Exelon Foundation
The Exelon Foundation is a private foundation based in Chicago, Illinois, funded solely by Exelon Corporation through shareholder dollars. It supports education and workforce development, community-based solutions related to energy and the environment, and employee philanthropy.
Exelon Foundation at a glance
In short: Exelon Foundation gave $11.5M across 34 grants in 2024 (avg $337K), top state New Jersey. 85% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,473,360
- +12.9% vs 2023
- Grants made (2024)
- 34
- +36.0% vs 2023
- Average grant
- $337,452
- -17.0% vs 2023
- Median grant
- $5,000
- Total assets
- $101,146,412
- -6.6% vs 2023
- New grantees (estimate)
- 85% first-time grantees (28 of 33, 2024)
- Primary geography
- New Jersey (41% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Exelon Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Review Cycle
- The 2c2i page states that applications are open until September 27, 2026.
- Deadline
- The 2c2i page states that applications are open until September 27, 2026.
- Contact
Mailing address: 10 S Dearborn 50 Fl, Chicago, IL 60603
Phone: (312) 394-3340
Website: https://exeloncorp.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
4 open opportunities from Exelon Foundation
BGE Energizing Small Business Grants
Exelon Foundation
Amount
Varies
Deadline
Deadline not published
Climate Change Investment Initiative Grant Program
Exelon Foundation
Amount
Unspecified amount in in-kind support
Deadline
Deadline not published
Exelon Community Grants Program
Exelon Foundation
Amount
Varies
Deadline
Deadline not published
Who Exelon Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Cybergrantsjk Group Matching Donations to PCS-List Available Upon Request ($4.6M). Together the top 10 received $11.3M.
Grant Size Distribution
172 grants across all recorded years
The most common grant size was under $50K: 114 grants of 172 (66%).
Geographic Focus
Where this funder awards grants
The foundation describes 2c2i as operating in Exelon service territories, including Chicago, Philadelphia, Baltimore, Washington, D.C., Atlantic City, and Wilmington. Its 2024 grant dollars went primarily to recipients in New Jersey (41%), Virginia (31%), Illinois (10%), Maryland (9%), and Minnesota (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 34 itemized grants.
States
Cities
Is Exelon Foundation open to new grantees?
85%
first-time grantees, 2024
In 2024, 28 of 33 grantees (85%) were first-time recipients. First grants averaged $69K; repeat grants $1.9M. How we count
Medians: $5K first-time, $1M repeat.
- 12% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+19%). Method
- In 2024 it paid out 219% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $9.6M (2021) to $12.6M (2020). In 2024 it made 34 grants totaling $11.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cybergrantsjk Group Matching Donations to PCS-List Available Upon Request East Windsor, NJ | General | $4,593,815 |
| National Energy Education Development Project (Need) Manassas, VA | STEM Leadership Academy | $2,610,000 |
| Cal Ripken Sr Foundation Baltimore, MD | General | $1,000,000 |
| Museum of Science & Industry Chicago, IL | Climate Change Exhibition | $1,000,000 |
| National Energy Education Development Project (Need) Manassas, VA | ESP and Scholarship Programs | $940,000 |
| Scholarship America Inc Minneapolis, MN | Bright Futures Scholarship | $399,545 |
| Institute of International Education New York, NY | Exelon Foundation Global STEM Perspectives Program | $250,000 |
| Current Innovation NFP Chicago, IL | Blue Economy Programs | $150,000 |
| Drexel University Philadelphia, PA | Community Connections Grant: Drexel Slams McMichael School Initiative | $150,000 |
| Fund for the School District of Philadelphia Philadelphia, PA | Community Connections Grant: Create Plan Program | $100,000 |
Ready to take the next step with Exelon Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $101,146,412 | $5,598,707 | $16,117,908 | $11,473,360 | 34 | $11,494,504 | $4,901,355 | $5,239,564 |
| 2023 | $108,240,559 | $353,401 | $11,577,559 | $10,158,456 | 25 | $10,175,061 | $1,897,443 | $5,042,767 |
| 2022 | $118,696,070 | $15,640,660 | $15,219,597 | $12,392,603 | 29 | $13,076,153 | $1,775,387 | $5,381,931 |
| 2021 | $116,558,021 | $16,716,086 | $8,158,916 | $9,603,862 | 34 | $9,668,141 | $15,947,477 | $6,128,144 |
| 2020 | $110,748,695 | $2,892,286 | $15,663,022 | $12,590,005 | 50 | — | $2,142,373 | $5,762,826 |
Under IRS private-foundation payout rules, Exelon Foundation reported a distributable amount of $5.2M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation supports programs addressing climate change, with a focus on underserved communities, and programs that inspire students to pursue careers in the energy field. It also supports employee philanthropy through giving, matching gifts, and volunteer-related programs.
Its 2024 grants show support for STEM education and scholarships, climate education, community programs, and other charitable purposes. For example, the National Energy Education Development Project received support for a STEM Leadership Academy and for energy education and scholarship programs. The Museum of Science & Industry received a grant for a climate change exhibition.
Some supported organizations describe their own missions as follows: the Cal Ripken Sr. Foundation says it works in underserved and distressed communities, including through youth development and STEM education; Current Innovation says it aims to grow an inclusive blue economy and address persistent water challenges; and the Institute of International Education says it promotes international educational and cultural exchanges, including through fellowships and scholarships.
Grantmaking
In 2024, the foundation reported 34 grants totaling $11,473,360. Grants ranged from $5,000 to $4,593,815, with a median grant of $5,000.
