Stanley Black & Decker Brand DEWALT and White Cap Partner for St. Jude Donation
Stanley Black & Decker (NYSE:SWK) brand DEWALT and construction supply distributor White Cap have partnered for a fourth consecutive year to support St. Jude Children's Research Hospital. The companies are presenting a joint $175,000 donation on October 18, while DEWALT will generate up to $25,000 in additional funds through product sales at participating White Cap locations throughout October.
The annual campaign highlights corporate social responsibility initiatives across the industrial and construction supply sectors. As part of the effort, Joe Gibbs Racing driver Christopher Bell will race the No. 20 DEWALT Toyota at Phoenix Raceway featuring special St. Jude co-branding and artwork created by an 11-year-old St. Jude patient.
Investors and racing fans can follow the partnership's promotional events during race weekend at Phoenix Raceway on October 18. Shares of Stanley Black & Decker traded up 2.72 percent at $92.75 following the announcement.
Key points
- DEWALT, a Stanley Black & Decker (NYSE:SWK) brand, and White Cap are contributing $175,000 to St. Jude Children's Research Hospital.
- DEWALT will raise an extra $25,000 through product sales at participating White Cap branches during October.
- NASCAR driver Christopher Bell will run artwork designed by an 11-year-old St. Jude patient on the No. 20 DEWALT Toyota at Phoenix Raceway.
- Stanley Black & Decker shares rose 2.72% to $92.75 on the day of the announcement.
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How much are DEWALT and White Cap donating to St. Jude?
DEWALT and White Cap are donating a combined $175,000 directly, along with up to $25,000 in additional funds raised through product sales in October, bringing the total commitment to $200,000.
When is the St. Jude race car driving at Phoenix Raceway?
The No. 20 DEWALT Toyota featuring St. Jude artwork will be showcased at Phoenix Raceway on Sunday, October 18.