American Water Makes $45 Million Donation to the American Water Charitable Foundation
CAMDEN, N.J.–(BUSINESS WIRE)–American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, today announced that it contributed $45 million to the American Water Charitable Foundation (“Foundation”), a 501(c)(3) private foundation established by American Water in 2010. The contribution, which will significantly add to the Foundation’s existing endowment, was made possible by the proceeds from the recent sale of American Water’s Homeowner Services Group.
“The American Water Charitable Foundation stands alongside our employees and supports their efforts to give back, through donations and volunteer efforts, to the communities we serve and beyond,” said Susan Hardwick, interim chief executive officer, American Water. “We are excited to make this contribution to the Foundation to allow for an increase in charitable giving for many years to come.”
The American Water Charitable Foundation demonstrates the company’s ongoing commitment to being a good neighbor, citizen, and contributor to the communities where American Water and its employees live, work and operate and beyond. The Foundation supports American Water employees in their own charitable endeavors, provides targeted disaster relief, and contributes funding to support higher-level initiatives related to clean water, conservation, education and community sustainability. Since its inception, the Foundation has provided nearly $9 million in funding through grants and matching gifts to charitable organizations that are important to our employees and our communities.
The work of the American Water Charitable Foundation also directly aligns with American Water’s continued commitment to embed ESG principles throughout its operations.
About American Water
With a history dating back to 1886, American Water (NYSE:AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 25 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
AWK-IR
Contacts
Investor:
Aaron Musgrave
Senior Director, Investor Relations
(856) 955-4445
aaron.musgrave@amwater.com
Media:
Ruben Rodriguez
Senior Director, External Communications
(856) 955-4180
ruben.e.rodriguez@amwater.com
