NEWARK, N.J., Sept. 25, 2012 /PRNewswire/ -- The PSEG Foundation is making $100,000 in grant money available to New Jersey community development organizations to support special projects.
The grants will be awarded in two categories – neighborhood revitalization and organizational capacity-building – to support a one-time use of funds that meets an immediate need and a longer-term impact. Eligible projects can be stand-alone activities or a discreet part of an ongoing initiative."PSEG is committed to improving the quality of life in our cities, as well as supporting the vitality of communities throughout our service area," said Sheila Rostiac, President of the PSEG Foundation. The grants are open to New Jersey-based housing, community development, or community development support organizations that have been in existence for at least one year, have 501(c)(3) designation and operate in a municipality in PSEG's service territory. The application deadline is October 10, 2012. The Neighborhood Revitalization Grants will provide up to $15,000 to fund distinct activities that advance a neighborhood revitalization plan. Initiatives that involve partnering with your municipality or key stakeholder organizations are encouraged. The Organizational Capacity-Building Grants will provide up to $8,000 for projects or activities that will improve the effectiveness of an organization and its impact in the communities it serves. More information and applications are available at www.pseg.com/funding. Public Service Enterprise Group (PSEG) (NYSE:PEG) is a publicly traded diversified energy company with three principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public Service Electric and Gas Company (PSE&G). PSEG has a long tradition of caring for New Jersey's people and communities. Each year, the company and its employees invest millions of dollars and thousands of hours to improve the quality of life in New Jersey. The company's culture dictates that service to customers and community go hand-in-hand. For more information, visit www.pseg.com. Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to have our press releases sent right to your inbox. SOURCE Public Service Enterprise Group (PSEG)