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Financial Planning > UHNW Client Services > Family Office News

Prudential Foundation Provides $655,000 in Grants

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The Prudential Foundation has announced that they will allocate, through the 2011 Fund for Families, over $655,000 to food banks across the country. Included in that total is also $50,000 that will go to Feeding America, the county’s leading domestic-hunger relief agency.

The Prudential Foundation, a not-for-profit- corporation supported by The Prudential Insurance Company of America, a subsidiary of Prudential Financial Inc., Newark, NJ (NYSE: PRU) also encourages employees to volunteer in the community by organizing food drives and buying gifts for families that cannot affords to do so.

Although many people, when they think of hunger envision third world countries, there is an acute problem domestically. According to statistics released by the U.S. Department of Agriculture, more than 17 million Americans struggled with putting food on the table in 2010.

The $655,000 Fund for Families grants will be distributed across the country between now and the rest of the year in order to make the funds sustainable enough to last through next year’s holiday season.

“The mission of the Prudential Foundation is to help strengthen communities. The establishment of this fund not only provides much needed resources to organizations around the country providing food to families in need, we hope it brings public awareness to the issue of hunger in our country,” said Shané Harris, vice president of The Prudential Foundation. 


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