Partner since 2007
Total Donated: $3.9 million in cash and $7.5 million invested in the UNICEF Bridge Fund
For the past several years, The Prudential Foundation has partnered with the U.S. Fund for UNICEF to support UNICEF's critical efforts to improve the education and life outcomes of children in Latin America.
In 2011, Prudential expanded their partnership by announcing a critical investment of $7.5 million in the U.S. Fund for UNICEF's Revolving Guarantee Bridge Fund, serving as the first corporate investor in this innovative new funding mechanism, which will help accelerate the lifesaving impact of UNICEF's global purchasing.
Since its founding in 1875, The Prudential Insurance Company of America has grown to become one of the largest life insurance companies in the U.S., and its commitment to the communities where its employees live and work is mirrored in its dedication to working on behalf of children and underserved communities globally. The Prudential Foundation, which was founded in 1977 as a not-for-profit corporation supported by The Prudential Insurance Company of America, promotes sustainable communities and leverages its giving to improve social outcomes, with a focus on education, and economic and civic development. This support is complimented by the generosity of countless Prudential employees who have supported UNICEF programs focused on improving the health, safety, and outcomes of children around the world.
Recognizing the role of education in building opportunities for youth, The Prudential Foundation is underwriting landmark research about the impact of education in economic development for middle-income countries. This research, concluding in 2012, will offer a substantive look at the reasons for school drop-outs in secondary education, with a particular perspective on middle-income countries. Through this research, emerging markets will have evidence to support the development of high-quality educational systems that provide access to every child.
Urban Platform Program, Brazil
In the most impoverished communities of Rio de Janeiro, The Prudential Foundation is impacting the lives of an estimated 180,000 children and adolescents with the Urban Platform Program. Through an integrated, long-term approach, this UNICEF-initiated program aims to bring all sectors of society together to solve the problems facing children. Working with partner organizations Movimento de Organização Comunitária and Centro Dom José Brandão de Castro, the program engages communities to participate in the day-to-day activities of schools. With a particular focus on indigenous populations, the program empowers young people to break the vicious cycle of poverty and exclusion, and to ensure better life conditions for themselves, their families, and their communities.
Strengthening Student Councils, Mexico
Since 2007, The Prudential Foundation has supported UNICEF's Strengthening Student Councils initiative, working within the schools of Mexico City, or the Federal District. Strengthening Student Councils provides an innovative approach to combating the violence children face in the classroom by developing student leaders and establishing opportunities for student engagement. The initiative represents success for UNICEF and The Prudential Foundation, as the program has been adopted by the Government of Mexico to expand throughout the Federal District, with UNICEF's support.