{"id":186893,"date":"2026-04-06T09:23:07","date_gmt":"2026-04-06T09:23:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/186893\/"},"modified":"2026-04-06T09:23:07","modified_gmt":"2026-04-06T09:23:07","slug":"new-jersey-city-university-supporter-creates-endowed-scholarship-for-students","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/186893\/","title":{"rendered":"New Jersey City University supporter creates endowed scholarship for students"},"content":{"rendered":"

New Jersey City University<\/a> (NJCU)\u00a0announced April 2 that real estate developer and philanthropist\u00a0Paul Silverman\u00a0<\/a>has established the Silverman Family Scholarship, with an initial $50,000 endowed gift that will provide financial assistance to deserving students on its Jersey City campus for generations to come.<\/p>\n

The need-based scholarship will be awarded by the NJCU Foundation to students who demonstrate financial need, with recipients chosen by the foundation based on an applicant\u2019s circumstances and potential for success.<\/p>\n

Silverman\u2019s gift serves as the lead and inaugural donation for a planned centennial campaign \u2014 details of which will be announced at a later date \u2014 that will benefit student scholarships on the Jersey City campus following the merger of NJCU with Kean University<\/a> in Summer 2026.<\/p>\n

Silverman, who served on the NJCU Foundation Board of Directors from 2012 to 2022, cited President\u00a0Andr\u00e9s Acebo<\/a>\u2018s investiture\u00a0ceremony in September 2025<\/a>\u00a0as the catalyst for re-engaging with the university after stepping back from active involvement in recent years.<\/p>\n

\u201cHe approached it not as a ceremony, but as a tribute to this community,\u201d Silverman said. \u201cBeing there rekindled something in me: a belief in NJCU, in its purpose, and in the people it exists to uplift. Like many, I had stepped back after losing faith in the university\u2019s previous direction. But that moment, shaped by President Acebo\u2019s conviction, passion, and deep commitment to our students, called me back with clarity and renewed purpose.\u201d<\/p>\n

Silverman emphasized that NJCU\u2019s mission and student population make philanthropic support particularly impactful.<\/p>\n

\u201cNJCU serves a population where this scholarship is really going to make a difference in the life of a student,\u201d he said. \u201cRather than donating to a huge university with billions of dollars, you can really make a difference in the lives of students from our community every year.\u201d<\/p>\n

President Acebo\u00a0celebrated the gift, saying \u201cPaul Silverman and his family\u2019s generous commitment to our students demonstrates their profound understanding that education is the foundation upon which strong communities are built. As someone who has literally shaped the skyline and neighborhoods of Jersey City, Paul recognizes that investing in our students is the most important investment we can make in our community\u2019s future.\u201d<\/p>\n

The establishment of the Silverman Family Scholarship continues Paul Silverman\u2019s long history of supporting education and community development in Hudson County. As co-founder with his brother Eric of the prominent real estate development firm SILVERMAN, he has played a pivotal role in revitalizing Jersey City\u2019s downtown<\/a> and waterfront districts since 1981. Under their leadership, SILVERMAN has developed more than 1,000 residences and hundreds of thousands of square feet of commercial and industrial space.<\/p>\n

Beyond his business achievements, Silverman has been a consistent advocate for public education and community development. He has supported numerous Hudson County nonprofits. He serves as a Trustee Emeritus at Muhlenberg College in Allentown, Pa., and sits on the board of the Hudson County Chamber of Commerce. He is also co-founder of the Youth Foundation of Jersey City and supports organizations including CitySail, New City Kids, Art House Productions, and Team Wilderness.<\/p>\n

Silverman also maintains a long-standing relationship with Hudson County Community College, where he recently established the Silverman Family Scholarship Fund with a $25,000 endowment to the HCCC Foundation.<\/p>\n

The Silverman Family Scholarship will be awarded beginning in the upcoming academic year, with the endowment\u2019s investment returns providing ongoing support for NJCU students in perpetuity.<\/p>\n","protected":false},"excerpt":{"rendered":"New Jersey City University (NJCU)\u00a0announced April 2 that real estate developer and philanthropist\u00a0Paul Silverman\u00a0has established the Silverman Family…\n","protected":false},"author":2,"featured_media":186894,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[74940,73027,75,84,83,40546,9,24,73028,63,74941],"class_list":{"0":"post-186893","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-andres-acebo","9":"tag-kean-university","10":"tag-manhattan","11":"tag-manhattan-headlines","12":"tag-manhattan-news","13":"tag-new-jersey-city-university","14":"tag-new-york","15":"tag-new-york-city","16":"tag-njcu","17":"tag-nyc","18":"tag-paul-silverman"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/186893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=186893"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/186893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/186894"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=186893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=186893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=186893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}