We have accomplished great things together.
For all that you have done and given to move our mission forward, I am profoundly grateful.
Lisa Marsh Ryerson
AARP Foundation President
As AARP Foundation celebrated its 60th anniversary in 2021, we generated nearly half a billion dollars for vulnerable older adults.
As AARP Foundation celebrated its 60th anniversary in 2021, we redoubled our commitment to create a more equitable, prosperous, and hopeful future for vulnerable older adults.
To achieve that goal, we adopted a new, six-year strategic plan to put more money in the pockets of older adults living with low income and to increase equitable outcomes for populations who have experienced systemic racism and discrimination. To help them not just survive but thrive.
By all accounts, we succeeded — generating almost half a billion dollars for vulnerable older adults last year.
Producing that amount of money for older adults in some sense speaks for itself. Yet it is only by considering how those funds transformed the lives of older adults living on the margins that the true scope of the achievement comes into clear focus.
Even during the pandemic’s darkest days, AARP Foundation’s workforce programs helped older adults gain the skills and confidence to find fulfilling work, earn higher wages, or start their own businesses, bringing dignity, purpose, and joy to their daily lives. They were able to put food on the table because we enabled them to access Supplemental Nutritional Assistance (SNAP) benefits, many for the very first time. We helped them enroll in the Medicare Savings Program, where they received financial assistance to pay their health care premiums and extra help to afford lifesaving prescription drugs. They found relief from crippling student loan debt by using our Student Loan Repayment Tool to enroll in income-driven repayment plans that count toward student loan forgiveness. AARP Foundation’s Tax-Aide and Property Tax-Aide programs put hundreds of millions in refunds and credits into their hands, helping them secure the essentials and remain in their cherished family homes by reducing their costs to do so.
AARP Foundation's Experience Corps program helped older adults build strong social connections to their community and give back to the next generation by tutoring students in reading, which improved not only their health but also their ability to live independently longer.
AARP Foundation also worked for long-term, systemic change for older adults often unable to speak up for themselves. Last year, we fought in the Supreme Court to preserve access to quality health care and to bar vulnerable older adults from being dumped from nursing facilities against their will. We also litigated to restore the requirement that the government must impose strict penalties on nursing facilities that expose residents to dangerous conditions.
We have accomplished great things together over the last year. Together. For we could not have done it without you — our generous donors, our committed volunteers, our passionate board, and our hardworking staff. For all that you have done and given to move our mission forward, I am profoundly grateful. Here’s to next year — and to the next 60.
With deepest gratitude,
Lisa Marsh Ryerson
PRESIDENT, AARP FOUNDATION
See the difference AARP Foundation made in 2021.
In 2021, AARP Foundation began an ambitious six-year strategic plan designed to ensure our programs have an even greater impact on the lives of older adults who are struggling just to get by. To meet each of our three main objectives, we set our sights through both an economic and an equity lens, measuring the success of our efforts by the dollars we secure or save for older adults who are living with low income and by achieving our targets in ways that are consistent with the demographic makeup of the populations we aim to serve.
Increase income and earnings. We are focusing on providing job readiness training, skills development opportunities, coaching, and other employment supports.
Secure benefits. We are enhancing existing efforts to help older adults with low income take advantage of available benefits, including food assistance, help with student loan debt, and tax credits.
Secure refunds. Many taxpayers miss out on credits and deductions they've earned. We are helping them increase those refunds on both their income taxes and their property taxes.
of tutoring contributed by senior volunteers
in benefits for older adults through programs like SNAP and EITC
in new income and earnings for older adults
in the pockets of older adults living with low income
contributed by generous donors and sponsors to help seniors in need
in refunds for over 1 million taxpayers served by nearly 26,000 volunteers
awarded in an age discrimination case
people found resources for social connection, benefits, and more
awarded in strategic grantmaking
Our programs and services make real differences in real lives by helping older adults with low income secure the essentials — good jobs, eligible benefits, crucial refunds, and sustaining social connections.
The AARP Foundation Senior Community Service Employment Program (SCSEP) remains the best-in-class employment program in the nation.
