Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • UK savings deals: the heat is on as banks offer up to 8% | Savings
    • Metal ETFs shine in uncertain market: Should you invest now?
    • How a lumpsum calculator supports mutual fund investment decisions
    • Mutual fund companies earned more in Q1 as markets rose—but investors should look deeper
    • The AI Boom Is Expanding Beyond Chips. These 3 ETFs Could Be the Next Winners
    • Manulife Investments Announces July 2026 Cash Distributions for Manulife Exchange Traded Funds and ETF Series of Manulife Funds
    • Intel’s $90 Billion Wipeout Sparks 20% Crash In These ETFs
    • Most Income Investors Have Never Heard of These 3 ETFs Paying 8 to 12 Percent Every Month
    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

    Active funds vs passive: Is active management still relevant?

    July 24, 2026

    The Best Large-Growth Funds and ETFs to Buy

    July 24, 2026

    SBI Funds Management vs HDFC AMC: Which AMC Stock is Better – Stock Insights News

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Best global ETFs to watch in July 2026

    July 12, 2026

    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
    Don't Miss
    Bonds

    UK savings deals: the heat is on as banks offer up to 8% | Savings

    July 24, 2026

    It is shaping up to be a decent summer for savers as fierce competition among…

    Metal ETFs shine in uncertain market: Should you invest now?

    July 24, 2026

    How a lumpsum calculator supports mutual fund investment decisions

    July 24, 2026

    Mutual fund companies earned more in Q1 as markets rose—but investors should look deeper

    July 24, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    The Rise of Crypto ETFs: How to Invest in Digital Currency Without Buying Coins

    July 28, 2024

    Japan corporate pensions bullish on bonds as rates rise | Fixed Income

    August 7, 2024

    The 9 Best Vanguard Mutual Funds to Buy

    August 13, 2024
    Our Picks

    UK savings deals: the heat is on as banks offer up to 8% | Savings

    July 24, 2026

    Metal ETFs shine in uncertain market: Should you invest now?

    July 24, 2026

    How a lumpsum calculator supports mutual fund investment decisions

    July 24, 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.