Award allows Institute to continue being a resource to region's business, nonprofit, and academic communities
March 27, 2013
/PRNewswire-USNewswire/ -- Rutgers
Institute for Ethical Leadership
Rutgers Business School
has been awarded a
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
and the surrounding areas contributing to the health and vitality of the community.
contribution includes a
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
of support. The Prudential Foundation has made more than
in grants to IEL since 2004 when it provided startup funding to create the Center for Nonprofit and Philanthropic Leadership at
. IEL was created from that organization in 2008 with funding that was included in a
Prudential contribution to
"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."