Partnering with New Jersey First Lady Tammy Murphy and other leaders, The Community Foundation of New Jersey in Morris Township has created a nonprofit to raise funds to address the medical, economic and social impact of COVID-19 on the state’s most vulnerable populations.
The New Jersey Pandemic Relief Fund will be “supporting organizations that provide essential services and aiding those on the front line of the pandemic,” the foundation said in a statement.
“The COVID-19 virus has already had far-reaching societal ramifications which have overwhelmingly and disproportionately impacted low- to middle-income residents and New Jersey’s small business community,” said Murphy, the fund’s founding chairperson.
“We are committed to the task of identifying the most effective interventions, determining community needs, and raising essential funds and awareness as we battle this challenge.”
Grants are supporting administrative costs of the fund, which is not affiliated with any government agency or for-profit company, stated the foundation, which said all money raised will go directly to relief efforts.
The fund’s CEO, Josh Weinrich, is working pro bono. A retired Wall Street hedge fund executive, Weinrich chairs the Community Food Bank of New Jersey and is chief investment officer of the Overlook Hospital Foundation. The Summit resident and school board member also has served on the board of Newark Academy, and raised funds for his alma mater, Cornell University.
“At this time, maximizing our impact is our first priority,” Weinreich said in a statement.
“If we put resources to work right now, we can drastically change the course of events here in our state, protecting and supporting our vulnerable residents and getting them back on their feet as soon as possible.”