Community Foundation of New Jersey Tops $66 Million in Giving for 2018
The Community Foundation of New Jersey (CFNJ) today thanked its more than 1,100 fundholders for recommending a record 7,722 individual grants in 2018 totaling $66.7 million.
This figure represents a $17 million increase in dollars going to worthy causes as compared to last year’s total of $49.5 million from 6,515 grants. Of this amount:
- 3,530 individual grants totaling $38.3 million supported nonprofits in New Jersey. This number was $28.9 million in 2017.
- 4,192 individual grants totaling $28.4 million supported nonprofits outside of New Jersey. This number was $20.5 million in 2017.
CFNJ received a total of $103.5 million in new funds in 2018, which it stewards and grants out on behalf of active fundholders and those who leave bequests. Fifty-four new funds were established in 2018.