Modern
society has come to expect the business community to respond when social
problems remain unresolved. Dominion accepts this challenge and views
its philanthropic activities as an integral aspect of good corporate citizenship.
We know that healthy, vibrant communities are essential to the long-term
success of our business. That's why we work hard to build long-term relationships
and valuable linkages with our stakeholders.
Because we are an energy company providing a vital public
service, we have a strong and fundamental connection to the community.
One of the ways we nourish that connection is by channeling resources
to charitable causes in areas where we do business.
Dominion’s social investment program is carried
out primarily through the Dominion Foundation. Our corporate giving program
reflects the company’s interest in helping to meet demonstrated
community needs and building strong community relationships.
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The
Foundation board of directors consists of company officers and philanthropy
staff who meet periodically to review and set the Foundation’s annual
budget, policies, and procedures.
In 2007, the Foundation donated almost $16 million to
qualified 501[c]3 environmental organizations, educational institutions,
cultural and community development groups, and health and human services
providers in areas where Dominion has business interests. The Foundation's
budget for 2008 is $20 million — double its level of giving in 2006.
Foundation grants support the preservation of valuable
land and wildlife habitats; educational instruction in math, science and
technology; multicultural diversity programs; food banks, homeless shelters
and feeding programs; and cultural outreach efforts in the performing
arts, among other things.
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