The Xcel Energy Foundation today announced it has invested nearly $160 million over the past quarter of a century to strengthen communities, according to a new Impact Report commemorating the Foundation’s 25th anniversary.

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An Xcel Energy volunteer performs community service work.

An Xcel Energy volunteer performs community service work.

Since the Foundation’s establishment in 2001, Xcel Energy and the Xcel Energy Foundation have supported communities in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The investments include more than $82.8 million in grant funding to local nonprofit organizations and $73.6 million in contributions from Xcel Energy employees and retirees through gift matching and volunteer-driven giving programs.

“As we celebrate the Foundation’s 25th anniversary, this report reflects the incredible impact Xcel Energy and employees made hand-in-hand with our nonprofit partners and communities,” said Patricia Correa, senior vice president, human resources and employee services, and chief human resources officer. “The report honors the work that has shaped our communities for 25 years and our commitment to furthering this impact for decades to come.”

The report highlights the Foundation’s investments to support nonprofit organizations and programs aligned with three core focus areas: community vitality, environmental sustainability and STEM career pathways. In 2025 alone, the Foundation awarded nearly $5 million to 384 nonprofit organizations through its Energizing the Future focus area grant program.

Additional 2025 highlights include:

  • Nearly $13.5 million contributed across the eight states the company serves

  • More than 96,000 hours of employee volunteer paid time off contributed to nearly 1,000 nonprofit organizations

  • 2,389 job placements in STEM careers

  • More than 26,000 trees planted and more than 18,000 tons of carbon emissions offset through Xcel Energy environmental sustainability initiatives

  • $5.5 million invested in communities through the company’s annual Power Your Purpose giving campaign and Foundation contribution match

  • Nearly 3,000 employees and customers participated in the company’s annual Day of Service, volunteering about 8,900 hours at nonprofit projects across the region

The report also spotlights nonprofit partner organizations that are making a meaningful difference across the region, including Children’s Theatre Company in Minnesota, The Park People in Colorado, Amarillo College Foundation in Texas, Casakids in New Mexico, North Dakota State University Foundation in North Dakota, Gogebic Community College Foundation in Michigan and Wild Rivers Conservancy of the St. Croix and Namekagon in Minnesota and Wisconsin.

“NDSU Foundation is deeply grateful for the enduring partnership of the Xcel Energy Foundation,” said John Glover, president and CEO, NDSU Foundation, which has received $535,000 in investment from the Xcel Energy Foundation over the past 40 years. “For decades, the investments have expanded opportunity, fueled innovation and empowered generations of NDSU students to transform their potential into impact. The continued commitment strengthens NDSU and the future leaders we serve.”

Beyond grantmaking, the Foundation’s Impact Report showcases how employees support communities through volunteerism, board service and charitable giving.

Read the Xcel Energy Foundation’s 25th Anniversary Impact Report.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a leading energy provider, dedicated to serving millions of customers with excellence. We make energy work better for customers, helping them thrive every day. That means always raising the bar — delivering better service and providing more reliable, resilient and sustainable energy.

We are committed to leading the clean energy transition, meeting our customers’ need for more, cleaner power, while keeping bills as low as possible. Because the people we serve depend on us to power their lives.

Headquartered in Minneapolis, we work every day to generate and distribute electricity and gas to customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. For more information, visit xcelenergy.com or follow us on X and Facebook.

About Xcel Energy Foundation

The Xcel Foundation is a 501(c)(3) organization that awards charitable grants to nonprofit organizations and sponsors the volunteer programs of Xcel Energy and its subsidiaries. The majority of Xcel Energy Foundation funding comes from Xcel Energy shareholder dollars. Learn more about the Foundation’s Focus Area Grants.

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