Duke Energy celebrates Giving Tuesday with nearly $275,000 in 'surcee' contributions to help fight hunger in South Carolina
Rhea-AI Summary
Duke Energy (NYSE: DUK) and the Duke Energy Foundation announced nearly $275,000 in surprise 'surcee' microgrants across South Carolina on Dec. 2, 2025 as part of a monthlong campaign that provided more than $600,000 to 60+ organizations fighting hunger.
Grants will support senior mobile meal programs, weekend backpack initiatives, food pantries, veteran programs and other local feeding efforts. Since 2021, the company and foundation have contributed over $2.6 million to similar partners. Resources and search tools are available at SC211.org and via text: "FOOD" to 211211.
Positive
- None.
Negative
- None.
News Market Reaction – DUK
On the day this news was published, DUK declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
DUK fell 1.08% with mixed peer moves: SO -0.19%, AEP -0.22%, EXC -0.97%, while NGG +0.13% and D +0.28%. No clear sector‑wide trend explains DUK’s move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Nuclear strategy update | Positive | -0.6% | Participation in DOE‑backed SMR deployment collaboration for long‑term nuclear strategy. |
| Dec 02 | Community philanthropy | Positive | -0.9% | Nearly $275,000 in surprise microgrants within $600,000 anti‑hunger campaign. |
| Nov 20 | Rate plan filing | Positive | +0.2% | Multiyear rate plan seeking ~$1.729B annual revenue increase for grid and clean energy. |
| Nov 19 | Leadership change | Neutral | -1.3% | New chief procurement officer appointed as company advances major generation build. |
| Nov 07 | Customer programs | Positive | -0.3% | Energy‑saving tips and program results highlighting over $1 billion in bill savings. |
Recent Duke Energy headlines have generally been constructive (nuclear strategy, grid investments, philanthropy), yet share reactions have often been mildly negative or subdued, suggesting news flow has not been a dominant short-term driver.
Over the last month, Duke Energy issued several updates highlighting strategic and community initiatives. On Nov. 7, it promoted energy‑saving programs and noted more than $1 billion in customer bill savings since 2019. A Nov. 20 filing sought about $1.729 billion in annual revenue increases to fund grid, storage and solar investments. On Dec. 2, the company and its foundation detailed nearly $275,000 in ‘surcee’ microgrants within a broader $600,000 anti‑hunger campaign, continuing over $2.6 million in related support since 2021.
Regulatory & Risk Context
An effective Form S-3ASR dated Sept. 30, 2025 registers up to $4,000,000,000 of variable denomination floating rate demand notes (PremierNotes), with a maximum net aggregate principal outstanding of $2,000,000,000 at any time. The notes are unsecured, carry a weekly set floating rate, and there has been no reported usage to date (usage count: 0).
Market Pulse Summary
This announcement details Duke Energy’s community focus, with nearly $275,000 in ‘surcee’ microgrants as part of a $600,000 campaign supporting more than 60 South Carolina hunger‑relief organizations. Since 2021, the company and its foundation have provided over $2.6 million to similar partners. In context of recent strategic news on rates and nuclear plans, this underscores Duke’s parallel emphasis on social impact. Investors may watch how such outreach complements regulatory outcomes and long‑term infrastructure investment plans.
AI-generated analysis. Not financial advice.
- More than 60 organizations received financial support as part of
$600,000 - Surprise funding will help smaller agencies with senior mobile food programs, weekend backpack efforts, food pantries, veteran programs
- Since 2021, Duke Energy and Duke Energy Foundation have dedicated more than
$2.6 million
The big picture: The announcement wraps up a monthlong campaign of financial support to and employee volunteerism with organizations in
- In total, the initiative provided more than
$600,000 - The microgrants and contributions were not solicited by the receiving organizations. The 'surcee' funding opportunities recognize the important gaps these typically smaller agencies fill in the neighborhoods they serve. A complete list of recipients can be found here.
Why it matters: Every community in
What they're saying
- Tim Pearson, Duke Energy's
South Carolina president: "If you grew up inSouth Carolina , you are likely familiar with a 'surcee' – a small, unexpected gift. Giving Tuesday is the perfect opportunity to give a little something extra and highlight the great work these organizations do throughout the year to help keep our friends and neighbors from going hungry." - Mark Champagne, executive director, Sumter United Ministries: "Thanks to the generosity of the Duke Energy Foundation's
$5,000 - Traci H. Kennedy, executive director, TOTAL Ministries: "We so appreciate everything Duke Energy Foundation does for TOTAL Ministries. The grant is making an immediate and meaningful difference, allowing us to meet rising needs and care for families who are struggling the most."
- Melinda Waddell, executive director, The Manna House: "The support from Duke Energy for our mission to create a hunger-free Florence allows us to continue to provide hot, healthy, nutritious meals to our clients. With more than 100,000 individual meals served in 2024, we truly appreciate their dedication and commitment to our neighbors and community."
- Andrea White, chief executive officer, Food Bank of
Greenwood : "The grant from the Duke Energy Foundation ensures we can continue providing critical resources to our neighbors, helping stabilize households and improve overall community well-being throughout the Lakelands."
Go deeper: Every bit of support to local food banks or soup kitchens is helpful. It could be as simple as a couple of hours of your time or even a monetary donation, but anything you can contribute will make a difference.
- To find a community feeding partner near you, search online at SC211.org or text "FOOD" to 211211. Created and managed by the United Way Association of
South Carolina , this text message platform was the first United Way program in the nation to offer this resource and launched with support from Duke Energy Foundation. - Customers struggling to put food on the table are also likely making decisions about what bills to pay at home, including their electricity bill. That is why it is important to offer information that can assist families to manage their energy bills when times are tough. Learn more at duke-energy.com/SeasonalSavings.
Duke Energy Foundation
Duke Energy Foundation provides more than
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.
Contact: Ryan Mosier
24-Hour: 800.559.3853
View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-celebrates-giving-tuesday-with-nearly-275-000-in-surcee-contributions-to-help-fight-hunger-in-south-carolina-302630509.html
SOURCE Duke Energy
FAQ
What did Duke Energy announce on December 2, 2025 regarding hunger relief in South Carolina (DUK)?
How much has Duke Energy and the Duke Energy Foundation donated to hunger initiatives in South Carolina since 2021 (DUK)?
Which programs will benefit from the Duke Energy "surcee" contributions announced Dec. 2, 2025 (DUK)?
Where can South Carolina residents find local food resources mentioned in Duke Energy's announcement (DUK)?
How does Duke Energy frame the purpose of the surprise "surcee" grants announced Dec. 2, 2025 (DUK)?
