It's the largest pledge to date for ToolBank USA, the non-profit organization that provides tools -- from hand tools to hoses -- to volunteer organizations working to improve their communities.
Stanley will pay ToolBank USA $1 million over the next five years.
"This donation is about helping a strong, smart organization to bring its phenomenal work to even more communities across the country," said Tim Perra, global communications director, Stanley Black & Decker.