Charitable giving and leadership of
campaigns to benefit non-profit organizations are an integral part of Dominion's
social responsibility. Principally through the Dominion
Foundation, the company contributes more than $20 million annually to charities
in the states where it operates or the locations where it has significant facilities
or business interests.
Foundation grants are limited to organizations defined as
tax-exempt under section 501(c)3 of the IRS code. Additional grants occasionally
may be made directly from the corporation to sponsor special events that benefit
a non-profit organization.
Grants are made in several categories (as detailed in the
Dominion Foundation
overview). Grants support a variety of programs -- foodbanks; homeless shelters;
educational grants in mathematics, science and technology; cultural outreach
programs in the performing arts, and land and habitat preservation, to name
a few.
The company also encourages individual employee and retiree
giving by providing matching funds for educational and cultural institutions
and many charitable organizations. Matching funds must be requested by Dominion
employees and retirees through the Dominion Foundation.
Dominion matches employee and retiree donations to qualified
charities dollar-for-dollar, up to $5,000 per donor annually. To recognize volunteerism,
Dominion provides a once-a-year two-for-one volunteer match for those who serve
on the board of a qualified charity or have volunteered 50 hours on the organization's
behalf during the previous 12 months.
