Submitted by Gap Inc.
Gap Inc. today announced it will meet the challenge made by gold medal speedskater winner Joey Cheek by pledging $25,000 to Right to Play, a humanitarian organization that uses play and sport to further the development and health of children in disadvantaged regions of the world.
After winning the gold medal, Mr. Cheek announced he would donate his $25,000 bonus to Right to Play. He called upon the community to match his donation and help children gain physical benefits and develop life skills and strong values through the organization.
Inspired by Mr. Cheek's generosity, Gap Inc. decided to make a grant to help in this cause.
"We are moved by Mr. Cheek's commitment to this worthy cause and encouraged by this type of leadership in philanthropy. It proves that one person can really make a difference," said Bobbi Silten, Chief Foundation Officer of Gap Inc.
For nearly three decades, Gap Inc. has actively supported communities around the world through Gap Foundation. Last year, Gap Inc. made $33 million in cash and in-kind donations to community causes.
About Gap Foundation
Since 1976, Gap Foundation has spearheaded the company's community involvement efforts through grants, in-kind donations, community outreach and employee volunteer programs. The Foundation primarily supports organizations focused on children, youth and families.
Gap Inc. (NYSE: GPS) is a leading global retailer offering clothing, accessories, and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. Fiscal year 2012 net sales were $15.7 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 300 franchise stores and e-commerce sites. For more information, please visit www.gapinc.com.
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