Press Releases
01/07/2020
Avangrid Foundation Invested more than $3 Million to Make Positive Impact in Communities in 2019
Avangrid Foundation Invested more than $3 Million to Make Positive Impact in Communities in 2019
ORANGE, Conn. — Jan. 15, 2020 — The Avangrid Foundation built on its growing record of positive community impact in 2019, investing more than $3 million in grants, scholarships and matching gift programs across the United States.
The Foundation provided the support as part of ongoing partnerships with more than 300 partners in more than 30 states. Its investments increased significantly over 2018, when the Foundation provided approximately $2.5 million to support philanthropic causes.
The Avangrid Foundation is an independent, nonprofit organization that funds philanthropic activities primarily impacting communities where AVANGRID, Inc. (NYSE: AGR) and its companies do business. It is driven by AVANGRID’s purpose of working together to deliver a more accessible clean energy model that promotes healthier, more sustainable communities every day.
“The work of the Avangrid Foundation is a testament to the strong partnerships we have built and our focus on innovating and investing to create a more equitable, vibrant and sustainable future in communities across the United States,” said Jim Torgerson, the Foundation’s president. “We are grateful to be a part of the important work our partners do for the environment, preserving cultural and artistic heritage, advancing education and improving the lives of people across the country.”
Highlights from 2019 included:
- National Partnerships: The Avangrid Foundation in 2019 cemented partnerships with national organizations that have a major impact in communities where AVANGRID does business, including Habitat for Humanity, the American Red Cross and the National Fish and Wildlife Foundation. Learn more about these partnerships at the AVANews Blog.
- #AVANgives: For the first time, in 2019 the Avangrid Foundation asked AVANGRID employees to nominate community nonprofit organizations to receive grants, with a focus on organizations that provide services to youths. The Foundation Board selected 10 organizations to receive $5,000 grants, in an effort that revealed how invested AVANGRID employees are in their communities. Learn more about the recipients here.
- “Evicted”: The Avangrid Foundation announced a partnership with the National Building Museum to take the exhibit “Evicted” to more than a dozen communities across the United States over the next four years. The travelling exhibit distills and expands the conversation about America’s housing crisis, first told in the Pulitzer-prize winning book by Princeton-based Sociologist Dr. Matthew Desmond, “Evicted: Poverty and Progress in the American City.” Learn more here.
- Food Banks: The Foundation in 2019 provided support for food banks in all the major communities in which AVANGRID and its companies work, providing more than 250,000 meals per year from Portland, Oregon to Portland, Maine.
Watch the year in review wrap up video here.
To learn more about the Avangrid Foundation website and the organizations it supports, www.avangridfoundation.org.
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About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
