PSE&G and the PSEG Foundation are extending $1.5 million in grants to over 25 local organizations that assist households facing economic hardship throughout the Meadowlands and New Jersey.
The initiative was announced at the PSE&G and the PSEG Foundation’s inaugural nonprofit partner conference. More than 135 community leaders attended, working to strengthen collaboration and share practical insights that advance local impact.
About the initiative
The one-year initiative aims to provide critical support through a multifaceted approach that includes funding to Shares Nation (formerly NJ Shares) for energy assistance and housing relief as well as partner organizations of Shares Nation and several food banks that are designed and equipped to operate on a wide scale as the backbone of the community food assistance system.
“We are deeply grateful to the PSEG Foundation for its extraordinary support, which comes at a time when so many New Jersey families are feeling the strain of rising costs and economic uncertainty,” said Elizabeth McCarthy to PSEG, President and CEO of the Community FoodBank of New Jersey. “This additional funding will allow CFBNJ to strengthen our emergency hunger-relief efforts and ensure that our neighbors continue to have reliable access to nutritious food and essential resources. PSEG’s partnership reflects a deep commitment to our communities, especially during the holiday season, and we are honored to work alongside them to help New Jersey families during this challenging time.”
This investment aims to strengthen the capacity of nonprofits and ensure the continuity of essential services, providing food banks with the support they need during these challenging times. This initiative also aims to advance the long-term impact of these organizations at both the state and community levels.
“At PSE&G and the PSEG Foundation, we believe true community support goes beyond providing safe and reliable energy — it’s about building strong partnerships with organizations that understand local needs,” said Calvin Ledford Jr., President, PSEG Foundation and Director Corporate Social Responsibility. “During times of economic challenges and hardship, these collaborations allow us to deliver meaningful solutions that directly benefit families across New Jersey. We are deeply grateful for each of our partners and for the impact these initiatives will have in helping local communities access the critical resources needed to stay safe, healthy, and secure.
Together, these organizations provide critical services ranging from housing to food assistance – the core areas where our partners see the community struggling the most. Partnering with long-standing nonprofit organizations, PSE&G and the PSEG Foundation will help ensure that relief reaches families most impacted by rising costs and economic challenges.
“On behalf of the Board and staff at SHARES, I want to extend our sincere thanks and appreciation to PSE&G and the PSEG Foundation for their generous donation to and continuing support of our mission to Offer Hope and Deliver Help,” said Cheryl B. Stowell to PSEG, CEO of SHARES Nation (formerly New Jersey SHARES). “Given the economic hardships that the people of New Jersey are facing, the PSEG Foundation support will help strengthen our capacity to assist those most vulnerable. The Foundation’s generosity will help ensure the continued partnership with our community-based agencies, thereby enhancing our mission and our holistic approach for essential services for those most in need.”
“On behalf of the 240,000 people we serve who face food insecurity and uncertainty of when their next meal will come, we are incredibly grateful to direct the PSEG Foundation grant to our Hunger Relief Action Fund.” said Randi Shubin Dresner to PSEG, President and CEO of Island Harvest Food Bank. “The strong, long-term partnership we have with PSEG Long Island and the PSEG Foundation continues to make a positive impact on the lives of Long Islanders. PSEG’s commitment to improving the quality of life and providing critical resources for our neighbors in need, especially during these difficult times, is truly commendable and heartwarming.”
“This generous grant from the PSEG Foundation is a critical lifeline for the St. James Social Service Corporation food program as we come to the end of the year, when resources and funding are low,” said Vesta Goodwin Clark to PSEG, Executive Director, St. James Social Service Corporation. “This grant will help ensure we can continue to provide food through our Emergency Food Pantry and Soulfood Cafe soup kitchen to those most vulnerable. We are grateful for this collaborative partnership with PSEG to help build a stronger, more food secure New Jersey.”
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.
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey’s largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG’s businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).