NJBankers Foundation to award $50,000 to support veterans programs at N.J. universities

The New Jersey Bankers Association’s Charitable Foundation recently announced it will donate $50,000 to the veterans’ programs at four New Jersey colleges: Fairleigh Dickinson University, Monmouth University, Rider University and Rutgers University.

The donations will be awarded in January.

The foundation did not specify how much each institution will receive, but it did say which programs it will support:

  • FDU: Veterans Launching Ventures;
  • Monmouth: Coming Home Project;
  • Rider: Center for Entrepreneurial Studies;
  • Rutgers: Office of Veterans and Military Programs and Services.

This is the sixth consecutive year the 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,” NJBankers CEO John McWeeney said. “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.”

Ron Cook, founder of Rider’s Center for Entrepreneurial Studies and associate dean of graduate programs in the Norm Brodsky College of Business, said the donations are very much appreciated.

“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,” he said. “This donation allows the veterans to continue to receive this training free of charge, as a thank you for their service to our country.”

NJBankers is a trade association representing 70 banks and 176 service providers. Its foundation is a 501(c)(3) tax-exempt organization founded in 2005 with the initial mission of providing scholarship assistance to dependents of service members who lost their lives or became disabled in the Afghanistan and Iran conflicts.

The foundation mission has been expanded and, today, it assists additional community challenges. The remaining initial foundation funds continue to be earmarked for veteran educational purposes.

Conversation Starter

For more information on NJBankers Charitable Foundation, please contact John Mangini at jmangini@njbankers.com.