NJ Bankers foundation donates $25K to support scholarships for families of USS New Jersey’s crew

To help celebrate the commissioning of the USS New Jersey fast attack submarine on Saturday, the New Jersey Bankers Association has donated $25,000 to fund scholarships for families of the crew.

The commissioning ceremony for the USS New Jersey will take place Saturday along the piers of Naval Weapons Station Earle in Monmouth County.

The donation is part of an ongoing scholarship program during which the NJ Bankers Charitable Foundation has provided scholarship assistance to military service members and their families.

About the foundation

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. Since then, it has expanded its reach to provide scholarships to eligible dependents of veterans (the veteran or dependent must have a connection to New Jersey) and to support broader charitable causes. The foundation is a 501(c)(3) organization and governed by a board of industry trustees.

The foundation also supports Rutgers University’s Office of Veterans Services, helping students with financial hardships complete their educations.

Additionally, the foundation has contributed to organizations like Operation First Response, which offers tutoring programs for veterans and their dependents.

The organization also supports a Veteran Entrepreneurial Boot Camp at Rider University, which equips service members and veterans with the skills needed to start their own businesses.

“NJ Bankers Charitable Foundation has been supporting veteran education programs in New Jersey for nearly 20 years, and we are honored to be part of the commissioning events for the USS New Jersey. This donation aligns perfectly with the mission of our charitable foundation, supporting those who have given — and continue to give — so much to our country,” said NJ Bankers CEO and President Mike Affuso.