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'Moving the Needle'

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'Moving the Needle' ‘Moving the Needle’ 2010 Report to the Community F FULFILLMENT Weekend in Boca convenes for fourth year National Backpack Program marks 10th year Dream UP inspires 11,000+ middle school kids Foundation sends 40,000 pounds of rice to Haiti Caring Connection registers 3,200 volunteers Foundation donates over 2 million backpacks 5,200 non-prots receive support Disaster Help Desk elds 7,900+ calls and e-mails E NO HOPE 2010 Report to the Community 1 “As a global company that is dedicated to Taking Care of Business for our customers, it is only natural for Office Depot to be equally committed to taking care of communities where we have a presence − and even where we do not. Compassion and concern for others have always been part of Office Depot’s culture. By supporting the outstanding work of the Office Depot Foundation, we are pleased to continue our tradition of service to the global community.” − Neil Austrian, Lead Director and Interim Chairman and CEO About the Office Depot Foundation The Office Depot Foundation is an independent foundation (tax exempt under IRC Sec. 501(c)(3)) that serves as the independent charitable giving arm of Office Depot, Inc. In keeping with its mission, Listen Learn Care®, the Foundation supports a variety of programs that help children succeed in school and in life; enable civil society (non- profit) organizations to become more efficient and effective; help people and businesses prepare for disasters, then recover and rebuild afterwards; strengthen local communities through grants, product donations and volunteerism; and encourage community development through entrepreneurship and economic innovation. For more information, visit www.officedepotfoundation.org. About Office Depot Every day, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,598 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.2 billion e-commerce operation. Office Depot has annual sales of approximately $12.1 billion, and employs about 41,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 53 countries. Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Welcome… If you Google the phrase “moving the needle,” you’ll encounter several interpretations that are directly relevant to what we do at the Office Depot Foundation. “Moving the needle. I love that metaphor. It’s about change in a desired direction,” writes blogger Terrence Seamon. Other definitions include “making a noticeable difference,” “showing progress” and “effecting transformative change.” We live in a world and conduct our business in an economic environment where progress is more likely to be measured in baby steps than in giant leaps. At the Office Depot Foundation, we are gratified to know that we are making a difference one child at a time, one volunteer at a time, one “aha moment” at a time. As we carry out our programs with each passing year, we are motivated not only by the desire to move the needle with which we measure our own success, but also to help non- profit organizations and communities movetheirs . Based on what we see and hear, we are making positive strides. For this, we thank Office Depot and the many other contributors who generously invest in our mission. We appreciate the numerous volunteers who dedicate their time and talents to assist us. And we are grateful to our many partners for their boundless creativity, passion and commitment to the people and causes they serve. As we all go forward together by listening, learning and caring, I am confident that we will continue to move the needle in the direction that we desire. Our children, our communities and our world deserve no less. Mary Wong, President FULFILLMENT 2010 Report to the Community 1 NO HOPE FULFILLMENT NO HOPE ‘Totally Transformed’ Inspiring Non-Profit Leaders to Action When Noah Manyika, President of NeXus Urban Serve in Charlotte, North Carolina, speaks, it’s hard not to be transfixed. “When I came to the Weekend in Boca, I was at a crossroads,” he said recently. “I had worked in this community 15 years and I was asking myself, ‘What’s the point?’ It’s not that we hadn’t had successes, but we couldn’t demonstrate that our kids had entered a transformative cycle. If 48 percent of kids from challenged communities in America’s second largest banking city didn’t graduate from high school, there’s a problem. “At Weekend in Boca it became clear to me that we would need to cast a vision for a comprehensive community initiative that would require a lot of resources to implement.” Evoking memories of the aftermath of natural disasters in New Orleans and Cedar Rapids, he continued: “What we needed to do was to convince people that we had a disaster − a flood, albeit a dry one − in Charlotte in order to move them to action. My board members tell me I was totally transformed after Boca Raton.” Noah Manyika’s story provides just one example of the impact that the Office Depot Foundation makes by sponsoring our annual Weekend in Boca Civil Noah Manyika (right) discusses his ideas with Jay Hein, Society Leadership Symposium in Boca president of the Sagamore Institute for Policy Research, Raton, Florida. Manyika was among during Weekend in Boca III. nearly 150 leaders from non-profit organizations, government agencies and the business community who came together for the third annual symposium last December. Presented in conjunction with the U.S. Chamber of Commerce Business Civic Leadership Center, the Sagamore Institute for Policy Research and SCORE, Weekend in Boca represents one of the key ways in which we advance our strategic objective of helping non-profit organizations to become more efficient and effective. 2 Moving the Needle Rx for Recovery: Fostering a Spirit of Partnership to Help Each Other One participant characterized the three-day combination of panel discussions and keynote presentations as “the most effective, useful symposium I’ve been to in years. It will help me immeasurably to help build a strong foundation and help my non-profit to grow.” As in previous years, Weekend in Boca led to the publication of a A Report Inspired by the Office Depot Foundation white paper that not only captured the spirit of the gathering, but Civil Society Leadership Symposium December 6-8, 2009 served as a call to action. Entitled Rx for Recovery: Fostering a Boca Raton, Florida Jay Hein, SagamoreAuthors: Institute for Policy Research Spirit of Partnership to Help Each Other, the document inspired two Stephen Jordan, U.S. Chamber Business Civic Leadership Center Mary Wong, Office Depot Foundation separate “Conversation on Community Renewal” events that the Foundation hosted in mid-2010 in Elkhart, Indiana, and Charlotte. In economically hard-hit Elkhart, Rod Roberson − a city council member and director of Back-2-School Elkhart − joined the Foundation in welcoming 35 community leaders to hear Rosemary Dorsa, Vice President for Partnerships and Special Initiatives with the Central Indiana Community Foundation, speak about a successful collaborative effort that resulted in the creation of a community center in an economically disadvantaged Indianapolis neighborhood. Roberson is spearheading a similar initiative in his community, where the 2010 Back-2-School Elkhart event helped more than 6,000 children get ready for the new school year. With the Office Depot Foundation’s support, Back-2-School Elkhart helped children prepare for the 2010 school year. 2010 Report to the Community 3 Alluding to the white paper, Roberson said, “This ‘Rx for Recovery’ could be Rx for empowerment, Rx for development, Rx for education, Rx for nutrition, Rx for whatever ails you. That’s what communities are and that’s what non-profits do.” Less than two weeks later, we partnered with NeXus Urban Serve to host 50 community leaders The line of people waiting to enter the Back-2-School for a briefing on the Charlotte Elkhart event stretched several blocks. Empowerment Zone, the initiative that Noah Manyika acknowledges was inspired during Weekend in Boca. The project is designed to build collaborative partnerships that will enhance educational opportunities for children in some of Charlotte’s most impoverished neighborhoods. “Our goal is that every child in our Empowerment Zone will not just graduate from high school, but will go on to college,” he explained. Through Weekend in Boca and similar programs throughout the year, we provide meaningful opportunities for non-profit organizations and their key leaders to meet, interact and share successes as well as frustrations. From these conversations come inspiration, collaboration and actions that move multiple needles in communities where change is strongly desired. Office Depot District Manager Sam Moore (left) and Mishawaka, Indiana, Store Manager Paul Jacobsen (right) listen as Rod Roberson talks about the importance of non-profit organizations during the Elkhart “Conversation on Community Renewal.” 4 Moving the Needle Listen Learn Care Awards To highlight our mission and celebrate achievements in community service, the Office Depot Foundation presented our third annual Listen Learn Care Awards in December 2009. The distinguished recipients included: • Tony Stewart, a two-time NASCAR Sprint Cup Series™ champion, driver of the No. 14 Office Depot/Old Spice Chevrolet and founder of the Tony Stewart Foundation, along with his mother, Pam Boas, who serves as its treasurer. The Tony Stewart Foundation has awarded almost $4 million to non-profit organizations that assist chronically ill children, help drivers injured in motorsports activities and work to protect various animal species.
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