Articles

Inherited IRAs: Big headache, or big opportunity? 

September 13, 2022 If you’re bewildered by something you’ve read recently about the IRS’s distribution rules for inherited IRAs, you’re not alone. What’s the back story? Until the law changed a few years ago, an individual who was named as the beneficiary of a parent’s IRA, for example, could count on a relatively straightforward and tax-savvy method of withdrawals called the “stretch IRA.”…

Community Foundation Grants $1.5 Million in Scholarship Funds

The Community Foundation of New Jersey’s scholarship team today announced $1,575,096 in scholarship awards have been granted this month to cover educational expenses for 261 individual students. While most of the students and institutions of higher learning are in New Jersey, the list extends beyond Rutgers, Montclair State, NJIT, and the County College of Morris (the most popular among recipients) to also include Brown, Cornell, Harvard, and colleges and universities in another 23 states.…

Interventions That Work: Foster Care

More than 6,500 children in New Jersey were removed from their families in 2020. The fate of these children rests on a child welfare and foster care system that is not only functional, but also responsive to their needs and in tune with the latest public health research.…

Planning a Benevolent Exit

If you’re a business owner, at some point you may begin thinking about an exit strategy. Before you start putting out feelers to potential acquirers, you may wish to explore the benefits of contributing an ownership interest in your business to a donor advised fund or other type of fund at the Community Foundation of New Jersey.…

Plan Ahead: New Donor Portal Coming Soon

April 22, 2022 The team at the Community Foundation has been working hard to implement a new donor portal system, which will improve your experience at the Community Foundation and provide up-to-the-minute fund information. We are excited to launch this system in June 2022 and want you to be aware of these temporary impacts to your grant recommendations: Unfortunately, we will be unable to accept any grant recommendations during the transition from May 20th through June 3rd.…

Agriculture Scholarship Accepting Applications

April 12, 2022 The Community Foundation of New Jersey today announced that the Stephen A. Johnston Memorial Scholarship Fund is now accepting applications. The Fund will provide a scholarship in the amount of $3,000 to a sophomore, junior, senior or graduate student with an interest in vegetable crop production or a related field.…

First Aid Scholarship Available to Sussex Students

The Hardyston Township First Aid Squad (HTFAS) was a non-profit, volunteer organization that served the residents of Hardyston, New Jersey since 1967. The volunteers who joined HTFAS selflessly volunteered their personal time for the welfare of the community – service before self.…

Giving opportunities in Ukraine

The crisis in Ukraine has many fundholders interested in giving to projects that will lessen the suffering of those on the ground. We are pleased to share the following organizations, all of which have been vetted by our staff and we are confident are achieving measurable results.…

Hooey Scholarship for Chatham High School Open for 2022

February 10, 2022 The Community Foundation of New Jersey today announced that the Austin O. Hooey Scholarship is accepting applications for the Fall 2022 term. The Austin O. Hooey Scholarship Fund, which is administered by the Community Foundation, provides one or more college scholarship awards ranging from $5,000 to $10,000 per year for four consecutive years to one or more graduating senior(s) of Chatham High School.…