Xcel Energy Foundation
Xcel Energy Foundation is a 501(c)(3) organization based in Minneapolis, Minnesota, that awards charitable grants to nonprofit organizations across Xcel Energy’s Western and Midwestern service area. Its filing identifies STEM career pathways, environmental sustainability, and community vitality as its three primary focus areas, alongside a commitment to diversity, equity, and inclusion.
Xcel Energy Foundation at a glance
In short: Xcel Energy Foundation gave $7.7M across 1,820 grants in 2024 (avg $4K), top state Minnesota. 22% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,725,349
- +3.2% vs 2023
- Grants made (2024)
- 1,820
- -2.8% vs 2023
- Average grant
- $4,245
- +6.1% vs 2023
- Median grant
- $513
- Total assets
- $2,140,130
- -41.7% vs 2023
- New grantees (estimate)
- 22% first-time grantees (372 of 1,696, 2024)
- Primary geography
- Minnesota (37% 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 Xcel Energy Foundation
- Accepts unsolicited proposals
- No
- Invitation Only
-
The Foundation does not accept unsolicited requests; applications are by invitation only, and unsolicited proposals or letters of intent will not be considered. Application information is available through the Foundation’s grant application process. Funding is open to programs within Xcel Energy’s service area in Minnesota, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico.
- Review Cycle
- Funding opens in the spring; the filing directs applicants to the Foundation’s focus-area grants information for details.
- Deadline
- Funding opens in the spring; the filing directs applicants to the Foundation’s focus-area grants information for…
- Contact
Application contact: Xcel Energy Foundation
Mailing address: 414 Nicollet Mall, Minneapolis, MN 55401
Phone: (612) 215-5310
Website: https://corporate.my.xcelenergy.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Xcel Energy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Greater Twin Cities United Way ($620K across 2 grants). Together the top 10 received $2.0M.
Grant Size Distribution
9,332 grants across all recorded years
The most common grant size was under $50K: 9,286 grants of 9,332 (100%).
Geographic Focus
Where this funder awards grants
The filing states that eligible programs must be within Xcel Energy’s service area in Minnesota, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico. In 2024, the largest reported shares of grant dollars by recipient state were Minnesota (37%), Colorado (30%), Texas (15%), Wisconsin (7%), and North Dakota (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 1,820 itemized grants.
States
Cities
Is Xcel Energy Foundation open to new grantees?
22%
first-time grantees, 2024
In 2024, 372 of 1,696 grantees (22%) were first-time recipients. First grants averaged $1K; repeat grants $6K. How we count
Medians: $200 first-time, $750 repeat.
- 68% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out well above 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 $7.4M (2021) to $8.7M (2020). In 2024 it made 1,820 grants totaling $7.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Twin Cities United Way Minneapolis, MN | Uw Grant | $619,552 |
| Mile High United Way Inc Denver, CO | Match payroll deduction (501(c)3) grant, match payroll deduction (higher ed) grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant, volunteer energy | $529,417 |
| The United Way Inc Amarillo, TX | Dollars for doing grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant | $496,117 |
| West Texas a & M University Foundation Canyon, TX | Match payroll deduction (higher ed) grant, stem career pathways | $70,886 |
| United Way of Pueblo County Colorado Inc Pueblo, CO | Match credit card donation (501(c)3) grant, match payroll deduction (501(c)3) grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant | $60,355 |
| Lubbock Area United Way Inc Lubbock, TX | Match payroll deduction (higher ed) grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant | $59,216 |
| Community Food Share Louisville, CO | Disaster Reliefvolunteer Energy | $51,000 |
| United Way of the Greater Chippewa Valley Inc Eau Claire, WI | Dollars for doing grant, match credit card donation (501(c)3) grant, match payroll deduction (higher ed) grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant | $48,417 |
| Wright County Area United Way Monticello, MN | Match uw credit card donation grant, match uw payroll deduction grant | $44,680 |
| United Way of Goodhue Wabasha & Pierce Counties Red Wing, MN | Match a previous donation (501(c)3) grant, match credit card donation (501(c)3) grant, match uw credit card donation grant, match uw match previous donation grant, match uw payroll deduction grant | $40,971 |
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Financial History
Multi-year comparison from IRS filings
Figures are from the Foundation’s filings.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,140,130 | $6,569,290 | $7,900,840 | $7,725,349 | 1,820 | $7,883,298 | $57,707 | $177,304 |
| 2023 | $3,671,471 | $30,018 | $7,674,116 | $7,487,407 | 1,872 | $7,664,533 | — | $37,410 |
| 2022 | $11,137,605 | $7,500,000 | $7,650,629 | $7,448,750 | 1,856 | $7,650,629 | — | $419,002 |
| 2021 | $11,307,736 | $67,424 | $7,698,549 | $7,401,649 | 1,806 | $7,698,549 | — | $829,892 |
| 2020 | $19,077,268 | $17,503,012 | $8,797,352 | $8,652,676 | 1,978 | — | — | $573,859 |
Under IRS private-foundation payout rules, Xcel Energy Foundation reported a distributable amount of $177K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The Foundation’s stated purpose is to award charitable grants to nonprofit organizations. Its three focus areas are STEM career pathways, environmental sustainability, and community vitality.
