New Energy Equity exceeds goal in donation to Folds of Honor scholarships

Annapolis, MD, Jan. 26, 2023New Energy Equity, a national developer of community and commercial solar projects, has donated $52,587 to Folds of Honor.

Each year, New Energy’s Lift As We Climb Foundation contributes to nonprofits dedicated to the company’s core purpose of leaving behind a better world. Last fall, the foundation hosted a golf tournament with the goal of raising $50,000 for Folds of Honor, a national organization that provides scholarships to the spouses and children of military members and first responders who have fallen or been disabled while serving.

Lift As We Climb Donates to Folds of Honor
New Energy Equity raised $52,587 for Folds of Hope through its Lift As We Climb Golf Tournament. From left are Jim Wrathall (President of the Lift As We Climb Foundation and General Counsel of New Energy Equity), Josh Kunkel (President of New Energy Equity), Matt Hankey (CEO of New Energy Equity) and Allen Wronowski (Folds of Honor Director of Golf Development and Relations)

“New Energy Equity is honored to be able to give back to our local communities through the inaugural Lift As We Climb Golf Tournament which supported Folds of Honor,” said Jim Wrathall, New Energy Equity general counsel and president of the Lift As We Climb Foundation. “Through the generosity of our customers, partners, and employees, we are thrilled to have exceeded our goal and proud to make a lasting impact through that donation in the lives of more than 10 Folds of Honor scholarship recipients.”

In addition to helping the dependents of American service members pursue their educational dreams, Folds of Honor also provides scholarships to the dependents of first responders.

“I would like to personally thank New Energy Equity and its incredible employees for organizing an outstanding first-year event to benefit military and first responders’ families,” said Lt. Col. Dan Rooney, founder and CEO of Folds of Honor. “New Energy Equity understands the importance of an education and wants to do something about it. The funds that were raised will directly provide academic scholarships to individuals who deserve and need our help.”

About New Energy Equity

New Energy Equity, a wholly owned subsidiary of ALLETE (NYSE:ALE), develops, finances, operates, and manages solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 400MW of solar projects and closed more than $1 billion in clean energy investments. The company has been ranked on Solar Power World’s “Top Solar Contractors” list and voted one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine. To learn more, visit

About Folds of Honor

Folds of Honor is a 501(c) (3) nonprofit organization that provides educational scholarships to the spouses and children of military members who have fallen or been disabled while serving in the United States Armed Forces. Beginning in 2022, it expanded its mission to include first responders. Our educational scholarships support private school tuition or tutoring in grades K-12, tuition for college, technical or trade school and post-graduate work, including a master’s degree, doctorate, or professional program. Funds for a second bachelor’s degree or trade/technical program certification are also available. Since its inception in 2007, Folds of Honor has awarded about 44,000 scholarships totaling about $200 million in all 50 states. Among the students served, 41 percent are minorities. It is rated a four-star charity by Charity Navigator and Platinum on GuideStar. It was founded by Lt. Col. Dan Rooney, the only-ever F-16 fighter pilot (with three combat tours in Iraq) and PGA Professional. He is currently stationed at Headquarters Air Force Recruiting Service Detachment 1, at Joint Base San Antonio-Randolph, Texas. For more information or to donate in support of a Folds of Honor scholarship visit