Prudential Foundation
Category: International
DescriptionThe Foundation is the philanthropic arm of the insurance Company. The Foundation’s mission is to promote strong communities and improve social outcomes for residents in the places where we work and live. To achieve this mission, the Foundation focuses its grantmaking strategically. Grants are awarded for economic development initiatives, education, and arts and culture. The Foundation believes that it can make positive differences for its communities by investing in quality education for young people, creating strong local economies and vibrant arts communities, and by supporting marginalized adults in attaining economic security. Grantmaking is guided by these values: long-term grant investments that yield tangible results and investing in leadership and collaboration to promote, replicate, and integrate evidence-based practices. Vulnerable populations are the Foundation’s highest priority especially disadvantaged youth. Economic development grants seek to enhance the vitality of communities by improving the capability of people to earn income and attain, preserve, and grow financial assets. Through these grants, the Foundation also believes that strong communities leverage and build on community assets such as parks, schools, educational, medical or cultural institutions and transit networks, to bring needed resources and/or services to the community. Education grants seek to transform the public education system to dramatically improve the long-term social and economic outcomes for all children. Arts and culture grants strive to support arts and culture that contribute to the local economy and provide diverse opportunities for individuals to experience and participate in the arts. The Foundation makes four types of grants: program support, capacity building and planning, general operating support, and systems change. Grantmaking is targeted toward the following locations: Newark, NJ; Hartford, CT; Philadelphia, New York City, Chicago, Los Angeles; Minneapolis, Phoenix, Dallas and Houston, Dubuque, IA; Jacksonville, FL; Scranton, PA; New Orleans. Grants are also awarded internationally to address shared community goals in Brazil, India, Japan, Korea, Mexico, and Taiwan. Additional information can be found on the Web site.
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