Frequently Asked Questions

Why did you decide to launch a Prize at this time?

We believe this is a pivotal moment to embark on a long-term commitment to address the education achievement and career skills gaps in the United States. Today, people face increasing tuition costs and college dropout rates with limited on-ramps to earn livable wages that support families. The demand for jobs that require more than high school, but less than a four-year-degree, is outpacing the supply of qualified workers. There is insufficient emphasis on, and resources dedicated to, career and technical education as a means to increase widespread economic prosperity.

Who is eligible to apply?

To be eligible, your organization must be a 501(c)(3) nonprofit with an annual operating budget of less than $5 million for at least two of the last four fiscal years. The Impact Prize is intended for small to medium-sized organizations. Sponsored organizations are invited to apply as long as the budget meets the requirements. You can read more about the criteria here.

How many winners will there be?

Up to three winning organizations will be selected from the pool of applicants.

How much is the Prize award?

A total of $1M in prize money will be distributed to the winning organization(s).

Who determines the Prize winners?

Our Prize Committee is a group of 11 distinguished leaders within the workforce development sector, carefully selected to contribute their expertise. You can learn more about each committee member here.

How will I know if my organization has been selected?

You will be notified via email or phone through the contact information provided on your application.

Where do I go if I have more questions?

Please review our webinar about the Impact Prize and application process here.  If you have additional questions, you can reach out via email to

Who administers the Impact Prize?

The 2024 Impact Prize is supported by the Iovino Family Foundation. If you’re interested in partnering or learning more about our work, please reach out to us at