- Over $500 million in grants to
20,000+ charitable organizations since 1984
- Video on the Duke Energy Foundation's 40th anniversary
available here
- $240,000 in surprise grants
awarded to long-standing nonprofit partners (photos
available)
CHARLOTTE, N.C., Aug. 1, 2024
/PRNewswire/ -- This year marks a significant milestone for the
Duke Energy Foundation as it celebrates its 40th anniversary. Born
out of the company's historical commitment to citizenship and
service, the Foundation has evolved over four decades into a
philanthropic powerhouse focused on building vibrant economies,
boosting climate resiliency, and fostering justice, equity and
inclusion.
"The Foundation's legacy is not just measured in dollars but in
relationships we've built with nonprofits leading meaningful work
across the communities we've served," said Amy Strecker, Duke Energy Foundation president.
"From funding critical home repairs for seniors and supporting
emergency preparedness for first responders, to providing financial
relief to families for food, housing and other essentials, the Duke
Energy Foundation addresses the unique needs of its communities and
empowers thousands of nonprofits to make a difference."
A legacy of giving
With more than $500 million in grants to 20,000-plus charitable
organizations since its inception in 1984, the Duke Energy
Foundation has created significant value for the regions it serves
and forged lasting relationships with countless community
partners.
To commemorate 40 years of giving, the Duke Energy Foundation
surprised 24 long-standing partners with $240,000 in grants. Collectively, grant
recipients represent the many types of partners the Foundation has
worked with over the past four decades across North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky and Tennessee.
"Being selected by Duke Energy as a special anniversary grant
recipient in Florida is an honor,
evidence of the trust developed during our long-standing
partnership and another example of their generous support of small
businesses and the Hispanic community," said Augusto Sanabria, Prospera president and CEO.
"We congratulate the Duke Energy Foundation on its 40th anniversary
and remain committed to being diligent stewards of their
investments in our mission to help start, sustain and grow
Hispanic-owned businesses to achieve community prosperity."
Looking ahead
The Duke Energy Foundation remains
steadfast in its mission to power the vitality of its communities,
driving toward a five-year commitment to invest $150 million in line with the net-zero business
strategy and efforts toward a just transition. With a sharpened
focus on meeting the evolving needs of its customers, the
Foundation is poised to continue listening, partnering and
responding with volunteerism and strategic investments to foster a
brighter tomorrow.
"This milestone is a celebration of both our past and our
future, and a testament to our community partners and Duke Energy
employees who have been instrumental in our 40-year journey," said
Strecker. "We look forward to harnessing our history to ensure many
more years of creating positive, lasting impacts,
together."
For more information on the Duke Energy Foundation and its
initiatives, visit duke-energy.com/Foundation.
Duke Energy Foundation
The Duke Energy Foundation provides more than $30 million annually in philanthropic support to
meet the needs of communities where Duke Energy customers live and
work. The Foundation is funded by Duke Energy shareholders.
Duke Energy
Duke Energy (NYSE:
DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of
America's largest energy holding companies. The company's electric
utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky, and collectively own
54,800 megawatts of energy capacity. Its natural gas utilities
serve 1.7 million customers in North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition,
keeping reliability, affordability and accessibility at the
forefront as the company works toward net-zero methane emissions
from its natural gas business by 2030 and net-zero carbon emissions
from electricity generation by 2050. The company is investing in
major electric grid upgrades and cleaner generation, including
expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and
the Duke Energy News Center. Follow Duke Energy
on Twitter, LinkedIn, Instagram and Facebook,
and visit illumination for stories about the people and
innovations powering our energy transition.
24-Hour: 800.559.3853
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SOURCE Duke Energy