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Missouri American Water Proudly Recognizes Partnership with the Urban League of Metropolitan St. Louis

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The American Water Charitable Foundation and Missouri American Water announced a $20,000 grant to the Urban League of Metropolitan St. Louis, part of a larger $260,000 Corporate Strategic grant initiative. The funding aims to enhance workforce development initiatives for African Americans and historically underserved groups in Missouri.

The grant is part of the Foundation's 2024 Keep Communities Flowing Grant Program, which focuses on three pillars: Water, People and Communities. The program supports initiatives that align with American Water's values and helps communities thrive through workforce development, training, and access to sustainable careers.

La American Water Charitable Foundation e Missouri American Water hanno annunciato un finanziamento di $20.000 per la Urban League of Metropolitan St. Louis, nell'ambito di un'iniziativa più ampia di sovvenzioni strategiche aziendali da $260.000. Il finanziamento mira a potenziare le iniziative di sviluppo della forza lavoro per gli afroamericani e i gruppi storicamente svantaggiati nel Missouri.

La sovvenzione fa parte del Programma di Sovvenzioni Keep Communities Flowing 2024 della Fondazione, che si concentra su tre pilastri: Acqua, Persone e Comunità. Il programma supporta iniziative che si allineano ai valori di American Water e aiuta le comunità a prosperare attraverso lo sviluppo della forza lavoro, la formazione e l'accesso a carriere sostenibili.

La American Water Charitable Foundation y Missouri American Water anunciaron una subvención de $20,000 para la Urban League of Metropolitan St. Louis, como parte de una iniciativa de subvenciones estratégicas corporativas más grande de $260,000. La financiación tiene como objetivo mejorar las iniciativas de desarrollo laboral para afroamericanos y grupos históricamente desatendidos en Missouri.

La subvención es parte del Programa de Subvenciones Keep Communities Flowing de la Fundación 2024, que se centra en tres pilares: Agua, Personas y Comunidades. El programa apoya iniciativas que se alinean con los valores de American Water y ayuda a las comunidades a prosperar a través del desarrollo de la fuerza laboral, la capacitación y el acceso a carreras sostenibles.

American Water Charitable FoundationMissouri American WaterUrban League of Metropolitan St. Louis에 $20,000의 보조금을 발표했습니다. 이는 총 $260,000의 기업 전략 보조금 이니셔티브의 일환입니다. 이 자금은 미주리에서 아프리카계 미국인 및 역사적으로 서비스가 부족한 그룹을 위한 인력 개발 이니셔티브를 향상시키는 것을 목표로 하고 있습니다.

이번 보조금은 재단의 2024년 Keep Communities Flowing 보조금 프로그램의 일부분으로, 세 가지 기둥: 물, 사람 및 지역 사회에 초점을 맞추고 있습니다. 이 프로그램은 American Water의 가치에 부합하는 이니셔티브를 지원하며, 인력 개발, 교육 및 지속 가능한 경력 접근을 통해 지역 사회가 번영하도록 돕습니다.

La American Water Charitable Foundation et Missouri American Water ont annoncé une subvention de 20 000 $ à la Urban League of Metropolitan St. Louis, dans le cadre d'une initiative plus large de subventions stratégiques de 260 000 $. Ce financement vise à améliorer les initiatives de développement de la main-d'œuvre pour les Afro-Américains et les groupes historiquement sous-servis dans le Missouri.

La subvention fait partie du programme de subventions Keep Communities Flowing 2024 de la Fondation, qui se concentre sur trois piliers : l'eau, les personnes et les communautés. Le programme soutient les initiatives qui s'alignent sur les valeurs de American Water et aide les communautés à prospérer grâce au développement de la main-d'œuvre, à la formation et à l'accès à des carrières durables.

Die American Water Charitable Foundation und Missouri American Water kündigten einen Zuschuss von 20.000 $ für die Urban League of Metropolitan St. Louis an, der Teil einer größeren Initiative für strategische Unternehmenszuschüsse in Höhe von 260.000 $ ist. Die Finanzierung zielt darauf ab, die Initiativen zur Entwicklung der Arbeitskräfte für Afroamerikaner und historisch unterversorgte Gruppen in Missouri zu verbessern.

Der Zuschuss ist Teil des Zuschussprogramms Keep Communities Flowing 2024 der Stiftung, das sich auf drei Säulen konzentriert: Wasser, Menschen und Gemeinschaften. Das Programm unterstützt Initiativen, die mit den Werten von American Water übereinstimmen, und hilft den Gemeinden, durch die Entwicklung der Arbeitskräfte, Schulungen und den Zugang zu nachhaltigen Karrieren zu gedeihen.

