American Electric Power Foundation

EIN 203886453

Columbus, OH 43215 |(614) 716-2605

https://www.aep.com/community/GivingBack
Total Given 2020–2023
$123.4M
1,571 grants · $30.8M avg/year
based on 4 yrs of IRS 990-PF records on file
$10M+/yr
major funder
capacity
$10K
typical small grants · $2K–$50K
grant size
37%
supporter · 370/988 multi-year
repeat
$80.8M
Assets (2023)
988
Distinct Recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $26,713,952. This amount represents 25% or more of the Foundation's net assets of $95,922,359 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Education Health Arts & Culture Environment Human Services

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Contact Person AEP OHIO - MARIA HABERMAN
Phone (614) 716-2605
Deadlines REQUESTS ARE ACCEPTED THROUGHOUT THE YEAR FOR CONSIDERATION.
How to Apply NON-PROFIT 501(C)(3) ORGANIZATIONS MUST SECURE AN INVITATION TO APPLY BY THEIR LOCAL AEP OPERATING COMPANY. THOSE ORGANIZATIONS ACCEPTED FOR APPLICATION WILL BE DIRECTED TO APPLY ONLINE.
Restrictions TO QUALIFY FOR A GRANT FROM OUR FOUNDATION, YOU MUST: - BE A 501(C)(3) PUBLIC CHARITY, A STATE OR POLITICAL SUBDIVISION, A GOVERNMENT-OWNED OR OPERATED COLLEGE OR UNIVERSITY, OR AN EXEMPT OPERATING FOUNDATION; AND - BE LOCATED WITHIN THE AEP SERVICE TERRITORY OR BE NATIONAL OR REGIONAL IN SCOPE AND HAVE A PURPOSE THAT IS BENEFICIAL TO THE GENERAL PUBLIC, THE BROAD ENVIRONMENT OR THE CUSTOMERS OF AMERICAN ELECTRIC POWER. FOR MORE INFORMATION VISIT THE FOLLOWING WEBSITE: https://www.aep.com/community/GivingBack

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2019 N/A $110.5M $55.4M N/A
2020 $63.8M $85.5M $6.4M 75
2022 $32.9M $96.0M $79.9M 703
2023 $26.7M $80.8M $5.9M 793

Grant Size Distribution

Based on 1571 grants on record

Minimum
$12
25th Pctl
$2K
Median
$10K
Average
$79K
75th Pctl
$50K
Maximum
$16.0M

Geographic Distribution

Texas Counties Served

21.1% of US grants · Rank #2 of 23 states $6.5M across 332 grants 59 of 254 counties

Top 10 counties

  1. 1 McLennan 8 grants · $1.1M
  2. 2 Nueces 28 grants · $942K
  3. 3 Webb 28 grants · $700K
  4. 4 Bowie 20 grants · $440K
  5. 5 Hidalgo 16 grants · $346K
  6. 6 Tom Green 18 grants · $311K
  7. 7 Harrison 20 grants · $288K
  8. 8 Gregg 43 grants · $261K
  9. 9 Kerr 1 grant · $250K
  10. 10 Taylor 14 grants · $228K
+49 more counties · 136 grants · $1.5M

Officers & Directors

Grants Awarded (1,571 total)

Purpose
Due in 2021 Columbus, OH $15,978,573 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Others (Less Than 100K) Columbus, OH $13,559,164 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Due in 2022 Columbus, OH $7,337,293 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Due in 2023 Columbus, OH $3,389,483 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Columbus State Community College Development Columbus, OH $2,000,070 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Tulsa Community Foundation Tulsa, OK $1,750,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Due in 2024 Columbus, OH $1,497,703 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Ohio State University Foundation Columbus, OH $1,250,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Ohio State University Foundation Columbus, OH $1,250,000 General & Unrestricted 2022
Mid-Ohio Foodbank Grove City, OH $1,200,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
United Way of Central Ohio Columbus, OH $1,175,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Tulsa Community College Foundation Tulsa, OK $1,144,180 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Kipp Columbus Foundation Columbus, OH $1,050,000 General & Unrestricted 2022
Mid-Ohio Foodbank Grove City, OH $1,000,000 Final payment for the Re-imagine Ending Hunger Cam 2022
Kipp Columbus Foundation Columbus, OH $999,996 General & Unrestricted 2023
Alvis Inc Columbus, OH $750,000 First payment for the Alum Creek Facility Expansio 2022
Metro Early College High School Columbus, OH $750,000 General & Unrestricted 2022
Columbus State Community College Development Found Columbus, OH $550,000 General & Unrestricted 2022
Girl Scouts Seal of Ohio Council Inc Columbus, OH $515,000 General & Unrestricted 2022
Choices for Victims of Domestic Violence Worthington, OH $500,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Columbus Zoo and Aquarium Powell, OH $500,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
The Columbus Partnership Columbus, OH $500,000 TO HELP AND IMPROVE AEP COMMUNITIES 2020
Foundation for Appalachian Ohio Nelsonville, OH $500,000 General & Unrestricted 2022
Foundation for Appalachian Ohio Nelsonville, OH $500,000 Second payment to support the I'm A Child of Appalachian Fund and the African American Community Fund 2022
Ohio State University Foundation Columbus, OH $500,000 Fourth payment for AMC/BMEC 2022