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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. Total assets have decreased from $100.2M in 2011 to $76.2M in 2023. The foundation is governed by 15 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey, District of Columbia and New York. 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.
Smallest Grant
$3K
Median Grant
$150K
Average Grant
$323K
Largest Grant
$8.7M
Based on 146 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 |
|---|---|---|---|---|
| Sandra Pianalto | TRUSTEE | $0 | $0 | N/A |
| Peter Lighte | TRUSTEE | $0 | $0 | N/A |
| Lata Reddy | TRUSTEE & CHAIRMAN | $0 | $0 | N/A |
| Timothy Schmidt | TRUSTEE | $0 | $0 | N/A |
| Joseph Mccarthy | ASSISTANT TREASURER | $0 | $0 | N/A |
| Thomas Laurita | CONTROLLER | $0 | $0 | N/A |
| Jason Heath | INVESTMENT OFFICER SINCE JUNE 2022 | $0 | $0 | N/A |
| Paul Curcio | INVESTMENT OFFICER UNTIL JUNE 2022 | $0 | $0 | N/A |
| Gilbert F Casellas | TRUSTEE | $0 | $0 | N/A |
| Shane T Harris | PRESIDENT | $0 | $0 | N/A |
| Nandini Mongia | TREASURER | $0 | $0 | N/A |
| Sarah S Keh | SECRETARY | $0 | $0 | N/A |
| Charles Lowrey | TRUSTEE | $0 | $0 | N/A |
| Lucien Alziari | TRUSTEE | $0 | $0 | N/A |
| Caroline Feeney | TRUSTEE | $0 | $0 | N/A |
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 |
|---|---|---|---|
| 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 | Washington, DC | $1.3M | 2023 |
| Social Finance IncSCALING INNOVATIVE MODELS FOR ECONOMIC OPPORTUNITY | Boston, MA | $1M | 2023 |
| Youthbuild NewarkSCALING AND SETTING THE STAGE FOR SYSTEMS CHANGE IN NEW JERSEY | Newark, NJ | $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 |
| 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 |
| MultiplierSCALING EMPLOYEE OWNERSHIP TO INCREASE RACIAL EQUITY | San Francisco, CA | $800K | 2023 |
| PolicylinkWINNING ON EQUITY IN PLACES | Oakland, CA | $700K | 2023 |
| Atlanta Wealth Building InitiativeADVANCING ENTERPRISE PROSPERITY: 1,000 BLACK BUSINESSES IN 1,000 DAYS | Atlanta, GA | $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 |
| Center For Land Reform IncEXPANDING EQUITABLE OWNERSHIP OPPORTUNITIES AT THE NEWARK LAND BANK | Flint, MI | $500K | 2023 |
| Lift IncLIFTS VISION FOR SCALED IMPACT | Washington, DC | $500K | 2023 |
| Workers LabINNOVATION AND INVESTMENTS IN SERVICE OF WORKERS | Oakland, CA | $500K | 2023 |
| National Organization On DisabilityNOD 3.0: ITERATING ON SUCCESS, EXPANDING OPPORTUNITY | New York, NY | $500K | 2023 |
| New Jersey Institute For Social Justice IncBUILDING AN EQUITABLE NEW JERSEY | Newark, NJ | $500K | 2023 |
| The Community Foundation For Greater Atlanta IncATLANTA SMALL BUSINESS AND COMMUNITY GRANT INITIATIVE | Atlanta, GA | $500K | 2023 |
| Community Foundation Of New JerseyPRUDENTIAL'S NONPROFIT CAPACITY STRENGTHENING FUND | Morristown, NJ | $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 |
| Tragedy Assistance Program For SurvivorsTAPS NATIONAL MILITARY SURVIVOR HELPLINE | Arlington, VA | $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 |
| Newark Museum AssociationDRIVING EQUITY AND GROWTH | Newark, NJ | $350K | 2023 |
| Washington UniversityRETIREMENT WITH DIGNITY: CHALLENGES AND OPPORTUNITIES FOR THE SECURE 2.0 ACT | St Louis, MO | $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 |
| 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 |
| Grounded Solutions NetworkLASTING HOUSING AFFORDABILITY FOR BLACK WEALTH CREATION | Oakland, CA | $300K | 2023 |
| Georgia Resilience And Opportunity Fund IncSEED CAPITAL FOR LIFE - A BABY BONDS PILOT PROGRAM | Atlanta, GA | $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 |
| Roc Usa LlcWEALTH-BUILDING THROUGH RESIDENT OWNERSHIP | Concord, NH | $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 |
| 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 |