Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
PSEG FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)80 PARK PLAZA T - 4B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWARK, NJ071024109
A Employer identification number

22-3125880
B Telephone number (see instructions)

C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$38,382,950J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 0 0 0
4 Dividends and interest from securities... 222,990 222,990 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a 0
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 222,990 222,990 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... 0 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments 13,141 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,141 0 0 0
25 Contributions, gifts, grants paid....... 8,560,261 8,224,203
26 Total expenses and disbursements. Add lines 24 and 25 8,573,402 0 0 8,224,203
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,350,412
b Net investment income (if negative, enter -0-) 222,990
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 10,000,000 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule).......   0  
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 36,347,365 Click to see attachment38,382,950 38,382,950
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 46,347,365 38,382,950 38,382,950
Liabilities 17 Accounts payable and accrued expenses.......... 412,956 462,895
18 Grants payable................. 4,353,885 4,689,943
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 4,766,841 5,152,838
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 41,580,524 33,230,112
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,580,524 33,230,112
30 Total liabilities and net assets/fund balances (see instructions). 46,347,365 38,382,950
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
41,580,524
2
Enter amount from Part I, line 27a .....................
2
-8,350,412
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
33,230,112
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
33,230,112
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 3,100
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,100
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,100
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,886
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 0 7 4,886
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,786
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,786 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletPSEG.COM
    14
    The books are in care ofbulletRose M Chernick Telephone no.bullet (973) 430-6734

    Located atbullet80 PARK PLZT - 9ANEWARKNJ ZIP+4bullet071024109
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Daniel J CreggClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    David M DalyClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Derek M DiRisioClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Daniel EichhornClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Ralph A LaRossaClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Tamara L LindeClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Shahid MalikClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Sheila RostiacClick to see attachment Trustee
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Richard T ThigpenClick to see attachment Chairman of the Board and CEO
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Calvin R Ledford JrClick to see attachment President
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Bradford D HuntingtonClick to see attachment Treasurer
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Peter W CarusoClick to see attachment Assistant Treasurer
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Michael K HyunClick to see attachment Secretary
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Rosalyn M PichardoClick to see attachment Assistant Secretary
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Rose M ChernickClick to see attachment Controller
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Clifford PardoClick to see attachment Assistant Controller-Tax
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    Lynn C UkejianyaClick to see attachment Assistant Controller-Tax
    1.00     		0 0 0
    80 Park Plaza
    Newark,NJ07102
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    41,049,666
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,049,666
