Prudential & the African American Community
Prudential has a long-standing commitment to diversity and the African American community. We strongly believe that talent comes in every color, gender, origin, religion, sexual orientation, and physical capability imaginable. For this reason, we actively seek out employees, vendors, and business associates from a deep and diverse pool of accomplished professionals eager to build on Prudential's respected name in the financial services industry.
Family, faith, and community lie at the heart of financial goals of many African Americans. Reflecting both our commitment to diversity and to increasing the dialogue about how to best serve the needs of America's growing multicultural markets, Prudential Financial supports organizations and initiatives that help African Americans achieve financial security.
Here are just a few of them:
Internal and Employee Support
We strive to make Prudential an employer of choice through initiatives that support, inform, develop, and increase the awareness and sensitivity of our current workforce. Prudential's commitment to diversity has been recognized by a number of publications, including Working Mother, DiversityInc, Hispanic Business, BusinessWeek and Black Enterprise.
- Employee Resource Groups–Black Leadership Forum
Prudential's business resource groups support the company's diversity efforts (i.e., recruitment, retention, and multicultural marketing) through mentoring, awareness initiatives, and educational and marketing efforts. Prudential's Black Leadership Forum was launched in 2003 to enhance the professional development of Black employees at all levels through this internal network of the company's African American and other interested employees.
- Hampton University Business Case Competition
The business case competition is the highlight of Prudential's ongoing partnership with Hampton University, one of the nation's premier historically black colleges and universities. Each year, executives from Prudential's businesses develop a case study based on a realistic business challenge. Finalists are invited to Prudential's headquarters in Newark, N.J. for a full day of events, including the presentation of their strategies to a panel of senior executives. Following the presentations, the executive panel awards grand prizes to the winning team.
External Business/Community Partners
Prudential actively supports businesses and organizations focused on empowering, supporting, and developing leaders in the African American community.
We offer products and services through sales channels that are as diverse as the communities in which we operate. Our Business Diversity Outreach team connects Prudential to diverse markets by bringing our business and sales professionals into direct contact with diverse communities, including African Americans, to forge new and mutually beneficial relationships. Through these programs we showcase diversity employment and financial education opportunities.
- The National Coalition of 100 Black Women of America
A national movement that called for a leadership forum for professional Black women from the public and private sectors has resulted in a network of more than 6,000 Black women representing 25 states and the District of Columbia. The Coalition's purposes are to foster principles of equal rights and opportunities; promote the awareness of Black culture; develop the potential of the membership for effective leadership and participation in civic affairs; take action on specific issues of national and international importance; and cooperate with other persons and organizations to achieve mutual goals.
- Executive Leadership Council
The ELC is the nation's premier leadership network of the most senior African American corporate executives in Fortune 500 companies. Guided by a vision of inclusion—the leadership legacy of African-Americans in business, education, or the community—ELC's mission is to build an inclusive business leadership pipeline and to develop African-American corporate leaders, one student and one executive at a time.
- NextGen Network
NGN is a world-class professional organization that offers career and professional development, community service opportunities, and points of connectivity for African American business professionals. NGN's mission is to create a professional network and development opportunity for African American professionals, to serve as an extension of the ELC (see above) and its charitable affiliate The Executive Leadership Foundation, to provide career and professional development for future business leaders, and to offer community outreach programming and support.
- 100 Black Men of America, Inc.
100 Black Men of America, Inc. is committed to the intellectual development of youth and the economic empowerment of the African American community based on the following precepts: respect for family, spirituality, justice, and integrity. Its mission is to improve the quality of life within our communities and enhance educational and economic opportunities for all African Americans.
- Women in Ministry International
This faith-based organization has a vision to establish training centers in various cities that will gather women ministers. With the motto of "Edify, Encourage and Empower Women to Their Prophetic Destinies," WIMI's goal is to strengthen and sharpen women so that they might be a greater blessing to their pastors and local churches.
- National Association of Black Journalists
The largest organization of journalists of color in the nation, NABJ is an organization of journalists, students, and media-related professionals that provides quality programs and services to and advocates on behalf of black journalists worldwide.
- National Association of Black-Owned Broadcasters
NABOB is the first and largest trade organization representing the interests of African American owners of radio and television stations across the country. NABOB's goal is to improve and increase the opportunities for success for black and minority owners in the broadcast industry.
Prudential and its executives are leaders in Newark and the other communities in which we do business in the U.S. Prudential's leaders are actively involved in community and non-profit organizations awarding more than $25 million in grants that support education, children, and environmental initiatives each year. Prudential is proud of its support of significant initiatives related to the African American community, including funding for projects like the Martin Luther King Memorial.
- Social Investments
Prudential's social investments program provides low-interest funding to minority-owned businesses in New Jersey and other communities. Prudential's social investments initiatives have supported thousands of small businesses that would not have received funding from traditional sources.
Learn, Do, Earn
Prudential actively supports The Learn More Now, Do More Now, Earn More Later Student Achievement System, a national initiative managed by the New Jersey Chamber of Commerce Foundation. In addition to collaboration through Prudential's Community Resources, the company's Black Leadership Forum has adopted this program as part of their community service outreach. Through their participation, BLF's members work with middle and high school students to reinforce the value of education and financial literacy as the foundation for successful careers.
The Prudential Insurance Company of America, Newark, NJ