Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Have 5 mutual funds in your portfolio? Should you invest ₹10,000 bonus in one scheme or split it — what experts suggest
    • Mutual fund portfolio: How conservative, moderate and aggressive investors can allocate in current scenario
    • Nippon India Mutual Fund SIPs: What Investors Should Evaluate First Part 1, khaskhabar.com
    • Is Schwab Balanced Fund (SWOBX) a Strong Mutual Fund Pick Right Now?
    • BBC Audio | The Martin Lewis Podcast | Is it time to ditch your Premium Bonds? | Free Wills
    • Marcellus gets final SEBI approval | Indiablooms
    • European Commission tackles Republic over tax treatment of government bonds – The Irish Times
    • European Commission tackles Republic over tax Government bonds tax treatment – The Irish Times
    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 Own 7% of Treasurys: What Happens If Basis Trades Unwind?

    October 1, 2026

    Active vs passive funds: 88% success in large-caps but only 26% over 10 yrs | Personal Finance

    September 30, 2026

    Morningstar’s Top Fund Picks for a Simpler Retirement Plan

    September 30, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Have 5 mutual funds in your portfolio? Should you invest ₹10,000 bonus in one scheme or split it — what experts suggest

    October 1, 2026

    BBC Audio | The Martin Lewis Podcast | Is it time to ditch your Premium Bonds? | Free Wills

    October 1, 2026

    Arendt sponsors Funds Europe Awards 2026

    September 24, 2026

    European Commission tackles Republic over tax treatment of government bonds – The Irish Times

    October 1, 2026
    Don't Miss
    Mutual Funds

    Have 5 mutual funds in your portfolio? Should you invest ₹10,000 bonus in one scheme or split it — what experts suggest

    October 1, 2026

    Suppose you already have 5 mutual funds in your portfolio across equity, debt, hybrid, gold,…

    Mutual fund portfolio: How conservative, moderate and aggressive investors can allocate in current scenario

    October 1, 2026

    Nippon India Mutual Fund SIPs: What Investors Should Evaluate First Part 1, khaskhabar.com

    October 1, 2026

    Is Schwab Balanced Fund (SWOBX) a Strong Mutual Fund Pick Right Now?

    October 1, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Canara Bank plans to raise Rs 4,000 crore via tier-2 bonds

    January 30, 2026

    Emerging ETFs Snap Winning Streak as Tariffs Weigh on Inflows

    August 4, 2025

    Best ELSS funds in 2026: Motilal Oswal, SBI, or Quant — who topped 3- and 5-year return charts? – Mutual Funds News

    May 28, 2026
    Our Picks

    Have 5 mutual funds in your portfolio? Should you invest ₹10,000 bonus in one scheme or split it — what experts suggest

    October 1, 2026

    Mutual fund portfolio: How conservative, moderate and aggressive investors can allocate in current scenario

    October 1, 2026

    Nippon India Mutual Fund SIPs: What Investors Should Evaluate First Part 1, khaskhabar.com

    October 1, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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