PRUDENTIAL LOAN FUND

Dodge arts grantees with short-term cash-flow gaps that meet the eligibility requirements below are invited to apply for zero-interest, no-fee loans through the Prudential Loan Fund.

The fund is administered by Dodge and was created in partnership with the Prudential Foundation last year to help organizations bridge unavoidable cash gaps associated with government grant payments or upfront expenses incurred related to annual galas or fundraising events. 

Loan amounts range from $10,000 to $50,000 and require repayment in six months. Every effort will be made to expedite the application process to enable applicants, if approved, to receive loan funds in a timely fashion.
 

The next round of Prudential Loan Applications are due October 21, 2016.
 

ELIGIBILITY 

  • Dodge Foundation Arts grantee for at least three years
  • An annual budget of $5 million or less
  • NJ State Council on the Arts funding or any state, federal, or local contracts  (CDBG, school, etc)
  • Attendance at Prudential Loan Info Session workshop

APPLICATION REQUIREMENTS: 

  • Complete online application
  • Complete financial health assessment
  • Document two-year track record of successful fundraisers
  • Provide most recent audit/IRS 990 form
  • Provide reconciled budget-to-actual for current fiscal year and budget projection for next fiscal year
  • Provide proof of identified source for repayment funds   

PRUDENTIAL LOAN INFO SESSION



All prospective applicants are required to attend a Prudential Loan Info Session. 



The workshop is led by facilitator Hilda Polanco, founder and CEO of FMA Associates

The workshop includes the following: 

  • Overview of the Prudential Loan Fund
  • Strategic financial management
  • Understanding nonprofit financial health
  • Cash-flow projections
  • Financial reports

For more information on the Fund and how to register for the workshop, contact Richard Simon, Dodge Arts Senior Program Associate, at rsimon(at)grdodge(dot)org or 973-695-1186.

In This Section

Grant Guidelines

See our full guidelines, including eligibility requirements and restrictions.

Learn more

Upcoming Deadlines

Deadlines and important submission information:

The next deadline for current Dodge grantees for our arts and environment programs only is December 1, 2016. 

View more

Sharnita C. Johnson

Program Director, Arts

Richard Simon

Senior Program Associate, Arts and Education


Photo credit: Art All Night, Courtesy of Artworks Trenton