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Filing year 2024

PSEG FOUNDATION INC

Newark, New Jersey·EIN 22-3125880·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1.7M
Total assets
$29.6M
Total expenses
$9M
Reported officers
16

Reported officers (all unpaid)

No paid executives reported in 2024. PSEG FOUNDATION INC reported 16 unpaid officers and board members on its 990-PF.

Assistant Treasurer
Trustee
Trustee
Trustee
Trustee
1
1
1
1
1
1
1
Trustee
Trustee
Trustee
Chairman of the Board and CEO

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$6.1M

Itemized grants

23

Median grant

$200k

RecipientLocationPurposeAmount
Montclair State University Foundation RELATED PERSONS TRANSACTIONSMontclair, NJAdvancing Sustainable Growth and Innovation$1M
SUSTAINABLE JERSEY INCLawrenceville, NJSustainable Jersey Small Grant and Program Support$750k
Liberty Science Center Inc RELATED PERSONS TRANSACTIONJersey City, NJReimagining the Energy Quest Exhibit$600k
Foundation for North Carolina A TGreensboro, NCPowering Potential$385k
Hampton UniversityHampton, VAHampton U PSEG STEM Scholars Program$340k
American National Red Cross & Its Constituent Chapters and BranchesFairfield, NJHome Fire Campaign$330k
Howard UniversityWashington, DCPSE Environmental and Sustainability Scholars$325k
United Negro College FundNewark, NJProviding Pathways to College Access and Success$310k
NJ Institute for Social Justice RPTNEWARK, NJEconomic Environmental Justice & Civic Engagement$300k
Community Food Bank of New Jersey IncHillside, NJA Strategic Plan Toward a Hunger-Free New Jersey$250k
Students 2 Science IncEast Hanover, NJS2S Project Apollo: Expansion of STEM Programs$250k
Newark Museum AssociationNewark, NJSocial Justice Projects as Catalysts for DEAI$200k
New Jersey Community Development CorpPaterson, NJSummer STEAM and Neighborhood Help Center$200k
Volunteer Lawyers for JusticeNewark, NJVeterans Legal Program$170k
The Citizens Campaign IncMetuchen, NJOpen Access Leadership: Broadening Citizen Service$150k
Stony Brook Foundation IncStony Brook, NYSBU-PSEG STEM Outreach Program$150k
The Drumthwacket FoundationPRINCETON, NJVan Nuys Education and Event Center$100k
Public Media NJ Inc NJ PBS RPTNEW YORK, NYNJ PBS Newsroom$100k
Caucus Educational CorporationVerona, NJStand & Deliver: Powering Equity and Social Justice$100k
Center for Aquatic ScienesCamden, NJCommunity And Urban Science Enrichment CAUSE$80k
All Stars Project IncNew York, NYDSY and Cops & Kids - 2023-2024$0
RUTGERS UNIVERSITY FOUNDATIONNew Brunswick, NJDouglass-Rutgers CS Bunting-Cobb LLCs & mentoring$0
Stevens Institute of TechnologyHoboken, NJPSEG Student and Workforce Development and SCS$0
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

PSEG FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.2M
$9.2M
2023
$1.7M
$9M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

PSEG FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about PSEG FOUNDATION INC

What are PSEG FOUNDATION INC's revenue and expenses?

In 2024, PSEG FOUNDATION INC reported $1.7M in total revenue and $9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.