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The Kearny Bank Foundation donated a total of $735,500 to various charities in 2023 — increasing its five-year giving total to more than $3.6 million, the bank reported this week.
In 2023, the largest single donation was to Junior Achievement of New Jersey, which received $140,000.
The Executive Director serves as chief executive officer and spokesperson of The Montclair Foundation and Van Vleck House & Gardens. The ED reports to an engaged Board of Trustees of the Foundation, as well as its Management Committee to advance the goals set forth in the Foundation’s long-range strategic plan, successfully manage the affairs of the collective organization, and operate within an approved annual budget.
Reporting to the senior director, Impact Investments, the impact investment officer contributes to the development, implementation, and ongoing management of RWJF’s impact investing program to improve health and healthcare. Their primary responsibilities include identifying areas where debt, equity, and guarantees can further the Foundation’s programmatic objectives, underwriting and structuring investments and monitoring the financial and programmatic performance of investments over time. In addition, the impact investment officer maintains relationships externally with co-investors and represents the Foundation on panels and at conferences.
The Finance & Investment Affinity Group brings together grantmakers of all types and sizes to discuss financial market trends and to exchange strategies to help ensure the greatest endowment growth. At each meeting, the latest market performance reports and commentaries are also discussed.
Cost: Free for CNJG Members; $75 for Non Member Grantmakers (includes full breakfast)
Seeking to increase their philanthropic impact, many engaged foundations are turning to impact investing. The reason is clear: The field and practice of impact investing have matured—structures are in place, best practices have emerged, and opportunities have multiplied—enabling more foundations to use this powerful tool. Yet entering unfamiliar terrain can be intimidating, and foundations with few or no staff face unique challenges even as they enjoy unique opportunities.
Essentials of Impact Investing: A Guide for Small-Staffed Foundations addresses those challenges and highlights those opportunities. The guide demystifies the process of designing and implementing an effective impact investing strategy, offering advice, tools, and real-world examples of impact investing by foundations with few or no staff.
In anticipation of Columbia Bank’s acquisition of Freehold Bank – scheduled for Saturday, the bank and its foundation awarded grants to 18 organizations totaling more than $100,000.
The funds will be used to support food insecurity, housing initiatives, medical aid and community development within the Freehold area.
Thomas Kemly, the head of the bank and the foundation, said the bank was excited to make the donations – and to acquire Freehold Bank.
“Columbia Bank is thrilled to welcome Freehold Bank to its family,” he said. “Both organizations share a commitment to excellent customer service, superior products and to giving back. Through this acquisition, we’ll introduce new branches and ATM locations with added products and services, paired with the same friendly faces from both teams.”