Xcel Energy Foundation
Xcel Energy Foundation is a private 501(c)(3) foundation established in 2003 and based in Minneapolis, Minnesota. The foundation operates as a grantmaking organization that distributes funds to nonprofits across its service territories, with a focus on community development, environmental sustainability, and education initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$7.7M
+3.2% YoY
Grant Count
1,820
-2.8% YoY
Avg Grant Size
$4K
+6.1% YoY
Mission & Focus Areas
The foundation supports programs designed to:
- Improve science, technology, engineering, economics, and math (STEM) education
- Improve and enhance the natural environment
- Help individuals achieve economic self-sufficiency
- Provide access to arts and culture
Primary Funding Focus Areas
The foundation's grantmaking concentrates on three main areas:
Community Vitality — Building community strength and vibrancy by advancing economic prosperity through:
- Case management and support services for underserved populations related to employment
- Entrepreneurial endeavors that support local economies, with a focus on underrepresented business leaders
- Amplifying underrepresented artists and art forms
- Free, reduced-price, and community outreach activities
STEM Career Pathways — Expanding STEM education opportunities and connecting emerging and existing talent to STEM careers, with a focus on enabling access for STEM learners
Environmental Sustainability — Supporting initiatives focused on environmental enhancement and conservation
Grantmaking
The foundation has made 7,563 grants totaling approximately $31 million since its inception. In recent years, grantmaking activity has been substantial:
Grant Range
s
Average Grant
award: $4,000
Review Cycle
.
How to Apply
Funding opens in the spring. Applicants should visit the foundation's website for specific details on focus area grants and application deadlines.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Primary states: Minnesota, Colorado, and Wisconsin
- Secondary focus: Texas
- Broader reach: Grantmaking extends to organizations across 51 states
The foundation's primary service territories account for approximately 64% of all grants distributed.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $2.14 million | 2024 |
| Total Assets | $3.67 million | 2023 |
| Annual Income | $6.57 million | 2024 |
| Total Revenue | $30,018 | 2023 |
| Total Expenses | $7.9 million | 2024 |
| Total Expenses | $7.67 million | 2023 |
Asset Trend: Total assets have decreased from $2.9 million in 2010 to $2.14 million in 2024.
Tax Status
- Designated as 501(c)(3)
- Tax-exempt since June 2003
- EIN: 41-2007734
- Contributions are tax-deductible
- Required to file IRS Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 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
- Principal Officer: George E Tyson
- The foundation is governed by 13 officers and trustees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT FRENZEL | CHAIR AND PRESIDENT | 0.3 | — |
| ESTHER LEDESMA PUMAROL | EXECUTIVE DIRECTOR | 0.3 | — |
| TODD WEHNER | TREASURER | 0.3 | — |
| AMY SCHNEIDER | SECRETARY | 0.3 | — |
| PATRICIA CORREA | DIRECTOR | 0.3 | — |
| KARL HOESLY | DIRECTOR | 0.3 | — |
| ROBERT KENNEY | DIRECTOR | 0.3 | — |
| RYAN LONG | DIRECTOR | 0.3 | — |
| ADRIAN RODRIGUEZ | DIRECTOR | 0.3 | — |
| AMANDA ROME | DIRECTOR | 0.3 | — |
| BRIAN VAN ABEL | DIRECTOR | 0.3 | — |
| PAUL JOHNSON | TREASURER (PART-YEAR) | 0.3 | — |
Recent News & Activity
Recent developments and announcements
The foundation celebrated its 25th anniversary in 2026, marking over two decades of community investment. Since its founding in 2001, the foundation has invested nearly $160 million in local nonprofits across its service territories.
RiversEdge West receives $20,000 grant from Xcel Energy Foundation | WesternSlopeNow.comThe foundation maintains an active Employee Choice Grants program, through which Xcel Energy employees can direct funding to nonprofits of their choice. Recent Employee Choice Grants have supported organizations such as Promise Kept Therapeutic Riding Center.
RiversEdge West receives $20,000 grant from Xcel Energy Foundation | WesternSlopeNow.comThe foundation also participates in broader community engagement initiatives, including the annual Day of Service, which mobilizes thousands of volunteers across multiple states for community projects.
Related Funders
Similar funders by location and focus area
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—
Grants
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Total Given
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—
Grants
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Total Given
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Assets
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Total Given
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Donald and Luella Zibell Family Foundation
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Assets
—
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Total Given
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Minnesota Citizens Concerned
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Assets
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Clearway Minnesota (sm)
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Assets
—
Grants
6
Total Given
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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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