Forman S. Acton Educational Foundation Makes $30,000 Grant to Community Foundation of South Jersey’s COVID-19 Response Fund
The Forman S. Acton Educational Foundation announced today a grant of $30,000 to the Community Foundation of South Jersey’s COVID-19 Response Fund. This fund allows individuals and organizations to pool resources in order to address both short-term and long-term effects of coronavirus (COVID-19) in communities throughout Southern New Jersey.
The Fund was created in response to anticipated economic insecurity associated with the COVID-19 outbreak. It was established by a coalition of business and philanthropic partners to rapidly deploy flexible resources to 501(c)3 non-profits in eight counties – Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean and Salem.
“As a proud member of the Salem community and advocate for education among young people in Salem, we feel we have a responsibility to continue to support those organizations that are so vital to the South Jersey community,” said Larry Van Meter, Foundation President and CEO. “We hope the COVID-19 Response Fund will mitigate some of the financial hardships so many face during these unprecedented times.”
“This investment adds to the growing number of South Jersey-based businesses, philanthropists, and individual donors committed to a coordinated pandemic response,” said Andy Fraizer, Executive Director of the Community Foundation of South Jersey. “I am grateful for contributions from our founding supporters and leadership gifts such as the Forman Acton Education Foundation. Gifts of any size are valuable as we come together to mitigate hardships.”
Today, the Foundation serves students in Salem through a number of programs, including scholarships, college savings funds, and grants. The Forman Scholars program awards college scholarships to high-achieving students in Salem, while the Acorn Fund college savings program invests in college savings accounts for every child from birth through 12th grade living or attending public school in Salem. Since the Foundation’s inception, more than 900 Acorn Fund college savings accounts have been opened, with more than $915,000 allocated to create those accounts and help children and families in Salem City begin to save for college.
Donations to the South Jersey COVID-19 Response Fund can be made at southjerseyresponsefund.org.
About Forman S. Acton Educational Foundation
The Forman S. Acton Educational Foundation’s mission is to inspire, educate, and empower Salem youth. Founded in October 2014, it is named after Forman S. Acton, a Salem resident, pioneering computer scientist, engineer and university professor who sought to provide children from his hometown with the same access to education that made him successful. Through his endowment, the foundation provides educational opportunities through financial assistance and inspirational support that removes barriers and creates pathways for students to advance their education, achieve career success and become global leaders. Learn more at www.FormanScholars.org.
About the Community Foundation of South Jersey
The Community Foundation of South Jersey (CFSJ) envisions an eight-county region thriving where all neighbors aspire, succeed, participate, and give. The vision is realized as CFSJ inspires generosity, manages and deploys permanent charitable assets, and exercises collaborative leadership to create a more equitable region. CFSJ works with South Jersey philanthropists, local nonprofits, and neighbors to build capital, contribute assets, and create permanent endowments for impact in perpetuity. By aligning donor interests and using the investment earnings on each of its endowed funds, CFSJ makes grants and builds leadership within the community to create thriving, equitable, and livable communities for all. Currently, CFSJ manages assets of more than $23 million. CFSJ has issued more than $9 million in nonprofit grants and scholarships. Learn more about CFSJ at CommunityFoundationSJ.org.