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PRUDENTIAL COMMUNITY RESOURCES ANNUAL REPORT

Prudential and its Community Resources Department have a long history of growing and protecting community assets around the world. As part of its culture, the people of Prudential help improve communities by investing financial resources, business expertise and associate volunteer skills in programs that increase human potential and individual self-sufficiency. Prudential’s Community Resources Department carries out its mission through three units: The Prudential Foundation addresses the needs of targeted communities by investing in select nonprofit organizations. The Foundation’s strategy focuses on improving educational outcomes for young people through investments in education leadership and effective youth development programs. It supports economic development efforts that help people earn income and attain financial assets, develop employment opportunities and support sustainable economic growth. The Foundation also works to sustain vibrant, livable communities through arts creation, promoting the arts as an economic engine, and strengthening the nonprofit sector through capacity building and civic leadership.

WHO WE ARE

Social Investments supports nonprofit and for-profit ventures that share Prudential’s dedication to creating livable and sustainable communities. Through socially responsible investments, the unit funds projects that develop and preserve affordable housing, improve access to quality education, and connect neighborhoods and residents to economic growth opportunities. Local Initiatives helps Prudential build strong community relationships by encouraging and supporting employee engagement. Under the brand‚ “Prudential CARES,” Local Initiatives leads employee community engagement, guides associates in using community service to enhance business skills and leverages charitable contributions to support Community Resources’ mission.

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PRUDENTIAL COMMUNITY RESOURCES 2011 ANNUAL REPORT

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2 Message From John Strangfeld 3 Message From Community Resources 4 Making a Difference When It Counts the Most 7 Making a Difference for Vulnerable Children: Meeting Challenges Through Innovation 9 Making a Difference for America’s Students 12 Making a Difference for America’s Returning Veterans 14 Making a Difference Across the Globe 15 2011 Foundation Grants 27 2011 Social Investments 31 2011 Audited Financial Statements 42 The Prudential Foundation 43 Social Investments 44 Local Initiatives

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2011 Community Resources Annual Report

Message from

JOHN STRANGFELD Knowing you have made a difference in someone’s life is inspiring. And making a real difference in the communities where we live and work has been an important goal of Prudential people since our company was founded in 1875. Through the work of our Community Resources department and the volunteer efforts of our employees, we are helping people around the world with smart and sustainable solutions through meaningful collaborations. Our strategy of building leadership capacity, improving education, expanding access to the arts, and increasing economic opportunities delivers results today, with the promise of lasting benefits. Prudential people around the world reflect this dedication to driving positive change. Through their leadership as volunteers and their generous contributions, they are creating a lasting impact in their local communities.

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One area of focus of which I am particularly proud is Prudential’s long-standing support of members of the military and America’s Veterans. We are spearheading a variety of initiatives designed to help ensure better lives for our Veterans and for their families. It is our way of giving back to those who have given so much. Our Community Resources Annual Report provides a glimpse of just some of the many ways that Prudential and our people are making a difference in communities around the world. It’s a compelling story and one that all of us look forward to continuing to share.

John Strangfeld Chairman and Chief Executive Officer

2011 Community Resources Annual Report

Message from

COMMUNITY RESOURCES People in communities all over the world have faced myriad obstacles during the global economic downturn of the past several years. Its impact has tested our resiliency and has challenged us to do more with less. At the same time, we recognize our shared responsibility as a society to develop appropriate remedies that provide for present needs and future opportunities. This year’s annual report theme is Making a Difference. It sums up the spirit of our mission to strengthen our neighbors and communities across the globe. On the following pages, you will see examples of how we deploy a diverse set of tools – grants, social investments and employee time and talent – in strategic and innovative ways to help solve complex social issues. These stories highlight some of the ways we strive to make a difference as individuals, community leaders and as a corporate citizen. Our efforts provide relief

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in times of crisis and natural disaster, nurture the next generation of leaders, and create economic opportunities for those seeking to overcome significant barriers to rebuild their lives. For more than 135 years, Prudential has been focused on helping individuals and families secure a brighter future. We are proud of the accomplishments of our partners and of our employees who work hard every day to make a difference.

Sharon C. Taylor Senior Vice President, Human Resources Chair, The Prudential Foundation

Lata N. Reddy Vice President, Corporate Social Responsibility

2011 Community Resources Annual Report

WHEN MOST DISASTERS OCCUR, PEOPLE IN IMPACTED COMMUNITIES ARE THE FIRST RESPONDERS, STEPPING UP TO CARE FOR EACH OTHER AND REBUILD LIVES. WHEN CATASTROPHIC EVENTS STRIKE, THE DEVASTATION EXCEEDS THE CAPACITY OF THE COMMUNITY TO RESPOND. WITH INITIAL HEARTFELT EMPATHY, ASSISTANCE POURS IN IMMEDIATELY FROM ALL CORNERS ... THEN SLOWLY TRICKLES AWAY – WELL BEFORE IMPACTED PEOPLE, NEIGHBORHOODS AND COMMUNITIES HAVE RECOVERED ENOUGH TO GO IT ALONE.

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WHEN IT COUNTS THE MOST MAKING A DIFFERENCE

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NOW WHAT? In the past decade, natural disasters – earthquakes, floods, typhoons, hurricanes, fires and drought – have impacted millions around the world. While the physical and emotional human costs are incalculable, communities have absorbed hundreds of billions in infrastructure damage. For many years, the people of Prudential have provided assistance to disaster relief efforts through volunteerism, corporate contributions, and generous employee giving to its corporate disaster relief fund that is matched by gifts from The Prudential Foundation and complemented by programmatic grants.

2011 Community Resources Annual Report

While we are proud of our history of disaster assistance, we knew that the traditional model of providing immediate relief without a plan for long-term recovery and redevelopment was not enough to ensure lasting positive impacts. Influenced by the results of a study by the Council on Foundations and the European Foundation Centre, Prudential developed a threephase model that goes beyond immediate relief to strategic long-term disaster management.

In Phase One of its assistance in Japan, Prudential committed $3.5 million and worked with the International Rescue Committee and Japanese Red Cross Society to provide immediate relief and support for survivors, including the company’s 23,000 employees in Japan. Prudential associates in Korea and Taiwan also showed their support through generous employer-matched financial donations, and community engagement initiatives, providing critically needed emergency supplies.

PHASE TWO: RECOVERY IN JAPAN AND HAITI

FOUNDATION STRATEGY

DISASTER

RELIEF

RECOVERY

DEVELOPMENT

This approach provides relief and assistance, but also builds the capacity of communities to effectively manage future events and recover and redevelop in sustainable ways.

PHASE ONE: RELIEF IN JAPAN In March 2011, Japan was struck by one of the most powerful earthquakes in modern history followed by a devastating tsunami. Together, these events killed and injured 50,000 people, caused a series of accidents at the Fukushima Daiichi nuclear plant and severely damaged Japan’s economy and civic infrastructure. Prudential was committed to assist for the long run, and not just the sprint.

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Recovery assistance targets major institutions and economic foundations that support communities, such as public works infrastructure and health and education systems – critical supports for industry, commercial and small business development.

“Many traditional funders give money up front immediately after a disaster to help save lives and provide relief. While that is important, it’s only a first step … Communities need longer term recovery assistance, and then strategic redevelopment initiatives to realize robust, sustainable futures. We knew that in Japan we wanted to be there at the outset of the disaster and stay there to be part of the rebuilding process,” says Rene Deida, Program Officer, The Prudential Foundation.

Currently in Phase Two in Japan, Prudential has provided $2 million to Architecture for Humanity (AfH) to work in the Tohoku area. AfH is providing training, technical assistance and financing to small business owners to help them resume business operations so that they can, once again, provide for their families and be self-sufficient members of their communities. Similarly, after the 7.0 magnitude earthquake that caused overwhelming tragedy and destruction in Haiti in 2010, Prudential was there with lifesaving financial assistance immediately after the catastrophe. In its Phase Two response, Prudential also partnered with AfH and government agencies to help rebuild schools and create an effective education system for Haitian children.

“Many traditional funders give money up front immediately after a disaster to help save lives and provide relief. While that is important, it’s only a first step ... ” —Rene Deida, Program Officer, The Prudential Foundation

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2011 Community Resources Annual Report

PHASE THREE: REDEVELOPMENT IN NEW ORLEANS Development assistance delves deeper into long-term needs – seeking to identify sustainable solutions to specific issues and ongoing concerns, and move impacted areas forward to become revitalized, robust communities. In the seven years since Katrina, The Prudential Foundation has been an important partner in providing relief, followed by support for recovery initiatives – creating new educational, cultural and economic opportunities in one of America’s greatest cities. Before transitioning to Phase Three, Prudential examined conditions within targeted communities and neighborhoods, and identified a need

to foster the city’s economic health. Our development support not only addresses the past, but enables communities to be proactive in preparing for the future. To that end, our work in New Orleans also strengthens the capacity of government and nonprofits to respond to future disasters by integrating sustainable control strategies such as improved building codes and effective land use. In 2011, Prudential Social Investments developed strategic partnerships with key community organizations – the New Orleans Redevelopment Authority, the Greater New Orleans Foundation, THORON Investments, the Southern Food and Beverage Museum, and Redmellon, a missionfocused real estate development firm.

Complementing $750,000 in Foundation grants provided since 2008, these organizations are using $7.75 million in loans to sustain neighborhood redevelopment projects, most prominently the historically significant Oretha Castle Haley neighborhood. The projects build appropriate low-income housing, support new economic opportunities for residents, create sustainable jobs, develop innovative new industries and connect residents with existing and emerging career opportunities. With its strategic, phased approach, Prudential is among the leaders in disaster management – providing impactful solutions for communities around the world – making a difference when it counts most.

Redmellon steers clear of “mega-plexes” and rehabilitates one- and two-family homes – aligning interests of workforce housing, neighborhood stakeholders, and preservationists.

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2011 Community Resources Annual Report

THE UNITED NATIONS INTERNATIONAL CHILDREN’S FUND, OR UNICEF, IS KNOWN THE WORLD OVER AS AN ORGANIZATION Photo Courtesy of the U.S. Fund for UNICEF.



THAT MAKES A DIFFERENCE FOR THE MOST VULNERABLE

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FOR VULNERABLE CHILDREN: MEETING CHALLENGES THROUGH INNOVATION MAKING A DIFFERENCE

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CHILDREN BY PROVIDING CRITICAL AND LIFE-SAVING HEALTH CARE, CLEAN WATER, NUTRITION, EDUCATION AND EMERGENCY RELIEF.

Each year, with the help of pledges of financial support from countries, corporations, organizations and individuals, the organization distributes a vast array and quantity of needed supplies around the world. 2011 Community Resources Annual Report

When crises develop and when deep-rooted negative conditions expand, millions turn to UNICEF for immediate help. In response, the organization reaches out to help. But when helping hands are constrained, they cannot always act swiftly. Such was the case with UNICEF.

funds would actually arrive, but UNICEF needed to buy the nets before the rainy season began in May. Their only available solution was to use money from another fund – putting other child-related services at risk – until the commitments arrived.

UNICEF’s charter requires it to operate on a cashonly basis. That means UNICEF cannot borrow funds and must have all commitments in hand before entering into contracts with suppliers. This poses significant challenges to the organization’s ability to rapidly respond to disasters and crises.

In December 2011, Prudential Social Investments stepped in to make a difference for the U.S. Fund for UNICEF – an independent not-for-profit corporation, which can assume liabilities. Social Investments partnered with the U.S. Fund to create and launch an innovative funding mechanism called the UNICEF Bridge Fund and provided a founding investment of $7.5 million, becoming the first company to support this critical initiative.

In 2010, UNICEF received significant donor agreements in support of purchasing anti-malarial treated mosquito nets for children in Sierra Leone, where the deadly disease is responsible for more than 40 percent of all deaths in children under 5. It would be many months before the

The Bridge Fund is a large pool of available cash that will help in three important ways.

First, the U.S. Fund for UNICEF can now expedite delivery of vitally important supplies because The Bridge Fund enables it to make immediate purchases – a critical improvement from its current model. Second, the organization has the financial capacity to enter into longterm contracts with suppliers to get better, locked-in pricing and utilize alternate shipping methods – drastically reducing material and delivery costs for life-saving supplies. Finally, program operations where one funding source is ending and an alternative source is not yet in place may continue without the threat of interruption from funding gaps. The Bridge Fund eliminates the need for UNICEF to dip into resources earmarked for other critically needed programs – a “win-win” for vulnerable families across the globe.

UNICEF procures almost $2 billion in goods each year to support programmatic and emergency response activities that reach families in 101 countries, including: 7.3 million malaria rapid diagnostic tests 23 million anti-malarial treated mosquito nets 225 million sachets of multiple micronutrient powder 389 million de-worming tablets Photo Courtesy of the U.S. Fund for UNICEF.

1.23 billion water purification tablets 2.5 billion doses of vaccines Source: UNICEF Supply Division 2010 Annual Report

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UNICEF workers prepare boxes of ready-to-eat therapeutic food for distribution to Chad, in a UNICEF supply warehouse in N’Djamena, the capital. Therapeutic food is a high-protein and high-energy peanut-based paste that provides essential nutrients to severely malnourished children.

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2011 Community Resources Annual Report

AROUND THE WORLD, QUALITY EDUCATION CAN MAKE ALL THE DIFFERENCE FOR INDIVIDUALS, FAMILIES AND COMMUNITIES. EXPANDING OPPORTUNITIES FOR ALL CHILDREN IS ONE OF THE MAIN PRIORITIES OF THE PRUDENTIAL FOUNDATION – POSITIVELY AFFECTING THE FUTURE OF AMERICA BY DRIVING ACADEMIC ACHIEVEMENT TODAY TO ENSURE A QUALIFIED WORKFORCE FOR A COMPETITIVE 21ST CENTURY ECONOMY, AND NURTURING THE LEADERS OF TOMORROW.

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FOR AMERICA’S STUDENTS MAKING A DIFFERENCE

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We act through partnerships with advocacy and policy-making organizations that work to raise educational standards at state and national levels; initiatives that improve the leadership capacity of educators and administrators to make practice and policy changes to ensure that children are college and career ready; and investments in innovative youth development programs that build necessary social skills that foster academic achievement and accelerate success in life.

REACHING HIGHER, RAISING THE BAR. In the United States, students are performing far below comparative international countries, making them ill-prepared for college and careers in the global economy.

2011 Community Resources Annual Report

Recent studies have shown that 65 percent of eighth-graders do not meet grade-level expectations in reading, and the average reading level of teens in grades nine through 12 is barely above the fifth grade. On international math assessments, America ranks 25th in the world – far below other industrialized nations, and far below what we need to support a competitive, knowledge-based economy.

Achieve, Inc. (Achieve) has a mission to help raise academic standards, improve assessments, strengthen accountability, and ensure that students graduate high school fully equipped with the skills needed to compete in college and in the workplace. In its work, Achieve partners with states to align high school standards and assessments with the knowledge and skills required for success after high school.

LESSON ONE: DEVELOP RIGOROUS COMMON STANDARDS

It is notable for advancing a “college and careerready agenda” by advocating for national K-12 common core standards, presenting the American Diploma Project to align high school standards and graduation requirements, and Next Generation Science Standards, to create internationally

To drive higher levels of achievement, Prudential supports broad-based programs that concentrate on improving academic opportunities and outcomes for all students.

benchmarked and rigorous national curricula for American schools. As a founding corporate member, Prudential has supported the organization’s work with leadership from senior executives and ongoing grant support from The Prudential Foundation.

LESSON TWO: LINK ACADEMIC ACHIEVEMENT WITH FUTURE LIFE AND CAREER SUCCESS Learn. Do. Earn. The Learn More Now, Do More Now, Earn More Later (Learn.Do.Earn) program is part of a national education reform initiative locally managed by the New Jersey Chamber of Commerce Foundation and supported by Prudential. The program exposes children to the requirements and rewards of the competitive business world through school-based and individual activities that can be accessed online. Business professionals volunteer to tie academic success to career success – helping to prepare kids in grades six through 12 for the competitive workplace with a message of “work harder, be smarter, reach higher and go further.” Vernay Simmons, a director with Prudential Investment Management, saw an opportunity to personally deliver the Learn.Do.Earn. message to hundreds of middle and high school students in Newark. Working with The Prudential Foundation and a dedicated team of Prudential employee volunteers from the Black Leadership Forum, she spearheaded a Learn.Do.Earn. outreach event that linked the importance of high academic achievement to real-world results and career accomplishment.

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2011 Community Resources Annual Report

“Our young people are the next generation of America’s leaders. We want to show them, through example, that their goals are achievable, but it takes hard work and dedication to reach them.” — Vernay Simmons, Director, Prudential Investment Management The program’s success has motivated other employees to engage with their communities and school systems to replicate it at Prudential sites in Chicago, IL, Hartford, CT, Jacksonville, FL, and Woodbridge, NJ. “Our young people are the next generation of America’s leaders,” says Vernay. “We want to show them, through example, that their goals are achievable, but it takes hard work and dedication to reach them.”

LESSON THREE: ARTS SUPPORT ACHIEVEMENT Recognizing that academics alone don’t ensure success, and that education is nurtured in many ways, Prudential has long supported youth development programs that draw on creative connectors to further academic success. Whether we know it as social emotional intelligence, or “soft skills,” developing self-control, confidence and leadership capacity in children is a critical factor for reaching future goals – both inside and outside of the classroom and workplace. For many years, The Prudential Foundation has partnered with AileyDance Kids to tap into the power of music and movement to expand

MAKING A DIFFERENCE

educational opportunities for children in Newark’s public school classrooms during the regular school year. In 2011, as part of its signature arts education strategy, The Foundation brought the Alvin Ailey American Dance Theater’s widely acclaimed AileyCamp youth development program to Newark. AileyCamp Newark, a six-week, full-day, highquality summer arts camp for at-risk middle school children, uses dance as a vehicle for developing discipline, self-esteem, creative expression and self-confidence. The program’s use of literacy instruction and mathematics concepts also combats summer learning loss.

Perhaps most importantly, it stresses to participants the importance of setting and achieving goals, gaining experience in decision making, and carving out their own identities. Shané Harris, Vice President, The Prudential Foundation, sums the program up. “AileyCamp Newark is much more than a stand-alone summer program. It connects to other arts programming and objectives of the district. By effectively expanding the dance program to year-round status and providing extended opportunities for professional development to teachers, the program maximizes opportunities and benefits for students. That is our ultimate goal for our education initiatives – to make a positive difference by supporting organizations and programs that stretch students’ minds, inspire their dreams, and nurture their spirits.”

Photo courtesy of John O’Boyle/The Star-Ledger

Kamauri Davis strikes an elegant position during Jazz dance class at AileyCamp.

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2011 Community Resources Annual Report

THROUGHOUT PRUDENTIAL’S HISTORY, WE HAVE HAD A DEEP APPRECIATION FOR AND COMMITMENT TO OUR COUNTRY’S VETERANS AND THEIR FAMILIES. THAT COMMITMENT IS EVEN STRONGER TODAY. PRUDENTIAL IS STRIVING TO MAKE A DIFFERENCE IN THE LIVES OF AMERICA’S RETURNING

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SERVICEMEN AND WOMEN THROUGH ITS VETERANS INITIATIVE,

FOR AMERICA’S RETURNING VETERANS

FINDING WAYS TO HELP VETERANS BUILD AND SUSTAIN MEANINGFUL CAREERS AFTER THEIR MILITARY SERVICE.

Today, American veterans are returning from active duty in Iraq and Afghanistan by the tens of thousands, eager to apply their talents and skills in sustainable careers. But tough economic conditions continue to effect job creation and hiring, and many of the men and women who have given of themselves in the service of our country – especially those wounded in combat – face severe

MAKING A DIFFERENCE

career challenges. The headlines say it all: “Iraq Vets Fight for Jobs.” “Wartime Vets Face Tough Job Market.” “Hire Our Heroes.” “The unfortunate reality is that unemployment rates for veterans are higher than the national average for non-veterans. This is a challenge corporate America should and can help address, and at Prudential,

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we see this as an opportunity. Veterans offer a distinct set of qualities and skills – including leadership, values, discipline and the ability to perform in a fast-paced environment – that can easily translate to the corporate workforce and add value to organizations.” Ray Weeks, Vice President, Prudential’s Veterans Initiative, Marine Corps Reserve Major (ret.).

2011 Community Resources Annual Report

In addition to committing $6.2 million over two years to charitable contributions for organizations that focus on assisting America’s returning veterans with emergency services, job training, and social needs, Prudential partnered with Workforce Opportunity Services to create the VETalent program, a work-study certificate program that educates, trains and prepares veterans for new careers in the business sector. Since the program was launched, Prudential has sponsored four VETalent classes – making a difference in the lives of 75 veterans. During 2011, Prudential extended its program from New Jersey into Pennsylvania and Florida. Of the more than 54 veterans who completed the program, 44 are now full-time Prudential employees, including four who were hired in 2011. Prudential also collaborates with other Fortune 500 companies to share best practices and promote successful education and training models for transitioning veterans.

Prudential is also committed to supporting employee engagement around military and veteran issues. In 2010, the Military Veterans Network (VETnet) business resource group was established. VETnet provides insight, education and volunteer opportunities for employees to address the challenges veterans face and the value they can bring to the workplace.

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“VETnet raises awareness and understanding of the military and veterans’ interests in a variety of important ways,” says Matt Cornine of Prudential’s Global Business & Technology Solutions and co-chair of VETnet. “Last year we collaborated with Workforce Opportunity Services on a mentoring program, supported Memorial Day and Veterans Day observances, and organized learning opportunities about veteran and military interests for employees and communities alike. There is a lot of goodwill at Prudential – people come to us and ask ‘How can we help the people who helped us?’”

of a loved one. This is especially true for children in military families. To help meet this challenge, The Prudential Foundation partnered with Sesame Workshop, the nonprofit organization behind Sesame Street, to present Little Children, Big Challenges, a multimedia educational outreach program that provides resources to strengthen resiliency skills in children ages 2 through 8. Dr. Jeanette Betancourt, Sesame Workshop’s senior vice president for Outreach and Educational Practices, stresses the importance of children experiencing empathy and understanding from others in ways that they can easily grasp.

“The unfortunate reality is that unemployment rates for veterans are higher than the national average for non-veterans. This is a challenge corporate America should and can help address, and at Prudential, we see this as an opportunity.” —Ray Weeks, Vice President, Prudential’s Veterans Initiative, Marine Corps Reserve Major (ret.)

Across the country, Prudential’s employees have “Little Children, Big Challenges is Sesame created opportunities to do just that – give of their Workshop’s contribution to all those military, time and talent to demonstrate their personal veteran and civilian families who face the commitment to making a difference in the lives challenge of helping a child cope with tough of American military servicemen and women. transitions. Establishing reassuring messages During 2011, employees formed teams to support and presenting them in ways that foster emergency needs by holding food and clothing communication with young children during these drives and resource fairs. They beautified hospitals times is critical for their future school and life and homeless shelters, created transitional housing success. We are grateful for like-minded partners programs for veterans, and planted a Victory Garden. like Prudential who support our work to help all children reach their highest potential.” Those closest to veterans have challenges, too. Military service often presents difficult transitions for family members coping with deployments, homecomings, physical changes and the death

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2011 Community Resources Annual Report

JAPAN

CLICK ON THE LOCATION FOR EXAMPLES OF SUPPORT IN 2011

KOREA

POLAND

DALLAS

BRAZIL

TAIWAN

AROUND THE WORLD, PRUDENTIAL DEDICATES FINANCIAL AND

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ACROSS THE GLOBE MAKING A DIFFERENCE

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EMPLOYEE RESOURCES TO ORGANIZATIONS AND PROGRAMS THAT HELP PEOPLE OVERCOME CHALLENGES LARGE AND SMALL. SOME EXAMPLES OF OUR SUPPORT IN 2011 ARE ILLUSTRATED HERE.

2011 Community Resources Annual Report

2011 FOUNDATION GRANTS EDUCATION & YOUTH DEVELOPMENT 180 Turning Lives Around Inc. Hazlet, NJ—$25,000 180 Turning Lives Around is a private, nonprofit organization dedicated to ending domestic and sexual violence in New Jersey. Prudential’s grant will support 2ND FLOOR, a confidential and anonymous helpline for youth and young adults, and expand outreach programs to include all middle and high schools in Newark, NJ, middle and high schools.

Achieve Hartford! Hartford, CT—$150,000 Achieve Hartford! is a local education fund that focuses on supporting student achievement through effective and sustained school reform in the Hartford Public Schools. Prudential’s grant supports Achieve Hartford! in monitoring, supporting and serving as a catalyst for education reform and community involvement.

Achieve, Inc. Washington, DC—$250,000 Achieve is an independent, bipartisan, nonprofit education reform organization based in Washington, DC, that helps states raise academic standards and graduation requirements, improves assessments and strengthens accountability. Prudential’s grant supports Achieve in developing and implementing the Common Core Standards for English and math.

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Advocates for Children of New Jersey Newark, NJ—$75,000

Bethany Cares Incorporated Newark, NJ—$25,000

Boys & Girls Clubs of Newark, Inc. Newark, NJ—$300,000

Advocates for Children of New Jersey (ACNJ) is the state’s foremost advocacy agency advancing policies that help children and families. Prudential’s grant supports ACNJ in advancing education policy through data collection, research, policy analysis and community outreach.