For more than half a century, AARP Foundation SCSEP has been generating pathways to high-quality jobs for older adults living with low income. It’s the essence of upskilling, helping older adults reenter the workforce through subsidized employment opportunities that fulfill vital community service roles and that typically lead to full-time work. SCSEP staff and participants were among the first in AARP Foundation to move back to in-person service in 2021.
in new income generated
Ken M. was content: six-figure salary, beautiful family, comfortable home. Then came the Great Recession, and Ken lost everything. But thanks to AARP Foundation SCSEP, Ken found a job he loves and rebuilt his self-esteem. Today, he’s the assistant produce manager at a local food bank, has his own place, and picks up his kids from school.
“I got to prove that I’m still viable. I’m just so grateful for that.”
Through job-search guidance and coaching, BACK TO WORK 50+ has been living up to its name since 2013.
The competition for jobs can be fierce these days. AARP Foundation’s BACK TO WORK 50+ ensures its participants are up to the challenge, equipping them with the tools they need to vie for in-demand jobs. Participants learn how to pitch themselves to prospective employers and benefit from the one-to-one guidance of career coaches. Throughout 2021, the program offered free virtual and in-person workshops, collaborating with trusted local organizations that specialize in working with older job candidates to help them build digital skills and match them with employers.
in new income for older adults
Cynthia Fernandez had been in the hospitality industry for 27 years when the pandemic hit and her job was eliminated. She signed up for a virtual BACK TO WORK 50+ workshop and used newfound skills to keep marketing herself. In June of 2021 she applied for a position much like the one she had held for so long. “I just wanted to share the exciting news with you all,” she wrote to the BTW50+ team.
“I went to interview today and … I GOT THE JOB!!!”
Work for Yourself@50+ provides aspiring older entrepreneurs with all the tools they need to start their own business or join the gig economy.
Working for yourself doesn’t have to mean going it alone. The Work for Yourself@50+ program is that friend indeed for older adults who are exploring options for self-employment, from gig work to starting their own businesses. A series of workshops and a toolkit guide participants through five simple steps, with plenty of coaching and peer support along the way. In its first full year, the online Freelancing Resource Center served thousands of people, and 2021 also saw the introduction of an incubation program to connect aspiring entrepreneurs with experienced mentors to provide real-world guidance on getting started.
in new income
In 2015, Andrew Ziccardi developed the Ergo Opener, a small tool that fits over bottle caps and enables people with hand-strength issues to open water bottles with ease. After attending a Work for Yourself@50+ workshop, he learned how to refine his business model and develop a full-fledged business plan. In October 2021, Andrew brought his Ergo Opener to the Sun City Huntley Consumer Showcase, where he sold about 100 openers and gave out 300 more. “It was all seniors and I loved the feedback I received,” he says. Today, you can find Andrew’s Ergo Opener in drugstores, hardware stores, and even on Amazon!
The Supplemental Nutrition Assistance Program (SNAP) is a proven means to improve food security. We’re making sure more eligible older adults get this benefit.
The U.S. government provides food assistance for older adults living with low income, but red tape can get in the way. Through grantmaking, AARP Foundation supports nonprofit community organizations that have been given waivers by the USDA to enact the Elderly Simplified Application Project (ESAP). ESAP streamlines the SNAP application process, making it easier for people over 60 with no earned income to receive SNAP benefits so they can afford to buy healthy food. To support the enrollment effort, we launched a new website in 2021 that provides practical, consumer-oriented information, including a “Step-by-Step Guide to Applying for SNAP Benefits” video.
When Mrs. B., 62, not only lost her job to the pandemic but also had her identity stolen, our grantee helped her apply for SNAP while she searched for work. She now receives about $200 per month in benefits so she can buy the food she needs to stay healthy.
You were seriously helpful and everything is working out.
The AARP Foundation Litigation (AFL) team advocates for systemic change in federal and state courts nationwide to advance the legal rights and interests of people over 50.
Helping to create a more just society often calls for legal action. Through direct representation of clients and by filing “friend of the court” amicus briefs, AARP Foundation attorneys protect the rights of older adults in cases covering a range of issues, from age discrimination in the workplace and housing to long-term care, consumer protection, and retirement benefits. The team garnered several important victories in 2021, improving older adults’ access to health care, pensions, fair employment, quality nursing facility care, and more.