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    41,049,666
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    615,745
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,433,921
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,021,696
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,021,696
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    3,100
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    3,100
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,018,596
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,018,596
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,018,596
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    8,224,203
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,224,203
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,224,203
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,018,596
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 8,002,016
    b From 2016...... 8,002,632
    c From 2017...... 6,755,787
    d From 2018...... 8,069,892
    e From 2019...... 7,154,853
    fTotal of lines 3a through e........ 37,985,180
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 8,224,203
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,018,596
    e Remaining amount distributed out of corpus 6,205,607
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 44,190,787
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		8,002,016
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		36,188,771
    10 Analysis of line 9:
    a Excess from 2016.... 8,002,632
    b Excess from 2017.... 6,755,787
    c Excess from 2018.... 8,069,892
    d Excess from 2019.... 7,154,853
    e Excess from 2020.... 6,205,607
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Richard T Thigpen
    80 Park Plaza T4A
    Newark,NJ071024109
    bThe form in which applications should be submitted and information and materials they should include:
    apply on line at corporate.pseg.com corporatecitizenship psegfoundation requestforproposals
    cAny submission deadlines:
    10 31
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    as outlined on the form and website
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    All Stars Project Inc
    543 West 42nd St
    New York,NY10036     		No Relationship 509a1 Education 100,000
    American National Red Cross
    209 Fairfield Road
    Fairfield,NJ07004     		No Relationship 509a1 Safety 125,000
    Association for Mental Health
    939 Johnson Ave
    Ronkonkoma,NY11779     		No Relationship 509a1 Thriving Communities 27,500
    Assoc of NJ Environmental Comm
    P O Box 157
    Mendham,NJ07945     		No Relationship 509a2 Environment 20,000
    Branch Brook Park Alliance Inc
    310 South St 4th Floor
    Morristown,NJ07960     		No Relationship NC Environment 25,000
    Bridgeport Hospital Foundation
    257 Grant St
    Bridgeport,CT06610     		No Relationship 509a1 Safety 25,000
    Caucus Educational Corporation
    75 Midland Ave
    Montclair,NJ07042     		No Relationship 509a1 Thriving Communities 70,000
    Center for Aquatic Sciences Inc
    3 Riverside Dr
    Camden,NJ08103     		No Relationship 509a1 Education 40,000
    Childrens Specialized Hospital
    150 New Providence Rd
    Mountainside,NJ07092     		No Relationship 509a1 Thriving Communities 0
    Citizens Campaign Inc
    450 Main St
    Metuchen,NJ08840     		No Relationship 509a1 Thriving Communities 0
    Community Food Bank of NJ
    31 Evans Terminal Rd
    Hillside,NJ07205     		No Relationship 509a2 Thriving Communities 80,000
    Community Foundation of NJ
    PO Box 33835 Knox Hill Rd
    Morristown,NJ07963     		No Relationship 509a1 Thriving Communities 625,000
    Conservative Wildlife Foundation
    2 Preservation Flace
    Princeton,NJ08540     		No Relationship 509a1 Environment 30,000
    Drumthwacket Foundation
    354 Stockton St
    Princeton,NJ08540     		No Relationship 509a1 Thriving Communities 0
    Evas Village Inc
    393 Main St
    Paterson,NJ07501     		No Relationship 509a1 Thriving Communities 28,500
    Fairleigh Dickinson University
    1000 River Rd H-DH3-13
    Teaneck,NJ07666     		No Relationship 509a1 Education 25,000
    Family and Childrens Association
    377 Oak St 5th Floor
    Garden City,NY11530     		No Relationship 509a1 Thriving Communities 37,500
    Family Service League
    790 Park Ave
    Huntington,NY11743     		No Relationship 509a1 Safety 62,500
    Garden State Equality
    1408 Main St
    Asbury Park,NJ07712     		No Relationship 509a1 Thriving Communities 0
