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FirstEnergy Foundation Grant Powers Asbury Park's Comeback

1. FirstEnergy Foundation grants $50,000 to Interfaith Neighbors for community uplift. 2. Funding supports job training, education, food security, urban farming in Asbury Park. 3. Over $2 million distributed in community support by FirstEnergy in 2025's first half. 4. One in five residents live below poverty line, impacting community development. 5. Continued support fosters community trust and may lead to future opportunities.

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FAQ

Why Bullish?

FirstEnergy's engaged philanthropy may enhance its community reputation and business, similar to past initiatives like job creation programs impacting local economies.

How important is it?

Ongoing community development initiatives align with business goals, indicating a proactive approach which can resonate positively with investors and stakeholders.

Why Long Term?

The ongoing community support initiatives can strengthen relationships and loyalty, potentially improving long-term revenue streams, akin to the sustained benefits seen in past corporate social responsibility efforts.

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Interfaith Neighbors fuels hope and opportunity with $50,000 boost

HOLMDEL, N.J., Aug. 7, 2025 /PRNewswire/ -- A $50,000 grant from the FirstEnergy Foundation is helping to energize Asbury Park's revitalization through the transformative work of Interfaith Neighbors, a nonprofit dedicated to uplifting the community. The funding supports a range of programs that provide job training, early education, food security and urban farming in the iconic Jersey Shore city, which is served by FirstEnergy Corp. (NYSE:FE) electric company Jersey Central Power & Light (JCP&L).

The grant is one of the largest awarded by FirstEnergy Foundation in New Jersey this year and is part of more than $2 million in community support distributed across FirstEnergy's service areas in the first half of 2025.

Doug Mokoid, FirstEnergy's President, New Jersey: "This grant recognizes the powerful impact Interfaith Neighbors has on Asbury Park. From job readiness to food access, their programs are helping residents build brighter futures. We're proud to support their mission and the community they serve."

Nearly one in five Asbury Park residents live below the poverty line. Interfaith Neighbors is working to change that with programs that open doors and create lasting change, including:

  • The Launch Center - Offers job training, career coaching and one-on-one support to help residents succeed.
  • The Early Childhood Learning Center – Provides a safe, nurturing environment for young children while empowering parents to work or pursue education.
  • Meals on Wheels – delivers more than 800 meals daily to seniors and residents with disabilities – more than 330,000 meals a year.
  • Kula Urban Farm - A hydroponic greenhouse that grows fresh produce and opportunity, offering job training and free food to neighbors in need.

Walter "Chip" Craig, Interfaith Neighbors' Co-Executive Director: "For nearly four decades, we've focused on the essentials – housing, food and jobs. Thanks to FirstEnergy Foundation and JCP&L, we can continue building trust and creating real change in Asbury Park."

Want to Make a Difference?

The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofit organizations that meet the critical needs in communities served by FirstEnergy's electric operating companies and in areas where the company conducts business. While unsolicited applications aren't accepted, nonprofits can inquire about grant opportunities or sponsorships by contacting Alix Hayes, Community Involvement Consultant at ahayes@firstenergycorp.com.

JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on X @FirstEnergyCorp or online at firstenergycorp.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-foundation-grant-powers-asbury-parks-comeback-302524692.html

SOURCE FirstEnergy Corp.

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