Gloria Single was a victim of the practice known as resident dumping. After an illness that required hospitalization, her nursing facility refused to let her come back, separating her from her husband, Bill. They both died before they could be reunited, but AFL’s victory in a lawsuit against the nursing facility should protect other residents from this illegal practice.
More than 12 years ago, AARP Foundation attorneys filed a class action suit on behalf of nursing facility residents who were being denied the right to move back into their own communities with supportive care — a right under the Americans with Disabilities Act recognized by the Supreme Court. After procedural victories, the case went to trial in 2021, with a decision expected late in 2022. A win would protect the right of older adults and people with disabilities to live lives of their own choosing.
In 2021, AARP Foundation Litigation won two important victories in cases involving the Centers for Medicare and Medicaid Services. In one, the Department of Health and Human Services (HHS) restored an earlier provision imposing per-day, rather than per-incident, penalties on nursing facilities for violations, helping to protect residents from neglect and abuse; in the other, a judge struck down an HHS decision that approved Medicaid rate cuts for dental services in California.
AARP Foundation attorneys filed an amicus brief to support the protection of California’s popular retirement savings program known as CalSavers. An appeals court rejected a challenge to this program, ensuring that more workers can save for retirement by requiring that employers with five or more employees offer access to the state-facilitated payroll deduction savings program.
After negotiations with parties represented by AARP Foundation attorneys, Kansas agreed to expand services and provide more community residential options for people living in Nursing Facilities for Mental Health. The agreement will enable people with mental health disabilities to avoid institutionalization and live in community-based, integrated settings — where they can more easily maintain social connections.
Secured more than
in lost wages and benefits for older workers
currently being litigated or supported by amicus briefs
AARP Foundation Tax-Aide continued to deliver throughout the pandemic with dedication and grit, serving more than a million taxpayers.
Taxes are inevitable, but it’s also a sure thing that AARP Foundation Tax-Aide is there to help low- to moderate-income older adults file their returns — and get the refunds and credits they deserve. Although in-person Tax-Aide service remained limited by COVID-19 restrictions last year, staff and volunteers continued to deliver a range of in-person and virtual tax preparation.
in federal refunds
Janelle Riedl’s community depends on her. As a volunteer with AARP Foundation Tax-Aide in Prescott, Arizona, for 25 years (and 40 years in total!), she oversees a team of 62 volunteers who provide in-person and virtual tax preparation assistance, free of charge. “We have people who burst into tears when they find they get a refund that they weren’t anticipating,” Janelle says.
“They’ll come up and say, ‘I can’t tell you what this program means to me.’”
As a Tax-Aide volunteer for the last four years, Denise Morgan knows how important the program is. “Most people are stunned, overwhelmed, and flummoxed by their tax returns. They are just grateful for the help,” she says. When the coronavirus pandemic hit, Denise and her fellow volunteers at Augusta Road UMC in South Carolina knew they had to make things work in the physically distanced environment. And they did.
Alan Siegel likes solving puzzles — a skill he puts to use as a Tax-Aide volunteer in Torrance, California. One couple had had to pay a lot of tax the previous year, but Alan figured out that the professional tax preparer they’d used had made a mistake. Alan offered to file an amended return for them, and it turned out they were owed close to $4,000. “They were just floored. Very appreciative. We felt good that day.”
AARP Foundation Property Tax-Aide saved more than $2 million for older adults in 13 states.
Property taxes can sometimes mean the difference between keeping and losing your home. Property Tax-Aide helps older adults with low income take advantage of property tax refund and credit programs, saving them money and helping them stay in their homes longer. There are residential property tax refund and credit programs in nearly every state and the District of Columbia, and yet few people know about the programs — and those who do often struggle to get through the application process.
For a 62-year-old D.C. resident, the program was a lifeline during the coronavirus pandemic. "This will be used to straighten up my mortgage issues," the homeowner said after qualifying for a property tax credit. "I've fallen behind."
In rural Tuftonboro, New Hampshire, John Bolton and a fellow Property Tax-Aide volunteer do more than 100 property tax relief applications each season. Since 2019, they’ve returned anywhere from $18,000 to $22,000 a year in total to the people who qualify.
“For a lot of people, it’s a sigh of relief because they know that money is coming in.”
