Annual Report - 2011 Foundation

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> In April, in response to an AARP Foundation Litigation lawsuit, the U.S.

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Department of Housing and Urban Development rescinded its rule requiring
surviving spouses and children to pay the full reverse mortgage value due, even if
the property had dropped in value.

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> After tallying up the number of taxpayers ( 2. 6 million) served in all 50 states
and the District of Columbia during the 2011 tax season, AARP Foundation
Tax-Aide found that its 35,000 volunteers had helped taxpayers receive

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$1.3 billion in federal tax refunds, and qualified low-income taxpayers receive
$233 million in Earned Income Tax Credits. In 2012, these volunteers will have
upgraded computers, thanks to a generous donation valued at $2.8 million from
Microsoft Corporation.

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> We received word in October that Charity Navigator has awarded AARP
Foundation a four-star rating and we continue to have the BBB Wise Giving
Alliance’s highest rating.

> Just two weeks before the California Department of Health Care Services was to end its adult daycare center benefits and deprive 35,000 low-income elderly and disabled patients of this care, AARP Foundation Litigation helped negotiate a settlement. Under the agreement, most of those affected will be moved to a new program, where they’ll receive the same services.

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> Construction started at Habitat for Humanity’s Sunrise Park in Charlottesville, Virginia. It will feature a state-of-the-art community center for residents of all ages who have low or modest incomes. This model program, which is funded by the Foundation through the