Lowe's Announces $1 Million Pledge to Hurricane Irene Disaster Relief

Donation in addition to $1 million commitment from Lowe's Charitable and Educational Foundation to rebuild schools affected by natural disasters in 2011

MOORESVILLE, N.C.--(BUSINESS WIRE)-- In the wake of Hurricane Irene, Lowe's Companies Inc. announced today the company will pledge $1 million to disaster relief and rebuilding efforts in communities affected by the storm.

This donation is in addition to the $1 million Lowe's donated this spring in response to flooding and a series of tornadoes that devastated communities in Missouri, Alabama and North Carolina. Also, the Lowe's Charitable and Educational Foundation dedicated $1 million to rebuilding schools affected by natural disasters in 2011.

"We're making this commitment nationally, regionally and locally to help families rebuild their lives and meet the critical needs in the hardest-hit communities," said Robert A. Niblock, Lowe's chairman, president and CEO. "This has been a record-setting year for disasters across the country, and Lowe's will continue to provide funding, supplies and volunteers whenever possible."

Lowe's Command Center is working around the clock to obtain the essential products residents need to recover from the storm and is expediting those products to stores as quickly as possible. Lowe's team members throughout the impacted region and across the country are working to help customers when they return home, and help relieve affected Lowe's employees so they may attend to their own homes and families.

ABOUT LOWE'S:

Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. The company's signature education grant program, Lowe's Toolbox for Education, has brought more than $5 million in grants to K-12 public schools every year since its inception in 2005. Lowe's Heroes employee volunteers support local community projects and our national nonprofit partners such as Habitat for Humanity International and the American Red Cross. In 2010, Lowe's and the Lowe's Charitable and Educational Foundation together contributed more than $30 million to support communities in the United States, Canada and Mexico. To learn more, visit Lowes.com/socialresponsibility.

    Source: Lowe's Companies Inc.