Philanthropy
Our commitment to community
GE Vernova’s philanthropy reflects a commitment to making a meaningful impact in the communities where our employees live and work. We are bringing the energy to change the world—from our newly formed foundation, our company and our employees. Our resources are channeled into initiatives focused on championing the global workforce needed for the energy transition as well as building stronger and more resilient communities.
The GE Vernova Foundation
Building on the 100+ year legacy of the GE Foundation, the GE Vernova Foundation was launched on Earth Day 2024, shortly after GE Vernova spun-off from GE as a standalone company. The newly created GE Vernova Foundation, a charitable organization funded by GE Vernova, is committed to putting our purpose – The Energy to Change the World – into practice across the global communities where we live and work.
Driving the energy transition forward
The GE Vernova Foundation is a key element of how GE Vernova will animate the company's sustainability framework which includes four pillars: electrify, decarbonize, conserve, and thrive.
Building the workforce for the future
To combat climate change effectively, the energy transition demands investment in both the future and current workforce. Encouraging young people to pursue STEM (Science, Technology, Engineering, and Math) and skilled trades careers is vital to helping bridge the global skills gap to ensure a sustainable energy transition. Similarly, providing reskilling and upskilling support to the current workforce helps ensure no worker is left behind.
GE Vernova Fellows
GE Vernova Fellows is an endowed scholarship program inspiring more students to pursue renewable energy careers and building workforce capacity in offshore wind. Funding supports exploration programs for middle and high-school students, scholarships for undergraduate and graduate students, and an offshore wind training and certification program to upskill the incumbent workforce with a focus on skilled trades and technicians. The program awards up to $150,000 in scholarships annually.
Next Engineers
Next Engineers is a global college and career-readiness program providing students, ages 13 to 18, with first-hand experiences in engineering concepts and careers. Funded by the GE Foundation in 2021, the program awards partial scholarships to pursue higher education in engineering or engineering apprenticeships, and is supported by GE Vernova volunteer teams in Greenville, South Carolina; Johannesburg, South Africa; and Staffordshire, UK. In those three cities, Next Engineers has reached more than 13,000 students since its inception
Growing stronger, more resilient communities
We believe supporting communities enhances social responsibility, fosters sustainable development, and promotes connectedness which, in turn, contributes to a more prosperous and equitable world for all. Programs supporting our employee workforce and the communities where we live and work continue to be a crucial component of the GE Vernova Foundation.
Matching Gifts
The GE Vernova Foundation provides a year-round matching gifts program to support global employees in their personal philanthropy and charitable giving. Having created the concept of a corporate matching gift program in 1954, the GE Vernova Foundation is building upon the GE Foundation’s legacy by providing a match.
GE Vernova STAR Scholarships
The GE Vernova STAR Scholarship program recognizes employees, celebrates their children’s achievements, and helps defray the cost of post-secondary education by providing competitive scholarships. The program awards students based on their academic record, extracurricular activities and community service, and experiences and goals. In 2023, GE Vernova awarded nearly $200,000, recognizing 53 students from 18 countries.
Disaster Relief and Humanitarian Aid
This relief program responds to global disasters and humanitarian crises, drawing on our people, technology, and foundation resources to reduce suffering and hasten recovery.
Community Giving
GE Vernova’s community giving reflects company charitable donations, as well as contributions employees make in support of their local site fundraising campaigns. Through strategic community investments aligned with our focus areas and the generosity of our employees, we are proud to reach thousands of non-profits in dozens of countries around the globe.
Employee Engagement
GE Vernova’s volunteers include employees, Employee Resource Groups, friends and family members who are passionate about improving the communities where we live and work. These volunteers put a single face on GE Vernova’s volunteer activities around the world. These efforts not only benefit the community, they also provide personal and professional development for our volunteers and project leaders.
Total Giving in 2023
GE Vernova’s community giving reflects direct company donations, foundation grants and matching gifts, employee charitable donations and volunteer hours.
$5.49m
$5.49 MILLION
Total GE Vernova Giving
1,300
Over 1,300
Global non-profits supported
20,000
More than 20,000 Volunteer hours donated around the world
Disclaimer
To ensure GE Vernova’s philanthropy has the greatest impact, our team collaborates with experts and organizations on focused initiatives aligned with our mission that benefit our communities as well as the broader global community. Please note that we do not accept unsolicited proposals. Inquiries can be directed to [email protected].
On April 2, 2024, GE Vernova completed its spin-off from GE, to become an independent, publicly traded company. These statistics for “GE Vernova” in 2023 correspond to the data from businesses which became wholly owned subsidiaries of GE Vernova following the spin-off as well as their employees.