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PRUDENTIAL PROVIDES $100,000 DONATION TO CONGRESSIONAL
BLACK CAUCUS FOUNDATION SUMMER INTERN PROGRAM
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WASHINGTON – Prudential Financial Inc. [NYSE:PRU] today
provided a $100,000 donation to the Congressional Black Caucus Foundation
to support the participation of 10 college students in the Foundation’s
2007 summer congressional internship program.
Sharon Taylor, senior vice president and head of corporate human resources
at Prudential, presented the donation to U.S. Rep. Kendrick B. Meek (D-Fla.),
the Foundation’s chairman, and Elsie Scott, Ph.D., its president
and chief executive officer, at the organization’s quarterly board
of directors meeting.
“The Congressional Black Caucus Foundation’s Congressional
Internship Program provides a superb opportunity for high-achieving college
students to learn the ins and outs of how the legislative branch of our
government operates on a day-to-day basis,” Taylor said. “We
are proud to partner with the CBCF in this commendable program.”
The Foundation will select the interns from various geographical areas
where Prudential has a strong business presence. They will be assigned
from late May through late July to the offices of members of Congress
who oversee committees that affect the financial services industry.
Established in 1986, the Congressional Internship Program answered the
call to help diversify our democracy by increasing the pool of talented
public servants. The intensive nine-week program provides college undergraduates
with a behind-the-scenes look into the democratic process. Through experiential
learning in the office of a Congressional Black Caucus Member, the internship
prepares the interns to be decision makers in the policy making process.
“CBCF is grateful for Prudential’s support,” Dr. Scott
said. “Its contribution will be added to the funding received from
other generous corporate sponsors to help improve the quality of the program
and allow the Foundation to increase its stipend to offset the financial
hardships facing low-income students who participate in the internship
program.”
About the Congressional Black Caucus Foundation
The Congressional Black Caucus Foundation Inc. was established in 1976
as a nonpartisan, nonprofit, public policy, research and education institute
intended to help improve the socio-economic circumstances of African Americans
and other underserved communities.
About Prudential Financial Inc.
Prudential Financial Inc. (NYSE: PRU), a financial services leader with
approximately $630 billion of assets under management as of March 31,
2007, has operations in the United States, Asia, Europe, and Latin America.
Leveraging its heritage of life insurance and asset management expertise,
Prudential is focused on helping individual and institutional customers
grow and protect their wealth. The company’s well-known Rock symbol
is an icon of strength, stability, expertise and innovation that has stood
the test of time. Prudential's businesses offer a variety of products
and services, including life insurance, annuities, retirement-related
services, mutual funds, asset management, and real estate services. For
more information, please visit www.prudential.com.
Inquiries:
Prudential Financial Inc. Congressional Black Caucus Foundation
Harold Banks Patty Rice
(973) 802-8974 (202) 263-2829
harold.banks@prudential.com price@cbcfinc.org
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