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New Jersey Community Capital, the state’s largest community development financial institution, announced Tuesday that it has donated a total of $50,000 to the municipalities of Newark, Paterson, Camden, Trenton and New Brunswick.
Each of the five municipalities will receive $10,000 in funding for specific community organizations or initiatives focused on economic development, youth programs, public health and more. The donation is part of NJCC’s commitment to this year’s Martin Luther King Jr. Day celebration theme: “It starts with me: cultivating a beloved community mindset to transform unjust systems.” NJCC CEO Bernel Hall said the organization feels the donations will have great impact.
In honor of the life, legacy and impact of Dr. Martin Luther King Jr. and Coretta Scott King, New Jersey Community Capital invites you to join it in furthering NJCC’s mission of promoting equitable opportunities for all.
“We’re thrilled to be able to build on Dr. King’s mission and integrate it into our work throughout New Jersey and support such well-deserving community organizations and impactful programming,” he said. “These cities are doing crucial work to make New Jersey the best it can be, and partnering with them to do even more will provide better outcomes and opportunities for residents.” Hall said NJCC’s charitable giving corresponds to its work across the state to finance the predevelopment, acquisition, construction, rehabilitation and mini-permanent needs of affordable housing units for ownership and rental opportunities. NJCC’s lending takes a holistic and equitable approach by financing projects that use the diverse pillars of a community, including small businesses, commercial office and retail spaces and early childhood education centers.
The New Jersey Bankers Association will be donating $5,000, through its charitable foundation, to the American Bankers Association’s Disaster Relief Program to help aid relief efforts in Mississippi after a series of deadly tornados swept through the region in late March.
All funds will be directed to the Heart of the Delta Foundation, which is supporting rural communities in the Delta region, and the CREATE Foundation, which is aiding relief efforts in Northeast Mississippi.
John Mangini, treasurer and secretary of the New Jersey Bankers Charitable Foundation, said the group always is eager to lend a hand when it can.
“The banking community extends beyond state borders, and, during difficult times, like what we’re seeing in Mississippi, the role banks play in their communities becomes paramount,” he said. “We hope this donation can help ensure people affected by this disaster can get access to the assistance and services they need.”
The New Jersey Arts and Culture Renewal Fund recently awarded $664,500 in grants to 30 nonprofits statewide.
Since its founding in 2020, the fund has awarded more than $7.4 million to more than 200 organizations across New Jersey. The fund, hosted by the Princeton Area Community Foundation, aims to offer critical grant dollars for many of the state’s smaller nonprofit organizations in the arts, culture and historical sectors.
The most recent grants were awarded in two phases. Eleven nonprofits received grants from the Fund for the first time, and for the first time, one round of grants was dedicated to history organizations.
Sharnita Johnson, VP of strategy, impact and communications at the Victoria Foundation and co-chair of the fund, explained it this way.
“The New Jersey Arts and Culture Renewal Fund directly addresses disparities in funding that were present before the pandemic and have increased in its aftermath,” she said. “The smaller cultural organizations supported by the New Jersey Arts and Culture Renewal Fund serve multiple functions in their communities. They are important anchors central to community wellbeing and quality of life in the areas they serve.”
Welcome to the Council of New Jersey Grantmakers’ Foundation Funding Map, where members have free access to accurate, up-to-date grantmaking data critical to smart, strategic giving that makes the biggest impact.
The data shown on the map is from CNJG member and non-member foundations, corporate giving programs and others that have submitted their grants data through this Get on the Map! Campaign. The greater the number of funders that submit their data, using the template, the more complete this picture of how funds are distributed in New Jersey will be.
Racial Equity Tools is designed to support individuals and groups working to achieve racial equity. This site offers tools, research, tips, curricula and ideas for people who want to increase their own understanding and to help those working toward justice at every level – in systems, organizations, communities and the culture at large.