OVERVIEW: The Prudential Foundation invests in college readiness programs that prepare students for their careers, as well as for their postsecondary education.
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.
The foundation’s education program awards grant for public education reform, student empowerment, educator leadership, youth development, after-school programs, extended day programs, summer programs and programs addressing summer learning loss.
Grant amounts typically range from $100,000 to $300,000. Past college readiness grantees include 50Can, which received funding for its implantation of college and career ready standards and assessments; and the New Jersey Council of County Colleges, which was awarded a grant for its Center for Student Success College Readiness Now/Dual Enrollment Initiative.
While the Prudential Foundation is not currently accepting unsolicited proposals, the foundation periodically announces calls for proposals on its website.
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