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Classified in: Oil industry
Subjects: NPT, CSR

FirstEnergy Foundation Completes Final Round of "Investing with Purpose" Grants to Community Organizations


Combined with donations from FirstEnergy Corp., initiative has collectively gifted $7 million to organizations since 2020

AKRON, Ohio, Aug. 18, 2022 /PRNewswire/ -- The FirstEnergy Foundation awarded more than $3.43 million to nearly 100 organizations across its six-state service territory for the final round of "Investing with Purpose," an initiative focused on supporting nonprofit organizations that advance health and safety, workforce development, educational and social justice initiatives. In addition, FirstEnergy Corp. (NYSE: FE) provided $220,000 to five organizations as part of the initiative. The grants build on $3.3 million in charitable contributions the Foundation awarded in December 2020 as part of the initial round of giving, which has collectively gifted $7 million to nearly 200 nonprofit organizations making a difference in the communities served by FirstEnergy's 10 electric companies.

"Investing with Purpose" was developed in response to the COVID pandemic, which created health, financial and educational hardships for customers across FirstEnergy's footprint, and in response to the events of 2020 that highlighted racial and social injustices impacting our nation. With those issues in mind, the Foundation identified philanthropic opportunities through nonprofit organizations across its service territory that are responding to needs of vulnerable populations. The "Investing with Purpose" initiative represents an additional commitment on top of the company's annual charitable giving, which averages approximately $10 million per year.

"Many of our communities are still facing a significant hardship due to the pandemic. Nonprofit organizations on the frontline of our current health and economic crisis have realigned to support current needs in the community, including housing, workforce development and training, and the continued support of our healthcare workers," said Lorna Wisham, vice president of Corporate Affairs & Community Involvement and president of the FirstEnergy Foundation. "We've witnessed the positive impact these grants made for deserving organizations in 2020, and we look forward to seeing how the second round of contributions will help strengthen the communities we serve."

"Investing with a Purpose" grants were presented to organizations that support initiatives in four key areas:

For a full list of "Investing with Purpose" grant recipients, visit the FirstEnergy Foundation on the company's website.

The FirstEnergy Foundation is funded solely by FirstEnergy Corp. and provides support to non-profit, tax-exempt health and human services agencies; educational organizations; cultural and arts programs and institutions; and civic groups in areas served by FirstEnergy's 10 electric operating companies and in areas where the company conducts business.

FirstEnergy is dedicated to safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com. Follow FirstEnergy and its utilities on Twitter @FirstEnergyCorp, @ToledoEdison, @IlluminatingCo, @OhioEdison, @MonPowerWV, @JCP_L, @Penn_Power, @Penelec, @Met_Ed, @PotomacEdison, @W_Penn_Power.

SOURCE FirstEnergy Corp.


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