News Releases

NV Energy and the NV Energy Foundation Supported Nevada Nonprofits in 2016 with More Than $5.4 Million

Feb 27, 2017
9:50 AM

NV Energy Employees Volunteered More Than 37,500 Hours at Local Nonprofit Organizations

Feb. 27, 2017 - NV Energy and the NV Energy Foundation continued its tradition of giving back to the communities it serves by donating more than $5.4 million last year to support 335 nonprofit organizations statewide. The NV Energy Foundation addresses key community needs in the areas of education and youth, protection of the environment, arts and multicultural outreach, and health and human services. The NV Energy Foundation is funded by NV Energy, not its customers.

Grants were awarded to 82 northern Nevada nonprofits, including the Women & Children’s Center of the Sierra, Boys & Girls Club of Winnemucca, UNR Foundation for the College of Engineering Building, Girl Scouts of Sierra Nevada and KNPB Channel 5 Public Broadcasting. Sixty-five southern Nevada organizations, including Opportunity Village, the Lou Ruvo Center for Brain Health, Three Square Food Bank and the Public Education Foundation also received grants.

“Charitable giving is important to me and my colleagues,” said Paul Caudill, NV Energy President and Chief Executive Officer. “We’re proud to further the important missions of nonprofit organizations in our communities through financial support and volunteerism. Not only do we have a lot of fun volunteering, but it is very rewarding.”

Standing behind NV Energy’s philanthropic efforts are its employees. Last year, employees volunteered more than 37,500 hours to organizations they care about in their communities. According to Points of Light, an international nonprofit organization that is dedicated to engaging people through voluntary service, this equates to nearly $900,000 in labor that nonprofits do not have to pay for, allowing the organizations to direct vital budget dollars to achieving their missions. Additionally, employees contributed to NV Energy’s 2016 United Way efforts, allowing the company and its employees to raise $1.29 million for United Way statewide. 

The NV Energy Foundation has 32-year long legacy of giving back to the community. In 1985, then Sierra Pacific Power Company, created the Sierra Pacific Power Company Foundation and in the late 1990’s Nevada Power created the Nevada Power Foundation. In 1999, the two companies and their respective foundations merged. When the company’s name changed to NV Energy in 2009, the name of the two foundations changed to the NV Energy Foundation. In 2013, when Berkshire Hathaway Energy (BHE) acquired NV Energy, BHE gave $16 million to endow the Foundation. This donation ensures the Foundation’s future and its ability to continue to give back to nonprofit organizations that are doing vital work in communities throughout the state.

For more information about the NV Energy’s community commitment, visit nvenergy.com/powerofgood.

About the NV Energy Foundation

NV Energy maintains the NV Energy Foundation, a 501c3, to support its philanthropic efforts. Through direct grants, scholarships and employee grant programs, the NV Energy Foundation actively supports improvements in the quality of life in NV Energy’s service territories. The NV Energy Foundation is funded by NV Energy, not its customers. Information about the NV Energy Foundation is available at nvenergy.com/foundation.

About NV Energy

NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and more than 40 million tourists annually.  NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. Information about NV Energy is available on the company’s website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.

###

For further information: Jennifer Schuricht, NV Energy 702-402-5241, jschuricht@nvenergy.com