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Xcel Energy delivers clean, safe, reliable, and affordable energy to more than 3.7 million electric customers and 2.1 million natural gas customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Although providing energy is their priority, they know it is not their only responsibility. Xcel Energy is dedicated to powering the communities where their employees and customers live and work through robust corporate giving opportunities. From their grant program, Energizing the Future, to employee engagement opportunities, the spirit of giving shines bright at Xcel Energy. 

There are many ways that for-profit businesses can support charitable causes through various forms of corporate philanthropy. Common examples include grantmaking, in-kind donations, and company-wide days of service. And we certainly don’t want to forget about workplace giving! Workplace giving initiatives differ from typical corporate philanthropy efforts in that individual employees take the driver’s seat, as opposed to the corporations themselves.

When it comes to medical affairs grantmaking, time is of the essence. Manual workflows and lengthy approval processes can delay product delivery or treatment access, which can be detrimental to patients in need. Medical grantmaking programs are also governed by global regulations and require careful oversight and strict compliance. As a result, speed must be carefully balanced against oversight.