Bethany Cares Incorporated advances the social, economic and physical well-being of individuals living in Newark’s Central Ward. Prudential’s grant supports the Children’s Defense Fund Freedom School Program, a six-week academic summer camp designed to educate 100 youth on the importance of literacy, social action, and cultural heritage.

The Boys & Girls Clubs of Newark (BGCN) provides comprehensive youth development programming to empower youth to succeed and excel as contributing members of society. Prudential’s grant provides general operating and capacity-building support for the development of a new strategic plan.

Alvin Ailey Dance Foundation, Inc. New York, NY—$225,000 Alvin Ailey American Dance Theater is an internationally acclaimed dance company known for celebrating the uniqueness of the African American cultural experience and American modern dance. Prudential’s funding supports AileyDance Kids, an intensive arts education program that brings dance into the classrooms of Newark Public Schools throughout the school year, and AileyCamp Newark, a high-quality arts experience that uses disciplined dance training, personal development and communication workshops to instill academic motivation and build social and behavioral skills.

Aspira, Inc. of New Jersey Newark, NJ—$250,000 Aspira, Inc. of NJ is a community-based organization dedicated to counseling, educating and developing the leadership potential of underserved Latino youth. Prudential’s grant supports the development of quality programming for Newark’s underserved youth and children.

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Big Brothers Big Sisters of Greater Newark and Essex County, Inc. Newark, NJ—$50,000 Big Brothers Big Sisters of Greater Newark and Essex County provides direct mentoring services to underserved children and youth in the Essex, Hudson and Union Counties of New Jersey. Prudential’s grant supports its mission to help children reach their potential through professionally supported, one-to-one relationships with mentors.

Boys & Girls Clubs of Hartford, Inc. Hartford, CT—$35,000 The Boys & Girls Clubs of Hartford provides year-round out-of-school-time services to inspire and enable young people to realize their full potential as productive, responsible, caring citizens. Prudential’s grant supports the Asylum Hill Clubhouse that serves children and families in the Asylum Hill and Clay Arsenal neighborhoods.

Building Educated Leaders for Life, The BELL Foundation Inc Dorchester, MA—$50,000 The BELL Foundation is a nonprofit provider of research-based, educational summer and after-school experiences for children in grades K-8. Prudential’s grant will support the BELL Summer Program, providing 100 students in grades three, four and five at BRICK Avon Academy in Newark, NJ, scholar outreach and enrollment, teacher professional development, literacy and math curricula, and assessment and evaluation.

Caucus Educational Corporation, Inc. Montclair, NJ—$50,000 Caucus Education Corporation (Stand & Deliver) improves communication skills of underserved youth to enable them to compete for and succeed in future employment opportunities. Prudential’s grant supports the continued development and growth of its program that serves Newark youth.

2011 Community Resources Annual Report

Chicago Public Education Fund Chicago, IL—$75,000

Citizen Schools, Inc. Boston, MA—$100,000

The Eagle Academy Foundation New York, NY—$50,000

The Chicago Public Education Fund (CPEF) utilizes a venture capital model to make systemic improvements in education, with a focus on talent and leadership in the Chicago Public Schools (CPS). Prudential’s grant helps advance its mission to accelerate achievement for all CPS students by building teams of effective school leaders, principals and teachers.

Citizen Schools is a national organization providing evidence-based after-school education and enrichment programs. Prudential’s grant supports Citizen Schools’ New Jersey operations and after-school programs at Newark’s Ivy Hill and First Avenue Schools.

The Eagle Academy Foundation (EAF) empowers at-risk inner city young men to become academic achievers, engaged citizens, and responsible men by providing quality education resources and proven effective community-based initiatives. Prudential’s grant supports the expansion of EAF’s infrastructure to support their school replication efforts in Newark, NJ.

Children’s Defense Fund Washington, DC—$200,000

Designs for Change is an educational research and reform organization whose mission is to serve as a catalyst for public school reform, with a particular emphasis in Chicago. Prudential’s grant helps advance its efforts to combine high-quality research, policy analysis and parent and community engagement strategies to aid reform in the Chicago Public Schools.

The Children’s Defense Fund (CDF) is the nation’s foremost child advocacy and research organization working to support policies and programs that enable all children to fulfill their potential by providing them with the resources needed to succeed in life. Prudential’s grant increases CDF’s capacity to advocate for the development and implementation of effective policies that help close the achievement gap for poor and minority children.

Children’s Literacy Initiative Philadelphia, PA—$150,000 Children’s Literacy Initiative (CLI) provides professional development for pre-K through third-grade teachers to close the gap in literacy achievement. Prudential’s grant matches CLI’s U.S. Department of Education’s Investment of Innovation (i3) grant to scale up the implementation of CLI’s Model Classroom in four urban school districts: Camden, Chicago, Newark and Philadelphia.

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Designs for Change Chicago, IL—$40,000

Drew University Madison, NJ—$30,000 Drew University is an independent postsecondary liberal arts education institution located in Madison, NJ. Prudential’s grant supports the Drew Summer College for Newark High School Students program, an intensive academic camp providing 50 Newark high school students with enrichment, mentoring, campus visits and invitations to university events to help inspire and prepare them to attend college.

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Education Law Center, Inc. Newark, NJ—$195,000 The Education Law Center (ELC) advocates on behalf of public school children for access to an equal and adequate education under state and federal laws. Prudential’s funding supports ELC in advancing its advocacy initiatives in Newark and New Jersey, the Our Children/ Our Schools coalition of education advocacy organizations, and the expansion of ELC’s national work.

Education Pioneers, Inc. Oakland, CA—$50,000 Education Pioneers identifies and develops leaders dedicated to transforming education systems by placing the best and brightest graduate students in fellowship positions at school districts, charter organizations and nonprofits. Prudential’s grant supports its second year of expansion into Newark, NJ, to attract, train and connect new Fellows to partner education organizations.

Free Public Library of the City of Newark New Jersey Newark, NJ—$25,000 The Newark Public Library is an anchor institution and a vibrant center for community life and learning for people of all ages in the City of Newark. Prudential’s grant supports the Library in building its capacity to align its organizational structure with a new strategic direction.

Grantmakers for Education Portland, OR—$75,000 Grantmakers for Education (GFE) promotes excellence and effectiveness in education philanthropy. Prudential’s grant supports GFE’s 2012 Annual Conference and the 2012 Urban Education Study Tour that will take place in the City of Newark, NJ.

Greater Hartford Arts Council Incorporated Hartford, CT—$50,000 The Greater Hartford Arts Council is a leader and catalyst for the promotion, fundraising and coordination of arts and heritage programs that celebrate diverse cultures, enliven the spirit, and enrich the economy of Connecticut’s Capital Region. Prudential’s grant supports the expansion of the Hartford Performs Program into 12 Hartford public schools, providing all students with arts integration programming and professional development for teachers and arts providers.

2011 Community Resources Annual Report

Harlem Children’s Zone New York, NY—$50,000

Kids Corporation II Newark, NJ—$25,000

National Summer Learning Association Baltimore, MD—$75,000

The New Teacher Project, Inc. Brooklyn, NY—$100,000

Harlem Children’s Zone (HCZ) is a pioneering, community-based organization dedicated to supporting and promoting the well-being and healthy development of children. Prudential’s grant supports HCZ’s general operations and its work addressing the critical needs of children and families while targeting efforts to rebuild the basic community infrastructure of Central Harlem.

Kids Corporation II serves 4,500 Newark youth each year through after-school and summer programs that bolster academic skills, promote healthy development and foster a love of learning. Prudential’s grant supports Kids Camp, which will serve over 2,200 underserved Newark youth with positive summer learning experiences through outdoor education and exploration, team building, health and fitness, and academic enrichment activities.

The National Summer Learning Association is a national nonprofit focused on summer learning and summer learning loss, providing resources for schools and communities to help close the achievement gap. Prudential’s grant will support the Newark Community Initiative, a two-year program focused on delivering high-quality summer learning and professional development to youth and educators in underserved communities.

The New Teacher Project (TNTP) partners with school districts and states to close the achievement gap by working to ensure that high-need students get outstanding teachers by implementing scalable responses to their most acute teacher quality challenges. Prudential’s grant supports TNPT in developing Newark Public School principals as managers of human capital by administering and providing technical assistance on the results from the Instructional Culture Insight Study.

Jazz House Kids, Inc. West Orange, NJ—$50,000 Jazz House Kids, Inc., was established in 2002 to enhance the quality of life for New Jersey’s youth and their families through jazz. Prudential’s grant supports arts education programs at five Newark Public School (NPS) middle schools and provides seven weeks of summer programming for 40 NPS students.

Jersey Urban Debate League Newark, NJ—$50,000 Jersey Urban Debate League (JUDL) is dedicated to enhancing critical thinking, research and presentation skills for underserved students through academic competitive debate. Prudential’s grant supports JUDL’s mission to make debate accessible to all high school and middle school students in Newark, Orange and East Orange.

MAKING A DIFFERENCE

KIPP Foundation San Francisco, CA—$50,000 Knowledge Is Power Program (KIPP) is a network of 109 college preparatory charter schools with a track record of preparing students in underserved communities for success in college and life. Prudential’s grant supports the KIPP School Leadership Program, which provides high-quality leadership development opportunities for emerging leaders to build, lead and sustain outstanding schools.

Los Angeles Education Partnership Los Angeles, CA—$75,000 The Los Angeles Education Partnership (LAEP) is a local education fund whose mission is to help students in high-need schools improve academic achievement through collaborative partnerships with educators, parents and the community at large. Prudential’s grant supports LAEP in leveraging resources to help advance education reform in high poverty, multicultural communities across Los Angeles County.

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New Leaders New York, NY—$350,000 New Leaders for New School’s (NLNS) attracts and prepares leaders for placement in underperforming schools and provides the tools necessary to support these schools at scale. Prudential’s grant provides general operating support for NLNS with its program expansion into the City of Newark.

New Schools Fund (NewSchools Venture Fund) San Francisco, CA—$25,000 NewSchools is a national nonprofit venture philanthropy firm that supports education entrepreneurs who create new organizations dedicated to positively transform public education. Prudential’s grant supports the NewSchools Summit 2011, an annual invitation-only gathering of entrepreneurial education leaders.

New Visions for Public Schools, Inc. New York City, NY—$75,000 New Visions for Public Schools is an education reform organization dedicated to improving the quality of education in New York City’s public schools. Prudential’s grant supports the creation of new charter schools, the enhancement of teacher and leadership capacity, and continued operational and service support for schools in the Partnership Support Organization.

Newark Public Schools Foundation, Newark Education Trust Newark, NJ—$300,000 The Newark Trust for Education (the Trust) is an independent local education fund dedicated to mobilizing financial, organizational and human resources to improve the quality of public education for all children in Newark. Prudential’s funding provides general operating and capacitybuilding support for strategic planning to enable the organization to fulfill its mission.

2011 Community Resources Annual Report

Newark Public Schools Foundation, Inc., Newark Public Schools Innovative Investment Fund Newark, NJ—$250,000 The Newark Trust for Education (the Trust) is an independent local education fund dedicated to mobilizing financial, organizational and human resources to improve the quality of public education for all children in Newark. Prudential’s grant supports the Newark Public Schools Innovative Schools Investment Fund at NTE, which serves as a special-purpose pooled fund that provides funding for new school models in the Newark Public Schools for the 2011-2012 academic year.

NJ LEEP, Inc. Law and Education Empowerment Project Newark, NJ—$25,000 NJ LEEP empowers urban youth in underserved communities to perform at high academic levels by providing high-quality after-school programming that exposes high school students to the study of law and legal professions while stressing literacy and logical analysis. Prudential’s grant supports NJ LEEP’s efforts to strengthen its infrastructure and capacity to deliver its mission.

Ophelia J Berry Fund, Inc. Englewood, NJ—$25,000 Ophelia J Berry Fund’s Pathways to College identifies and recruits underserved students of color who demonstrate high academic achievement and leadership potential for structured programming to strengthen their ability to be competitive college candidates. Prudential’s grant supports 75-100 collegeready students from Newark’s Barringer, Weequahic and East Side High Schools.

MAKING A DIFFERENCE

Our Piece of the Pie Hartford, CT—$60,000

Philadelphia Education Fund Philadelphia, PA—$75,000

Our Piece of the Pie (OPP) is a youth development agency that helps young people in Hartford become successful adults by effectively collaborating and partnering with schools, colleges, community agencies and businesses to promote independence and economic success. Prudential’s grant supports OPP’s Pathways to Success program which offers participants a mix of youth development, education and employment services.

The Philadelphia Education Fund (the Fund) is a local education fund whose mission is to improve the quality of public education throughout the Philadelphia region so that youth are prepared for college and careers. Prudential’s grant supports the Fund in advancing its mission with an emphasis on improving policy and practice to advance teaching and learning in the classroom.

Partnership for Los Angeles Schools Los Angeles, CA—$50,000

Public Education Network (PEN) is a national association of local education funds and individuals working to improve public schools and build citizen support for quality education in low-income communities across the nation. Prudential’s grant supports the implementation of PEN’s new strategic plan.

The Partnership for Los Angeles Schools is a unique collaboration between the City of Los Angeles and the Los Angeles Unified School District (LAUSD) to turn around the district’s lowest-performing schools and to create a district-wide model for improvement. Prudential’s grant supports the Partnership in its work to turn around 22 LAUSD schools serving nearly 17,000 students in some of the city’s most impoverished environments.

Philadelphia Academies, Inc. Philadelphia, PA—$40,000 Philadelphia Academies, Inc. is a youth development organization that aims to expand life and economic options for Philadelphia’s public high school students through career-focused programming. Prudential’s grant supports its efforts to serve an increased number of students in the career academy model, including four new schools that will implement the Whole School Career Academy reform model.

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Public Education Network Washington, DC—$250,000

Public Interest Projects, Inc. New York, NY—$125,000 Communities for Public Education Reform (CPER) is a partnership of local and national funders who have pooled their resources to provide grants and technical assistance to local and regional education organizing groups working to improve student outcomes in low-income communities. Prudential’s funding supports the organization’s national work, and a site-specific pool in New Jersey matched on a dollar-for-dollar basis by National CPER funds.

Rutgers the State University of New Jersey, Abbott Leadership Institute Newark, NJ—$125,000 The Abbott Leadership Institute (ALI), a project of the Department of Urban Education at Rutgers, the State University, trains parents, youth and community residents to serve as effective advocates for high-quality education in New Jersey’s urban school districts. Prudential’s funding supports ALI in providing advocacy and leadership training programs for parents and community residents in Newark, youth advocacy programming, a youth media symposium for Newark and the surrounding New Jersey communities, and the Student Leadership Initiative, a collective consisting of ALI, Jersey Urban Debate League and Stand & Deliver.

St. Philips Academy Newark, Inc. Newark, NJ—$25,000 St. Philips Academy provides children from economically disadvantaged families in Newark, NJ, with a high-quality, independent K-8 school education built on a commitment to excellence and core values. Prudential’s support will strengthen its capacity to deliver educational excellence.

Teach for America, Inc. New York, NY—$150,000 Teach for America (TFA) recruits outstanding recent college graduates to commit to teach in urban and rural public schools in an effort to reduce the achievement gap and eliminate educational inequity in the United States. Prudential’s grant supports Teach for America’s School Leadership Initiative to increase the number of TFA alumni who enter school leadership positions in lowincome communities.

2011 Community Resources Annual Report

Teach for America, Inc. Newark, NJ—$80,000

Unified Vailsburg Services Organization Newark, NJ—$250,000

UNITE-LA, Inc. Los Angeles, CA—$25,000

Teach for America (TFA) Newark places high-potential leaders in teaching positions in district and charter schools in New Jersey, with a particular emphasis on Newark. Prudential’s grant supports TFA Newark’s five-year expansion plan to recruit, select, train and support 300 corps members and 60 alumni school leaders by 2015.

Unified Vailsburg Services Organization (UVSO) is a multi-purpose human services and community development organization whose mission is to stabilize the changing urban community in Newark’s West Ward. Prudential’s general operating grant supports the development of quality after-school programming for children and youth.

Teach for America, Inc., Teach for America Connecticut New Haven, CT—$30,000

United States Conference of Catholic Bishops, Saint Vincent Academy Newark, NJ—$50,000

UNITE-LA was established within the Los Angeles Chamber of Commerce to lead education reform and workforce development initiatives to benefit the Los Angeles Unified School District. Prudential’s grant supports UNITE-LA in emphasizing business and community partnerships with schools to promote and support an effective public education system in Los Angeles.

Teach for America (TFA) Connecticut places high-potential leaders in teaching positions in underserved schools across Connecticut. Prudential’s grant to TFA Connecticut supports the recruitment, selection, training and ongoing support of corps members teaching in Hartford.

St. Vincent Academy, an independent high school for young women, provides socially and economically disadvantaged participants with a high-quality college preparatory education built on strong academic instruction and values. Prudential’s grant will strengthen St. Vincent Academy’s capacity to deliver educational excellence.

Thelonious Monk Institute of Jazz Washington, DC—$150,000 The Thelonious Monk Institute of Jazz provides free, world-class jazz music experiences and education for all student levels to promote an understanding and appreciation for jazz. Prudential’s grant will support the establishment and implementation of a citywide, comprehensive high school jazz program that trains Newark Public School students in history, theory, composition, improvisation and performance.

MAKING A DIFFERENCE

Young Women’s Leadership Network New York, NY—$60,000

United States Conference of Catholic Bishops, St. Benedict’s Preparatory School Newark, NJ—$50,000 St. Benedict’s Preparatory School, a Benedictine school for boys in grades seven through 12, provides socially and economically disadvantaged young men primarily from the Newark metropolitan area with a challenging college prep curriculum in a values-based community. Prudential’s grant will strengthen St. Benedict’s capacity to deliver educational excellence.

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Young Women’s Leadership Network is an organization that helps low-income urban youth break the cycle of poverty through college readiness and college access programs. Prudential’s grant supports the College Bound Initiative at East Side Community School in New York City, which provides a comprehensive college guidance program for all students.

Grants less than $25,000 $535,000 $25,000 or more $5,645,000 Total “Education and Youth Development” grants $6,180,000

ECONOMIC DEVELOPMENT Center for Economic Progress Chicago, IL—$50,000 The Center for Economic Progress (CEP) helps low-income families move from financial uncertainty to financial security by providing trusted tax and financial counseling services. Prudential’s grant provides general operating support.

The Center for Professional Development at the University of Hartford Hartford, CT—$75,000 The Entrepreneurial Center (the Center) at The University of Hartford helps people in Connecticut achieve financial independence through self-employment. Prudential’s grant supports aspiring entrepreneurs, start-ups, and growing businesses through personalized assessments, small group workshops, one-on-one business advising and technical assistance for accessing capital, government contracts or new markets.

Community Development Capital New Orleans, LA—$25,000 Community Development Capital is a community-based lender dedicated to revitalizing communities, providing affordable housing, bringing properties back into commerce, improving the tax base and strengthening the local economy of New Orleans and Louisiana. Prudential’s grant provides capacity-building support to create financial and strategic plans for multiple efforts vital to the transformation of the Oretha Castle Haley corridor.

2011 Community Resources Annual Report

Community Food Bank of New Jersey, Inc. Hillside, NJ—$75,000 The Community Food Bank of New Jersey engages, educates and empowers all sectors of society to fight hunger and poverty in New Jersey. Prudential’s grant supports the Food Training Academy that provides skills training and credentials in the food service industry.

Community Foundation of New Jersey Morristown, NJ—$335,000 Prudential’s grant supports the work of Newark’s Strong Healthy Communities Initiative. The Initiative is a collaboration of cross-sector partners focused on creating lasting change for Newark’s youth and families by improving the health of Newark neighborhoods.

Community Foundation of New Jersey Morristown, NJ—$250,000 Prudential’s grant supports the restoration of Newark’s Military Park, a six-acre green space located in downtown Newark. The initiative will ensure that the park remains an accessible, viable green space and provides a platform for Newark to host community-building opportunities in one of its oldest and most treasured landmarks.

Community Partners, The Center for Asset Building Opportunities Hillside, CA—$50,000 Community Partners acts as fiscal agent for the Center for Asset Building Opportunities (CABO). CABO works to help low- to moderate-income households achieve financial independence by providing access to resources that build, strengthen and sustain wealth. Prudential’s grant will increase CABO’s capacity to assist organizations in the Los Angeles region integrate financial education and coaching strategies into current service offerings.

Co-Opportunity, Inc. Hartford, CT—$100,000 Co-Opportunity helps community residents in Hartford achieve long-term economic well-being and stability, resulting in greater personal success and a higher quality of life for themselves and their families. Prudential’s grant supports the expansion of its financial education program for lowand moderate-income working individuals and families that uses trained volunteers to perform one-on-one coaching.

Episcopal Community Development, Inc. Newark, NJ—$100,000 Episcopal Community Development, Inc., is a comprehensive community development organization in the Clinton Hill neighborhood of Newark providing affordable housing development, foreclosure assistance, housing counseling and neighborhood planning. Prudential’s grant provides general operating support.

MAKING A DIFFERENCE

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Essex County College, Training, Inc. Newark, NJ—$100,000

Greater Newark Enterprises Corporation Newark, NJ—$100,000

Training, Inc., at Essex County College increases the economic self-sufficiency of urban unemployed and low-income individuals by providing job training and assistance in securing long-term employment. Prudential’s grant supports its job training in high-demand occupations including allied health professions.

The Greater Newark Enterprises Corporation is a Certified Development Financial Institution (CDFI) and microfinance organization providing financial services for low-income businesses and individuals. Prudential’s grant provides general operating support for its mission to finance small business growth and development and provide training and technical assistance for emerging and growing small businesses in Newark.

Fund for the City of New York, Inc., The Financial Clinic New York, NY—$135,000 The Fund for the City of New York is the fiscal agent for The Financial Clinic (The Clinic), a nonprofit financial development organization committed to building the financial security of America’s working poor. Prudential’s grant supports its Fellowship Program that provides financial coaching services at established nonprofit organizations in Newark and New York City.

Greater Newark Conservancy, Inc. Newark, NJ—$100,000 Greater Newark Conservancy is an environmental and horticultural agency working to revitalize New Jersey’s urban communities through environmental education, neighborhood greening, job training and urban advocacy. Prudential’s grant supports the Clean and Green Program, a prisoner reentry program for Newark residents that provides job training in landscaping and horticulture.

HEDCo, Inc. Hartford, CT—$25,000 Hartford Economic Development Corporation (HEDCo) promotes and furthers the economic development of regions within the State of Connecticut and engages and assists in the establishment, growth and development of small businesses within Hartford. Prudential’s grant supports HEDCo’s Business Resource Center to expand business development services to Hartford’s minority and women-owned business enterprises.

Housing and Neighborhood Development Services, Inc. Orange, NJ—$50,000 Housing and Neighborhood Development Services, Inc.’s (HANDS) mission is to drive the renaissance of Orange and enhance the regional economy of inner Essex County. Prudential’s grant will help HANDS continue to serve this mission by developing affordable arts-related commercial spaces in the Valley Arts District and assist artists, art programs and arts-related businesses to succeed financially.

2011 Community Resources Annual Report

Institute for Entrepreneurial Leadership, Inc. Newark, NJ—$80,000 The Institute for Entrepreneurial Leadership (IFEL) stimulates inner-city economic development through supporting entrepreneurship. Prudential’s grant supports the launch of its shared office space program for entrepreneurs in Newark.

Isles, Inc. Trenton, NJ—$75,000 Isles, Inc., fosters self-reliant families in healthy, sustainable communities in Mercer County, NJ. Prudential’s grant helps expand services that build wealth for low-income residents.

Jobs for the Future, Inc. Boston, MA—$300,000 Jobs for the Future provides financial support, technical assistance, evaluation, research and other capacity-building services to regional and rural workforce development funding collaboratives. Prudential’s funding supports the National Fund for Workforce Solutions.

La Casa de Don Pedro, Inc. Newark, NJ—$150,000 La Casa de Don Pedro, Inc., integrates supportive social services and community economic development programs that are focused and guided by its link to the community in Newark. Prudential’s grant provides general operating support.

MAKING A DIFFERENCE

Lincoln Park Coast Cultural District, Inc. Newark, NJ—$125,000

Local Initiatives Support Corporation Newark, NJ—$300,000

The Lincoln Park Coast Cultural District (LPCCD) has a mission to plan, design and develop a comprehensive cultural arts district in the City of Newark. Prudential’s grant strengthens the capacity of LPCCD to create culturally enriched, environmentally friendly and healthy communities in Newark’s Lincoln Park area.

Local Initiatives Support Corporation (LISC) is a national community development organization that provides capital, technical expertise, training and information to neighborhood-based organizations working to transform distressed communities and neighborhoods. Prudential’s funding supports LISC’s public policy advocacy around the community development sector and response to the subprime mortgage foreclosure crisis, and comprehensive community revitalization work in Newark, NJ, and Hartford, CT.

Lincoln Park Coast Cultural District, Inc., Forward Ever Sustainable Business Alliance Newark, NJ—$75,000 Lincoln Park Coast Cultural District acts as the fiscal agent for the Forward Ever Sustainable Business Alliance in Newark. Prudential’s grant supports the development of a local network to serve and promote independent, locally owned businesses in the Greater Newark area.