Positive
  • Secured $260,000 in total funding for National Urban League and Affiliate Movement
  • Strategic investment in workforce development initiatives potentially expanding future talent pool
Negative
  • None.

Insights

The $260,000 combined grant commitment, including $20,000 to the Urban League of Metropolitan St. Louis, represents a minor allocation of capital for American Water (AWK), a utility with a $24.4B market cap. While corporate social responsibility initiatives are important for utilities' regulatory relationships and community standing, this particular grant program is too small to materially impact AWK's financial performance or stock valuation.

The workforce development focus could marginally benefit AWK's talent pipeline and operational efficiency in the St. Louis market long-term, but the scale is insufficient to move the needle on earnings or create significant shareholder value. The charitable foundation's activities, while commendable from an ESG perspective, are routine for a regulated utility and don't warrant a change in investment thesis.

American Water Charitable Foundation provides a combined total $260,000 to support workforce development initiatives for the National Urban League and Affiliate Movement

ST. LOUIS--(BUSINESS WIRE)-- The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., and Missouri American Water, announced today that the Urban League of Metropolitan St. Louis has received a $20,000 commitment as part of a larger Foundation Corporate Strategic grant. Funding will enhance workforce development initiatives that help close the equality gap for African Americans and other historically underserved groups throughout the Missouri service area footprint.

“The Urban League of Metropolitan St. Louis is honored to partner with the American Water Charitable Foundation and Missouri American Water to address workforce disparities and provide opportunities for underserved communities," said Michael P. McMillan, President and CEO of the Urban League of Metropolitan St. Louis. "This grant will directly support our workforce development initiatives, which are designed to empower individuals with training, resources, and access to sustainable careers. Partnerships like these are essential to advancing our mission of economic empowerment, education, and equity for the communities we serve.”

The Corporate Strategic grant is part of the American Water Charitable Foundation 2024 Keep Communities Flowing Grant Program, focusing on three pillars of giving: Water, People and Communities. Corporate Strategic grants support high-impact programs that align with American Water’s values of being a solutions provider, where we seek to influence positive change and help keep communities flowing, improving and thriving.

“Missouri American Water is proud to collaborate with the American Water Charitable Foundation to support the Urban League of Metropolitan St. Louis,” said Rich Svindland, President of Missouri American Water. “Together we have helped restore our regions most challenged neighborhoods and offered a space for young professionals to train for job readiness.”

Since 2012, the American Water Charitable Foundation has donated to worthy causes and organizations in communities served by American Water. Being a good neighbor and steward of the environment has always been central to the mission of American Water and Missouri American Water.

“The American Water Charitable Foundation is delighted to support impactful workforce development initiatives and programming that help prepare future leaders of tomorrow,” said Carrie Williams, President, American Water Charitable Foundation.

Learn more about the American Water Charitable Foundation’s grant program here.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About American Water Charitable Foundation

The American Water Charitable Foundation is a 501(c)(3) nonprofit organization that provides a formal way to demonstrate the company’s ongoing commitment to be a good neighbor, citizen, and contributor to the communities where American Water and its employees live, work and operate. For more information, visit amwater.com/awcf.

About Missouri American Water

Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.6 million people. For more, visit missouriamwater.com and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn.

About the Urban League of Metropolitan St. Louis

Founded in 1918, the Urban League of Metropolitan St. Louis is the largest and oldest affiliate in the Urban League Movement. The organization serves thousands of individuals annually through programs focused on economic empowerment, educational advancement, workforce development, health and wellness, housing, and public safety. For more information, visit www.ulstl.com.

Media



Missouri American Water

Christie Barnhart

Senior Manager, External Communications

Cell: 417-529-9781

Christie.barnhart@amwater.com



Urban League of Metropolitan St. Louis

Lee Haynes

Vice President of Communications & Marketing

Urban League of Metropolitan St. Louis

314.406.0924

lhaynes@urbanleague-stl.org

Source: Missouri American Water

FAQ

How much did American Water Charitable Foundation grant to Urban League of Metropolitan St. Louis in 2024?

The American Water Charitable Foundation granted $20,000 to the Urban League of Metropolitan St. Louis as part of a larger Corporate Strategic grant.

What is the total funding amount of American Water's 2024 Urban League initiative?

The total funding amount is $260,000, supporting the National Urban League and Affiliate Movement.

What are the three pillars of American Water's 2024 Keep Communities Flowing Grant Program?

The three pillars are Water, People and Communities.

How will the Urban League of Metropolitan St. Louis use the AWK grant funding?

The funding will enhance workforce development initiatives that help close the equality gap for African Americans and other historically underserved groups throughout the Missouri service area.

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