Township of Washington, NJ April 26, 2011 The OritaniBank Charitable Foundation recently presented a $25,000 grant to Zoes Place, a Bergen County nonprofit that provides safe, supervised housing and support services for homeless pregnant teens, teen mothers and their babies. The grant will help finance the final phase of construction of the organizations new home in Garfield, which is scheduled to open this spring.
We are pleased to do our part to support Zoes Place, said Kevin J. Lynch, President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank. We look forward to the completion of their new home, which will provide more opportunities for the organization to directly improve the lives and future prospects of young women in our community. Mr. Lynch presented the grant at an event honoring Oritani Banks 100th Anniversary on March 23.
The OritaniBank Charitable Foundation originally pledged this grant in 2008, but the project was delayed due to the economic downturn. The home is being built through a partnership between Zoes Place and Bergen Countys Habitat for Humanity, with additional funding provided by Bergen Countys United Way and community support. Once completed, it will house five teen mothers and their children.
Zoes Place was founded in 2003 by a group of professional women to provide a supportive and caring environment for homeless pregnant teens, teen mothers and their babies. The organizations helpline offers crisis intervention, emergency assistance, referral and advocacy year round. Through Zoes Teen Mom Support Group and mentoring programs, young mothers learn valuable skills and strategies for healthy parenting. The organization also runs Zoes Cupcake Caf in Teaneck, which provides employment and training for the young women as well as funding for Zoes programs. For more information, visit their web site, www.zoesplaceinc.org.
The OritaniBank Charitable Foundation was established in 2007 to assist not-for-profit organizations that help to improve the quality of life for residents in Bergen, Hudson, and Passaic counties. Since its inception, the Foundation has donated more than $2 million to local charitable organizations, primarily in support of education, health & human services, youth programs, and affordable housing.
Oritani Bank is a 100 year old community bank with over $2.5 billion in assets based in the Township of Washington, New Jersey. Oritani Banks parent Oritani Financial Corp. is a publicly held company trading on the NASDAQ with the trading symbol ORIT. Oritani Bank as 23 branches throughout Bergen, Hudson and Passaic Counties, and offers a full line of deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit their website, www.oritani.com.