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M&T Bank has donated $75,000 in seed money to help the Center for Urban Entrepreneurship and Economic Development at Rutgers University launch a new fund to help Black entrepreneurs recover from the effects of the pandemic.
CUEED, based at the Rutgers Business School in Newark, will leverage the money from M&T to raise additional funding from other private and philanthropic sources. The center’s goal is to raise $250,000 to pilot its NJ BEST Patient Capital Fund, which will make low-cost, non-dilutive capital, recoverable grants of $25,000 to $50,000 available to selected Black-owned High-Impact Vital Enterprises — retail and service businesses essential to the viability of their communities.
Tom Comiskey, M&T Bank president for New Jersey, said the bank was excited to contribute to such a worthy aim.
“The pandemic has exacerbated challenges for Black entrepreneurs, making it increasingly difficult to secure capital for their businesses,” he said. “Essential to the foundation of New Jersey’s economy, M&T Bank is proud to support these business owners through the NJ BEST Patient Capital Fund.”
The FirstEnergy Foundation has granted two New Jersey nonprofits with $20,000 "Gifts of the Season," aiding in their mission to make lives brighter within the Jersey Central Power & Light (JCP&L) service area.
Cornerstone Family Programs, based in JCP&L's northern New Jersey region, and the Boys & Girls Clubs of Monmouth County, based in the central New Jersey region, both offer afterschool programs that focus on providing safe, empowering environments for local students.
"We're proud to support these organizations because their missions align with our commitment to a diverse, equitable and inclusive workplace where everyone feels valued, included and respected," said Lorna Wisham, president of the FirstEnergy Foundation. "The winners were chosen by FirstEnergy External Affairs employees who identified organizations in their local areas that do extraordinary work to strengthen the community and enhance the lives of vulnerable and underserved populations."
Eastside High School in Paterson sits in the middle of a struggling neighborhood, in a city where 25% of the residents are living below the poverty line, according to the 2020 U.S. Census.
Paterson’s poverty rate is more than twice the state average of 10%, which makes the school, built in 1926, a refuge — and now a resource.
On Thursday, Montclair State University president Jonathan Koppell came to Eastside with a $1 million grant and a vision: to make the school into a community hub, offering free meals, health care, and mental health counseling, not just to the 2,000 students, but to their families as well.
The initiative is called One Square Mile, and it is being seeded with a $1 million grant from the Geraldine R. Dodge Foundation. The program was developed by Koppell during his tenure as Dean of the Watts College of Public Service and Community Solutions at Arizona State University, which worked with the Phoenix-area community of Maryvale to address poverty.
With a resounding endorsement, The Westfield Foundation recently voted in three new board members: Toni Janota, Michael Moye and Dr. Cheryl Lundy Swift, all of Westfield. At the same time, the organization recognized the service of outgoing members: Tim Boyle, Stan Gersch and Rich Elbert.
“We express our deepest appreciation for the invaluable contributions of Tim Stan and Rich and their unwavering commitment during their tenure!" said outgoing president Larry Darrow.
Our new board members had the privilege of witnessing our Q2 grants meeting in early May where we funded over $100,000 to community programs. Some notable grants this quarter: providing a new mode of transportation for the Westfield Community Center, renovation funds for The Our House Foundation’s New Providence Day Program site, and continued support for the Presbyterian Church of Westfield’s mission to supplement local in-need families with nutrient-dense food.
As The Westfield Foundation marks its 50th anniversary, the organization is proud to announce the recipients of its Golden Impact Grants—an initiative that reflects five decades of commitment to building a stronger, more inclusive community through strategic philanthropy.
“It’s truly an honor to celebrate 50 years of service, partnership, and impact,” said Katie Darcy, executive director of The Westfield Foundation. “When the Foundation was established in 1975, it began with just $2,000 and a shared belief in building a better future through philanthropy. Today, we distribute over $1 million annually, thanks to the vision and generosity of the very community we serve.”
The Golden Impact Grants were created to mark this milestone by amplifying the Foundation’s investment in Westfield — the place where it all began. This special initiative invited a select group of local organizations to submit proposals for bold, visionary projects that address urgent community needs and will leave a lasting legacy.
The Montclair Foundation is proud to announce the awarding of $90,000 in grants to 17 local nonprofit organizations through its Spring 2025 grant cycle. These grants will support critical initiatives in the areas of Education, Community Service and Cultural Arts — continuing the Foundation’s long-standing commitment to nurturing and strengthening the greater Montclair community.
Thanks to the success of the Foundation’s recent capital campaign, this grant cycle includes several larger awards and a multi-year grant, reflecting an exciting new chapter of expanded community investment.
“We are incredibly grateful to our donors and supporters whose generosity through our capital campaign has allowed us to increase both the scope and impact of our grantmaking,” said Peggy Deehan, chair of the grants committee. “Montclair is home to so many extraordinary organizations making a meaningful difference every day. It’s a privilege to partner with them in creating a more vibrant, inclusive, and compassionate community.”