Living Cities, Inc. New York, NY—$100,000 Living Cities is a philanthropic, corporate and public sector partnership established to bring opportunities and the power of mainstream markets to historically underserved urban neighborhoods. Prudential’s grant supports the implementation of comprehensive urban revitalization strategies around the country.

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Newark Alliance, Inc. Newark, NJ—$100,000 The Newark Alliance works in partnership across sectors to make Newark a better, safer place to work, live, learn, play and do business. Prudential’s grant supports the Greater Newark Workforce Funders Collaborative to align training needs with job demand and develop career pathways for lower-skilled workers in the Greater Newark area.

Newark Now, Inc. Newark, NJ—$100,000 Newark Now operates programs that provide Newark residents with skills, tools and support to transform their neighborhoods. Prudential’s grant supports the Financial Empowerment Center that connects lowincome families with public benefits, tax credits and legal and financial counseling to increase the financial health and stability of families.

Rutgers University Foundation, The Center for Urban Entrepreneurship & Economic Development New Brunswick, NJ—$100,000 The Center for Urban Entrepreneurship & Economic Development at Rutgers, the State University, concentrates on building strong corporate and community partnerships to support the revitalization of Newark and other urban areas in New Jersey. Prudential’s grant supports the Entrepreneurship Pioneers Initiative, a comprehensive program providing entrepreneurs with training, individual and group counseling, networking opportunities, and financial guidance to help them expand their businesses.

Seedco Financial Services Inc. New Orleans, LA—$25,000 Seedco Financial Services seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on business assistance and innovative solutions to small businesses, nonprofit organizations and real estate developers. Prudential’s grant provides support for Seedco’s small business program in the Greater New Orleans area that matches affordable financing with technical assistance to contribute to the economic development of underserved communities.

2011 Community Resources Annual Report

Southern Food and Beverage Museum Foundation New Orleans, LA—$100,000 The Southern Food and Beverage Museum is dedicated to the discovery, understanding and celebration of the food, drink and the related culture of the South. Prudential’s grant supports the relocation of the museum to Oretha Castle Haley Boulevard, contributing to the commercial revitalization and redevelopment of the neighborhood.

Sustainable Business Education Initiative, Inc. Philadelphia, PA—$75,000 Sustainable Business Education Initiative is a network of triple-bottom-line businesses, social entrepreneurs, investors, nonprofit lenders and government representatives who are committed to building a socially, environmentally and financially stable economy. Prudential’s grant provides support for small businesses through the Social Venture Institute and the Social Venture Training Program, economic development initiatives that encourage social entrepreneurship and create jobs in the Philadelphia region.

Trust for Public Land, Newark City Spaces Program Morristown, NJ—$250,000 The Trust for Public Land develops community parks and green spaces in underserved Newark neighborhoods. Prudential’s grant supports Newark Riverfront Park, a green space development along Newark’s Passaic River waterfront.

MAKING A DIFFERENCE

United Way of the Capital Area, Inc. Hartford, CT—$50,000

YouthBuild Newark, Inc. Newark, NJ—$200,000

Alvin Ailey Dance Foundation, Inc. New York, NY—$50,000

The United Way of the Capital Area’s mission is to engage people to improve lives and change community conditions. Prudential’s grant supports the Workforce Solutions Collaborative of Metro Hartford, a funders’ collaborative and network of public/private organizations committed to facilitating career advancement opportunities for low-income workers in Hartford.

YouthBuild Newark provides education services for low-income youth and teaches construction skills while renovating and building homes for low-income families, with a focus on green building techniques. Prudential’s grant provides general operating support.

Alvin Ailey American Dance Theater is an internationally acclaimed dance company known for celebrating the uniqueness of the African-American cultural experience and American Modern Dance. Prudential’s grant supports the 2011-2012 dance season.

Urban League of Essex County Newark, NJ—$50,000 The Urban League of Essex County promotes family self-sufficiency through youth and community development programs. Prudential’s grant supports the implementation of a revitalization plan for the Fairmount neighborhood in Newark.

Grants less than $25,000 $25,000 or more Total “Economic Development” grants

$0 $3,900,000 $3,900,000

ARTS & CIVIC INFRASTRUCTURE AIDS Resource Foundation for Children Newark, NJ— $25,000 AIDS Resource Foundation for Children provides comprehensive out-of-schooltime services to youth from the Newark metropolitan area living with or affected by HIV/AIDS. As part of its Newark Community Building Fund, Prudential’s grant supports high-quality after-school programs designed to positively impact pyschosocial and academic outcomes.

Urban League of Philadelphia Philadelphia, PA—$75,000 The Urban League of Philadelphia works to increase the number of African Americans who fulfill their potential to be self-reliant, productive community members. Prudential’s grant supports its programs in workforce development and entrepreneurship to help people achieve greater financial stability, self-reliance and business ownership.

Aljira, Inc. Newark, NJ—$30,000 Aljira is a center for contemporary art, whose mission is to foster excellence in the visual arts through exhibitions and educational programs that seek out the work of emerging and underrepresented artists. Prudential’s grant supports Aljira in producing contemporary arts exhibitions and high-quality arts education programs.

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Art Pride New Jersey Foundation, Inc. Burlington, NJ—$30,000 Art Pride New Jersey fosters a favorable climate for the arts by being a driver of public policy, acting as a clearinghouse for information and as a partnership broker between key stakeholders. Prudential’s grant supports Art Pride in its mission to advocate, educate and promote the arts in New Jersey.

Art Pride New Jersey Foundation, Inc., New Jersey Arts Education Partnership Maplewood, NJ—$25,000 Art Pride New Jersey is the fiscal agent for the New Jersey Arts Education Partnership (NJAEP), a unifying organization and clearinghouse for arts education information, policy and advocacy in New Jersey. Prudential’s grant supports NJAEP’s mission and provides opportunities for key stakeholders to advocate for arts education.

Artists Collective, Inc. Hartford, CT—$25,000 The Artists Collective provides youth with year-round professional training in dance, music, drama, visual and martial arts emphasizing the traditions of the African diaspora in the Greater Hartford area. Prudential’s grant supports the organization in providing youth with exposure to high-quality arts education, social and academic skills development in the Greater Hartford area.

2011 Community Resources Annual Report

The Aspen Institute Washington, DC—$50,000 The Aspen Institute’s mission is to promote public policy that enables all Americans, especially low- and moderate-income individuals, to build lifetime financial security. Prudential’s grant supports the organization’s “Financial Security: Policy Choices for a New Century” research project to explore lifelong income solutions.

City Without Walls: An Urban Gallery for Emerging Art Newark, NJ—$115,000

Crossroads Incorporated New Brunswick, NJ—$25,000 Crossroads is dedicated to creating and producing high-quality professional theater and artistic excellence that celebrates the culture, history and voices of the African diaspora. Prudential’s grant supports its mission to present African-American professional theatre to a broad and diverse audience.

City Without Walls (CWOW) is an urban gallery of emerging art that advances artists’ careers and builds audiences for contemporary art. Prudential’s grant strengthens CWOW’s infrastructure to expand its high-quality arts education and public art activities in the City of Newark.

BoardSource Washington, DC—$290,000

Community Food Bank of New Jersey, Inc. Hillside, NJ—$150,000

BoardSource is a national provider of training and technical assistance on nonprofit governance issues. Prudential’s funding supports board training and education programs for Prudential’s national network of nonprofit partners and employees, expands the national awards program, supports the winners of the Prudential Leadership Award and Innovation Prize, and launches a diversity in governance initiative.

The Community Food Bank of New Jersey engages, educates and empowers all sectors of society to fight hunger and poverty in New Jersey. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity.

The Citizens Campaign, Inc. Metuchen, NJ—$25,000 The Citizens Campaign’s mission is to encourage civic engagement and teach citizens about the legal rights and leadership skills needed to bring more constructive, responsible leadership to public service. Prudential’s grant supports its mission.

MAKING A DIFFERENCE

Council of New Jersey Grantmakers, Inc. Trenton, NJ—$80,000 The Council of New Jersey Grantmakers is a membership organization that provides networking opportunities and information for New Jersey’s philanthropic community. Prudential’s funding provides membership dues and supports its annual meeting, the Facing Our Future Initiative, and the Newark Office of the Philanthropic Liaison, whose mission is to foster greater effectiveness and leverage resources from funders serving Newark.

Essex County Court Appointed Special Advocate Newark, NJ—$45,000 Essex County Court Appointed Special Advocates (CASA) recruits and trains volunteers to ensure that the needs of children in the foster care system are met. Prudential’s investment enables CASA to train volunteer advocates to assist children in the Essex County foster care system for timely placement in safe, permanent homes.

Feeding America Chicago, IL—$60,000 Feeding America is the nation’s leading domestic hunger-relief organization working to engage the country in the fight to end hunger. Prudential’s grant supports its advocacy efforts to address hunger and food insecurity in the United States.

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Food Bank For New York City Food for Survival New York, NY—$50,000 The Food Bank For New York City’s mission is to end hunger in New York City by organizing food, information and support for community survival and dignity. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity.

Foodshare, Inc. Bloomfield, CT—$100,000 Foodshare works to end hunger as a part of the overall community effort to alleviate poverty in the Greater Hartford area. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity.

Greater Chicago Food Depository Chicago, IL—$50,000 Greater Chicago Food Depository mobilizes resources to fight hunger in Cook County. Prudential’s grant will support the acquisition and distribution of food for people at risk of food insecurity in the communities it serves.

Hispanic Federation New York, NY—$25,000 The Hispanic Federation is an organization that empowers and advances the Hispanic community by providing grants and services to a broad network of Latino nonprofit agencies. Prudential’s grant supports the Hispanic Federation’s expansion of its work in the Metro Hartford area.

2011 Community Resources Annual Report

Jobs for Arizona’s Graduates, Inc. Phoenix, AZ—$25,000

Link Community School, Inc. Newark, NJ—$25,000

New Jersey Ballet Company, Inc. Livingston, NJ—$25,000

New Jersey Symphony Orchestra Newark, NJ—$884,000

Jobs for Arizona’s Graduates is a high school dropout prevention and college transition program. Prudential’s investment supports programs that provide middle and high school students from Phoenix the opportunity to learn academic, personal leadership and vocational skills.

Link Community School provides Newark youth from underserved communities with a high-quality, independent middle school education. Prudential’s grant strengthens their capacity to deliver a top-tier educational experience and provides tuition assistance and professional development to its staff.

The New Jersey Ballet provides audiences with top-quality professional ballet and first-time introductions to a variety of ballet works from classical, contemporary and jazz genres. Prudential’s grant supports the New Jersey Ballet in maintaining, expanding and strengthening its artistic and arts education activities in the 2011-2012 season.

Los Angeles Regional Foodbank Los Angeles, CA—$50,000

New Jersey Chamber of Commerce Foundation, New Jersey Business Coalition for Educational Excellence Trenton, NJ—$50,000

The New Jersey Symphony Orchestra (NJSO) provides Newark and greater New Jersey audiences with world-class symphonic performances, arts education, and community engagement programs. Prudential’s funding supports NJSO’s general mission, its Comprehensive Campaign to increase its endowment, and music education programming that provides quality engagement opportunities for young people and families with a particular emphasis on Newark residents.

Leadership Newark, Inc. Newark, NJ—$100,000 Leadership Newark works to connect and improve the network of business, nonprofit, municipal and community leaders while stimulating collaborative efforts to enhance Greater Newark. Prudential’s grant supports its mission and provides resources to build the organization’s infrastructure.

The Los Angeles Regional Foodbank mobilizes resources to fight hunger in its community. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity in the communities it serves.

Liberty Science Center, Inc. Jersey City, NJ—$100,000

The Montclair Art Museum Montclair, NJ—$25,000

Liberty Science Center is dedicated to bringing the excitement of science to people of all ages in New Jersey. Prudential’s grant supports the Solar Energy and Conservation Education project that raises public awareness about the benefits of renewable energy technologies and energy efficiency measures.

The Montclair Art Museum, along with its Yard School of Art, engages a diverse community through its distinctive collection of American and Native American art, exhibitions, and educational programs that link art to contemporary life in a global context. Prudential’s grant strengthens and stabilizes the organization’s infrastructure to provide innovative and educational exhibitions and community outreach programs.

MAKING A DIFFERENCE

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The New Jersey Chamber of Commerce Foundation’s mission is to build a highly qualified workforce through innovative collaborations with K-12 education and workforce training and preparation programs. Prudential’s grant supports its work in state education reform efforts through the Business Coalition for Educational Excellence.

New Jersey Theatre Alliance West Orange, NJ—$40,000

New Jersey Performing Arts Center Corporation Newark, NJ—$500,000

Newark Arts Council Newark, NJ—$165,000

New Jersey Performing Arts Center (NJPAC) is a world-class arts center headquartered in the City of Newark. Its mission is to present renowned performers, provide quality arts education programming, and strengthen the community through the arts. Prudential’s grant supports the implementation of NJPAC’s arts education strategic plan and its capacity to deliver high-quality arts education programs to youth in and around Newark, and ensures alignment between programs and underserved youth.

The New Jersey Theatre Alliance is the first statewide arts service organization focused solely on professional nonprofit theatres. Prudential’s grant supports the New Jersey Theatre Alliance in providing programs and services to professional theatres in New Jersey.

The Newark Arts Council (NAC) was created to strengthen, advance and expand local artistic and cultural resources while encouraging collaboration among artists, cultural organizations and the general public to make the City of Newark a thriving center for cultural activity. Prudential’s funding supports NAC’s operational capacity to be a leader in raising public awareness and advocacy for the arts, the ArtStart Grants Program, and the formation of the Newark Arts Education Roundtable.

2011 Community Resources Annual Report

Newark Emergency Services for Families Newark, NJ—$80,000

Newark Performing Arts Corporation Newark, NJ—$100,000

Philabundance Philadelphia, PA—$50,000

The Rensselaerville Institute Rensselaerville, NY—$100,000

Newark Emergency Services for Families’ (NESF) mission is to provide social services to the working poor, the homeless and individuals and families challenged to achieve self-sufficiency in Newark. Prudential’s support allows NESF to expand its capacity to assist individuals and families in need.

Newark Performing Arts Corporation, the administrator of Newark Symphony Hall (NSH), is New Jersey’s oldest and one of the state’s largest concert halls for arts, education and entertainment programming. Prudential’s funding helps strengthen NSH’s infrastructure by providing general operating and capacity-building support, and matching funds for the New Jersey Historic Trust Preservation Plan.

Philabundance mobilizes resources to fight hunger in the Greater Philadelphia region of Pennsylvania. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity in the communities it serves.

Rensselaerville Institute – What Work’s mission is to guide philanthropy, nonprofits, and communities to higher results, “moving the needle” on social issues. Prudential’s grant supports What Work’s program to increase the capacity of nonprofit organizations to evaluate their work by tracking clear, verifiable and relevant results.

Newark Museum Association Newark, NJ—$100,000 The Newark Museum is New Jersey’s largest museum and operates in the public trust as a museum of service and a leader in connecting objects and ideas to the needs and wishes of its constituencies. Prudential’s grant supports the Museum’s arts and science exhibitions and education initiatives designed to meet the cultural and academic needs of children, families and teachers throughout Newark and New Jersey.

Newark Now, Inc. Newark, NJ—$25,000 Newark Now, Inc., partners with municipal government, residents, grassroots organizations and the philanthropic community in efforts to improve safety, economic independence, civic participation and well-being for Newark residents. Prudential’s grant supports “Super Summer 2011,” providing familyfriendly recreational activities, expanded social services and site-specific summer programming in high-violence neighborhoods.

MAKING A DIFFERENCE

Newark Public Radio, Inc. Newark, NJ—$280,000 Newark Public Radio is a cultural institution that champions jazz to a worldwide audience through radio (WBGO Jazz 88.3), the internet, other technologies, live events and jazz education programming. Prudential’s funding supports WBGO’s world-class jazz programming, its Kids Jazz Concert Series, and its Signal Improvement Project to increase its reach and promote Newark’s reputation as a global asset for jazz.

Newark School of the Arts, Inc. Newark, NJ—$40,000 Newark School of the Arts (NSA) provides high-level training in the performing and visual arts, offering instruction for individuals with an interest in the arts regardless of age, talent and financial resources. Prudential’s grant supports NSA’s Initiative for Children in Newark, which provides financial aid for private and group instruction in the performing and visual arts to economically disadvantaged students.

25

Philadelphia Mural Arts Advocates Philadelphia, PA—$35,000 The Philadelphia Mural Arts Program unites artists and communities through a collaborative process to create art that transforms public spaces and individual lives. Prudential’s grant provides general operating support to continue the advancement of its mission.

Presbyterian Church (U.S.A.)/ Basking Ridge Basking Ridge, NJ—$25,000 The Basking Ridge Presbyterian Church supports the community with several outreach programs. Prudential’s grant supports the renovation of a food pantry that assists people at risk of food insecurity in the communities that it serves.

Princeton Ballet Society, American Repertory Ballet New Brunswick, NJ—$30,000 Princeton Ballet Society and its not-forprofit affiliates expose thousands of young people to ballet education and performance. Prudential’s grant provides operating support to continue high-caliber dance instruction, education and outreach opportunities to audiences and students in New Jersey.

Rutgers Business School Newark, NJ—$150,000 The Rutgers Business School’s Institute for Ethical Leadership’s mission is to promote and strengthen sustainable ethical leadership to enhance civil society. Prudential’s grant supports the Institute’s nonprofit leadership development program and The Prudential Foundation Nonprofit Leadership Fellows Program.

Rutgers University Foundation New Brunswick, NJ—$50,000 Rutgers University School of Criminal Justice is one of the nation’s leading programs in criminal justice that conducts policy research with a special emphasis on New Jersey’s public safety. Prudential’s grant supports the implementation of an initiative in Newark that links at-risk youth involved in gang activity to social services, and workforce and education programs to decrease gang violence.

2011 Community Resources Annual Report

Second Harvest of Greater New Orleans New Orleans, LA—$50,000 Second Harvest Food Bank of Greater New Orleans and Acadiana is leading the fight against hunger in south Louisiana through food distribution, advocacy, education and disaster response. Prudential’s grant supports the acquisition and distribution of food for people at risk of food insecurity in the communities it serves.

Sesame Workshop New York, NY—$250,000 Sesame Workshop’s mission is to educate children and young people through highquality and entertaining media, products and outreach efforts, with a special commitment to reach underserved children. Prudential’s grant supports the development of the Children’s Resiliency Initiative, a multimedia educational outreach program that provides resources to help foster and enhance resiliency skills in children aged 2 through 8 in military families and the civilian community.

Smithsonian Institution, National Museum of African American History and Culture Washington, DC—$333,000 The National Museum of African American History and Culture is the only national institution dedicated exclusively to documenting and exploring African American life, history and culture, and is being constructed on the National Mall in Washington, DC. Prudential’s grant supports the design and construction of the museum.

MAKING A DIFFERENCE

The Support Center for Nonprofit Management, Inc. New York, NY—$60,000

Youth Development Clinic of Newark Newark, NJ—$75,000

The Support Center for Nonprofit Management (TSCNM) is dedicated to increasing the effectiveness of nonprofit and philanthropic leaders and organizations to better serve their constituencies and communities. Prudential’s funding supports TSCNM’s overall mission of assisting nonprofits with strategy and execution around organizational and leadership transitions, as well as management services focused specifically to Newark nonprofits.

United Way of Essex and West Hudson Newark, NJ—$100,000

Youth Development Clinic is a nonprofit professional service agency providing behavioral health services to children and their families in Newark. Prudential’s grant provides support for mental health services for children and youth participating in targeted youth development programs.

Grants less than $25,000 $25,000 or more Total “Arts & Civic Infrastructure” grants

$914,750 $5,222,000 $6,136,750

GLOBAL STRATEGY

The United Way of Essex and West Hudson’s (UWEWH) goal is to create long-lasting changes in community conditions by addressing the underlying causes of these problems. Prudential’s grant supports UWEWH’s mission to advance its Community Impact Plan, focusing on education, health and income-related strategies in Newark and the Greater Newark area.

Wynona’s House, A New Jersey Nonprofit Corporation Newark, NJ—$50,000 Wynona’s House is a child advocacy organization which promotes justice and healing for child victims of abuse and violence through prosecutorial advocacy, treatment and prevention services. Prudential’s grant provides capacity-building support to address fundraising needs and leverage philanthropic opportunities in the Greater Newark area.

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United States Fund for UNICEF New York, NY—$664,000 The United States Fund for UNICEF supports UNICEF’s humanitarian relief work through fundraising, advocacy, and education in the United States. Prudential’s grant supports the creation of a co-branded signature initiative supporting UNICEF’s global education programs and supports two in-country programs that promote access to quality education to marginalized children in Mexico and Brazil.

Washington Center for Internships and Academic Seminars Washington, DC—$330,000 The Washington Center for Internships and Academic Seminars provides an integrated academic and work experience to prepare college students and professionals for lives of achievement and civic engagement. Prudential’s grant establishes The Prudential Foundation Global Citizens Program, an international exchange program that provides academic and work experience for college students from Japan, Taiwan, Korea and India.

YouthBuild International Brazil Somerville, MA—$445,000 YouthBuild USA and its operating division, YouthBuild International, is a U.S.-based non-governmental nonprofit organization with a mission to build a global network dedicated to reaching, inspiring, training and connecting young people to employment opportunities. Prudential’s grant supports the establishment of two affiliates in Brazil and expands its program in Mexico.

Grants less than $25,000 $25,000 or more Total “Global Strategy” grants

$0 $1,439,000 $1,439,000

2011 Community Resources Annual Report

2011 SOCIAL INVESTMENTS NEWARK REVITALIZATION Prudential has been located in Newark for more than 100 years and has a longstanding tradition of investing in major redevelopment efforts within Newark including both the New Jersey Performing Arts Center and the Prudential Center. In 2011, Prudential invested $15 million in four major initiatives in Newark designed to catalyze economic development across a variety of sectors. These new investments bring Social Investments’ total portfolio in the city to $94 million and include a diverse array of investment approaches.

BCDC Newark Fund $4,000,000

Indigo Hotel Redevelopment $4,920,000

Social Investments expanded its partnership with New Jersey Community Capital (NJCC), the state’s largest community development financial intermediary, through a joint venture between Prudential, NJCC, and Newark’s independent economic development agency, Brick City Development Corporation (BCDC). Under the joint venture, Prudential provided $4 million to support loans to small businesses located in or relocating to Newark. The innovative structure will deploy vital capital to local small businesses, while also coordinating economic development efforts in the city.

810 Broad Street is a 12-story, nearly 100-year-old historic structure centrally located on the main business thoroughfare in Newark in close proximity to the Prudential Center and the New Jersey Performing Arts Center. It is being redeveloped into a 106-room mid-market boutique hotel in the Indigo chain’s signature commitment to “evoke the individual tastes and cultures that make up our communities.” Once complete, the project will be the first hotel in the state of New Jersey with a LEED Platinum status. Together with the Courtyard by Marriott scheduled to open in 2013, the Indigo will be the first new hotel development in Newark in over 40 years. Prudential purchased $4.9 million in Redevelopment Area Bonds (RABs)* to support the $29.6 million restoration.

INVESTMENT TYPE

SOCIAL STRATEGY

9% Direct Business Investments

4% Arts & Civic Infrastructure

35% Financial Intermediary Investments

8% Capital Innovations

13% Limited Partnership Funds

48% Community & Physical Revitalization

20% Real Estate & Revenue-Backed Bonds

18% Education

23% Structured Finance

22% Employment, Empowerment & Entrepreneurship

*Redevelopment Area Bonds (RABs) are debt securities that enable municipalities to pay for infrastructure improvements and environmental remediation to support redevelopment in designated redevelopment areas. The bonds are issued by the New Jersey Economic Development Authority (NJEDA) on behalf of municipalities and are backed by “Payments in Lieu of Taxes,” or PILOT agreements, negotiated by the municipality with the developer. MAKING A DIFFERENCE

27

2011 Community Resources Annual Report

Ironbound Film and Television Studios $1,250,000

B Lab Berwyn, PA—$7,500,000

Carver Federal Savings Bank New York, NY— $10,000,000

Over the last 15 years, Newark’s entertainment and cultural environment has significantly expanded. Along with the notable successes of the New Jersey Performing Arts Center and the Prudential Center, entertainment venues have brought jobs and a welcome resurgence to the city. Ironbound Film and Television Studios, LLC (IFTS) was created to leverage those investments and further catalyze the sector. IFTS is a 37,600-square-foot studio facility in the Ironbound neighborhood of Newark, NJ. The facility’s layout includes soundstages, music production booths, and post-production spaces for television, commercials, film, and other content. It will serve as an affordable alternative to production spaces in New York and is being run with active participation from the Newark Office of Film and Television. This investment supports Prudential’s previous 2010 activity with IFTS.

Since 2010, The Prudential Foundation has supported the innovative work of B Lab, a nonprofit organization dedicated to using the power of business to solve social and environmental problems. Its primary focus is to build a community of socially responsible businesses, known as Certified B Corporations, or “B Corps.” In 2011, Prudential increased its support of B Lab through a $7.5 million investment that allows B Lab to grow their business and create a sustainable model.

