The Duke Energy Foundation
- Assets
- $4.5m
- Revenue
- $409.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 58-1586283
Organization Overview
The Duke Energy Foundation is located in Charlotte, NC. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duke Energy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Duke Energy Foundation generated $409.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (63.0%) each year. All expenses for the organization totaled $28.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Duke Energy Foundation has awarded 15,660 individual grants totaling $61,082,070. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hendershott Assistant Treasurer | 1 | $0 | |
Julie S Janson Trustee | 1 | $0 | |
Jonathan Miller Treasurer | 1 | $0 | |
Katherine Neebe President | 1 | $0 | |
Kodwo Ghartey-Tagoe Trustee | 1 | $0 | |
Brian D Savoy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $389,433 |
| Interest on Savings | $19,562 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $408,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,100 |
| Contributions, gifts, grants paid | $28,100,685 |
| Total expenses and disbursements | $28,105,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,151,950 |
| Savings and temporary cash investments | $3,309,981 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,461,931 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Duke Energy Foundation has awarded $28,100,685 in support to 7,589 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $1,000,000 |
ANDREAS H BECHTLER ARTS FOUNDATION DBA BECHTLER MUSEUM OF MODERN ART PURPOSE: VIBRANT ECONOMIES | $500,000 |
Charlotte, NC PURPOSE: PUBLIC ASSISTANCE | $410,000 |
Raleigh, NC PURPOSE: VIBRANT ECONOMIES | $400,000 |
SCHOLARSHIP AMERICA INC PURPOSE: SCHOLARSHIPS | $394,955 |
Charlotte, NC PURPOSE: MATCHING GIFTS | $339,546 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Duke Energy Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
High Point University High Point, NC PURPOSE: GENERAL SUPPORT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |