Rutgers Institute for Ethical Leadership Awarded $2.6 million from Prudential

Wed Mar 27, 2013 6:23pm EDT

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Award allows Institute to continue being a resource to region's business,
nonprofit, and academic communities

NEWARK, N.J.,  March 27, 2013  /PRNewswire-USNewswire/ -- Rutgers Institute for
Ethical Leadership (IEL) at Rutgers Business School has been awarded a  $2.6
million  donation from Prudential Financial, Inc. and The Prudential Foundation.
The support allows IEL to continue serving nonprofit organizations, students,
and business leaders with programs that reinforce the importance of ethical
leadership.

Last year, more than 3,000 students and business and nonprofit leaders benefited
from IEL programs, events, and resources. The Institute for Ethical Leadership
combines academic research with practical training to strengthen current leaders
and to prepare tomorrow's leaders for the complex ethical challenges they will
encounter. IEL continues its ongoing training with the leaders of nonprofit
organizations in  Newark  and the surrounding areas contributing to the health
and vitality of the community.

The  $2.6 million  contribution includes a  $850,000  three-year challenge grant
from The Prudential Foundation. Each dollar of new and increased money the IEL
raises will be matched by the Foundation with  two dollars  of support. The
Prudential Foundation has made more than  $1.5 million  in grants to IEL since
2004 when it provided startup funding to create the Center for Nonprofit and
Philanthropic Leadership at  Rutgers University. IEL was created from that
organization in 2008 with funding that was included in a  $5 million  Prudential
contribution to  Rutgers University.

"The Rutgers Institute for Ethical Leadership has emerged as a thought leader in
values-based and ethical leadership within the nonprofit and business sectors. 
Their work is important in preparing the next generation to accept leadership
positions of greater responsibility," said Lata Reddy, Vice President, Corporate
Social Responsibility at Prudential and President of The Prudential Foundation. 
"IEL is an important institution and Prudential is pleased to help it build its
capacity for long-term sustainability."

The grant will enable the IEL to continue its programs, including an annual 
Ethical Leadership Conference that attracts business, nonprofit, and academic
leaders from across the country.  This year's conference, Ethics in Action: A
Conference on Corporate Social Responsibility, will be held  April 19  at the
Newark Museum. The conference includes prestigious Corporate Social
Responsibility (CSR) leaders, a panel discussion with CSR experts, and
highlights of successful social impact programs that provide valuable insight
for leaders to integrate into their own CSR strategies.

"Prudential has a long-standing commitment to ethical leadership and social
responsibility, and we are honored that the Company and Foundation chose to
continue support at this level," said IEL co-founders James Abruzzo and  Alex
Plinio. "The development of ethical leadership requires a long-term commitment 
and this grant will enable us to continue working with our fellow management
service organizations as we continue to be a resource in the community," Abruzzo
and Plinio concluded.

About the Institute for Ethical Leadership  
The Institute for Ethical Leadership at Rutgers Business School works with
business and government, nonprofit and philanthropic organizations, and  Rutgers
University  to provide individuals with the education, training, and
critical-thinking tools needed to become more effective leaders and managers and
make ethical decisions for real-world challenges.  For more information, visit
www.business.rutgers.edu/iel.

About Prudential  
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately  $1.060 trillion  of assets under management as of  December 31,
2012, has operations in  the United States,  Asia,  Europe, and  Latin America.
Prudential's diverse and talented employees are committed to helping individual
and institutional customers grow and protect their wealth through a variety of
products and services, including life insurance, annuities, retirement-related
services, mutual funds and investment management. In the U.S., Prudential's
iconic Rock symbol has stood for strength, stability, expertise and innovation
for more than a century.  For more information, please visit
http://www.news.prudential.com/.  The Prudential Foundation is a not-for-profit
corporation supported by The Prudential Insurance Company of America, a
subsidiary of Prudential Financial, Inc.

SOURCE  Rutgers Business School

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