $50,000 for one-year support. These grants align with the CVS Caremark Charitable Trust's efforts to improve the quality of health and well-being of underserved populations, and also align with CVS Caremark All Kids Can, a signature program of the CVS Caremark Charitable Trust and CVS Caremark that is committed to supporting children with disabilities.

"We are so excited to help these nonprofit organizations start 2012 in a positive way with much-needed funding," stated Eileen Howard Boone, VP of the CVS Caremark Charitable Trust. "All of the nonprofit organizations we support share our commitment to providing greater access to health care and medical services, and improving the lives of children with disabilities. The CVS Caremark Charitable Trust is honored to work with all of its nonprofit partners to help people on their path to better health."