Both foundations' donations represent a significant increase from last year's funding.
The orchestra's announcement follows last week's news that the New Jersey state government's 2006 budget would contain $1 million in funding for the orchestra's education program for at-risk youth.
Victor Parsonnet, NJSO's board chairman, said, "The mood is up. We're not going to celebrate yet, though. We will now have a musicians' contract to enter into negotiations for and a new year to plan."