Text size   A A
E-mail page
Print page

CSR InStore Fundraising

CVS Caremark Charitable Trust

Barry Rich from Store #4972 in Attalla, Ala. presented the principal of the elementary school in Gadsden with the $1,000 that he received through the CVS Caremark Volunteer Challenge Grant Program. Barry is a volunteer tutor at the school, and the money will be used to help build a new playground.

The CVS Caremark Charitable Trust, a private foundation, is funded solely through contributions from CVS Caremark. The Charitable Trust uses these funds to make grants directly to nonprofit organizations that are focused on serving children with disabilities and help to advance the vision of our CVS Caremark All Kids Can™ program. The Trust also supports nonprofits providing health care to the uninsured. In 2008, $4.2 million in grants were awarded to 92 nonprofit organizations from around the country supporting children with disabilities and those who are under-insured and uninsured. Additional Trust grants are provided to pharmacy schools, the CVS Caremark Volunteer Challenge Grant Program (see below) and scholarship programs for our colleagues’ children. The following programs were supported by the CVS Caremark Charitable Trust in 2008.

Pharmacy Scholarships and Building Projects

As the leading pharmacy health care company in the U.S., we believe we have a responsibility to cultivate students who want to pursue a career in the pharmacy field. We provide financial support for scholarships and building projects at pharmacy schools across the country and in 2008 awarded nearly $1 million in grants from the CVS Caremark Charitable Trust to continue this work.

CVS Caremark Employee Scholarship

We distribute annual scholarships funded by the CVS Caremark Charitable Trust to children of our colleagues. Applications are reviewed by an independent panel of judges based on academic achievement, as well as other indications of talent and leadership qualities, including extracurricular activities, work experience and community service. In 2008, we received 825 applications and 180 students received a scholarship of at least $1,000 toward his or her college or university tuition.

Volunteer Challenge Grants

In 2008, our CVS Caremark colleagues volunteered 76,838 hours for community service projects. We recognize and reward this commitment to community through our Volunteer Challenge Grants program. The Challenge Grant program enhances the impact of our colleagues’ volunteerism by providing financial support through our Charitable Trust to nonprofit organizations. A total of 252 grants, ranging from $250 to $2,500, and totaling $271,250 were distributed in 2008.