Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Is Fidelity International Small Cap (FISMX) a Strong Mutual Fund Pick Right Now?
    • How advisors can reframe the mutual fund vs. ETF debate
    • S&P 500 vs Nasdaq 100: Which global index fund is right for Indian investors seeking international market exposure?
    • Can your mutual fund SIP beat market volatility? Data on 100 schemes has the answer
    • ETFs Are Net Sellers of Coca-Cola (KO) on Oct. 23
    • Oracle Bonds Are Sliding as AI Debt Worries Grow. At 62, She Discovers the “Safe” Side of Her 401(k) Can Lose Money Too
    • Bitcoin ETFs Own Just 8.5% of BTC as IBIT Ends a Two-Day Outflow Run: Can BTC USD Hold $79,200?
    • Already investing in Reliance shares or mutual funds? Do you need additional Jio IPO exposure?
    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

    Pension funds around the world face an ageing crisis

    October 25, 2026

    Dutch pension funds stop Brussels from steering members’ savings into European startups

    October 25, 2026

    Contra funds hold up, see recovery potential – Money News

    October 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Is Fidelity International Small Cap (FISMX) a Strong Mutual Fund Pick Right Now?

    October 27, 2026

    Can your mutual fund SIP beat market volatility? Data on 100 schemes has the answer

    October 27, 2026

    ETFs Are Net Sellers of Coca-Cola (KO) on Oct. 23

    October 27, 2026

    Oracle Bonds Are Sliding as AI Debt Worries Grow. At 62, She Discovers the “Safe” Side of Her 401(k) Can Lose Money Too

    October 27, 2026
    Don't Miss
    Mutual Funds

    Is Fidelity International Small Cap (FISMX) a Strong Mutual Fund Pick Right Now?

    October 27, 2026

    Having trouble finding a Non US – Equity fund? Fidelity International Small Cap (FISMX) is…

    How advisors can reframe the mutual fund vs. ETF debate

    October 27, 2026

    S&P 500 vs Nasdaq 100: Which global index fund is right for Indian investors seeking international market exposure?

    October 27, 2026

    Can your mutual fund SIP beat market volatility? Data on 100 schemes has the answer

    October 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Brithomes, London Square to host UK Property Investment Showcase in Lagos

    November 18, 2025

    Amplify ETFs Launches Targeted 12% Annual Option Premium

    October 29, 2024

    Board Meets to Discuss Bond Progress, Efforts to Close Achievement and Opportunity Gaps – Richardson ISD

    October 25, 2024
    Our Picks

    Is Fidelity International Small Cap (FISMX) a Strong Mutual Fund Pick Right Now?

    October 27, 2026

    How advisors can reframe the mutual fund vs. ETF debate

    October 27, 2026

    S&P 500 vs Nasdaq 100: Which global index fund is right for Indian investors seeking international market exposure?

    October 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

    🇮🇸 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.