OVERVIEW: The Prudential Foundation’s arts and civic infrastructure program funds organizations that promote arts as an economic driver and quality of life issue. This includes dance, theater, music and visual arts organizations.
IP TAKE: Prudential geographically limits its grantmaking to organizations located in cities in which the company has a significant presence including Newark, New Jersey and surrounding urban areas; Chicago, Illinois; Dubuque, Iowa; Hartford, Connecticut; Houston, Texas; Dallas, Texas, Jacksonville, Florida; Los Angeles, California; Minneapolis, Minnesota; Philadelphia, Pennsylvania; Scranton, Pennsylvania, and Phoenix, Arizona.
PROFILE: Incorporated in New Jersey in 1977, the Prudential Foundation is the philanthropic arm of the financial services company, Prudential Financial. According to the foundation’s website, its “[s]trong sense of social responsibility,” guides its “[e]fforts to help people now and in future generations achieve peace of mind and a more secure future. Areas of funding interest include education, economic development, and arts and civic infrastructure.
Grant amounts typically range from $100,000 to $300,000. Dance organizations supported by Prudential in the past include the New Jersey Ballet Company, which was awarded a grant for growing its audience; and the Alvin Ailey Dance Foundation, which received a grant for its education programs taking place in Newark, New Jersey.
While the Prudential Foundation is not currently accepting unsolicited proposals, the foundation periodically announces calls for proposals on its website.
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