Exelon Foundation Donated $1 Million to Martin Luther King, Jr. National Memorial on Dr. King`s Holiday

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Tue Jan 20, 2009 10:40am EST

Memorial Foundation President and CEO Accepted Donation at National Press Club
Reception
WASHINGTON--(Business Wire)--
In commemoration of Dr. King`s birthday and to ensure Dr. King`s legacy lives on
for generations to come, the Exelon Foundation presented a $1 million donation
to the Washington, D.C. Martin Luther King, Jr. National Memorial Project
Foundation, Inc. Frank M. Clark, Exelon Foundation Board Member and Chairman and
CEO of ComEd, a subsidiary of Exelon Corporation, presented the check to
Memorial Foundation President and CEO Harry E. Johnson at Alpha Phi Alpha
Fraternity's Inauguration reception at the National Press Club. 

"Today, we honor the work and words of Dr. King and the values he held so dear -
tireless determination, steadfast courage, and unconditional equality for all,"
Clark said. "The Exelon Foundation is committed to supporting initiatives that
promote diversity as a philosophy of acceptance. For Dr. King, that philosophy
was a way of life. We hope our donation inspires others to follow suit, and we
look forward to sharing Dr. King`s convictions through a universal and eternal
symbol of his life and legacy." 

The check presentation took place at a reception hosted by Herman "Skip" Mason,
the 33rd General President of Alpha Phi Alpha Fraternity, Inc., Dr. King`s
fraternity. Alpha Phi Alpha Fraternity originated the idea of creating a
memorial to King on the National Mall in Washington, D.C. The reception honored
Dr. King along with family members of other firsts in African American history
including Martin and Bernice King, Thurgood Marshall, Jr., Adam Clayton Powell,
and Mrs. Jackie (Rachel) Robinson. 

"It is fitting that we are celebrating the Exelon Foundation`s support to the
Martin Luther King, Jr. National Memorial on Dr. King`s national holiday and the
eve of this historic Presidential Inauguration," said Mason. 

"I am honored that the Exelon Foundation has joined the Memorial Foundation`s
family of supporters, and I hope that other foundations, corporations and
individuals will follow its lead," said Johnson. 

The Exelon Foundation is an independent, non-profit philanthropic organization
funded solely by Exelon Corporation, an energy company. The Foundation seeks out
and supports initiatives that create awareness of the civic and social benefits
of diversity and the importance of understanding tolerance. Its $1 million
donation will help to create a memorial that will honor Dr. King`s contributions
to world peace through non-violent social change. The Foundation is the first
electric utility-funded organization to donate to the memorial. 

The Exelon Foundation also will serve as one of the lead sponsors of the
February 17th Chicago Dream Dinner, which will raise a portion of the remaining
funds to build the Memorial. Clark, along with John W. Rowe, Exelon Foundation
Chairman and Exelon Corporation Chairman and CEO, will serve as Dinner
Co-Chairs. 

The Memorial Foundation has raised $104 million of the needed $120 million.
Major donors to the Memorial include: General Motors, Tommy Hilfiger Corporate
Foundation, NBA/WNBA, Alpha Phi Alpha Fraternity, Inc., W.K. Kellogg Foundation,
The Walt Disney Company Foundation, The Coca-Cola Foundation, The Bill and
Melinda Gates Foundation, The Ford Motor Fund, Toyota, AARP, AFLAC, BP America,
Inc., CIGNA, Credit Unions of the United States, DuPont, ExxonMobil Foundation,
Fannie Mae Corporation, FedEx Corporation, GE, Ann and Joel Horowitz Family
Foundation, John S. and James L. Knight Foundation, Sheila C. Johnson-Newman,
George Lucas, MacFarlane Partners, The J. Willard and Alice S. Marriott
Foundation, McDonald`s Corporation, MetLife Foundation, National Association of
Realtors (NAR), National Education Association (NEA), Nationwide Foundation,
PepsiCo Foundation, The Pew Charitable Trusts, Pfizer Foundation, Prudential
Financial, Inc., Shell Oil Company, State Farm Insurance, The Travelers
Companies, Inc., Verizon Foundation, Viacom, Wal-Mart and Morehouse College,
among others. 

About the Washington, D.C. Martin Luther King, Jr. National Memorial Project
Foundation, Inc.

A Memorial honoring Dr. Martin Luther King, Jr. will be built on the National
Mall, situated adjacent to the Franklin Delano Roosevelt Memorial and in a
direct line between the Lincoln and Jefferson Memorials. Congress passed Joint
Resolutions in 1996 authorizing Alpha Phi Alpha Fraternity, Inc. to establish a
Memorial honoring Dr. King to be built in Washington, D.C. The ceremonial
groundbreaking took place Nov. 13, 2006 and the Memorial will be completed in
2010. McKissack & McKissack / Turner Construction Company / Gilford Corporation
/ Tompkins Builders, Inc. Joint Venture will serve as the Design-Build Team.
McKissack & McKissack is the oldest minority-owned architectural firm in the
United States. For more information or to make a donation, please visit
www.buildthedream.org. 

About the Exelon Foundation

The Exelon Foundation is an independent, nonprofit organization funded solely by
Exelon Corporation, an energy company, through shareholder dollars. The
Foundation supports nonprofit, tax-exempt organizations primarily within the
Exelon operating companies` service areas. The mission of the Foundation is to
encourage respect for the environment and strengthen the social and economic
fabric of the community by primarily providing program grants in three areas -
environment and conservation awareness, innovative math and science education,
and diversity and tolerance. 





Washington, D.C.
Martin Luther King, Jr. National Memorial
Project Foundation, Inc.
Rica Orszag, 202-253-8974
rorszag@mlkmemorial.org
or
Exelon Communications
Paul Elsberg, 312-394-7417
Paul.Elsberg@exeloncorp.com



Copyright Business Wire 2009

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