North Jersey Jewish News just published an article about CNJKIDS, which is Central Jersey's answer to NNJKIDS. I emailed CNJKIDS with a few questions & here is their response:
Thanks for the e-mail.
This is CNJKIDS' first year as an organization. Our plan is to distribute the funds raised over 2013 - 2014 to the schools partnering with CNJKIDS at the end of the next school year in 2014.
From the FAQS section of the website www.cnjkids.org:
How will the dollars be divided among schools? CNJKIDS will aim to help every student in their respective schools by limiting future tuition increases as follows. Each of the schools that have agreed to partner with CNJKIDS will inform CNJKIDS of the tuition it has set for the coming year based on its needs. CNJKIDS will then divide its annual income from general contributions among the schools on a per-capita basis. Earmarked donations will then be distributed to specific schools.
How will the dollars be credited to day school families? After CNJKIDS distributes the funding to the participating schools, each school will then provide a credit on the following year’s tuition bill of each of its students (i.e. if $100 was provided by CNJKIDS to each school, a $100 credit would appear on each student’s tuition bill the following year). Thus, each school may use the money it receives toward its budget for the following school year (i.e. any money schools receive in 2014 may be used for their 2015-2016 school year budgets).