AAFES News Release
Grafenwoehr, Germany – Soldiers, retirees, Veterans and military families know it pays to shop their Exchange. In 2019, authorized Grafenwoehr Exchange shoppers generated $1.59 million of critical support for military Quality-of-Life programs in the form of earnings-based dividends.
The dividends help fund Quality-of-Life programs at USAG Bavaria, such as Child, Youth and School Services; Armed Forces Recreation Centers; and other programs that support the military.
One-hundred percent of the Army & Air Force Exchange Service’s worldwide earnings are invested in the military community, with 59 percent going to dividends supporting Quality-of-Life programs, and the remaining 41 percent used to improve the experience in stores and at ShopMyExchange.com.
“The Exchange is Family Serving Family,” said Grafenwoehr Exchange marketing manager, Chris Litch. “Exchange earnings improve the lives of Soldiers and their families.”
The Grafenwoehr Exchange dividend is a part of the $217 million the Army & Air Force Exchange Service generated worldwide in 2019. In the last 10 years, the Exchange has contributed $2.2 billion to morale, welfare and recreation programs integral to Army recruiting, readiness and resiliency.
Part of the Exchange’s dividend was generated by Veterans. On Jan. 1, 2020, 4.1 million Veterans, with service-connected disabilities, and certain caregivers were welcomed home with in-store shopping privileges. Since 2017, all honorably discharged Veterans have been authorized to shop the Exchange online. Veterans can find out more about their earned benefits on the Exchange’s community Hub page at https://bit.ly/Vets4Life.
Despite the upheaval caused by the COVID-19 pandemic and the ever-changing retail landscape, the Exchange remains dedicated to supporting troops and their families — wherever the military mission takes them.
The Army & Air Force Exchange Service goes where Soldiers, Airmen and their families go to improve the quality of their lives through goods and services provided. Exchange earnings provide dividends to support military morale, welfare and recreation programs. The Exchange is part of the Department of Defense and is directed by a Board of Directors, responsible to the Secretaries of the Army and Air Force through the Chiefs of Staff. To find out more about the Exchange history and mission or to view recent press releases please visit our Web site at http://www.aafes.com/about-exchange/public-affairs/press-releases.htm or follow us on Twitter at https://twitter.com/ExchangePAO.