The Foundation’s 2022 program announcement describes STEM support as expanding education opportunities and connecting students and employees to STEM careers. Environmental sustainability grants are intended to support environmental initiatives, conservation education, habitat and green-space improvement, and natural-resource conservation, with an emphasis on water. Community vitality grants are intended to advance economic prosperity and foster cultural expression and inclusion.
The 2024 filing lists grants to organizations with varied missions. For example, Greater Twin Cities United Way says it responds to community needs in the Twin Cities; Mile High United Way says it unites people, ideas, and resources to advance the common good; and Community Food Share says it works to eliminate hunger in Boulder and Broomfield counties.
Grantmaking
In filing year 2024, the Foundation reported 1,820 grants totaling $7,725,349. Grant amounts ranged from $5 to $619,552, with a median of $512. Among the largest grants were $619,552 to Greater Twin Cities United Way in Minneapolis, $529,417 to Mile High United Way in Denver, and $496,117 to The United Way Inc. in Amarillo. Other listed recipients included West Texas A&M University Foundation ($70,886), United Way of Pueblo County Colorado ($60,355), and Community Food Share ($51,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert Frenzel as chair and president, Esther Ledesma Pumarol as executive director, Todd Wehner as treasurer, and Amy Schneider as secretary. Directors listed are Patricia Correa, Karl Hoesly, Robert Kenney, Ryan Long, Adrian Rodriguez, and Amanda Rome.
Xcel Energy Foundation is led by Robert Frenzel, Chair & President since 2021 (on filings since 2020); none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Frenzel
Chair & President
Director → Chair & President, 2021
On filings since 2020
0.3 hrs/week
No compensation reported
Esther Ledesma Pumarol
Executive Director
On filings since 2023
0.3 hrs/week
No compensation reported
Adrian Rodriguez
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Karl Hoesly
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Patricia Correa
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Robert Kenney
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Amanda Rome
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Brian Van Abel
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Ryan Long
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Amy Schneider
Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Paul Johnson
Treasurer
New on the 2024 filing
0.3 hrs/week
No compensation reported
Todd Wehner
Treasurer
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (13)
- Former: Christopher Clark (2020–2023) — Director
- Former: Frank Prager (2020–2023) — Vice President
- Former: Patricia Martin (2021–2023) — Treasurer
- Former: Brett Carter (2022–2023) — Director
- Former: David Hudson (2020–2022) — Director
- Former: Mark Stoering (2020–2022) — Director
- Former: Alice Jackson (2020–2021) — Director
- Former: Darla Figoli (2020–2021) — Director
- Former: Ben Fowke (2020) — Chair & President
- Former: David Eves (2020) — Vice President -
- Former: Judy Poferl (2020) — Secretary -
- Former: Sarah Soong (2020) — Treasurer
- Former: Wendy Mahling (2020) — Secretary -
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.
Frequently asked questions about Xcel Energy Foundation
How much does Xcel Energy Foundation give each year?
Xcel Energy Foundation gave $7.7M across 1,820 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.5M across 1,872 grants.
What is Xcel Energy Foundation's typical grant size?
Xcel Energy Foundation's median grant in 2024 was $513, and its average grant was $4,245, across 1,820 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Xcel Energy Foundation that year got $1K on average.
Where does Xcel Energy Foundation give grants?
Xcel Energy Foundation's top state is Minnesota, with 37% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Colorado (30%) and Texas (15%). The most frequent recipient cities were Denver, CO (161 grants), St. Paul, MN (133 grants), Minneapolis, MN (117 grants) and Amarillo, TX (71 grants).
Does Xcel Energy Foundation give general operating support?
Not in 2024: none of the 1,820 grants with a stated purpose on Xcel Energy Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Match a Previous Donation (501(C)3) Grant" (371 grants), "Match Payroll Deduction (501(C)3) Grant" (246 grants) and "Match Credit Card Donation (501(C)3) Grant" (184 grants).
Who are Xcel Energy Foundation's largest grantees?
Xcel Energy Foundation's largest 2024 grantees include Greater Twin Cities United Way ($619,802 across 2 grants), Mile High United Way Inc ($529,417) and The United Way Inc ($496,117), according to its 2024 IRS Form 990-PF. Together they received 21% of its itemized 2024 grant dollars.
How large is Xcel Energy Foundation?
Xcel Energy Foundation reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $7.9M in qualifying distributions that year, against a required minimum of $177K (roughly 5% of its investment assets).
What does Xcel Energy Foundation fund?
The Foundation’s stated purpose is to award charitable grants to nonprofit organizations. Its three focus areas are STEM career pathways, environmental sustainability, and community vitality. See mission & focus areas ↑
How do I apply for a grant from Xcel Energy Foundation?
The Foundation does not accept unsolicited requests; applications are by invitation only, and unsolicited proposals or letters of intent will not be considered. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Xcel Energy Foundation's EIN?
Xcel Energy Foundation's EIN (Employer Identification Number) is 41-2007734. IRS Form 990 filing data is available on this page for 2020–2024.
Does Xcel Energy 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 October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 24, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Xcel Energy Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/xcel-energy-foundation-morg_e0a12b0fd15d4b1abc3965e074fff0ba
BibTeX
@misc{grantable_412007734_2026,
author = {{Grantable}},
title = {{Xcel Energy Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/xcel-energy-foundation-morg_e0a12b0fd15d4b1abc3965e074fff0ba},
note = {Accessed 2026-10-20. 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 Xcel Energy 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.
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