GE Vernova Foundation I
GE Vernova Foundation I is a private independent foundation established in 2024 and based in Wilmington, Delaware. The foundation is a 501(c)(3) charitable organization funded by GE Vernova, a standalone energy company that spun off from General Electric. The foundation was officially launched on Earth Day 2024, building on the legacy of the GE Foundation's 100+ years of philanthropic work.
Key facts about GE Vernova Foundation I
- EIN
- 93-2481739
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,578,334
- Grants made (2024)
- 77
- Average grant
- $33,485
- Median grant
- $4,000
- Total assets
- $12,530,589
- Primary geography
- Virginia (46% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited proposals and selects grantees directly.
Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who GE Vernova Foundation I funds
By grant dollars, the top recipient states for GE Vernova Foundation I's 77 itemized 2024 grants were Virginia (46%), California (12%) and Georgia (12%). The most frequent recipient cities were Alexandria, VA (5 grants), Greenville, SC (5 grants), Atlanta, GA (4 grants) and Houston, TX (4 grants). 29% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship Grant" (46 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.5M
+150.6% YoY
Annual Giving
$2.6M
Grant Count
77
Avg Grant Size
$33K
Under IRS private-foundation payout rules, GE Vernova Foundation I reported a distributable amount of $434K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The GE Vernova Foundation's purpose is to put into practice GE Vernova's core mission: "The Energy to Change the World." The foundation is committed to making meaningful impact in communities where GE Vernova employees live and work.
The foundation's primary focus areas include:
Building the Future Workforce: Addressing the global skills gap in the energy sector by investing in both current and future workforce development. This includes encouraging young people to pursue careers in energy transition fields.
Community Resilience: Supporting stronger and more resilient global communities through strategic philanthropic initiatives.
Sustainability: Aligning with GE Vernova's sustainability framework pillars: electrify, decarbonize, conserve, and thrive.
Grantmaking
The foundation operates on a preselected grantee model, typically selecting charitable organizations rather than accepting unsolicited proposals.
Grant Range
s**: Typical awards range from $24,000 to $400,000.
How to Apply
**: The foundation does not accept unsolicited proposals and selects grantees directly.
Ready to take the next step with GE Vernova Foundation I?
Geographic Focus
Where this funder awards grants
The foundation funds globally, with particular emphasis on communities where GE Vernova has operations and employees. Documented funding activity includes:
- United States (Massachusetts, South Carolina, Texas, New York, Georgia)
- Vietnam
- Indonesia
- United Kingdom
- South Africa
Grant Distribution by State
Share of all 77 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $12,530,589 | 2024 |
| Total Assets | $5,000,000 | 2023 |
| Total Revenue | $10,300,000 | 2024 |
| Total Revenue | $5,000,000 | 2023 |
| Total Giving | $2,578,334 | 2024 |
| Total Expenses | $0 | 2023 |
| Total Liabilities | $0 | 2023 |
The foundation's assets grew from $5 million in 2023 to $12.5 million in 2024, reflecting significant growth in its first year of operation.
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $12,530,589 | $5,000,000 |
| Revenue | $10,319,246 | $5,000,000 |
| Expenses | $2,788,657 | — |
| Qualifying Distributions | $2,785,490 | — |
| Net Investment Income | $318,179 | — |
| Distributable Amount | $434,385 | $9,333 |
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
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Charities Aid Foundation America ($994,868 across 5 grants), Skillpointe Foundation Inc ($285,000), American National Red Cross ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHARITIES AID FOUNDATION AMERICA ALEXANDRIA, VA | RENEW Skills Program in Vietnam | $400,000 |
| SKILLPOINTE FOUNDATION INC CHAMBLEE, GA | GE Vernova Foundation Future of Energy SkillPointe Scholarship fund | $285,000 |
| CHARITIES AID FOUNDATION AMERICA ALEXANDRIA, VA | General & Unrestricted | $265,109 |
| AMERICAN NATIONAL RED CROSS WASHINGTON, DC | Disaster Response for Hurricane Helene | $250,000 |
| CHARITIES AID FOUNDATION AMERICA ALEXANDRIA, VA | General & Unrestricted | $217,530 |
| INSTITUTE OF INTERNATIONAL EDUCATION INC NEW YORK, NY | STAR SCHOLARSHIP Program Administration | $209,500 |
| COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE I MERRIFIELD, VA | Disaster Response for Storm Boris (Poland) and Typhoon Yagi (Vietnam) | $200,000 |
