J. C. Penney Company Inc will mark 105 years in the retail industry on April 12, 2007, offering style and quality to its customers at smart prices for more than a century. To honor its legacy, JCPenney is celebrating its anniversary and showing that “Every Day Matters” by giving back to communities across the nation through a $3.5 million charitable contribution to support America's underserved children and organized volunteer events for its Associates.
“Founded on The Golden Rule, JCPenney has a long history of giving back to the communities in which we live and do business. What better way to celebrate our anniversary than through community involvement,” said Myron E. (Mike) Ullman, III, chairman and chief executive officer of JCPenney.
“Community involvement strengthens our emotional connection with customers and further establishes us as a committed community partner. Our anniversary celebration provides yet another opportunity to engage our Associates and show our communities that what matters to them, matters to us.”
$3.5 Million Contribution: JCPenney will make a $2.5 million contribution this year to the JCPenney Afterschool Fund, a non-profit organization which provides disadvantaged youth throughout the country with access to high-quality, nurturing afterschool programs that produce healthier lifestyles, improved social skills and enhanced academic performance.
Additionally, the Company will contribute $1 million in JCPenney gift cards to be given to each child who receives an afterschool access grant to assist with the purchase of school clothing and supplies. This school year, more than 15,000 children across the nation are participating in safe, enriching afterschool programs thanks to the JCPenney Afterschool Fund and its contributions.
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