logo
Applications Open May 15: PSEG Foundation To Award $1.2 Million to Community Nonprofits in New Jersey and Long Island

Applications Open May 15: PSEG Foundation To Award $1.2 Million to Community Nonprofits in New Jersey and Long Island

Originally published on PSEG NewsRoom
NEWARK, N.J., May 23, 2025 /3BL/ - For the 11th year, the PSEG Foundation invites nonprofits to apply for funding that helps close critical gaps for New Jersey and Long Island communities, through its Neighborhood Partners Program (NPP). Beginning May 15, 2025, the NPP will accept applications for up to $1.2 million in grants ranging from $500 to $15,000 to eligible 501(c)(3) nonprofits.
This year, the Foundation is encouraging more applications for programs that expand access to environmental sustainability and stewardship, as well as resources that support communities facing financial challenges. These resources include initiatives focused on basic needs such as food security, workforce development and training programs. Eligible organizations must submit applications by June 30.
Awardees will be selected based on demonstrated program effectiveness, depth, breadth and overall alignment with the PSEG Foundation strategic pillars: environmental sustainability, social justice, and equity and economic empowerment.
'Over the years, our nonprofit partners have become more than collaborators — they're trusted friends,' said Calvin Ledford Jr., president, PSEG Foundation. 'We know how hard it can be today for families to find good jobs, afford basic needs and build a better future. That's why we believe so strongly in working together — to help people find opportunities and make everyday life more affordable. The Neighborhood Partners Program is about investing in the people and organizations with a track record of making a real and ongoing difference. We're proud to support a shared commitment to a stronger future.'
Among other things, past grant recipients have leveraged funding to expand vital services, enhance community impact and overcome rising business costs:
America's Grow-A-Row, a longtime partner, distributed 3.6 million pounds of fresh produce to families facing food insecurity in 2024.
'The Neighborhood Partners Program has been instrumental to our mission. Without organizations like the PSEG Foundation, we couldn't grow the fruits and vegetables that are being utilized to feed families and positively impact their lives,' said Jackie Etter, Development & Marketing, America's Grow-A-Row.
Women's Center for Entrepreneurship's (WCEC) mission is to build communities by providing technical assistance to women and men to successfully own, operate and grow their small businesses, thereby investing financially, intellectually and emotionally in their community.
'The PSEG Foundation's support has been invaluable to the WCEC Women's Business Center, helping us equip business owners — including those reentering the workforce — with critical digital and business skills. Their partnership has strengthened our mission to empower and advance economic opportunity in our communities,' said Rana Shanawani, executive director, WCEC.
HomeFront Inc. mission is to end homelessness in Central New Jersey by harnessing the caring, resources and expertise of the community.
'The support the PSEG Foundation has provided to HomeFront has made so many important things possible: access to basic necessities like nutritious food and a safe place for families to rest their head at night, meaningful help to support families through healing and supportive services, and opportunities for young people to thrive and achieve their dreams,' said Sarah Steward, CEO, HomeFront Inc. 'PSEG has been a partner in every way that counts: through their impactful advocacy, generous financial support, important community leadership, and countless hours hands-on volunteerism from their employees to literally do the work to build and support our region. Families in New Jersey are living happier, more fulfilling lives in more inclusive and equitable communities because of the incredible support the PSEG Foundation provides in our state.'
The Watershed Institute provides inquiry-based hands-on STEM education while encouraging schools in New Jersey to adopt sustainability efforts through the River Friendly Program.
'We are grateful to the PSEG Foundation for its steadfast support through the Supporting Sustainability in Communities Program. Their generosity has made a real difference —empowering The Watershed Institute to conduct stream cleanups, advancing vital river restoration work, and engaging hundreds of community members in protecting and restoring local waterways. Together, we are building healthier, more resilient environments for all,' said Jim Waltman, executive director, The Watershed Institute.
Organizations interested in applying can visit https://pseg.com/neighborhoodpartnersprogram. Grant recipients will be announced on a rolling basis.
For questions about the program, please contact [email protected].
###
About PSEG FoundationThe 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 PSEGPublic 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 ).
Contacts:
Media Relations: 973-430-7734

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mortgage Rates Today: June 6, 2025 - 30-Year Rates Steady, 15-Year Rates Down
Mortgage Rates Today: June 6, 2025 - 30-Year Rates Steady, 15-Year Rates Down

