Nonprofit Finance Fund and Prudential Financial announce Newark Resilience Initiative Grants to Local Nonprofits

February 14, 2018

NEW YORK, Feb. 14, 2018 – Today Nonprofit Finance Fund (NFF) and Prudential Financial, Inc. announced capital grants to 15 Newark-based nonprofits as part of the Newark Resilience Initiative (NRI).

NRI, funded by The Prudential Foundation and facilitated by NFF, began in the summer of 2016 with financial-skills building clinics for the leaders of 30 Newark-based nonprofits. Fifteen of those nonprofits were selected through a competitive application process to receive customized consulting and the chance to apply for flexible capital. The $1.5 million pool, provided by Prudential, will be distributed to the organizations to help enact their plans and support their financial health. (Click here to read the Nov. 30, 2016 announcement.)

 Ranging from $75,000 to $125,000, the grants  aim to help the 15 nonprofits increase their adaptability and financial resilience advancing their missions of providing critical services to the Newark community. Here are the recipients’ planned uses for this money:

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