Notable 2024 grants included:
The foundation also describes the Climate Change Investment Initiative (2c2i) as a joint commitment with Exelon Corporation to support startups working on climate mitigation, adaptation, and resilience in Exelon service territories. The commitment combines a $10 million equity investment from the foundation with up to $10 million in in-kind services from Exelon Corporation. The program page states that applications are open until September 27, 2026, and advises applicants to apply early.
The Exelon Foundation Green Lab Grant invites out-of-school-time providers to develop or modernize STEM labs for high-school-aged youth, with an emphasis on students from traditionally under-resourced areas and environmental learning.
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 2024 filing lists Aaron Koos and Dave Velazquez as vice presidents and directors; Calvin Butler as chairman and director; Amy Best, Carim Khouzami, Colette Honorable, Denise Galambos, and Douglas J. Brown as directors; and Elizabeth Hensen as assistant secretary.
The foundation website identifies Paula Conrad as president and Michelle McConnell as secretary.
Exelon Foundation is led by Paula Conrad, President on every filing since 2020; 2 of 21 officers listed in 2024 are compensated.
Officers on the 2024 filing
Paula Conrad
President
On filings since 2020
3 hrs/week
No compensation reported
Calvin Butler
Chairman & Director
Director → Chairman & Director, 2022
On filings since 2020
1.5 hrs/week
No compensation reported
Marjorie Rodgers-Cheshire
Director
On filings since 2022
0.3 hrs/week
$4K (2022) → $6K (2024)
Ricardo Estrada
Director
On filings since 2022
0.3 hrs/week
$2K (2022) → $6K (2024)
Amy Best
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Douglas J. Brown
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Michael Innocenzo
Director
Director → Past Director, 2022
Past Director → Director, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Aaron Koos
Vice President & Director
On filings since 2022
0.3 hrs/week
No compensation reported
Dave Velazquez
Vice President & Director
On filings since 2022
0.3 hrs/week
No compensation reported
Gil Quiniones
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Jeanne Jones
Treasurer & Director
On filings since 2022
0.3 hrs/week
No compensation reported
Sunny Elebua
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Carim Khouzami
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Colette Honorable
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Gayle Littleton
Director
On filings since 2023
0.3 hrs/week
No compensation reported
J. Tyler Anthony
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Denise Galambos
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Jessica Hart
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Elizabeth Hensen
Assistant Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Michelle McConnell
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Ryan Brown
Assistant Treasurer
On filings since 2022
0.3 hrs/week
No compensation reported
Former officers (15)
- Former: Carter Culver (2020–2023) — Director
- Former: Katherine A. Smith (2020–2023) — Assistant Secretary
- Former: Christopher Crane (2020–2022) — Past Chairman & Director
- Former: Elisabeth Graham (2020–2022) — Assistant Treasurer
- Former: Joseph Nigro (2020–2022) — Past Director
- Former: Robert J. Lawless (2020–2022) — Past Director
- Former: Rosemarie Greco (2020–2022) — Past Director
- Former: Joe Dominguez (2021–2022) — Past Director & Vice President
- Former: Judy Rader (2021–2022) — Past Director & Vice President
- Former: Lisa Graham (2021) — Assistant Treasurer
- Former: Joseph Dominquez (2020) — Vice President & Director
- Former: Judith Rader (2020) — Vice President & Director
- Former: Maggie Fitzpatrick (2020) — Vice President & Director
- Former: Steven J. Solomon (2020) — President
- Former: William A. Von Hoene Jr. (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $6K, to Marjorie Rodgers-Cheshire (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Exelon Foundation
How much does Exelon Foundation give each year?
Exelon Foundation gave $11.5M across 34 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10.2M across 25 grants.
What is Exelon Foundation's typical grant size?
Exelon Foundation's median grant in 2024 was $5,000, and its average grant was $337,452, across 34 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Exelon Foundation that year got $69K on average.
Where does Exelon Foundation give grants?
Exelon Foundation's top state is New Jersey, with 41% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (31%) and Illinois (10%). The most frequent recipient cities were Chicago, IL (4 grants), Baltimore, MD (3 grants), Manassas, VA (2 grants) and New York, NY (2 grants).
Does Exelon Foundation give general operating support?
Yes: 68% of Exelon Foundation's 2024 grants with a stated purpose (23 of 34) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Exelon Foundation's largest grantees?
Exelon Foundation's largest 2024 grantees include Cybergrantsjk Group Matching Donations to PCS-List Available Upon Request ($4,593,815), National Energy Education Development Project (Need) ($3,550,000 across 2 grants) and Cal Ripken Sr Foundation ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Exelon Foundation?
Exelon Foundation reported $101.1M in total assets on its 2024 IRS Form 990-PF. It paid out $11.5M in qualifying distributions that year, against a required minimum of $5.2M (roughly 5% of its investment assets).
What does Exelon Foundation fund?
The foundation supports programs addressing climate change, with a focus on underserved communities, and programs that inspire students to pursue careers in the energy field. It also supports employee philanthropy through giving, matching gifts, and volunteer-related programs. See mission & focus areas ↑
How do I apply for a grant from Exelon Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Exelon Foundation's EIN?
Exelon Foundation's EIN (Employer Identification Number) is 83-0499473. IRS Form 990 filing data is available on this page for 2020–2024.
Does Exelon Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
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Cite this profile
Grantable. (2026). Exelon Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/exelon-foundation-morg_6d48cdaaa8494496b232b48d0e412568
BibTeX
@misc{grantable_830499473_2026,
author = {{Grantable}},
title = {{Exelon Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/exelon-foundation-morg_6d48cdaaa8494496b232b48d0e412568},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Exelon Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Exelon Foundation down — hundreds of funders to go?