HAMPTON, Va. (March 24, 2021) — Hampton University is excited to announce it has received a $337,500 grant from the PSEG Foundation. This funding will provide qualifying students from New Jersey an opportunity to attend the Hampton University School of Engineering and Technology and pursue their studies in STEM education.
“We are very thankful that the PSEG Foundation has invested in Hampton University and this project which will enable the growth and development of new diverse STEM scholars,” said Dr. William R. Harvey, Hampton University President. “We are grateful for PSEG’s consideration of Hampton University and its stellar School of Engineering and Technology to launch this program. I look forward to sharing many reports of positive progress as a result of the PSEG Foundation’s gift to us.”
Hampton University will use its grant for the PSEG STEM Scholars Program, designed to support promising high school seniors and undergraduate freshmen from underserved and minority populations in New Jersey who are studying STEM fields. Hampton’s comprehensive STEM programs have positioned the university as a leader, with more than 20% of students studying in one of several science programs. Through the PSEG STEM Scholars Program, students are eligible to receive one of five two-year scholarships for New Jersey students, covering tuition, room, and board.
The PSEG Foundation is giving a total of $1 million in grant funding to three Historically Black Colleges and Universities overall. The additional institutions include Howard University and North Carolina Agriculture & Technical State University. Through this grant, the PSEG Foundation hopes to help diversify the STEM workforce by providing underrepresented students access to STEM education and generating a pipeline of competitive and capable talent for the future workforce, as well as the next generation of scientific and policy leaders in environmental science, sustainability, and social justice.
“HBCUs have a long history of offering an exceptional educational experience while enriching the lives of Black students and families and providing the resources that empower students to succeed in various STEM careers,” said Calvin Ledford Jr., president of the PSEG Foundation. “At PSEG, we have dozens of employees and their families that have attended HBCUs, including many alumni of Hampton University and Howard University. This support is exemplary of our vision to build equitable and prosperous communities, amplifying the direction we have been heading by providing support to organizations including the United Negro College Fund and Thurgood Marshall College Fund, just to name a few.”
The PSEG Foundation has a longstanding history of support for programs that empower diverse and inclusive communities with a focus on addressing inequities. Further support to underserved and underrepresented communities includes:
- UNCF: The PSEG Foundation provided the organization with a grant for four-year scholarships for nine students, as well as support for the Emergency Student Aid program. The foundation has funded the scholarship program for more than 20 years.
- Thurgood Marshall College Fund: The PSEG Foundation has provided sponsorship support to this organization for more than 20 years.
Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly-traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years.
About the PSEG Foundation
The PSEG Foundation, 501(c)(3), the philanthropic arm of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), prioritizes investments in the environment, safety, STEM education & workforce development, diversity & inclusion, and the communities served by PSEG. Headquartered in Newark, N.J., PSEG is a diversified energy company with approximately 13,000 employees. In 2020, PSEG was named one of Forbes’ Best Employers for Diversity for the third year in a row. In addition, PSEG was named to the Dow Jones Sustainability Index North America for the 13th consecutive year in 2020.