Carver Bancorp, Inc., is the holding company for Carver Federal Savings Bank, the largest African CaribbeanAmerican held bank in the United States. The bank is headquartered in Harlem, and nearly all of its branches and ATM centers are located in historically low- to moderateincome neighborhoods in New York City. Carver plans to serve the unbanked market, where financial services are currently provided by alternative financial services firms (i.e., payday lenders), rather than banks, a strategy that will benefit both the bank and the community that it serves.

Teachers Village Redevelopment $5,265,000 Teachers Village is a $130 million, eight-building, mixed-use development in downtown Newark. Designed by renowned architect Richard Meier, the project’s goal is to transform five currently blighted city blocks into an active pedestrian community of diverse local and national retailers, contextual low-rise modern apartment buildings, and new state-of-theart educational space for the relocation and expansion of three high-performing local charter schools. Social Investments’ support is through the purchase of $5.265 million in RABs. Additionally, Prudential’s Structured Transaction Unit also provided an allocation of more than $50 million in New Markets Tax Credits to assist the project financing.

MAKING A DIFFERENCE

Currently, B Lab has three critical areas of activity. Foremost is the certification of impact-focused businesses as “B Corps.” Second is B Lab’s advocacy for policy and legislation to further adoption of the corporate form. Certification as a benefit corporation gives businesses charter definition and legal standing to pursue triple bottom line returns – considering environmental and social impacts in addition to financial returns to investors and stakeholders. Lastly, the organization works to facilitate the development of appropriate rating and valuation standards for the impact investing industry and investors through the Global Impact Investing Rating System (GIIRS). Developed by B Lab and introduced in 2011, GIIRS makes it easier for more traditional, mainstream investors to make socially responsible investments.

Prudential’s investment was part of Carver’s 2011 capital raise. The $55 million capital infusion provides the resources necessary for the bank to stabilize operations. Prudential recognizes the need that community banking institutions have for additional capital in the aftermath of the financial crisis to steady their own business while continuing to serve under-resourced communities. This investment reflects our commitment to seek opportunities that deliver deep social benefits, as well as appropriate, risk-adjusted financial returns.

To date, B Lab has certified over 500 companies across 60 industries representing $2.9 billion in revenue. Twelve states have introduced legislation calling for the new corporate form, and more than 55 funds and 450 companies from 30 countries have participated in the GIIRS rating process. Prudential was recognized as GIIRS Pioneer Investor for its significant holdings of GIIRS-rated investments.

28

2011 Community Resources Annual Report

Habitat for Humanity International Americus, GA—$3,000,000 Habitat for Humanity International (Habitat) is a nonprofit that seeks to eliminate poverty housing and homelessness worldwide. Since its inception, Habitat has built, rehabilitated and repaired over 90,000 houses in the United States and another 370,000 houses abroad using largely volunteer labor. As part of its signature program, all prospective homeowners put in significant “sweat equity” into their homes and typically have incomes between 30 and 60 percent of Area Median Income. At the completion of construction, homeowners accept a zero percent interest rate purchase money mortgage for the cost of construction (which is originally financed through donations). Habitat is currently ranked as the sixth-largest homebuilder in the United States, and its affiliates currently hold mortgages with balances totaling approximately $1.4 billion. To increase housing development, Habitat worked closely with Prudential to develop a secondary market for their mortgages. Under a program now known as FlexCAP, Habitat has raised approximately $119 million in financing for over 260 affiliates, which enables affiliates to engage in additional housing development activity that empowers families and revitalizes neighborhoods across the country.

MAKING A DIFFERENCE

Living Cities – The Integration Initiative Baltimore, Cleveland, Detroit and the Twin Cities—$6,643,933 Founded in 1991, Living Cities is a philanthropic collaborative of 22 of the world’s largest foundations and financial institutions focused on improving the lives of low-income people and the urban areas in which they live. Its members have collectively invested over $600 million, and leveraged billions more to build homes, stores, schools and a variety of other community facilities. Prudential has participated since the organization’s inception, investing a total of $74 million in loans. Prudential’s current investment supports The Integration Initiative, a multi-year effort designed to support bold approaches for transformation of urban areas to improve economic opportunity for low-income families. Through The Integration Initiative, a pool of $75 million to $80 million in grants and loans is being made to local community development strategies in Baltimore, Cleveland, Detroit, the Twin Cities of Minneapolis and St. Paul, and Newark, NJ. All participating cities were selected on a competitive basis.

My Image Studios New York, NY—$4,000,000 My Image Studios (MIST) is a 22,000-square-foot performance space, film studio and restaurant venue located at The Kalahari Building in Harlem, New York City. While Harlem has witnessed a tremendous revival in the past decade, it has less than a third of the retail and restaurants per capita of lower Manhattan. In addition to providing a cultural venue, MIST was conceived with a dual social purpose of (1) empowering the community by providing opportunities for residents to use the facilities to tell their own narratives, and (2) providing high-quality jobs for neighborhood residents. In total, the business will create approximately 85 full- and part-time jobs, with a majority coming in the skilled service, technical and managerial sectors. Employees will have opportunities to cross-train in different business segments, and 5 percent of MIST’s net revenues will be reserved for education accounts. Prudential provided a $4 million subordinate loan to the project.

In Newark, Prudential has established and will manage an $18 million Newark Investment Fund as a conduit for its funds and those of other lenders and investors. The fund focuses on creating healthy and thriving neighborhoods in Newark by addressing environmental and community conditions that cause barriers to educational and economic success.

29

2011 Community Resources Annual Report

Redmellon New Orleans, LA—$6,250,000 Six years after Hurricane Katrina, the population of the City of New Orleans is at only 70 percent of its pre-Katrina population. There are an estimated 40,000 to 65,000 blighted, vacant units within the city limits – almost all of which are located in one- and two-family neighborhoods. Historically, affordable housing subsidies have almost exclusively been used to develop large multifamily buildings. Regrettably, this strategy has proven largely ineffective in supporting vibrant, sustainable communities. Against this backdrop, Prudential identified a unique opportunity to partner with Redmellon, a mission-driven real estate company, to innovatively deploy capital to support the appropriate redevelopment of neighborhoods in New Orleans, and show the viability of scattered-site low-income housing development. Redmellon utilizes subsidies for workforce and low-income housing to rehabilitate thousands of blighted, single-family and two-family structures that preserve the historic fabric of the city, rather than creating large, multi-unit housing complexes. This is in stark contrast to most conventional commercial lenders, who have been reluctant to fund such development, since they prefer large complexes where the scope of work is uniform, underwriting is easier, and there is often only one parcel to build, manage and, if necessary, repossess.

Southern Food and Beverage Museum New Orleans, LA—$1,500,000

The U.S. Fund for UNICEF New York, NY—$7,500,000

Established in 2004, the Southern Food and Beverage Museum (SoFab) has a mission to celebrate and document Southern food, drink and culture through exhibits, digital and social media, programs, public outreach and collections. In 2011, it was named as “one of the five great museums devoted to food in the world” by Saveur magazine.

Each year, UNICEF’s Supply Division is responsible for procuring and distributing 1.2 billion water purification tablets, 23 million mosquito nets, 21,000 metric tons of food and more than 2.5 billion doses of vaccines – enough to immunize 58 percent of the world’s children. Despite its extraordinary scale, UNICEF operates exclusively on a cash basis due to limitations in its charter. This can delay the organization from delivering these critical supplies in times of need. Prudential Social Investments worked closely with the U.S. Fund for UNICEF (U.S. Fund) to create and launch the UNICEF Bridge Fund (Bridge Fund) with an anchor investment of $7.5 million.

Prudential’s investment to the developer THORON Investments helps finance the acquisition, rehabilitation and fit-out of a historic retail market, formerly known as the Dryades Market, to serve as the new home for the Southern Food and Beverage Museum. The new location is in the Oretha Castle (OC) Haley corridor in the Central City neighborhood of New Orleans. OC Haley was once the most prominent African American shopping corridor in the city and played an important role in the civil rights movement. It fell into tremendous disrepair and blight, but has recently experienced a resurgence that Prudential has played a vital role in supporting, with both grants and investments. Once completed, the project will provide over 20,000 square feet of exhibit space, a ground-floor restaurant and bar, and a commercial kitchen available for use by local entrepreneurs, contributing to the cultural, commercial and economic revitalization of the area.

Prudential provided Redmellon with a $6.25 million loan to perform scattered-site development for 137 units. Our financing supports acquisition costs, development, and long-term permanent financing.

The Bridge Fund will improve UNICEF’s Supply Division operations in three critical ways. First, it will allow UNICEF to expedite the delivery of life-saving supplies through its ability to purchase goods immediately – a critical improvement from its current model that requires it to wait for donor pledges to be received. Second, it will reduce costs by enabling them to purchase in bulk and enter into long-term contracts. With greater lead times and scale, UNICEF will also be able to utilize alternate shipping methods, drastically reducing delivery costs. Finally, UNICEF’s new ability to commit to multi-year contracts will positively impact its supply-chain producers by facilitating investment in additional capacity and domestic operations. Over time, this will reduce delivery times and cost, and increase local economic development. The fund is expected to total $60 million, with capital revolving an average of 2-3 times per year. Total Investments Committed in 2011* Total Outstanding Investments (as of 12/31/2011)

$62 Million $331,764,102

*These investments were approved in 2011; on occasion, some investments fail to close. MAKING A DIFFERENCE

30

2011 Community Resources Annual Report

2011 AUDITED FINANCIAL STATEMENTS REPORT OF INDEPENDENT AUDITORS

in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation’s internal

The Board of Trustees

control over financial reporting. Accordingly, we express no

The Prudential Foundation

such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the

We have audited the accompanying consolidated statements

financial statements, assessing the accounting principles

of financial position of The Prudential Foundation (the

used and significant estimates made by management, and

Foundation) as of December 31, 2011, and 2010, and

evaluating the overall financial statement presentation.

the related consolidated statements of activities and cash

We believe that our audits provide a reasonable basis for

flows for the years then ended. These financial statements

our opinion.

are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial

In our opinion, the financial statements referred to above

statements based on our audits.

present fairly, in all material respects, the consolidated financial position of The Prudential Foundation as of

We conducted our audits in accordance with auditing

December 31, 2011, and 2010, and the consolidated change

standards generally accepted in the United States. Those

in its net assets and its cash flows for the years then ended,

standards require that we plan and perform the audits to

in conformity with U.S. generally accounting principles.

obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Foundation’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as

New York, New York

a basis for designing audit procedures that are appropriate

May 21, 2012

MAKING A DIFFERENCE

31

2011 Community Resources Annual Report

The Prudential Foundation Consolidated Statements of Financial Position As of December 31, 2011 and 2010 (in thousands)

2011 2010 ASSETS Cash and cash equivalents

$

Restricted cash

12,062

$

9,109

5,272

3,194

Investments 73,279 66,253 Investment income receivable

170

146

Program-related investments, net

9,427

10,349

Federal excise tax receivable

5

12

TOTAL ASSETS

$

100,215

$

89,063

$

8,075

LIABILITIES AND NET ASSETS Liabilities Grants payable, net less than 1 year

$

9,910

more than 1 year

3,066

2,582

Matching gifts payable

3,277

3,788

Accrued expenses

38

3

Deferred revenue

-

1

Deferred tax liability

123

95

TOTAL LIABILITIES

16,414

14,544

Unrestricted

78,529

71,550

Temporarily restricted

5,272

2,969

TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS $

83,801 100,215 $

74,519 89,063

Commitments (see Note 10) NET ASSETS

See accompanying notes.

MAKING A DIFFERENCE

32

2011 Community Resources Annual Report

The Prudential Foundation Consolidated Statements of Activities For the years ended December 31, 2011 and 2010 (in thousands)



2011 2010 Temporarily Temporarily Unrestricted Restricted Total Unrestricted Restricted Total

REVENUES, GAINS/(LOSSES) AND OTHER SUPPORT Contributions

$ 27,896

$ 5,039

$ 32,935

$ 30,004

$ 1,000

$ 31,004

Interest and dividends 2,940

3 2,943 3,131

5 3,136

Interest on program-related investments

-

-

388

388

444

444

Contributed services 3,096

- 3,096 2,522

- 2,522

Investment gains/(losses), net 3,076

- 3,076 3,098

- 3,098

Net assets released from restriction 2,739 (2,739) TOTAL REVENUES, GAINS/(LOSSES), AND OTHER SUPPORT

$ 40,135

$ 2,303

- 1,752 (1,752)

$ 42,438

$ 40,951

$

(747)

-

$ 40,204

EXPENSES Grants 23,397

- 23,397 20,548

- 20,548

Matching gifts 8,170

- 8,170 7,040

- 7,040

Provision/(reduction) of allowance for losses on program-related investments

395

-

395

741

-

741

Federal excise tax - current

50

-

50

17

-

17

Federal excise tax - deferred

28

-

28

35

-

35

General and administrative 1,116

- 1,116 1,272

- 1,272

TOTAL EXPENSES 33,156

- 33,156 29,653

- 29,653

Change in net assets 6,979 2,303 9,282 11,298

(747) 10,551

Net assets, beginning of year 71,550 2,969 74,519 60,252 3,716 63,968 NET ASSETS, END OF YEAR

$ 78,529

$ 5,272

$ 83,801

$ 71,550

$ 2,969

$ 74,519

See accompanying notes

MAKING A DIFFERENCE

33

2011 Community Resources Annual Report

The Prudential Foundation Consolidated Statements of Cash Flows For the years ended December 31, 2011 and 2010 (in thousands)



2011 2010

CASH FLOWS FROM OPERATING ACTIVITIES Proceeds from contributions

$

26,664

$

30,004

Interest and dividend income received

3,304

3,490

Grants paid

(15,827)

(17,945)

Matching gifts paid

(8,681)

(6,906)

Federal excise taxes paid

(43)

(29)

Other expenses paid

(273)

(549)

Net cash provided for operating activities

5,144

8,065

Proceeds from repayments of program-related investment loans

3,107

1,726

Disbursements for program-related investments loans

(2,580)

(6,281)

Proceeds from sale of investments

26,228

23,000

Purchases of investments

(28,946)

(28,644)

Net cash used in investing activities

(2,191)

(10,199)

Net increase/(decrease) in cash and cash equivalents

2,953

(2,134)

CASH FLOWS FROM INVESTING ACTIVITIES

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 9,109 11,243 CASH AND CASH EQUIVALENTS, END OF PERIOD

$

ADJUSTMENTS TO RECONCILE CHANGE IN NET ASSETS TO NET CASH USED IN OPERATING ACTIVITIES Change in net assets $ Investment (gains) loss, net Donated securities Increase of allowance for losses on program-related investment loans Changes in Restricted cash Investment income receivable Prepaid expenses Grants and matching gifts payable Accrued expenses Deferred revenue Deferred tax liability Federal excise tax receivable Net cash used in operating activities

$

12,062

$

9,282 $ (3,076) (1,232) 395 (2,078) (24) - 1,808 35 (1) 28 7 5,144

$

9,109

10,551 (3,098) 741 520 (85) 1 (492) (90) (6) 35 (12) 8,065

See accompanying notes MAKING A DIFFERENCE

34

2011 Community Resources Annual Report

The Prudential Foundation Notes to Consolidated Financial Statements For the years ended December 31, 2011 and 2010 (in thousands)

1. ORGANIZATIONAL STRUCTURE The Prudential Foundation (the Foundation) is a not-forprofit corporation organized under the statutes of the State of New Jersey. The Prudential Insurance Company of America (Prudential Insurance), a subsidiary of Prudential Financial Inc. (Prudential Financial), is the Foundation’s primary supporter. Prudential Insurance and its affiliates also provide the Foundation with management and administrative services. Based on the designation of contributions, the Foundation’s Board of Trustees and management may use the income or principal of the property received from Prudential Insurance and its affiliates for disbursements to qualifying not-for-profit and other organizations whose missions complement the Foundation’s goals. The Foundation seeks to improve the quality of individual and community life by supporting innovative programs that address the needs of society in domestic and international markets where Prudential Financial has an interest. The Foundation places special emphasis on making grants in the city of Newark, New Jersey (its headquarters location) but has identified other target cities for local and national grants where Prudential Financial maintains a presence. The Foundation’s primary focus is on children and families in the areas of education, youth development, and economic development. Program-related investment loans are an additional vehicle to complement its grant-making function. Newark Investment Fund, LLC (NIF) was formed in December 2011 as a single member limited liability company to act as a conduit lender. The purpose of NIF is to deploy debt capital of the Foundation and third-party lenders in support of the Strong Healthy Community Initiative in Newark. The Foundation is the single member of NIF, and its financial statements are consolidated in the accompanying financial statements. The NIF has been capitalized as of December 31, 2011 and transactions will commence in 2012.

MAKING A DIFFERENCE

2. S  UMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the U.S (U.S. GAAP).

Principles of Consolidation The consolidated financial statements include the accounts of the Foundation and NIF, a single-member limited liability company. The Foundation is its single member. All intercompany transactions and account balances have been eliminated in the consolidation of accounts.

Fund Accounting To ensure observance of limitations and restrictions placed on the use of the resources available to the Foundation, its accounts are classified into net asset classes that are in accordance with specific activities and objectives. In the accompanying financial statements, net assets with similar characteristics have been combined into two net asset classes: unrestricted and temporarily restricted. a. Unrestricted net assets represent funds that are fully available, at the discretion of the Board of Trustees and its management, for the Foundation to utilize in any of its programs or supporting services. b.­­Temporarily restricted net assets contain donor-imposed restrictions that permit the Foundation to use or expend the assets only as or when specified. The restrictions are satisfied either by the passage of time or by the actions of the Foundation. c.­­There are no permanently restricted net assets at December 31, 2011 and 2010.

35

Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Estimates are used to determine the value of services contributed to the Foundation by Prudential Insurance and its affiliates, the discount rate used in the calculation of the fair value of grants payable, and the allowance for losses on program-related investment loans. Actual results could differ from those estimates.

Cash Equivalents Cash equivalents, including restricted cash, include amounts held in money market accounts and all highly liquid debt investments with an original maturity of three months or less.

Investments Investments are carried at fair value based upon quoted market prices, or, if donated, at the estimated fair value on the date of the gift. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). All transactions are recorded on a trade-date basis. The Foundation is subject to the provisions of the authoritative guidance issued by the Financial Accounting Standards Board (FASB) for Fair Value Measurements. The authoritative guidance around fair value establishes a hierarchy that prioritizes the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable.

2011 Community Resources Annual Report

The three levels of the hierarchy under fair value measurement are described below: Level 1: Fair value is based on unadjusted quoted prices in active markets that are accessible to the Foundation for identical assets or liabilities. Level 2: Fair value is based on significant inputs, other than Level 1 inputs, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 3: Fair value is based on at least one or more significant unobservable inputs for the asset or liability. Changes in valuation techniques may result in transfers in or out of an assigned level within the hierarchy.

Program-Related Investments Program-related investments (PRIs) must meet several Internal Revenue Service (IRS) criteria relating to the purpose of the investment, including having a charitable purpose and a below-market return. PRIs are stated at the amount advanced, less the allowance for losses. The allowance for losses applies to any PRI for which nonrepayment is remote to reasonably possible. Semiannually, a review of the risk rating for each outstanding viable PRI is made, and (if required) the allowance for losses is modified. This risk rating is then used to calculate the individual allowance for losses. The amount recorded as the total allowance for losses for the portfolio is equal to the sum of individual allowance for losses. The allowance for losses was $1,284 and $889 at December 31, 2011, and 2010, respectively.

is applied against the principal and interest balance due and any additional payment is recorded to “Interest on programrelated investments.” The allowance for losses is released when the principal is received.

Impaired Loans Policy The PRI portfolio will impair an investment when it is “probable” that repayment obligations (principal and interest) due according to the contractual terms will not be met. The term “probable” is used consistent with its use in Accounting Standards Codification (ASC) 450. In this instance, the PRI’s carrying value is written down to an amount determined by the impairment measures listed below. A PRI need not be considered impaired if there is insignificant delay in the timing of payments or insignificant deficiency in the amount of payment.

Measuring Impairment a. T  he present value of expected future cash flows discounted at the loan’s effective interest rate. The effective rate is the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at origination or acquisition of the loan. If the PRI has been restructured in a troubled debt restructuring involving a modification of terms, the effective interest rate should be based on the original contractual interest rate, not the rate specified in the restructuring agreement. Estimates of expected future cash flows should be a best estimate and should be based on reasonable and supportable assumptions. Estimated costs to sell should be considered on a discounted basis if such costs are expected to reduce the cash flows available to repay the loan.

Interest is recognized on an accrual basis. For PRIs with deferred fees, the fees are amortized into interest revenue over the life of the loan.

b. T  he PRIs observable market price. An “observable” price would be one normally obtained from the secondary market.

A PRI is placed on non-accrual status when it is 90 days past due. A PRI is placed back on accrual status, when the past due balance has been paid. If payment is received after a PRI is placed on non-accrual or past due status, the cash

c. T  he fair value (market value) of the collateral, if the PRI is collateral dependent. A PRI is considered to be collateral dependent if repayment of the PRI is to be provided solely from the collateral.

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36

Regardless of the measurement method used, where foreclosure is probable, impairment should be measured based on the fair value of the collateral, and the PRI remains classified as a loan until possession of the collateral is obtained.

Investment Gains and Losses, Net Investment gains and losses, net, include realized gains and losses on investments and changes in unrealized gains and losses on investments. Realized gains and losses are calculated based on the difference between the cost of the investments and the proceeds received from the sale of the respective investments. Changes in unrealized gains and losses, net, are calculated based on the change in the difference between the cost and fair values of investments at December 31 of the current year compared to the cost and fair values of investments at December 31 of the prior year. Gains and losses on investment transactions are reflected as changes to unrestricted and temporarily restricted net assets.

Contributions and Contributed Services Contributions and contributed services are reflected in the financial statements at their fair value at the date of donation. Contributions and contributed services received are recorded as unrestricted, temporarily restricted, or permanently restricted support, depending on the existence and/or nature of any donor restrictions. Contributions and contributed services are recognized as revenue when they are received or pledged unconditionally. Contributions whose restrictions are met within the same fiscal year as initially recorded are classified as unrestricted net assets. All donor-restricted contributions are recorded as temporarily restricted revenue if they are received with donor stipulations that limit the use of the donated assets. When a donor’s restriction expires (that is, when a stipulated time restriction ends or purpose restriction is accomplished), temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions.

2011 Community Resources Annual Report

Grants and Matching Gifts Grants are recorded when they are approved for distribution by the Board of Trustees. Grants payable in more than one year are discounted to the present value of future payments, which approximates fair value. The discount rate used for 2011 is the two- and three-year Prudential Insurance Company of America borrowing rate as of the end of the month in which the grant was approved. At December 31, 2011, the two- and three-year borrowing rates used to discount future payments ranged from 1.135% to 5.870%. At December 31, 2010, the two- and three-year borrowing rates used to discount future payments ranged from 1.135% to 2.537%. The discount to present value related to grants payable was $77 and $87 at December 31, 2011 and 2010, respectively. Matching gifts and challenge grants are recorded upon receipt of appropriate, written documentation by the Foundation of eligible gifts made. Matching gifts in 2011 included $1,499 distributed to employees of Prudential Financial in Japan for qualified disaster relief in accordance with IRS 3833.

categories and separate presentation of purchases, sales, issuances, and settlements within the rollforward of Level 3 activity. Also, this updated fair value guidance clarifies the disclosure requirements about the level of disaggregation and valuation techniques and inputs. This new guidance is effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the rollforward of Level 3 activity, which are effective for interim and annual reporting periods beginning after December 15, 2010. The Foundation adopted the effective portions of this guidance on January 1, 2010. The required disclosures are provided in Note 4.

4. FAIR VALUE MEASUREMENTS

3. INVESTMENTS

The table below presents the aggregate value by input level and the balances of assets measured at fair value on a recurring basis, as of December 31, 2011, and 2010:



December 31, 2011



Cost

Commingled trust fund: Fixed-income securities Total Investments

Fair Value

$ 67,128 $ 67,128

$ 73,279 $ 73,279



December 31, 2010



Cost

In July 2010, the FASB issued updated guidance that requires enhanced disclosures related to the allowance for credit losses and the credit quality of an entity’s financing receivable portfolio. The disclosures as of the end of a reporting period are effective for interim and annual reporting periods ending on or after December 15, 2011. The Foundation adopted this guidance effective December 31, 2011. The required disclosures are included in Note 5.

The carrying amount of cash equivalents and restricted cash in the statements of financial position is at fair value.

Investments The fair value of the commingled trust fund represents the Foundation’s share of the net assets of the commingled trust fund in which the Foundation invests.



Certain amounts in prior years have been reclassified to conform to the current year presentation.

Accounting Pronouncements Adopted

Cash Equivalents and Restricted Cash



Reclassifications

Commingled trust fund: Fixed-income securities Total Investments

The following methods and assumptions were used to estimate the fair value of each class of financial instruments where it was practicable to estimate the value:

$ 61,517 $ 61,517

Fair Value

$ 66,253 $ 66,253

The cost and fair value of the Foundation’s investments were approximately as follows: Prudential Trust Company, a subsidiary of Prudential Financial, is the trustee of the commingled trust fund.

