CVS Caremark Charitable Trust Makes Initial Donation of $100,000 to Relief Effort in Japan

WOONSOCKET, R.I., March 15, 2011 /PRNewswire/ -- The CVS Caremark Charitable Trust announced today a donation of $100,000 to the American Red Cross in support of relief efforts underway in Japan following last week's tragic earthquake and tsunami, with a potential total donation of up to $300,000 through the matching of CVS Caremark employee donations.

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CVS Caremark is working with the Red Cross to establish a dedicated online donation portal for any of its approximately 200,000 employees who want to contribute. The CVS Caremark Charitable Trust will match employee donations up to $100,000.

"With the impact of this terrible event still occurring and given the potential for serious long-term health challenges across northeastern Japan, we are providing support to the American Red Cross as it helps the Japanese Red Cross provide first aid, emotional support and relief items to those who have been displaced," said Eileen Howard Boone, Vice President, CVS Caremark Charitable Trust.

"This contribution from the CVS Caremark Charitable Trust is critically important as we work to provide help and hope to survivors of the Japan earthquake and Pacific tsunami," said Michael J. Brown, Vice President of Corporate and Foundation Giving at the American Red Cross. "In times of disaster, assistance from our corporate partners is key to our ability to fulfill our humanitarian mission."

For information about the American Red Cross, please visit www.redcross.org.

About the CVS Caremark Charitable Trust

The CVS Caremark Charitable Trust, Inc. is a private foundation created by CVS Caremark Corporation (NYSE: CVS).  CVS Caremark is the largest pharmacy health care provider in the United States.  The Trust's mission is to provide funding for health care, education and community involvement initiatives in CVS Caremark communities.  General information about CVS Caremark is available through the Investor Relations section of the Company's web site at http://investor.cvs.com, or through the web site's press room at http://www.cvscaremark.com/newsroom.

SOURCE CVS Caremark Charitable Trust