CVS Health Foundation invests $1 million in Rhode Island nonprofits tackling community health needs

CVS (CVS), through the CVS Health Foundation, is investing $1 million via its Hometown Fund in 20 Rhode Island nonprofits.

Rhea-AI Summary

CVS (CVS), through the CVS Health Foundation, is investing $1 million via its Hometown Fund in 20 Rhode Island nonprofits.

Grants support access to health care, food, stable housing and essential services, and follow more than $2.64 million in 2025 charitable giving and other community investments in Rhode Island.

Argus Jun 25 session

+2.74% close to close Open Argus

Details

News Market Reaction – CVS

On Jun 25, the day this news came out, CVS closed 2.74% above the previous close.

Data tracked by StockTitan Argus for the Jun 25 session.

Key Figures

Hometown Fund grants: $1 million Grantee organizations: 20 organizations Charitable giving: $2.64 million +1 more

Hometown Fund grants

$1 million

2026 Hometown Fund investment in Rhode Island nonprofits

Grantee organizations

20 organizations

Local nonprofits receiving 2026 Hometown Fund grants

Charitable giving

$2.64 million

CVS Health and CVS Health Foundation giving in Rhode Island in 2025

Health screenings

1,200 Rhode Islanders

People receiving free Project Health screenings last year

Historical Context

5 past events · Latest: Jun 22

5 events

1. Jun 22

   Pharmacy access initiative

   24h Move

   +3.6%

   Expanded GLP‑1 support and lower out‑of‑pocket costs across CVS network.

2. Jun 05

   Credit rating action

   24h Move

   +0.5%

   AM Best affirmed Aetna subsidiaries’ ratings with stable outlooks and strong balance sheet.

3. May 29

   Technology recognition

   24h Move

   -2.1%

   Newsweek AI Impact Award for AI‑driven prescription interpretation and patient safety.

4. May 28

   New care program

   24h Move

   -2.1%

   Launch of Aetna Mental Health On Demand for real‑time access to clinicians.

5. May 28

   Real estate transaction

   24h Move

   +1.0%

   ARCTRUST acquired NNN portfolio including CVS Pharmacy‑leased properties with long terms.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Local organizations receive Hometown Fund support to expand access to health care, food, housing and essential services

WOONSOCKET, R.I., June 25, 2026 /PRNewswire/ -- The CVS Health Foundation is investing $1 million in grants through its Hometown Fund to 20 organizations that are making a difference for Rhode Islanders every day. This year, Hometown Fund grants will support local nonprofits working to increase access to health care, address food insecurity, expand availability of stable housing and improve community health across the state.

"We're investing in Rhode Island nonprofits that are meeting people where they are – helping individuals and families access health care, food, stable housing and the support they need to stay healthy," said Jenny McColloch, president of the CVS Health Foundation. "Through our Hometown Fund, we focus on communities our colleagues call home, supporting organizations that are addressing the everyday factors that shape wellbeing and make a real difference across the state."

Aldersbridge Communities, a 2026 CVS Health Foundation Hometown Fund grant recipient, is making a meaningful impact for older adults across Rhode Island by connecting affordable housing with essential health care services. Offering a continuum of care, from independent, assisted living and memory care assisted living, Aldersbridge Communities helps residents maintain their independence while receiving the support they need to stay healthy. This grant will help strengthen those services, ensuring more older adults can age with dignity, stability, and a strong sense of community.

"The support of the CVS Health Foundation allows us to expand our work to make compassionate, innovative, inclusive and affordable elder care services available to all Rhode Islanders," said Elise Strom, chief development officer of Aldersbridge Communities. "This grant will strengthen our strategic planning efforts, helping us develop new communities, advance environmental sustainability initiatives and build a strong foundation for the future."

From helping older adults live independently and increasing access to affordable care, to ensuring families don't have to worry about their next meal, this year's grantees reflect the strength and resilience of communities across Rhode Island. Alongside Aldersbridge Communities, additional recipients of the Hometown Fund in Rhode Island include Better Lives Rhode Island, Blackstone Health, Children and Youth Cabinet, Clinica Esperanza/Hope Clinic, Community Blessings Foundation, Federal Hill House Association, Good Neighbors, Inspiring Minds, Lucy's Hearth, Mae Organization, Meals On Wheels RI, Northern RI Food Pantry, OpenDoors, Rhode Island Public Health Institute, Shri Service Corps, Southside Community Land Trust, The Jonnycake Center, Westerly-Area-Rest-Meals (WARM), and Youth Pride.