December 31, 2011 Level 1

Level 2

Total

Cash equivalents $ 1 2,023 $ - $ 12,023 Restricted cash 5,272 - 5,272 Commingled trust fund Fixed-income securities - $7 3,279 $ 7 3,279 Total $1 7,295 $ 7 3,279 $ 9 0,574

December 31, 2010 Level 1

Level 2

Cash equivalents $ 9,008 $ - $ Restricted cash 3,194 - Commingled trust fund Fixed-income securities - 6 6,253 Total $1 2,202 $ 6 6,253 $

Total

9,008 3,194

6 6,253 7 8,455

In January 2010, the FASB issued updated guidance that requires new fair value disclosures about significant transfers between Level 1 and Level 2 measurement

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2011 Community Resources Annual Report

Cash equivalents and restricted cash are money market funds traded on an active exchange.

The following identifies the repayment periods for PRI loans and mortgage receivables:

The Foundation has significant investments in the commingled trust fund and is therefore subject to concentrations of credit risk. Investments are made and monitored for the Foundation by an investment advisor (see Note 7). Although the fair value of investments is subject to fluctuations on a year-to-year basis, management believes the investment policy is prudent for the Foundation’s longterm welfare.



Periodically, there are transfers between Level 1 and Level 2. There was $25 million in transfers from Level 1 to Level 2 as a result of a contribution received from Prudential Insurance in 2011 and 2010. There was $25 million in transfers from Level 2 to Level 1 to cover disbursements in 2011 and $23 million in 2010. Transfers are recognized at the actual transfer date. There was no change in valuation methodologies during 2011 and 2010.

5. PROGRAM-RELATED INVESTMENT LOANS The total outstanding PRI loans of $10,711 and $11,238 are stated at the amount advanced, less the allowance for losses of $1,284 and $889 at December 31, 2011 and 2010, respectively. Loans have below-market rates ranging from 2.000% to 6.125% and maturities through April 1, 2021. Two loans are collateralized by mortgages on real estate. They had an outstanding balance of $4,401 and $5,039 at December 31, 2011 and 2010, respectively.

December 31



2011

Less than one year $ One to five years More than five years Less: Allowance for losses $

4,894 $ 3,635 265 4,047 5,552 3,556 (1,284) (889) 9,427 $ 10,349

2010

The company’s program-related loans and mortgages are comprised as follows at December 31:

Program-related investments

2011 Amount

% of Total

Loans $ 6,310 58.9% Mortgages 4,401 41.1% Total program-related Investments 10,711 100.0% Allowances for losses (1,284) Net program-related investments $ 9,427 2010 Program-related investments Amount % of Total Loans $ 6,199 55.2% Mortgages 5,039 44.8% Total program-related Investments $ 11,238 100.0% Allowances for losses (889) Net program-related investments $ 10,349

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In most cases, loans and mortgages are made to not-forprofit organizations. The program-related investment loans and mortgages are geographically dispersed within the U.S., with the majority provided to entities in Newark, New Jersey; New York, New York; Los Angeles, California; and Jacksonville, Florida. Activity in the allowance for losses for all program-related investment loans and mortgages for the years ended December 31 is as follows:

2011

2010

Allowance for losses, beginning of the year $ 889 $ Addition to allowance for losses 395 Charge-offs, net of recoveries – Allowance for losses, end of the year $ 1,284 $

148 741 – 889

The following table sets forth the allowance for losses and the recorded investments in program-related investment loans and mortgages as of December 31, 2011: Allowance for losses

Loans Mortgages Total

Ending balance individually evaluated for impairment $8 19 Ending balance collectively evaluated for impairment - Ending balance loans acquired with deteriorated credit quality - Total $8 19

$ 71



-

394 $4 65

$ 890



-

394 $1 ,284

2011 Community Resources Annual Report

Recorded investment

Ending balance, gross of allowance for losses Individually evaluated for impairment Collectively evaluated for impairment Acquired with deteriorated credit quality Total

development activity. As of December 31, 2011, $469 of unfunded commitments remained on modified loans.

Loans Mortgages Total

$ 6,310



-

- $ 6,310

$ 2,824



$ 9,134

-

,577 1 $ 4,401



-

1,577 $ 10,711

The table below provides an aging of past due program-related investment loans and mortgages as of December 31, 2011.

The allowance for losses includes a reserve determined on each individual loan in the PRI portfolio. The allowance for losses amount is the product of the loan’s reserve percentage based on an internal loan rating system and the outstanding balance of the loan. Each loan is assigned an internal loan rating, taking into account actual operations and repayment performance, strength of collateral (including loan-to-value ratio), strength of repayment capacity (liquidity, debt coverage, etc.), and management capability. This internal rating system uses servicing categories to differentiate credit quality of the loans. As of December 31, 2011, $5,001 of loans and $2,824 of mortgages were performing and $1,309 of loans and $1,577 of mortgages were in closely monitored status with a higher recorded allowance for losses.

All loans and mortgages had a related allowance for losses recorded for the year ended December 31, 2011. There were no other than temporary impairments on loans or mortgages as of December 31, 2011.

Due to the nature of the investment in the PRI portfolio, management works with the borrowers to modify the terms of the agreements prior to past due balances becoming delinquent.

The terms of two PRI loans were modified in December 2011 and January 2012. The modifications included extending the maturity date by one year to allow for the timely progression of the project and the liquidity covenant was changed to allow the organization to increase its

6. TEMPORARILY RESTRICTED The Foundation’s Board of Trustees approved the creation of a Disaster Relief Fund in 2006. Prudential Financial or its subsidiaries will contribute $1,000 annually, up to approximately $5,000 plus investment earnings.

31-59 Days 60-89 Days Current Past Due Past Due

Loans Mortgages Total

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$6 ,311 2,823 $ 9,134

$ $

- - -

$ $

- - -

Donations from the fund will be used to make direct contributions to disaster relief organizations for disaster relief efforts. As the funds are called upon, Prudential Financial or its subsidiaries will replenish the fund. As of December 31, 2011 and December 31, 2010, the fair value of investments held in the Disaster Relief Fund was $5,272 and $2,969, respectively, and is reflected as temporarily restricted net assets in the accompanying statements of financial position. The Disaster Relief Funds are maintained in a separate account and are reflected as restricted cash in the accompanying statements of financial position. Net assets that totaled $2,739 and $1,750, respectively, were released from donor restrictions during 2011 and 2010 due to contributions made to disaster relief organizations.

7. RELATED-PARTY TRANSACTIONS Investment Fees Prudential Trust Company, a subsidiary of Prudential Financial, is the trustee of the funds in which the Foundation has invested. Quantitative Management Associates (QMA), an affiliate of Prudential Insurance, is the Foundation’s investment adviser. For its services in managing the funds, QMA received investment management fees of approximately $252 and $245 from the Foundation for the years ended December 31, 2011, and December 31, 2010, respectively.

As of December 31, 2011 Greater Than 90 Days Accruing

$ $

39

- - -

Greater Than 90 Days - Not Total Past Accruing Due

$ - 1,577 $ 1,577

$ $

Total Program-Related Investment Loans and Mortgages

- $ 6,311 - 4,400 - $ 10,711

2011 Community Resources Annual Report

Contributed Services Prudential Insurance has donated all support and personnel services necessary to perform several operating processes of the Foundation. The estimated fair values of these services are as follows:

2011 2010

General and administrative $ 809 $ 818 Grant and program-related 2,287 1,704 Total contributed services $ 3,096 $ 2,522 Contributions During 2011, an affiliate company of Prudential Insurance donated marketable securities with a fair value of $1,232 to Prudential Foundation. The securities received in 2011 were subsequently sold and the proceeds received invested in the money market fund for unrestricted purposes. During 2011, Prudential Insurance donated approximately $31,700 in cash of which about $26,700 was for unrestricted purposes and $5,000 was restricted for the Disaster Relief Fund. During 2010, Prudential Insurance donated approximately $31,000 in cash of which approximately $30,000 was for unrestricted purposes and $1,000 was restricted for the Disaster Relief Fund. The Prudential Foundation receives contributions from only the Prudential Insurance Company and its affiliates. The concentration of contributions poses a risk to the Foundation if Prudential Insurance Company and its affiliates were not able to make contributions.

8. FEDERAL TAX STATUS The Foundation is a private foundation exempt from Federal income tax under the Internal Revenue Code (IRC) Section 501(c)(3). It is, however, subject to a Federal excise tax equal to 2%, or 1%, of net investment income, including

MAKING A DIFFERENCE

net realized gains and losses. To qualify for the lower rate, the IRC requires that the Foundation’s distributions exceed a minimum threshold. The Foundation has provided for a Federal excise tax at a rate of 1% for 2011 and 2010. Deferred income taxes are generally recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. At December 31, 2011 and 2010, the Foundation had a deferred tax liability of approximately $123 and $95, respectively, related to unrealized gains on investments. The deferred provision on cumulative net unrealized gains in both 2011 and 2010 is based on a 2% tax rate. The Foundation follows the income tax uncertainties guidance, which prescribes a comprehensive model for how an entity should recognize, measure, present, and disclose in its financial statements uncertain tax positions that an entity has taken or expects to take on a tax return. The Foundation does not have any uncertain tax positions at December 31, 2011 and 2010. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2008.

9. OPERATING LEASE In March 2009, the Foundation renewed a one-year operating lease for certain premises in the building known as the Dryden Mansion, for which the Foundation had the option to purchase at a fixed price of $2,250. The Foundation signed a new lease effective March 1, 2010 for a 14-month period, with an option to purchase the property at a fixed price of $2,400. The Foundation terminated the lease on April 30, 2011, the end of the lease term. For the years ended December 31, 2011 and 2010, the Foundation incurred $13 and $77, respectively, in rent and other occupancy expenses that were offset by sublease rentals of $0 and $1, respectively.

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10. COMMITMENTS The Foundation’s Board of Trustees has approved a program of matching gifts for eligible participants of Prudential Financial and its participating subsidiaries to eligible organizations. The Prudential Foundation Matching Gift Program matches eligible employee gifts 1:1, up to $5,000 per individual per calendar year. However, the first $100 in direct gifts per individual, per year, will be matched at a 2:1 ratio. There was $1,250 in challenge grants, which were approved by the Board during 2010. The Prudential Foundation will match funds received by third-party organizations once the entities meet the established challenge thresholds. The challenge grants are payable between 2011 and 2013 when the conditions have been met. During 2011, Prudential Foundation matched $600 in challenge grants as a result of the third-party organizations meeting the challenge thresholds. As of December 31, 2011, the Foundation had approximately $969 of approved unfunded PRI loan commitments. During 2011, $1,000 of new commitments were made and fully funded. As of December 31, 2010, the Foundation had approximately $4,198 of approved unfunded PRI loan commitments outstanding, of which during 2011, $1,500 was funded, $2,229 expired unutilized, and $500 was repaid under the features of a revolver and can be funded in the future. As of December 31, 2011, the unfunded commitments have disbursement expiration dates ranging from April 2013 to September 2013.

11. CONCENTRATION OF CREDIT RISK The Foundation maintains its cash in a number of bank accounts. The cash in these accounts may exceed the maximum amount protected by the Federal Deposit Insurance Corporation and subjects the Foundation to a concentration of credit risk. However, the Foundation monitors this risk regularly.

2011 Community Resources Annual Report

The Foundation’s investments are held in the commingled trust fund managed by Prudential Trust Company, as discussed in Note 3. The Foundation participates in funds within the Trust that invest in fixed income securities. The Trust manages risk of these funds by investing in a broadly diversified portfolio with a high percentage of investment grade securities. The funds within the commingled trust fund are subject to interest rate, credit risk, and currency risk. The value of debt securities may decline as interest rates increase. The funds could lose money if the issuer of a fixed-income security is unable to pay interest or repay principal when it is due. The ability of the issuers of debt to meet their obligations may be affected by the economic and political developments in a specific industry or region. The funds are subjected to elements of risk not typically associated with investments in the U.S. due to concentrated investments in foreign issuers located in a specific country or region. Such concentrations will subject the funds to additional risks resulting from future political or economic conditions in such country or region, and the possible imposition of adverse governmental laws of currency exchange restrictions affecting such country or region, which could cause the securities and their markets to be less liquid and prices more volatile than those of comparable U.S. companies.

MAKING A DIFFERENCE

The funds are subject to risks associated with securities with contractual cash flows including asset-backed and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, prepayments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.

On February 15, 2012, the Foundation’s Board of Trustees approved a program-related investment of $3,000 to NIF. The Board also approved a $2,000 grant to an external organization for disaster relief efforts in Japan.

12. SUBSEQUENT EVENTS

On April 10, 2012, a program-related investment was repaid, which included principal and accrued interest of $1,235. In addition, the allowance for losses of $375 associated with this investment was released.

The Foundation has evaluated subsequent events through May 21, 2012, which is the date these financial statements were available to be issued, for disclosure and recognition in the financial statements.

On February 24, 2012, a program-related investment was repaid, which included principal and accrued interest of $1,976. In addition, the allowance for losses of $71 associated with this investment was released.

In January 2012, the forbearance agreement on a programrelated investment mortgage was extended to July 2012 and the interest rate was reduced by two percentage points. The estimated fair market value of the property is in excess of the outstanding mortgage receivable. The past due principal through March 31, 2012 totaled $1,577. The loan is on non-accrual status and the allowance for losses for the investment totaled $394. On February 2, 2012, Prudential Insurance made a $30,000 cash contribution to the Foundation for unrestricted purposes.

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2011 Community Resources Annual Report

THE PRUDENTIAL FOUNDATION Each year, The Prudential Foundation invests in efforts that support the revitalization of communities and support employee volunteerism and community engagement. In 2011, $25 million in grants were awarded to qualified nonprofit organizations.

STRATEGY To strengthen communities and improve social outcomes, The Prudential Foundation strategically deploys resources in the following areas: Education Ensuring access to a high-quality public education for all children through: • Systemic reform and leadership to improve public schools and increase student achievement by increasing the capacity of educators, parents and community residents to implement public school reforms. It also funds efforts to improve and influence policies that adapt promising practices and evidencebased approaches to teaching and learning in schools. •

Y  outh development to build skills and competencies needed for young people to increase engagement in learning. It includes expanding arts education opportunities, and supporting effective out-of-schooltime programs for young people.

•

Arts & Culture Sustaining vibrant, livable communities through: • Arts Creation to improve the quality and diversity that reflects historically underserved populations and increases their participation and experience in the arts. •

•

S  mall Business Growth & Entrepreneurship to develop employment opportunities and support sustainable economic growth.

MAKING A DIFFERENCE

 rts as an economic engine to contribute to local A economies.

Civic Infrastructure Strengthening the nonprofit sector through: • Capacity Building to support infrastructure development and sustainable growth of nonprofit organizations. •

Civic leadership to provide opportunities for employee volunteerism and community engagement.

COMMUNITY FOCUS The Prudential Foundation focuses its efforts in the following locations: • N  ewark, NJ; and Hartford, CT. The Foundation makes significant investments through a combination of local and national partners to improve education, promote economic development, support the arts and build the capacity of nonprofit organizations. •

Economic Development Creating personal and community wealth through: • E  conomic Empowerment to improve the capability of people to earn income and attain, preserve and grow financial assets.

C  ommunity Revitalization to improve, preserve or repurpose community assets or facilities for productive use by community members.

•

•

S  pecial Project: New Orleans. The Foundation will continue its work in New Orleans, focused on education and economic development in support of rebuilding and recovery efforts.

•

International. The Foundation leverages a combination of community, business, and local resources to address shared community goals around the world including Brazil, India, Japan, Korea, Mexico and Taiwan.

APPLICATION PROCESS For more information on applying for a grant from The Prudential Foundation, please visit the website: www.prudential.com (select “Corporate Citizenship”).

REVIEW PROCESS The Prudential Foundation receives and reviews proposals throughout the year. Grants that exceed $200,000 must be approved by its Board of Trustees which meets three times a year in February, June and October. Staff responds to applicants within 60 days.

NON-DISCRIMINATION The Prudential Foundation supports nonprofit, charitable organizations and programs whose mission and operations are non-discriminatory. The Foundation focuses its resources on organizations whose activities address social needs or benefit underserved groups and communities.

P  hiladelphia, PA; New York, NY; Chicago, IL; and Los Angeles, CA. In these locations, The Foundation looks for opportunities to improve education and engage in economic development efforts.

WHAT THE PRUDENTIAL FOUNDATION DOES NOT FUND •

Organizations that are not tax-exempt under paragraph 501(c)(3) of the U.S. Internal Revenue Code;

D  allas and Houston, TX; Dubuque, IA; Jacksonville, FL; Minneapolis, MN; Phoenix, AZ; and Scranton, PA. The Foundation focuses its efforts in education and/or economic development programs that provide opportunities for Prudential associates to be engaged in the community.

•

Labor, religious, political, lobbying or fraternal groups – except when these groups provide needed services to the community at large;

•

Direct grants or scholarships to individuals;

•

Support for single-disease health groups; or

•

Goodwill advertising.

42

2011 Community Resources Annual Report

SOCIAL INVESTMENTS Prudential has a long tradition of making investments that support and improve communities. The company established what is now Social Investments in 1976, and has since provided more than $1.4 billion in impact investments. Impact investments go beyond traditional measures of economic return, and include measurable social and environmental benefits. Social Investments provides financing in a variety of forms to a diverse array of partners, including for-profits and nonprofits, to create powerful social impact. These investments support projects that develop and preserve affordable housing, improve access to quality education, and connect neighborhoods and residents to economic opportunities.

STRATEGY To achieve lasting social impact while earning an appropriate risk-adjusted financial return, Prudential focuses its impact investments on the following sectors that are aligned with The Prudential Foundation: • Education • Economic Development – including both physical revitalization and entrepreneurial activities • Arts & Civic Infrastructure Additionally, Prudential Social Investments supports the growth of the impact investing industry and seeks to innovatively deploy capital to disadvantaged markets. Through its investments, it endeavors to develop models that can be replicated and expanded over time to attract additional capital to underserved communities. Prudential’s Social Investments unit uses a wide range of investing tools including unsecured loans, secured loans, investments in structured financings and real estate, direct equity and investments in limited partnerships. Also, the unit provides capital at a variety MAKING A DIFFERENCE

of different points on the risk-return spectrum to leverage its impact.

impact metrics in addition to conventional financial metrics and, where feasible, participate in third-party social impact assessments.

COMMUNITY FOCUS Social Investments concentrates its work in domestic and international communities where Prudential has a significant business presence. It also strives to work closely with the communities in which it invests to understand local dynamics and key stakeholders. To reach communities, it invests both directly and indirectly through trusted intermediaries including community development financial institutions, missionoriented investment funds, and national partners.

To achieve social impact, the unit considers investments that offer below-market levels of return. Where appropriate, investment partners are afforded flexibility on non-monetary terms to develop thoughtful investment structures, reveal hidden opportunities and drive maximum value creation.

ASSET MANAGEMENT Social Investments acts as an asset management group for Prudential and The Prudential Foundation. As of December 31, 2011, Social Investments managed $332 million in active investments and made $62 million in new investments in 2011. These investments are divided amongst three portfolios, each of which targets slightly different types of investments: • A large corporate portfolio for Prudential, which contains a breadth of investment types and has a greater emphasis on financial return; • A mission-focused portfolio for The Prudential Foundation; and • A specially targeted portfolio known as Newark Investment Fund, which was established as a subsidiary of The Prudential Foundation and manages capital and resources both internal and external to Prudential.

IMPACT AND FINANCIAL RETURN The three portfolios are managed on an “impact first” basis, which means all investments must have a meaningful social impact to be considered. In addition, all projects must be able to track and report social 43

BUSINESS PROSPECTS Social Investments continually seeks opportunities to make investments in socially motivated projects. Social Investments supports nonprofits, community development financial institutions, community development corporations, small business investment company funds, socially motivated private equity funds, and mission-oriented development and social enterprises. Partner organizations all have missions and operations that are broad and nondiscriminatory, and whose activities address social needs or benefit underserved groups and communities.

2011 Community Resources Annual Report

LOCAL INITIATIVES Local Initiatives strengthens Prudential by building strategic relationships through employee community engagement, staff initiatives and charitable contributions. It leads community involvement and employee volunteerism under the “Prudential CARES” banner.

Prudential associates volunteer. Applicants must demonstrate how their leadership competencies and business skills have made a positive difference at the nonprofit that they serve. A limited number of $5,000 awards are given in recognition of employees’ impactful service.

STRATEGY

THE COMMUNITY STEWARDSHIP INITIATIVE

Local Initiatives is an integral component of Community Resources’ strategies to produce positive outcomes for the company and for society. It provides volunteer opportunities that support communities where Prudential employees live and work, while improving employee job skills.

The Community Stewardship Initiative builds nonprofit capacity. Working with partner organizations, employees increase their awareness and ability to develop leadership and other business skills and competencies through volunteerism. Along with Volunteer Match, web-based training resources and Prudential’s Personal Volunteer Day benefit for eligible employees, several programs support the initiative.

Local Initiatives develops and manages employee community engagement opportunities that may strengthen associates’ morale and job satisfaction, or improve leadership and business skills. Volunteer initiatives complement the Foundation’s and Social Investments’ strategies in education, economic development and civic infrastructure.

COMMUNITY FOCUS Local Initiatives staff is located in most cities where Prudential has a large presence. We also work remotely with our business partners throughout the nation and around the globe. Staff members work collaboratively with other units in Community Resources and Prudential’s local business leaders to identify opportunities and establish strategic partnerships. In addition to the corporate staff in Newark, NJ, Local Initiatives has associates present in: • Fort Washington, PA • Houston, TX • Jacksonville, FL • Minneapolis, MN • Phoenix, AZ MAKING A DIFFERENCE

SIGNATURE PROGRAMS The Backpack Challenge is held each summer across the United States and in Letterkenny, Ireland, to benefit children and families in need. Office groups, family and friends work together to provide backpacks filled with school supplies and other needed items that help children learn and succeed during stressful transitions in their lives. Global Volunteer Day mobilizes company-wide volunteerism around the world. Every October, employees are empowered to lead teams of Prudential associates, family members and friends in service projects that support qualified nonprofit organizations. Qualifying teams may receive awards of up to $1,000 for their chosen nonprofit partner. Hands for Service Awards recognize the volunteer service of Prudential associates around the world who provide 40 or more hours per year in support of qualified nonprofit organizations. Active or retired Prudential associates who apply are eligible to receive awards of $250 USD for their favorite nonprofit. Skills in Service Awards provide competitive challenge grants to qualified nonprofit organizations where active 44

Prudential CARES Symposiums empower employees to become informed and engaged in social issues that impact our capacity to ensure a globally competitive workforce. Partnering with experts, the symposiums provide online resources and informative panel discussions around critical public policy issues for employees and community partners. Community Engagement Councils located at Prudential sites across the United States and in Letterkenny, Ireland, are employee-driven groups that promote, encourage and create volunteer activities locally to fulfill Prudential’s social responsibility as an involved corporate citizen in our communities. Board Placement Programs link members of Prudential’s management and executive teams with local nonprofit organizations to increase nonprofit capacity while giving employees personal and professional development opportunities. 2011 Community Resources Annual Report

THE PRUDENTIAL FOUNDATION 2011 BOARD OF TRUSTEES

COMMUNITY RESOURCES DEPARTMENT SENIOR LEADERSHIP TEAM

Gaston Caperton Trustee

Lata N. Reddy Vice President, Corporate Social Responsibility

Gilbert F. Casellas Trustee

Shané T. Harris Vice President, The Prudential Foundation

Constance J. Horner Trustee

Ommeed Sathe Vice President, Social Investments

Barbara G. Koster Trustee

Paul Freer Director, Employee Engagement

Sharon C. Taylor Trustee

Scharron N. Little Director, Local Initiatives

John R. Strangfeld, Jr. Trustee

THE PRUDENTIAL FOUNDATION 2011 OFFICERS

CREDITS

Karen Moore Valerie Tutak Writers Michael Di Iorio Art Director Gina Kincey Account Manager Nicole Powdar Designer Pamela Stoeckel Manisha Amin Production Artists

ANNUAL REPORT COMMITTEE

Holley Brown Production Manager

Scharron N. Little Project Manager & Editor

Ken Villafranca Proofreader

Nisha Aidasani

Evelyn Ortiz Distribution Coordinator

Sharon C. Taylor Chairman

Evelyn Ortiz

Shané T. Harris Vice President and Secretary

Julia Roca

Kimberly Ostrowski

James W. McCarthy Treasurer Brian F. Cloonan Comptroller Ommeed Sathe Investment Officer Paul R. Hymas Legal Counsel

MAKING A DIFFERENCE

45

2011 Community Resources Annual Report

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

DALLAS Skills in Service employee winner Suzy Bayshore worked with the American Red Cross of Dallas to create and launch “Piper the Puppy,” a branded plush animal that will comfort children impacted by traumatic situations. Piper has been adopted by five other ARC chapters across the country, as well as hundreds of thankful children and families.

MAKING A DIFFERENCE

I

Appendix

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

POLAND Pramerica employees lend hearts and hands in service to renovate residences for children dealing with cancer.

MAKING A DIFFERENCE

II

Appendix

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

BRAZIL Project leader Andressa Kuvabara and a team of Prudential de Seguros volunteers provide local seniors in supportive care housing with a Day of Beauty – nurturing pride and self-esteem.

MAKING A DIFFERENCE

III

Appendix

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

TAIWAN The Prudential Youth Foundation recognizes youth volunteers from 30 provinces who have made a difference in their communities and provides them with yearlong leadership development activities and workshops. Finalists are chosen to attend Prudential’s Spirit of Community Awards held in Washington, DC.