Our dedicated Experience Corps volunteers helped more than 2,000 students become better readers.
Few of us remember the thrill of learning how to read, but we all know the joy it can bring. Experience Corps volunteers get to experience that thrill and joy right alongside young learners. When the pandemic caused schools to close, Experience Corps pivoted from in-person tutoring to virtual tutoring for the 2020–2021 school year, ensuring program continuity for students who need it most while preserving the health and safety of our volunteers. Virtual tutoring continues to be a crucial tool for reducing educational disparities and helping children overcome reading opportunity gaps, while helping older adults gain digital skills and maintain critical connections to their communities.
devoted by volunteers to provide students
with sustained one-to-one virtual tutoring
After retiring from the fire department, Robert Rouse knew he wanted to volunteer to teach students to read. He joined Experience Corps in 2013, and became a regional coordinator when the pandemic pushed the program online. “What we have found through the process of working virtually is how resilient our older adults are,” Robert says. And he's been surprised to see how the students have opened up to their tutors, even through the screen.
Hear Robert and Experience Corps VP Mioshi Moses talk about the program on AARP’s Take on Today podcast.
Reading wasn’t always a central part of Willie Jean Vance’s life, but volunteering with Experience Corps has changed that. ”When I was growing up, I wasn't encouraged to read. I have seen how reading is so important … without [it], you're very limited.” Experience Corps places a special emphasis on serving diverse populations in high-need communities, which resonates with Willie Jean.
“You're helping society, number one. Number two, you're helping yourself.”
As a cancer survivor, Stan Young, an Experience Corps volunteer in Evansville, Indiana, is familiar with overcoming challenges. “When you run across someone who really needs the help — that’s challenging,” he says. “But when you see that student is willing to learn and get out of the box and get better, and you’re helping to build up their confidence, it’s a good feeling. I’ll be doing this as long as I’m able to do it.”
Connect2Affect helped older adults navigate another year of social distancing and isolation with useful tips, articles, and other resources.
Social connection is a lifeline, and losing it can leave us floundering. Even before the pandemic took hold, nearly 1 in 4 older adults suffered from the effects of social isolation and its related health risks. Critical services being shuttered and social supports eroding only added to the financial hardship and social isolation that people over 50, especially those with low income, already experience.
With support from United Health Foundation, AARP Foundation led an awareness campaign — Connect2 — to ensure that older adults would have the services, resources, and supports they need, both in this current time of crisis and as we enter the long period of recovery.
Central to the campaign was the expansion of connect2affect.org to connect visitors with crucial information not just about social isolation, but also about rent and mortgage assistance, how to spot online scams, and volunteer opportunities. With this shift, connect2affect.org became a bridge to solutions for many aspects of an older adult's life.
81,000 completed self-assessments
to evaluate older adults’ risk of social isolation
More than 430,000 people found resources
for social connection, benefits, and more
AARP Foundation awarded grants to provide much needed help to older adults devastated by natural disasters.
Through grantmaking, we’re able to touch even more lives in communities across the country. As natural disasters swept across the country in 2021, causing catastrophic devastation, AARP Foundation provided support to the hardest-hit communities and families through grants to local organizations. We launched two disaster relief campaigns to address the needs of older adults affected by Hurricane Ida and the Haiti earthquake. Disaster relief grants funded through our donors provided immediate and longer-term support to help affected older adults repair their homes, access legal advocacy, and obtain financial support.
One of our grantees, Louisiana-based SBP, supported hundreds of individuals and families who had been affected by Hurricane Ida. They and their volunteers mucked and gutted homes, treated homes for mold, and trained survivors in the recovery process and how to navigate FEMA relief applications.
in grants to organizations in five states and Haiti to support the recovery of thousands of older adults and their families
WATCH: SBP staff express their gratitude for AARP Foundation's support of their Hurricane Ida response.
A new student loan repayment tool helped older adults with low income reduce their monthly payments by a total of $2 million in just five months.
Student loan debt can be a lingering burden for many older adults. In July 2021, we launched the Savi Student Loan Repayment Tool, which helps older adults who are living with low income manage their student loan debt. The tool connects eligible older adults with a free app that enables them to review and enroll in student loan repayment plans that are based on their income rather than their level of debt and that may even lead to loan forgiveness.
