
The Prudential Financial Foundation is a force to be reckoned with, making a real difference in the lives of families and communities across the country. They've been doing this for over 90 years, with a focus on empowering people to thrive.
One of the ways they do this is by supporting education and workforce development initiatives. The foundation has invested millions of dollars in programs that help people gain the skills they need to succeed in the workforce. This has a direct impact on communities, as more people are able to find stable employment and support their families.
The Prudential Financial Foundation also prioritizes community development, recognizing that strong, vibrant communities are essential for long-term prosperity. They've worked with local organizations to support initiatives that improve housing, healthcare, and economic opportunities for low-income families.
Financial Support
Financial Support is a crucial aspect of achieving financial security. One-third of Latinos are struggling to save and invest due to immediate expenses.
The Prudential Foundation is working to address this issue through its grant to the UnidosUS Financial Access and Retirement Security Project. This project aims to help Latinos achieve financial security.
Latinos face unique financial challenges, and it's essential to address these disparities. The Prudential Foundation's efforts are a step in the right direction.
By supporting initiatives like the UnidosUS Financial Access and Retirement Security Project, the Prudential Foundation is making a positive impact on the lives of many.
Community Focus
Prudential Financial Foundation is dedicated to supporting diverse communities, particularly those of color, in Newark, New Jersey. They've partnered with UnidosUS to launch the Financial Access and Retirement Security Project, aiming to help Latinos and other underserved groups manage their finances and achieve financial security.
The foundation has also launched a $1.2 million initiative with the Nonprofit Finance Fund to support local nonprofit intermediaries in Newark. These organizations play a crucial role in connecting donors to nonprofits, and the accelerator program provides grants, tailored consultations, and educational opportunities to help them grow and thrive.
Some of the organizations participating in the accelerator include Newark Alliance, Newark Arts, and Newark Thrives (United Way of Greater Newark). The program is designed to support nonprofits that are essential to Newark's economic and social wellbeing.
Here are some of the organizations participating in the accelerator:
- Newark Alliance
- Newark Arts
- Newark City of Learning Collaborative
- Newark Opportunity Youth Network
- Newark Public Safety Collaborative
- Newark Thrives (United Way of Greater Newark)
- The Newark Trust for Education
Prudential Financial Foundation is committed to supporting the goals and aspirations of nonprofits in Newark, and their community outreach has a long history of supporting local organizations.
Opportunities and Impact
Prudential Financial Foundation is committed to helping young people find pathways to meaningful employment. Through its partnership with YouthBuild, the foundation is supporting opportunity youth, ages 16 to 24, who are not employed or in school.
YouthBuild is a program that teaches construction skills to help these young people find quality jobs. Prudential is one of the largest corporate supporters of YouthBuild.
By leveraging PGIM's global partner network, Prudential is able to support and train YouthBuild graduates. This helps place them in quality jobs.
Frequently Asked Questions
Who is taking over Prudential?
Empower acquired the retirement business of Prudential as of April 1, 2022. Click HERE for more information about this acquisition.
Is my money safe with Prudential?
Your Prudential PruFund funds are 100% protected if Prudential Assurance Company (PACL) is in default. However, it's essential to understand the specifics of FSCS protection to ensure your money is fully secure
Sources
- https://www.prudential.com/links/about/corporate-social-responsibility/corporate-giving
- https://www.insidephilanthropy.com/find-a-grant/grants-p/prudential-foundation-and-corporate-giving
- https://thenewarktimes.com/66-community-projects-in-newark-awarded-grants-by-prudential-financial/
- https://www.whywelift.org/the-prudential-foundation-lifts-families/
- https://njbiz.com/tag/prudential-foundation/
Featured Images: pexels.com