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Filing year 2024

THE PRUDENTIAL FOUNDATION

Newark, New Jersey·EIN 22-2175290·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$35.3M
Total assets
$71.4M
Total expenses
$30.8M
Reported officers
16

Reported officers (all unpaid)

No paid executives reported in 2024. THE PRUDENTIAL FOUNDATION reported 16 unpaid officers and board members on its 990-PF.

President
Treasurer Until Feb. 2024
Treasurer Started in Feb 2024
Secretary
Assistant Treasurer
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee & Chairman
Trustee
Investment Officer Until June 2024
Investment Off. Started in Aug. 2024
Controller Until May 2024
Controller Started in June 2024

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$40.8M

Itemized grants

178

Median grant

$125k

RecipientLocationPurposeAmount
AMERICAN ONLINE GIVING FOUNDATION INCNEWARK, DEBENEVITY INVOICE MATCHING GIFTS & VOLUNTEER REWARDS PROGRAM (DECEMBER 2023- NOVEMBER 2024)$4M
POLICYLINKOAKLAND, CAWINNING ON EQUITY IN PLACES$1.1M
THE ASPEN INSTITUTE INCWASHINGTON, DCGLOBAL NETWORK BUILDING AND CAPACITY STRENGTHENING FOR OPPORTUNITY YOUTH$1.1M
THE BARACK OBAMA FOUNDATIONCHICAGO, ILA MORE INCLUSIVE AMERICA MUSEUM EXHIBIT, THE OBAMA PRESIDENTIAL CENTER$1M
INCLUSIV INCNEW YORK, NYTRANSFORMING ACCESS TO IMPACT HOMEOWNERSHIP$1M
SOCIAL FINANCE INCBOSTON, MASCALING INNOVATIVE MODELS FOR ECONOMIC OPPORTUNITY$1M
UNIDOSUSWASHINGTON, DCNARROWING THE WEALTH GAP THROUGH HOMEOWNERSHIP$1M
NATIONAL FUND FOR WORKFORCE SOLUTIONSWASHINGTON, DCCENTERING WORKERS TO EXPAND JOB QUALITY AND PROMOTE EQUITY$821k
NEWARK ALLIANCE INCNEWARK, NJINCLUSIVE ECONOMIC PROSPERITY INITIATIVES$800k
YOUTHBUILD NEWARKNEWARK, NJSCALING AND SETTING THE STAGE FOR SYSTEMS CHANGE IN NEW JERSEY$800k
THE BARACK OBAMA FOUNDATIONCHICAGO, ILMY BROTHER'S KEEPER ALLIANCE$655k
MULTIPLIERSAN FRANCISCO, CASCALING EMPLOYEE OWNERSHIP TO INCREASE RACIAL EQUITY$600k
ATLANTA WEALTH BUILDING INITIATIVE INCATLANTA, GAADVANCING ENTERPRISE PROSPERITY: 1,000 BLACK BUSINESSES IN 1,000 DAYS$580k
GREATER NEWARK ENTERPRISES CORPORATIONNEWARK, NJORGANIZATIONAL CAPACITY BUILDING$550k
NEW JERSEY PERFORMING ARTS CENTER CORPORATIONNEWARK, NJNJPAC: ANCHORING NEWARKS NEXT CHAPTER$512k
CENTER FOR COMMUNITY SELF-HELPDURHAM, NCSCALING UP FIRST GEN HOMEOWNERSHIP$500k
COMMON FUTURESAN FRANCISCO, CACOMMON FUTURE: BUILDING A NEW ECONOMY THROUGH CAPACITY, CAPITAL AND NETWORKS$500k
COMMUNITY FOUNDATION OF NEW JERSEYMORRISTOWN, NJNEWARK COMMUNITY GRANTS PROGRAM$500k
COMMUNITY FOUNDATION OF NEW JERSEYMORRISTOWN, NJNONPROFIT CAPACITY STRENGTHENING PROJECT$500k
NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERSSAN ANTONIO, TXKEYS TO HOMEOWNERSHIP: UNLOCKING OPPORTUNITIES FOR LATINO HOMEOWNERSHIP AND PRESERVATION$500k
NEWARK PERFORMING ARTS CORPORATIONNEWARK, NJPHASE 2 OF NEWARK SYMPHONY HALL SOUTHERN BROAD STREET REVITALIZATION$500k
STUDENT FREEDOM INITIATIVE INCWASHINGTON, DCSTUDENT INVESTMENT PROGRAM (SIP)$500k
TRAGEDY ASSISTANCE PROGRAM FOR SURVIVORSARLINGTON, VATAPS NATIONAL MILITARY SURVIVOR HELPLINE$500k
WORKERS LABOAKLAND, CAINNOVATION THROUGH INVESTMENT, RESEARCH, AND TECHNOLOGY IN SERVICE OF WORKERS$500k
THE ASPEN INSTITUTE INCWASHINGTON, DCTHE FUTURE OF WORK AND WEALTH: SCALING SOLUTIONS FOR WORKER RESILIENCE AND RACIAL EQUITY-FOUNDATION$487k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE PRUDENTIAL FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$32.4M
$52.1M
2023
$35.3M
$30.8M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

THE PRUDENTIAL FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about THE PRUDENTIAL FOUNDATION

What are THE PRUDENTIAL FOUNDATION's revenue and expenses?

In 2024, THE PRUDENTIAL FOUNDATION reported $35.3M in total revenue and $30.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.