Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Prudential Financial Inc    PRU

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Prudential Financial Inc : The Prudential Foundation awards $1 million to The Community FoodBank of New Jersey

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 04:05pm CET

The Prudential Foundation has made a $1 million three-year grant to support The Community FoodBank of New Jersey's capital campaign, to renovate and expand its existing facilities and update its fleets and warehouse assets at its main location in Hillside and its southern branch in Egg Harbor Township, New Jersey.

"With the U.S. and world economics in crisis, more unemployed workers, working families and seniors are living at the margins of poverty and are turning up in greater numbers to their local food pantry or soup kitchen when they run low on money to buy food," said Sharon C. Taylor, senior vice president and head of Corporate Human Resources at Prudential and chair of The Prudential Foundation. "The Prudential Foundation is proud to be able to support The Community FoodBank achieve its goal of helping people with limited incomes meet their basic needs."

The FoodBank is a central food distribution center for other nonprofits in New Jersey that serve individuals, soup kitchens, food pantries and shelter. In addition to food distribution, the FoodBank operates programs such as the Community Kitchen, the Food Services Academy, the Kids Division and an on-site Thrift Shop.

"Since the economic crisis began in 2008, the FoodBank has increased its distribution by 60 percent," said Kathleen DiChiara, president and CEO of the FoodBank. "Last year we helped 1,500 partner organizations distribute more than 38 million pounds of food in 18 New Jersey counties helping to feed 900,000 people."

To help meet this rising demand, the FoodBank has launched a capital campaign to raise $15 million for infrastructure enhancements, improvements to its truck fleet, warehouse equipment and information technology, program expansion and to increase the organization's long-term sustainability.

"We are delighted to receive the $1 million Prudential Foundation grant to help us achieve our capital campaign goals," said DiChiara. Funds raised in the capital campaign will help The FoodBank continue its many programs and services: a Mobile Pantry Program that distributes food in neighborhoods; the Kids Cafe afterschool feeding program for children; Food Service Training Academy, a job-training program that gives people skills they need to step out of poverty; and the Supermarket Gleaning Program, a source of donated nutritious food. In addition, two new programs will be created - the Fresh Produce Initiative, which is expected to yield at least 300,000 pounds of fresh-grown produce for distribution by the FoodBank this year; and a Meat Cutters Training Program.

The Community FoodBank of New Jersey is a member of Feeding America, the nation's largest network of food banks, as well as a member of the New Jersey Federation of Food Banks. The mission of the Food Bank is to fight hunger and poverty by assisting those in need and seeking long term solutions..

The Prudential Foundation is a not-for-profit corporation supported by The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. The Prudential Foundation focuses its grant making strategy in the areas of education, economic development and arts and civic infrastructure; and it supports community engagement efforts of Prudential employees through Matching Gifts and other programs that recognize their volunteer work.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $943 billion of assets under management as of March 31, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/

Prudential Financial, Inc.
Karen Oliver Moore, 973-802-8533
karen.moore@prudential.com
mobile: 201-314-0252


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PRUDENTIAL FINANCIAL INC
05:15p ANI PHARMACEUTICALS : The Wells Fargo & Company Mn Has $551,000 Position in Ani ..
01/18 PRUDENTIAL FINANCIAL INC : Regulation FD Disclosure (form 8-K)
01/18DJLower Oil Prices Drag on Energy Stocks
01/18 PRUDENTIAL FINANCIAL : Investments adds six DCIO team members to support growth ..
01/17 PRUDENTIAL FINANCIAL : earns WorldatWork 2017 Seal of Distinction
01/16 PRUDENTIAL FINANCIAL : One Energy Enterprises Secures $80 Million in Financing f..
01/12 PRUDENTIAL CAPITAL PARTNERS : raises $1.8 billion for its fifth mezzanine fund
01/10 PRUDENTIAL FINANCIAL : Nassau County $1.3 billion government plan renews with Pr..
01/10 PRUDENTIAL INVESTMENTS : launches Prudential International Bond Fund
01/08 PRUDENTIAL FINANCIAL : Olivia Woodrich, BA senior, named Broken Arrow High Schoo..
More news
Sector news : Life & Health Insurance - NEC
11:08a Tencent, Hillhouse Capital take stakes in Aviva Hong Kong
10:38aDJAVIVA : Hillhouse, Tencent to Launch in Hong Kong Joint Venture
01/19 AVIVA : Zurich Insurance says to cut 240 jobs in Britain
01/19DJAVIVA : to Combine UK Insurance Businesses; Appoints Andy Biggs to Lead
01/17 Buffett's Berkshire Hathaway wins reinsurance licence in Malaysia
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
01/18 RPV : In Pursuit Of Deep Value
01/12 Banks lead S&P 500 lower as bulls lighten up ahead of earnings
01/09 WELLS FARGO : Too Big To Own?
01/06 MY 2016 PORTFOLIO WRAP UP : 2 New Positions, 3 Existing And 1 Sale
01/02 The FIG Ideas U.S. Financials Portfolio
Advertisement
Financials ($)
Sales 2016 50 128 M
EBIT 2016 5 505 M
Net income 2016 4 545 M
Debt 2016 -
Yield 2016 2,69%
P/E ratio 2016 9,38
P/E ratio 2017 10,47
Capi. / Sales 2016 0,90x
Capi. / Sales 2017 0,91x
Capitalization 45 047 M
More Financials
Chart PRUDENTIAL FINANCIAL INC
Duration : Period :
Prudential Financial Inc Technical Analysis Chart | PRU | US7443201022 | 4-Traders
Full-screen chart
Technical analysis trends PRUDENTIAL FINANC...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 111 $
Spread / Average Target 6,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John Robert Strangfeld Chairman, President & Chief Executive Officer
Stephen P. Pelletier Chief Operating Officer-US Business & Executive VP
Charlie F. Lowrey Chief Operating Officer-International & EVP
Robert M. Falzon Chief Financial Officer & Executive Vice President
Barbara G. Koster Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PRUDENTIAL FINANCIAL I..0.67%45 047
AXA-3.02%60 221
METLIFE INC0.24%59 375
PRUDENTIAL PLC-3.56%49 467
MANULIFE FINANCIAL COR..1.11%36 377
AFLAC INCORPORATED-0.20%28 347
More Results