16th Annual Prudential CARES Volunteer Grants Program Awards $461,000 in Grants Worldwide.

NEWARK, N.J. -- The Prudential Foundation and Prudential Financial, recently provided $461,000 in Prudential CARES Volunteer Grants to 444 nonprofit organizations worldwide. The Prudential Foundation grants acknowledged the volunteer service of 567 Prudential associates and retirees in the United States, while the Prudential Financial grants recognized 53 Prudential employees in Argentina, Canada, Ireland, Italy, Japan and South Korea, all who excelled in commitment, leadership and service to their communities.

The Prudential CARES Volunteer Grants program recognizes individual and team volunteers based on a minimum of 40 hours of volunteer service per individual. Grants range from $250 to $5,000 for each award winner's charitable organization.

     Fast Facts
- Number of winners
  Total: 619
    U.S.: 566
    International: 53

- Amount awarded
  Total: $461,000
    U.S.: $444,750
    International: $16,250

- Recipient charities
  444

"Giving back to the community through our people and our resources is important to Prudential. That's why I so strongly consider the Prudential CARES Volunteer Grants program, which is now in its 16th year, to be such a vital part of our overall mission," said Arthur Ryan, chairman and CEO of Prudential Financial, Inc.

"Prudential's philanthropic involvement dates back to the founding of the company in 1875. Today, our focus is guided by what our employees think is important, because our success is driven by what our employees do in concert with the company. If we can get our employees and their family and friends engaged in the community, we've created something greater than the sum of its parts," added Ryan.

Gabriella Morris, president of The Prudential Foundation and vice president of Community Resource at Prudential, said, "We continue to be impressed by the dedication of our employees and retirees who give so much of their time and talent to their local communities. Prudential is equally committed to recognizing and supporting their hard work with financial contributions to their charitable organizations."

According to Charles H. Moore, executive director of the Committee Encouraging Corporate Philanthropy, "Corporate giving creates a win-win scenario for business and the public. Initiatives like Prudential's long-standing CARES program prove that a company can increase loyalty by generously and consistently supporting the communities in which they operate."

The Committee Encouraging Corporate Philanthropy (CECP) is the only international forum of business CEOs and Chairpersons focused on raising the level and quality of corporate philanthropy. Membership includes more than 150 CEOs and Chairpersons representing companies that account for more than 40 percent of reported corporate giving in the United States. CECP's Web site is www.CorporatePhilanthropy.org.

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, Inc. (NYSE:PRU), a financial services leader with approximately $648 billion of assets under management as of June 30, 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, investment management and real estate services. For more information, please visit www.prudential.com.

Editor's Note:

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, APR, at Bennett & Company, 407-478-4040 or [e-mail].