    Great Swamp Watershed Association
    PO Box 300
    New Vernon,NJ07976     		No Relationship 509a1 Environment 25,000
    Hackensack Riverkeeper Inc
    231 Main St
    Hackensack,NJ07601     		No Relationship 509a1 Environment 25,000
    Health and Welfare Council
    110 Walt Whitman Rd Suite 101
    Huntington Station,NY11746     		No Relationship 509a1 Safety 115,000
    HISPA Inc
    PO Box 702
    Princeton,NJ08542     		No Relationship 509a2 Education 0
    Hofstra Center for Civic Engagement
    128 Hofstra University
    Hempstead,NY11549     		No Relationship 509a1 Thriving Communities 0
    HomeFront Inc
    1880 Princeton Ave
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 25,000
    Imagine a Center for Coping
    244 Sheffield St
    Mountainside,NJ07092     		No Relationship 509a1 Thriving Communities 25,000
    Independent College Fund of NJ
    142 West State St
    Trenton,NJ08608     		No Relationship 509a2 Education 50,000
    Island Harvest Food Bank
    126 Spagnoli Rd
    Melville,NY11747     		No Relationship 509a1 Safety 110,000
    Junior Achievement of NJ
    JA Education Ctr 360 Pear Blossom
    Edison,NJ08837     		No Relationship 509a1 Education 275,000
    Liberty Science Center Inc
    222 Jersey city Blvd
    Jersey City,NJ07305     		No Relationship 509a1 Education 150,000
    LincolnPark Coast Cultural District
    450 Washington St
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 0
    March of Dimes
    515 Madison Ave 30th Fl
    New York,NY10022     		No Relationship 509a1 Thriving Communities 25,500
    Meadowlands twenty forty Foundation
    1099 Wall St West Suite 10
    Lyndhurst,NJ07071     		No Relationship 509a1 Thriving Communities 0
    Meadowlands Area YMCA
    390 Murray Hill Parkway
    East Rutherford,NJ07073     		No Relationship 509a2 Thriving Communities 29,000
    Mental Health Assoc of Essex County
    33 South Fullerton Ave
    Montclair,NJ07042     		No Relationship 509a1 Thriving Communities 25,000
    Montclair State University
    1 Normal Ave
    Upper Montclair,NJ07043     		No Relationship 509a1 Environment 0
    National Wildlife Federation
    11100 Wildlife Center Drive
    Reston,VA20190     		No Relationship 509a1 Environment 0
    New Jersey Audubon Society
    9 Hardscrabble Rd
    Bernardsville,NJ07924     		No Relationship 509a1 Environment 85,000
    NJ Chamber of Commerce Foundation
    216 West State St
    Trenton,NJ08608     		No Relationship 509a2 Education 50,000
    New Jersey Future
    16 W Lafayette St
    Trenton,NJ08608     		No Relationship 509a1 Environment 25,000
    NJ Institute for Social Justice
    60 Park Place Suite 511
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 45,000
    NJ Institute of Technology
    University Heights
    Newark,NJ07102     		No Relationship 509a1 Education 29,200
    NJ Pandemic Relief various
    various
    Newark,NJ07102     		No Relationship 509a1 Covid Neighborhood 640,825
    NJ Performing Arts Center
    1 Center St
    Newark,NJ07102     		No Relationship 509a1 Performing Arts 250,000
    NJ Symphony Orchestra
    na
    Newark,NJ00000     		No Relationship 509a1 Performing Arts 0
    NJ Community Development Center
    PO Box 6976
    Paterson,NJ07509     		No Relationship 509a1 Thriving Communities 50,000
    NJ Voluntary Org Active in Disaster
    1636-44 Rte 38 Lumberton PL 315
    Lumberton,NJ08048     		No Relationship 509a1 Safety 30,000
    Princeton Area Community Foundation
    15 Princess Rd Suite A
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 50,000
    Public Media NJ Inc NJTV
    825 8th Ave
    New York,NY10019     		No Relationship 509a1 Performing Arts 0
    Ranch Hope Inc
    PO Box 328 45 Sawmill Rd
    Alloway,NJ08001     		No Relationship 509a1 Thriving Communities 40,000
    Research and Development Council
    127 Main St
    Chatham,NJ07928     		No Relationship 509a2 Education 20,000
    Rutgers University
    355 George St Suite 4000
    New Brunswick,NJ08901     		No Relationship 509a1 Education 300,000
    Salvation and Social Justice
    32 Courtland St
    Woodbury,NJ08096     		No Relationship 509a1 Thriving Communities 24,000
    Sesame Street Workhop
    1900 Broadway
    New York,NY10023     		No Relationship 509a1 Safety 0
    Special Olympics of NJ
    1 Eunice Kennedy Shriver Way
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 0
    St Vincent Academy
    228 West Market St
    Newark,NJ07103     		No Relationship 509a1 Education 25,000
