Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Podcast | Inherited bonds: What Americans in Israel need to know
    • 1 Reason Why Passively Managed Index Funds Could Save You More Money Than Mutual Funds
    • Life Cycle Funds: A smart retirement tool or just another mutual fund category?
    • Can multi-cap mutual funds help navigate market uncertainty?
    • AlphaGrep eyes edge in mutual funds with quant-driven strategies | Mutual Funds
    • 2026 IPO mega wave: What Jio, NSE, Zepto and SBI Mutual Fund issues mean for investors – IPO News
    • Dave Ramsey: Avoid These 3 Things If You Invest in ETFs
    • Business cycle funds outperform benchmarks as AUM rises 26%
    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

    Funds Europe Top 200 and Top 50 2026 published

    June 25, 2026

    How Mutual Funds Help Beat Inflation Better Than Traditional Savings

    June 23, 2026

    5 best value mutual funds with over 22% returns in 1 year — who should invest? – Mutual Funds News

    June 22, 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

    Podcast | Inherited bonds: What Americans in Israel need to know

    June 27, 2026

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

    November 19, 2023
    Don't Miss
    Bonds

    Podcast | Inherited bonds: What Americans in Israel need to know

    June 27, 2026

    Inherited bonds for Americans in Israel can be confusing, especially when a U.S. brokerage statement…

    1 Reason Why Passively Managed Index Funds Could Save You More Money Than Mutual Funds

    June 27, 2026

    Life Cycle Funds: A smart retirement tool or just another mutual fund category?

    June 27, 2026

    Can multi-cap mutual funds help navigate market uncertainty?

    June 26, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Sumter County announces White House approval of FEMA relief funds

    October 13, 2024

    Foreign investment in US housing drops, but Texas still a top market

    July 17, 2024

    Allspring Global Investments Holdings LLC Buys 7,629 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

    July 14, 2024
    Our Picks

    Podcast | Inherited bonds: What Americans in Israel need to know

    June 27, 2026

    1 Reason Why Passively Managed Index Funds Could Save You More Money Than Mutual Funds

    June 27, 2026

    Life Cycle Funds: A smart retirement tool or just another mutual fund category?

    June 27, 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.