Monmouth Park Charity Fund Inc.

Monmouth Park Charity Fund Inc. is a U.S. nonprofit organization based in Monmouth County, New Jersey. The organization's mission is to raise and distribute funds to other nonprofit agencies in Monmouth County, focusing on healthcare, community risk, and special needs services.

History

The Monmouth Park Charity Fund was established in 1947 after a group of community leaders revived the Monmouth Park Racetrack. This revival was spearheaded by Amory L. Haskell and others who aimed to give back to the community by organizing charity events. One of the key events was the inaugural Charity Ball and Carnival, held in 1947, which became a foundation for the Fund's operation. The organization was officially incorporated as a 501(C)(3) nonprofit on July 21, 1947[2].

Mission and Activities

The primary goal of the Monmouth Park Charity Fund is to support local nonprofit agencies that provide essential services to residents in need. The organization distributes funds through various grant programs, including its Traditional Legacy Grants, Accomplish More Together Grants, and the Winners Circle Society Transformational Grant. These grants support initiatives related to healthcare, community development, and special services[1][2].

Impact

Since its inception, the Monmouth Park Charity Fund has made significant contributions to Monmouth County, with total contributions exceeding $10.5 million. The organization's efforts have been crucial in supporting local health services, assisting vulnerable populations, and providing aid to those requiring special services[1][2]. Notably, the organization ensures a high percentage of its funds go directly to grant programs, with 80 cents of every dollar raised being distributed to support community causes[1].

Governance and Operations

The Monmouth Park Charity Fund operates under the leadership of a Board of Trustees and is supported by volunteers who contribute significantly to its success. The organization's financial management and governance are critical to its ability to distribute grants effectively and maintain its role as a major philanthropic force in Monmouth County[2][3].

Events and Partnerships

The Monmouth Park Charity Fund organizes several key events throughout the year, including the Kentucky Derby Day Celebration and the annual Golf Invitational. These events help raise awareness and funds for the organization's mission. Additionally, the organization maintains partnerships with local entities to enhance its impact, including a longstanding relationship with Monmouth Park Racetrack[1][4].

Community Recognition

The Monmouth Park Charity Fund is recognized for its dedication to community welfare, fostering a culture of collaboration among local organizations. Its grant recipients include a variety of organizations, such as the Asbury Park Music Foundation, which expanded its music education program through a Winners Circle Society Transformational Grant[1].