    Stevens Institute of Technology
    One Castle Point Terrace-8th FL
    Hoboken,NJ07030     		No Relationship 509a2 Education 1,200,000
    Stony Brook Foundation Inc
    Stony Brook University 230 Adm Blg
    Stony Brook,NY11794     		No Relationship 509a1 Education 190,000
    Students Two Science Inc
    66 Deforest Ave
    East Hanover,NJ07936     		No Relationship 509a1 Education 0
    Sustainable Jersey
    PO Box 6855
    Lawrenceville,NJ08648     		No Relationship 509a1 Environment 425,000
    The Cathedral Soup Kitchen Inc
    1514 Federal St
    Camden,NJ08105     		No Relationship 509a2 Thriving Communities 28,000
    The Food Trust
    1617 JFK Blvd Suite 900
    Philadelphia,PA19103     		No Relationship 509a1 Health & Human Services 35,000
    Foundation for University Hospital
    150 Bergen St No D209C
    Newark,NJ07103     		No Relationship 509a1 Thriving Communities 50,000
    The Nature Conservancy of NJ
    200 Pottersville Rd
    Chester,NJ00000     		No Relationship 509a1 Environment 35,000
    The Newark Museum Association
    49 Washington St
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 200,000
    Oasis Haven for Women and Children
    59 Mill St
    Paterson,NJ07501     		No Relationship 509a1 Thriving Communities 28,800
    The Salvation Army
    4 Gary Rd
    Union,NJ07083     		No Relationship 509a1 Safety 50,000
    Thomas Edison State University
    111 W State St
    Trenton,NJ08608     		No Relationship 509a2 Education 200,000
    UNCF United Negro College Fund
    60 Park Place Suite 406
    Newark,NJ07102     		No Relationship 509a1 Education 0
    US Naval Academy Foundation
    247 King George St
    Annapolis,MD21402     		No Relationship 509a1 Education 130,000
    United Way of Bergen County
    6 Forest Ave
    Paramus,NJ06752     		No Relationship 509a1 Civic & Community 1,008,894
    Volunteer Center of Bergen County
    64 Passaic St
    Hackensack,NJ07601     		No Relationship 509a1 Thriving Communities 27,500
    Volunteer Lawyers for Justice
    PO Box 32040
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 85,000
    YMCA of Long Island
    121 Dosoris Lane
    Glen Cove,NY11542     		No Relationship 509a1 Safety 65,000
    Various one time beneficiaries
    various
    Newark,NJ00000     		No Relationship 509a1 Various 310,558
    United Way of Long Island
    819 Grand Blvd
    Deer Park,NY11729     		No Relationship 509a1 Civic & Community 601,984
    Center for Non Profit Corporations
    3635 Quakerbridge Rd Suite 35
    Mercerville,NJ08619     		No Relationship 509a1 Thriving Communities 25,000
    Total .................................bullet 3a 8,560,261
    bApproved for future payment
    All Stars Project
    543 West 42 d St
    New York,NY10036     		    Education 50,000
    Comfort Partners
    240 Sheffield St
    Mountainside,NJ07501     		    Civic & Community 215,000
    Drumthwacket Foundation
    354 Stockton St
    Princeton,NJ08540     		    Thriving Communities 200,000
    Habitat for Humanity
    58 Park PL
    Newark,NJ07102     		    Civic & Community 150,000
    Junior Achievement of NJ Inc
    JA Education Ctr 360 Pear Blossom
    Edison,NJ08837     		    Education 200,000
    Kaboom Inc
    4301 Connecticut Ave N West ML-1
    Washington,DC20008     		    Civic & Community 101,000
    Liberty Science Center
    222 Jersey City Blvd
    Jersey City,NJ07305     		    Education 150,000
    NJ Institute for Social Justice
    60 Park PL STE 511
    Newark,NJ07102     		    Thriving Communities 20,000
    NJ Pandemic Relief approval various
    various
    Newark,NJ07102     		    Covid Neighborhood 640,825
    NJ Community Development Center
    PO Box 6976
    Paterson,NJ07509     		    Thriving Communities 50,000
    Phillips Education Partners
    342 Central Ave
    Newark,NJ07103     		    Civic & Community 100,000
    Rutgers University
    335 George St Suite 4000
    News Brunswick,NJ08901     		    Education 200,000
    Sesame Street Workshop
    1900 Broadway
    New York,NY10023     		    Safety 800,000
    Stevens Institute of Technology
    One Castle Point Terrace-8th FL
    Hoboken,NJ07030     		    Education 950,000
    Sustainable Jersey
    PO Box 6855
    Lawrenceville,NJ08648     		    Environment 300,000
    The Newark Museum
    49 Washington St
    Newark,NJ07102     		    Thriving Communities 100,000
    Thomas Edison State College
    111 W State St
    Trenton,NJ08608     		    Education 100,000
    UNCF United Negro College Fund
    60 Park Place Suite 406
