Prudential Announces Recipients of Second Annual Prudential Community Grants

The program supports community-based projects that foster neighborhood stability and growth by providing grants to residents and organizations in Newark.

On May 21, Prudential Financial announced the recipients of the second annual Prudential Community Grants Program during a ceremony at Prudential’s headquarters in Newark, New Jersey.

The program, launched in 2023, was created to support neighborhood-based solutions that foster community vitality through grants to residents and organizations in Newark. Among this year’s recipients are a variety of inspiring projects supporting community health and wellness, arts, education, beautification and development.

“Through the Community Grants program, Prudential is proud to continue our support of the residents and projects that are driving growth and quality of life in our hometown city,” said Lata Reddy, senior vice president of Inclusive Solutions at Prudential Financial and chair of The Prudential Foundation. “Thriving neighborhoods are the heartbeat of a strong city, and we designed this program to directly support residents as they work to solve challenges in their community. We look forward to seeing the positive impact this next group of grantees has across all five wards of Newark.”

With a $300,000 grant to the Community Foundation of New Jersey, Prudential will support neighborhood-based solutions that increase community vitality. The program received 400 applications this year, up from 225 applications in 2023 (a 78% increase), from a combination of individuals, 501(c)(3) organizations, and small business owners. Of the 66 community-based projects chosen, 19 are repeat recipients.