Business & Tech

CEO In New Jersey Donates 10,000 Shares Of Stock To Millburn Nonprofit

The founder of a NJ company is donating thousands of shares to a nonprofit in Essex County that supports people with brain injuries.

The Opportunity Project Clubhouse is a program created by and for adults with brain injuries who are seeking the next step in their journey of recovery.
The Opportunity Project Clubhouse is a program created by and for adults with brain injuries who are seeking the next step in their journey of recovery. (Opportunity Project Clubhouse)

MILLBURN, NJ — The founder of a Somerset County company is donating thousands of shares of stock to a nonprofit in Essex County that supports people with brain injuries.

Opportunity Project in Millburn recently announced that Tevogen founder and CEO Ryan Saadi is donating 10,000 of his personal shares of common stock to help with the nonprofit’s mission.

Tevogen, a clinical-stage specialty immunotherapy company, is headquartered in Warren. The donation was conducted in accordance with SEC Rule 144 and Saadi will not receive any proceeds from the disposal of the securities, the company stated.

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“This donation is a small way to express my admiration for Opportunity Project’s work and its impact on so many lives,” Saadi said.

“As a fellow New Jersey organization, we share a deep commitment to supporting our community and advancing human potential,” Saadi added.

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For more than 30 years, the nonprofit has provided adults who have sustained a brain injury with opportunities to build cognitive skills, vocational skills and confidence in their ability to accomplish personal goals and lead fulfilling lives. It also leads regional and national awareness initiatives for communities, schools and corporations.

In 2019, Opportunity Project announced a partnership with Children’s Specialized Hospital, an RWJBarnabas Health facility.

Saadi’s donation will aid programs including occupational therapy, nutrition and wellness, mental health workshops, member-to-member mentoring and a caregivers’ group that provides support to members and their families.

“We are deeply grateful for the generosity of Dr. Ryan Saadi,” said Kerri Berson Levine, chair of the Opportunity Project’s Board of Trustees.

“Contributions like this help ensure the ongoing success of Opportunity Project and our innovative Clubhouse program while guaranteeing that no individual with a brain injury is ever turned away due to an inability to pay,” Levine said.

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