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Investors Foundation Awards $1.13 Million to Not-For-Profits

Investors Foundation Awards $1.13 Million to Not-For-Profits

Monday, May 4, 2020

Short Hills-based Investors Bank, through its charitable foundation, is releasing more than $1.13 million in financial grants to not-for-profit organizations in New Jersey and New York. The Investors Foundation is making the grants as not-for-profit organizations face a doubling and tripling in the demand for the services they are providing to communities during the COVID-19 pandemic.

The grants are going to not-for-profit organizations that supply people and families with healthcare services, food, shelter, and the basics that are needed to survive through the pandemic and severe economic downturn. There are more than 170 local and regional organizations that are receiving grants, including food pantries, feeding programs, rescue squads, EMT and EMS teams, hospitals, and not-for-profit economic development corporations that assist small businesses.

In announcing the grants, Investors Bank Chairman and CEO Kevin Cummings said, “Nonprofits are responding to the unprecedented needs of so many in our communities. We believe in the value of forming alliances that bring our company and not-for-profit organizations together, and we are seeking to identify how we may assist the organizations that are providing essential services to our neighbors.”