“The Exchange is family serving family.”
— Lawrence Simmons Jr.
Army & Air Force Exchange Service
FORT CARSON, Colo. — Colorado Springs Consolidated Exchange General Manager Lawrence Simmons Jr., second from left, presents Garrison Commander Col. Nate Springer, second from right, with a check for $2.14 million in the form of earnings-based dividends July 31, 2020. Simmons and Springer were joined by Garrison Command Sgt. Maj. Kenyatta Mack and Michael O’Donnell, director of Family and Morale, Welfare and Recreation, for the presentation at the Fort Carson Mini Mall. (Photo by Michael Casserly)
FORT CARSON, Colo. — Soldiers, retirees, veterans and Family members know it pays to shop their Exchange. In 2019, authorized Fort Carson Exchange shoppers generated $2,144,382 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 Fort Carson, such as Child and Youth Services, armed forces recreation centers and other programs that support the military.
One hundred percent of the Army & Air Force Exchange Service’s (AAFES) 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 Colorado Springs Consolidated Exchange General Manager Lawrence Simmons Jr. “Exchange earnings improve the lives of Fort Carson heroes and their Families.”
The Carson Exchange dividend is a part of the $217 million AAFES generated worldwide in 2019. In the last 10 years,
the exchanges have 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, AAFES remains dedicated to supporting troops and their Families, wherever the military mission takes them.
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