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EIN 22-2175290

Prudential Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Newark
State
New Jersey
Year formed
1977
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Prudential Foundation is a corporate foundation located in Newark, NJ. Its primary focus is funding various programs such as the YWCA STEAM after-school programs, LIFT workforce training and development programs, and women's economic empowerment in Newark. The foundation supports its objective through interest income generated from program-related investments. American Online Giving Foundation Inc and other organizations are among its grantees. It made 150 grants last year.
Total revenues
$646,652
2022
Total expenses
$28,690,686
2022
Total assets
$81,677,052
2022
Num. employees
n/a

Program areas at Prudential Foundation

Interest income generated from program-related investments

Grants made by Prudential Foundation

GranteeGrant descriptionAmount
American Online Giving FoundationBenevity Invoice Matching Gifts Program (December 2021- November 2022)$4,697,334
Rutgers University FoundationThe Prudential Scholars Program$2,251,715
UnidosUSFinancial Empowerment and Narrowing the Wealth Gap$1,550,000
...and 135 more grants made totalling $43,374,945

Personnel at Prudential Foundation

NameTitleCompensation
Shane T HarrisPresident$0
Thomas LauritaController$0
Sarah S KehSecretary$0
Kimberly OstrowskiElected Vice President 6 and 12 and 19$0

Financials for Prudential Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$2,211,092
Net rental income$0
Net gain from sale of non-inventory assets$-1,909,672
Gross sales of inventory$0
Miscellaneous revenues$345,232
Total revenues$646,652

Form 990s for Prudential Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-23990PFView PDF
2021-122022-06-17990PFView PDF
2020-122021-06-23990PFView PDF
2019-122020-10-23990PRView PDF
2018-122019-10-12990PFView PDF
...and 8 more Form 990s
Data update history
August 24, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 18, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 9, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 6, 2023
Updated personnel
Identified 14 new personnel
May 15, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
751 Broad St 3rd Floor
Newark, NJ 07102
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Phone
(973) 802-7313
IRS details
EIN
22-2175290
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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