Constellation Energy Foundation Inc Cfnd01
Constellation Energy Foundation Inc (also known as Rembrandt Foundation Inc) is a private foundation established in July 1986 and based in Baltimore, Maryland. The foundation serves as the philanthropic arm of Constellation Energy Corporation, the nation's largest producer of carbon-free energy. The foundation supports community organizations and initiatives aligned with the company's commitment to clean energy and environmental stewardship.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.8M
+22.6% YoY
Annual Giving
$2.4M
+83.0% YoY
Grant Count
1
-93.3% YoY
Avg Grant Size
$2.4M
+2644.5% YoY
Mission & Focus Areas
The foundation supports organizations involved in:
- Education – particularly clean energy education and workforce development
- Energy Assistance – supporting communities' energy needs
- Environment – environmental stewardship, conservation, and sustainability
- Economic Growth – community economic development initiatives
Grantmaking
Grant Range
$500 to $125,000
Review Cycle
and November announcement.
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Geographic Focus
Where this funder awards grants
The foundation prioritizes funding in communities where Constellation operates, with particular focus on:
- Illinois
- Maryland
- New York
- Pennsylvania
- Texas
The foundation also funds nationally, with Community Champions grants available across 28 states where Constellation does business.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $51,752,139
- Total Revenues: $11,947,153
- Total Expenses: $2,424,292
- Total Grants, Contributions: $10,000,000
- Investment Income and Dividends: $1,597,534
Broader Company Giving (2024):
- Combined company, Foundation, and employee contributions: $20 million
- Support provided to more than 4,100 nonprofit organizations
- Employee giving: $5.6 million
- Company and Foundation giving: $18.9 million
- Employee volunteer hours: 128,900
2025 Projections:
- Total contributions (company, Foundation, and employee): $24.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,752,139 | $42,213,338 | $19,948,971 |
| Revenue | $11,947,153 | $24,075,312 | $541,157 |
| Expenses | $2,424,292 | $1,401,261 | $382,163 |
| Qualifying Distributions | $2,389,456 | $1,416,423 | $419,190 |
| Net Investment Income | $1,924,883 | $3,600,637 | $732,179 |
| Distributable Amount | $2,260,972 | $1,143,723 | $1,104,033 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Judy Rader – Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN BARRON | CHAIR | 1 | — |
| JOE DOMINGUEZ | OFFICER | 1 | — |
| DAVID DARDIS | PRESIDENT | 1 | — |
| DAN EGGERS | TREASURER | 1 | — |
| BRIAN ANDERSEN | OFFICER | 1 | — |
| BRYAN HANSON | OFFICER | 1 | — |
| JIM MCHUGH | OFFICER | 1 | — |
| SUSIE KUTANSKY | OFFICER | 1 | — |
| KATIE OTT | OFFICER | 1 | — |
| MIKE KOEHLER | OFFICER | 1 | — |
| JUDY RADER | EXECUTIVE DIRECTOR | 1 | — |
| BRIAN BUCK | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
**October 2024 – CLEAN Awards Launch**
The foundation announced the inaugural Constellation Leading Environmental Accelerators Network (CLEAN) Awards, distributing $1 million in grant funding to support 35 conservation projects across five states. Twenty-five nonprofits received grants ranging from $5,000 to $125,000. Projects include installing living shorelines, restoring native habitats, advancing environmental education, and supporting an aquatic recovery center for reptiles and amphibians.
Constellation Foundation Launches $1M Environmental Initiative to Protect**National Aquarium Partnership**
Constellation committed $1 million over five years to support the National Aquarium's waterfront campus development, including installation of floating wetlands to improve water quality and create habitat for native species in Baltimore's Inner Harbor.
**Community Impact**
The foundation has awarded nearly $7 million through its E2 Energy to Educate program. In 2024, Constellation contributed $20 million in combined company and employee giving to support more than 4,100 nonprofit organizations.
Constellation Foundation Launches $1M Environmental Initiative to ProtectRelated Funders
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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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