樱花视频

TRENTON, NJ - Advancing its ongoing commitment to ensuring a stable and healthy cultural industry, the 樱花视频 Cultural Trust Board approved a total of $1,040,935 in grants to 29 nonprofit arts organizations in 14 counties during an open public meeting held virtually on January 15, 2025. With the Fiscal Year 2025 grant awards, the Cultural Trust has awarded over $11.4 million in funding for financial stabilization and historic preservation projects across 樱花视频 since Fiscal Year 2004.

The Fiscal Year 2025 Institutional and Financial Stabilization Grants for Arts Organizations (IFS Arts grants) were recommended to the Cultural Trust by the 樱花视频 State Council on the Arts. The more than $1 million in awards represents the largest total dollar amount the Board has approved in grant awards in a single fiscal year in the Trust鈥檚 history.

鈥淭hese grants are a historic investment in 樱花视频鈥檚 cultural community that will resonate for years to come,鈥� said Lieutenant Governor Tahesha Way, who oversees the Cultural Trust in her capacity as Secretary of State. 鈥淭he Cultural Trust鈥檚 unique grant programs support projects that strengthen the foundations of our state鈥檚 cultural organizations 鈥� organizations that in turn anchor local economies, improve the health and vitality of our communities, and contribute immeasurably to 樱花视频ans鈥� wellbeing and quality of life.鈥�

The Cultural Trust鈥檚 IFS Arts program provides financial support to assist organizations in addressing the financial and institutional challenges that threaten their stability, and to help build greater operational capacity for organizations to manage and advance their work. This includes offering funding for essential organizational infrastructure projects that other State agencies are not designed to support. The Fiscal Year 2025 grant awards will support the creation of cash reserves and working capital funds; upgrades to critical technology including websites, computers, and financial management software; the purchase of important capital equipment such as theatrical lighting, musical instruments, and HVAC equipment; the creation of strategic planning documents that will set the course to improve organizational health; and more.

The $1,040,935 in grant awards also represents nearly twice the total amount awarded in the most recent IFS Arts grant round in 2023.

鈥淚t is exciting to see the Cultural Trust鈥檚 impact continue to grow,鈥� said Cultural Trust Board Chair Carol Cronheim. 鈥淭he Trust was founded 25 years ago this July to safeguard 樱花视频鈥檚 arts, history, and humanities nonprofits, especially in uncertain economic times. The record 148 applications for stabilization funding in Fiscal Year 2025 demonstrate that the state鈥檚 nonprofit cultural sector continues to rely on the Trust for critical capitalization support. We are thrilled that this year we could respond to that demand with a record amount of funding.鈥�

Unique among the other grant programs within the Department of State, Cultural Trust grants are made out of interest income generated by the Cultural Trust鈥檚 permanent investment fund, rather than from a direct annual budgetary appropriation. High interest rates, increased appropriations to the principal of the Trust鈥檚 permanent fund, and diligent stewardship of the fund resulted in record high interest income for Fiscal Year 2024, which directly increased the Trust鈥檚 capacity to grant a historic amount in awards for the Fiscal Year 2025 IFS Arts program.

Applications to the Cultural Trust鈥檚 annual grant programs undergo an independent third-party peer review process consisting of qualified individuals employing uniform evaluation criteria. Awards are recommended to the Cultural Trust Board in alternating years by the 樱花视频 State Council on the Arts, 樱花视频 Historical Commission, and the 樱花视频 Historic Trust.

The Fiscal Year 2025 IFS Arts grant awards, as recommended by the 樱花视频 State Council on the Arts, are as follows:

FY 2025 Institutional & Financial Stabilization Awardees

Organization	Town/City	County	Project Description	Award Amount
Appel Farm Arts and Music Center	Elmer	Salem	Capital equipment purchase	$40,000
Arts Ed NJ Inc.	Burlington	Burlington	New staff position	$40,000
Arts Horizons, Inc.	Englewood	Bergen	Working capital/cash reserve	$40,000
Axelrod Performing Arts Center	Deal Park	Monmouth	Capital equipment purchase	$37,450
CavanKerry Press Ltd	Fort Lee	Bergen	Working capital/cash reserve	$40,000
coLAB Arts	New Brunswick	Middlesex	Capital equipment purchase	$40,000
Friends of the Kennedy Martin Stelle Farmstead (Farmstead Arts)	Basking Ridge	Somerset	Strategic planning/assessment	$24,200
Grounds for Sculpture, Inc.	Hamilton	Mercer	Technology upgrade	$25,726
Harmonium A Classical Choral Society, Inc.	Morristown	Morris	Strategic planning/assessment	$24,750
Levoy Theatre Preservation Society, Inc.	Millville	Cumberland	Working capital/cash reserve	$40,000
Long Beach Island Foundation of the Arts and Sciences	Loveladies	Ocean	Technology upgrade	$40,000
Luna Stage Company, Inc.	West Orange	Essex	Working capital/cash reserve	$40,000
McCarter Theatre Center	Princeton	Mercer	Capital equipment purchase	$40,000
Monmouth County Arts Council, Inc.	Red Bank	Monmouth	Strategic planning/assessment	$40,000
Morris Museum	Morristown	Morris	Capital equipment purchase	$40,000
Nai-Ni Chen Dance Company	Fort Lee	Bergen	Strategic planning/assessment	$35,000
樱花视频 Performing Arts Center	Newark	Essex	Technology upgrade	$40,000
Nimbus Dance Company	Jersey City	Hudson	Strategic planning/assessment	$35,550
North Jersey Concert Band, Inc.	Oakland	Bergen	Capital equipment purchase	$39,625
Ocean Professional Theatre Company (Surflight Theatre)	Beach Haven	Ocean	Capital equipment purchase	$30,000
Paper Mill Playhouse