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APS Volunteer Matching Gifts Program
One only need look at projects like the APS Volunteer Matching Gifts program as a benchmark of the company's spirit of giving. The APS Volunteer Matching Gifts program encourages and recognizes the generosity of employees, retirees and company board members who volunteer their time and talents to educational, cultural, environmental, health and human services and community-development organizations dedicated to enhancing our quality of life.
In 2006, the Volunteer Matching Gifts program yielded more than $30,000 for non-profit organizations in addition to the hundreds of volunteer hours put in by employees. The program provides $125 grants to qualified non-profit agencies getting at least 25 volunteer hours from APS employees. It also matches any financial gift from an employee to a qualified non-profit organization by providing 50 cents to every employee dollar, up to $1,000.
Charitable Giving
Through its Corporate Giving program, the company cherishes a leadership position in corporate citizenship in Arizona. We support non-profit organizations with a 501(c)(3) Internal Revenue Service tax‑exempt status through cash and/or in kind services. We support our communities in five strategic areas: health and human services, community development, education, arts and culture and the environment.
APS Corporate Giving does not fund individual requests, charter or private schools, religious, political, fraternal, legislative or lobbying efforts or organizations, travel‑related or hotel expenses, private or family foundations, private non-profit organizations, salaries and/or debt reduction. APS prefers to give directly to recipient organizations/agencies.
| 2006 Community Giving |
| Arts & Culture |
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$640,384
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| Community Development |
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$1,554,483
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| Education |
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$978,382
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| Environment |
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$50,142
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| Health & Human Services |
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$1,696,216
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*$4,919,607
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| 2006 APS Foundation Giving |
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$1,448,000
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| 2006 Total Giving |
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$6,367,607
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*Total includes APS and SunCor charitable giving,
but does not include in-kind giving or volunteer hours.
The above cash donations are from the company and do
not include any donations made by our employees. |
PNW reported a net income of $327,255,000 in 2006. Therefore the percentage of net income donated to charity is approximately 1.95%.
In-Kind Giving
In addition to cash donations and employee volunteerism, Pinnacle West provides a high level of support to community organizations through in-kind giving, especially printing services. In 2006, the company produced 258 in-kind printing projects to community organizations, with an estimated total market value of $407,535.
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