Rachel Holmes from San Jose, California, awarded $15,000 from Prudential Financial at inaugural Emerging Visionaries Summit

Rhea-AI Summary

Prudential Financial honored five young leaders, including Rachel Holmes from San Jose, California, during the inaugural Emerging Visionaries Summit held at its Newark headquarters. Each winner received a $5,000 prize and a chance to win an additional $10,000 for their initiatives focused on solving financial and societal challenges. Rachel’s project, 'Black Girls Mean Business', aims to empower Black high school girls in their career development. Prudential's commitment to supporting young visionaries reflects its mission to address evolving financial challenges.

Positive

• Recognition of young leaders enhances Prudential's brand image.
• Commitment to social responsibility through initiatives supporting diversity.
• Funding for innovative projects promotes financial equity.

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• None.

Rachel was among five Grand Prize winners honored this week by football legend Eli Manning and Prudential Chairman and CEO Charles Lowrey for her work addressing the challenges of a changing world. 

NEWARK, N.J., April 28, 2022 /PRNewswire/ -- Rachel Holmes, 18, of San Jose, California, was among five young people named Grand Prize winners by Prudential Financial's Emerging Visionaries program at a four-day summit held this week at Prudential's Newark headquarters. 

The Emerging Visionaries program is conducted by Prudential Financial in partnership with the social entrepreneurship network Ashoka, with advisory support from the Financial Health Network. It honors young people ages 14-18 from across the United States for leading initiatives that result in fresh, innovative solutions to current-day financial and societal challenges.  

"Supporting the efforts of these Emerging Visionaries is another way we are working to fulfill Prudential's purpose: to make lives better by solving the financial challenges of our changing world," said Prudential Chairman and CEO Charles Lowrey. "We're honored to celebrate the initiative, creativity and empathy of these young leaders, and look forward to seeing all the great things they accomplish in the future." 

The 25 winners, named in February, each earned a $5,000 prize and an all-expenses-paid trip to this week's Emerging Visionaries Summit, plus a chance to win an additional $10,000. The summit included an awards ceremony where finalists were celebrated by special guests, including philanthropist and two-time Super Bowl-winning quarterback Eli Manning. The students also consulted with Prudential senior leaders on topics of strategy and impact and worked with Prudential employee coaches who helped them refine and advance their projects. 

As part of the four-day event, five young people were selected to pitch their ideas for advancing financial equity to a panel of judges for a chance to win the additional $10,000 in funding for their initiative. Pitch-off judges included Lowrey, leaders from Ashoka and the Financial Health Network, and two program alumni.  

The panel was intended to select one Grand Prize finalist from the five who pitched their projects. However, after hearing the pitches, the judges decided to award $10,000 to each of the five presenters, in recognition of the societal impact of their initiatives. In addition to the Grand Prize winners, Prudential employees voted this spring to name an Employees' Choice Award winner, who received an additional $5,000.  

California's 2022 Grand Prize winner:

Rachel Holmes, 18, of San Jose
Rachel started Black Girls Mean Business, a career development and networking program for Black high school girls that fosters the skills and confidence needed to become successful in their careers — ultimately increasing their representation in the corporate world. "Since I want to be a businesswoman myself, I've become aware of the daunting lack of representation in the field," she said. 

The program includes virtual courses, hands-on learning, networking opportunities with professionals and university-led workshops. Participants reported that they overwhelmingly enjoyed the program and felt better prepared to take on a business career. Rachel wants to expand the program's reach and offerings, providing year-round programming and opportunities such as college tours and internships. 

To learn more about Prudential Emerging Visionaries and all 25 winners, visit prudential.com/emergingvisionaries. 

About Prudential Financial 
Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager, has operations in the United States, Asia, Europe and Latin America. Prudential's diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com. 

About Ashoka 
Ashoka is the largest global network of leading social entrepreneurs — individuals with new ideas to systemically address the world's biggest challenges and the entrepreneurial skill to transform those ideas into national, regional and global social impact. Over 40 years, Ashoka has supported more than 3,600 social entrepreneurs in 90 countries with solutions addressing society's most pressing issues. Ashoka's vision is a world in which Everyone is a Changemaker — a society that responds quickly and effectively to challenges, and where every individual has the freedom, confidence and societal support to address any social problem. For more information, visit ashoka.org. 

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SOURCE Prudential Financial, Inc.

FAQ

What is the Prudential Emerging Visionaries program?

The Prudential Emerging Visionaries program honors young people aged 14-18 for leading initiatives that address financial and societal challenges.

Who were the Grand Prize winners at the Emerging Visionaries Summit?

Five young leaders, including Rachel Holmes from San Jose, California, were recognized as Grand Prize winners during the summit.

What did Rachel Holmes win from Prudential?

Rachel Holmes won a $5,000 prize and an opportunity to pitch for an additional $10,000 funding for her initiative.

What is Rachel Holmes's initiative about?

Rachel's initiative, 'Black Girls Mean Business', focuses on career development and networking for Black high school girls to enhance their representation in the corporate world.

How does Prudential support the initiatives of Emerging Visionaries?

Prudential provides funding and mentorship opportunities to the winners, helping them refine and advance their projects.