    Newark,NJ07102     		    Education 125,000
    US Naval Academy Foundation
    247 King George St
    Annapolis,MD21402     		    Education 65,000
    United Way of Long Island
    819 Grand Blvd
    Deer Park,NY11729     		    Civic & community 173,118
    Total .................................bullet 3b 4,689,943
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a     0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    f     0   0 0
        0   0 0
    gFees and contracts from government agencies          
    2 Membership dues and assessments....   0   0 0
    3 Interest on savings and temporary cash
    investments ...........     		  0   0 0
    4 Dividends and interest from securities....   0 14 222,990 0
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......   0   0 0
    bNot debt-financed property.....   0   0 0
    6 Net rental income or (loss) from personal property   0   0 0
    7 Other investment income.....   0   0 0
    8 Gain or (loss) from sales of assets other than
    inventory ............     		  0   0 0
    9 Net income or (loss) from special events:   0   0 0
    10 Gross profit or (loss) from sales of inventory   0   0 0
    11 Other revenue:
    a       		  0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    12 Subtotal. Add columns (b), (d), and (e).. 0 222,990 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    222,990
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID: 20012075
    Software Version: V1.0
    Part VI Line 7 - Tax Paid with the Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    All Stars Project Inc543 West 42nd St
    New York,NY10036     		No Relationship 509a1 Education 100,000
    American National Red Cross209 Fairfield Road
    Fairfield,NJ07004     		No Relationship 509a1 Safety 125,000
    Association for Mental Health939 Johnson Ave
    Ronkonkoma,NY11779     		No Relationship 509a1 Thriving Communities 27,500
    Assoc of NJ Environmental CommP O Box 157
    Mendham,NJ07945     		No Relationship 509a2 Environment 20,000
    Branch Brook Park Alliance Inc310 South St 4th Floor
    Morristown,NJ07960     		No Relationship NC Environment 25,000
    Bridgeport Hospital Foundation257 Grant St
    Bridgeport,CT06610     		No Relationship 509a1 Safety 25,000
    Caucus Educational Corporation75 Midland Ave
    Montclair,NJ07042     		No Relationship 509a1 Thriving Communities 70,000
    Center for Aquatic Sciences Inc3 Riverside Dr
    Camden,NJ08103     		No Relationship 509a1 Education 40,000
    Childrens Specialized Hospital150 New Providence Rd
    Mountainside,NJ07092     		No Relationship 509a1 Thriving Communities 0
    Citizens Campaign Inc450 Main St
    Metuchen,NJ08840     		No Relationship 509a1 Thriving Communities 0
    Community Food Bank of NJ31 Evans Terminal Rd
    Hillside,NJ07205     		No Relationship 509a2 Thriving Communities 80,000
    Community Foundation of NJPO Box 33835 Knox Hill Rd
    Morristown,NJ07963     		No Relationship 509a1 Thriving Communities 625,000
    Conservative Wildlife Foundation2 Preservation Flace
    Princeton,NJ08540     		No Relationship 509a1 Environment 30,000
    Drumthwacket Foundation354 Stockton St
    Princeton,NJ08540     		No Relationship 509a1 Thriving Communities 0
    Evas Village Inc393 Main St
    Paterson,NJ07501     		No Relationship 509a1 Thriving Communities 28,500
    Fairleigh Dickinson University1000 River Rd H-DH3-13
    Teaneck,NJ07666     		No Relationship 509a1 Education 25,000
    Family and Childrens Association377 Oak St 5th Floor
    Garden City,NY11530     		No Relationship 509a1 Thriving Communities 37,500
    Family Service League790 Park Ave
    Huntington,NY11743     		No Relationship 509a1 Safety 62,500
    Garden State Equality1408 Main St
    Asbury Park,NJ07712     		No Relationship 509a1 Thriving Communities 0
    Great Swamp Watershed AssociationPO Box 300
    New Vernon,NJ07976     		No Relationship 509a1 Environment 25,000
    Hackensack Riverkeeper Inc231 Main St
    Hackensack,NJ07601     		No Relationship 509a1 Environment 25,000
    Health and Welfare Council110 Walt Whitman Rd Suite 101
    Huntington Station,NY11746     		No Relationship 509a1 Safety 115,000
    HISPA IncPO Box 702
    Princeton,NJ08542     		No Relationship 509a2 Education 0
    Hofstra Center for Civic Engagement128 Hofstra University
    Hempstead,NY11549     		No Relationship 509a1 Thriving Communities 0
    HomeFront Inc1880 Princeton Ave
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 25,000
