FirstEnergy Adds $15 Million to FirstEnergy FoundationAdded Funds Bring Foundation Total to Nearly $50 Million
AKRON, Ohio, Feb. 23, 2016 -- FirstEnergy Corp. (NYSE: FE) has added $15 million to its philanthropic FirstEnergy Foundation, bringing the Foundation's total funds to nearly $50 million.
Since 2001, using both principal and interest, the Foundation has made grants of more than $62 million across FirstEnergy's service area and in communities where the company does business. Of those grants, nearly $29 million has been given to United Ways in the company's six-state service area, with millions more given to universities and colleges, cultural organizations and events and other charitable causes, large and small.
"Since 2001, the FirstEnergy Foundation has been a source of tremendous pride for the company, making grants to worthy causes and organizations across our service areas and in communities where we do business," said Charles E. Jones, president and chief executive officer of FirstEnergy. "These additional funds demonstrate our continuing commitment to improving the quality of life of our customers, our employees and their communities."
The FirstEnergy Foundation's reach also has expanded over the years, most recently with the addition of Allegheny Energy's utility service area in 2011. These additional funds will strengthen the Foundation as it continues to work to make a positive impact in communities throughout its service area for years to come.
Those who wish to apply for grants are encouraged to discuss grant inquiries with local managers at FirstEnergy companies, including area managers, or with the staff of FirstEnergy's Community Involvement department. For more information, including contact information and a link to the Foundation's grant application, please visit https://www.firstenergycorp.com/community/firstenergy_foundation.html.
The FirstEnergy Foundation is funded solely by FirstEnergy Corp. and provides support to nonprofit, 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.
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