Duke Energy commits $1 million to strengthen nonprofits helping North Carolina customers meet essential needs

Rhea-AI Summary

Duke Energy (NYSE: DUK) and the Duke Energy Foundation committed $1 million to support North Carolina nonprofits delivering housing stability, food access, health care, utility assistance and other essential services.

$500,000 will fund 20 senior-focused organizations with $25,000 grants (applications open through May 29). An additional $500,000 supports Share the Light Fund agencies; more than $1 million has been distributed via Share the Light in 2026 to date.

Positive

• $1,000,000 total commitment to North Carolina nonprofits
• $500,000 earmarked for 20 senior-focused nonprofits (grants of $25,000)
• $500,000 allocated to Share the Light Fund agencies statewide
• Share the Light has distributed more than $1,000,000 in 2026 to date
• Duke Energy Foundation provides nearly $30,000,000 in annual philanthropic support

Negative

• None.

Argus Apr 27 session

-0.14% close to close Open Argus

Details

News Market Reaction – DUK

On Apr 27, the day this news came out, DUK closed 0.14% below the previous close.

Data tracked by StockTitan Argus for the Apr 27 session.

Key Figures

Total commitment: $1 million Senior support funding: $500,000 Share the Light funding: $500,000 +5 more

Total commitment

$1 million

Duke Energy Foundation support for North Carolina nonprofits

Senior support funding

$500,000

Awarded to 20 nonprofits supporting seniors in North Carolina

Share the Light funding

$500,000

Additional support for Share the Light Fund agencies statewide

Grant size

$25,000

Individual grants available to qualifying nonprofits supporting seniors

Share the Light distributed

More than $1 million

Distributed through Share the Light Fund in 2026 to date

Annual philanthropy

Nearly $30 million

Duke Energy Foundation annual philanthropic support

Electric customers

8.7 million

Customers served by Duke Energy’s electric utilities

Energy capacity

55,700 megawatts

Collective energy capacity owned by Duke Energy’s electric utilities

Historical Context

5 past events · Latest: Apr 22

5 events

1. Apr 22

   Community grants

   24h Move

   -0.2%

   America250 grants of $275,000 in South Carolina as part of larger initiative.

2. Apr 22

   Correction notice

   24h Move

   -0.2%

   Clarification of America250 South Carolina grant details and broader commitment.

3. Apr 21

   Operations/training

   24h Move

   -1.7%

   Carolinas lineworkers’ rodeo emphasizing safety, training and reliability improvements.

4. Apr 21

   Correction notice

   24h Move

   -1.7%

   Correction on details of lineworkers advancing to International Lineman's Rodeo.

5. Apr 16

   Community grants

   24h Move

   +0.5%

   First-round America250 grants in Florida totaling $22,500 as part of >$1M plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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• $500,000 will be awarded to 20 nonprofits supporting seniors – applications open through May 29
• Additional $500,000 to support Share the Light Fund^® agencies statewide

CHARLOTTE, N.C., April 27, 2026 /PRNewswire/ -- The Duke Energy Foundation is committing $1 million to support nonprofit organizations across North Carolina that deliver critical community services, including housing stability, food access, health care, utility assistance and more.

Our view: "Community partners play an essential role across the state by delivering trusted, on-the-ground support and connecting neighbors to resources that help them remain safe, healthy and independent," said Kendal Bowman, Duke Energy's North Carolina president. "We're grateful for their leadership and dedication to making the communities we serve stronger."

High-impact investments

• Supporting seniors statewide: With nearly one in five North Carolinians approaching or already in retirement age, the Foundation is awarding $500,000 to support organizations that help seniors age in place and access essentials like housing assistance, food programs, transportation and benefits navigation.
  • Qualifying nonprofits can apply by May 29 for $25,000 grants.
• Strengthening Share the Light Fund agencies: The Duke Energy Foundation is investing an additional $500,000 in Share the Light Fund agencies, supporting nonprofit partners that assist neighbors with utility-related needs and other essential services.
  • More than $1 million has been distributed through Share the Light Fund in 2026 to date.
  • Customers who would like to access funds can visit Share the Light Fund to learn more.

Duke Energy Foundation
Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.  

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Madison McDonald
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-commits-1-million-to-strengthen-nonprofits-helping-north-carolina-customers-meet-essential-needs-302754338.html

SOURCE Duke Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Duke Energy (DUK) commit to North Carolina nonprofits on April 27, 2026?

Duke Energy committed $1 million to support nonprofits statewide. According to Duke Energy, $500,000 targets senior services and $500,000 supports Share the Light Fund agencies.

What are the details of the senior grants from Duke Energy Foundation for DUK shareholders?

The Foundation will award twenty $25,000 grants totaling $500,000 to nonprofits serving seniors. According to Duke Energy, applications are open through May 29, 2026.

What is the Share the Light Fund support announced by Duke Energy (DUK)?

Duke Energy allocated an additional $500,000 to Share the Light Fund agencies statewide. According to Duke Energy, Share the Light has distributed over $1 million in 2026 so far.

Who funds the Duke Energy Foundation programs mentioned in the DUK announcement?

The Duke Energy Foundation is funded by Duke Energy shareholders and provides nearly $30 million annually. According to Duke Energy, funds support community services where customers live and work.

How can North Carolina customers access assistance from Duke Energy's Share the Light Fund (DUK)?

Customers can visit the Share the Light Fund webpage to learn about eligibility and application steps. According to Duke Energy, partner agencies assist with utility-related needs and essential services.