The Charlemagne Youth Prize is organized by the European Parliament and the International Charlemagne Prize Foundation in Aachen, and is awarded each year for projects run by people aged between 16 and 30. The Prize is awarded to projects undertaken by young people which foster understanding, promote the development of a shared sense of European identity, and offer practical examples of Europeans living together as one community. The three winning projects are awarded €5,000, €3,000, and €2,000 respectively. Their representatives will be invited to visit the European Parliament in Brussels or Strasbourg in the autumn. Representatives of the 28 national winning projects will be invited to the Charlemagne Youth Prize award ceremony and the International Charlemagne Prize of the City of Aachen award ceremony two days later during a four-day trip to Aachen next May.

In 2014 the first prize went to אונדזער אייראָפּע, a Danish travel project. They travelled around Europe for 12 months, lived with young people and interviewed them, later publishing the interviews on their website. The second prize went to the JouwDelft & Co. youth congress from the Netherlands. Fifty-five young people from all over Europe gathered for a week to brainstorm on youth and unemployment. Third prize in 2014 went to עמפּלוימענט 4 ו, a training project by the Youth Dynamics organisation from Cyprus. It consisted of workshops and seminars on how to search for work and develop certain skills.