The Prudential Foundation invests over $25 million in grants in efforts that support the revitalization of communities each year. The Foundation also supports Prudential employees’ community engagement efforts through Matching Gifts and special programs that recognize their volunteer efforts.
To promote sustainable communities and improve social outcomes for community residents, The Prudential Foundation focuses its strategy in the following areas:
Education
- Education leadership to support reform in public education. Within this framework, the Foundation works to improve student achievement by increasing the leadership capacity of educators, parents and community residents to implement public school reform. It also funds organizations whose efforts influence policy that adapts best practices and research-based approaches to support instruction and learning in schools.
- Youth development to build skills and competencies needed for young people to be productive citizens. It includes expanding arts education opportunities, and supporting effective out-of-school-time programs for young people.
Economic Development
- Workforce development programs that train and place individuals in demand occupations.
- Business development opportunities to create and grow businesses.
- Community development with a focus on strengthening community development corporations.
Civic Infrastructure
- Arts as an economic engine and as a quality-of-life issue to ensure that residents have access to quality arts programs.
- Capacity-building activities for nonprofit organizations to ensure their sustainability and growth.
- Open spaces by preserving and creating public parks and playgrounds.
Community Focus
In 2008, The Prudential Foundation will focus its efforts in the following locations:
- Newark, NJ; and Hartford, CT. The Foundation will make significant investments through a combination of local and national partners, to improve education, and promote economic development.
- Philadelphia, PA; New York, NY; Chicago, IL; and Los Angeles, CA. In these locations, the Foundation will look for opportunities to improve education and engage in economic development efforts.
- Other cities: Dallas and Houston, TX; Dubuque, IO; Jacksonville, FL; Minneapolis, MN; Phoenix, AZ; and Scranton, PA. The Foundation will focus its efforts in education and/or economic development programs that provide opportunities for Prudential associates to be engaged.
- International: The Foundation is addressing local needs in other countries, including Mexico, Brazil, Japan, Korea, Taiwan, India and China.
In order to make a significant impact with finite resources, our funding is allocated according to specific Foundation Policies and Application Guidelines.
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