$150,000 Gift Will Feed Nearly 500,000 People
SOURCE: Public Service Enterprise Group (PSEG)
DESCRIPTION:
When the pandemic struck, demand for food increased at the Food Bank of South Jersey, an organization dedicated to helping the food insecure.
So, when PSEG and the PSEG Foundation donated $150,000 to the Pennsauken, New Jersey-based organization as part of the Foundation’s COVID-19 support grants, the funds were “sufficient to feed almost a half-million meals,” said Fred Wasiak, president and CEO of the Food Bank of South Jersey, calculating that a single dollar can provide more than three meals.
More importantly, the six-figure grant came when food insecurity was the highest. “Demand for food resources was high before the pandemic even began,” Wasiak said. “COVID-19 raised the need even higher. Now, we will have resources to feed people for months to come.”
KEYWORDS: NYSE: PEG, pseg, Food Bank of South Jersey, PSEG Foundation, COVID-19
