Toll Brothers to Donate Over 1,500 Home Appliances to HomeAid and Other Charities

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Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, has announced that it will donate well over 1,500 like-new appliances to charities throughout the regions where its communities are located.

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It’s simply a matter of doing the right thing. The only option here is to find a place where these like-new appliances can be put to good use, and I can’t think of a better organization to handle the dispersal – we are proud to be able to contribute.

Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, has announced that it will donate well over 1,500 like-new appliances to charities throughout the regions where its communities are located. Distribution has already begun and is being managed by HomeAid, a non-profit organization that provides housing for the homeless. In regions where HomeAid does not operate, distribution is being managed by Goodwill, The Salvation Army, Habitat for Humanity, and Covenant House.

Due to a change in partnership with Toll Brothers' major appliance provider, the builder will be replacing appliances in its model homes and design studios throughout the country. That leaves the appliances available for those who need them.

"It's simply a matter of doing the right thing,” said Zvi Barzilay, President and COO for Toll Brothers and a HomeAid board member. "The only option here is to find a place where these like-new appliances can be put to good use, and I can't think of a better organization to handle the dispersal – we are proud to be able to contribute,” he added.

Founded in 1989 in Southern California by an affiliate of the National Association of Home Builders, HomeAid builds and maintains dignified housing where homeless families and individuals can rebuild their lives. This renowned organization now has 20 active chapters in 15 states around the nation. According to their website, "The HomeAid Shelter Development Program consists of homebuilders, their trades, and their suppliers constructing, on behalf of service providers with proven track records, multi-unit shelters where the homeless can learn the job and life skills necessary to return them to the mainstream. HomeAid's shelters serve abused children, victims of domestic violence, homeless veterans, at-risk teens, people living with HIV/AIDS, the temporarily unemployed, and victims of natural disasters and other catastrophes.”

Appliances to be donated include washers, dryers, microwave ovens, ranges, dishwashers, wall ovens, cooktops, and refrigerators. To learn more, visit HomeAid.org.

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates nationwide.

Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.

Toll Brothers, a Fortune 1000 company, recently received the #1 ranking in FORTUNE Magazine's 2010 World's Most Admired Companies Survey among home building companies, and is honored to have won the three most coveted awards in the home building industry: America's Best Builder, the National Housing Quality Award, and National Builder of the Year. For more information, visit TollBrothers.com.

This is not an offering where prohibited by law.

CONTACT: Kira McCarron, Chief Marketing Officer (215) 938-8000

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Kira McCarron