Lowe’s to Donate USD $2 Million to Support Hurricane IDA Relief Efforts

Sep 1, 2021 By MarketDepth

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Lowe’s Companies, Inc. (NYSE: LOW) has reported it will donate USD 2 Million to support relief efforts after Hurricane Ida has impacted the Gulf Coast. Lowe’s will donate USD 1 Million to disaster relief partners including the St. Bernard Project, American Red Cross and more to help organizations provide food, shelter, relief, rebuilding supplies and comfort to those affected by Hurricane Ida. The additional USD 1 Million will be used to support product donations.

“Our thoughts and prayers are with the communities devastated by Hurricane Ida”

Marvin R. Ellison, Lowe’s Chairman and CEO

“Our stores are continuing to serve their communities when it’s needed most, and this $2 million donation to support our nonprofit partners and Pros will help recovery and rebuilding efforts for months to come. In addition, we are assisting our associates in the hurricane’s path by helping with evacuation expenses, deploying emergency response teams and doubling our company match through our Employee Relief Fund.”

Lowe’s stores in highly affected areas will host events to distribute free cleaning supplies to help residents after the storm. Within the past two weeks, Lowe’s stores have distributed over 2,000 disaster relief buckets nationwide to help communities recover from storms.

Lowe’s provides additional assistance to associates affected by the hurricane. Lowe’s offered associates with emergency needs of up to USD 500 to cover evacuation and preparation expenses. The company is expanding its financial assistance through the Lowe’s Employee Relief Fund, doubling the company’s match by contributing USD 2 per every dollar an employee donates.