Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Top 10 mutual funds that turned Rs 1 lakh into over Rs 5 lakh in 10 years — all have expense ratio below 1% – Mutual Funds News
    • Best Focused Mutual Funds Of 2026: Top Performing Schemes, Returns And Who Should Invest
    • Choosing between large-cap, growth and hybrid funds: Understanding different investment approaches
    • Love the JEPQ and QQQI ETFs? Here’s why Goldman Sachs GPIQ is better
    • 7 Thematic Mutual Fund Themes to Watch: How to add more firepower to long-term portfolio
    • SBI raises ₹4,691 crore from Tier I bonds to fund business growth
    • Investing In Semiconductor ETFs And Stocks
    • Investors are piling into bond funds at a rapid rate. That’s a problem.
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Red Bank Allocates ARPA Funds To Eight Nonprofit Organizations
    Funds

    Red Bank Allocates ARPA Funds To Eight Nonprofit Organizations

    August 21, 2024


    During Red Bank’s Commission meeting on Tuesday, August 20th, the city allocated a total of $50,000 in American Rescue Plan Act (ARPA) funds to eight nonprofit organizations in the form of grants.

    The organizations receiving the grants were recommended by the recently established Red Bank Nonprofit Citizens’ Advisory Board.  The $50,000 is part of the overall $3,513,087 allocation of funds from the ARPA Federal COVID relief funds.

    “The City of Red Bank is excited for this opportunity to partner with some of our most impactful local nonprofits in a tangible way,” said Red Bank Mayor Hollie Berry.  “For years, these nonprofits have been helping some of our most vulnerable residents navigate the challenges of the COVID-19 pandemic, our nationwide affordable housing crisis, food security, and more. What better use of this small portion of our city’s allocated Federal COVID relief dollars than to help our local nonprofits continue their critical assistance to the people of Red Bank.”

    When the city received its ARPA money in March 2022, the Commission developed a proposed spending strategy which included setting aside $150,000 (about 4% of the 3.5M total) over three years to go towards local nonprofit relief endeavors (Red Bank Resolution No. 22-1477.)  The Commission then created, by resolution, a method to administer the nonprofit ARPA allocation, forming a voluntary six-member Nonprofit Citizens’ Advisory Board.

    The purpose of the Nonprofit Citizens’ Advisory Board is to offer specialized expertise in particular endeavors, unique insights into how to better serve the needs of the citizens, boost visibility and/or credibility of the City’s intentions, and identify the organizations that can benefit from donations from time to time and from year to year.

    The Board, after a thorough application and evaluation process, selected the following organizations as the recipients of this year’s allocation of ARPA funds:

    • Be The Change Youth Initiative: $10,000
    • Chambliss Center for Children: $5,000
    • Downside Up, Inc.: $10,000
    • McKamey Animal Center: $5,000
    • Northside Neighborhood House: $5,000
    • PORCH, Inc.: $5,000
    • The Learning Gardens: $5,000
    • WaterWays: $5,000

    These nonprofit organizations, as sub-recipients of these ARPA funds, will be required to provide a final report to the Red Bank Commission detailing how they used the funds to benefit Red Bank residents and highlights of their achievements. 





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Hedge funds grow at the fastest rate ever

    July 26, 2026

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    Active funds vs passive: Is active management still relevant?

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Love the JEPQ and QQQI ETFs? Here’s why Goldman Sachs GPIQ is better

    July 29, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Top 10 mutual funds that turned Rs 1 lakh into over Rs 5 lakh in 10 years — all have expense ratio below 1% – Mutual Funds News

    July 29, 2026

    Are you looking for mutual funds that have generated 5x returns in the last decade…

    Best Focused Mutual Funds Of 2026: Top Performing Schemes, Returns And Who Should Invest

    July 29, 2026

    Choosing between large-cap, growth and hybrid funds: Understanding different investment approaches

    July 29, 2026

    Love the JEPQ and QQQI ETFs? Here’s why Goldman Sachs GPIQ is better

    July 29, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    CPP Investments promotes new senior managing director and lead global private equity

    August 15, 2024

    United Capital Asset Management berths with new investment fund for children

    May 26, 2025

    I’m a savings expert and I’ve tried 40 different ISA platforms – here are my must-read tips to get your tax-free investments rocking: HOLLY MACKAY

    February 16, 2025
    Our Picks

    Top 10 mutual funds that turned Rs 1 lakh into over Rs 5 lakh in 10 years — all have expense ratio below 1% – Mutual Funds News

    July 29, 2026

    Best Focused Mutual Funds Of 2026: Top Performing Schemes, Returns And Who Should Invest

    July 29, 2026

    Choosing between large-cap, growth and hybrid funds: Understanding different investment approaches

    July 29, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.