Private foundation · EIN 22-2175290 · Newark, New Jersey · Philanthropy & grantmaking

Prudential Foundation Inc

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2025 Form 990-PF: 141 grants paid, $41M total, median $200K. 35% of grants stayed in New Jersey.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2025
141
$41M
Median grant
$200K
Stays in NJ
35%
of grants
Deadline
—
Assets
$77M

Grants paid in 2025

Top 60 of 141 grants by amount · from Form 990-PF Part XV

RecipientPurposeAmount
American Online Giving FoundationNewark, DEBenevity invoice matching gifts & volunteer rewards program$3.8M
Nonprofit Finance FundNew York, NYTo support nonprofit finance fund's efforts to strengthen the financial sustainability and impact of newark's community development corpora…$2.1M
The Barack Obama FoundationChicago, ILTo sponsor a core exhibit called "a more inclusive america" at the obama presidential center.$1.3M
Newark Alliance IncNewark, NJTo support the newark alliance in galvanizing public and private stakeholders to drive inclusive economic growth and expand economic opport…$1.2M
The Aspen Institute IncWashington, DCTo expand the aspen institute's global opportunity youth network to more cities around the world in order to reach and connect one million…$1.1M
The Aspen Institute IncWashington, DCTo support the aspen institute in reimagining work, wealth and capitalism to improve the financial well-being of all workers and reduce the…$1.0M
Financial Health Network IncChicago, ILTo support the financial health network in improving the financial health of newark residents and nonprofit workers through research and st…$800K
Kindred FuturesAtlanta, GATo support kindred futures in advancing economic opportunity and asset ownership in the american south.$700K
United States Fund for UNICEFNew York, NYTo support unicef's efforts to provide disaster response, preparedness, and mitigation services for vulnerable communities and families acr…$670K
New Jersey Performing Arts Center CorporationNewark, NJTo advance njpac's strategic priorities to be a premier urban presenter of arts and entertainment and a catalyst for economic development i…$665K
Project EquityOakland, CATo support project equity in expanding access to employee ownership, which helps build wealth and improve job quality for workers.$600K
Youthbuild Newark Doing Business As Newark Opportunity Youth NetworkNewark, NJTo strengthen the newark opportunity youth network's capacity to serve more opportunity youth, develop an advocacy agenda and increase the…$600K
The Barack Obama FoundationChicago, ILTo support the my brothers keeper alliance (mbka), a program of the barack obama foundation, in advancing solutions to improve the life out…$575K
Greater Newark Enterprises CorporationNewark, NJTo support the newark small business ecosystem through capital access, technical assistance, and sales advisory services with a focus on do…$550K
Center for Community Self-HelpDurham, NCTo support self-help credit union to enhance its efforts to increase access to affordable and sustainable homeownership among low-income an…$500K
Community Foundation of New JerseyMorristown, NJTo support the community foundation of new jersey in managing the capacity strengthening fund to enhance the resilience and impact of nonpr…$500K
Community Foundation of New JerseyMorristown, NJTo support the community foundation of new jersey in managing the 2026 prudential community grants program that provides microgrants to loc…$500K
Community Foundation of New JerseyMorristown, NJTo provide general operating support to community-based organizations in newark, in lieu of event sponsorship. the objective is to support…$500K
Georgia Resilience and Opportunity Fund IncAtlanta, GATo support the georgia resilience and opportunity fund to launch an accelerated baby bonds pilot program.$500K
Living Cities Inc the National Community Development InitiativeWashington, DCTo support living cities in advancing inclusive wealth-building strategies through shared ownership models, cross-sector collaboration, and…$500K
Tragedy Assistance Program for SurvivorsArlington, VATo support the tragedy assistance program for survivors in assisting people grieving the death of a military or veteran loved one.$500K
UnidosusWashington, DCTo support unidosus in expanding latino homeownership through culturally relevant financial services and policy advocacy that combats econo…$500K
United Way of Essex and West HudsonNewark, NJTo launch the newark nonprofit worker wealth project, providing nonprofit workers in newark, nj, with investment accounts and financial edu…$500K
Transform Finance IncNew York, NYTo support transform finance in building out the field of community-owned real estate by connecting local leaders and organizations to shar…$475K
Common FutureSan Francisco, CATo support common future in deepening its investments in community-rooted lending models, strengthening local policy and ownership infrastr…$450K
Invest Newark a Nj Nonprofit CorporationNewark, NJTo support restaurants in newark, with an emphasis downtown, in building resilient businesses through custom training and the promotion of…$450K
Detroit Development FundDetroit, MITo support detroit development fund's entrepreneurs of color fund project to provide technical assistance and access to capital to entrepre…$400K
MypathSan Francisco, CATo support mypath in scaling its youth financial capability partnerships and improve the financial well-being of opportunity youth. this is…$400K
New Jersey Institute for Social Justice IncNewark, NJTo support njisj's policy and advocacy efforts to advance economic justice, criminal justice reform, and democracy and justice in new jerse…$400K
Newark Performing Arts CorporationNewark, NJTo support newark symphony hall in driving economic growth in newark by strengthening its infrastructure, providing quality arts education…$400K
Roc USA LLCConcord, NHTo support roc usa in building wealth for residents of manufactured housing communities by expanding community ownership opportunities.$400K
The Workers LabOakland, CATo support the workers labs investment in worker-centered insights and innovations that expand access to ownership and wealth-building oppo…$400K
National Fund for Workforce SolutionsWashington, DCTo support the national fund for workforce solutions to help it connect more workers to quality jobs and achieve financial resiliency.$379K
National Disability Institute IncWashington, DCTo support the national disability institute in raising awareness of and promoting the use of able accounts, empowering individuals with di…$350K
Newark Museum AssociationNewark, NJTo support the newark museum of art's efforts as an anchor institution in the city that engages diverse audiences and underrepresented crea…$350K
Ownership Works IncNew York, NYTo support ownership works' expansion to japan to reach more investors, companies, and corporate actors who will endorse, support, and grow…$350K
Renaissance Philanthropy FundWashington, DCTo support and seed renaissance philanthropys housing innovation, supply, & affordability fund, which will back new ideas and early-stage v…$350K
Social Finance IncBoston, MATo support social finance to expand its impact first investments practice, which will increase and expand homeownership and employee owners…$350K
Youthbuild Global IncRoxbury, MATo strengthen youthbuild usa's international footprint and establish a global standard for high-quality youth training and development prog…$350K
Community Foundation of New JerseyMorristown, NJTo strengthen nonprofits capacity to address urgent community needs and adapt to emerging economic and social challenges.$342K
Bme NetworksHollywood, FLTo support bmes efforts to strengthen the leadership capacities of newark and national nonprofit leaders.$340K
Newark Arts CouncilNewark, NJTo support newark arts council in its role as a key intermediary in newark's arts and culture sector.$325K
BrazilfoundationNew York, NYTo support the brazil foundation in managing local organizations to connect opportunity youth with quality training and employment pathways…$300K
Caring for Military Families the Elizabeth Dole FoundationWashington, DCTo support the improvement and expansion of the elizabeth dole foundations economic mobility programming for military and veteran caregiver…$300K
Democracy at Work InstituteSan Diego, CATo support the democracy at work institute in enhancing ownership culture and job quality in apis & heritage legacy fund portfolio companie…$300K
Grounded Solutions NetworkOakland, CATo support grounded solutions network in scaling shared equity homeownership models, which create affordable and accessible pathways to hom…$300K
Prosperity NowWashington, DCTo support prosperity now to accelerate its programming and impact in los angeles, where it is leading a coalition of cdfis, housing counse…$300K
Rising Tide Capital IncJersey City, NJTo support rising tide capitals high-impact entrepreneurship programs throughout new jersey, focusing on strengthening community-based part…$300K
Up for Growth National CoalitionWashington, DCTo support up for growth in advancing policies that increase housing supply and affordability, making homeownership more attainable for mor…$300K
Youthbuild Global IncRoxbury, MATo support the youthbuild-pgim-real estate partnership to drive business and social impact for students, employees, clients and developer p…$300K
Local Initiatives Support CorporationNew York, NYTo support lisc in providing predevelopment loans, technical assistance and coaching to emerging developers in newark.$275K
American National Red CrossWashington, DCTo support the american red cross disaster responder program which allows the organization to immediately respond to disasters across the u…$250K
Braven IncorporatedChicago, ILTo support braven in enhancing the economic mobility and social capital of first-generation, low-income college students at rutgers univers…$250K
Coordinated Assistance NetworkCrystal River, FLTo support the coordinated assistance network (can) to finalize, accredit, and roll out the certified military financial professional (cmfp…$250K
Lafayette Square Foundation IncDistrict of Columbia, DCTo support lafayette square institute in advancing inclusive ownership models, such as employee ownership and tenant equity, through enhanc…$250K
Metro Detroit Black Chamber of Commerce FoundationDetroit, MITo provide capacity building support to michigan black business alliance (mbba) to strengthen its organizational capacity to increase susta…$250K
National Association for Latino Community Asset BuildersSan Antonio, TXTo support nalcab's work in increasing homeownership and commercial property ownership in communities with large latino populations.$250K
Newark Community Street TeamNewark, NJTo support the newark community street team's multi-pronged community-based violence reduction strategy in newark with a focus on crime pre…$250K
Ownership Works IncNew York, NYTo support ownership works in expanding and scaling broad-based employee ownership models, particularly for lower-wage workers and people o…$250K
Per Scholas IncBronx, NYTo support per scholas' newark site in providing holistic tuition-free technology training and career opportunities that expands access to…$250K