    Imagine a Center for Coping244 Sheffield St
    Mountainside,NJ07092     		No Relationship 509a1 Thriving Communities 25,000
    Independent College Fund of NJ142 West State St
    Trenton,NJ08608     		No Relationship 509a2 Education 50,000
    Island Harvest Food Bank126 Spagnoli Rd
    Melville,NY11747     		No Relationship 509a1 Safety 110,000
    Junior Achievement of NJJA Education Ctr 360 Pear Blossom
    Edison,NJ08837     		No Relationship 509a1 Education 275,000
    Liberty Science Center Inc222 Jersey city Blvd
    Jersey City,NJ07305     		No Relationship 509a1 Education 150,000
    LincolnPark Coast Cultural District450 Washington St
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 0
    March of Dimes515 Madison Ave 30th Fl
    New York,NY10022     		No Relationship 509a1 Thriving Communities 25,500
    Meadowlands twenty forty Foundation1099 Wall St West Suite 10
    Lyndhurst,NJ07071     		No Relationship 509a1 Thriving Communities 0
    Meadowlands Area YMCA390 Murray Hill Parkway
    East Rutherford,NJ07073     		No Relationship 509a2 Thriving Communities 29,000
    Mental Health Assoc of Essex County33 South Fullerton Ave
    Montclair,NJ07042     		No Relationship 509a1 Thriving Communities 25,000
    Montclair State University1 Normal Ave
    Upper Montclair,NJ07043     		No Relationship 509a1 Environment 0
    National Wildlife Federation11100 Wildlife Center Drive
    Reston,VA20190     		No Relationship 509a1 Environment 0
    New Jersey Audubon Society9 Hardscrabble Rd
    Bernardsville,NJ07924     		No Relationship 509a1 Environment 85,000
    NJ Chamber of Commerce Foundation216 West State St
    Trenton,NJ08608     		No Relationship 509a2 Education 50,000
    New Jersey Future16 W Lafayette St
    Trenton,NJ08608     		No Relationship 509a1 Environment 25,000
    NJ Institute for Social Justice60 Park Place Suite 511
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 45,000
    NJ Institute of TechnologyUniversity Heights
    Newark,NJ07102     		No Relationship 509a1 Education 29,200
    NJ Pandemic Relief variousvarious
    Newark,NJ07102     		No Relationship 509a1 Covid Neighborhood 640,825
    NJ Performing Arts Center1 Center St
    Newark,NJ07102     		No Relationship 509a1 Performing Arts 250,000
    NJ Symphony Orchestrana
    Newark,NJ00000     		No Relationship 509a1 Performing Arts 0
    NJ Community Development CenterPO Box 6976
    Paterson,NJ07509     		No Relationship 509a1 Thriving Communities 50,000
    NJ Voluntary Org Active in Disaster1636-44 Rte 38 Lumberton PL 315
    Lumberton,NJ08048     		No Relationship 509a1 Safety 30,000
    Princeton Area Community Foundation15 Princess Rd Suite A
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 50,000
    Public Media NJ Inc NJTV825 8th Ave
    New York,NY10019     		No Relationship 509a1 Performing Arts 0
    Ranch Hope IncPO Box 328 45 Sawmill Rd
    Alloway,NJ08001     		No Relationship 509a1 Thriving Communities 40,000
    Research and Development Council127 Main St
    Chatham,NJ07928     		No Relationship 509a2 Education 20,000
    Rutgers University355 George St Suite 4000
    New Brunswick,NJ08901     		No Relationship 509a1 Education 300,000
    Salvation and Social Justice32 Courtland St
    Woodbury,NJ08096     		No Relationship 509a1 Thriving Communities 24,000
    Sesame Street Workhop1900 Broadway
    New York,NY10023     		No Relationship 509a1 Safety 0
    Special Olympics of NJ1 Eunice Kennedy Shriver Way
    Lawrenceville,NJ08648     		No Relationship 509a1 Thriving Communities 0
    St Vincent Academy228 West Market St
    Newark,NJ07103     		No Relationship 509a1 Education 25,000
    Stevens Institute of TechnologyOne Castle Point Terrace-8th FL
    Hoboken,NJ07030     		No Relationship 509a2 Education 1,200,000
    Stony Brook Foundation IncStony Brook University 230 Adm Blg
    Stony Brook,NY11794     		No Relationship 509a1 Education 190,000
    Students Two Science Inc66 Deforest Ave
    East Hanover,NJ07936     		No Relationship 509a1 Education 0
    Sustainable JerseyPO Box 6855
    Lawrenceville,NJ08648     		No Relationship 509a1 Environment 425,000
    The Cathedral Soup Kitchen Inc1514 Federal St
    Camden,NJ08105     		No Relationship 509a2 Thriving Communities 28,000
    The Food Trust1617 JFK Blvd Suite 900
    Philadelphia,PA19103     		No Relationship 509a1 Health & Human Services 35,000
    Foundation for University Hospital150 Bergen St No D209C
    Newark,NJ07103     		No Relationship 509a1 Thriving Communities 50,000
