STOCK TITAN

PSEG Foundation Awards $500,000 to Fight Food Insecurity During Hunger Action Month

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

PSEG (PEG) announced that its foundation selected 80 nonprofits for a combined $500,000 in food-insecurity grants.

The awards are the first 2026 cohort of the Neighborhood Partners Program, which is set to distribute more than $1 million to organizations in New Jersey and on Long Island this year. Additional cohorts will receive grants over the next few months. So far in 2026, 350 PSEG employees have contributed over 1,500 volunteer hours at 14 organizations addressing food insecurity and other needs.

Loading...
Loading translation...
Argus Sep 28 session
-0.43% close to close 1.0x rel. volume Open Argus
Details

News Market Reaction – PEG

On Sep 28, the day this news came out, PEG closed 0.43% below the previous close.

Data tracked by StockTitan Argus for the Sep 28 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Funding will help 80 nonprofit organizations providing food, essential resources and services to residents across New Jersey and Long Island   

Additional Neighborhood Partners Program grants will be announced in the coming months 

NEWARK, N.J., Sept. 28, 2026 /PRNewswire/ -- In recognition of national Hunger Action Month, the PSEG Foundation announced the first cohort of 2026 grant awardees under its Neighborhood Partners Program (NPP), a long-standing initiative that will distribute over $1 million in grants to nonprofit partners and community organizations in New Jersey and on Long Island this year. Eighty nonprofit organizations working to combat food insecurity throughout New Jersey and Long Island will receive a combined $500,000 in funding. The remaining grants will be distributed to additional cohorts over the next few months.

Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island.

Awardees include Meals on Wheels, which provided homebound senior citizens with over 143,000 nutritious meals throughout Mercer County in the past year; St. Joseph's Social Service Center, which provides food, clothing and medications to residents of Elizabeth; and Newark's Covenant House, which provides food, water, hygiene kits and immediate and long-term support to youth experiencing homelessness.

"Many New Jersey and Long Island residents continue to struggle to afford basic necessities," said Calvin Ledford Jr., President of the PSEG Foundation and Director of Corporate Social Responsibility at PSEG. "The PSEG Foundation's goal is to help position our nonprofit partners to meet growing demand. Our community partners are on the front lines every day, helping meet the needs of families, senior citizens and individuals. The PSEG Foundation is proud to fund their work and strengthen the communities we serve and operate in."

"Addressing food insecurity requires strong partnerships and a shared commitment to community well-being. The Neighborhood Partners Program reflects the power of collaboration between funders and the nonprofit organizations that serve individuals and families every day," said Maria Spina, Senior Manager, PSEG Foundation & Corporate Social Responsibility. "We are honored to partner with nonprofit organizations that work tirelessly to expand access to food and essential resources, and we congratulate each of this year's awardees for the important impact they make in our communities". 

"When a family is struggling to put food on the table, having a reliable place to turn to can make a huge difference," said Bernadette Murphy, Executive Director at St. Joseph Social Service Center. "PSEG Foundation's support helps to sustain our food program and nourishes our neighbors not just with food, but also with support services delivered with love, dignity, and compassion."

The Neighborhood Partners Program is part of the PSEG Foundation's ongoing work to care for the communities served by PSE&G and PSEG Long Island. Since the program's began in 2014, more than $9.8 million in funding has been given to over 825 organizations across New Jersey and Long Island, with $8.9 million invested in New Jersey alone. PSEG employees complement that financial support through volunteer service.  In 2025, nearly 700 employees volunteered to support more than 50 food drives, soup kitchens and food pantry initiatives, including partnerships with major food banks across the state. So far this year 350 employees have contributed over 1,500 volunteer hours at 14 organizations working to address food insecurity and support residents in need.

Visit our website for more information about the PSEG Foundation, the Neighborhood Partners Program and the list of awardees.

For more information about National Hunger Action Month, learn more here.

About PSEG Foundation
The PSEG Foundation, a separate 501(c)(3) supported and fully funded by Public Service Enterprise Group (PSEG) (NYSE: PEG), prioritizes investments in promoting community well-being, environmental sustainability, and economic empowerment.

Media Contact
DL-ENT-pseg.communications@pseg.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pseg-foundation-awards-500-000-to-fight-food-insecurity-during-hunger-action-month-302891527.html

SOURCE PSEG

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is the PSEG Foundation awarding in its first 2026 food-insecurity grant cohort?

80 nonprofit organizations will receive a combined $500,000 through the Neighborhood Partners Program. The program is set to distribute more than $1 million in grants across New Jersey and Long Island in 2026, with additional cohorts to follow.

Which organizations are among the PSEG Foundation's 2026 food-insecurity grant awardees?

Awardees include Meals on Wheels, St. Joseph's Social Service Center and Newark's Covenant House. Their work includes providing meals to homebound seniors, food and other essentials to Elizabeth residents, and support to young people experiencing homelessness.

Keep reading