Prudential’s $500,000 donation strengthens Habitat for Humanity’s hurricane recovery program, Operation Home Delivery
AMERICUS, Ga. (Aug. 15, 2006) –The Prudential CARES Disaster Relief Fund and The Prudential Foundation together contributed a half-million dollars to Habitat for Humanity’s hurricane relief program, Operation Home Delivery. The donation will be used to build homes in partnership with victims of hurricanes Katrina and Rita.
"Prudential's gift exemplifies the spirit of partnership that has allowed us to work so successfully with families still reeling from the hurricanes and subsequent flooding,” said Jonathan Reckford, CEO of Habitat for Humanity International. “We are grateful for Prudential's support, for their commitment and for the compassion they collectively share for so many Gulf Coast families in need of decent housing."
The Prudential CARES Disaster Relief Fund is a donor-advised fund of The Prudential Foundation. The funds represent donations from employees of Prudential Financial and matched by The Prudential Foundation, bringing the total donation to $500,000.
“Rebuilding the Gulf region is a serious challenge,” said Gabriella Morris, president of The Prudential Foundation. “And, helping to bring quality, affordable housing back to the area is a fundamental imperative to restore the community’s infrastructure. Habitat’s Operation Home Delivery program will not only help restore some service to the region, but will also convene key stakeholders to help address low-income housing and recovery in the region.”
Habitat for Humanity has nearly 400 houses complete or under construction in the Gulf Coast through its Operation Home Delivery program. The organization aims to have 1,000 houses in hurricane-affected communities by mid-2007. House sponsorship for Habitat’s Operation Home Delivery is set at $75,000.
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.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in Americus, Ga., in 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org.