"Gifts of the Season" Totaling $20,000 Presented to Nonprofits in New Jersey

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FirstEnergy Corp. (FE) Grants $20,000 'Gifts of the Season' to Nonprofits in New Jersey

Recipients provide support to vulnerable individuals across JCP&L's service area

HOLMDEL, N.J., Jan. 3, 2024 /PRNewswire/ -- The FirstEnergy Foundation has granted surprise "Gifts of the Season" totaling $20,000 to two nonprofits that are working to make lives better in New Jersey communities served by FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L).

Photos of the Gifts of the Season being presented to organizations by FirstEnergy representatives are available for download on Flickr.

The recipients of this year's gifts are organizations that provide support services to underserved and vulnerable individuals of all ages across JCP&L's service territory. They include:

• Konscious Youth Development & Service, Monmouth County ($10,000) – This minority-owned organization offers holistic wellness programming for school educators, administration, parents and the community.
• New Jersey Veterans Network, Union County ($10,000) – This organization helps veterans and their families enjoy a sustainable quality of life by connecting them with resources and solutions designed to meet the unique set of veterans' needs.

Jim Fakult, President of JCP&L: "We're proud to support these organizations because their missions align with our commitment to diverse, equitable and inclusive communities where everyone feels safe, valued, included and respected. The winners were chosen by FirstEnergy External Affairs employees who identified organizations in their local areas that do extraordinary work to strengthen the community and enhance the lives of vulnerable and underserved populations."

The "Gifts of the Season" initiative was created in 2016 to support programs and nonprofit organizations that align with FirstEnergy's core value of diversity, equity and inclusion. Since its inception, the campaign has awarded more than $700,000 to nonprofit organizations that work to strengthen communities through a diverse lens. To be considered for a gift, the entity must be a first-time FirstEnergy Foundation grant recipient, and the entity or at least 51% of its work must fall under one or more of the following diverse categories:

• Service disabled/veterans-owned business enterprise
• Disability-owned business enterprise
• Minority business enterprise
• Lesbian/gay/bisexual/transgender/queer-owned business
• Woman business enterprise

Photos of FirstEnergy's annual "Gifts of the Season" check presentations are being shared on social media using the hashtag #GiftsofFE.

The FirstEnergy Foundation is funded solely by FirstEnergy Corp. and provides support to tax-exempt nonprofits, including health and human services agencies, educational organizations, cultural and arts programs and institutions, and civic groups in areas served by FirstEnergy's 10 electric operating companies and in areas where the company conducts business.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at firstenergycorp.com and on X, formerly known as Twitter, @FirstEnergyCorp.

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SOURCE FirstEnergy Corp.

FAQ

What is the name of the company mentioned in the press release?

The company mentioned in the press release is FirstEnergy Corp. Its ticker symbol is FE.

What is the purpose of the 'Gifts of the Season' initiative?

The 'Gifts of the Season' initiative was created to support programs and nonprofit organizations that align with FirstEnergy's core value of diversity, equity, and inclusion.

Which organizations received the 'Gifts of the Season' grants?

Konscious Youth Development & Service, Monmouth County, and New Jersey Veterans Network, Union County received grants totaling $20,000.

What are the criteria for an organization to be considered for a gift?

The entity must be a first-time FirstEnergy Foundation grant recipient, and at least 51% of its work must fall under one or more of the following diverse categories: Service disabled/veterans-owned business enterprise, Disability-owned business enterprise, Minority business enterprise, Lesbian/gay/bisexual/transgender/queer-owned business, Woman business enterprise.

What is the mission of FirstEnergy Corp.?

FirstEnergy is dedicated to integrity, safety, reliability, and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.