AMARILLO, Texas (Oct. 20, 2020) – The Xcel Energy Foundation is granting an additional $32,500 in COVID relief funds to 10 United Way agencies in Xcel Energy’s Texas-New Mexico service area, matching the amount granted earlier in the year for the same purpose.
“United Way agencies have been on the front lines of the COVID pandemic from the start helping area individuals and families cope with the stresses of job loss, reduced income and health concerns,” said David Hudson, president, Xcel Energy – New Mexico, Texas. “These two rounds of supplemental funding will help make up for losses in donor income at a time when United Way is spending even more money to help our communities weather the pandemic.”
The COVID grants come on top of the funding the Xcel Energy Foundation already provides area United Ways through dollar-for-dollar matches of employee gifts. The Foundation also provided more than $350,000 earlier this year to area nonprofits working to boost education and economic sustainability. Funding for Xcel Energy Foundation grants is provided by shareholders of Xcel Energy.
Xcel Energy is currently wrapping up its 2020 United Way campaign and the Foundation will continue its one-for-one match on employee gifts in 2021. So far Texas and New Mexico employees have pledged almost $300,000 to United Way agencies in their communities.
“Our employees are the inspiration for the grants we provide in the community,” Hudson said. “They are making a great showing of support during the current United Way campaign and have remained committed volunteers and leaders in their communities throughout the pandemic.”
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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 Twitter and Facebook.
About the 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. In 2019, the Foundation granted more than $4 million to nonprofit organizations for programs that aligned with its four focus areas of education, economic sustainability, environmental stewardship and access to arts and culture. Additionally, the Foundation distributed more than $2 million to match the donations and volunteer hours that employees contributed to qualified nonprofit organizations. For more information, visit our Focus Area Grants page.
