(MIKE DERER)

The Prudential Foundation, a not-for-profit- corporation supported by The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc., Newark, NJ has approved $5.65 million in grants that will fund educational opportunities for children while striving to stop hunger and poverty while at the same time exposing youth to cultures across the globe.

The Alvin Ailey American Dance Theater, a program that includes the AileyCamp in Newark will receive $600,000 over three years to form a year-round dance program that will teach dance with a focus on personal skills development and behavior competencies.

Achieve will receive $1 million over a three year period to finance its work to raise K-12 academic standards in the hope that when kids graduate from high school they are academically prepared for college and careers.

New Leaders, a national organization that nurtures school leaders in order to ensure the success of students, especially those struggling with poverty and students who are members of ethnic minorities will receive $1.2 million over three years that is to be used for general operational support.

The Community Food Bank of New Jersey will receive $1 million over three years to propel it towards reaching its goal of a $15 million capital campaign that will be used to fund renovations and expansions of existing facilities and truck fleet technology.

The Washington Center will receive $1.85 million to reinvigorate and grow The Prudential Foundation Global Citizens Program which will bring 120 students from Brazil, China, India, Japan, South Korea and Taiwan to Washington DC for an internship program.

Additionally the board approved a $3 million social investment by the Prudential Social Investment Program that found the Newark Investment Fund, LLC which will be owned by The Prudential Foundation and will be a channel for loans that will improve the community of Newark.