Research on contemplation offers a rich opportunity for understanding the mind and its capacity for change, and programs delivering contemplative training in various settings have expanded globally. Our knowledge of cognitive, physiological, and clinical effects of these practices has grown steadily, in large part due to the ongoing efforts of the Mind & Life Institute and our community of scholars. Expanding from awareness-based contemplative practices to the cultivation of virtuous, prosocial qualities and actions is clearly warranted to support not only individual well-being but also interpersonal well-being, societal flourishing, and human-earth connection. To this end, Mind & Life is pleased to lead the development of this field through our PEACE Grants. This funding mechanism supports projects that advance our understanding of wholesome mental qualities and positive interpersonal and social action related to Prosociality, Empathy, Altruism, Compassion, and Ethics (PEACE). Mind & Life PEACE grants will fund projects that advance our understanding of the mechanisms, implementation, and outcomes of contemplative approaches to promote well-being and prosocial behavior in individuals and communities. This grant program encourages the active collaboration of scientists with contemplative scholars/practitioners in all phases of research. Two levels of funding are offered—$25,000 and $100,000—for projects that can be completed in a two-year time frame.