FirstEnergy Foundation Brightens Communities, Providing More Than $2M to Transformative Nonprofits in First Half of 2025 | FE Stock News

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May 29, 2025
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  • FirstEnergy Foundation has donated over $2 million to nonprofits in the first half of 2025.
  • The foundation supported over 800 organizations and 104 United Way agencies.
  • Nearly 5,000 volunteer hours were contributed by FirstEnergy employees.

FirstEnergy Corp. (FE, Financial) announced that its charitable division, the FirstEnergy Foundation, has distributed over $2 million to support local nonprofits in the first half of 2025. This includes nearly $1.1 million granted for community needs such as hunger relief, youth education, and disaster relief efforts, as well as over $1 million raised through the employee-driven United Way Campaign, which received company matching contributions.

The foundation's philanthropic efforts reached more than 800 organizations directly and benefited 104 United Way agencies. Additionally, FirstEnergy employees contributed almost 5,000 volunteer hours through the company's Volunteer Time Off program, which allows each employee to volunteer 16 hours annually with local nonprofits.

Following the retirement of former Foundation leader Lorna Wisham, FirstEnergy is actively searching for a new leader to oversee the foundation. Amanda Mertens Campbell is currently serving as the interim leader, and the future leader will work alongside FirstEnergy's leadership to establish priorities for community vitality and alignment with the company's strategic goals.

FirstEnergy, dedicated to integrity, safety, reliability, and operational excellence, serves over 6 million customers across several states including Ohio, Pennsylvania, and New Jersey. Its extensive transmission network covers approximately 24,000 miles, linking the Midwest and Mid-Atlantic regions.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.