The Exelon Foundation is an independent, non-profit philanthropic organization based in Chicago, Illinois. Established in 2007 and tax-exempt since February 2008, the Foundation is funded solely by Exelon Corporation through shareholder dollars. As a corporate foundation, it operates as a 501(c)(3) organization dedicated to leveraging the power and resources of Exelon Corporation to make a positive impact on communities and the environment.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$101.1M
-6.6% YoY
Annual Giving
$11.5M
+12.9% YoY
Grant Count
34
+36.0% YoY
Avg Grant Size
$337K
-17.0% YoY
Mission & Focus Areas
The Foundation's mission is to encourage respect for the environment and to strengthen the social and economic fabric of the community. The Foundation supports programs across three primary areas:
Energy Empowerment in Communities
- Support for programs that address climate change with a focus on underserved communities, including the Climate Change Investment Initiative (2c2i)
Energy Education & Workforce Development
- Support for programs that inspire students to pursue careers in the energy field
- Funding for innovative math and science education programs
Employee Engagement
- Support for employee philanthropy through the Exelon Foundation Employee Giving Campaign, Matching Gifts, and Dollars for Doers programs
The Foundation also supports programs designed to promote environmental conservation and diversity and tolerance initiatives.
Grantmaking
Notable grants include:
Grant Range
Ranges from $5,000 to $5,942,603
Average Grant
Ranges from $5,000 to $5,942,603
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Geographic Focus
Where this funder awards grants
The Foundation supports initiatives across multiple U.S. cities and states, with particular focus on:
- Illinois (including Chicago)
- Maryland
- New Jersey
- Pennsylvania
- Additional presence in: Delaware, Indiana, Massachusetts, Minnesota, Mississippi, North Carolina, Texas, Wisconsin, and Washington D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (Fiscal Year 2024)
- Total Assets: $101,146,412
- Total Revenue: $5,598,707
- Total Expenses: $16,117,908
- Total Liabilities: $11,400,000
Revenue Breakdown (2024)
- Total grants and contributions: $417,463
- Investment income and dividends: $5,806,252
Historical Comparison (2023)
- Total Assets: Approximately $108,240,559 (per alternative source)
- Total Revenue: $353,401
- Total Expenses: $11,577,559
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,146,412 | $108,240,559 | $118,696,070 |
| Revenue | $5,598,707 | $353,401 | $15,640,660 |
| Expenses | $16,117,908 | $11,577,559 | $15,219,597 |
| Qualifying Distributions | $11,494,504 | $10,175,061 | $13,076,153 |
| Net Investment Income | $4,901,355 | $1,897,443 | $1,775,387 |
| Distributable Amount | $5,239,564 | $5,042,767 | $5,381,931 |
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
172 grants across all recorded years
Open Grants
4 open opportunities from Exelon Foundation
BGE Energizing Small Business Grants
EXELON FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Climate Change Investment Initiative Grant Program
EXELON FOUNDATION
Amount
Unspecified amount in in-kind support
Deadline
Rolling / Open
Exelon Community Grants Program
EXELON FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Foundation Team
- Paula Conrad - President, Exelon Foundation; Vice President, Corporate Relations
- Michelle McConnell - Secretary, Exelon Foundation; Senior Corporate Relations Specialist
Board Members (as referenced in recent filings)
- Amy Best
- Douglas J. Brown
- Marjorie Rodgers-Cheshire
- Ricardo Estrada
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AARON KOOS | VICE PRESIDENT/DIRECTOR | 0.25 | — |
| AMY BEST | DIRECTOR | 0.25 | — |
| CALVIN BUTLER | CHAIRMAN/DIRECTOR | 1.5 | — |
| CARIM KHOUZAMI | DIRECTOR | 0.25 | — |
| COLETTE HONORABLE | DIRECTOR | 0.25 | — |
| DAVE VELAZQUEZ | VICE PRESIDENT/DIRECTOR | 0.25 | — |
| DENISE GALAMBOS | DIRECTOR | 0.25 | — |
| DOUGLAS J BROWN | DIRECTOR | 0.25 | — |
| ELIZABETH HENSEN | ASSISTANT SECRETARY | 0.25 | — |
| GAYLE LITTLETON | DIRECTOR | 0.25 | — |
| GIL QUINIONES | DIRECTOR | 0.25 | — |
| J TYLER ANTHONY | DIRECTOR | 0.25 | — |
| JEANNE JONES | TREASURER/DIRECTOR | 0.25 | — |
| JESSICA HART | DIRECTOR | 0.25 | — |
| MARJORIE RODGERS-CHESHIRE | DIRECTOR | 0.25 | $6,000 |
| MICHAEL INNOCENZO | DIRECTOR | 0.25 | — |
| MICHELLE MCCONNELL | SECRETARY | 10 | — |
| PAULA CONRAD | PRESIDENT | 3 | — |
| RICARDO ESTRADA | DIRECTOR | 0.25 | $6,000 |
| RYAN BROWN | ASSISTANT TREASURER | 0.25 | — |
| SUNNY ELEBUA | DIRECTOR | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has been active in advancing STEM education in underserved communities. In 2022, the Foundation announced 27 Green Lab grant winners and committed to advancing STEM education in under-resourced communities. The Foundation has also granted over $850,000 to education organizations providing STEM education.
Exelon announces 27 green lab grant winners for 2022, plans to ...The Foundation's Climate Change Investment Initiative (2c2i) represents a joint commitment between Exelon Corporation and the Exelon Foundation to invest in and cultivate meaningful partnerships with start-ups focused on advancing climate change mitigation, adaptation, and resilience. This initiative has included grants to companies working on clean energy solutions and electric vehicle charging infrastructure.
Exelon announces 27 green lab grant winners for 2022, plans to ...Contact Information
Exelon Foundation 10 S. Dearborn Street Chicago, IL 60603 Email: exelonfoundation@exeloncorp.com Phone: 312-394-3340
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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