TOWNSHIP OF WASHINGTON, N.J., March 19, 2007 (PRIME NEWSWIRE) -- The OritaniSavingsBank Charitable Foundation plans to award over $600,000 in grants during 2007 to non-profit organizations throughout Bergen, Hudson and Passaic Counties in New Jersey. The Foundation has over $13 million in assets and will distribute grants based on applications submitted by non-profit organizations detailing how their programs address the Foundation's objective of improving the quality of life for residents in the three counties. The Foundation's focus is on programs supporting affordable housing, youth services, education and health and human services.
"The OritaniSavingsBank Charitable Foundation firmly believes in investing in the well being of its surrounding area," stated Kevin Lynch, Chief Executive Officer of the OritaniSavingsBank Charitable Foundation. "These grants provide community-focused organizations with the financial support they need to continue their programs."
The OritaniSavingsBank Charitable Foundation was established by Oritani Savings Bank, a $1 billion asset community bank headquartered in the Township of Washington, New Jersey. Oritani Savings Bank is the principal subsidiary of Oritani Financial Corporation (Nasdaq:ORIT).
To apply for a grant, applicants are asked to submit a written request describing the initiative for which they are seeking support. All requests should include a copy of the applicant's tax exempt determination letter issued by the IRS and a copy of the organizations' current operating budget and be sent to OritaniSavingsBank Charitable Foundation, c/o Oritani Savings Bank, 370 Pascack Road, Township of Washington, NJ 07676.