MAKING A DIFFERENCE

IV

Appendix

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

KOREA Corporate and employee contributions totaling more than $250,000 support the dreams of children with life-threatening medical conditions through the Make-A-Wish Foundation.

MAKING A DIFFERENCE

V

Appendix

MAKING A DIFFERENCE ACROSS THE GLOBE

BACK TO MAP

For more information on how Prudential works to make a difference in communities, visit www.prudential.com and click on “Corporate Citizenship.”

JAPAN Employees from Japan and Korea provide emergency supplies to sustain families in the Tohoku region impacted by the earthquake and tsunami. During Global Volunteer Day, 25,000 Prudential employees engage in their communities in volunteer activities in support of their neighbors in need.

MAKING A DIFFERENCE

VI

Appendix

180 TURNING LIVES AROUND INC. ACHIEVE HARTFORD! ACHIEVE, INC. ADVOCATES FOR CHILDREN OF NEW JERSEY ALVIN AILEY DANCE FOUNDATION, INC. ASPIRA, INC. OF NEW JERSEY BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS & GIRLS CLUBS OF HARTFORD, INC. BOYS & GIRLS CLUBS OF NEWARK, INC. CAUCUS EDUCATIONAL CORPORATION, INC. CHICAGO PUBLIC EDUCATION FUND CHILDREN’S DEFENSE FUND CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. DESIGNS FOR CHANGE DREW UNIVERSITY EDUCATION LAW CENTER, INC. EDUCATION PIONEERS, INC. FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY GRANTMAKERS FOR EDUCATION GREATER HARTFORD ARTS COUNCIL INCORPORATED HARLEM CHILDREN’S ZONE JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II KIPP FOUNDATION LOS ANGELES EDUCATION PARTNERSHIP NATIONAL SUMMER LEARNING ASSOCIATION NEW LEADERS NEW SCHOOLS FUND, NEWSCHOOLS VENTURE FUND NEW TEACHER PROJECT, INC. NEW VISIONS FOR PUBLIC SCHOOLS, INC. NEWARK PUBLIC SCHOOLS FOUNDATION, NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC. NEWARK PUBLIC SCHOOLS INNOVATIVE INVESTMENT FUND NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. OUR PIECE OF THE PIE PARTNERSHIP FOR LOS ANGELES SCHOOLS PHILADELPHIA ACADEMIES, INC. PHILADELPHIA EDUCATION FUND PUBLIC EDUCATION NETWORK PUBLIC INTEREST PROJECTS, INC. RUTGERS THE STATE UNIVERSITY, ABBOTT LEADERSHIP INSTITUTE ST. PHILIPS ACADEMY NEWARK, INC. TEACH FOR AMERICA, INC. TEACH FOR AMERICA CONNECTICUT BUILDING EDUCATED LEADERS FOR LIFE, THE BELL FOUNDATION INC. THE EAGLE ACADEMY FOUNDATION THELONIOUS MONK INSTITUTE OF JAZZ UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITE-LA, INC. YOUNG WOMEN’S LEADERSHIP NETWORK CENTER FOR ECONOMIC PROGRESS COMMUNITY DEVELOPMENT CAPITAL COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY PARTNERS, THE CENTER FOR ASSET BUILDING OPPORTUNITIES CO-OPPORTUNITY INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. FUND FOR THE CITY OF NEW YORK INC., THE FINANCIAL CLINIC GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HEDCO, INC. HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. ISLES, INC. JOBS FOR THE FUTURE, INC. LA CASA DE DON PEDRO, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC., FORWARD EVER SUSTAINABLE BUSINESS ALLIANCE LIVING CITIES, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEWARK ALLIANCE, INC. NEWARK NOW, INC. RUTGERS UNIVERSITY FOUNDATION, THE CENTER FOR URBAN ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT SEEDCO FINANCIAL SERVICES INC. SOUTHERN FOOD AND BEVERAGE MUSEUM FOUNDATION SUSTAINABLE BUSINESS EDUCATION INITIATIVE, INC. THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNITED WAY OF THE CAPITAL AREA, INC. URBAN LEAGUE OF ESSEX COUNTY URBAN LEAGUE OF PHILADELPHIA YOUTHBUILD NEWARK, INC. AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. ART PRIDE NEW JERSEY FOUNDATION, INC. ART PRIDE NEW JERSEY FOUNDATION, INC., NEW JERSEY ARTS EDUCATION PARTNERSHIP ARTISTS COLLECTIVE, INC. BOARDSOURCE CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY FOOD BANK OF NEW JERSEY, INC. COUNCIL OF NEW JERSEY GRANTMAKERS, INC. CROSSROADS INCORPORATED ESSEX COUNTY COURT APPOINTED SPECIAL ADVOCATE FEEDING AMERICA FOOD BANK FOR NEW YORK CITY FOOD FOR SURVIVAL FOODSHARE INC. GREATER CHICAGO FOOD DEPOSITORY HISPANIC FEDERATION JOBS FOR ARIZONA’S GRADUATES, INC. LEADERSHIP NEWARK, INC. LIBERTY SCIENCE CENTER, INC. LINK COMMUNITY SCHOOL, INC. LOS ANGELES REGIONAL FOODBANK NEW JERSEY BALLET COMPANY, INC. NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, NEW JERSEY BUSINESS COALITION FOR EDUCATIONAL EXCELLENCE NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SYMPHONY ORCHESTRA NEW JERSEY THEATRE ALLIANCE NEWARK ARTS COUNCIL NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION NEWARK PUBLIC RADIO, INC. NEWARK SCHOOL OF THE ARTS, INC. PHILABUNDANCE PHILADELPHIA MURAL ARTS ADVOCATES PRESBYTERIAN CHURCH (U.S.A.)/BASKING RIDGE PRINCETON BALLET SOCIETY, AMERICAN REPERTORY BALLET THE RENSSELAERVILLE INSTITUTE RUTGERS BUSINESS SCHOOL RUTGERS UNIVERSITY FOUNDATION SECOND HARVEST OF GREATER NEW ORLEANS SESAME WORKSHOP SMITHSONIAN INSTITUTION, NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. THE ASPEN INSTITUTE THE CITIZENS CAMPAIGN, INC. THE MONTCLAIR ART MUSEUM UNITED WAY OF ESSEX AND WEST HUDSON WYNONA’S HOUSE A NEW JERSEY NONPROFIT CORPORATION YOUTH DEVELOPMENT CLINIC OF NEWARK UNITED STATES FUND FOR UNICEF WASHINGTON CENTER FOR INTERNSHIPS AND ACADEMIC SEMINARS YOUTHBUILD USA, INC. 180 TURNING LIVES AROUND INC. ACHIEVE HARTFORD! ACHIEVE, INC. ADVOCATES FOR CHILDREN OF NEW JERSEY ALVIN AILEY DANCE FOUNDATION, INC. ASPIRA, INC. OF NEW JERSEY BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS & GIRLS CLUBS OF HARTFORD, INC. BOYS & GIRLS CLUBS OF NEWARK, INC. CAUCUS EDUCATIONAL CORPORATION, INC. CHICAGO PUBLIC EDUCATION FUND CHILDREN’S DEFENSE FUND CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. DESIGNS FOR CHANGE DREW UNIVERSITY EDUCATION LAW CENTER, INC. EDUCATION PIONEERS, INC. FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY GRANTMAKERS FOR EDUCATION GREATER HARTFORD ARTS COUNCIL INCORPORATED HARLEM CHILDREN’S ZONE JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II KIPP FOUNDATION LOS ANGELES EDUCATION PARTNERSHIP NATIONAL SUMMER LEARNING ASSOCIATION NEW LEADERS NEW SCHOOLS FUND, NEWSCHOOLS VENTURE FUND NEW TEACHER PROJECT, INC. NEW VISIONS FOR PUBLIC SCHOOLS, INC. NEWARK PUBLIC SCHOOLS FOUNDATION, NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC. NEWARK PUBLIC SCHOOLS INNOVATIVE INVESTMENT FUND NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. OUR PIECE OF THE PIE PARTNERSHIP FOR LOS ANGELES SCHOOLS PHILADELPHIA ACADEMIES, INC. PHILADELPHIA EDUCATION FUND PUBLIC EDUCATION NETWORK PUBLIC INTEREST PROJECTS, INC. RUTGERS THE STATE UNIVERSITY, ABBOTT LEADERSHIP INSTITUTE ST. PHILIPS ACADEMY NEWARK, INC. TEACH FOR AMERICA, INC. TEACH FOR AMERICA CONNECTICUT BUILDING EDUCATED LEADERS FOR LIFE, THE BELL FOUNDATION INC. THE EAGLE ACADEMY FOUNDATION THELONIOUS MONK INSTITUTE OF JAZZ UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITE-LA, INC. YOUNG WOMEN’S LEADERSHIP NETWORK CENTER FOR ECONOMIC PROGRESS COMMUNITY DEVELOPMENT CAPITAL COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY PARTNERS, THE CENTER FOR ASSET BUILDING OPPORTUNITIES CO-OPPORTUNITY INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. FUND FOR THE CITY OF NEW YORK INC., THE FINANCIAL CLINIC GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HEDCO, INC. HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. ISLES, INC. JOBS FOR THE FUTURE, INC. LA CASA DE DON PEDRO, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC., FORWARD EVER SUSTAINABLE BUSINESS ALLIANCE LIVING CITIES, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEWARK ALLIANCE, INC. NEWARK NOW, INC. RUTGERS UNIVERSITY FOUNDATION, THE CENTER FOR URBAN ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT SEEDCO FINANCIAL SERVICES INC. SOUTHERN FOOD AND BEVERAGE MUSEUM FOUNDATION SUSTAINABLE BUSINESS EDUCATION INITIATIVE, INC. THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNITED WAY OF THE CAPITAL AREA, INC. URBAN LEAGUE OF ESSEX COUNTY URBAN LEAGUE OF PHILADELPHIA YOUTHBUILD NEWARK, INC. AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. ART PRIDE NEW JERSEY FOUNDATION, INC. ART PRIDE NEW JERSEY FOUNDATION, INC., NEW JERSEY ARTS EDUCATION PARTNERSHIP ARTISTS COLLECTIVE, INC. BOARDSOURCE CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY FOOD BANK OF NEW JERSEY, INC. COUNCIL OF NEW JERSEY GRANTMAKERS, INC. CROSSROADS INCORPORATED ESSEX COUNTY COURT APPOINTED SPECIAL ADVOCATE FEEDING AMERICA FOOD BANK FOR NEW YORK CITY FOOD FOR SURVIVAL FOODSHARE INC. GREATER CHICAGO FOOD DEPOSITORY HISPANIC FEDERATION JOBS FOR ARIZONA’S GRADUATES, INC. LEADERSHIP NEWARK, INC. LIBERTY SCIENCE CENTER, INC. LINK COMMUNITY SCHOOL, INC. LOS ANGELES REGIONAL FOODBANK NEW JERSEY BALLET COMPANY, INC. NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, NEW JERSEY BUSINESS COALITION FOR EDUCATIONAL EXCELLENCE NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SYMPHONY ORCHESTRA NEW JERSEY THEATRE ALLIANCE NEWARK ARTS COUNCIL NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION NEWARK PUBLIC RADIO, INC. NEWARK SCHOOL OF THE ARTS, INC. PHILABUNDANCE PHILADELPHIA MURAL ARTS ADVOCATES PRESBYTERIAN CHURCH (U.S.A.)/BASKING RIDGE PRINCETON BALLET SOCIETY, AMERICAN REPERTORY BALLET THE RENSSELAERVILLE INSTITUTE RUTGERS BUSINESS SCHOOL RUTGERS UNIVERSITY FOUNDATION SECOND HARVEST OF GREATER NEW ORLEANS SESAME WORKSHOP SMITHSONIAN INSTITUTION, NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. THE ASPEN INSTITUTE THE CITIZENS CAMPAIGN, INC. THE MONTCLAIR ART MUSEUM UNITED WAY OF ESSEX AND WEST HUDSON WYNONA’S HOUSE A NEW JERSEY NONPROFIT CORPORATION YOUTH ■

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180 TURNING LIVES AROUND INC. ABOVE THE RIM INC., OF NEWARK ADVOCATES FOR CHILDREN OF NEW JERSEY AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. APPEL FARM ARTS AND MUSIC CENTER ARTS HORIZONS INC. ASPIRA, INC. OF NEW JERSEY ASPIRA, INC. OF NEW JERSEY, PUERTO RICAN STATEWIDE PARADE OF NEW JERSEY THE B.E.L.L. FOUNDATION INC BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS AND GIRLS CLUBS OF NEWARK, INC. BRICK (BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS) CAUCUS EDUCATIONAL CORPORATION, INC. CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY ACCESS UNLIMITED, INC. COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY FOUNDATION OF NEW JERSEY - MILITARY PARK REVITALIZATION COMMUNITY FOUNDATION OF NEW JERSEY - STRONG HEALTHY COMMUNITIES INITIATIVE COMMUNITY TECHNICAL ASSISTANCE, INC. DREW UNIVERSITY THE EAGLE ACADEMY FOUNDATION EDUCATION PIONEERS, INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. THE FINANCIAL CLINIC FOCUS HISPANIC CENTER FOR COMMUNITY DEVELOPMENT, INC. FOUNDATION OF THE UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY FROST VALLEY YMCA GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HACKENSACK RIVERKEEPER, INC. HARAMBEE COMMUNITY DEVELOPMENT INITIATIVE, INC. INDEPENDENT FEATURE PROJECT, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. INTEGRITY INC., INTEGRITY HOUSE IRONBOUND COMMUNITY CORPORATION JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II LA CASA DE DON PEDRO, INC. LEADERSHIP NEWARK, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINK COMMUNITY SCHOOL, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEW JERSEY CITY UNIVERSITY FOUNDATION, INC NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SEEDS, INC. NEW LEADERS NEW TEACHER PROJECT, INC. NEWARK ALLIANCE, INC. NEWARK ARTS COUNCIL NEWARK BOYS CHORUS SCHOOL NEWARK DAY CENTER NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK HISTORY SOCIETY, INC. NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION - NEWARK SYMPHONY HALL NEWARK PUBLIC RADIO, INC. NEWARK PUBLIC SCHOOLS FOUNDATION D/B/A NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC NEWARK SCHOOL OF THE ARTS, INC. NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. PARTNERSHIP IN PHILANTHROPY, INC. PRO BONO PARTNERSHIP, INC. PUBLIC INTEREST PROJECTS, INC. RUTGERS BUSINESS SCHOOL RUTGERS THE STATE UNIVERSITY OF NEW JERSEY RUTGERS UNIVERSITY FOUNDATION ST. PHILIPS ACADEMY NEWARK, INC. STOP SHOOTIN’, INC. SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. TEACH FOR AMERICA, INC. THELONIOUS MONK INSTITUTE OF JAZZ TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITED WAY OF ESSEX AND WEST HUDSON URBAN LEAGUE OF ESSEX COUNTY WYNONA’S HOUSE YOUTH DEVELOPMENT CLINIC ■

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MAKING A DIFFERENCE

PRUDENTIAL COMMUNITY RESOURCES ANNUAL REPORT

IN NEWARK OF NEWARK YOUTHBUILD NEWARK, INC. 180 TURNING LIVES AROUND INC. ABOVE THE RIM INC., OF NEWARK ADVOCATES FOR CHILDREN OF NEW JERSEY AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. APPEL FARM ARTS AND MUSIC CENTER ARTS HORIZONS INC. ASPIRA, INC. OF NEW JERSEY ASPIRA, INC. OF NEW JERSEY, PUERTO RICAN STATEWIDE PARADE OF NEW JERSEY THE B.E.L.L. FOUNDATION INC BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS AND GIRLS CLUBS OF NEWARK, INC. BRICK (BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS) CAUCUS EDUCATIONAL CORPORATION, INC. CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY ACCESS UNLIMITED, INC. COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY FOUNDATION OF NEW JERSEY - MILITARY PARK REVITALIZATION COMMUNITY FOUNDATION OF NEW JERSEY - STRONG HEALTHY COMMUNITIES INITIATIVE COMMUNITY TECHNICAL ASSISTANCE, INC. DREW UNIVERSITY THE EAGLE ACADEMY FOUNDATION EDUCATION PIONEERS, INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. THE FINANCIAL CLINIC FOCUS HISPANIC CENTER FOR COMMUNITY DEVELOPMENT, INC. FOUNDATION OF THE UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY FROST VALLEY YMCA GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HACKENSACK RIVERKEEPER, INC. HARAMBEE COMMUNITY DEVELOPMENT INITIATIVE, INC. INDEPENDENT FEATURE PROJECT, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. INTEGRITY INC., INTEGRITY HOUSE IRONBOUND COMMUNITY CORPORATION JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II LA CASA DE DON PEDRO, INC. LEADERSHIP NEWARK, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINK COMMUNITY SCHOOL, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEW JERSEY CITY UNIVERSITY FOUNDATION, INC NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SEEDS, INC. NEW LEADERS NEW TEACHER PROJECT, INC. NEWARK ALLIANCE, INC. NEWARK ARTS COUNCIL NEWARK BOYS CHORUS SCHOOL NEWARK DAY CENTER NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK HISTORY SOCIETY, INC. NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION - NEWARK SYMPHONY HALL NEWARK PUBLIC RADIO, INC. NEWARK PUBLIC SCHOOLS FOUNDATION D/B/A NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC NEWARK SCHOOL OF THE ARTS, INC. NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. PARTNERSHIP IN PHILANTHROPY, INC. PRO BONO PARTNERSHIP, INC. PUBLIC INTEREST PROJECTS, INC. RUTGERS BUSINESS SCHOOL RUTGERS THE STATE UNIVERSITY OF NEW JERSEY RUTGERS UNIVERSITY FOUNDATION ST. PHILIPS ACADEMY NEWARK, INC STOP SHOOTIN’, INC. SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. TEACH FOR AMERICA, INC. THELONIOUS MONK INSTITUTE OF JAZZ TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITED WAY OF ESSEX AND WEST HUDSON URBAN ■

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Prudential Community Resources 2011 Supplement

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Message from Community Resources

Who We Are

Since 1875, when John Dryden founded The Prudential Friendly Society in Newark, New Jersey, our company has been dedicated to helping our customers overcome challenges. Our commitment to communities is the same.

The people of Prudential have been committed to making a

Our annual report, “Making a Difference,” profiles some of the ways that the people of Prudential work to fulfill that commitment. As a corporate citizen, we share our talent, leadership capacity, and financial resources to create long-term, sustainable solutions to complex societal problems. Through collaborations with community partners, we support initiatives that improve education, strengthen civic infrastructure, and promote economic development to nurture vibrant, liveable communities. Here, we share highlights of our efforts in Newark in 2011.

expertise and associate volunteer skills.

We’re proud of our history in Newark, and look forward to continuing our work for many years to come. Lata N. Reddy

Vice President, Corporate Social Responsibility

difference in communities throughout its 137-year history. Through our Community Resources Department, we strengthen communities by investing financial resources, business

The Prudential Foundation

In 2011, The Prudential Foundation invested $25 million in grants and matching gifts worldwide. Of that amount, $8.4 million supported efforts focused on the city of Newark.

Educational Leadership

Education leadership grants seek to expand access to quality educational opportunities and increase the capacity for educators, parents and community stakeholders to implement public school reform. Grants also fund organizations that work to expand policies that adapt promising practices and evidence-based approaches to instruction and learning. During 2011, grants totaling more than $1.8 million supported the following organizations: • • • • • • • • • • • • • • • • •

Advocates for Children of New Jersey................................. $75,000 BRICK (Building Responsible Intelligent Creative Kids)....... $10,000 Children’s Literacy Initiative............................................ $150,000 Community Access Unlimited, Inc....................................... $5,000 Community Foundation of New Jersey................................ $10,000 The Eagle Academy Foundation ........................................ $50,000 Education Pioneers, Inc.................................................... $50,000 Free Public Library of the City of Newark New Jersey........... $25,000 New Leaders.................................................................. $350,000 New Teacher Project, Inc................................................ $100,000 Newark Public Schools Foundation d/b/a Newark Education Trust...................................... $250,000 Newark Public Schools Foundation, Inc........................... $300,000 Public Interest Projects, Inc. .......................................... $100,000 Rutgers The State University of New Jersey........................ $15,000 Rutgers University Foundation .......................................... $75,000 St. Philips Academy Newark, Inc. ..................................... $25,000 Teach for America, Inc. .................................................. $130,000

Youth Development

Youth development grants support programs that build skills and competencies needed for young people to become productive citizens. Grants include support for organizations that increase access to quality arts education and effective out-of-school-time programs. In 2011, $1.75 million was invested in the following organizations with Newark-focused programs: • • • • • • • • • • • • • • • • •

180 Turning Lives Around Inc........................................... $25,000 Alvin Ailey Dance Foundation, Inc................................... $225,000 Aspira, Inc. of New Jersey............................................... $250,000 Big Brothers Big Sisters of Greater Newark and Essex County, Inc................................................... $50,000 Boys & Girls Clubs of Newark, Inc.................................... $300,000 Caucus Educational Corporation, Inc. ................................ $50,000 Citizen Schools, Inc....................................................... $100,000 Jazz House Kids, Inc........................................................ $50,000 Jersey Urban Debate League............................................. $50,000 NJ LEEP, Inc. Law and Education Empowerment Project..... $25,000 Ophelia J Berry Fund, Inc................................................. $25,000 Rutgers The State University of New Jersey ....................... $50,000 The B.E.L.L. Foundation Inc............................................. $50,000 Thelonious Monk Institute Of Jazz................................... $150,000 Unified Vailsburg Services Organization............................ $250,000 United States Conference of Catholic Bishops, Saint Vincent Academy................................................. $50,000 United States Conference of Catholic Bishops, St. Benedict’s Preparatory School.................................. $50,000

Newark Summer Grants for Youth

Economic Development

In 2011, more than $300,000 in funding was provided to the following organizations with Newark-focused programs:

During 2011, grants totaling more than $2.5 million were provided to the following organizations with initiatives in Newark:

• • • • • • • • • • • •

• Community Food Bank of New Jersey, Inc.............................. $75,000 •C  ommunity Foundation of New Jersey – Military Park Revitalization.............................................. $250,000 •C  ommunity Foundation of New Jersey – Strong Healthy Communities Initiative............................. $335,000 • Episcopal Community Development, Inc.............................. $100,000 •E  ssex County College, Training, Inc...................................... $100,000 • The  Financial Clinic............................................................ $135,000 •G  reater Newark Conservancy, Inc......................................... $100,000 •G  reater Newark Enterprises Corporation............................... $100,000 • Institute for Entrepreneurial Leadership, Inc. ......................... $80,000 • La Casa de Don Pedro, Inc.................................................. $150,000 •L  incoln Park Coast Cultural District, Inc............................... $125,000 •L  incoln Park Coast Cultural District, Inc................................. $75,000 • Local  Initiatives Support Corporation.................................... $100,000 •N  ewark Alliance, Inc. ......................................................... $100,000 •N  ewark Now, Inc. .............................................................. $100,000 •R  utgers University Foundation............................................. $100,000 • Trust  for Public Land, Newark City Spaces Program.............. $250,000 • Urban  League of Essex County.............................................. $50,000 • YouthBuild Newark, Inc...................................................... $200,000

The Prudential Foundation’s Summer Grants for Youth support programs that provide summer employment and leadership development programs for teens, and access to quality arts and educational opportunities that combat learning loss.

• • • • • • • • • • • •

Above the Rim Inc., of Newark................................................ $5,000 AIDS Resource Foundation for Children................................. $15,000 Appel Farm Arts & Music Center............................................ $12,500 Arts Horizons Inc.................................................................... $5,000 Aspira, Inc. of New Jersey..................................................... $16,000 Bethany Cares Incorporated .................................................. $25,000 Boys & Girls Clubs of Newark, Inc.......................................... $15,000 City Without Walls, an Urban Artist Collective......................... $10,000 Community Technical Assistance, Inc.................................... $17,500 Drew University.................................................................... $30,000 FOCUS Hispanic Center for Community Development Inc........ $10,000 F  oundation of the University of Medicine and Dentistry of New Jersey .................................................... $20,000 Free Public Library of the City of Newark................................ $20,000 Frost Valley YMCA................................................................ $15,000 Greater Newark Conservancy, Inc........................................... $12,500 Harambee Community Development Initiative, Inc.................... $5,000 Ironbound Community Corporation......................................... $10,000 Kids Corporation II............................................................... $25,000 La Casa de Don Pedro, Inc.................................................... $12,500 Link Community School, Inc................................................... $5,000 New Jersey City University Foundation, Inc. ........................... $10,000 New Jersey Institute of Technology Foundation....................... $15,000 New Jersey SEEDS, Inc........................................................ $10,000 Newark Day Center................................................................. $5,000

Economic development grants create personal and community wealth through programs that increase economic empowerment for community residents, encourage small business growth and entrepreneurship, and nurture community revitalization projects.

