1. FirstEnergy Foundation awarded $20,000 to two Ohio nonprofits this holiday season. 2. A total of $100,000 will be given to eight nonprofits in 2025. 3. Grants support programs addressing food and housing insecurity in local communities. 4. The Foundation has distributed over $5.5 million in community support in 2025. 5. FirstEnergy's initiatives enhance its community engagement and corporate responsibility.
FAQ
Why Bullish?
Community support initiatives can boost FirstEnergy's public image and customer relations, potentially leading to increased customer loyalty and share price stability. Historically, companies involved in local philanthropic efforts see a positive impact on stock performance; for instance, similar initiatives by utility companies often result in enhanced community goodwill and customer retention.
How important is it?
Community support and philanthropic engagement boost FirstEnergy's reputation, likely calming any investor concerns about regulatory or operational issues. Companies with strong community ties typically experience less volatility and enjoy a steadier long-term growth trajectory.
Why Long Term?
The effects of community support often take time to reflect in company metrics and stock prices. Longitudinal impacts are shown in examples like Utility A, which saw customer satisfaction and performance improve over several years following consistent community engagement.
Awards of $10,000 each will help provide food, shelter and essential services
AKRON, Ohio, Dec. 16, 2025 /PRNewswire/ -- This holiday season, the FirstEnergy Foundation is sharing the spirit of giving by awarding $20,000 in "Gifts of the Season" grants to two nonprofit organizations making a positive impact in Ohio communities served by FirstEnergy Corp. (NYSE:FE) electric companies. Altogether, the "Gifts of the Season" program will provide a total of $100,000 to eight nonprofits across five states in FirstEnergy's service area in 2025.
As part of a commitment to help address food and housing insecurity, the Foundation awarded grants to organizations in Ohio that meet critical needs through programs that provide food, shelter and other essential services:
- Rescue Mission of the Mahoning Valley ($10,000): The grant supports programs that provide meals, shelter and vital resources to those experiencing homelessness in the Youngstown area. In the last year, the Rescue Mission has provided more than 130,000 meals to local people in need and sheltered more than a 1,000 people overnight, including men, women and children.
- Martin Luther King Kitchen for the Poor ($10,000): The grant supports efforts to fight hunger and serve nutritious meals to vulnerable residents in Toledo. Located in Toledo's central city, the MLK Kitchen feeds more than 200 people each day, including school children and the elderly. In 2024, they served 36,500 meals and distributed 3,000 food boxes to the south Toledo community.
Torrence Hinton, FirstEnergy's Ohio President: "The holidays can be especially tough for families in need, and colder weather adds even more pressure. For neighbors without a warm bed or a place to call home, Ohio's harsh conditions make shelter a lifeline. Thanks to the incredible work of our nonprofit partners, more people will have access to warm meals, safe shelter and the care they deserve. We're grateful to stand alongside these organizations in supporting our communities."
Marking 10 Years of Impact and Inclusion
Since 2016, the FirstEnergy Foundation's "Gifts of the Season" program has supported local nonprofits and community initiatives that bring people together and make our neighborhoods stronger. Now celebrating its 10th year, the program continues to grow and adapt to meet community needs, reflecting FirstEnergy's commitment to inclusion and care. The Foundation has been able to provide $1.2 million in grants since the "Gifts of the Season" program began.
About the FirstEnergy Foundation
The FirstEnergy Foundation provides support to 501(c)(3) tax-exempt nonprofits that serve and meet the critical needs of customers in communities served by FirstEnergy's electric operating companies and in areas where the company conducts business. To date in 2025, the Foundation has distributed more than $5.5 million in community support across FirstEnergy's operational area.
The FirstEnergy Foundation does not accept unsolicited grant applications. For more information about grant opportunities or corporate sponsorships, visit the FirstEnergy Foundation webpage or email inquiries to FirstEnergy's Community Involvement team.
FirstEnergy Corp. 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 more than 6 million 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 www.firstenergycorp.com and on X @FirstEnergyCorp.
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SOURCE FirstEnergy Corp.