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    XCEL ENERGY FOUNDATION

    Private FoundationIRS data 2022–2024
    MINNEAPOLIS, MNEIN 412007734

    Annual Giving

    $7.7M+3% YoY

    Grants

    1,820

    Median Grant

    $513

    Organizations Funded

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    Foundation Overview

    Mission

    Xcel Energy Foundation's mission is to use the collective knowledge, resources, and skills of our staff and colleagues to make a positive impact; The Energizing the Future grant program offers funding to nonprofit organizations and programs that support STEM career pathways (science, technology, engineering and math), environmental sustainability and community vitality

    Focus Areas

    environmental sustainabilitystem career pathwaysyouth developmentcommunity vitalitydisaster reliefhigher educationarts and culturevolunteer engagement

    Grant Types

    matching giftspayroll deduction matchingcredit-card donation matchingemployee giving (dollars-for-doing)volunteer/volunteer-energy grantsdiscretionary grants

    Funded Initiatives

    Foundation increased annual grant funding in 2022 to $4.4 million, Employee Choice Grants program has directed nearly $450,000 since 2015, recent 2025 winners include Food for Thought Denver $20,000, The Food Bank of Eastern New Mexico $10,000, Amarillo Children's Home $10,000

    How to Apply

    Grant applications are accepted by invitation only. Unsolicited proposals or letters of intent will not be considered. Organizations that are deemed eligible may be contacted by a regional corporate giving representative for further discussion and may then be invited to submit an application through their online application system

    Based on publicly available information from the foundation's 990 filings and website.

    Giving History

    2024+3%

    $7.7M

    Grants

    1,820

    Median

    $513

    States

    45

    2023

    $7.5M

    Grants

    1,872

    Median

    $500

    States

    48

    2022

    $7.4M

    Grants

    1,856

    Median

    $500

    States

    47

    Financial Overview

    YearTotal AssetsGrants Paid
    2024
    $2.1M
    $7.7M(361.0%)
    2023
    $3.7M
    $7.5M(203.9%)
    2022
    $11.1M
    $7.4M(66.9%)

    Grants paid shown as percentage of total assets

    Network Intelligence

    Funding follows networks, not keywords

    SciRise maps 4.8M+ grants across 16,000+ foundations to identify which ones are most likely to fund organizations like yours — based on who they already fund, not just what they say they fund.

    Data sourced from IRS 990 and 990-PF filings and publicly available foundation websites. Grant data, financial figures, and organizational details reflect historical filings and may not represent current operations or funding priorities. Verify directly with the foundation before applying. See an issue? Let us know.

    Questions?