Purpose Prize for Social Innovators Over 60 Open for Nominations

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Prize to Invest Over $500,000 in Americans in the Second Half of Life
Who are Inventing New Ways to Solve Critical Social Problems

For the First Time, Americans Working to Solve Problems Abroad
Also Eligible to Apply

SAN FRANCISCO “” Civic Ventures, a nonprofit organization helping society achieve the greatest return on experience, opened nominations today for the 2008 Purpose Prize, a $9 million initiative that invests in Americans over 60 who are leading a new wave of social innovation.This year, for the first time, Civic Ventures (CivicVentures.org) is also inviting people to nominate Americans over 60 who are working to solve significant social problems outside the United States.

Now in its third year, The Purpose Prize names five $100,000 winners and ten $10,000 winners. All winners are social entrepreneurs in the second half of life who are combining their creativity and experience to tackle some of the nation’s most pressing challenges.

Created by Civic Ventures in December 2005, The Purpose Prize aims to inspire Americans to use their experience for the greater good in the new stage of life opening up between the end of midlife careers and true retirement. The work is part of a larger Civic Ventures’ effort to motivate and mobilize millions of baby boomers to embark on “encore careers” – work that provides continued income, new meaning and connections, and greater impact.

Over the past two years, The Purpose Prize – with generous support from The Atlantic Philanthropies and the John Templeton Foundation – has invested in social innovators whose work addresses a wide range of issues, from education and health care to global warming and poverty. To read more about past winners, visit: www.PurposePrize.org.

This year, from November 10-12, about 60 Purpose Prize winners and Fellows from 2006 and 2007 will participate in an innovation summit at Stanford University’s Graduate School of Business’ Center for Social Innovation, one of the world’s leading academic centers focused on social entrepreneurship.

Purpose Prize winners are selected by a jury comprised of leaders in business, politics, journalism, the arts and the nonprofit sector. The next group of winners will be announced in the fall of 2008.

Civic Ventures is now accepting nominations, including self-nominations, for the 2008 Purpose Prize at www.PurposePrize.org.

Note to Journalists: Check out the resources in Civic Ventures’ Journalists’ Guide to Covering the Aging of the Baby Boom at www.civicventures.org/jguide. And for news about encore careers, go to www.encore.org/news.

About Civic Ventures
Civic Ventures (CivicVentures.org) is a nonprofit organization helping society achieve the greatest return on experience. For more information about The Purpose Prize and its 2006 and 2007 winners, visit www.PurposePrize.org.

About the Atlantic Philanthropies
The Atlantic Philanthropies (www.atlanticphilanthropies.org) are dedicated to bringing about lasting changes in the lives of disadvantaged and vulnerable people through grant-making. Atlantic focuses on critical social problems related to aging, disadvantaged children and youth, population health, and reconciliation and human rights. Programmes funded by Atlantic operate in Australia, Bermuda, Northern Ireland, the Republic of Ireland, South Africa, the United States and Viet Nam.

About the John Templeton Foundation
The John Templeton Foundation’s (www.templeton.org) focus on the human person is guided by Sir John Templeton’s unyielding optimism that there is much to learn from examining scientifically the nature and benefits of such spiritual principles as creativity, gratitude, altruism and purpose. From cutting-edge research that examines how young people can acquire a sense of noble purpose in today’s world to recognizing the contributions of “purpose pioneers” through a prize program that honors innovative older adults who improve their communities through their work and inspiring vision, the Foundation’s efforts aim to promote the benefits of purpose throughout the lifespan.

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