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Rebuild Hoboken Relief Fund to begin payments to 493 recipients

The Rebuild Hoboken Relief Fund announces:

Rebuild Hoboken Relief Fund Set to Mail Aid
Checks
Will
Distribute Almost One Million Dollars
At a press conference yesterday, the Rebuild Hoboken Relief Fund
announced that funds are ready to be released to local residents and
businesses.
  A total of $974,309.46 will
be distributed
.
  According to Bernard
Kenny, chairman of the fund, 493 checks will be mailed next week, each in the
amount of $1976.46.
 The grant award was
determined by the total funds available divided by the number of qualified
applicants.
The
mission of Rebuild Hoboken Relief Fund was to help fill the gap between FEMA
assistance and insurance reimbursement. 
The 501(3)(c) charitable organization sprang up immediately after Hurricane
Sandy, and within days its website,
http://rebuildhoboken.org/, became a central source of information for those seeking assistance
and for those desiring to make contributions to the Fund.
Applications
for aid were received until February 9th. 
The board enlisted the Hoboken Clergy Coalition to independently review
the applications to determine whether all criteria for aid had been met.
An
early and generous gift of $250,000 from Haven Savings Bank, headquartered in
Hoboken, was included with major donations from The Robin Hood Foundation,
Marsh & McLennan and Major League Baseball. 
A black-tie gala was held at the W Hotel in Hoboken in early February and
was supported by local businesses and by hometown celebrities including Buddy “The
Cake Boss” Valastro, in addition to the Sinatra Family, helping the gala gross over
$500,000.  The Rebuild Hoboken Relief
Fund also drew individual checks and online contributions from residents as
well as people across the country.  The
proceeds from numerous activities staged by small business and local
nonprofits, such as cut-a-thons held at hair salons, a concert by Broadway
musical stars and fundraisers by local bars, swelled the fund to nearly $1
million in less than four months. 
According
to Kenny, the Rebuild Hoboken Relief Fund now will shift its focus to provide
financial assistance in future disasters, such as displacements of victims from
major fires or floods.  To that end,
$15,000 will be held as a reserve fund, a small portion of which also will cover
insurance and necessary auditing and tax filing fee.  “The fund will have some money on hand to
provide instant aid, but even more important is that the infrastructure is now
in place to respond immediately to raise money for victims of future catastrophes,”
says Kenny. 
The
seven-person board of Rebuild Hoboken Relief Fund represents all facets of the
Hoboken community:  residents, business
owners, government officials and clergy.  Other members of the board are Toni Tomarazzo,
formerly of the Municipal Hospital Authority; Mayor Dawn Zimmer; local businessman
Scott Delea; Larry Henriques; Monsignor Robert Meyer, pastor, Saints Peter
& Paul Church; and Joseph Mindak, publisher of hMag.

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