Dept./ Agency: Office of the Mayor Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Memorandum of Understanding Purpose: To serve as the Fiscal Sponsor for the City of Newark in regards to the Guaranteed Income Pilot Program. Entity Name: Community Foundation of New Jersey Entity Address: Morristown, New Jersey 07960 Contract Period: September 1, 2020 through December 31, 2024 or until the Guaranteed Income Pilot Program is complete, whichever comes first Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale () Grant ( ) Sub-recipient (X ) n/a Additional Information: This Memorandum of Understanding (MOU) is related to Legistar File ID #21-0363 and both items shall be introduced together.