NV Energy Foundation

Objectives

The NV Energy Foundation is has several goals:

  • Fund significant programs or initiatives that have lasting, positive impacts in the communities we serve
  • Fund initiatives with measurable outcomes and a high degree of funding accountability
  • Tie funding more closely to NV Energy's business purpose
  • Strengthen relationships with nonprofit organizations and the community at large
  • Increase the potential for employee volunteer involvement
  • Offer the potential for collaborations with other organizations or businesses
  • Provide higher visibility and recognition opportunities for NV Energy
  • Support quality of life indicators

Connecting With The Community Through The Power Of Giving

NV Energy is an investor-owned corporation, whose operating subsidiaries are engaged in energy and utility services. Through its Foundation, NV Energy distributes charitable contributions throughout its northern and southern Nevada service territory. The Foundation supports NV Energy's charitable efforts and those of its employees. Through direct grants, scholarships and volunteerism, the Foundation actively supports improvements in the quality of life in the communities NV Energy serves.

Recipients of Foundation grants must be nonprofit organizations with  a 501(c)(3) status from the IRS and be located within NV Energy's service territory. Grants are focused on five philanthropic areas: education, the environment, youth development, arts and multi-cultural outreach and health and human services.

Philosophy

The Foundation is committed to supporting the diverse communities in which NV Energy operates. We take this commitment very seriously by actively participating in communities in three ways: philanthropy, civic leadership and volunteerism. Giving back to the communities in which we operate makes them better places to live and work, and in turn makes them better places to do business.
We support our local communities through financial contributions as well as through community service. We measure our success through the eyes of our employees, our shareholders, our customers, our business partners and our neighbors. As active participants in the communities in which we serve, we seek to understand and support emerging issues that are important to all of our stakeholders.

Eligibilty

Recipients of Foundation grants need to meet the following qualifications:

  • The nonprofit organization is based in NV Energy's service territory
  • The group is a qualified 501(c)(3) organization with a valid Internal Revenue Service tax ID
  • The grant proposal supports one or more of the Foundation's focus areas:
    • Education
    • The Environment
    • Arts and Multicultural
    • Health & Human Services
    • Youth Development

Performance Measures

NV Energy supports regional, measurable quality of life indicators. For example, Truckee Meadows Tomorrow in the Reno/Sparks region gives a list of quality of life indicators for organizations to reference (visit http://www.truckeemeadowstomorrow.org/ for more information on community quality of life initiatives.) Quality of life indicators define measurable program outcomes, and we encourage organizations applying for grants to identify regionally specific quality of life indicators their organization or program supports, and the accompanying measurement of program success.

Foundation Board

The NV Energy Foundation Board is led by key corporate leaders and representatives from our Employee Volunteer Council. The Foundation Board is responsible for management and governance of philanthropic activities.

The Board, which meets bimonthly, sets Foundation budgets, policies and procedures and approves all grants. However, to gain input and ideas from employees at every level and in all geographic locations, the Foundation relies on the Employee Volunteer Council (EVC), as an advisory committee. This committee is composed of local employees. They make recommendations to the Foundation Board regarding local grants that fit the Foundation's philosophies, meet local needs and advance the Foundation's strategies.

Download the Foundation's guidelines and the procedures regarding donations.