Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Evaluating Mutual Fund Risk-Return Tradeoffs: Key Metrics
    • XRP ETFs see steady inflows as total assets hit $1.2B
    • Gold ETFs Boom: GLD Is Larger in Size But AAAU Is More Affordable
    • ICICI Prudential MF enters SIF space with equity ex top 100, hybrid long short funds
    • Portfolio Stability With Dividend Yield Funds
    • A practical guide to small-cap fund investing
    • XRP’s Chance to Spike as ETFs Attract Major Funds
    • GIFT City Funds offer new route to global investing, says Daulat Finvest CEO
    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

    Portfolio Stability With Dividend Yield Funds

    December 20, 2025

    A practical guide to small-cap fund investing

    December 20, 2025

    GIFT City Funds offer new route to global investing, says Daulat Finvest CEO

    December 20, 2025
    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

    Gold ETFs Boom: GLD Is Larger in Size But AAAU Is More Affordable

    December 20, 2025

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Evaluating Mutual Fund Risk-Return Tradeoffs: Key Metrics

    December 20, 2025

    One of the principles of investing is the risk-return tradeoff, defined as the correlation between…

    XRP ETFs see steady inflows as total assets hit $1.2B

    December 20, 2025

    Gold ETFs Boom: GLD Is Larger in Size But AAAU Is More Affordable

    December 20, 2025

    ICICI Prudential MF enters SIF space with equity ex top 100, hybrid long short funds

    December 20, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Mutual funds mired in redemptions, ETF sales strong

    July 23, 2024

    One year after launching their first Canadian ETFs, JP Morgan reflects on growth, lessons learned

    October 8, 2025

    3 ETFs Every Baby Boomer Should Buy and Hold Forever

    January 29, 2025
    Our Picks

    Evaluating Mutual Fund Risk-Return Tradeoffs: Key Metrics

    December 20, 2025

    XRP ETFs see steady inflows as total assets hit $1.2B

    December 20, 2025

    Gold ETFs Boom: GLD Is Larger in Size But AAAU Is More Affordable

    December 20, 2025
    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

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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