Arts & Civic Infrastructure

These grants support the arts as an economic engine and as a quality-of-life issue to ensure that community residents have access to quality programs. Capacity-building grants to select nonprofit organizations are also provided, increasing their ability to deliver on their missions. In 2011, more than $1.5 million was provided to the following Newarkfocused organizations: • • • • • • • • • • • • • • • • •

Aljira, Inc. ........................................................................... $30,000 City Without Walls: An Urban Gallery for Emerging Art........... $115,000 Community Food Bank of New Jersey, Inc............................ $150,000 La Casa de Don Pedro, Inc.................................................... $20,000 Leadership Newark, Inc. .................................................... $100,000 New Jersey Performing Arts Center Corporation..................... $500,000 N  ewark Arts Council........................................................... $165,000 Newark Boys Chorus School.................................................. $15,000 Newark Museum Association............................................... $100,000 N  ewark Performing Arts Corporation – Newark Symphony Hall................................................... $100,000 Newark Public Radio, Inc...................................................... $30,000 Newark School of the Arts, Inc.............................................. $40,000 P  artnership in Philanthropy, Inc. ........................................... $15,000 P  ro Bono Partnership, Inc..................................................... $20,000 R  utgers Business School....................................................... $21,500 Rutgers University Foundation .............................................. $50,000 Support Center for Nonprofit Management, Inc. ..................... $60,000

• • • • • • • • • • •

FOCUS Hispanic Center for Community Development, Inc......... $5,000 Hackensack Riverkeeper, Inc................................................... $5,000 Independent Feature Project, Inc. ......................................... $10,000 Integrity Inc., Integrity House................................................ $10,000 Link Community School, Inc................................................. $25,000 Newark History Society, Inc..................................................... $5,000 Newark Now, Inc.................................................................. $25,000 Stop Shootin’, Inc.................................................................. $5,000 United Way of Essex and West Hudson ................................ $100,000 Wynona’s House .................................................................. $50,000 Youth Development Clinic of Newark...................................... $75,000

Local Initiatives

Local Initiatives leads employee community engagement worldwide and manages Prudential’s program of direct corporate giving. During 2011, Prudential associates engaged in dozens of activities to strengthen the community of Newark. Highlights include: Backpack Challenge Employees filled hundreds of backpacks with school supplies and personal items to support academic achievement and ease difficult transitions for children in need. Prudential Success Academy Tutoring Program Employees provided homework coaching and mentoring for children who attend a local middle school.

Newark Community Building Fund

Prudential Board Placement Program Eighteen senior managers served on boards of directors for community organizations in Newark.

• AIDS Resource Foundation for Children................................. $25,000 •A  spira, Inc. of New Jersey, Puerto Rican Statewide Parade of New Jersey....................... $5,000

Skills-Based Volunteerism Skills-based volunteerism provides opportunities for employees to improve business skills and leadership competencies while increasing the capacity of nonprofit organizations. Community Resources provided consultancy and guidance to employee teams wishing to engage in complex projects in support of community partnerships.

Supporting community based-programs and anchoring institutions in Newark, Prudential’s Newark Community Building Fund provided $425,000 in grants to the following organizations:

Global Volunteer Day Employees and their friends and families engaged with a number of Newark-based nonprofits to provide hands-on support in activities that ranged from beautifying city landscapes and park cleanups to renovating after-school program facilities and hosting educational fairs for local schoolchildren.

Teacher’s Village Transforming five blighted city blocks into a diverse, vibrant, pedestrian community including retailers, modern apartment buildings, and new state-of-the-art educational spaces for the relocation and expansion of three high-performing local charter schools. Our investment is through the purchase of Redevelopment Area Bonds.

Corporate Contributions During 2011, Prudential contributed more than $2.4 million to more than 40 community organizations located in Newark.

Community Resources Department Contacts

Social Investments

Social Investments supports projects that develop and preserve affordable housing, improve access to quality education, and connect neighborhoods and residents to mainstream economic opportunities. In Newark, Social Investments has over $65 million in outstanding commitments as of December 31, 2011. During 2011, $15.4 million in new investments were committed in support of: Brick City Development Corporation Our investment provides support for loan programs focusing on entrepreneurs and small businesses located in or relocating to Newark. Indigo Hotel Our investment is through the purchase of Redevelopment Area Bonds and supports the renovation of 810 Broad Street, a historic structure centrally located on the main business thoroughfare. The Indigo, scheduled to open in 2013, will be a 12-story, 106-room boutique hotel designed to meet LEED Platinum requirements. Ironbound Film and Television Studios Creating a robust industry in Newark for production and post-production film services. Our continued investment supports the further development of the facility.

Lata N. Reddy Vice President, Corporate Social Responsibility President, The Prudential Foundation Shané T. Harris Vice President, The Prudential Foundation Ommeed Sathe Vice President, Local Initiatives Paul F. Freer Director, Employee Engagement Scharron N. Little Director, Local Initiatives For more information, please visit Prudential’s website at www.Prudential.com and select “Corporate Citizenship,” or write to: Prudential Community Resources Department 751 Broad Street, 15th Floor Newark, NJ 07102

180 TURNING LIVES AROUND INC. ABOVE THE RIM INC., OF NEWARK ADVOCATES FOR CHILDREN OF NEW JERSEY AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. APPEL FARM ARTS AND MUSIC CENTER ARTS HORIZONS INC. ASPIRA, INC. OF NEW JERSEY ASPIRA, INC. OF NEW JERSEY, PUERTO RICAN STATEWIDE PARADE OF NEW JERSEY THE B.E.L.L. FOUNDATION INC BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS AND GIRLS CLUBS OF NEWARK, INC. BRICK (BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS) CAUCUS EDUCATIONAL CORPORATION, INC. CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY ACCESS UNLIMITED, INC. COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY FOUNDATION OF NEW JERSEY - MILITARY PARK REVITALIZATION COMMUNITY FOUNDATION OF NEW JERSEY - STRONG HEALTHY COMMUNITIES INITIATIVE COMMUNITY TECHNICAL ASSISTANCE, INC. DREW UNIVERSITY THE EAGLE ACADEMY FOUNDATION EDUCATION PIONEERS, INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. THE FINANCIAL CLINIC FOCUS HISPANIC CENTER FOR COMMUNITY DEVELOPMENT, INC. FOUNDATION OF THE UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY FROST VALLEY YMCA GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HACKENSACK RIVERKEEPER, INC. HARAMBEE COMMUNITY DEVELOPMENT INITIATIVE, INC. INDEPENDENT FEATURE PROJECT, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. INTEGRITY INC., INTEGRITY HOUSE IRONBOUND COMMUNITY CORPORATION JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II LA CASA DE DON PEDRO, INC. LEADERSHIP NEWARK, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINK COMMUNITY SCHOOL, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEW JERSEY CITY UNIVERSITY FOUNDATION, INC NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SEEDS, INC. NEW LEADERS NEW TEACHER PROJECT, INC. NEWARK ALLIANCE, INC. NEWARK ARTS COUNCIL NEWARK BOYS CHORUS SCHOOL NEWARK DAY CENTER NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK HISTORY SOCIETY, INC. NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION - NEWARK SYMPHONY HALL NEWARK PUBLIC RADIO, INC. NEWARK PUBLIC SCHOOLS FOUNDATION D/B/A NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC NEWARK SCHOOL OF THE ARTS, INC. NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. PARTNERSHIP IN PHILANTHROPY, INC. PRO BONO PARTNERSHIP, INC. PUBLIC INTEREST PROJECTS, INC. RUTGERS BUSINESS SCHOOL RUTGERS THE STATE UNIVERSITY OF NEW JERSEY RUTGERS UNIVERSITY FOUNDATION ST. PHILIPS ACADEMY NEWARK, INC. STOP SHOOTIN’, INC. SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. TEACH FOR AMERICA, INC. THELONIOUS MONK INSTITUTE OF JAZZ TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITED WAY OF ESSEX AND WEST HUDSON URBAN LEAGUE OF ESSEX COUNTY WYNONA’S HOUSE YOUTH DEVELOPMENT CLINIC OF NEWARK YOUTHBUILD NEWARK, INC. 180 TURNING LIVES AROUND INC. ABOVE THE RIM INC., OF NEWARK ADVOCATES FOR CHILDREN OF NEW JERSEY AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. APPEL FARM ARTS AND MUSIC CENTER ARTS HORIZONS INC. ASPIRA, INC. OF NEW JERSEY ASPIRA, INC. OF NEW JERSEY, PUERTO RICAN STATEWIDE PARADE OF NEW JERSEY THE B.E.L.L. FOUNDATION INC BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS AND GIRLS CLUBS OF NEWARK, INC. BRICK (BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS) CAUCUS EDUCATIONAL CORPORATION, INC. CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY ACCESS UNLIMITED, INC. COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY FOUNDATION OF NEW JERSEY - MILITARY PARK REVITALIZATION COMMUNITY FOUNDATION OF NEW JERSEY - STRONG HEALTHY COMMUNITIES INITIATIVE COMMUNITY TECHNICAL ASSISTANCE, INC. DREW UNIVERSITY THE EAGLE ACADEMY FOUNDATION EDUCATION PIONEERS, INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. THE FINANCIAL CLINIC FOCUS HISPANIC CENTER FOR COMMUNITY DEVELOPMENT, INC. FOUNDATION OF THE UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY FROST VALLEY YMCA GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HACKENSACK RIVERKEEPER, INC. HARAMBEE COMMUNITY DEVELOPMENT INITIATIVE, INC. INDEPENDENT FEATURE PROJECT, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. INTEGRITY INC., INTEGRITY HOUSE IRONBOUND COMMUNITY CORPORATION JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II LA CASA DE DON PEDRO, INC. LEADERSHIP NEWARK, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINK COMMUNITY SCHOOL, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEW JERSEY CITY UNIVERSITY FOUNDATION, INC NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SEEDS, INC. NEW LEADERS NEW TEACHER PROJECT, INC. NEWARK ALLIANCE, INC. NEWARK ARTS COUNCIL NEWARK BOYS CHORUS SCHOOL NEWARK DAY CENTER NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK HISTORY SOCIETY, INC. NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION - NEWARK SYMPHONY HALL NEWARK PUBLIC RADIO, INC. NEWARK PUBLIC SCHOOLS FOUNDATION D/B/A NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC NEWARK SCHOOL OF THE ARTS, INC. NJ LEEP, INC. LAW AND EDUCATION EMPOWERMENT PROJECT OPHELIA J BERRY FUND, INC. PARTNERSHIP IN PHILANTHROPY, INC. PRO BONO PARTNERSHIP, INC. PUBLIC INTEREST PROJECTS, INC. RUTGERS BUSINESS SCHOOL RUTGERS THE STATE UNIVERSITY OF NEW JERSEY RUTGERS UNIVERSITY FOUNDATION ST. PHILIPS ACADEMY NEWARK, INC. STOP SHOOTIN’, INC. SUPPORT CENTER FOR NONPROFIT MANAGEMENT, INC. TEACH FOR AMERICA, INC. THELONIOUS MONK INSTITUTE OF JAZZ TRUST FOR PUBLIC LAND, NEWARK CITY SPACES PROGRAM UNIFIED VAILSBURG SERVICES ORGANIZATION UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, SAINT VINCENT ACADEMY UNITED STATES CONFERENCE OF CATHOLIC BISHOPS, ST. BENEDICT’S PREPARATORY SCHOOL UNITED WAY OF ESSEX AND WEST HUDSON URBAN LEAGUE OF ESSEX COUNTY WYNONA’S HOUSE YOUTH DEVELOPMENT CLINIC OF NEWARK YOUTHBUILD NEWARK, INC. 180 TURNING LIVES AROUND INC. ABOVE THE RIM INC., OF NEWARK ADVOCATES FOR CHILDREN OF NEW JERSEY AIDS RESOURCE FOUNDATION FOR CHILDREN ALJIRA, INC. ALVIN AILEY DANCE FOUNDATION, INC. APPEL FARM ARTS AND MUSIC CENTER ARTS HORIZONS INC. ASPIRA, INC. OF NEW JERSEY ASPIRA, INC. OF NEW JERSEY, PUERTO RICAN STATEWIDE PARADE OF NEW JERSEY THE B.E.L.L. FOUNDATION INC BETHANY CARES INCORPORATED BIG BROTHERS BIG SISTERS OF GREATER NEWARK AND ESSEX COUNTY, INC. BOYS AND GIRLS CLUBS OF NEWARK, INC. BRICK (BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS) CAUCUS EDUCATIONAL CORPORATION, INC. CHILDREN’S LITERACY INITIATIVE CITIZEN SCHOOLS, INC. CITY WITHOUT WALLS AN URBAN ARTIST COLLECTIVE COMMUNITY ACCESS UNLIMITED, INC. COMMUNITY FOOD BANK OF NEW JERSEY, INC. COMMUNITY FOUNDATION OF NEW JERSEY COMMUNITY FOUNDATION OF NEW JERSEY - MILITARY PARK REVITALIZATION COMMUNITY FOUNDATION OF NEW JERSEY - STRONG HEALTHY COMMUNITIES INITIATIVE COMMUNITY TECHNICAL ASSISTANCE, INC. DREW UNIVERSITY THE EAGLE ACADEMY FOUNDATION EDUCATION PIONEERS, INC. EPISCOPAL COMMUNITY DEVELOPMENT, INC. ESSEX COUNTY COLLEGE, TRAINING, INC. THE FINANCIAL CLINIC FOCUS HISPANIC CENTER FOR COMMUNITY DEVELOPMENT, INC. FOUNDATION OF THE UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY FREE PUBLIC LIBRARY OF THE CITY OF NEWARK NEW JERSEY FROST VALLEY YMCA GREATER NEWARK CONSERVANCY, INC. GREATER NEWARK ENTERPRISES CORPORATION HACKENSACK RIVERKEEPER, INC. HARAMBEE COMMUNITY DEVELOPMENT INITIATIVE, INC. INDEPENDENT FEATURE PROJECT, INC. INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP, INC. INTEGRITY INC., INTEGRITY HOUSE IRONBOUND COMMUNITY CORPORATION JAZZ HOUSE KIDS, INC. JERSEY URBAN DEBATE LEAGUE KIDS CORPORATION II LA CASA DE DON PEDRO, INC. LEADERSHIP NEWARK, INC. LINCOLN PARK COAST CULTURAL DISTRICT, INC. LINK COMMUNITY SCHOOL, INC. LOCAL INITIATIVES SUPPORT CORPORATION NEW JERSEY CITY UNIVERSITY FOUNDATION, INC NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION NEW JERSEY PERFORMING ARTS CENTER CORPORATION NEW JERSEY SEEDS, INC. NEW LEADERS NEW TEACHER PROJECT, INC. NEWARK ALLIANCE, INC. NEWARK ARTS COUNCIL NEWARK BOYS CHORUS SCHOOL NEWARK DAY CENTER NEWARK EMERGENCY SERVICES FOR FAMILIES NEWARK HISTORY SOCIETY, INC. NEWARK MUSEUM ASSOCIATION NEWARK NOW, INC. NEWARK PERFORMING ARTS CORPORATION - NEWARK SYMPHONY HALL NEWARK PUBLIC RADIO, INC. NEWARK PUBLIC SCHOOLS FOUNDATION D/B/A NEWARK EDUCATION TRUST NEWARK PUBLIC SCHOOLS FOUNDATION, INC ■

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ACHIEVE! HARTFORD ALZHEIMER’S ASSOCIATION AMERICAN CANCER SOCIETY AMERICAN RED CROSS AMISTAD CENTER FOR ARTS & CULTURE ANTHRACITE HERITAGE MUSEUM & IRON FURNACES AREA RESIDENTIAL CARE, INC. ARTISTS COLLECTIVE, INC. BIG BROTHERS BIG SISTERS OF LACKAWANNA COUNTY BOYS AND GIRLS CLUBS OF HARTFORD, INC. BUSHNELL CENTER FOR PERFORMING ARTS CAMP COURAGEOUS CAPITAL PREP MAGNET SCHOOL THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD CHILDREN’S ADVOCACY CENTER CLARKE UNIVERSITY CO-OPPORTUNITY INC COMMISSION ON ECONOMIC OPPORTUNITY OF LUZERNE COUNTY COMMUNITY DEVELOPMENT INITIATIVES COMMUNITY FOUNDATION OF GREATER DUBUQUE COMMUNITY MEALS CONNECTICUT CENTER FOR SCHOOL CHANGE, INC. CONNECTICUT CHILDREN’S MEDICAL CENTER CONNECTICUT COUNCIL FOR PHILANTHROPY THE CONNECTICUT FORUM COUNTRYSIDE CONSERVANCY CRESCENT COMMUNITY HEALTH CENTER DRESS FOR SUCCESS – LACKAWANNA COUNTY DUBUQUE AREA YOUTH LEADERSHIP COUNCIL DUBUQUE BRIDGES INITIATIVE DUBUQUE DOWNTOWN KIWANIS CLUB DUBUQUE HUMANE SOCIETY DUBUQUE MAIN STREET DUBUQUE MUSEUM OF ART DUBUQUE RESCUE MISSION DUBUQUE SYMPHONY ORCHESTRA ELECTRIC CITY TROLLEY MUSEUM FOODSHARE INC FRIENDSHIP HOUSE GRAND OPERA HOUSE DUBUQUE GREATER HARTFORD ARTS COUNCIL GREATER HARTFORD ARTS COUNCIL INCORPORATED HABITAT FOR HUMANITY HOUSE OF BREAD HARTFORD AREA HABITAT FOR HUMANITY HARTFORD GAY AND LESBIAN COALITION HARTFORD STAGE HARTFORD SYMPHONY ORCHESTRA HARTFORD YOUTH SCHOLARS FOUNDATION HEDCO, INC. HILLCREST FAMILY SERVICES HILLS & DALES INTERVAL HOUSE IQUILT PARTNERSHIP JUNIOR ACHIEVEMENT JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND KINGS COLLEGE KIWANIS CLUB - YOUTH TRIATHLON KNOX PARKS - WEXFORD PARK KNOX PARKS FOUNDATION LACKAWANNA, SUSQUEHANNA AND WAYNE COUNTIES LATIN CULTURAL DIVERSITY CENTER LEADERSHIP GREATER HARTFORD LEADERSHIP LACKAWANNA LOAVES AND FISHES LOCAL INITIATIVES SUPPORT CORPORATION LORAS COLLEGE LUPUS FOUNDATION MARCH OF DIMES MARK TWAIN HOUSE AND MUSEUM MARSHALL SCHOOL MERIDEN HUMANE SOCIETY METRO HARTFORD ALLIANCE MULTICULTURAL FAMILY CENTER MULTICULTURAL FAMILY CENTER DUBUQUE NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE THE NATIONAL MISSISSIPPI RIVER MUSEUM AND AQUARIUM DUBUQUE COUNTY HISTORICAL SOCIETY NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST IOWA COMMUNITY COLLEGE NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST REGIONAL CENTER FOR AUTISM OPENING DOORS OPENING DOORS: MARIA HOUSE AND TERESA SHELTER OSTERHOUT FREE LIBRARY OUR PIECE OF THE PIE PAGES & PLACES PRESENTATION LANTERN CENTER PROJECT CONCERN RADIO DUBUQUE REBUILDING TOGETHER HARTFORD RUTH’S PLACE WOMEN’S SHELTER SCRANTON COUNSELING CENTER SCRANTON KIWANIS FOUNDATION ST. FRANCIS OF ASSISI KITCHEN ST. FRANCIS OF ASSISI SOUP KITCHEN ST. JOSEPH’S CENTER ST. MARK COMMUNITY CENTER ST. STEPHEN’S CUPBOARD ST. VINCENT DE PAUL SOUP KITCHEN TEACH FOR AMERICA, INC., TEACH FOR AMERICA CONNECTICUT UNITED CEREBRAL PALSY UNITED OSTOMY ASSOCIATION, INC. UNITED WAY UNITED WAY OF THE CAPITAL AREA, INC. UNIVERSITY OF DUBUQUE THE UNIVERSITY OF SCRANTON URBAN LEAGUE OF GREATER HARTFORD THE VILLAGE FOR FAMILIES AND ■

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MAKING A DIFFERENCE

PRUDENTIAL COMMUNITY RESOURCES ANNUAL REPORT

RETIREMENT SERVICES

In Dubuque, Hartford, Scranton and Woodbridge CHILDREN VOLUNTARY ACTION CENTER OF NORTHEASTERN PENNSYLVANIA, BIG BROTHERS BIG SISTERS OF WEINBERG NORTHEAST REGIONAL FOOD BANK WOMEN’S RESOURCE CENTER YWCA OF THE HARTFORD REGION ACHIEVE! HARTFORD ALZHEIMER’S ASSOCIATION AMERICAN CANCER SOCIETY AMERICAN RED CROSS AMISTAD CENTER FOR ARTS & CULTURE ANTHRACITE HERITAGE MUSEUM & IRON FURNACES AREA RESIDENTIAL CARE, INC. ARTISTS COLLECTIVE, INC. BIG BROTHERS BIG SISTERS OF LACKAWANNA COUNTY BOYS AND GIRLS CLUBS OF HARTFORD, INC. BUSHNELL CENTER FOR PERFORMING ARTS CAMP COURAGEOUS CAPITAL PREP MAGNET SCHOOL THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD CHILDREN’S ADVOCACY CENTER CLARKE UNIVERSITY CO-OPPORTUNITY INC COMMISSION ON ECONOMIC OPPORTUNITY OF LUZERNE COUNTY COMMUNITY DEVELOPMENT INITIATIVES COMMUNITY FOUNDATION OF GREATER DUBUQUE COMMUNITY MEALS CONNECTICUT CENTER FOR SCHOOL CHANGE, INC. CONNECTICUT CHILDREN’S MEDICAL CENTER CONNECTICUT COUNCIL FOR PHILANTHROPY THE CONNECTICUT FORUM COUNTRYSIDE CONSERVANCY CRESCENT COMMUNITY HEALTH CENTER DRESS FOR SUCCESS – LACKAWANNA COUNTY DUBUQUE AREA YOUTH LEADERSHIP COUNCIL DUBUQUE BRIDGES INITIATIVE DUBUQUE DOWNTOWN KIWANIS CLUB DUBUQUE HUMANE SOCIETY DUBUQUE MAIN STREET DUBUQUE MUSEUM OF ART DUBUQUE RESCUE MISSION DUBUQUE SYMPHONY ORCHESTRA ELECTRIC CITY TROLLEY MUSEUM FOODSHARE INC FRIENDSHIP HOUSE GRAND OPERA HOUSE DUBUQUE GREATER HARTFORD ARTS COUNCIL GREATER HARTFORD ARTS COUNCIL INCORPORATED HABITAT FOR HUMANITY HOUSE OF BREAD HARTFORD AREA HABITAT FOR HUMANITY HARTFORD GAY AND LESBIAN COALITION HARTFORD STAGE HARTFORD SYMPHONY ORCHESTRA HARTFORD YOUTH SCHOLARS FOUNDATION HEDCO, INC. HILLCREST FAMILY SERVICES HILLS & DALES INTERVAL HOUSE IQUILT PARTNERSHIP JUNIOR ACHIEVEMENT JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND KINGS COLLEGE KIWANIS CLUB - YOUTH TRIATHLON KNOX PARKS - WEXFORD PARK KNOX PARKS FOUNDATION LACKAWANNA, SUSQUEHANNA AND WAYNE COUNTIES LATIN CULTURAL DIVERSITY CENTER LEADERSHIP GREATER HARTFORD LEADERSHIP LACKAWANNA LOAVES AND FISHES LOCAL INITIATIVES SUPPORT CORPORATION LORAS COLLEGE LUPUS FOUNDATION MARCH OF DIMES MARK TWAIN HOUSE AND MUSEUM MARSHALL SCHOOL MERIDEN HUMANE SOCIETY METRO HARTFORD ALLIANCE MULTICULTURAL FAMILY CENTER MULTICULTURAL FAMILY CENTER DUBUQUE NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE THE NATIONAL MISSISSIPPI RIVER MUSEUM AND AQUARIUM DUBUQUE COUNTY HISTORICAL SOCIETY NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST IOWA COMMUNITY COLLEGE NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST REGIONAL CENTER FOR AUTISM OPENING DOORS OPENING DOORS: MARIA HOUSE AND TERESA SHELTER OSTERHOUT FREE LIBRARY OUR PIECE OF THE PIE PAGES & PLACES PRESENTATION LANTERN CENTER PROJECT CONCERN RADIO DUBUQUE REBUILDING TOGETHER HARTFORD RUTH’S PLACE WOMEN’S SHELTER SCRANTON COUNSELING CENTER SCRANTON KIWANIS FOUNDATION ST. FRANCIS OF ASSISI KITCHEN ST. FRANCIS OF ASSISI SOUP KITCHEN ST. JOSEPH’S CENTER ST. MARK COMMUNITY CENTER ST. STEPHEN’S CUPBOARD ST. VINCENT DE PAUL SOUP KITCHEN TEACH FOR AMERICA, INC., TEACH FOR AMERICA CONNECTICUT UNITED CEREBRAL PALSY UNITED OSTOMY ■

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Prudential Community Resources 2011 Supplement

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Message from Christine Marcks

Message from Community Resources

As a business, Prudential Retirement is committed to creating sustainable, long-term income solutions – making a difference in the lives of millions of individuals we serve through more than 6,000 institutional clients. As a corporate citizen, we also carry a commitment to the places where we live and work.

