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AARP® Purpose Prize® Award

This grant is provided by AARP

  • Grant Amount

    $50K
  • Open date

  • Application Deadline

About This Grant

The AARP® Purpose Prize® award is a one-of-a-kind national award that honors people age 50-plus who are using their life experience to make a better future for us all. The award recognizes nonprofit founders with $50,000 for their organizations and a year of supports and resources to help broaden their impact. Examples of current supports include one-on-one leadership coaching for founders, data and evaluation consulting, succession planning, prospectus development, social media and branding support, and more.

Documents Required

  • Submit one (1) application which will require the submission of the following documents:
  • A resume
  • Three reference letters (In the case of co-founders, each co-founder is required to submit three letters. A letter of reference that identifies both co-founders may be submitted by both co-founders.)
  • A copy of Applicant’s Founded Non-Profit’s IRS determination letter or most recent IRS Form 990
  • Applicant’s organization’s annual budget, including income and expenses
  • In the case of co-founders, no more than two (2) individuals may apply and a primary and secondary applicant must be designated within the one (1) application submission. Each co-applicant must meet all the criteria and submit all required documents. Only one (1) application per individual.

Eligibility Requirements

  • You will be 50 years of age or older at the application deadline (February 29, 2024)
  • You are the founder or co-founder of your organization
  • You started the organization for which you are applying at the age of 40 or older
  • You still have an active role in the organization
  • You are a legal resident of the fifty (50) United States or the District of Columbia
  • Your organization is a Section 501(c)(3) or 501(c)(4) non-profit exempt from federal income tax under Section 501(a) of the Internal Revenue Code
  • Your organization’s principal place of business is in the U.S. (though its work might be international in scope)
  • Your organization’s work is not exclusively religious