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Exelon Foundation
The Exelon Foundation operates the Climate Change Investment Initiative (2c2iSM), investing in startups addressing climate change. The foundation has made 27...
Exelon Foundation
The Exelon Foundation operates the Climate Change Investment Initiative (2c2iSM), investing in startups addressing climate change. The foundation has made 27 investments, including a Series A investment in Zero on February 17, 2026. Exelon Foundation has one portfolio exit, Eion, which exited on February 06, 2026.
General information
Firm type
Corporate foundation
Year founded
2007
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Sector focus
Frequently asked questions
What is the Exelon Foundation's relationship to Exelon Corporation?
The Exelon Foundation is the principal charitable arm of Exelon Corporation, a Fortune 200 utility holding company that owns six regulated electric and gas utilities. The foundation receives its funding through corporate contributions rather than from a dedicated endowment, which means its grantmaking capacity is directly linked to Exelon's annual financial performance. It operates as a department within the corporate affairs division and does not maintain a separate investment staff or portfolio.
Does the Exelon Foundation invest for financial return, or is it purely a grantmaking body?
It is exclusively a grantmaking body. The foundation does not manage an endowment, make market-rate investments, or pursue venture capital strategies for financial gain. Its limited venture-philanthropy work through the Climate Change Investment Initiative provides catalytic funding to startups, but those commitments are structured as grants and program-related investments, not as return-seeking allocations.
What kinds of organizations receive funding from the Exelon Foundation?
Grants flow primarily to nonprofits and educational institutions operating in Exelon's utility service areas. The foundation prioritizes programs that deliver STEM education to underrepresented students and initiatives that reduce greenhouse gas emissions. It also administers an employee matching-gift program that amplifies giving across thousands of organizations chosen by Exelon employees.
How large is the Exelon Foundation's grantmaking budget?
Exelon Corporation does not itemize the foundation's budget separately from its total community contributions, which exceeded $60 million in 2022 across the foundation, corporate giving, and employee programs. The foundation's individual war chest is not publicly disclosed, though it is materially smaller than the aggregate corporate figure and fluctuates with Exelon's operating revenue.
Who decides which organizations receive Exelon Foundation grants?
Grant decisions are made through the foundation's internal review process, which is staffed by Exelon's corporate affairs team and subject to board oversight. The foundation does not publicly name a separate chief investment officer or grantmaking committee; authority ultimately rests with the corporate leadership structure of the parent utility.
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