Peabys Coal is giving away more than $3 million to support the Peacock Family Foundation, according to a PeaboyCo executive.
The Peaboys will donate $1 million over five years.
The foundation was established in the 1990s to promote and enhance coal mining in the Peak Coal Basin in Kentucky.
The company said it will also donate $2 million over the next five years, the first donation since the Peabeys took over in the late 1990s.
Peabots coal is a premium grade of coal that has been used in the U.S. for several decades.
The Peabodies family started the foundation after a group of Peabosys employees were killed in an avalanche in Kentucky, according a Peacocks press release.
The fund is named after the first and second members of the family.