Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	AARP Foundation
Address:	601 E Street, NW
	Washington, DC 20049
Phone:	202-434-3220
Web Address:	www.aarp.org/foundation

AARP Foundation(the Foundation) meets the 20Standards for Charity Accountability.

The Foundation administers grants received from federal agencies and private organizations. The two largest are the senior community service employment program (SCSEP) with the Department of Labor, which provides temporary subsidized employment for persons 55 and older whose incomes are at or below 125% of federal poverty levels, and the partially IRS funded tax counseling for the elderly (Tax-Aide), which supplies volunteer assistance for federal income tax preparation to low and moderate income older individuals with special attention to filers who are 60 and over. The Foundation also represents older Americans in high visibility cases and prepares friend of the court briefs on legal and policy issues such as consumer fraud, access to justice, health and long-term care, age and disability discrimination, and pension and other employee benefits. Through its consumer fraud project, older consumers are alerted to telemarketing and other types of fraud that endanger their financial security. The Foundation is also a source of consumer information on reverse mortgages and other alternatives that help people remain in their homes.

For the year ended December 31, 2007, the Foundation's program expenses were:

Senior community service employment	89,461,000
Other programs	16,178,000
Tax conseling for the elderly	10,150,000
Legal advocacy	5,056,000
Total Program Expenses:	$120,845,000

Chief Executive : Robin Talbert, President

Compensation*:

$400,049

Chair of the Board: N. Joyce Payne
Chair's Profession / Business Affiliation: Executive Director, National Endowment for the Public Trust

Board Size: 9

Paid Staff Size: 198

*2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. The President’s compensation also includes $81,308 she received from AARP, Inc. for work performed on behalf of AARP, Inc.

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, planned giving, and membership appeals.

Fund raising costs were 12% of related contributions. (Related contributions, which totaled $146,394,000, are donations received as a result of fund raising activities.)

The Foundation incurred joint costs of $1,022,037 for informational materials and activities that included fund raising materials. Of those costs, $911,972 was allocated to fund raising expenses and $110,065 was allocated to program expenses.

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 the Foundation's audited financial statements (consolidated with affiliate) for the year ended December 31, 2007:

Source of Funds
Grant revenue	81,518,000
Contributions	41,347,000
In-kind contributions	23,529,000
Investment income	4,651,000
Other	796,000
Change in value of charitable gift annuities	-436,000
Total Income	$151,405,000

Uses of Funds as a % of Total Expenses

Programs: 83%  Fund Raising: 12%  Administrative: 5%

Total income				$151,405,000
	Program expenses			$120,845,000
	Fund raising expenses			17,052,000
	Administrative expenses			7,119,000
Total expenses				$145,016,000
Income in Excess of Expenses				6,389,000
Beginning net assets				70,145,000
Ending net assets				76,534,000
Total liabilities				51,461,000
Total assets				$127,995,000

Note: According to the Foundation's audited financial statements, the organization received $23,529,000 in in-kind donations which includes supervisory services ($14,218,000) and shared services such as personnel costs ($9,311,000).