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Funding nonprofit endowments can be a tool to ensure the stability of an organization, as well as to advance equity and shift power to frontline organizations. However, according to new, forthcoming CEP research, endowment giving represents only a small slice of foundation funding.
The webinar will explore the how and why of endowment funding from both funder and nonprofit perspectives, including U.S. foundation practices in endowment giving, how funding endowments can foster nonprofit sustainability and advance equitable social change, and the Robert Wood Johnson Foundation’s approach to endowment funding as a tool to advance equity.
The panel includes:
Maisha E. Simmons, Assistant Vice President, Equity and Culture, Robert Wood Johnson Foundation (moderator)
Darren Isom, Partner, The Bridgespan Group
Elisha Smith Arrillaga, Vice President of Research, Center for Effective Philanthropy
John Jackson, President and CEO, Schott Foundation for Public Education
COST: Free for CNJG Members and Non Member Grantmakers
All registrants will receive a recording of the webinar after the event.
This program is presented by CEP and The Bridgespan Group and co-hosted by the Robert Wood Johnson Foundation.
Provident Bank recently awarded a total of $50,000 in grants to 11 small businesses and 4 nonprofit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program.
The SBRG program provides funds to benefit FHLBNY members’ small businesses, including farms and non-profit customers. Through the SBRG Program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs.
“Provident Bank is proud to partner with the Federal Home Loan Bank of New York to support these worthy organizations through the Small Business Recovery Grant Program,” Mary Brown, senior vice president, chief compliance officer, said. “These grants are essential to the financial well-being of these establishments and their ability to serve their customers,” Brown added.
Kearny Bank said Wednesday that it gifted $590,385 in 2024 to charities in New Jersey and New York. The donations were made through the KearnyBank Foundation and went to community, education, housing, and quality of life organizations.
Kearny Bank’s 2024 contributions were: $272,885 to community; $142,885 to education; $92,500 to quality of life; and $80,000 to housing.
During 2024, the largest single donation was to Junior Achievement of New Jersey, which received $65,000. In addition, the 55 Kip Center of Rutherford received $50,000. Also included among recipients was the Essex County chapter of the National Council of Jewish Women, which received $18,000. The Robeson Classic High School Football All-Star Game and HABcore, Inc. each received $15,000, while $12,000 was contributed to the Student/Partner Alliance.
“We’re delighted that our success enables us to donate to a range of programs and organizations that help communities in which we conduct business,” says Craig Montanaro, Kearny Bank president and CEO. “Our company has been committed to charitable giving since it was founded in the 19th century and we continue seeking ways to enhance people’s lives.”
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.”
Alexis Bivens, Vice President of Strategic Initiatives and Managing Director of the Supporting Organizing Work Funders Collaborative, Connecticut Council on Philanthropy, presents the process and progress of how an affinity group transformed into a funders collaborative, how it was resourced, and challenges along the way.
The Council of New Jersey Grantmakers’ 2023 – 2027 Strategic Plan reimagines the future for CNJG. As a result of the extensive strategy development process, the plan includes a renewed vision, mission, core values, and goals. The work is informed by previous efforts, and current issues and trends impacting philanthropy and society.
The 2023 - 2027 Strategic Plan is a roadmap for the next five years, built upon CNJG's past strategic plans and learnings. We look forward to executing this plan, the additional learnings and opportunities it will bring, and delivering on these goals to move us into the future.
The Inclusive Growth ScoreTM provides local planners, governments and impact investors with a clear, simple view of social and economic indicators for any census tract in the United States.
