GE Vernova Foundation I
GE Vernova Foundation I is a private foundation based in Wilmington, Delaware. GE Vernova says its foundation was launched on Earth Day 2024 and is funded by the company. It supports workforce development for the energy transition and stronger, more resilient communities where GE Vernova employees live and work.
GE Vernova Foundation I at a glance
In short: GE Vernova Foundation I gave $2.6M across 77 grants in 2024 (avg $33K), top state Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,578,334
- Grants made (2024)
- 77
- Average grant
- $33,485
- Median grant
- $4,000
- Total assets
- $12,530,589
- +150.6% vs 2023
- Primary geography
- Virginia (46% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to GE Vernova Foundation I
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It makes contributions only to preselected charitable organizations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Website: https://gevernova.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who GE Vernova Foundation I funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Charities Aid Foundation America ($995K across 5 grants). Together the top 10 received $2.4M.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 66 grants of 77 (86%).
Geographic Focus
Where this funder awards grants
The foundation describes its philanthropy as serving global communities where GE Vernova employees live and work. Its 2024 grant dollars were concentrated among recipients in Virginia (46%), California (12%), Georgia (12%), Washington, DC (10%), and New York (9%). Grant purposes also included support for disaster relief in Vietnam, Poland, Spain, and the United States.
Grant Distribution by State
Share of 2024 grant dollars across all 77 itemized grants.
States
Cities
How GE Vernova Foundation I gives
- In 2024 it paid out 641% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 77 grants totaling $2.6M.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $12,530,589 | $10,319,246 | $2,788,657 | $2,578,334 | 77 | $2,785,490 | $318,179 | $434,385 |
| 2023 | $5,000,000 | $5,000,000 | — | — | — | — | — | $9,333 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated purpose is to put GE Vernova’s “The Energy to Change the World” purpose into practice. Its stated priorities include building the skilled workforce needed for the energy transition and supporting stronger, more resilient global communities.
Its workforce initiatives include support for engineering education, scholarships, skilled trades and technical training, and reskilling and upskilling. Its disaster-relief giving has included support for communities affected by hurricanes, storms, typhoons, and flooding. Among its grantees, SkillPointe Foundation describes its work as providing skills-training scholarships for people pursuing high-demand careers that do not require a four-year degree. The Institute of International Education describes its mission as promoting international educational and cultural exchanges, including through fellowships and scholarships. Team Rubicon describes itself as a veteran-led humanitarian organization serving communities before, during, and after disasters and crises. CAF America says its mission is to connect donors with charities to drive philanthropic giving.
Grantmaking
In 2024, the foundation reported 77 grants totaling $2,578,334. Grant amounts ranged from $24 to $400,000, with a median grant of $4,000.
Notable 2024 grants included $400,000 to Charities Aid Foundation America for the RENEW Skills Program in Vietnam; $285,000 to SkillPointe Foundation for the GE Vernova Foundation Future of Energy SkillPointe Scholarship fund; $250,000 to the American National Red Cross for Hurricane Helene disaster response; and $209,500 to the Institute of International Education for STAR Scholarship Program Administration. Other large awards included $200,000 to CARE for relief related to Storm Boris and Typhoon Yagi, $200,000 to Team Rubicon for Hurricane Milton disaster relief, and $150,000 to Commonwealth Corporation Foundation for skills development.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kenneth Parks as chair; Kristin Carvell as president and treasurer; and Jennifer Edwards as secretary and vice president. Other listed directors are Steven Baert, Rachel Gonzalez, and Ramesh Singaram. Listed vice presidents are Tran Che, David Cook, Reggie Miller, and Jennifer Edwards.
GE Vernova Foundation I is led by Kristin Carvell, Director, President & Treasurer on every filing since 2023; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kristin Carvell
Director, President & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Kenneth Parks
Director & Chair
New on the 2024 filing
1 hr/week
No compensation reported
Rachel Gonzalez
Director
New on the 2024 filing
1 hr/week
No compensation reported
Ramesh Singaram
Director
New on the 2024 filing
1 hr/week
No compensation reported
Steven Baert
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jennifer Edwards
Secretary & Vice President
Secretary → Secretary & Vice President, 2024
On filings since 2023
1 hr/week
No compensation reported
Astrid Tsang
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
David Cook
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Lisa Feliciano
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Reggie Miller
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Tran Che
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Scott Strazik (2023) — Member Spokesperson
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about GE Vernova Foundation I
How much does GE Vernova Foundation I give each year?
GE Vernova Foundation I gave $2.6M across 77 grants in 2024, according to its 2024 IRS Form 990-PF.
What is GE Vernova Foundation I's typical grant size?
GE Vernova Foundation I's median grant in 2024 was $4,000, and its average grant was $33,485, across 77 grants on its 2024 IRS Form 990-PF.
Where does GE Vernova Foundation I give grants?
GE Vernova Foundation I's top state is Virginia, with 46% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were 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).
Does GE Vernova Foundation I give general operating support?
Yes: 29% of GE Vernova Foundation I's 2024 grants with a stated purpose (22 of 77) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship Grant" (46 grants).
Who are GE Vernova Foundation I's largest grantees?
GE Vernova Foundation I's largest 2024 grantees include Charities Aid Foundation America ($994,868 across 5 grants), Skillpointe Foundation Inc ($285,000) and American National Red Cross ($250,000), according to its 2024 IRS Form 990-PF. Together they received 59% of its itemized 2024 grant dollars.
How large is GE Vernova Foundation I?
GE Vernova Foundation I reported $12.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $434K (roughly 5% of its investment assets).
What does GE Vernova Foundation I fund?
The foundation’s stated purpose is to put GE Vernova’s “The Energy to Change the World” purpose into practice. Its stated priorities include building the skilled workforce needed for the energy transition and supporting stronger, more resilient global communities. See mission & focus areas ↑
How do I apply for a grant from GE Vernova Foundation I?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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. 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 2023–2024
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Cite this profile
Grantable. (2026). GE Vernova Foundation I funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/ge-vernova-foundation-i-morg_5d9f33d1a6bd4a4489c2a0289721b210
BibTeX
@misc{grantable_932481739_2026,
author = {{Grantable}},
title = {{GE Vernova Foundation I funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ge-vernova-foundation-i-morg_5d9f33d1a6bd4a4489c2a0289721b210},
note = {Accessed 2026-10-16. 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 GE Vernova Foundation I'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.
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