New Jersey Bankers Charitable Foundation, Inc.
The New Jersey Bankers Charitable Foundation was established in 2005 as the New Jersey Bankers Education Foundation, Inc., to honor fallen or permanently disabled military members in the post-9/11 Afghanistan and Iraq conflicts by providing scholarships to their eligible dependents. The veteran or dependent must have a connection to New Jersey. In 2015, the purpose of the Foundation was expanded to include broader charitable causes in addition to veteran causes.
Initial funding for the Foundation was provided from the generous support of banks throughout New Jersey. With the expansion of its purpose, additional funding was provided by the New Jersey Bankers Association and its subsidiary, NJBA Service Corporation and its affiliated company Bankers Cooperative Group, Inc. The New Jersey Bankers Association is the trade association representing banks doing business in New Jersey. The NJBA Business Services is its for-profit subsidiary that provides the banking community access to quality products and services to enhance their competitive standing. Bankers Cooperative Group is the licensed brokerage facility of NJBankers that provides members with one-source shopping for insurance coverage needs.
Since inception, the Foundation has provided scholarship assistance to spouses of service members that have given their lives in service to our country that enabled them to earn their college degrees. It also provided funds to Rutgers University’s Office of Veteran Services to assist veteran students that faced temporary financial hardships that, without assistance, would interfere with the completion of their education. Additionally, the Foundation has supported organizations such as Operations First Response, an organization that supports tutoring programs for veterans and their dependents and a Veteran Entrepreneurial boot camp program at Rider University that prepares service members and veterans for starting their own businesses.
inception the Foundation has raised $821,439 in total contributions from members, NJBankers, NJBankers Business Services and Bankers Cooperative Group
general, scholarships cover all or a portion of tuition and books/supplies not
covered by an academic scholarship and Veterans Administration benefits.
If you are a dependent of a fallen or permanently disabled military members in the post-9/11 Afghanistan and Iraq conflicts that interested in applying for a scholarship, please contact John Mangini at 908-272-8500, or firstname.lastname@example.org, for an application and additional information.
The Foundation is a 501(c)(3) organization and governed by a board of industry trustees.
Jersey Bankers Association’s Charitable Foundation Announces $50,000 to
University Veteran’s Programs.
The New Jersey Bankers Association’s Charitable Foundation announces they will, once again be donating $50,000 to Veteran’s Programs at New Jersey based universities. The Foundation has contacted Rutgers, Rider, Monmouth, and Fairleigh Dickinson Universities respectively to make them aware of the donation amounts each will receive. Contributions were awarded in January, 2022.
Donations have been specifically earmarked for the following programs: Rutger’s Office of Veterans and Military Programs and Services, Rider’s Center for Entrepreneurial Studies, Monmouth’s Coming Home Project, and Fairleigh Dickinson’s Veterans Launching Ventures.
This is the sixth consecutive year NJBankers Charitable Foundation has donated to local veteran’s programs. “The New Jersey Banking industry has always made giving back, and supporting our local institutions a priority.”, said John E. McWeeney, Jr., President and CEO of New Jersey Bankers Association. “Our ongoing support of these valuable programs allows us to recognize those men and women who have volunteered to protect our country in the Armed Forces.”
"This is a unique and valuable opportunity for our veterans, and we are so grateful that the NJBankers Charitable Foundation shares our vision of helping veterans’ personal and professional growth through entrepreneurial training,” says Dr. Ron Cook, founder of Rider’s Center for Entrepreneurial Studies and associate dean of graduate programs in the Norm Brodsky College of Business at Rider University. "This donation allows the veterans to continue to receive this training free of charge, as a thank you for their service to our country."
New Jersey Bankers Association’s Charitable Foundation Announces $5,000 grant to Kentucky Bankers Relief Fund.
The Kentucky Bankers Relief Fund was established in 2005, in response to Hurricane Katrina, to help communities in need after natural disasters.
In 2022, the Charitable Foundation contributed $5,000 to help Kentucky residents who were impacted by devastating tornados that hit the state in 2021.
New Jersey Bankers Association’s Charitable Foundation Announces $2,500 grant to Soup Kitchen 411.
Soup Kitchen 411’s mission is to alleviate the pervasive problem of food insecurity in the U.S. by raising awareness and connecting those in need to soup kitchens and other collective spaces where they can enjoy a hot meal.
In 2022, the Charitable Foundation contributed $2,500 to support their efforts in helping connect local restaurants with soup kitchens to feed NJ families in need.