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Prudential Foundation Inc. is a private corporation based in NEWARK, NJ. The foundation received its IRS ruling in 1977. The principal officer is % Shane Harris. It holds total assets of $71.4M. Annual income is reported at $73M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Prudential Foundation Inc. has made 291 grants totaling $88.5M, with a median grant of $175K. The foundation has distributed between $43.3M and $45.2M annually from 2022 to 2023. Individual grants have ranged from $520 to $4.7M, with an average award of $305K. The foundation has supported 148 unique organizations. The foundation primarily supports organizations in New Jersey, District of Columbia, New York, which account for 68% of all grants. Grantmaking reaches organizations across 21 states. Contributions to this foundation are tax-deductible.
Prudential Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 291 grants. Its grantmaking reaches organizations primarily in NJ, DC, NY.
Prudential Foundation Inc. has distributed a total of $88.5M across 291 grants. The median grant size is $175K, with an average of $305K. Individual grants have ranged from $520 to $4.7M.
Prudential Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Prudential Foundation Inc. is headquartered in NEWARK, NJ. While based in NJ, the foundation distributes grants to organizations across 21 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gilbert F Casellas | TRUSTEE | $0 | $0 | $0 |
| Paul Curcio | INVESTMENT OFFICER UNTIL JUNE 2022 | $0 | $0 | $0 |
| Jason Heath | INVESTMENT OFFICER SINCE JUNE 2022 | $0 | $0 | $0 |
| Thomas Laurita | CONTROLLER | $0 | $0 | $0 |
| Shane T Harris | PRESIDENT | $0 | $0 | $0 |
Total Giving
$52.1M
Total Assets
$76.2M
Fair Market Value
$76.2M
Net Worth
$51.7M
Grants Paid
$51.6M
Contributions
$35M
Net Investment Income
$3.3M
Distribution Amount
$3.5M
Total: $38.8M
Total Grants
291
Total Giving
$88.5M
Average Grant
$305K
Median Grant
$175K
Unique Recipients
148
Most Common Grant
$150K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lift IncLIFTS VISION FOR SCALED IMPACT | Washington, DC | $500K | 2023 |
| American Online Giving Foundation IncBENEVITY INVOICE MATCHING GIFTS PROGRAM (DECEMBER 2022- NOVEMBER 2023) | Newark, DE | $4.4M | 2023 |
| Rutgers University FoundationTHE PRUDENTIAL SCHOLARS PROGRAM | New Brunswick, NJ | $1.7M | 2023 |
| The Barack Obama FoundationA MORE INCLUSIVE AMERICA MUSEUM EXHIBIT, THE OBAMA PRESIDENTIAL CENTER | Chicago, IL | $1.7M | 2023 |
| The Aspen Institute IncGLOBAL NETWORK BUILDING AND CAPACITY STRENGTHENING FOR OPPORTUNITY YOUTH |
| Nandini Mongia |
| TREASURER |
| $0 |
| $0 |
| $0 |
| Sarah S Keh | SECRETARY | $0 | $0 | $0 |
| Charles Lowrey | TRUSTEE | $0 | $0 | $0 |
| Lucien Alziari | TRUSTEE | $0 | $0 | $0 |
| Caroline Feeney | TRUSTEE | $0 | $0 | $0 |
