New Jersey Nonprofits Receive More Than $740,000 From FirstEnergy, FirstEnergy Foundation in 2024
Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) and the FirstEnergy Foundation have contributed over $740,000 in 2024 to support more than 110 nonprofit organizations in JCP&L's service territory. The grants target various community initiatives, including: $120,000 for food insecurity programs, $65,000 to United Way chapters, $64,000 to NJ SHARES for smart meter installation repairs, $58,000 for homelessness initiatives, and $35,000 for veteran programs.
JCP&L serves 1.1 million customers across 13 New Jersey counties. The company provides employees with 16 hours of volunteer time off annually to support 501(c)(3) organizations. The FirstEnergy Foundation focuses on supporting tax-exempt nonprofits in areas served by JCP&L and other FirstEnergy electric companies.
Positive
- Significant community investment of $740,000 demonstrating strong corporate social responsibility
- Large customer base of 1.1 million across 13 counties indicating stable market presence
- Employee engagement program with 16 hours paid volunteer time showing strong corporate culture
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FE gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
More than 110 grants awarded to nonprofit organizations in JCP&L's service territory
Lorna Wisham, Vice President of Corporate Affairs & Community Involvement and President of the FirstEnergy Foundation: "Electricity is the lifeblood for homes and businesses, but it's the people that are the lifeblood of our communities. These non-profits are people-driven, and they give opportunities, hope and security to the people who need it the most. We are proud to be able to help them make our communities such great places to live, work and raise a family."
A total of 113 nonprofit and civic organizations in northern and central
- More than
to programs that combat food insecurity and local food pantries.$120,000 - More than
to eight local United Way chapters in support of their community-focused events and efforts.$65,000 - A
grant to NJ SHARES to fund a program for the completion of required repairs identified during the smart meter installation process for income-qualified JCP&L customers.$64,000 - More than
to homelessness and housing security initiatives.$58,000 - More than
to veteran-focused programs and charities.$35,000
Beyond providing grants to local non-profits, the FirstEnergy Foundation encourages employees to give back to their local communities and provides support in helping employees make a larger impact. FirstEnergy provides each of its employees with 16 hours of volunteer time off (VTO) annually, allowing team members to provide time and manpower to 501(c)(3) non-profit organizations.
How to Apply for a FirstEnergy Foundation Grant in
The FirstEnergy Foundation provides support to 501 (c)(3) tax-exempt nonprofits, including health and human services agencies, educational organizations, cultural and arts programs and institutions, and civic groups in areas served by JCP&L and FirstEnergy's other electric companies and in areas where the company conducts business.
The FirstEnergy Foundation does not accept unsolicited grant applications. To inquire about grant opportunities or corporate sponsorships, contact Alix Hayes, Community Involvement Consultant at (732) 904-9778 or ahayes@firstenergycorp.com.
Learn more about FirstEnergy and the FirstEnergy Foundation's commitment to their communities at firstenergycorp.com/community.
JCP&L serves 1.1 million customers in the counties of
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-jersey-nonprofits-receive-more-than-740-000-from-firstenergy-firstenergy-foundation-in-2024--302344666.html
SOURCE FirstEnergy Corp.