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Entergy Charitable Foundation Announces $1 Million in Grants

Entergy Charitable Foundation Announces $1 Million in Grants

Published 07-16-08

Submitted by Entergy Corporation

NEW ORLEANS, July 16 /PRNewswire/ -- The Entergy Charitable Foundation today announced the release of more than $1 million in grants to 68 organizations throughout Entergy's operating area. The grant awards bring to $3.1 million the amount distributed by the foundation so far in 2008.

Nearly one-third of the funds announced today are earmarked to help rebuild homes in New Orleans. The largest grant, $200,000, is for the Volunteers of America's Coming Back Home Initiative, which is an effort by private and government groups to create 1,050 housing units for families who lost or had their homes damaged by Hurricane Katrina.

Another $125,000 grant is going to the Louisiana Housing and Community Development Corporation to develop new or rehabilitated housing to be sold to low-to-moderate income individuals or families in New Orleans. The group anticipates building or rehabbing five to 10 homes a year.

"With Entergy's support, we will have a very positive impact on the lives of our fellow citizens by providing one of the most basic needs and one of the most basic senses of security -- a home," said Timothy Smith, president and CEO of Louisiana Housing and Community Development.

Entergy also gave a $70,000 grant to St. Charles Parish to improve Montz Park and $65,700 to the Central City Renaissance Alliance for its Giant Campus program. Giant Campus is meant to close the "digital divide" by improving computer and job skills for up to 300 participants.

In other areas served by Entergy, an $84,000 grant was awarded to the Arkansas Enterprise Group, a pilot program involving the Southern Good Faith Fund that encourages low- and moderate-income families to save for their children's higher education by matching their contributions to Arkansas' existing college-savings program. It is the second $84,000 grant the program has received from the foundation. In addition, grants were received by the Julius Freyhan Foundation of St. Francisville, La.; the Education for Tomorrow Alliance in Conroe, Texas; the Brattleboro Area Drop In Center, Brattleboro, Vt.; and KIPP Delta Inc. of Helena, Ark.

"The Entergy Charitable Foundation's goals are to invest in programs that help move low-income residents toward self-sufficiency and strengthen the social fabric of the cities and towns we serve," said Patricia Riddlebarger, Entergy's director of corporate social responsibility.

The Entergy Charitable Foundation is a private, not-for-profit foundation wholly funded by Entergy Corporation. The foundation's purpose is to help low-income families and individuals escape poverty by providing them with tools such as education, job training and placement, literacy programs, affordable housing and helping them build assets. The ECF accepts applications three times per year. For more information or to access an application form from the Entergy Charitable Foundation, visit http://www.entergy.com

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.

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Entergy Corporation

Entergy Corporation

Entergy is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife

Corporate Social Responsibility at Entergy

For more than 100 years, Entergy has powered life in our communities through strategic philanthropy, volunteerism and advocacy. Entergy’s corporate social responsibility initiatives help create and sustain thriving communities, position the company for sustainable growth and are aligned with the United Nations Sustainable Development Goals. Our top CSR priorities are education/workforce development, poverty solutions/social services and environmental programs. Entergy annually contributes $16-$18 million in shareholder-funded grants to approximately 2,000 nonprofit organizations in the communities where we operate. In addition, our employees volunteer more than 100,000 hours in those communities' values at more than $3 million.

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