$278 per month
saved by older adults
Thank you for believing in AARP Foundation's mission and our work to end senior poverty. Your generous support in 2020 is helping to ensure that vulnerable older adults can secure the essentials.
Arizona Department of Economic Security
Bank of America Charitable Foundation
Barclays Bank Delaware
The California Wellness Foundation
Chase Bank USA, N.A.
Consumer Cellular, Inc.
Consumer Technology Association Foundation
Family League of Baltimore
Finnegan Family Foundation
Florida Department of Elder Affairs
Government of the District of Columbia
Internal Revenue Service
Iowa Department of Administrative Services
The Lewin Group, Inc.
Maine Health Access Foundation
McMaster-Carr Supply Company
Missouri State Government
National Caucus & Center on Black Aging, Inc.
New York Life Insurance Company
North Carolina Division of Aging and Adult Services
Oklahoma State Government
Pennsylvania Department of Aging
Ralph C. Wilson, Jr. Foundation
Robert Wood Johnson Foundation
Steans Family Foundation
Texas Workforce Commission
T-Mobile USA, Inc.
United States Department of Justice
United States Department of Labor
University of Southern California
Washington State Government
The AARP Foundation Opportunity Builders are generous and committed leaders to our vision and mission. These donors power the work we do with their annual gifts of $1,000 or more.
These philanthropic gifts from our donors allow us to resource our ambition to serve as a force for change on the most serious issues faced by vulnerable seniors living in poverty.
We thank the following individuals for their generosity and support of AARP Foundation.
*Denotes Deceased Donor
Annette Franqui & Seth Werner
In Memory of Beverly M. Talley & In Honor of Sharman Greber
Raymond & Ursula Wolfe
Annette Franqui & Seth Werner
Bob & Sian Harris
Jo Ann Jenkins
Lloyd E. & Juanita Johnson
D. Alan Kendall
Diane D. Miller
Hiro & Punam Nirmalani
Elizabeth B. Robinson
Lisa Marsh Ryerson
The Todd and Stephanie Schnick Foundation
Jackie & Glenn Tilton
Susan Werth & Bernard Silver
Anonymous ( 5)
Anthony John Burnell
Fe Y. Calixterio
Terry & Sarah Clark Charitable Fund
Joseph & Emily Coughlin
Martin P. Dana
Thomas Daw & Ann Giragosian Daw
Gregory & Avis Dyson
Bob Fox and Andrea Mintz
Franklin & Jenny Guerrero
Martha & Richard Hayes
Ralph E. Koldinger
Dr. Matthew Krecic
Dan & Lisa Phelan
Donna M. Rand
Marilyn & Skip Rosskam
Donald G. Smith, Jr.
Rev. Judy Bradford Smith
Mr. & Mrs. Seymour Y. Sternberg
Beth & David Whitehead
Ted & Pam Woehrle
Kenneth R. Wright
David M. Adame
David T. Albee
Tara Isa Koslov & William Alvarado Rivera
The Honorable Patricia Banks
William J. Crain
John T. Doyle
K. James Ehlen, M.D.
Michael J. Jeffrey
Eugene & Joan Klaasmeyer
James Knight, Sr.
Philip S. Kramer
David & Camiille Kundert
Peggy A. Lentz
Rebecca & Ralph Littreal
Marc McDonald & Katrina Foelsche
Karen & Brad Mercer
Bette J. Munderloh
Rae & Joseph Ott
Gerald & Judith Parmenter
Maxine Roth Schweitzer
Patricia D. Shannon & Bruce A. Peters
Heather R. Sherman
Lawrence & Marie Shore
William & Janine Smith
Wendi & Mark Swidler
Sandra E. Ulsh
Marcia Williams & Gene Lucero
Fred & Kathy Zanoff
John S. & Kathleen Agnew
Gail & Robert Aldrich
Ancil Baird, Jr.
Douglas Bechard, M.D.
Roy M. Bramm, Jr.
