NV Energy is a subsidiary of Sierra Pacific Resources (SPR), an investor-owned corporation whose operating subsidiaries are engaged in energy and utility services. NV Energy is the entity that distributes SPR Foundation's charitable contributions in NV Energy's service territory, and the Foundation supports NV Energy's philanthropic efforts and those of its employees.
Through direct grants, scholarships, and employee grant programs, the Foundation actively supports improvements in the quality of life in the communities NV Energy serves. Recipients of Foundation grants must be nonprofit organizations with a 501(c)(3) status from the IRS and be located within our service territory. Grants are identified through our "areas of focus" for philanthropic outreach.
Philosophy
The Foundation is committed to supporting the diverse communities in which it operates. We take this commitment very seriously by actively participating in community involvement in three ways - philanthropy, civic leadership and volunteerism. Giving back to the communities where we operate makes them better places to live and work, and in turn makes them better places to do business. We support the community through financial contributions as well as through community service. We measure our success through the eyes of our employees, our shareholders, our customers, our business partners and our neighbors.
Risk Management and Accountability
Recognizing that not all programs and investments will prove to be successful, we award large grants ($10,000- $25,000), over a two-three year term. By funding only portions of projects, we try to minimize the risk of participating in unsuccessful endeavors. This practice of philanthropy allows us to monitor the status of projects and to withdraw from further funding, if a project fails to produce the desired impact or results agreed upon.
Performance Measures
The Foundation Administrator maintains a close relationship with the grantee. This relationship is characterized as a partnership rather than oversight because there is a mutual interest in improving the quality of life in the community. Rather than just accounting for the use of funding, we seek higher standards of outcome measurement. Assessment of the program's performance allows us to make mid-course corrections.
Foundation Board
The NPC Foundation Board is led by our president, and includes key corporate leaders and a representative from our Employee Volunteer Council. The Foundation Board is responsible for management and governance of philanthropic activities.
The Foundation Board is led by our president, and includes key corporate leaders and a representative from our Employee Volunteer Council. The Foundation Board is responsible for management and governance of philanthropic activities. The Board, which meets four times per year, sets Foundation budgets, policies and procedures, and approves all grants. However, to gain input and ideas from employees at every level and in all geographic locations, the Foundation relies on the Employee Volunteer Council (EVC), as an advisory committee. The EVC is composed of local employees. They make recommendations to the Foundation Board regarding local grants that fit the Foundation's philosophies, meet local needs and advance the Foundation's strategies.
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