Legacy of giving lives on
Charitable investment is part of Progress Energy’s and Duke Energy’s shared DNA. Our combined resources are poised to keep pace with the growing needs in our communities.
Combined charitable giving in 2012 was approximately $59 million. That support includes funding from the Duke Energy and Progress Energy Foundations, company donations, employee and retiree gifts, and the value of volunteer hours.
We review Foundation funding requests at the regional level, and target our investments in areas where we believe we can have the greatest impact on the well-being of our communities — the environment, economic development, education and community vitality.
- Community vitality — 48 percent ($8.9 million)
- Education — 36 percent ($6.8 million)
- Environment and energy efficiency — 9 percent ($1.7 million)
- Economic development — 7 percent ($1.3 million)
In addition to funding by focus area, the Foundations gave $4.7 million to support employee giving in 2012, including:
- Matching gifts for employee and retiree donations to qualifying nonprofit organizations
- Duke Energy’s United Way and community arts campaigns, and Progress Energy’s “Give Where You Live” campaign
- Grants to support employee and retiree volunteer efforts.
The Duke Energy Foundation offers two types of volunteer grants:
- Community improvement grants, used to purchase supplies for “sweat equity” volunteer projects
- Leadership grants for employees who serve on nonprofit boards.
Help with energy bills
Our energy assistance programs help those in need cope with extreme heat and cold. In 2012:
- In the Midwest, the company contributed $1.27 million to three programs to assist low-income customers with winter heating bills — HeatShare in Ohio, WinterCare in Kentucky and Helping Hand in Indiana, which also assists the elderly and disabled.
- In the Carolinas, The Duke Energy Foundation contributed $810,000 to similar programs. Share the Warmth helps low-income families with winter heating bills, Cooling Assistance assists handicapped, elderly and low-income customers with summertime energy costs, and Fan-Heat Relief provides free fans to help senior citizens cope with sweltering summer heat.
- The Progress Energy Foundation contributed $690,000 to the Energy Neighbor Fund, which helps low-income individuals and families in Duke Energy Progress’ and Duke Energy Florida’s service areas cover their home energy bills.
Both companies have laid the foundation for a sustainable impact on our communities. That’s a legacy we intend to build on, as we continue to support the communities we serve.