Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • You expect 12-15% from mutual funds? 731 schemes delivered negative returns last year – Money News
    • Siebert Financial Partners With Unusual Whales to Launch Political Trading ETFs
    • SEBI eases mutual fund registration but tightens scrutiny: What it means for investors? – Money News
    • TLT Hits 22-Year Low as Long-Term Treasury Bonds Sell Off
    • iTrustCapital Now Offers Stocks and ETFs Across All Accounts, Becoming the Most Comprehensive Multi-Asset Investing Platform
    • Global bond yields hit multi-decade highs as governments pay the price for U.S.-Iran stalemate – cnbc.com
    • Largecaps for stability, mid and smallcap funds for higher returns | Personal Finance
    • Is turning SIP into a market-timing strategy the right thing for investors? Find out here
    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

    Largecaps for stability, mid and smallcap funds for higher returns | Personal Finance

    August 18, 2026

    Active vs passive mutual funds: Are you really getting more for paying more? – Mutual Funds News

    August 14, 2026

    Money going into UK funds hits five-year high – should you invest?

    August 13, 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

    Siebert Financial Partners With Unusual Whales to Launch Political Trading ETFs

    August 18, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    You expect 12-15% from mutual funds? 731 schemes delivered negative returns last year – Money News

    August 18, 2026

    For many mutual fund investors, double-digit returns have gradually become an expected outcome, particularly after…

    Siebert Financial Partners With Unusual Whales to Launch Political Trading ETFs

    August 18, 2026

    SEBI eases mutual fund registration but tightens scrutiny: What it means for investors? – Money News

    August 18, 2026

    TLT Hits 22-Year Low as Long-Term Treasury Bonds Sell Off

    August 18, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Real Estate Veteran Shares Criteria She Looks for in a Rental Property

    August 12, 2024

    Nithin Kamath explains difference between ‘direct’ and ‘regular’ mutual funds, urges investors to review plans

    July 10, 2026

    This mutual fund has crossed ₹54,000 crore AUM in 16 years

    September 23, 2025
    Our Picks

    You expect 12-15% from mutual funds? 731 schemes delivered negative returns last year – Money News

    August 18, 2026

    Siebert Financial Partners With Unusual Whales to Launch Political Trading ETFs

    August 18, 2026

    SEBI eases mutual fund registration but tightens scrutiny: What it means for investors? – Money News

    August 18, 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.