| Sandra Pianalto | TRUSTEE | $0 | $0 | $0 |
| Peter Lighte | TRUSTEE | $0 | $0 | $0 |
| Lata Reddy | TRUSTEE & CHAIRMAN | $0 | $0 | $0 |
| Timothy Schmidt | TRUSTEE | $0 | $0 | $0 |
| Joseph Mccarthy | ASSISTANT TREASURER | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Washington, DC |
| $1.3M |
| 2023 |
| Youthbuild NewarkSCALING AND SETTING THE STAGE FOR SYSTEMS CHANGE IN NEW JERSEY | Newark, NJ | $1M | 2023 |
| Social Finance IncSCALING INNOVATIVE MODELS FOR ECONOMIC OPPORTUNITY | Boston, MA | $1M | 2023 |
| New Jersey Performing Arts Center CorporationNJPAC: ANCHORING NEWARKS NEXT CHAPTER | Newark, NJ | $942K | 2023 |
| Newark Alliance IncINCLUSIVE ECONOMIC PROSPERITY INITIATIVES | Newark, NJ | $900K | 2023 |
| MultiplierSCALING EMPLOYEE OWNERSHIP TO INCREASE RACIAL EQUITY | San Francisco, CA | $800K | 2023 |
| Youthbuild Usa IncCOORDINATING AND STRENGTHENING YOUTHBUILD USAS GLOBAL NETWORK | Roxbury, MA | $800K | 2023 |
| Nonprofit Finance FundNEWARK NONPROFIT CAPACITY ACCELERATOR 2.0 | New York, NY | $800K | 2023 |
| National Fund For Workforce SolutionsCENTERING WORKERS TO EXPAND JOB QUALITY AND PROMOTE EQUITY | Washington, DC | $800K | 2023 |
| Atlanta Wealth Building InitiativeADVANCING ENTERPRISE PROSPERITY: 1,000 BLACK BUSINESSES IN 1,000 DAYS | Atlanta, GA | $700K | 2023 |
| PolicylinkWINNING ON EQUITY IN PLACES | Oakland, CA | $700K | 2023 |
| MypathSCALING YOUTH FINANCIAL CAPABILITY WITHIN NATIONAL YOUTH-SERVING NETWORKS | San Francisco, CA | $600K | 2023 |
| Ownership Works IncESTABLISHING A NEW NORMAL FOR CORPORATE AMERICA: EXPANDING BROAD-BASED EMPLOYEE OWNERSHIP PROGRAMS AMONG INVESTORS AND PUBLIC AND PRIVATE COMPANIES | New York, NY | $500K | 2023 |
| National Organization On DisabilityNOD 3.0: ITERATING ON SUCCESS, EXPANDING OPPORTUNITY | New York, NY | $500K | 2023 |
| Tragedy Assistance Program For SurvivorsTAPS NATIONAL MILITARY SURVIVOR HELPLINE | Arlington, VA | $500K | 2023 |
| The Community Foundation For Greater Atlanta IncATLANTA SMALL BUSINESS AND COMMUNITY GRANT INITIATIVE | Atlanta, GA | $500K | 2023 |
| New Jersey Institute For Social Justice IncBUILDING AN EQUITABLE NEW JERSEY | Newark, NJ | $500K | 2023 |
| Center For Land Reform IncEXPANDING EQUITABLE OWNERSHIP OPPORTUNITIES AT THE NEWARK LAND BANK | Flint, MI | $500K | 2023 |
| Workers LabINNOVATION AND INVESTMENTS IN SERVICE OF WORKERS | Oakland, CA | $500K | 2023 |
| Community Foundation For Southeast MichiganEXPANDING ECONOMIC OPPORTUNITY IN DETROIT | Detroit, MI | $500K | 2023 |
| National Disability Institute IncREALIZING THE PROMISE OF THE ABLE ACT: FINANCIAL HEALTH FOR PEOPLE AND FAMILIES WITH DISABILITIES | Washington, DC | $500K | 2023 |
| Community Foundation Of New JerseyPRUDENTIAL COMMUNITY GRANTS PROGRAM | Morristown, NJ | $500K | 2023 |
| Greater Newark Enterprises CorporationORGANIZATIONAL CAPACITY BUILDING | Newark, NJ | $470K | 2023 |
