Pseg Foundation Inc
Preselected recipients only
Pseg Foundation Inc is a private foundation in Newark, New Jersey. In tax year 2024 it gave $8.3 million in 20 grants; the typical grant was $250,000 and the largest $1.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$8.3 million
- Number of grants20
- Typical grant$250,000
- Largest grant$1.0 million
- Assets$29.6 million
- New grantees65%
Giving in 2024 was down from $8.8 million the year before.
65% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $8.8 million | 370 | $37.0 million |
| 2024 | $8.3 million | 20 | $29.6 million |
How to apply
Pseg Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Pseg Foundation Inc funds
Where it gives
Its grants went to recipients in 5 states, the most to New Jersey.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 15 | $4.8 million |
| North Carolina | 1 | $384,600 |
| Virginia | 1 | $340,000 |
| District of Columbia | 1 | $325,000 |
| New York | 2 | $250,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Montclair State University Foundation RELATED PERSONS TRANSACTIONS | Advancing Sustainable Growth and Innovation | $1.0 million |
| Sustainable Jersey Inc | Sustainable Jersey Small Grant and Program Support | $750,000 |
| Liberty Science Center Inc RELATED PERSONS TRANSACTION | Reimagining the Energy Quest Exhibit | $600,000 |
| Foundation for North Carolina A T | Powering Potential | $384,600 |
| Hampton University | Hampton U PSEG STEM Scholars Program | $340,000 |
| American National Red Cross & Its Constituent Chapters and Branches | Home Fire Campaign | $330,000 |
| Howard University | PSE Environmental and Sustainability Scholars | $325,000 |
| United Negro College Fund | Providing Pathways to College Access and Success | $310,000 |
| NJ Institute for Social Justice RPT | Economic Environmental Justice & Civic Engagement | $300,000 |
| Community Food Bank of New Jersey Inc | A Strategic Plan Toward a Hunger-Free New Jersey | $250,000 |
| Students 2 Science Inc | S2S Project Apollo: Expansion of STEM Programs | $250,000 |
| Newark Museum Association | Social Justice Projects as Catalysts for DEAI | $200,000 |
| New Jersey Community Development Corp | Summer STEAM and Neighborhood Help Center | $200,000 |
| Volunteer Lawyers for Justice | Veterans Legal Program | $170,000 |
| The Citizens Campaign Inc | Open Access Leadership: Broadening Citizen Service | $150,000 |
| Stony Brook Foundation Inc | SBU-PSEG STEM Outreach Program | $150,000 |
| The Drumthwacket Foundation | Van Nuys Education and Event Center | $100,051 |
| Public Media NJ Inc NJ PBS RPT | NJ PBS Newsroom | $100,000 |
| Caucus Educational Corporation | Stand & Deliver: Powering Equity and Social Justice | $100,000 |
| Center for Aquatic Scienes | Community And Urban Science Enrichment CAUSE | $80,000 |
Officers and trustees
- Daniel J Cregg
- David M Daly
- Daniel Eichhorn
- Ralph A LaRossa
- Lynn C Ukejianya
- Clifford Pardo
- Rose M Chernick
- Rosalyn M Pichardo
- Michael K Hyun
- Bradford D Huntington
- Calvin R Ledford Jr
- Tamara L Linde
- Shahid Malik
- Sheila Rostiac
- Richard T Thigpen
Questions people ask
Does Pseg Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Pseg Foundation Inc give?
$8.3 million in tax year 2024, across 20 grants, with a typical grant of $250,000.
Who runs Pseg Foundation Inc?
Its 2024 filing lists Daniel J Cregg (Trustee), David M Daly (Trustee), Daniel Eichhorn (Trustee) and Ralph A LaRossa (Trustee) among 15 officers and trustees.
What does Pseg Foundation Inc fund?
Based on its grants, mainly education, environment and conservation and science and research.