True Value 2007 Annual Report Download - page 16

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TRUE VALUE COMPANY
16 | 2007 ANNUAL REPORT
BUILDING STRONGER COMMUNITIES
Doing “good” is good for business. Hand in hand with winning at retail is giving back to the communities we serve.
Civic involvement is fundamental to the way we do business. True Value takes pride in demonstrating that we stand
for a greater purpose and can serve as a catalyst for change. Store by store, True Value members strive to identify
the needs within their local communities.
As independent retailers, our members are empowered to do what
they can to enhance their surrounding neighborhood. True Value’s
Southwest Lumber in Yuma, Ariz., is a shining example.
This past year, True Value’s Southwest Lumber sponsored a proj-
ect to build the largest children’s playground in its hometown of
Yuma. The store donated lumber, building supplies, screws and
tarps to the project. But the real nuts and bolts of the project were
the store associates who volunteered more than 200 hours to
complete the playground.
“The project was more than a simple playground build – it’s the
largest playground in the city,” said store general manager Dick
Miner. “The new play space is symbolic of our community uniting
to build a positive, safe place for local children and families.”
Like our retailers, the co-op looks to its surrounding community to
inform the direction of its charitable giving. Building on our mem-
bers’ philanthropic efforts, the co-op’s 2007 United Way annual
campaign secured record-breaking participation numbers. Co-op
participation was up 42 percent. Overall, the campaign raised nearly
$350,000 with the co-op match. The United Way directs these funds
to address specifi c needs in the community, including early educa-
tion, domestic violence and homelessness.
True to fashion, our vendors also contribute. Through the True Value
Charity Golf Classic, these retail partners each year raise much-
needed funds for the Cotter Boys and Girls Club of Chicago. The
2007 golf outing and auction raised more than $600,000 in funds
that will help at-risk Chicago-area youth.
Now in its eighth year, True Value continues to award scholarships
to college-bound children of members and associates. In 2007, the
program awarded 85 scholarships for a total of $86,000 donated in
scholarship funds.
“With the scholarship, the co-op has helped my daughter as she
starts on a course to a great future,” said Brad Moss, Moss True
Value Hardware, Taylor, Texas. “This scholarship program shows that
True Value realizes the importance of an education and supports
our children and families.”
Looking forward, True Value plans to further demonstrate its com-
mitment to the community by aligning its philanthropic efforts
under a signature platform in 2008. The platform will refl ect True
Value’s business goals, build goodwill for the co-op and its mem-
bers, and continue to positively impact the communities that our
retailers serve.