The Prudential Foundation

Private foundation · EIN 22-2175290 · since 1977news.prudential.com/us-en/latest-news/prudential-news/2026/q1/Apply-Now-for-the-2026-Prudential-Community-Grants-Program·California, Delaware, District of Columbia, Ghana, Newark, New Jersey, New York·Updated 13 October 2026

At a glance

$41.3M
Annual giving, 2025 tax year
From the Form 990-PF filing
$25,000 to $515k
Grant range
From grants in the 990-PF filings
$200k
Typical grant (median)
141 grants in the latest filing
Open to applications
Fixed application deadlines · unsolicited applications welcome

Key takeaways

  • Newark is this foundation's stated priority, so a small organisation working on neighbourhood improvement or education there is the clearest fit, while its grants elsewhere do not show who may apply.
  • For a small request, the Prudential Community Grants Program offers up to $5,000 and directs applicants to the Community Foundation of New Jersey for details, and applications for the annual programme close in February.
  • Most of its grants fall between $25,000 and $515,000 and half are $150,000 or less, so a request near $150,000 sits at the middle of what the filing shows, though that band is typical rather than a ceiling.
  • In the filing, 85% of grant dollars to organisations went to groups it had already funded, so the foundation looks relationship-led and a first approach should be modest and well targeted.

Overview

The Prudential Foundation is a US private foundation based in Newark, NJ.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2025, TY2024, TY2023) and its website and other web pages about the foundation (cfnj.org), with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

The Prudential Foundation's community grants support local non-profit organisations, small businesses and individuals in Newark. The programme backs neighbourhood projects that beautify local areas, widen residents' access to opportunity and improve quality of life. Education in Newark is also a stated strategic priority. Its grant record shows support for economic opportunity and employee ownership, opportunity youth, and organisational capacity building. This combines Newark-focused community work with grants addressing wider economic and social needs.

Themes

  • Neighbourhood improvement
  • Education

Geographic Focus

Priority: Newark. From its grants, not stated by the foundation: New Jersey; District of Columbia; New York; Delaware; California; Bermuda; Ghana.

What They Don't Fund

  • Prudential Community Grants Program only: all other Prudential grantees (as reported in other published sources)

How to apply

Applicants are directed to the Community Foundation of New Jersey for application details for the Prudential Community Grants Program.

Deadlines: Applications for the annual programme close in February.

Application success factors

  • Repeat giving: In its TY2025 filing, 85% of its grant dollars to organisations went to organisations it had also funded in its TY2023 or TY2024 filing.
  • Grant size: Across its TY2023, TY2024 and TY2025 filings, half of its 459 grants to organisations were $150,000 or less.

What the foundation says:

  • The programme favours projects that beautify neighbourhoods, increase residents' access to opportunity and enhance quality of life in Newark.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2023–2025.

Grant dollars by state

New Jersey28%
District of Columbia16%
New York13%
Delaware10%
California9%
Illinois7%

6 other states: 14%

Outside the US or with no state on the filing: 4%

  • The largest single recipient received 10% of grant dollars to organisations.
  • In tax year 2025, 85% of grant dollars went to organisations The Prudential Foundation had funded in earlier filings.
  • <1% of grant dollars went directly to organisations outside the US (Bermuda, Ghana, Brazil, United Kingdom).
  • 20% of grant dollars went to intermediaries that regrant to other organisations.

Grants

141 grants in the latest filing analysed · median $200k

How much do they typically give?

Share of 141 grants in tax year 2025 by size

$5k–$10k1%
$10k–$25k2%
$25k–$50k8%
$50k–$100k18%
$100k–$250k28%
$250k–$500k27%
$500k–$1M12%
$1M and over4%

Median $200k (tax year 2025)

The largest grants to organisations in the foundation’s latest filing:

  • American Online Giving Foundation · Benevity invoice matching gifts & volunteer rewards program
    $3,847,6562025 tax year
  • Nonprofit Finance Fund · To support nonprofit finance fund's efforts to strengthen the financial sustainability and impact of newark's community development corporations.
    $2,100,0002025 tax year
  • Barack Obama Foundation · To sponsor a core exhibit called "a more inclusive america" at the obama presidential center.
    $1,300,0002025 tax year
  • Newark Alliance · 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.
    $1,200,0002025 tax year
  • Aspen Institute · 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.
    $1,100,0002025 tax year
  • Aspen Institute · 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.
    $1,000,0002025 tax year
  • Financial Health Network · To support the financial health network in improving the financial health of newark residents and nonprofit workers through research and strategic interventions.
    $800,0002025 tax year
  • Kindred Futures · To support kindred futures in advancing economic opportunity and asset ownership in the american south.
    $700,0002025 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

  • Janette Niland — Assistant Treasurer Started June 2025
  • Ann Kappler — Trustee Started June 2025
  • Andrew Sullivan — Trustee Started June 2025
  • Rob Stekson — Investment Officer
  • Michael Simonetti — Controller
  • Timothy Schmidt — Trustee
  • Lata Reddy — Trustee & Chairman
  • Sandra Pianalto — Trustee
  • Caroline Feeney — Trustee
  • Gilbert F Casellas — Trustee
  • Sarah S Keh — Secretary
  • Jonathan Francisco — Treasurer
  • Shane T Harris — President

From the latest Form 990-PF filing

3 years of tax filings

YearTotal expensesGrants paidAssetsFiling document
2023 tax year$52,090,210$43,342,135$76,187,343Filing for 2023 tax year
2024 tax year$30,786,124$40,787,267$71,396,350Filing for 2024 tax year
2025 tax year$43,244,251$41,304,940$77,044,610Filing for 2025 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.

Sources

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