Prudential’s corporate citizenship strategy invests financial resources, business expertise and associate volunteer skills in efforts that build strong, sustainable communities. To achieve our objective, we work with our business and nonprofit partners to leverage strategic grantmaking, social investments, contributions and employee volunteers to address the social challenges faced by our neighbors around the world.

Prudential’s history as a leader in corporate citizenship is defined not only by our corporate philanthropy, but also by the individual contributions of our associates who engage in activities that strengthen their communities. This combination of institutional investment and personal commitment is the foundation of our organizational culture of leadership. As I have often noted, the passion and dedication that our associates have for delivering retirement security on the job is mirrored in their community engagement endeavors. They offer their time, energy, and expertise to support organizations working to create brighter futures for children, families and communities. They are Prudential’s unofficial ambassadors, and it is with great pride and pleasure that we share the community activities and accomplishments of hundreds of Prudential Retirement’s associates in 2011. I offer my heartfelt thanks to everyone who has contributed to the efforts highlighted here, and look forward to seeing many more great things in the years to come. Christine C. Marcks

Senior Vice President, Retirement

The 2011 annual report, “Making a Difference,” highlights some of the ways that our partnerships work to create opportunities for a bright, prosperous and sustainable shared future. I am proud to present our collaboration with Prudential Retirement to help build stronger communities in Dubuque, Hartford, Scranton, and Woodbridge. Lata N. Reddy

Vice President, Corporate Social Responsibility

Prudential Retirement With more than 85 years of experience, Prudential Retirement delivers retirement plan solutions for public, private and nonprofit organizations to help them manage risk and prepare their employees and members for secure retirement. Prudential Retirement’s 2,600 employees are committed to creating solutions that deliver retirement security to more than three million individuals covered by their 6,000 institutional clients’ plans. Our commitment to corporate citizenship is also Rock Solid®. In 2011, Prudential Retirement associates in Dubuque, IA, Hartford, CT, Scranton, PA, and Woodbridge, NJ, provided leadership and volunteer services to nonprofit organizations and neighborhood projects that complemented strategic corporate contributions and grants from The Prudential Foundation.

Dubuque

The Prudential Foundation Grants • • • • • •

 rea Residential Care, Inc. ............................................... $10,000 A Multicultural Family Center................................................. $10,000 Opening Doors: Maria House and Teresa Shelter.................. $10,000 St. Mark Community Center for Ministry............................. $10,000 St. Stephen’s Cupboard.................................................... $20,000 The National Mississippi River Museum and Aquarium – Dubuque County Historical Society ............................... $20,000

Corporate Contributions • • • • • • • • • •

A  lzheimer’s Association A  merican Cancer Society A  rea Residential Care C  larke University C  ommunity Foundation of Greater Dubuque C  rescent Community Health Center D  ubuque Area Youth Leadership Council D  ubuque Bridges Initiative D  ubuque Downtown Kiwanis Club D  ubuque Humane Society

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D  ubuque Main Street D  ubuque Museum of Art D  ubuque Rescue Mission D  ubuque Symphony Orchestra G  rand Opera House Dubuque H  illcrest Family Services H  ills & Dales L  oras College M  arch of Dimes M  ulticultural Family Center Dubuque N  ortheast Iowa Community College O  pening Doors P  resentation Lantern Center P  roject Concern R  adio Dubuque S  t. Mark Community Center U  nited Way U  niversity of Dubuque

Employee Volunteerism In 2011, The Dubuque Community Engagement Council (CEC) members provided leadership to Dubuque associates for multiple volunteer events that supported positive change in their communities. We are proud to highlight the following events: The Chili Cook-Off is Prudential Dubuque’s Global Volunteer Day event. Proceeds from this event support multiple nonprofit organization in Dubuque. Over the past eight years, Prudential Dubuque has been an integral part of this event, and, during 2011, associates provided over 150 volunteer hours toward its success. Prudential Retirement supports the Chili Cook-Off’s Children’s Corner, providing games to aid in the fundraising, as well as competing in the actual chili cook-off. Relay for Life is significant to many associates and citizens in Dubuque. Prudential Retirement Services volunteers provided almost 100 hours in support of the 15th annual event in support of prevention education and research.

Mentoring – Dubuque associates worked with local elementary school students, mentoring them in leadership, positive choices and the power of education. The volunteers logged 275 hours for 2011 through this program. In addition to the above highlights, the CEC supported the following organizations and events in 2011: • American Cancer Society • Area Residential Care • Camp Courageous • Dubuque Main Street • Hillcrest Family Services • March of Dimes • Marshall School • Opening Doors • St. Mark Community Center CEC Members Lisa Breen (Chair), Nicky Astgen, Tracy Berning, Jody Calvert, Kristen Cockroft, Mandy Halibur, Kandice Kerr, Julie Klein, Nikki Lattner, Lynne Lippert, Jennifer Roling, Anne Marie Sauerberg, Dawn Wagner, and Jeff Wolf

Hartford

The Prudential Foundation Grants • Achieve Hartford!........................................................... $150,000 • Artists Collective, Inc........................................................ $25,000 • Boys & Girls Clubs of Hartford, Inc.................................... $35,000 • Co-Opportunity Inc......................................................... $100,000 • Connecticut Center for School Change, Inc......................... $20,000 • Foodshare Inc................................................................ $100,000 • Greater Hartford Arts Council Incorporated........................... $50,000 • HEDCo, Inc. ................................................................... $25,000 •L  ocal Initiatives Support Corporation ................................ $50,000 •O  ur Piece of the Pie......................................................... $60,000 • Teach for America, Inc., Teach for America Connecticut......................................... $30,000 • The Center for Professional Development at the University of Hartford............................................. $75,000 •U  nited Way of the Capital Area, Inc. ................................. $50,000

Corporate Contributions • • • • • • • • • • • • • • • • • • •

Achieve! Hartford Amistad Center for Arts & Culture Bushnell Center for Performing Arts Community Development Initiatives Connecticut Council for Philanthropy The Connecticut Forum Greater Hartford Arts Council Hartford Area Habitat for Humanity Hartford Gay and Lesbian Coalition Hartford Stage Hartford Symphony Orchestra Hartford Youth Scholars Foundation Interval House iQuilt Partnership Junior Achievement of Southwest New England Knox Parks Foundation Leadership Greater Hartford Loaves and Fishes Mark Twain House and Museum

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Metro Hartford Alliance National Conference for Community and Justice Our Piece of the Pie Urban League of Greater Hartford YWCA of the Hartford Region

Employee Volunteerism More than 100 Prudential Retirement Hartford volunteers supported Global Volunteer Day in 2011. They provided hearts and hands in service to projects that brought smiles to pediatric cancer patients, beauty to city parks, and the security and peace of mind that comes with decent affordable homes for families. In addition to the above highlights, the Hartford CEC supported the following organizations and events in 2011: • Capital Prep Magnet School • Community Meals • Connecticut Children’s Medical Center • Habitat for Humanity House of Bread • Junior Achievement • Knox Parks - Wexford Park • Loaves and Fishes • Meriden Humane Society • Rebuilding Together Hartford • The Village for Families and Children CEC Members Vincenzo Dastoli (Chair), Milvette Betancourt, Lisa Bluffington, Jen Capozziello, Kewanna Carlton, Christy Clark, Evelyn Cuipenski, John Gouveia, Adam Login, Sarah McEleney, Kevin Mooney, Pratik Naik, Brian Thibeault, Wanda Ware, Stephanie Web and Robert Wescott

Scranton

The Prudential Foundation Grants • Commission on Economic Opportunity of Luzerne County.... $35,000 •F  riendship House............................................................... $1,000 •K  ings College.................................................................. $15,000 •S  t. Francis of Assisi Kitchen ............................................... $1,000 •S  t. Vincent De Paul Soup Kitchen ..................................... $20,000 • The University Of Scranton................................................ $15,000 •V  oluntary Action Center of Northeastern Pennsylvania, Big Brothers Big Sisters of Lackawanna, Susquehanna and Wayne Counties..................................................... $15,000

Corporate Contributions • • • • • •

American Red Cross Anthracite Heritage Museum & Iron Furnaces Children’s Advocacy Center Dress for Success – Lackawanna County Electric City Trolley Museum Latin Cultural Diversity Center

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Leadership Lackawanna Northeast Regional Cancer Institute Pages & Places Scranton Counseling Center Scranton Kiwanis Foundation St. Francis of Assisi Kitchen University of Scranton Women’s Resource Center

Employee Volunteerism During 2011, Scranton associates provided almost 7,400 volunteer hours for local nonprofit organizations. Highlights of 2011 activities include: St. Vincent de Paul Soup Kitchen – Fifty-two Prudential associates volunteered to service meals during Global Volunteer Day weekend in two separate sites (Wilkes-Barre and Scranton). Prudential also provided funding for a volunteer recognition event for over 100 community volunteers to the kitchens and spoke about Prudential’s role and commitment to serving their local communities.

Summer Feeding Program – One hundred seventy Prudential employees volunteered for 10 weeks at the program that supports adequate nutrition for at-risk children. Receiving donations from the Weinberg Northeast Regional Food Bank, six sites serve balanced lunches to children during the summer months. Prudential Retirement volunteers serve meals, assist in keeping eating areas clean, and play games with the children. Taylor Nursing Home – Prudential associates brought holiday cheer to all 183 residents with gifts and a merry sing-along that was welcomed by all. In addition to the above highlights, the CEC supported the following organizations and events in 2011: • American Cancer Society • Anthracite Heritage Museum & Iron Furnaces • Big Brothers Big Sisters of Lackawanna County • Children’s Advocacy Center • Countryside Conservancy • Dress for Success – Lackawanna County • Electric City Trolley Museum • Kiwanis Club - Youth Triathlon • Lupus Foundation • Northeast Regional Cancer Institute • Northeast Regional Center for Autism • Osterhout Free Library • Ruth’s Place Women’s Shelter • St. Francis of Assisi Soup Kitchen St. Joseph’s Center • United Cerebral Palsy • University of Scranton • Weinberg Northeast Regional Food Bank CEC Members Bob Angeli, Lisa Barrett, Mary Borthwick, Judith Brown, Ellen Farrell, Catherine Gallinot, Sharon Haines, Debra Hedrick, Susan Micka, Danielle Namiotka, Kathleen Swartwood, Anna Tietje, Susan Unvarsky, Michael Williamson and Mori Wilner

Woodbridge

Employee Volunteerism The Community Volunteer Council in Woodbridge, New Jersey, is comprised of associates from Prudential Retirement, PRUCO COMMAND and the Centralized Transaction Review Unit. Woodbridge associates lead volunteer activities that supported children, veterans and families in the community. Highlights of 2011 activities include: The “Attire for Hire” clothing drive supported women in need of career clothing to support financial independence, a Thanksgiving food drive, and a drive for men’s clothing and winter coats supported communities in need. Backpack Challenge – Over 80 backpacks were filled, collected and delivered to children in foster care. Operation Shoe Box – Boxes were filled with items for our troops overseas as well as local veterans. Happy Campers Collection – Camping supplies were collected and donated to attendees of Kiddie Keep Well Camp, a residential camping experience for at-risk children. Dress a Bear and Holiday Tree – Gifts were collected for struggling families, and more than 100 teddy bears were dressed and decorated to delight local children in hospital care during the holiday season. Global Volunteer Day – Over the last five years, Prudential Woodbridge has partnered with the Woodbridge Housing Authority through an annual Global

Volunteer Day project that supports the community by helping to maintain safe, decent and sanitary housing for individuals of very low to moderate income. In 2011, more than 50 volunteers came out to beautify facilities for our neighbors in need. CVC Members Cecy D’Amore (Chair), Carol Bellettiere, Donna Blaes, Michael Calabro, Karen Finney-Jones, June Hendricks, Jessica Kaimo, Joe Saggese, Michelle Stecki, Michael Vitale.

ACHIEVE! HARTFORD ALZHEIMER’S ASSOCIATION AMERICAN CANCER SOCIETY AMERICAN RED CROSS AMISTAD CENTER FOR ARTS & CULTURE ANTHRACITE HERITAGE MUSEUM & IRON FURNACES AREA RESIDENTIAL CARE, INC. ARTISTS COLLECTIVE, INC. BIG BROTHERS BIG SISTERS OF LACKAWANNA COUNTY BOYS AND GIRLS CLUBS OF HARTFORD, INC. BUSHNELL CENTER FOR PERFORMING ARTS CAMP COURAGEOUS CAPITAL PREP MAGNET SCHOOL THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD CHILDREN’S ADVOCACY CENTER CLARKE UNIVERSITY CO-OPPORTUNITY INC COMMISSION ON ECONOMIC OPPORTUNITY OF LUZERNE COUNTY COMMUNITY DEVELOPMENT INITIATIVES COMMUNITY FOUNDATION OF GREATER DUBUQUE COMMUNITY MEALS CONNECTICUT CENTER FOR SCHOOL CHANGE, INC. CONNECTICUT CHILDREN’S MEDICAL CENTER CONNECTICUT COUNCIL FOR PHILANTHROPY THE CONNECTICUT FORUM COUNTRYSIDE CONSERVANCY CRESCENT COMMUNITY HEALTH CENTER DRESS FOR SUCCESS – LACKAWANNA COUNTY DUBUQUE AREA YOUTH LEADERSHIP COUNCIL DUBUQUE BRIDGES INITIATIVE DUBUQUE DOWNTOWN KIWANIS CLUB DUBUQUE HUMANE SOCIETY DUBUQUE MAIN STREET DUBUQUE MUSEUM OF ART DUBUQUE RESCUE MISSION DUBUQUE SYMPHONY ORCHESTRA ELECTRIC CITY TROLLEY MUSEUM FOODSHARE INC FRIENDSHIP HOUSE GRAND OPERA HOUSE DUBUQUE GREATER HARTFORD ARTS COUNCIL GREATER HARTFORD ARTS COUNCIL INCORPORATED HABITAT FOR HUMANITY HOUSE OF BREAD HARTFORD AREA HABITAT FOR HUMANITY HARTFORD GAY AND LESBIAN COALITION HARTFORD STAGE HARTFORD SYMPHONY ORCHESTRA HARTFORD YOUTH SCHOLARS FOUNDATION HEDCO, INC. HILLCREST FAMILY SERVICES HILLS & DALES INTERVAL HOUSE IQUILT PARTNERSHIP JUNIOR ACHIEVEMENT JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND KINGS COLLEGE KIWANIS CLUB - YOUTH TRIATHLON KNOX PARKS - WEXFORD PARK KNOX PARKS FOUNDATION LACKAWANNA, SUSQUEHANNA AND WAYNE COUNTIES LATIN CULTURAL DIVERSITY CENTER LEADERSHIP GREATER HARTFORD LEADERSHIP LACKAWANNA LOAVES AND FISHES LOCAL INITIATIVES SUPPORT CORPORATION LORAS COLLEGE LUPUS FOUNDATION MARCH OF DIMES MARK TWAIN HOUSE AND MUSEUM MARSHALL SCHOOL MERIDEN HUMANE SOCIETY METRO HARTFORD ALLIANCE MULTICULTURAL FAMILY CENTER MULTICULTURAL FAMILY CENTER DUBUQUE NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE THE NATIONAL MISSISSIPPI RIVER MUSEUM AND AQUARIUM DUBUQUE COUNTY HISTORICAL SOCIETY NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST IOWA COMMUNITY COLLEGE NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST REGIONAL CENTER FOR AUTISM OPENING DOORS OPENING DOORS: MARIA HOUSE AND TERESA SHELTER OSTERHOUT FREE LIBRARY OUR PIECE OF THE PIE PAGES & PLACES PRESENTATION LANTERN CENTER PROJECT CONCERN RADIO DUBUQUE REBUILDING TOGETHER HARTFORD RUTH’S PLACE WOMEN’S SHELTER SCRANTON COUNSELING CENTER SCRANTON KIWANIS FOUNDATION ST. FRANCIS OF ASSISI KITCHEN ST. FRANCIS OF ASSISI SOUP KITCHEN ST. JOSEPH’S CENTER ST. MARK COMMUNITY CENTER ST. STEPHEN’S CUPBOARD ST. VINCENT DE PAUL SOUP KITCHEN TEACH FOR AMERICA, INC., TEACH FOR AMERICA CONNECTICUT UNITED CEREBRAL PALSY UNITED OSTOMY ASSOCIATION, INC. UNITED WAY UNITED WAY OF THE CAPITAL AREA, INC. UNIVERSITY OF DUBUQUE THE UNIVERSITY OF SCRANTON URBAN LEAGUE OF GREATER HARTFORD THE VILLAGE FOR FAMILIES AND CHILDREN VOLUNTARY ACTION CENTER OF NORTHEASTERN PENNSYLVANIA, BIG BROTHERS BIG SISTERS OF WEINBERG NORTHEAST REGIONAL FOOD BANK WOMEN’S RESOURCE CENTER YWCA OF THE HARTFORD REGION ACHIEVE! HARTFORD ALZHEIMER’S ASSOCIATION AMERICAN CANCER SOCIETY AMERICAN RED CROSS AMISTAD CENTER FOR ARTS & CULTURE ANTHRACITE HERITAGE MUSEUM & IRON FURNACES AREA RESIDENTIAL CARE, INC. ARTISTS COLLECTIVE, INC. BIG BROTHERS BIG SISTERS OF LACKAWANNA COUNTY BOYS AND GIRLS CLUBS OF HARTFORD, INC. BUSHNELL CENTER FOR PERFORMING ARTS CAMP COURAGEOUS CAPITAL PREP MAGNET SCHOOL THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD CHILDREN’S ADVOCACY CENTER CLARKE UNIVERSITY CO-OPPORTUNITY INC COMMISSION ON ECONOMIC OPPORTUNITY OF LUZERNE COUNTY COMMUNITY DEVELOPMENT INITIATIVES COMMUNITY FOUNDATION OF GREATER DUBUQUE COMMUNITY MEALS CONNECTICUT CENTER FOR SCHOOL CHANGE, INC. CONNECTICUT CHILDREN’S MEDICAL CENTER CONNECTICUT COUNCIL FOR PHILANTHROPY THE CONNECTICUT FORUM COUNTRYSIDE CONSERVANCY CRESCENT COMMUNITY HEALTH CENTER DRESS FOR SUCCESS – LACKAWANNA COUNTY DUBUQUE AREA YOUTH LEADERSHIP COUNCIL DUBUQUE BRIDGES INITIATIVE DUBUQUE DOWNTOWN KIWANIS CLUB DUBUQUE HUMANE SOCIETY DUBUQUE MAIN STREET DUBUQUE MUSEUM OF ART DUBUQUE RESCUE MISSION DUBUQUE SYMPHONY ORCHESTRA ELECTRIC CITY TROLLEY MUSEUM FOODSHARE INC FRIENDSHIP HOUSE GRAND OPERA HOUSE DUBUQUE GREATER HARTFORD ARTS COUNCIL GREATER HARTFORD ARTS COUNCIL INCORPORATED HABITAT FOR HUMANITY HOUSE OF BREAD HARTFORD AREA HABITAT FOR HUMANITY HARTFORD GAY AND LESBIAN COALITION HARTFORD STAGE HARTFORD SYMPHONY ORCHESTRA HARTFORD YOUTH SCHOLARS FOUNDATION HEDCO, INC. HILLCREST FAMILY SERVICES HILLS & DALES INTERVAL HOUSE IQUILT PARTNERSHIP JUNIOR ACHIEVEMENT JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND KINGS COLLEGE KIWANIS CLUB - YOUTH TRIATHLON KNOX PARKS - WEXFORD PARK KNOX PARKS FOUNDATION LACKAWANNA, SUSQUEHANNA AND WAYNE COUNTIES LATIN CULTURAL DIVERSITY CENTER LEADERSHIP GREATER HARTFORD LEADERSHIP LACKAWANNA LOAVES AND FISHES LOCAL INITIATIVES SUPPORT CORPORATION LORAS COLLEGE LUPUS FOUNDATION MARCH OF DIMES MARK TWAIN HOUSE AND MUSEUM MARSHALL SCHOOL MERIDEN HUMANE SOCIETY METRO HARTFORD ALLIANCE MULTICULTURAL FAMILY CENTER MULTICULTURAL FAMILY CENTER DUBUQUE NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE THE NATIONAL MISSISSIPPI RIVER MUSEUM AND AQUARIUM DUBUQUE COUNTY HISTORICAL SOCIETY NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST IOWA COMMUNITY COLLEGE NORTHEAST REGIONAL CANCER INSTITUTE NORTHEAST REGIONAL CENTER FOR AUTISM OPENING DOORS OPENING DOORS: MARIA HOUSE AND TERESA SHELTER OSTERHOUT FREE LIBRARY OUR PIECE OF THE PIE PAGES & PLACES PRESENTATION LANTERN CENTER PROJECT CONCERN RADIO DUBUQUE REBUILDING TOGETHER HARTFORD RUTH’S PLACE WOMEN’S SHELTER SCRANTON COUNSELING CENTER SCRANTON KIWANIS FOUNDATION ST. FRANCIS OF ASSISI KITCHEN ST. FRANCIS OF ASSISI SOUP KITCHEN ST. JOSEPH’S CENTER ST. MARK COMMUNITY CENTER ST. STEPHEN’S CUPBOARD ST. VINCENT DE PAUL SOUP KITCHEN TEACH FOR AMERICA, INC., TEACH FOR AMERICA CONNECTICUT UNITED CEREBRAL PALSY UNITED OSTOMY ASSOCIATION, INC. UNITED WAY UNITED WAY OF THE CAPITAL AREA, INC. UNIVERSITY OF DUBUQUE THE UNIVERSITY OF SCRANTON URBAN LEAGUE OF GREATER HARTFORD THE VILLAGE FOR FAMILIES AND CHILDREN VOLUNTARY ACTION CENTER OF NORTHEASTERN PENNSYLVANIA, BIG BROTHERS BIG SISTERS OF WEINBERG NORTHEAST REGIONAL FOOD BANK WOMEN’S RESOURCE CENTER YWCA OF THE HARTFORD REGION ACHIEVE! HARTFORD ALZHEIMER’S ASSOCIATION AMERICAN CANCER SOCIETY AMERICAN RED CROSS AMISTAD CENTER FOR ARTS & CULTURE ANTHRACITE HERITAGE MUSEUM & IRON FURNACES AREA RESIDENTIAL CARE, INC. ARTISTS COLLECTIVE, INC. BIG BROTHERS BIG SISTERS OF LACKAWANNA COUNTY BOYS AND GIRLS CLUBS OF HARTFORD, INC. BUSHNELL CENTER FOR PERFORMING ARTS CAMP COURAGEOUS CAPITAL PREP MAGNET SCHOOL THE CENTER FOR PROFESSIONAL DEVELOPMENT AT THE UNIVERSITY OF HARTFORD CHILDREN’S ADVOCACY CENTER CLARKE UNIVERSITY CO-OPPORTUNITY INC COMMISSION ON ECONOMIC OPPORTUNITY OF LUZERNE COUNTY COMMUNITY DEVELOPMENT INITIATIVES COMMUNITY FOUNDATION OF GREATER DUBUQUE COMMUNITY MEALS CONNECTICUT CENTER FOR SCHOOL CHANGE, INC. CONNECTICUT CHILDREN’S MEDICAL CENTER CONNECTICUT COUNCIL FOR PHILANTHROPY THE CONNECTICUT FORUM COUNTRYSIDE CONSERVANCY CRESCENT COMMUNITY HEALTH CENTER DRESS FOR SUCCESS – LACKAWANNA COUNTY DUBUQUE AREA YOUTH LEADERSHIP COUNCIL DUBUQUE BRIDGES INITIATIVE DUBUQUE DOWNTOWN KIWANIS CLUB DUBUQUE HUMANE SOCIETY DUBUQUE MAIN STREET DUBUQUE MUSEUM OF ART DUBUQUE RESCUE MISSION DUBUQUE SYMPHONY ORCHESTRA ELECTRIC CITY TROLLEY MUSEUM FOODSHARE INC FRIENDSHIP HOUSE GRAND OPERA HOUSE DUBUQUE GREATER HARTFORD ARTS COUNCIL GREATER HARTFORD ARTS COUNCIL INCORPORATED HABITAT FOR HUMANITY HOUSE OF BREAD HARTFORD AREA HABITAT FOR HUMANITY HARTFORD GAY AND LESBIAN COALITION HARTFORD STAGE HARTFORD SYMPHONY ORCHESTRA HARTFORD YOUTH SCHOLARS FOUNDATION HEDCO, INC. HILLCREST FAMILY SERVICES HILLS & DALES INTERVAL HOUSE IQUILT PARTNERSHIP JUNIOR ACHIEVEMENT JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND KINGS COLLEGE KIWANIS CLUB - YOUTH TRIATHLON KNOX PARKS - WEXFORD PARK KNOX PARKS FOUNDATION LACKAWANNA, SUSQUEHANNA AND WAYNE COUNTIES LATIN CULTURAL DIVERSITY CENTER LEADERSHIP GREATER HARTFORD LEADERSHIP LACKAWANNA LOAVES AND FISHES LOCAL INITIATIVES SUPPORT CORPORATION LORAS COLLEGE LUPUS FOUNDATION MARCH OF DIMES MARK TWAIN HOUSE AND MUSEUM MARSHALL SCHOOL MERIDEN HUMANE SOCIETY METRO HARTFORD ALLIANCE MULTICULTURAL FAMILY ■

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