OVERVIEW: PSEG Foundation is a corporate funder that supports sustainable neighborhoods, safety, and STEM education in portions of New Jersey, New York, and Connecticut.
IP TAKE: PSEG Foundation offers a clearer point of entry than many corporate funders through its annual Neighborhood Partners Program, which awards modest grants of $500 to $15,000.
Recent tax filings also show much larger six- and seven-figure strategic grants to established nonprofit and university partners, and PSEG does not advertise a general open application process for those larger awards. Grantseekers seeking more substantial support should cultivate relationships with PSEG’s Corporate Social Responsibility and regional public affairs teams and look for connections through existing grantees and PSEG-supported nonprofit networks.
Organizations seeking event sponsorships should use PSEG’s separate corporate giving program rather than the foundation’s Neighborhood Partners Program.
PROFILE: The PSEG Foundation is the giving entity of its corporate sister, the energy company PSE&G in New Jersey. The foundation builds upon the company’s giving tradition over the past century. The company was first formed in 1903 in Newark and is now one of the ten largest electric companies in the nation. The foundation’s grantmaking areas of interest include environmental sustainability, community well-being and economic empowerment.
- Environmental sustainability grants support environmental education, energy-efficiency awareness, conservation, ecosystem preservation and environmental justice.
- Community well-being funding supports community stability and resilience, including disaster preparedness and recovery.
- Economic empowerment grants support STEM education, workforce readiness, food security, basic needs and other efforts intended to improve economic mobility.
Grants for Community Development, and STEM Education
The foundation supports local nonprofits through its Neighborhood Partners funding program, which includes both sponsorships and event support too. It adheres to the “strategic pillars” of environmental sustainability, social justice, equity and economic empowerment.
- Sustainable neighborhood grants support public parks, environmental stewardship, environmental protection, climate change, and natural resources.
- Grants also support financial counseling, job placement, health care resources, and housing stability.
- The funder also provides capacity building support for nonprofits and small businesses.
- PSEG supports disaster relief and preparedness organizations to strengthen communities as well.
- Past support has gone to Kaboom, Hackensack Riverkeeper, Boys & Girls Club, United Way, the Housing and Community Development Network of New Jersey, and the Nature Conservancy. Funding is focused where PSEG employees live and work, including New Jersey and Long Island service territories and parts of Salem, Burlington, and Gloucester Counties in New Jersey. The funder also supports Albany, New York and Bridgeport and New Haven, Connecticut.
Important Grant Details
This corporate funder awards roughly $8 million in grants each year.
- Apply between March 1 and September 30 via online system. Other past application periods have been between January 1 and October 31.
- Review time may take eight to 12 weeks.
- Direct general information to the staff at 800-436-7734.
PEOPLE:
Search for staff contact info and bios in PeopleFinder (paid subscribers only).
LINKS:
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