Township of Washington, N.J. (December 5, 2017) – The OritaniBank Charitable Foundation recently granted $10,000 to the Scholarship Fund for Inner-City Children, a non-profit organization located in Newark, NJ. Its current mission is to provide children in need with the opportunity to receive a high quality, values-based education in a nurturing and safe environment.
The grant proceeds will provide partial scholarships of $1,000 to qualifying students from Hudson County. Students will have the opportunity to attend quality private or parochial schools in a safer environment in Bergen, Essex, Hudson or Union counties.
“Education is an essential tool for the future of our society, but unfortunately not all children have the luxury of receiving proper schooling,” said Kevin J. Lynch,President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank. “The scholarships provided to these students will gear them toward a brighter and more promising future, and we are proud to support such a worthy cause that assists our youth in achieving their goals.”
“The Scholarship Fund for Inner-City Children is so grateful for the commitment OritaniBank has for our mission to provide low-income students with the opportunity for a quality, values-based education,” said Gerry O’Connor, Executive Director of The Scholarship Fund for Inner City Children. “It is in our private and parochial schools that these young children can receive the tools they need to escape the cycle of poverty and become active members of the community. It is through the gift of education that we can change lives,” he continued.
The Scholarship Fund for Inner-City Children provides partial-tuition scholarships to economically disadvantaged children attending private and parochial schools within Bergen, Essex, Hudson and Union counties. 100% of SFIC high school seniors graduate and 97% of those seniors go on to pursue higher education.
About The Scholarship Fund for Inner-City Children:
The Scholarship Fund for Inner-City Children (SFIC) was founded in 1983 by Archbishop Emeritus Peter L. Gerety as the Fund for Educational Advancement. SFIC is a non-profit organization funded by corporations, foundations and individual donors who wish to invest in the future of economically disadvantaged children living in neighboring communities. The Fund has made an impact on the lives of thousands of inner-city children. Under the direction of the Board of Trustees and the Executive Director, SFIC has been able to provide over 50,000 students with over $39,000,000 in partial tuition scholarships. For more information, visit http://www.sficnj.org/ or call 973.497.4279
About OritaniBank Charitable Foundation:
Oritani Bank established the OritaniBank Charitable Foundation in 2007 to assist not-for-profit organizations that help to improve the quality of life for area residents, especially those members of its communities most in need. Since its inception, the Foundation has donated more than $8 million to local charitable organizations, primarily in support of education, health and human services, youth programs and affordable housing.
About Oritani Bank:
Oritani Bank is a 106-year-old community bank with more than $4.0 billion in assets, based in the Township of Washington, New Jersey. The Bank has 26 branches throughout Bergen, Hudson, Passaic & Essex Counties. Oritani Bank is a wholly owned subsidiary of Oritani Financial Corp., a publicly held company trading on the NASDAQ with the trading symbol “ORIT.” Oritani Bank offers a full line of deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit its website, www.oritani.com.