Sheila & Jonathan Breslaw
Joel & Shelby Brunt
W. M. Buchanan
Linda Burnes Bolton
Peggy Bykowsky & Martin Lantz
Herbert & Ann Carlson
William D. Carter
Charles & Dolores Cheron
Benson & Janet Chin
Kenneth & Barbara Chlada
Donald H. Chung
Lee Clark & David Watson
Fred & Theresa Colby
Byron & Joyce Cole
Mary C. Conley
Margot James Copeland
Gretchen M. Dahlen & Greg Thelen
Jeffrey & Susan Dailey
Gary & Denise David
Lloyd R. & Caroline De Llamas
Cynthia & Phil Deland
Stephen & Nola Deutsch
Mr. Raymond DeVoe, LTC (USA Retired)
Laura Dupuy & Oren Hopkins
Mary Jo Eagen
Timothy Finholm, Sr.
Donald F. Frank
Norman W. Gautreau
Brian & Veronica Glynn
Allen W. Griesert
Woolf P. Gross
Changiz Alex Habibvand
Jim Harre & Kristine Harriger
Abdul Hassan & Rina K. Dajani
Mark & Kathleen Helge
Steven & Marilyn Hendrickson
Elinor & Wayne Hoffman
Robert & Irene Holly
Richard & Annette Horvath
Nancy Hult Ganis
Laura & Bradley Hunt
Freda S. Johnson
Paul W. Jones
David K. Katz
Michael Keller & Pamela Sousa
*Timothy M. Kelly
William W. King
William & Victoria J. Klinchock
Wilfred & Pauline Koelzer
Jeannette La Bombard
James B. Lam, M.D.
Ronald E. Leone
Ms. Patricia Lynch
Gregory & Anna Mackenzie
Melvin K. Matsui
Mrs. G. McMillan
Don & Claire Mittelstaedt
Harley & Judith Monson
Carlos & Deborah Morrison
Charles & Joyce E. Onufer
Carolyn & Charles Paine
Nell Painter & Glenn Shafer
Daniel R. & Caroline Pisani
Marilyn & Stephen M. Pizer
John & Margaret Prange
John C. Quist
Theresa M. Rabel
Gene F. & Louise Rahll
*James H. Redding
Rich & Colleen Rein
A. W. Ridenour
Kathleen P. Rosowski
Donald E Ryan
Joseph A. Salgado
Robert B. Sanders
Jeffrey & Jackie Seeman
Daniel & Huisuk Shires
Jay P. Schultz
Russell Smith & David L. Butler
Claudette Spalding & Ray Pinto
Clarence E. Stanley
Margaret & Richard Stelle
Joan & James H. Stembridge
Robert & Debra A. Stengel
John & Elizabeth A. Struthers
Patricia M. Sullivan
Susan & Spencer Tholstrup
James M. Tkalec
Delouah Todd & Lorelle Farber
Steven & Misty M. Turner
Thomas A. Van
William Warr, Jr.
Gladys Wei Lee
Van & Gail R. Whitfield
Linda & Mark Wilford
Tom & Gretchen Yager
Phil Zarlengo, Ph.D.
The AARP Foundation Legacy Society provides recognition to individuals who include AARP Foundation in their wills or living trusts; name the Foundation as a beneficiary of a retirement plan, commercial annuity, or life insurance plan; or make an irrevocable life income gift, such as a charitable gift annuity or charitable remainder trust.
These exceptional gifts perpetuate the legacy of caring established by AARP’s founder, Dr. Ethel Percy Andrus, and allow us to serve as a force for change on the most serious issues faced by vulnerable seniors living in poverty.
The names listed below are those AARP Foundation Legacy Society members who have confirmed both their gift commitments and their willingness to have their names published. On behalf of AARP Foundation, thank you to those listed below.
*Denotes Deceased Donor
*Ms. Alice E. Smith-Abaté
*The Henry Acad Trust
David T. Albee
*The Estate of Lynda M. Albert
Dale A. Arceneaux
*The Estate of Donald August
Edgar E. Beck III
*The Joanne Bennett Trust
Rosie M. Bethke
Mr. and Mrs. Steven Borbely
*Janet Elaine Bowerman Trust
Carmen C. Briggs
*The Estate of Larry Claude Burgoon
*Leopoldo & Mary E. Buttinelli
*Bill & *Barbara Camburn
Jane D. Caminis
*Harryette J. Campbell Irrevocable Trust
*The Estate of Charles E. Chambers
*The Estate of Judy Theresa Charles
Lorinda Cheng Arashiro
Clara M. Chiu
Col. James M. Compton
Richard T. Corvetti
*John R. Crane
*The Estate of Carmen L. Cruz
Christine M. Cruz
Mrs. Brigitte Curtis
*The Mary K. Cusack Trust
*Richard W. Custer
*Aila G. Dawe
*James R. & Alice Di Meolo
Eugene V. Doty
D. Robert Drucker
*The Theophil Walter Dusek Trust
*Evelyn & *George F. Eckhardt, Jr.
