The Partnership for Public Service established the Paul A. Volcker Career Achievement Award in 2019 in honor of Mr. Volcker’s long and illustrious record of public service. The award, supported by Ray and Barbara Dalio, will be presented to an honoree every fall as part of the Samuel J. Heyman Service to America Medals (Sammies), which celebrate the outstanding achievements of the nation’s federal workforce. Finalists for this award are ranked on demonstrated leadership, the significance and impact of their accomplishments, how well they foster innovation, and the extent to which they exemplify excellence in public service over a career of at least twenty years in federal government. The inaugural Paul A. Volcker Career Achievement Award, in 2019, was given to Dr. Ann McKee, neuropathy chief at the Department of Veterans Affairs Boston Healthcare System, for her extraordinary work as a trailblazer in the field of head trauma.
Soon after Mr. Volcker’s passing in December 2019, the Board of Directors of the Volcker Alliance established the Paul A. Volcker Fund for the Future of Public Service. The purpose of the fund is to honor and uphold Mr. Volcker’s remarkable legacy of public service and further the Alliance’s mission and vision. The Fund awards grants to spur development of innovative educational experiences that inspire and prepare current and future public servants; implementation of programs or strategies that strengthen the talent pipeline into public service; and elevation, replication, or scaling of best practices that further public sector workforce development. Donations to the Volcker Alliance may be specifically directed to the Paul A. Volcker Fund for the Future of Public Service at volckeralliance.org.