Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Regular index funds vs direct funds: Are ETFs better than index funds? | Personal Finance
    • Why is Edelweiss Mid Cap Fund gaining attention amid rising midcap returns now?
    • Over 750,000 child trust funds are unclaimed – here is how to track down yours
    • Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes
    • The Case for Avoiding Riskier Funds
    • Financing Investment Property: Why Specialist Mortgage Brokers Deliver Better Outcomes
    • Bitcoin ETFs fuel institutional surge, 21Shares’ CIO sees $100K possible by year-end
    • ICICI Prudential Mutual Fund announces change in fund management of two funds
    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

    Over 750,000 child trust funds are unclaimed – here is how to track down yours

    April 29, 2026

    The Case for Avoiding Riskier Funds

    April 29, 2026

    FD vs mutual funds vs liquid funds: Where should you park short term money in current conditions?

    April 29, 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

    Over 750,000 child trust funds are unclaimed – here is how to track down yours

    April 29, 2026

    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
    Don't Miss
    Mutual Funds

    Regular index funds vs direct funds: Are ETFs better than index funds? | Personal Finance

    April 30, 2026

    The person who pioneered the concept of Index funds was John C Bogle. He started…

    Why is Edelweiss Mid Cap Fund gaining attention amid rising midcap returns now?

    April 30, 2026

    Over 750,000 child trust funds are unclaimed – here is how to track down yours

    April 29, 2026

    Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

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

    This mutual fund has turned ₹10,000 monthly SIP into ₹27.67 lakh in 10 years

    March 3, 2025

    Crypto Market Slide Hits ARK ETFs as Coinbase, Roblox Weigh on Returns

    January 15, 2026

    Global funds ramp up Indian bonds purchase by 46 times to $631 million after RBI’s rupee defence

    October 23, 2025
    Our Picks

    Regular index funds vs direct funds: Are ETFs better than index funds? | Personal Finance

    April 30, 2026

    Why is Edelweiss Mid Cap Fund gaining attention amid rising midcap returns now?

    April 30, 2026

    Over 750,000 child trust funds are unclaimed – here is how to track down yours

    April 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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