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Alabama Power Foundation Annual Report

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9 The Alabama Power Foundation was created in 1989 with funds donated by Alabama Power shareholders. That seed money, along with additional donations over the next seven years, came from voluntary contributions and included no ratepayer dollars. Through wise management, the foundation's assets have grown to more than $124 million. Foundation grants support a variety of initiatives across Alabama. The Alabama Power Foundation is one of the top five largest charitable foundations in the state of Alabama, and one of the top 50 largest corporate foundations in the nation. HIS T OR Y The Alabama Power Foundation funds a wide variety of grants each year, but every one of those grants falls under at least one of the foundation's five main funding priorities. Arts & Culture Civic & Community Education Environment Health & Human Services F OC US A R E A S About the Foundation

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