Avangrid Foundation Celebrates the Season of Giving
ORANGE, Connecticut — December 28, 2017 — The Avangrid Foundation, the principal philanthropic arm of AVANGRID, Inc. (NYSE: AGR) and its subsidiary companies, donated nearly $6 million to more than 650 organizations through grants, scholarships and matching gift programs throughout 2017.
Of this, more than $3 million in grants and scholarships supported master’s degree scholars and research partnerships in energy and engineering-related fields during the 2017-2018 academic year. Avangrid Foundation investments are focused on fostering innovation and research, protecting the environment, reaching vulnerable persons and strengthening communities.
“It’s an honor to support the work of so many deserving and impactful organizations and institutions,” said James P. Torgerson, President of the Avangrid Foundation. “AVANGRID is part of the critical energy infrastructure that is central to the well-being of our customers and communities throughout the United States, and so through the Foundation we appreciate the opportunity to partner locally and globally to create meaningful change for those citizens in areas we serve.”
The contributions from the Avangrid Foundation will directly benefit individuals and communities across the AVANGRID service territory in 27 states, including those served by the company’s affiliates, which include NYSEG and RG&E (New York); Central Maine Power and Maine Natural Gas (Maine); United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas (Connecticut); and Berkshire Gas Company (Massachusetts). The contributions also support organizations in communities nationwide served by Avangrid Renewables, which is headquartered in Portland, Oregon.
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About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading sustainable energy company transitioning America toward a clean and connected future headquartered in Orange, CT, and has a footprint in 24 states with $40 billion in assets. Our primary businesses are Avangrid Networks, which serves 3.3 million electric and natural gas customers in the Northeast, and Avangrid Renewables, the third-largest renewable energy company in the U.S. with a diverse onshore and offshore renewable energy portfolio. With more than 7,000 employees, AVANGRID has built a culture that blends diversity, equity and inclusion guided by the company’s ESG+F framework and the UN Sustainable Development Goals. This has led to recognition by JUST Capital in 2021 and 2022 as one of America’s best corporate citizens and second in utilities for our commitment to the environment and the communities we serve. AVANGRID has been named one of the World’s Most Ethical Companies for three consecutive years by the Ethisphere Institute.