Prudential Financial Sponsors 2008 Nonprofit Sector Stewardship Awards

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Prudential Financial, Inc. will sponsor the 2008 Nonprofit Sector Stewardship Awards on Thursday, October 16 during the North Carolina Center for Nonprofits' (NCCN) annual Statewide Conference at the Raleigh Convention Center.

We applaud the N.C. Center for Nonprofits' focus on ensuring its members and their constituencies obtain the information they need to help them achieve a more secure retirement

Prudential Financial, Inc. will sponsor the 2008 Nonprofit Sector Stewardship Awards on Thursday, October 16 during the North Carolina Center for Nonprofits' (NCCN) annual Statewide Conference at the Raleigh Convention Center.

The Nonprofit Sector Stewardship Awards recognize nonprofits that demonstrate exemplary stewardship of the resources entrusted to them and high standards of accountability and ethics. "We proudly sponsor NCCN's Stewardship Awards and the work NCCN does to nurture and support effective management of non-profit organizations that provide invaluable services to individuals and families in communities throughout North Carolina," said Gabriella Morris, vice president and head of Community Resources at Prudential.

During the conference, Prudential Retirement will offer an interactive forum, Retirement Realities 2008: Are You Ready? Is Your 403(b) Plan Compliant? between 3:45 p.m. and 5:00 p.m. on Thursday, October 16 on Level 3, room 302A in the Convention Center. Prudential Retirement representatives, Tim Bryan, vice president and registered representative, and Lynn Whitmore-Christiano, senior retirement plan consultant, Regulatory and Consulting Services, will be on hand to address critical financial and compliance issues facing plan sponsors today.

"It is important for nonprofits to offer retirement benefits to their dedicated workers. We keep organizations up-to-date on the laws related to retirement and on many other issues that are changing. Legal compliance is just one essential part of their ability to continue providing invaluable services to the people of North Carolina," said Jane Kendall, president of the N.C. Center for Nonprofits.

Prudential's forum will address the three biggest risks to retirement security and suggest ways to minimize those risks. In addition, Bryan and Whitmore-Christiano also will focus on how non-profit organizations can avoid potentially significant liability and risk when the landmark regulatory changes to 403(b) retirement plans become effective in January, 2009.

"We applaud the N.C. Center for Nonprofits' focus on ensuring its members and their constituencies obtain the information they need to help them achieve a more secure retirement," said Christine Marcks, president, Prudential Retirement. "Prudential believes education is a critical factor in preparing American workers to manage the many challenges they will face on the road to long-term financial security."

N.C. Center for Nonprofits, founded in 1990, serves, promotes, and represents the nonprofit sector and strengthen nonprofits' effectiveness as they improve North Carolina's quality of life. The Center, a coalition of 1,550 nonprofit organizations of all sizes and types in all 100 counties of North Carolina, helps nonprofits lead and manage their organizations effectively, save time and money, and collaborate with other groups to achieve their missions. The Center also serves as a statewide network for nonprofit board and staff members, an information center on effective nonprofit organizational practices, and an advocate for the nonprofit section as a whole. The Center can be reached at http://www.ncnonprofits.org.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administration, investment management, comprehensive employee investment education and communications, and trustee services. With nearly 85 years of retirement experience, Prudential Retirement meets the needs of two million defined contribution participants and more than one million defined benefit participants and annuitants. Prudential Retirement has more than $158 billion in retirement account values as of June 30, 2008.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $638 billion of assets under management as of June 30, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

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Dawn Kelly
Prudential Financial
973-802-2958
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