Financial Mentors of America is proud to acknowledge the awards received by FMA’s founder and president, Lorraine Decker, CLU, ChFC, MSFS.


2012 Purpose Prize

Lorraine was one of five individuals in the world recognized by the Encore Organization for her commitment to making a difference in her community.  For her extraordinary contribution to society, Lorraine received the $100,000 Purpose Prize.

Now in its seventh year, The Purpose Prize is America’s only large scale investment in social entrepreneurs and other creative problem solvers in the second half of life.
The Prize program, which recognizes people 60 and older, is funded by the John Templeton Foundation and the Atlantic Philanthropies.“Lorraine Decker has been instrumental in helping move people toward financial independence,” said Marc Freedman, founder and CEO of and author of The Big Shift. “She shows that the second half of life provides an opportunity to solve social problems, transform lives and inspire others to take action for a better world.”

FDIC Chairman’s Award for Innovation in Financial Education

Lorraine was one of 6 individuals in the nation recognized for her leadership in financial education and for her desire to measure the outcomes produced by financial education programs. 

Lorraine created two programs:

  • 20-20 Power Workshops, where low and moderate income families could attend free comprehensive financial, career and life skills workshops to increase their earned income and net worth and
  • Game of Real Life, a financial / economic education, career interest assessment / discovery and college selection / funding curriculum for economically disadvantaged youth.

FDIC Chairman Sheila Bair said, “I commend everyone nominated for the award for their dedication to empowering consumers to make informed financial decisions by providing financial education in their own unique or innovative ways. Over the FDIC’s more than 75-year history, we have witnessed plenty of change. In a changing world, one thing is clear: financial knowledge helps consumers navigate through choices, know what questions to ask, and be prepared to make informed financial decisions.”