AARP Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
AARP Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to create and advance effective solutions to reduce poverty for and with older adults."
Year, State Incorporated:
1961, DC
AARP Foundation (AARP) reports that it provides services nationwide to adults seeking training and employment. This includes the AARP Foundation Senior Community Service Employment Program (“SCSEP”), which matches unemployed adults over 55 with local non-profits and public agencies so seniors can increase skills and build self-confidence, while earning a modest training wage. The organization's Tax and Credits program provides free income tax preparation and property tax assistance to low and moderate income persons throughout the country. This includes AARP Foundation Tax Aide (Tax-Aide), which delivers in-person and virtual tax preparation assistance to anyone, free of charge, with a focus on taxpayers who are over 50 and have low to moderate income. The Experience Corps is a community-based, volunteer program that engages volunteers over 50 as tutors and mentors to help K-3 students become better readers by the end of third grade. Experience Corps puts a special emphasis on serving diverse populations in underserved communities. AARP also addresses its goals through programs designed to increase income and decrease expenditures by helping older adults with low income secure the essentials, including jobs, eligible benefits, refunds and sustaining social connections. The organization also conducts legal advocacy to ensure that older adults have a voice and representation in the legal system. AARP attorneys file and support lawsuits that impact senior poverty by reducing barriers to employment; increase access to public and private benefits; protect consumers by stopping unlawful business practices and securing refunds for those who have lost money; lower out-of-pocket costs for key expenses, such as housing, food and health care; and promote more racially and otherwise equitable outcomes across those areas.
For the year ended December 31, 2023, AARP Foundation's program expenses were:
Workforce programs: $132,325,000
Tax and credits programs: $20,047,000
Experience corps: $6,878,000
Other programs: $28,423,000
Legal advocacy: $7,371,000
Total Program Expenses: $195,044,000
Chief Executive
Claire Casey, President
Compensation*
$412,000
Chair of the Board
Libby Sartain
Chair's Profession / Business Affiliation
Huiman Resources Advisor, Author, Board Director
Board Size
11
Paid Staff Size
326
*2022 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: According to the organization's 2022 IRS 990, Patricia D. Shannon was the highest paid employee, receiving compensation of $529,986.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Print advertisements
AARP Foundation incurred joint costs of $16,351,191 for informational materials and activities that included fund raising materials. Of those costs $10,754,653 was allocated to fundraising and $5,596,538 was allocated to program expenses.
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $222,625,000, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on AARP Foundation's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Grant revenue | $102,136,000 |
| Contributions | $57,800,000 |
| In-kind contributions | $62,689,000 |
| Investment return used for operations | $28,941,000 |
| Other | $841,000 |
| Total Income | $252,407,000 |
Programs: 78% Fundraising: 12% Administrative: 10%
| Total Income | $252,407,000 |
| Total expenses: | $251,339,000 |
| Program expenses | $195,044,000 |
| Fundraising expenses | $30,552,000 |
| Administrative expenses | $25,743,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,068,000 |
| Beginning Net Assets | $602,419,000 |
| Other Changes In Net Assets | $24,000 |
| Ending Net Assets | $635,593,000 |
| Total Liabilities | $57,686,000 |
| Total Assets | $693,279,000 |
Note 1: For the year ended December 31, 2023, AARP Foundation reported in-kind donations totaling $62,689,000 including information technology, finance, human resources, and other functions ($34,120,000) and donated supervisory salaries ($28,569,000).
Note 2: In the above finanical section, "other changes in net assets" represents a change value of charitable gift annuities.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance