The Prudential Foundation Board Approves $2.9 Million in Grants to Nonprofits

In addition to these major grants, The Prudential Foundation also recently approved 189 other grants, totaling $5.7 million for the months of September through December 2008.

About The Prudential Foundation
Founded in 1977, The Prudential Foundation is a not-for-profit corporation supported by The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE:PRU). In order to promote sustainable communities and improve social outcomes for community residents, The Prudential Foundation focuses its grant making strategy in the areas of education, economic development and arts and civic infrastructure. In 2008, The Prudential Foundation made a total of 302 grants totaling $15 million in support of this strategy. In addition, the Foundation also supports the community engagement efforts of Prudential employees through Matching Gifts and other special programs that recognize their volunteer efforts. In 2008, the Foundation supported these employee efforts with $7 million.