Policy

Impact on Nonprofits: The Coronavirus Aid, Relief, and Economic Security Act

March 26, 2020 Congressional negotiators and the White House reached a deal on the COVID-19 economic stimulus bill on Wednesday, with far-reaching consequences for nearly all aspects of the American economy. The $2 trillion legislation has several implications for the nonprofit sector, summarized below by our friend at the National Council of Nonprofits and the Community Foundation Public Awareness Initiative: Emergency Small Business Loans: Provides funding for special emergency loans of up to $10 million for eligible nonprofits and small businesses, permitting them to cover costs of payroll, operations, and debt service, and provides that the loans be forgiven in whole or in part under certain circumstances.…

Major Step Forward: CFNJ Advocates for State Charitable Deduction in Trenton

March 4, 2019 Moments ago, the Senate Budget & Appropriations Committee unanimously approved Senate Bill 2179 which would allow New Jersey taxpayers to take a state income tax deduction for contributions to qualified New Jersey charities. The Community Foundation of New Jersey was in the room with our friends from the Center for Non-Profits and spoke with Senators on the merits of a state income tax deduction for charitable giving.…

An Effective Vehicle for Securing Philanthropic Resources for Local Communities

By Jordan Glatt & Michael Inganamort December 5, 2018 The following opinion editorial appeared in the December issue of NJ Municipalities magazine. A century ago, community chests were the beating heart of philanthropy in towns across America. They would collect private support for local projects, while uniting the people and businesses in a community and creating the built infrastructure – from town squares to playgrounds – that gave towns their character and vibrancy.…

Commentary: Tax law creates new approach to giving

November 23, 2018 The below article was published by the New Jersey Hills Media Group. Click here for the original article. Ask any New Jerseyan about our state’s biggest challenges and you will hear about property taxes, the pension system, or New Jersey Transit.…

First Lady Tammy Murphy Heralds Women’s Role in Philanthropy

May 24, 2018 New Jersey First Lady Tammy Snyder Murphy on Monday spoke to a luncheon of women affiliated with the Community Foundation of New Jersey (CFNJ) about women’s changing role in philanthropy. The discussion at the Reeves-Reed Arboretum in Summit focused on ways women are leveraging their financial decision-making role to improve the communities in which they live.…

Op-Ed: Charitable Deduction Would Help New Jersey Nonprofits

March 19, 2018 Hans Dekker in NJ Spotlight We have a long and rich history of philanthropic giving, but new data shows New Jersey falling to last place among wealthy states for giving While a state income tax deduction for charitable giving has long been a good idea for New Jersey, last year’s changes in federal tax laws make it all the more urgent.…

Kean & Oroho Visit CFNJ to Pitch Charitable Deduction

June 7, 2016 On Friday, June 3rd, the Community Foundation was pleased to host Senators Tom Kean and Steve Oroho for a discussion on their legislation to create a state income tax deduction for charitable giving and their proposed elimination of the New Jersey estate tax.…

Major Momentum on Juvenile Justice

January 26, 2016 This morning, President Obama announced that he would direct the Justice Department to ban the use of solitary confinement for juveniles in federal facilities and as a response to low-level infractions. In a Washington Post op-ed announcing the order, the president pointed to examples in Colorado and New Mexico where solitary confinement has been reduced and the result has been fewer assaults on prison staff and more promising participation in rehabilitation programs.…

Donor Advised Funds Continue Growth

November 18, 2015 Hear that? It’s the buzz around donor advised funds and why they are becoming an increasingly popular philanthropic vehicle for thousands of Americans. Earlier this month, the Wall Street Journal said, “Donor-advised funds have surged in popularity over the years, and many tax lawyers, accountants and financial planners enthusiastically recommend them as a tax-efficient, highly convenient and remarkably simple charitable-giving vehicle.”…