OVERVIEW: The Prudential Foundation awards immediate disaster response and relief grants, as well as those geared toward the ongoing support of international aid organizations.
IP TAKE: Overall this funder is fairly approachable, however, it tends to give modest-sized grants rather than large ones.
PROFILE: The philanthropic arm of the financial services company, the Prudential Foundation awards grants for basic human needs. This grantmaking can occur at any time, including when disaster strikes.
While the foundation awards grants for immediate disaster response, tax filings reveal that the Prudential Foundation tends to fund ongoing work by disaster relief and response organizations. As a result, the foundation's giving often goes to a variety of larger organizations.
Prudential awards several grants in the $100,000 to $300,000 range, but those typically support domestic priorities. Many other grants range from a few hundred to several thousand dollars, suggesting a desire to support more organizations, not just a select few.
The Prudential Foundation accepts unsolicited grant applications via its website and reviews submissions throughout the year. Applicants should expect a response from the foundation within about two months. Requests over $200,000 must be reviewed by its board of trustees, which meets three times a year. Also, there are times during which it does not accept unsolicited requests. Grant seekers should check the foundation’s website to remain current.
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