MINNEAPOLIS (Dec. 30, 2024) – Xcel Energy employees, contractors and retirees, supported by the company’s Foundation, provided over $12 million and tens of thousands of volunteer hours in 2024 to support charitable organizations and causes.

Throughout the year, they embraced opportunities to donate their time and act on a shared commitment to making a difference in their communities, volunteering more than 60,000 hours. The Foundation expanded its giving impact this year by investing $4.6 million in grant funding to 390 nonprofit organizations across its eight-state service area, with 44% of the funds supporting organizations advancing diversity, equity and inclusion. These grant recipients align with the Foundation’s three primary focus areas:

  • STEM career pathways: Over 700,000 students will receive hands-on STEM learning, including approximately 368,000 female students.
  • Community Vitality: 5,000 individuals will gain employment, generating over $174 million in wages.
  • Environmental Sustainability: 21,000 trees will be planted, offsetting 14,500 tons of carbon emissions.

The company’s 2024 Day of Service engaged 2,200 volunteers who committed over 7,900 hours to support 110 nonprofit projects. Among the many other impacts of these projects, volunteers packed 130,000 meals, assembled 4,300 kits for teachers and distributed 4,000 dental kits. The Power Your Purpose Giving Campaign raised $2.4 million to support over 1,500 organizations. Including the Foundation match, the campaign raised a total of $4.8 million.

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About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on X and Facebook.

About Xcel Energy Foundation

The Xcel Foundation is a 501(c)(3) organization that awards charitable grants to nonprofit organizations and sponsors the volunteer programs of Xcel Energy and its subsidiaries. The majority of Xcel Energy Foundation funding comes from Xcel Energy shareholder dollars. Learn more about the Foundation’s Focus Area Grants.