California Water Service Group Diversifies Giving, Increases Financial Support in 2021

Rhea-AI Summary

California Water Service Group (CWT) donated $2.19 million to community organizations in 2021, exceeding its 2020 contributions by $500,000. The donations focused on at-risk communities (38%), community improvements (11%), and environmental sustainability (10%). Notable contributions included $200,000 each to the Monterey Bay National Marine Sanctuary Foundation, Chico Housing Action Team, and Boys & Girls Clubs of Greater Sacramento. Additionally, an employee donation-matching program supported local charities, generating $14,200. These contributions are part of a philanthropic program and do not affect customer rates.

Positive

• Increased charitable contributions of $2.19 million in 2021, a $500,000 increase from 2020.
• 38% of donations targeted at-risk and underserved communities.
• Introduction of an employee donation-matching program, generating $14,200 since September 2021.

Negative

• None.

SAN JOSE, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) -- As part of its commitment to enhancing the quality of life in the communities it serves, California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated $2.19 million to community organizations, first responders, and students in 2021. Last year’s contributions surpassed 2020 charitable donations and community giving by about a half-million dollars.

In 2021, Group allocated 38% of its community giving efforts supported at-risk, underserved, and disadvantaged communities. An additional 11% went to community improvement efforts across the utility’s service areas, and 10% for environmental sustainability initiatives. The remainder of the donations went to various initiatives, such as education and youth programs, support for veterans, animal welfare, and healthcare. Group’s donations also included $90,000 in college scholarships to help students achieve their educational pursuits.

Among the contributions, Group bestowed gifts of $200,000 each to the Monterey Bay National Marine Sanctuary Foundation, to provide youth education outreach programs in conservation and wildlife protection; the Chico Housing Action Team, to cover the costs of all water-related components of a new tiny house village; and the Boys & Girls Clubs of Greater Sacramento, to provide for a STEM (science, technology, engineering, and mathematics) lab and program at the Club’s South Stockton locations. According to President and CEO Martin A. Kropelnicki, Group wanted to make concentrated, large donations to increase the impact these organizations could make for those in need.

To help support charities close to employees’ hearts, Group also introduced an employee charitable donation-matching program, in which contributions to non-profit organizations would be matched up to $250 per employee per calendar year. Employees and the utility gave a total of $14,200 since the program’s introduction in September 2021.

“At California Water Service Group, we have always had a heart for doing the right thing and giving back to the communities we serve,” Kropelnicki said. “Last year, we looked for opportunities in which our contributions could make the largest impact for those in need, that support causes important to our team members, and that enable us to keep improving the quality of life for our local communities.”

All contributions are part of the Group’s philanthropic giving program and do not affect customers’ rates.

About California Water Service Group
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, along with Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water service to more than 2 million people in California, Hawaii, New Mexico, Texas, and Hawaii. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

Media Contact
Yvonne Kingman
ykingman@calwater.com
310-257-1434

FAQ

What was the total donation made by California Water Service Group in 2021?

California Water Service Group donated $2.19 million in 2021.

How did California Water Service Group's donations in 2021 compare to 2020?

The donations in 2021 surpassed those in 2020 by about $500,000.

What percentage of donations supported at-risk communities?

38% of the donations were aimed at at-risk and underserved communities.

What notable organizations received donations from California Water Service Group?

Notable recipients included the Monterey Bay National Marine Sanctuary Foundation and the Boys & Girls Clubs of Greater Sacramento.

Does California Water Service Group's charitable giving affect customer rates?

No, the charitable contributions do not affect customer rates.