| TEAM RUBICON LOS ANGELES, CA | Disaster Relief for Hurricane Milton | $200,000 |
| COMMONWEALTH CORPORATION FOUNDATION BOSTON, MA | Skills development | $150,000 |
| CHARITIES AID FOUNDATION AMERICA ALEXANDRIA, VA | Spanish Red Cross for Disaster Relief for Communities Impacted by the Spanish Floods | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Kristin Carvell: President and Treasurer of the GE Vernova Foundation; Chief Communications Officer of GE Vernova
- Jennifer Edwards: Secretary
- Scott Strazik: Member Spokesperson
- Ramesh Singaram: Board Director for the foundation; President and CEO for Asia, Gas Power, GE Vernova
All team members work minimal hours and receive no compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steven Baert | Dir | 1 | — |
| Kristin Carvell | Dir, Pres, Treas | 1 | — |
| Tran Che | VP | 1 | — |
| David Cook | VP | 1 | — |
| Jennifer Edwards | Sec, VP | 1 | — |
| Lisa Feliciano | Treas | 1 | — |
| Rachel Gonzalez | Dir | 1 | — |
| Reggie Miller | VP | 1 | — |
| Kenneth Parks | Dir, Chair | 1 | — |
| Ramesh Singaram | Dir | 1 | — |
| Astrid Tsang | Sec | 1 | — |
Recent News & Activity
Recent developments and announcements
**2026**: The GE Vernova Foundation awarded $200,000 in disaster relief to Save the Children to support emergency response and recovery efforts in the Sumatra region of Indonesia and Central Vietnam following severe storms, flooding, and landslides. The funding was expected to support efforts reaching over 145,000 people, including emergency food assistance, clean water access, hygiene supplies, temporary shelter, health services, and child-focused education recovery programs.
GE Vernova Foundation Announces USD 200,000 Donation to Support On-going**2025**: The foundation announced a $500,000 two-year grant program focused on green spaces and community resilience. The initiative included a $250,000 allocation to Atlanta for the Trust for Public Land's Community Schoolyards program, transforming 10 schoolyards into green spaces and providing nearly 35,000 students and residents access to nature within a 10-minute walk.
Earth Day milestone: GE Vernova Foundation announces grant to bring green**2024**: Since its Earth Day launch, the foundation has supported employee volunteerism with over 3,500 donated volunteer hours supporting Next Engineers programs in Greenville, South Carolina; Stafford, United Kingdom; and Johannesburg, South Africa.
Earth Day milestone: GE Vernova Foundation announces grant to bring greenSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does GE Vernova Foundation I fund?
The GE Vernova Foundation's purpose is to put into practice GE Vernova's core mission: "The Energy to Change the World." The foundation is committed to making meaningful impact in communities where GE Vernova employees live and work. The foundation's primary focus areas include: • **Building the Future Workforce**: Addressing the global skills gap in the energy sector by investing in both current and future workforce development. This includes encouraging young people to pursue careers in energ…
How do I apply for a grant from GE Vernova Foundation I?
The foundation operates on a preselected grantee model, typically selecting charitable organizations rather than accepting unsolicited proposals. **Grant Activity:** • Since its launch in April 2024, the foundation has made significant philanthropic commitments including: • $1.1 million in employee giving support with foundation matches to over 600 global charities • $1 million in relief grants supporting disasters globally • Over $1 million supporting skilled workforce development programs in …
Where does GE Vernova Foundation I make grants?
The foundation funds globally, with particular emphasis on communities where GE Vernova has operations and employees. Documented funding activity includes: • United States (Massachusetts, South Carolina, Texas, New York, Georgia) • Vietnam • Indonesia • United Kingdom • South Africa
What size grants does GE Vernova Foundation I award?
In 2024, GE Vernova Foundation I awarded 77 grants totaling $2.6M — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is GE Vernova Foundation I required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, GE Vernova Foundation I reported a distributable amount of $434K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is GE Vernova Foundation I's EIN?
GE Vernova Foundation I's EIN (Employer Identification Number) is 93-2481739. IRS Form 990 filing data is available on this page for 2023–2024.
Does GE Vernova Foundation I accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. The foundation does not accept unsolicited proposals and selects grantees directly.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.