14th Annual Prudential CARES Volunteer Grants Program Awards $512,750 in Grants Worldwide.

NEWARK, N.J. -- Prudential CARES Volunteer Grants, the recognition and awards program for employees of Prudential Financial, recently acknowledged 793 domestic Prudential associates and retirees and 58 international associates, including employees from Argentina, Canada, Italy, Ireland, Japan, Korea, the Philippines and the United Kingdom, who excelled in volunteer commitment, leadership and service in their communities during 2004.

Grants issued by The Prudential Foundation this year totaled $512,750 and more than $8.7 million since the program began in 1991. The grant program recognizes both individual and team volunteers based on a minimum of 40 hours per individual of volunteer service. Grants range from $250 to $5,000 for each award winners' charitable organization.

"The Prudential CARES Volunteer Grants program reinforces the importance of community involvement. We leverage this program to reward our employees and retirees for their passion and commitment to the communities we serve. In addition to recognizing our associates for the invaluable number of volunteer hours they donate, the Prudential CARES Volunteer Grants rewards them with financial contributions to present to their charitable organization, which often uses the funds to meet the most pressing needs in the community," said Gabriella Morris, president of The Prudential Foundation and vice president of Community Resources for Prudential.

"Prudential has been involved in philanthropic efforts since its founding in 1875, working to strengthen our connections and impact in communities where it's needed most. As a result, we have been effective in benefiting more than 650 charitable organizations worldwide through the Volunteer Grants program this year alone," continued Morris.

Prudential Cares Volunteer Grants Program Fast Facts

--793 Prudential associates and retirees nationally

--58 associates across Argentina, Canada, Italy, Ireland, Japan, Korea, the Philippines and the United Kingdom

--$512,750 grants issued worldwide, including $495,750 in the United States.

--Grants were distributed in denominations of $250, $1,000, $2,500 and $5,000 to nonprofits where associates and retirees volunteer

"As the need for businesses to play a more active role in civic affairs is greater than ever, Prudential Financial, along with their dedicated employees, is doing their part with the Prudential CARES Volunteer Grants program. We congratulate all grant recipients for their dedication to their charities and commend them for their enthusiasm to make a difference in their communities," said Charles H. Moore, executive director of the Committee to Encourage Corporate Philanthropy (CECP).

The Committee to Encourage Corporate Philanthropy (CECP) is the only national forum of business CEOs with an agenda exclusively focused on corporate giving. CECP's Web site is http://www.corphilanthropy.org.

"Prudential's long-standing campaign aligns with our mission and core principle that corporate philanthropy is a sound business practice in the best interest of shareholders and should be institutionalized as an integral part of a company's mission and business practices," continued Moore.

Founded in 1977, The Prudential Foundation is the nonprofit grant-making organization of Prudential Financial, Inc. It is part of Prudential's Community Resources Department, a strategic combination of four units: the Foundation, which strives to build children and families' self sufficiency; the Social Investment Program, which originates and manages socially beneficial investments; Local Initiatives, which coordinates employee volunteerism and fosters community outreach; and Business Diversity Outreach, which facilitates diverse market development and outreach efforts for Prudential businesses.

The mission of the Community Resources Department is to strengthen Prudential by investing financial resources, business expertise and associate volunteer skills in programs that increase human potential and individual self-sufficiency through education, job skills, economic revitalization and basic community health.

Prudential Financial companies, with approximately $496 billion in total assets under management as of March 31, 2005, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. For more information, visit http://www.prudential.com.

Editor's Notes:

The Prudential CARES logo is immediately available upon request and Prudential Financial executives are available for interview to discuss this release and additional community outreach efforts by contacting Laura Richeson at Bennett & Company, 407-478-4040 or [e-mail].