The Hometown Fund supports local nonprofits across Rhode Island and in the Hartford, Connecticut area — two key communities where CVS Health colleagues live and work. Through this annual grant program, the Foundation provides general operating support to organizations that are making a difference by expanding access to health care and addressing the everyday factors that shape people's wellbeing, like nutritious food and housing.

The CVS Health Foundation is announcing this year's Hometown Fund grantees as part of its ongoing commitment to making a meaningful impact in Rhode Island, where the company is headquartered. In 2025, CVS Health and the CVS Health Foundation provided more than $2.64 million in charitable giving across the state, along with significant investments in affordable housing and workforce development initiatives that help create pathways to long-term stability. Through programs like Project Health, CVS Health delivered free health screenings to nearly 1,200 Rhode Islanders last year, while colleague volunteers contributed thousands of hours to support local communities. Together, these efforts reflect a comprehensive approach to improving community health across the Ocean State.

About CVS Health Foundation
The CVS Health Foundation has a proud history of supporting local communities across various regions throughout the United States. The Foundation is dedicated to uniting communities to address health challenges in collaboration with a wide range of nonprofit grantees. The Foundation collaborates on programs that enhance health outcomes, with focus areas including mental well-being, healthy aging, maternal health, health impacts from extreme weather and chronic conditions like cardiovascular disease and diabetes. It also helps lay the groundwork for a healthier future by assisting organizations that address food security and promote educational opportunities. Additionally, the CVS Health Foundation supports CVS Health colleagues by backing the causes that are most meaningful to them through its Matching Gifts, Volunteer Challenge Grants and Children of Colleague Scholarship programs.

Media contact
Courtney Tavener
401-712-3698
Courtney.Tavener@CVSHealth.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cvs-health-foundation-invests-1-million-in-rhode-island-nonprofits-tackling-community-health-needs-302810248.html

SOURCE CVS Health

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What community investment did CVS (CVS) announce for Rhode Island on June 25, 2026?

CVS Health announced a $1 million investment through the CVS Health Foundation’s Hometown Fund for 20 Rhode Island nonprofits. According to CVS Health, these grants target health care access, food insecurity, stable housing, and broader community health needs across the state.

Which Rhode Island nonprofits are receiving CVS Health Foundation Hometown Fund grants in 2026?

Twenty nonprofits in Rhode Island are receiving 2026 Hometown Fund grants from CVS Health Foundation. According to CVS Health, recipients include Aldersbridge Communities, Meals On Wheels RI, Northern RI Food Pantry, Southside Community Land Trust, Youth Pride and other organizations addressing health, food and housing needs.

How does the CVS Health Foundation Hometown Fund support community health in Rhode Island?

The Hometown Fund provides general operating grants to nonprofits expanding health care access, food, housing and essential services. According to CVS Health, this approach targets everyday factors shaping wellbeing, complementing programs like Project Health screenings and workforce development initiatives in Rhode Island communities.

What role does Aldersbridge Communities play in CVS (CVS) 2026 Hometown Fund grants?

Aldersbridge Communities is a 2026 Hometown Fund grantee focused on affordable housing linked with elder care services. According to CVS Health, the grant supports strategic planning, new communities, environmental sustainability efforts and a continuum of care that helps older adults maintain independence with needed health support.

How much did CVS Health and CVS Health Foundation give in Rhode Island before the 2026 Hometown Fund grants?

In 2025, CVS Health and CVS Health Foundation provided more than $2.64 million in charitable giving across Rhode Island. According to CVS Health, they also made investments in affordable housing and workforce development, and delivered free health screenings to nearly 1,200 Rhode Islanders through Project Health.

What is the geographic focus of the CVS Health Foundation Hometown Fund grants?

The Hometown Fund focuses on nonprofits in Rhode Island and the Hartford, Connecticut area, where many CVS colleagues live and work. According to CVS Health, these annual grants back organizations improving access to health care, nutritious food, housing stability and everyday wellbeing in these key communities.