*Dixie Blackstone Eger Charitable Remainder Annuity Trust
*The Estate of Connie A. Esposito
Fred J. Fahlen
*John C. & *Genevieve Fairval
*Wilma S. Firsich
*The Fong Family Revocable Trust
Stephen T. Franco
*The Estate of Fred C.N. Fredericks
Mario G. Garcia
*Sid & *Betty Garvais
*Barbara Joan Geist Trust
*Mr. & *Mrs. Stuart B. Gerber
*Alice S. Gillisse
Jo. M. Gledhill & *Richard L. Bowman
*The Estate of Hope H. Glidden
Myona L. Glover
P.K. Govind & Sally L. Luckenbach
*Deborah Gray Trust
Sharman L. Greber
Betty Lou Gross
*The Barbara S. Guttman Trust
*The Estate of Dorothy G. Hale
*Wayne O. Hall
Robert & *Lawanda Hanson
*Ethel G. Harris
*Hazel E. Hart
*Mrs. Ray J. Harvie
Carol A. Henry
Harriet M. Herb
*Alicia O. Hernandez
*Carolyn A. High Trust
*Forrest L. Hirst
*The Estate of Marjorie Hill Hoar
*The Estate of Rolph S. Hofflund
Linda Jo C. Hoholik
*Robert R. Holmes
Ida M. Holtsinger
Dulcy & Richard Hooper
*Mahon B. Hughes
Kenneth & Sharon Ishida
*Myrtle T. Jackson
Virginia E. Washington
*Lt. Col. Louis Janos, USA (Ret.)
*Eric R. Jensen, Ph.D.
*The Alan C. Johnson Charitable Trust
*The Estate of Adeline Kyoko Kano
Tong Yong (Andrew) Keum
Byung Ok Kim
*The Estate of Kenneth H. Kintopf
*The Estate of Kenneth L. Ladd
*The Estate of Erling Lagerholm
James B. Lam
*Maryon Patricia Lears
*June I. Lees
*The Estate of William Leidy
*The Dorothy E. Leithead Charitable Trust
Emily Ellen Markgraf
*Rev. Raymond A. Ley
Ellen M. Lockhoff
Thomas W. Lockhoff
*The Estate of Conrad L. Lohoefer
Hugh & Marguerite MacDonald
*The Estate of Dorothy Jeanette Martin
Manuel J. Sr. & Gloria E. Mathew
*The Estate of Marlene J. May
*Frederick R. and *Virginia McCammon
*Hugh W. McCarron
*Sara C. McGahan
*Jennie R. Medlin
*Elizabeth Anne Meek
*The Estate of Alice J. Merrick
*The Estate of Mary M. Meurer
Allen & *Linda Minsky
James E. Moore
*The Estate of May Moore
Boyd J. Mudra
*The Estate of Barbara Mulholland
William M. Myers, Jr.
*Eugene D. Nasatir
Mr. Richard V. Olson & Mr. Larry J. Kramer
Anthony & Shirley Onesto
Leslie A. Palm
*The Estate of William Keith Parlour
Margot Joy Patrick
*The Rose Penn Trust
Ms. Carmen E. Perry
Leon N. Phelps, Sr.