    The Nature Conservancy of NJ200 Pottersville Rd
    Chester,NJ00000     		No Relationship 509a1 Environment 35,000
    The Newark Museum Association49 Washington St
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 200,000
    Oasis Haven for Women and Children59 Mill St
    Paterson,NJ07501     		No Relationship 509a1 Thriving Communities 28,800
    The Salvation Army4 Gary Rd
    Union,NJ07083     		No Relationship 509a1 Safety 50,000
    Thomas Edison State University111 W State St
    Trenton,NJ08608     		No Relationship 509a2 Education 200,000
    UNCF United Negro College Fund60 Park Place Suite 406
    Newark,NJ07102     		No Relationship 509a1 Education 0
    US Naval Academy Foundation247 King George St
    Annapolis,MD21402     		No Relationship 509a1 Education 130,000
    United Way of Bergen County6 Forest Ave
    Paramus,NJ06752     		No Relationship 509a1 Civic & Community 1,008,894
    Volunteer Center of Bergen County64 Passaic St
    Hackensack,NJ07601     		No Relationship 509a1 Thriving Communities 27,500
    Volunteer Lawyers for JusticePO Box 32040
    Newark,NJ07102     		No Relationship 509a1 Thriving Communities 85,000
    YMCA of Long Island121 Dosoris Lane
    Glen Cove,NY11542     		No Relationship 509a1 Safety 65,000
    Various one time beneficiariesvarious
    Newark,NJ00000     		No Relationship 509a1 Various 310,558
    United Way of Long Island819 Grand Blvd
    Deer Park,NY11729     		No Relationship 509a1 Civic & Community 601,984
    Center for Non Profit Corporations3635 Quakerbridge Rd Suite 35
    Mercerville,NJ08619     		No Relationship 509a1 Thriving Communities 25,000
    Total ...............................bullet 3a 8,560,261
    bApproved for future payment
    All Stars Project543 West 42 d St
    New York,NY10036     		    Education 50,000
    Comfort Partners240 Sheffield St
    Mountainside,NJ07501     		    Civic & Community 215,000
    Drumthwacket Foundation354 Stockton St
    Princeton,NJ08540     		    Thriving Communities 200,000
    Habitat for Humanity58 Park PL
    Newark,NJ07102     		    Civic & Community 150,000
    Junior Achievement of NJ IncJA Education Ctr 360 Pear Blossom
    Edison,NJ08837     		    Education 200,000
    Kaboom Inc4301 Connecticut Ave N West ML-1
    Washington,DC20008     		    Civic & Community 101,000
    Liberty Science Center222 Jersey City Blvd
    Jersey City,NJ07305     		    Education 150,000
    NJ Institute for Social Justice60 Park PL STE 511
    Newark,NJ07102     		    Thriving Communities 20,000
    NJ Pandemic Relief approval variousvarious
    Newark,NJ07102     		    Covid Neighborhood 640,825
    NJ Community Development CenterPO Box 6976
    Paterson,NJ07509     		    Thriving Communities 50,000
    Phillips Education Partners342 Central Ave
    Newark,NJ07103     		    Civic & Community 100,000
    Rutgers University335 George St Suite 4000
    News Brunswick,NJ08901     		    Education 200,000
    Sesame Street Workshop1900 Broadway
    New York,NY10023     		    Safety 800,000
    Stevens Institute of TechnologyOne Castle Point Terrace-8th FL
    Hoboken,NJ07030     		    Education 950,000
    Sustainable JerseyPO Box 6855
    Lawrenceville,NJ08648     		    Environment 300,000
    The Newark Museum49 Washington St
    Newark,NJ07102     		    Thriving Communities 100,000
    Thomas Edison State College111 W State St
    Trenton,NJ08608     		    Education 100,000
    UNCF United Negro College Fund60 Park Place Suite 406
    Newark,NJ07102     		    Education 125,000
    US Naval Academy Foundation247 King George St
    Annapolis,MD21402     		    Education 65,000
    United Way of Long Island819 Grand Blvd
    Deer Park,NY11729     		    Civic & community 173,118
    Total ................................bullet 3b 4,689,943

    TY 2020 InvestmentsOtherSchedule2
    Name:
    PSEG FOUNDATION INC
    EIN:
    22-3125880
    Software ID:
    20012075
    Software Version:
    V1.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Wells Fargo Acct# 2079951075485   1,822,823 1,822,823
    Northern Trust Acct# 8960010137   3,098,115 3,098,115
    Merrill Lynch Acct# 847-53146   8,462,012 8,462,012
    Nova Scotia Bank Acct# 2019081530010   25,000,000 25,000,000

    TY 2020 OtherExpensesSchedule
    Name:
    PSEG FOUNDATION INC
    EIN:
    22-3125880
    Software ID:
    20012075
    Software Version:
    V1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax Espense 4,886 0 0 0
    Registration Fee 2,960 0 0 0
    Bank Service Fees 5,295 0 0 0