The Prudential Foundation
Preselected recipients only
The Prudential Foundation is a private foundation in Newark, New Jersey. In tax year 2025 it gave $42.9 million in 141 grants; the typical grant was $200,000 and the largest $3.8 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$42.9 million
- Number of grants141
- Typical grant$200,000
- Largest grant$3.8 million
- Assets$77.0 million
- New grantees30%
Giving in 2025 was up from $30.1 million the year before.
30% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $51.6 million | 140 | $76.2 million |
| 2024 | $30.1 million | 178 | $71.4 million |
| 2025 | $42.9 million | 141 | $77.0 million |
How to apply
The Prudential Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Prudential Foundation funds
Where it gives
Its US grants went to recipients in 20 states, the most to New Jersey. It also paid $110,000 in 2 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| New Jersey | 50 | $11.1 million |
| District of Columbia | 20 | $6.7 million |
| New York | 23 | $6.5 million |
| Delaware | 1 | $3.8 million |
| Illinois | 6 | $3.3 million |
| California | 11 | $3.1 million |
| Georgia | 4 | $1.5 million |
| Massachusetts | 4 | $1.1 million |
| Michigan | 3 | $890,000 |
| Virginia | 3 | $790,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation | Benevity invoice matching gifts & volunteer rewards program | $3.8 million |
| Nonprofit Finance Fund | To support nonprofit finance fund's efforts to strengthen the financial sustainability and impact of newark's community development corporations. | $2.1 million |
| The Barack Obama Foundation | To sponsor a core exhibit called "a more inclusive america" at the obama presidential center. | $1.3 million |
| Newark Alliance Inc | To support the newark alliance in galvanizing public and private stakeholders to drive inclusive economic growth and expand economic opportunities for all residents of newark. | $1.2 million |
| The Aspen Institute Inc | To expand the aspen institute's global opportunity youth network to more cities around the world in order to reach and connect one million youth to economic opportunity. | $1.1 million |
| The Aspen Institute Inc | To support the aspen institute in reimagining work, wealth and capitalism to improve the financial well-being of all workers and reduce the racial wealth gap. | $1.0 million |
| Financial Health Network Inc | To support the financial health network in improving the financial health of newark residents and nonprofit workers through research and strategic interventions. | $800,000 |
| Kindred Futures | To support kindred futures in advancing economic opportunity and asset ownership in the american south. | $700,000 |
| United States Fund for UNICEF | To support unicef's efforts to provide disaster response, preparedness, and mitigation services for vulnerable communities and families across the globe. | $670,000 |
| New Jersey Performing Arts Center Corporation | To advance njpac's strategic priorities to be a premier urban presenter of arts and entertainment and a catalyst for economic development in newark. | $665,000 |
| Project Equity | To support project equity in expanding access to employee ownership, which helps build wealth and improve job quality for workers. | $600,000 |
| Youthbuild Newark Doing Business As Newark Opportunity Youth Network | To strengthen the newark opportunity youth network's capacity to serve more opportunity youth, develop an advocacy agenda and increase the quality of services across the youth workforce system in newark | $600,000 |
| The Barack Obama Foundation | To support the my brothers keeper alliance (mbka), a program of the barack obama foundation, in advancing solutions to improve the life outcomes of boys and young men of color in the united states. | $575,000 |
| Greater Newark Enterprises Corporation | To support the newark small business ecosystem through capital access, technical assistance, and sales advisory services with a focus on downtown micro-businesses and restaurants. | $550,000 |
| Center for Community Self-Help | To support self-help credit union to enhance its efforts to increase access to affordable and sustainable homeownership among low-income and low-wealth families. | $500,000 |
| Community Foundation of New Jersey | To support the community foundation of new jersey in managing the capacity strengthening fund to enhance the resilience and impact of nonprofit organizations. | $500,000 |
| Community Foundation of New Jersey | To support the community foundation of new jersey in managing the 2026 prudential community grants program that provides microgrants to local organizations, residents, and small business owners to support grassroots projects and programs that increase vibrancy in newark. | $500,000 |
| Community Foundation of New Jersey | To provide general operating support to community-based organizations in newark, in lieu of event sponsorship. The objective is to support strategic community partners by strengthening their capacity to delivery vital services and programs that address the needs of the local community. | $500,000 |
| Georgia Resilience and Opportunity Fund Inc | To support the georgia resilience and opportunity fund to launch an accelerated baby bonds pilot program. | $500,000 |
