STOCK TITAN

Duke Energy offers $200,000 in grants to help nonprofits that support senior citizens in South Carolina

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Duke Energy has launched a $200,000 grant campaign to support South Carolina organizations serving the aging population, particularly those facing income challenges. Qualifying nonprofits can apply for one-time grants up to $10,000 for general operating expenses through January 28.

The initiative follows previous support programs, including 2023 grants of up to $20,000 to 15 nonprofits for senior home repairs, and $100,000 in 2024 to 13 organizations for home ramp programs. The funds can be used for meal delivery assistance, transportation, home modifications, and programs supporting senior safety and self-sufficiency, but not for weatherization or utility assistance.

This initiative is part of the Duke Energy Foundation's broader philanthropic efforts, which provide over $30 million annually to communities where Duke Energy customers live and work. The company serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states.

Loading...
Loading translation...

Positive

  • None.

Negative

  • None.

News Market Reaction 1 Alert

+1.33% News Effect

On the day this news was published, DUK gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

  • Qualifying nonprofits can request one-time funding up to $10,000
  • Grants are a continuation of assistance to senior programs in recent years  

GREENVILLE, S.C., Jan. 8, 2025 /PRNewswire/ -- Duke Energy today launched a campaign to promote grant opportunities totaling $200,000 to South Carolina organizations that help the state's aging population with services and support, particularly for those with income challenges.

"Organizations serving South Carolina's low-income seniors tell us they have seen an increase in the demand for their services in recent years," said Tim Pearson, Duke Energy's South Carolina state president. "With the aging population living longer, as well as the cost of living increasing, it's important to ensure those that helped build and strengthen our communities have the resources they need to comfortably enjoy their golden years."

Qualifying nonprofits serving low-income seniors can request grant funding from the Duke Energy Foundation for a one-time grant of up to $10,000 to cover general operating expenses.

These funds cannot be used for weatherization or utility assistance programs but are available for organizations providing home delivery meal assistance, transportation assistance, home modifications and programs that help seniors maintain safety and self-sufficiency, among others.

This opportunity is only available to nonprofit organizations, not individuals. Organizations seeking more information or to apply for a grant should visit duke-energy.com/SeniorAssistance. The application window closes Jan. 28.

This request for proposals follows similar initiatives by the Foundation to support the organizations that provide services to seniors in the state.

Through a similar request for proposals in 2023, Duke Energy provided 15 qualifying nonprofits in South Carolina grants of up to $20,000 that funded needed home repairs to enable senior citizens to continue to enjoy life in their current homes. In 2024, the Duke Energy Foundation provided an additional $100,000 in grants to 13 organizations in the state with existing home ramp programs for low-income senior citizens or those with disabilities who qualified for assistance.

"The response we received after grants in recent years were announced was tremendous, and eye opening as the scope of the needs of these organizations to support seniors became evident," said Amanda Dow, director of the Duke Energy Foundation in South Carolina. "We learned these organizations offer many different critical services to their clients all of which need funding. That's why this program is targeting general operations, so these organizations that do this great work can put the funds quickly toward those programs that need the most financial support."

Customers who need the services provided by these organizations also might have challenges funding other household needs, to include their electricity bill. To learn more about programs and information that can assist families to manage their energy bills when times are tough, visit duke-energy.com/SeasonalSavings.

Duke Energy Foundation
The Duke Energy Foundation provides more than $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 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on XLinkedInInstagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Ryan Mosier
24-Hour: 800.559.3853

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-offers-200-000-in-grants-to-help-nonprofits-that-support-senior-citizens-in-south-carolina-302345835.html

SOURCE Duke Energy

FAQ

How much is Duke Energy (DUK) offering in grants for South Carolina senior support nonprofits?

Duke Energy is offering $200,000 in total grants, with individual nonprofits eligible to receive up to $10,000 in one-time funding.

When is the application deadline for Duke Energy's (DUK) 2025 senior support grants in South Carolina?

The application window for the grants closes on January 28, 2025.

What did Duke Energy's (DUK) previous senior support grants in South Carolina fund in 2023-2024?

In 2023, Duke Energy provided grants up to $20,000 to 15 nonprofits for senior home repairs, and in 2024, they provided $100,000 to 13 organizations for home ramp programs.

What types of services can Duke Energy's (DUK) 2025 senior support grants fund?

The grants can fund meal delivery assistance, transportation assistance, home modifications, and programs supporting senior safety and self-sufficiency, but not weatherization or utility assistance programs.
Duke Energy Corp

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Latest SEC Filings

DUK Stock Data

91.24B
776.54M
0.13%
69.73%
1.81%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States
CHARLOTTE