Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 5 Mutual Funds Based on Historical Performance in 2026 – Money Insights News
    • Themes ETFs Strikes First Again: SK Hynix ETFs Begin Trading as AI’s Biggest IPO Hits the Market
    • Leverage Shares by Themes Expands Tech Offering with Six New Single-Stock Leveraged ETFs
    • How long does Rs 10k monthly SIP take to make you crorepati and what it teaches about compounding: Details | Personal-finance
    • Multi Cap vs Multi Asset Allocation Funds: Which mutual fund category should you choose in 2026? – Mutual Funds News
    • 5 Quant mutual funds lead their categories in 10-year SIP returns; here’s how they beat peers – Mutual Funds News
    • US-listed ETFs smash records: $196B in June, $1T at half-year, on target for $2.3T full year
    • Bank of England sounds alarm over hedge funds’ borrowing binge
    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

    Bank of England sounds alarm over hedge funds’ borrowing binge

    July 7, 2026

    How beginners should invest in debt mutual funds, according to a wealth advisor

    July 7, 2026

    Investment funds: what are they and how do they work?

    July 6, 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

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

    November 19, 2023

    Officials will lobby Burnham to revive ‘war bonds’ idea to pay for higher defence spending | Defence policy

    June 24, 2026
    Don't Miss
    Mutual Funds

    5 Mutual Funds Based on Historical Performance in 2026 – Money Insights News

    July 7, 2026

    India’s mutual fund industry continues to witness strong participation from retail investors. According to the…

    Themes ETFs Strikes First Again: SK Hynix ETFs Begin Trading as AI’s Biggest IPO Hits the Market

    July 7, 2026

    Leverage Shares by Themes Expands Tech Offering with Six New Single-Stock Leveraged ETFs

    July 7, 2026

    How long does Rs 10k monthly SIP take to make you crorepati and what it teaches about compounding: Details | Personal-finance

    July 7, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Indian firms are turning to floating-rate bonds as interest rate hikes loom. Here’s why

    May 18, 2026

    SBI Mutual Fund launches SBI Nifty Bank Index Fund

    January 20, 2025

    Mutual Fund Calculator: How Delaying Your SIP By 5 Years Can Shrink Your Retirement Corpus By Nearly Rs 2 Cr?

    February 26, 2026
    Our Picks

    5 Mutual Funds Based on Historical Performance in 2026 – Money Insights News

    July 7, 2026

    Themes ETFs Strikes First Again: SK Hynix ETFs Begin Trading as AI’s Biggest IPO Hits the Market

    July 7, 2026

    Leverage Shares by Themes Expands Tech Offering with Six New Single-Stock Leveraged ETFs

    July 7, 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.