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Dominion Energy Charitable Foundation Spring Grant Cycle Now Open

1. Dominion Energy offers grants for nonprofit programs in its service areas. 2. Grants focus on human needs, education, and environmental stewardship. 3. Spring grant applications close on February 24, 2024. 4. Foundation aims to bolster community efforts and support local nonprofits. 5. Dominion Energy contributed $46.7 million to community causes in 2023.

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Why Neutral?

While grant initiatives can enhance community ties, they lack immediate revenue impact. Past community engagement strategies have had mixed influences on stock prices.

How important is it?

The article discusses community-oriented financial support, which could affect public perception but not direct stock performance. Engagement with local nonprofits can be crucial for community reputation.

Why Long Term?

These initiatives can strengthen brand loyalty over time, potentially enhancing future performance. Long-term positive relationships can create goodwill and support consistent business flows.

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RICHMOND, Va.--(BUSINESS WIRE)--Nonprofit organizations within Dominion Energy's service areas are invited to apply for grants from the Dominion Energy Charitable Foundation. Grants will be awarded to support programs and specific projects that focus on human needs, environmental stewardship, education, and community vitality. The foundation accepts grant requests twice per year – once in the spring and once in the fall. The spring grant application period is currently open and closes at 5 p.m. ET on Feb. 24. Decisions will be announced in May. "Nonprofits are instrumental in enriching local communities every day. These grants will strengthen their efforts to assist people in need and to bolster vibrant community life," said Hunter A. Applewhite, President of the Dominion Energy Charitable Foundation. "Supporting nonprofits is just one more way Dominion Energy works to make a meaningful impact in the areas we serve." Funding is available to organizations in areas where Dominion Energy provides electricity or natural gas or has significant business interests. These include Virginia, South Carolina, northeastern North Carolina, Connecticut, and parts of West Virginia and Rhode Island. New in 2025, the foundation requires grant applicants to register their organization with Benevity prior to completing the application. The foundation will host virtual office hours in January and February to answer questions from nonprofits about the grant application process, timeline, applications, and the Benevity platform. For details and to apply for a grant, visit: DominionEnergy.com/foundation. About the Dominion Energy Charitable Foundation Dominion Energy (NYSE: D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina; is one of the nation’s leading developers and operators of regulated offshore wind and solar power; and is the largest producer of carbon-free electricity in New England. Through its Dominion Energy Charitable Foundation, as well as EnergyShare and other programs, Dominion Energy contributed $46.7 million in 2023 to community causes. The Foundation supports nonprofit causes that meet basic human needs, protect the environment, promote education, and encourage community vitality. Please visit DominionEnergy.com to learn more. News Category: Virginia & North Carolina

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