Prudential Announces $30 Million in Grants to Newark Nonprofits
Prudential Financial today announced $30 million in grants to support 17 non-profit organizations in Newark, including some of the city's most enduring institutions like the Newark Museum, the Newark Public Library, NJPAC and the NJ Symphony Orchestra.
The grants will also go to support community projects in the city's five wards, including a long-awaited community center in Newark’s Fairmount Park, a state-of-the-art synthetic turf field in the Central Ward, and arts programs in Clinton Hill as well as private and charter schools.
The grants are in addition to Prudential’s annual grant-making budget and build on the more than $1 billion the company has committed toward the revitalization of its home city in the past decade alone.
“The $30 million in grants recognizes the vital partnerships Prudential has with many community-based organizations. This support will strengthen their infrastructure and capacity to better serve Newark’s residents today and tomorrow,” said Lata Reddy, senior vice president of diversity, inclusion and impact for Prudential.