In 2013, the company and its employees gave over $1 million to organizations throughout eastern Oregon and southern Idaho in the form of grants, donations and sponsorships.
BOISE, Idaho – IDACORP, Inc. (NYSE:IDA) and its primary subsidiary Idaho Power have issued their 2013 Charitable Contributions Report, detailing more than $1 million in giving to organizations throughout eastern Oregon and southern Idaho. The report is available on Idaho Power’s website at www.idahopower.com/community.
The money comes from three sources, with the company’s Employee Community Funds (ECF) making up the majority. Funded primarily by contributions from employees, the ECF began nearly 40 years ago as a way to assist employees and family members dealing with serious illness or life-altering events. The program since has grown to include assistance to 501(c)(3) charitable organizations and 501(c)(4) nonprofits. In 2013, the ECF contributed nearly $564,000 to health and human services organizations throughout Idaho and Oregon. That number includes a $220,000 IDACORP match.
“Our employees live and work in the communities they serve, so they’re very familiar with the specific needs of their neighbors,” said Warren Kline, senior vice president of Customer Operations. “This allows us to target our donations to the areas where they’ll have the greatest impact.”
In addition to the ECF, $373,000 in Corporate Contributions went to nonprofits and educational institutions, while Community Donations, which are determined by regional employees, accounted for another $120,000. Though no specific dollar amount is assigned, the report also notes donations of retired company vehicles and equipment to schools and emergency-response organizations.
About IDACORP, INC.
IDACORP, Inc. (NYSE: IDA) is based in Boise, Idaho, and was formed in 1998 as a holding company. IDACORP subsidiaries include: Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing projects and real estate; and Ida-West Energy, an operator of small hydroelectric projects. IDACORP’s origins lie with Idaho Power and operations beginning in 1916. Today, Idaho Power employs approximately 2,000 people who serve more than 511,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. To learn more, visit www.idahopower.com or www.idacorpinc.com.
Contact: Lynette Berriochoa
Corporate Communications Leader
208-388-2407
lberriochoa@idahopower.com