| Detroit Development FundENTREPRENEURS OF COLOR FUND PROJECT | Detroit, MI | $450K | 2023 |
| United Negro College Fund IncADVANCING CAPACITY BUILDING EFFORTS FOR HBCUS | Washington, DC | $400K | 2023 |
| Brazil FoundationSUPPORTING VULNERABLE YOUTH TO ACCESS THE FORMAL JOB MARKET AND SUCCESSFUL ENTREPRENEURIAL ENDEAVORS | New York, NY | $400K | 2023 |
| Common FutureGENERAL OPERATING SUPPORT | Oakland, CA | $400K | 2023 |
| Washington UniversityRETIREMENT WITH DIGNITY: CHALLENGES AND OPPORTUNITIES FOR THE SECURE 2.0 ACT | St Louis, MO | $350K | 2023 |
| Newark Museum AssociationDRIVING EQUITY AND GROWTH | Newark, NJ | $350K | 2023 |
| Newark Arts CouncilEQUITABLE CULTURAL EMPOWERMENT FOR NEWARKS RECOVERY, VIBRANCY AND WELL-BEING | Newark, NJ | $338K | 2023 |
| Per Scholas IncPER SCHOLAS NEWARK IT JOB TRAINING | Bronx, NY | $335K | 2023 |
| Georgia Resilience And Opportunity Fund IncSEED CAPITAL FOR LIFE - A BABY BONDS PILOT PROGRAM | Atlanta, GA | $300K | 2023 |
| Metro Detroit Black Chamber Of Commerce FoundationMETRO DETROIT BLACK BUSINESS ALLIANCE PROGRAM AND BLACK WEALTH TOURS | Detroit, MI | $300K | 2023 |
| South Ward AllianceSOUTH WARD PROMISE ECONOMIC MOBILITY | Newark, NJ | $300K | 2023 |
| Local Initiatives Support CorporationHOUSING DEVELOPMENT TRAINING INSTITUTE(HDTI) - COACHING TO RESULTS | New York, NY | $300K | 2023 |
| Rutgers The State University Of NjNEWARK PUBLIC SAFETY COLLABORATIVE (NPSC) | Piscataway, NJ | $300K | 2023 |
| Roc Usa LlcWEALTH-BUILDING THROUGH RESIDENT OWNERSHIP | Concord, NH | $300K | 2023 |
| Rising Tide Capital IncSMALL BUSINESS RESILIENCE, RECOVERY AND GROWTH INITIATIVE | Jersey City, NJ | $300K | 2023 |
| Newark Performing Arts CorporationNEWARK SYMPHONY HALL PROGRAMMING REVITALIZATION | Newark, NJ | $300K | 2023 |
| Grounded Solutions NetworkLASTING HOUSING AFFORDABILITY FOR BLACK WEALTH CREATION | Oakland, CA | $300K | 2023 |
| Urban InstituteADDRESSING THE RACIAL WEALTH GAP BY DEVELOPING FINANCIAL RESILIENCE IN FINANCIAL ASSETS AMID ADVERSE MACROECONOMIC SHOCKS: RESEARCH TO INFORM INNOVATIONS IN POLICY AND PRACTICE | Washington, DC | $290K | 2023 |
| Newark Community Street Team IncENHANCING PUBLIC SAFETY AND HEALTH WHILE ACCELERATING ECONOMIC GROWTH AND PROSPERITY IN THE BLACK, BROWN, AND SYSTEMS IMPACTED COMMUNITIES OF NEWARK AND NJ | Newark, NJ | $273K | 2023 |
| Didtechnology IncPROGRAMMATIC SUPPORT | New York, NY | $265K | 2023 |
| Braven IncorporatedACCELERATING ECONOMIC MOBILITY FOR RUTGERS-NEWARK COLLEGE STUDENTS THROUGH BRAVEN AUTO-ENROLLMENT | Chicago, IL | $250K | 2023 |
| American National Red CrossDISASTER RESPONDER PARTNERSHIP | Washington, DC | $250K | 2023 |
| Coordinated Assistance NetworkMISSION FINANCIAL FREEDOM: A VETERAN JOURNEY TO WEALTH BUILDING | Crystal River, FL | $250K | 2023 |
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