(20) Semi-Finalists will each be awarded a one hundred dollar gift card redeemable for goods and/or services from a merchant or service provider selected by Sponsor. ARV of the Semi-Finalist Award: $100.00.

(5) Finalists will each be awarded: a $5,000 check, payable to the Finalist; the designation of “kid reporter” for one year with the ability to make editorial contributions to TIME for Kids magazine, TIME Edge magazine, TIME magazine, and/or their respective online, digital and social media platforms throughout such year; a TIME for Kids reporter T-shirt, press credentials, reporter’s notebook, and letter of congratulations; and, a trip for each Finalist and their parent or legal guardian to the Nickelodeon Kids’ Choice Awards and Slime Fest. The ARV of each Finalist Award: $8,040.00.

Honoree Award: Honoree will be announced as TIME’s Kid of the Year and will receive a framed TIME magazine cover of their choice. ARV of the Honoree Award: $125.

Total ARV of all awards to be given: $42,325.

Open only to legal residents of the fifty United States and the District of Columbia. Nominators may be any age, but all Nominees must be between eight and sixteen years or age as of August 1, 2020.

Limit: Each Nominator may submit multiple Submissions during the Submission Phase but may only submit one Submission for each Nominee.

Nominator should provide Sponsor with a short description of no more than 500 words explaining why the Nominee deserves to be Kid of the Year. The statement about the Nominee should help illustrate why they should be recognized for their demonstrated achievements and/or contributions in their area of interest including, without limitation, the arts, entertainment, entrepreneurship, pop culture, science, and sports or his or her exceptional academic achievement.