American Electric Power Foundation
The American Electric Power Foundation is a private grantmaking foundation established in 2005 as the corporate foundation of American Electric Power, one of the nation's largest electric utilities. Based in Columbus, Ohio, with a registered address in Wilmington, Delaware, the foundation operates as a 501(c)(3) organization and serves as a major philanthropic force across the American Electric Power service territory.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$65.2M
-12.3% YoY
Annual Giving
$22.6M
-15.6% YoY
Grant Count
752
-5.2% YoY
Avg Grant Size
$30K
-11.0% YoY
Mission & Focus Areas
The foundation's mission is to enhance lives through strategic grantmaking and community engagement. Primary funding areas include:
- Education: Emphasis on STEM education from early childhood through higher education
- Basic Human Services: Programs addressing hunger, housing, health, and safety
- Environmental Protection: Conservation and environmental sustainability initiatives
- Social and Racial Justice: Programs promoting diversity and inclusion
- Arts and Culture: Support for arts, music, and cultural heritage to enrich community quality of life
Grantmaking
The foundation does not provide grants to:
Grant Range
$1,000 - $1,000,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation operates across an 11-state American Electric Power service territory:
- Arkansas
- Indiana
- Kentucky
- Louisiana
- Michigan
- Ohio
- Oklahoma
- Tennessee
- Texas
- Virginia
- West Virginia
Distribution patterns: Approximately 70% of grants remain in Ohio, with significant funding also directed to Texas, Indiana, Oklahoma, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2023):
- Total assets: $74.3 million
- Total revenues: $5.86 million
- Total expenses: $27 million
- Total liabilities: $0
Historical giving distribution:
- 37% to Education
- 19% to Social & Human Services
- 15% to Community Development
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,226,977 | $74,342,346 | $95,988,119 |
| Revenue | $13,479,995 | $5,857,994 | $79,861,978 |
| Expenses | $22,792,145 | $27,017,873 | $29,839,850 |
| Qualifying Distributions | $22,743,750 | $26,903,499 | $32,274,370 |
| Net Investment Income | $13,475,550 | $5,791,216 | $4,858,156 |
| Distributable Amount | $3,913,728 | $4,929,019 | $2,286,828 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Open Grants
1 open opportunity from American Electric Power Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Nick Akins – Chair, Director
- Christian T Beam – Director, Vice President, Secretary
- Janelle N Coleman – Director, President
- Ann P Kelly – Director, Treasurer
- Peggy I Simmons – Director, Vice President
- Julie Sloat – Secretary, Treasurer, Director, Chair
- Charles E Zebula – Treasurer, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christian T Beam | Dir, VP, Sec | 1 | — |
| Janelle N Coleman | Dir, Pres, Chair | 1 | — |
| Benjamin Fowke | Dir, Chair | 1 | — |
| Peggy I Simmons | Dir, VP, Vice Chair | 1 | — |
| Julie Sloat | Dir, Chair | 1 | — |
| Charles E Zebula | Treas, Dir | 1 | — |
| Kate Sturgess | Dir | 1 | — |
Recent News & Activity
Recent developments and announcements
Recent grant announcements demonstrate ongoing commitment to STEM education and workforce development:
AEP Ohio announced a $200,000 grant from the AEP Foundation
AEP Ohio Announces $200,000 Grant from the AEP Foundation to ...AEP Ohio Foundation provided support for STEM outreach in Southeast Ohio through Ohio University's STEMstart program
AEP Ohio Foundation grant supports STEM outreach in Southeast OhioAEP Foundation granted $36,000 to technical colleges and provided lineworker program scholarships in Kentucky
AEP Foundation grants $36K to technical colleges, provides lineworker programPSO (Public Service Company of Oklahoma) announced 2024 AEP Foundation STEM After-School grants
AEP Foundation grants $36K to technical colleges, provides lineworker programSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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