OVERVIEW: The Prudential Foundation awards its theater related grants out of its arts and civic infrastructure program.
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.
Prudential awards grants to organizations promoting arts as an economic driver and quality of life matter and to support capacity building activities. This includes dance, theater, music and visual arts organizations.
Grant amounts typically range from $100,000 to $300,000. Theater organizations supported by Prudential in the past include the McCarter Theatre Company, which received a grant to support its current season; and the New Jersey Theatre alliance, which received funding for technical support and its community outreach program.
While the Prudential Foundation is not currently accepting unsolicited proposals, the foundation periodically announces calls for proposals on its website.
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