LeFrak and Simon Families Increase Philanthropy to $7 Million Over Six Years in Jersey City
The LeFrak and Simon families, through their partnership Newport Associates Development Company, have doubled their philanthropic commitment by awarding $2 million to 40 Jersey City nonprofits as part of a broader initiative. This includes an additional annual pledge of $1 million for the next five years, bringing total giving to $7 million over six years in celebration of Newport's 40th anniversary. The grants were distributed among organizations focused on social services, health care, education, arts, community development, environmental protection, and athletics. Four cornerstone recipients received at least $100,000 each, including the Anti-Violence Coalition of Hudson County and Garden State Community Development Corporation. The initiative reflects a long-term commitment to supporting Jersey City's nonprofit sector. The announcement was made during an anniversary celebration attended by local leaders such as Governor Mikie Sherrill and Mayor James S. Solomon. Richard LeFrak emphasized the importance of creating lasting value for the community, while Governor Sherrill praised the impact of Newport’s development on homes, infrastructure, and public spaces in Jersey City.
Topics: community development corporate giving nonprofits philanthropy