| Living Cities Inc the National Community Development Initiative | To support living cities in advancing inclusive wealth-building strategies through shared ownership models, cross-sector collaboration, and systems change initiatives, with a focus on newark. | $500,000 |
| Tragedy Assistance Program for Survivors | To support the tragedy assistance program for survivors in assisting people grieving the death of a military or veteran loved one. | $500,000 |
| Unidosus | To support unidosus in expanding latino homeownership through culturally relevant financial services and policy advocacy that combats economic inequities | $500,000 |
| United Way of Essex and West Hudson | To launch the newark nonprofit worker wealth project, providing nonprofit workers in newark, nj, with investment accounts and financial education through stackwell to foster long-term wealth-building and financial stability | $500,000 |
| Transform Finance Inc | To support transform finance in building out the field of community-owned real estate by connecting local leaders and organizations to share knowledge and create collaborative strategies. | $475,000 |
| Common Future | To support common future in deepening its investments in community-rooted lending models, strengthening local policy and ownership infrastructure, and expanding narrative strategies that shift public mindsets around economic opportunity. | $450,000 |
| Invest Newark A NJ Nonprofit Corporation | To support restaurants in newark, with an emphasis downtown, in building resilient businesses through custom training and the promotion of local restaurants to newark offices and institutions. This grant will also assist the newark land bank in creating opportunities for homeowners and local minority contractors and enhance newark neighborhoods by converting neglected areas into productive use. | $450,000 |
| Detroit Development Fund | To support detroit development fund's entrepreneurs of color fund project to provide technical assistance and access to capital to entrepreneurs in detroit. | $400,000 |
| Mypath | To support mypath in scaling its youth financial capability partnerships and improve the financial well-being of opportunity youth. This is an exit grant. | $400,000 |
| New Jersey Institute for Social Justice Inc | To support njisj's policy and advocacy efforts to advance economic justice, criminal justice reform, and democracy and justice in new jersey. | $400,000 |
| Newark Performing Arts Corporation | To support newark symphony hall in driving economic growth in newark by strengthening its infrastructure, providing quality arts education programming, and supporting artists of color. | $400,000 |
| Roc USA LLC | To support roc USA in building wealth for residents of manufactured housing communities by expanding community ownership opportunities. | $400,000 |
| The Workers Lab | To support the workers labs investment in worker-centered insights and innovations that expand access to ownership and wealth-building opportunities for all workers. | $400,000 |
| National Fund for Workforce Solutions | To support the national fund for workforce solutions to help it connect more workers to quality jobs and achieve financial resiliency. | $379,421 |
| National Disability Institute Inc | To support the national disability institute in raising awareness of and promoting the use of able accounts, empowering individuals with disabilities to build wealth. | $350,000 |
| Newark Museum Association | To support the newark museum of art's efforts as an anchor institution in the city that engages diverse audiences and underrepresented creative voices to showcase newark as an epicenter for commerce and culture. | $350,000 |
| Ownership Works Inc | To support ownership works' expansion to japan to reach more investors, companies, and corporate actors who will endorse, support, and grow employee ownership outside of the us. | $350,000 |
| Renaissance Philanthropy Fund | To support and seed renaissance philanthropys housing innovation, supply, & affordability fund, which will back new ideas and early-stage ventures to make housing more affordable and easier to build across the u.s. | $350,000 |
| Social Finance Inc | To support social finance to expand its impact first investments practice, which will increase and expand homeownership and employee ownership programs in the us. | $350,000 |
| Youthbuild Global Inc | To strengthen youthbuild USA's international footprint and establish a global standard for high-quality youth training and development programs. | $350,000 |
| Community Foundation of New Jersey | To strengthen nonprofits capacity to address urgent community needs and adapt to emerging economic and social challenges. | $342,000 |
Officers and trustees
- Shane T Harris
- Jonathan Francisco
- Sarah S Keh
- Charles Lowrey
- Lucien Alziari
- Gilbert F Casellas
- Caroline Feeney
- Sandra Pianalto
- Lata Reddy
- Timothy Schmidt
- Joseph McCarthy
- Michael Simonetti
- Rob Stekson
- Andrew Sullivan
- Ann Kappler
Questions people ask
Does The Prudential Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Prudential Foundation give?
$42.9 million in tax year 2025, across 141 grants, with a typical grant of $200,000.
Who runs The Prudential Foundation?
Its 2025 filing lists Shane T Harris (President), Jonathan Francisco (Treasurer), Sarah S Keh (Secretary) and Charles Lowrey (Trustee Until June 2025) among 15 officers and trustees.
What does The Prudential Foundation fund?
Based on its grants, mainly community development, youth programs and education.