Provident Bank has awarded $1 million in funding to ten non-profit organizations through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit Program for fiscal year 2026. The grants will support revitalization plans addressing housing, economic development, entrepreneurship, job training, and community improvements in distressed neighborhoods across the state. Recipients include Clinton Hill Community Action, HANDS, Inc., Isles, Inc., Jewish Renaissance Foundation, New Brunswick Tomorrow, New Jersey Community Development Corporation, NORWESCAP, Paterson Habitat for Humanity, Trenton Health Team, Inc., and Urban League of Essex County. The program provides corporations with a 100 percent tax credit against New Jersey state taxes in exchange for contributions, with the Department of Community Affairs serving as intermediary. Provident Bank, founded in 1839 and holding $24.20 billion in assets as of March 31, 2026, is the oldest community-focused financial institution based in New Jersey.
Provident Financial Services IncProvident Bank awards $1M in grants through a state tax credit program, which provides a 100% tax credit against NJ state taxes, effectively reducing its tax liability.