Prudential Foundation Inc

Organization Overview

Prudential Foundation Inc is located in Newark, NJ. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prudential Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Prudential Foundation Inc generated $53.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $48.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Prudential Foundation Inc has awarded 5,218 individual grants totaling $424,386,940. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Prudential Trust Company
$262,657
American Online Giving Foundation Inc
$258,041
Mitchell & Titus
$55,650
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $47,312,324
Interest on Savings $5,843
Dividends & Interest $1,783,131
Net Rental Income$0
Net Gain on Sale of Assets $3,592,138
Capital Gain Net Income $3,649,615
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $422,411
Total Revenue $53,115,847

Grants Awarded

Over the last fiscal year, Prudential Foundation Inc has awarded $68,569,734 in support to 207 organizations.

Grant RecipientAmount

AMERICAN ONLINE GIVING FOUNDATION INC

Org PageRecipient Profile

Newark, DE

PURPOSE: BENEVITY INVOICE MATCHING GIFTS PROGRAM (DECEMBER 2020- NOVEMBER 2021)

$5,590,982

THE BARACK OBAMA FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: A MORE INCLUSIVE AMERICA MUSEUM EXHIBIT, THE OBAMA PRESIDENTIAL CENTER

$4,417,383

THE ASPEN INSTITUTE INC

Org PageRecipient Profile

Washington, DC

PURPOSE: THE FUTURE OF WORK AND WEALTH: SCALING SOLUTIONS FOR WORKER RESILIENCE AND RACIAL EQUITY-FOUNDATION

$2,936,907

NEW JERSEY PERFORMING ARTS CENTER CORPORATION

Org PageRecipient Profile

Newark, NJ

PURPOSE: 20TH ANNIVERSARY CAPITAL CAMPAIGN

$2,694,175

RUTGERS UNIVERSITY FOUNDATION

Org PageRecipient Profile

New Brunswick, NJ

PURPOSE: THE PRUDENTIAL SCHOLARS PROGRAM

$2,526,682

Washington, DC

PURPOSE: FINANCIAL EMPOWERMENT AND NARROWING THE WEALTH GAP

$1,850,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Prudential Foundation Inc has recieved totaling -$42,078.

Awarding OrganizationAmount
Prudential Foundation Inc

Newark, NJ

PURPOSE: GRANTS APPROVED AND PAID IN CURRENT YEAR -PRIOR YEAR ADJUSTMENT

-$1,798
Prudential Foundation Inc

Newark, NJ

PURPOSE: PAYROLL MATCHING GIFTS PAID IN CURRENT YEAR-PRIOR YEAR ADJUSTMENT

-$15,250
Prudential Foundation Inc

Newark, NJ

PURPOSE: DIRECT MATCHING GIFTS PAID IN CURRENT YEAR-PRIOR YEAR ADJUSTMENT

-$25,030
View Grant Recipient Profile

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