# Arts Education Endowment Fund in Honor of Raymond G Chambers

Arts Education Endowment Fund in Honor of Raymond G Chambers is an Endowment / Foundation based in Newark, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Newark, United States
- **Region:** North America
- **Address:** Newark, NJ, United States
- **Assets under management:** Undisclosed
- **Website:** http://www.njpac.org

## Regulatory record

- **Reports private funds:** No

## About

The Arts Education Endowment Fund in Honor of Raymond G Chambers is a US-based endowment plan in Newark. It manages approximately $1 million in assets, primarily focused on North America.

## Sectors

- Education

## People

- Raymond G. Chambers — Honoree; Founding Chair of NJPAC
- John Schreiber — President and CEO
- Charles F. Lowrey — Chair of the NJPAC Board of Directors
- David Jones — Treasurer of NJPAC; Chair of the NJPAC Investment Committee

## Questions

### What is the relationship between the Arts Education Endowment Fund and NJPAC?

The fund is a separate nonprofit corporation established in honor of NJPAC's founding chair, Raymond G. Chambers. NJPAC President and CEO John Schreiber also serves as the fund's president and CEO, and NJPAC board members hold key governance roles, including investment committee leadership. The fund's assets, however, are held and managed independently for arts education purposes.

### Who sits on the fund's investment committee?

The investment committee is chaired by David Jones, NJPAC's treasurer. Billionaire investor Leon Cooperman and Jacob Walthour Jr., CEO of Blueprint Capital Advisors, also serve on the committee. Charles Lowrey, CEO of Prudential Financial and NJPAC's board chair, rounds out the known governance group.

### Does the fund hold any direct real estate assets?

One Theater Square, a mixed-use residential tower at 2 Center Street in Newark, was developed by Dranoff Properties in partnership with NJPAC. The property sits adjacent to NJPAC's theater complex. The fund is a separate endowment vehicle and was not a developer of this property.

### Who is Raymond G. Chambers, and why is the fund named after him?

Raymond G. Chambers is a New Jersey philanthropist, private-equity pioneer, and co-founder of the Amelior Foundation. He was the founding board chair of NJPAC and a driving force behind Newark's cultural revival. The endowment was created to honor his decades of civic and arts philanthropy in the city.

### How does the fund's governance differ from a traditional private foundation?

Unlike a private foundation, which must distribute a minimum percentage of assets annually for charitable purposes, this endowment is structured as a nonprofit corporation designed to support arts education through investment returns. Its board-led investment committee operates with a total-return approach and no statutory payout requirement.

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Updated: 2026-06-28T01:55:20.943Z

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