PSEG Foundation Celebrates 10 Years and Nearly $8M in Grants, Empowering Communities Across New Jersey and New York
Rhea-AI Summary
PSEG Foundation marks a decade of community impact through its Neighborhood Partners Program (NPP), celebrating nearly $8 million in grants distributed to over 400 nonprofits across New Jersey and Long Island. The program achieved record-breaking results in 2024, with $1.2 million in total giving, representing a 20% increase from 2023.
The NPP focuses on three strategic pillars: environmental sustainability, social justice, and equity and economic empowerment. Notable 2024 grantees include HomeFront, which provided over 1 million free meals and supported 25,500 New Jersey residents; Boys & Girls Club of Newark, receiving over $600,000 in PSEG support for STEM education and family programs; and Northern NJ Community Foundation, implementing green infrastructure initiatives for environmental justice.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, PEG declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Neighborhood Partners Program has supported over 400 nonprofits in 14 counties across
NEWARK, N.J., Dec. 16, 2024 /PRNewswire/ -- The PSEG Foundation celebrated a decade of community impact through its Neighborhood Partners Program (NPP), hosting a special event to honor more than 400 nonprofit organizations that have received nearly
Representatives from over 100 nonprofits that have benefited from the program attended the event, sharing testimonials about its impact on their communities. The NPP provides grant funding to eligible 501(c)(3) organizations that demonstrate effective programming aligned with the PSEG Foundation's three strategic pillars: environmental sustainability, social justice, and equity and economic empowerment.
"In ten years, the Neighborhood Partners Program has not only awarded millions in grants but has stood alongside hundreds of community-led organizations to create lasting change throughout
The NPP celebration, held at PSEG's General Office in
HomeFront Elevates Families in Need
HomeFront, a long-time NPP partner, has provided shelter, food, and housing support to over 25,500
"HomeFront is deeply grateful to the PSEG Foundation for helping us transform lives and pave the way for brighter futures," said Meghan Cubano, Director of Development for HomeFront. "Together, we're creating lasting change for families across
Boys & Girls Club of Newark Enriches Lives Through STEM and Family Support
For more than 20 years, the Boys & Girls Club of
"PSEG's partnership has helped us serve thousands of youths and their families," said Ameer Washington, CEO of the Boys & Girls Club of
Northern NJ Community Foundation Advances Environmental Justice
The Northern NJ Community Foundation (NNJCF) utilized NPP funding to develop the Green Infrastructure for Environmental Justice Program, addressing flooding and environmental concerns.
"With the PSEG Foundation's support, we've created a model rain garden, environmentally-focused public art, and a resident-led group advancing environmental justice," said Leo Vasquez, Executive Director of NNJCF.
As the PSEG Foundation looks ahead to the next decade, it remains committed to adapting the Neighborhood Partners Program to meet evolving community needs while deepening its impact.
To view the full list of 2024 grant recipients and learn more about the PSEG Foundation's programs, visit PSEG.com/Foundation.
About PSEG Foundation
The PSEG Foundation (501(c)(3), the philanthropic arm of Public Service Enterprise Group (PSEG) (NYSE:PEG), prioritizes investments in promoting environmental sustainability, social justice, and equity and economic empowerment.
Visit PSEG at: www.pseg.com PSEG on Facebook PSEG on Twitter PSEG on LinkedIn PSEG Energize! PSEG on Instagram
Contacts: | |
PSEG Foundation | Media Relations |
Lauren Ugorji | |
908-952-4381 | |
View original content to download multimedia:https://www.prnewswire.com/news-releases/pseg-foundation-celebrates-10-years-and-nearly-8m-in-grants-empowering-communities-across-new-jersey-and-new-york-302332538.html
SOURCE PSEG