By state: New Jersey 50 · District of Columbia 20 · New York 23 · Delaware 1 · Illinois 6 · California 11

About this foundation

Prudential Foundation Inc is a private grantmaking foundation in Newark, New Jersey, administered in care of Shane Harris, tax-exempt since 1977. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Prudential Foundation Inc accept grant applications?

No. On its 2025 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Prudential Foundation Inc give each year?

In tax year 2025 it paid $41M across 141 grants, a median of $200K.

Where does Prudential Foundation Inc give?

New Jersey (50 grants), District of Columbia (20 grants), New York (23 grants) and elsewhere, per its latest filing.

More foundations near Newark that accept applications

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Geraldine R Dodge Foundation Incorporatedsince 1975 Newark, NJ $11M193 grants · 2024 $25KYes $349M
Horizon Charitable Foundation Incsince 2005 Newark, NJ $3.0M1 grants · 2025 $3.0MYes $90M
Wight Foundationsince 1987 Newark, NJ $426K120 grants · 2024 $562Yes $11M
Nicholas Martini Foundationsince 1986 Newark, NJ $814K87 grants · 2024 $3,000Yes $11M
Charles Edison Fundsince 1952 Newark, NJ $934K1 grants · 2025 $934KYes $11M
Panasonic Foundation Incsince 1985 Newark, NJ $491K5 grants · 2024 $55KYes $9.4M
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