Prudential teams up with YouthBuild programs for green building project
On a day with temperatures soaring to near 100 degrees, 50 students from Arizona YouthBuild programs joined more than 100 Prudential employees and private sector partners in a first-ever day of service in Phoenix. Together, participants built the exterior and interior walls for three green homes that will ultimately be owned by low-income families in nearby Avondale, Ariz. The joint building service project by YouthBuild USA, Inc. and The Prudential Foundation announced a $2.75 million national partnership grant to support the expansion of the YouthBuild program. The Prudential Foundation is a nonprofit corporation supported by The Prudential Insurance Company of America, an insurance subsidiary of Newark, NJ-based Prudential Financial Inc.
The event marked the launch of the next stage of the 14-year relationship between Prudential and YouthBuild, and a nationwide partnership with YouthBuild USA, Inc. The U.S. Prudential partnership with YouthBuild USA grew out of an existing relationship between The Prudential Foundation and YouthBuild International’s efforts in Mexico and Brazil.
"The relationship with YouthBuild began with a grant, but has grown into a full corporate partnership that includes employee service, corporate sponsorship, and collaboration on joint projects," says Lata Reddy, Vice President of Corporate Social Responsibility and President of The Prudential Foundation. "The partnership with our real estate investment management business will enable YouthBuild to positively impact the lives of many thousands more opportunity youth.”
Since 1995, the Prudential Foundation has committed over $7.5 million in grant support to strengthen and expand YouthBuild USA/International’s model, launching sites in Newark, Jacksonville, Minneapolis, and Philadelphia, and supporting new YouthBuild International programs in Mexico and Brazil.