Forbes

timean hour ago

  • Forbes

Mortgage Rates Today: June 6, 2025 - 30-Year Rates Steady, 15-Year Rates Down

Currently, the average interest rate on a 30-year fixed mortgage is 6.76%, compared to 6.85% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 5.74%, down 2.03% from the previous week. If you're thinking about refinancing to lock in a lower rate, compare your existing mortgage rate with current market rates to make sure it's worth the cost to refinance. Today, the average rate on a 30-year mortgage is 6.76%, compared to last week when it was 6.85%. The APR on a 30-year, fixed-rate mortgage is 6.79%. The APR was 6.88% last week. APR is the all-in cost of your loan. With today's interest rate of 6.76%, a 30-year fixed mortgage of $100,000 costs approximately $649 per month in principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator shows. Borrowers will pay about $134,477 in total interest over the life of the loan. Today's 15-year mortgage (fixed-rate) is 5.74%, down 2.03% from the previous week. The same time last week, the 15-year, fixed-rate mortgage was at 5.86%. The APR on a 15-year fixed is 5.78%. It was 5.91% a week earlier. A 15-year, fixed-rate mortgage with today's interest rate of 5.74% will cost $830 per month in principal and interest on a $100,000 mortgage (not including taxes and insurance). In this scenario, borrowers would pay approximately $49,802 in total interest. Today's average interest rate on a 30-year fixed-rate jumbo mortgage (a mortgage above 2025's conforming loan limit of $806,500 in most areas) fell 4.29% from last week to 7.18%. Borrowers with a 30-year, fixed-rate jumbo mortgage with today's interest rate of 7.18% will pay approximately $678 per month in principal and interest per $100,000 borrowed. That would be $144,315. Mortgage rates initially trended downward post-spring 2024. However, they surged again in October 2024—despite cuts by the Federal Reserve to the federal funds rate (its benchmark interest rate) in September, November and December 2024. Rates began to drop again in mid-January 2025, but experts don't forecast them falling by a significant amount in the near future. Mortgage rates are influenced by various economic factors, making it difficult to predict when they will drop. Mortgage rates follow U.S. Treasury bond yields. When bond yields decrease, mortgage rates generally follow suit. The Federal Reserve's decisions and global events also play a key role in shaping mortgage rates. If inflation rises or the economy slows, the Fed may lower its federal funds rate. For example, during the Covid-19 pandemic, the Fed reduced rates, which drove interest rates to record lows. A significant drop in mortgage rates seems unlikely in the near future. However, they may decline if inflation eases or the economy weakens. To get an estimate of your mortgage costs, using a mortgage calculator can help. Simply input the following information: Mortgage interest rates are determined by several factors, including some that borrowers can't control: While the above factors set the base interest rate for new mortgages, there are several areas that borrowers can focus on to get a lower rate: As you compare lenders, consider getting rate quotes for several loan programs. In addition to comparing rates and fees, these programs can have flexible down payment and credit requirements that make qualifying easier. Conventional mortgages are likely to offer competitive rates when you have a credit score between 670 and 850, although it's possible to qualify with a minimum score of 620. This home loan type also doesn't require annual fees when you have at least 20% equity and waive PMI. Several government-backed programs are better when you want to make little or no down payment: Comparing lenders and loan programs is an excellent start. Borrowers should also strive for a good or excellent credit score between 670 and 850 and a debt-to-income ratio of 43% or less. Further, making a minimum down payment of 20% on conventional mortgages can help you automatically waive private mortgage insurance premiums, which increases your borrowing costs. Buying discount points or lender credits can also reduce your interest rate. Most rate locks last 30 to 60 days and your lender may not charge a fee for this initial period. However, extending the rate lock period up to 90 or 120 days is possible, depending on your lender, but additional costs may apply. A mortgage interest rate reflects what a lender is charging you on top of your loan amount in return for allowing you to borrow money. Annual percentage rate (APR), on the other hand, is a calculation that includes both a loan's interest rate and finance charges, expressed as an annual cost over the life of the loan. In other words, it's the total cost of credit. APR accounts for interest, fees and time. Since APRs include both the interest rate and certain fees associated with a home loan, the APR can help you understand the total cost of a mortgage if you keep it for the entire term. The APR will usually be higher than the interest rate, but there are exceptions.

Friday briefing: Elon Musk's fight with Donald Trump; travel ban; Russia strikes Ukraine; Supreme Court; storm forecast; and more
Friday briefing: Elon Musk's fight with Donald Trump; travel ban; Russia strikes Ukraine; Supreme Court; storm forecast; and more

Washington Post

timean hour ago

  • Washington Post

Friday briefing: Elon Musk's fight with Donald Trump; travel ban; Russia strikes Ukraine; Supreme Court; storm forecast; and more

President Donald Trump and Elon Musk had a spectacular fallout yesterday. Trump's travel ban affecting 19 countries faced mounting criticism yesterday. Russia launched a major air assault on Ukraine overnight. A solid labor market is showing new signs of fragility. The Supreme Court sided with a woman who claimed anti-straight discrimination.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store