Jeanne Phillips & Bill Pendergraft
*In Memory of Karl Herrick Elwyn Pinks
*Alfred A. Plonsky
*The Estate of Alfred W. Potter
*The Estate of Sandra Premrou
Estate of Saundra Price
*The Estate of Helene M. Pritchard
*The Estate of Larry G. Rand
*Ed & *Jeanette Ray
*The Estate of Ronald Richardson
*Frank & Maria Robinson
*Mrs. Helen P. Rogers
*F. Virginia Rohde
*The Estate of Andrew Romay
*Julia M. Ross Trust
Mary Ann Rumplasch
*Daniel & *Audrey Schechter
*The Estate of Michael Schinagel
Joseph R. Selby
John A. Sena
*The Estate of Georgia B. Senior
Heather & Tim Sherman
*The Estate of Joseph W. Showalter
*The Estate of Doris C. Simmons
*Claiborne W. Skipworth
*The Estate of Ruth Belton Sloan
*The Estate of William O. Smedley
*The Estate of Edward Stein
In memory of Mrs. Beatrice M. Stevens & Sadie R. Stevens
Peggy P. Stevenson
*June R. Strachan
*Gerald Edward & *Guyola Marie Stutzman Trust
Thomas H. Stutzman
*Lloyd W. Sutherland
Anthony Testagrose & Margaret Dau
In Memory of Mr. & Mrs. Charlie Thomas, Jr.
Patricia L. Tolbert
*The Estate of Amy Emiko Uyemura
*The William H. Van Dusen, Jr. Trust
Sharon R. Villano
*The Louis A. Wagner Trust
*L. Robert and *Elise Warn
*Joy Washington Probating Trust
*Cecel F. White
*The Hilda R. White Living Trust
Beth & David Whitehead
Huora L. Williams
Marcia Williams & Gene Lucero
*The Estate of Sharon Elizabeth Wineholt
*Glenn H. Wing
*The Estate of Marillyn C. Zilius
This summary of financial information has been extracted from the AARP Foundation audited financial statements for the years ending December 31, 2021 and December 31, 2020, and on which an independent public accounting firm expressed an unmodified opinion.
STATEMENTS OF FINANCIAL POSITION
For the years ended December 31, 2021 and December 31, 2020 (in thousands)
|Cash and cash equivalents||12,118||6,595|
|Contributions receivable, net||353||4,653|
|Prepaid expenses and other assets||1,017||1,674|
|Charitable gift annuity investments||5,928||6,072|
|Program-related investments, net||5,113||5,925|
|Property and equipment, net||12,009||13,554|
|Accounts payable and accrued expenses||25,467||22,247|
|Due to affiliates||1,879||3,919|
|Charitable gift annuities payable||3,319||3,264|
Net assets without donor restrictions:
|Board-designated operating reserves||64,256||60,500|
|Total net assets without donor restrictions:||151,046||130,846|
|Net assets with donor restrictions||497,020||451,046|
|Total Net Assets||648,066||581,892|
|Total Liabilities and Net Assets||703,731||636,562|
STATEMENTS OF ACTIVITIES
For the years ending December 31, 2021 and December 31, 2020 (in thousands)
|Investment income designated for operations||22,027||18,056|
|Total Operating Revenue||234,377||223,513|
|Tax and Credits Programs||16,430||14,426|
|Impact areas and other programs||32,029||35,806|
|Total Program Services||174,458||160,690|
|Management and general||22,366||21,869|
|Total Supporting Services||50,694||48,076|
|Changes in Net Assets from Operations||9,225||14,747|
|OTHER CHANGES IN NET ASSETS|
|Investments (loss) return in excess of amounts designated for operations||57,137||33,125|
|Changes in value of charitable gift annuities||(188)||(149)|
|Change in Net Assets||66,174||47,723|
|Net Assets, Beginning of Year||581,892||534,169|
|Net Assets, End of Year||648,066||581,892|
AARP Foundation receives funding from multiple sources, including contributions, grants, and AARP. Almost eighty cents of every dollar the Foundation spends goes to our important programs and services to improve the quality of life for vulnerable older adults in communities across the country.
Investment Income and Other
Management and General
Libby Sartain, Chair
Hon. Patricia Banks
Margot James Copeland
Ann G. Daw
Gregory J. Dyson
Diane D. Miller, Vice Chair
Lisa Marsh Ryerson, President, 2013-2022
Emily Allen, Interim President 2022, Senior Vice President, Foundation Programs
Patricia D. Shannon, Chief Financial Officer and SVP, Strategy, Innovation, Evaluation, Finance, Grants, Operations, Technology and Research
William Alvarado Rivera, Senior Vice President, Foundation Litigation
David Whitehead, Senior Vice President & Chief Development Officer