Exelon is one of the country’s leading energy providers, with more than 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to about 100,000 business and public-sector customers and more than 1 million residential customers. Meanwhile, its subsidiary utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland through Baltimore Gas and Electric; northern Illinois through ComEd; and southeastern Pennsylvania through PECO. In 2013, Exelon reported sales of about $24.9 billion and employed roughly 25,900 workers.
Exelon’s charitable giving is focused on efforts to enhance the quality of life in the many communities served by its generating stations. The company provides a mix of cash grants, employee volunteerism and in-kind donations for energy assistance programs to a host of nonprofit groups and projects in its communities.
The company’s core giving areas include:
- Education. The company supports programs that encourage students to stay in school and develop their full potential; promote math and science; improve workforce skills; and encourage personal development through scholarships, mentoring and internships.
- Environment. Support in this area goes to programs that improve the health of the local environment; promote environmental education, conservation and preservation; develop cleaner sources of energy; protect endangered species; and beautify neighborhoods in communities served by the company.
- Arts and culture. The company provides cash support to cultural institutions with broad public exposure and programs designed to make arts and culture more accessible to a wider audience.
- Neighborhood development. Exelon supports a wide range of community and neighborhood development groups—from health and human services providers to after-school programming. It contributes to many of these organizations through the Exelon Employee United Way Campaign—which combined employee contributions and company matches—but it also makes a limited amount of grants directly to local nonprofit organizations.
Some examples of the company’s recent charitable support include:
- Stay in School. The ComEd and Exelon-United Way Stay in School Initiative provides valuable after-school programming to help middle school and high school students with the support they need to advance to the next grade level and graduate. In addition to yielding higher graduation rates, Stay in School improves students’ grades, attendance rates and prosocial behaviors.
- The Illinois Holocaust Museum. With support from Exelon, the Illinois Holocaust Museum launched its Anti-Bullying Initiative, which encompasses existing museum anti-bullying programming, as well as new opportunities for education and partnerships. The Illinois Holocaust Museum uses a focused approach to address this issue and educate young people, capitalizing on its distinctive public space and historical lens, Exelon says.
- The Rowe-Clark Math & Science Academy. Building on Exelon’s existing education initiatives, the company, the Rowe Family Charitable Trust, and Frank and Vera Clark contributed $4.2 million to open the Rowe-Clark Math & Science Academy charter school in 2007. Operated by Noble Network of Charter Schools and located in the West Humboldt Park neighborhood of Chicago, the school currently serves more than 600 students in grades 9 through 12. In June 2010, the first class of seniors graduated with 100 percent of the class accepted into college. In the years since, the campus has graduated more than 300 students. Exelon provides summer internship opportunities for students to receive meaningful work experience and gain a broader understanding of potential careers in the energy industry.
- Fishing for a Cure. Since 2002, Exelon’s Braidwood Generating Station has hosted its Fishing for a Cure fundraising event. Each year, Braidwood employees choose a different charity to benefit from the event. In May 2011, in a fitting celebration of Armed Services Day, the tournament raised a record $38,000 for the Wounded Heroes Foundation. Since its beginning, Fishing for a Cure has raised more than $200,000 for charity.
- The University of Delaware. Exelon donated $500,000 to the University of Delaware to create an on-campus simulated trading floor. The program allows university students to get real-world training in the field of energy trading without leaving campus.
- The Wharton Energy Conference. Since 2005, Exelon has been a lead sponsor of the Wharton Energy Conference, an annual event sponsored by the Wharton Energy Club, an independent, student-run organization at the Wharton School of the University of Pennsylvania. The event brings together more than 200 energy industry thought leaders and business school students for a meaningful discussion about the future of energy each year.
- Electrical safety. Exelon distributes brochures containing details about emergency warning systems, evacuation routes and other safety issues to residents living near each of its nuclear generating stations. The company also holds Community Information Nights for local residents and sponsors a variety of other energy-related safety workshops in its local communities.
The company also offers several programs that encourage and reward the charitable endeavors of its employees. In 2013, more than 3,700 employees served more than 96,000 hours as volunteers at various organizations in Exelon service areas.
Exelon’s employee volunteer engagement program is called Energy for the Community. This program is designed to help employees practice the company’s community service values through volunteerism. Employees can easily find and sign up for service projects in their area of interest or near where they live.
The company encourages volunteerism among its employees throughout National Volunteer Week, an annual, nationwide observance of individuals’ and organizations’ contributions to their communities. The company’s 2013 National Volunteer Week program empowered employee volunteers to design their own service projects and recruit colleagues. Employees from every Exelon operating company participated in more than 160 community service projects, choosing to concentrate on environmental projects that support the company’s carbon-reduction strategy and goals and opportunities to support the company’s diversity-related initiatives.
The company also provides grants to the nonprofit organizations supported by its employees through a Dollars for Doers program.
In addition, Exelon’s senior management team and other employees serve on the boards of more than 500 nonprofit organizations throughout the Chicago and Philadelphia areas. And Exelon employees pledge millions of dollars annually through the company’s annual United Way workplace giving campaign.
The company shines a spotlight on the philanthropic commitments of its employees through the Energy for the Community Employee Volunteer Awards, which rewards Exelon employees for outstanding dedication and commitment to community service. Exelon provides a total of $140,000 in grants to 18 organizations each year to honor employees who have demonstrated exceptional community service by volunteering at least 50 hours with a nonprofit charitable partner over the course of a year. The winners are announced and honored during a special celebration during National Volunteer Week.
For more information, visit the company’s website.