PSEG Foundation is supporting efforts to combat the social and economic tolls COVID-19 has wreaked in New Jersey.
On Tuesday, the philanthropic arm of Newark-based Public Serve Enterprise Group Inc. said that support would come in at $2.5 million. And first on its list of initiatives is a $1 million donation to the New Jersey Pandemic Relief Fund, which has racked up nearly $20 million in donations since it launched nearly three weeks ago.
“These are extraordinary times for so many of our community members who are facing tremendous hardship brought about by the COVID-19 pandemic,” PSEG Senior Vice President for Corporate Citizenship and PSEG Foundation Chair Rick Thigpen said in a prepared statement. “The PSEG Foundation is grateful to be able to bring its resources to bear to provide the health, social and economic support so desperately needed by our communities.”
NJPRF, chaired by First Lady Tammy Murphy, serves to provide support for the Garden State health care community, for businesses, and for at-risk age and socioeconomic groups.
Beyond its $1 million NJPRF commitment, PSEG Foundation said it will also award mid- and small-size grants in the coming months.
The mid-size grants will range from $10,000 to $50,000 dollars and will benefit regional nonprofits to support those in need due to the medical, social and economic effects of COVID-19. The small-scale grants will range from $500 to $5,000 and will include a request-for-proposal process to get aid to grassroots and community initiatives. The Foundation said the funding for the latter program would be “aimed at directing supporting directly to the neighborhood level and reaching those in need who have been affected by COVID-19.”
PSEG Foundation said grant applications and additional details will be available later in April.
To help its employees support their own communities by collecting contributions, the Foundation will also offer a 2 to 1 matching campaign.