The Queen Elizabeth Prize for Engineering is run by a charitable company limited by guarantee and called The Queen Elizabeth Prize Foundation. The Queen Elizabeth Prize for Engineering Foundation was established to manage the prize and the funding for the prize.

The Queen Elizabeth Prize for Engineering is funded by an endowment which has been established with support from a number of generous corporate donors. The prize funds are held in trust and managed by the trustees of the Queen Elizabeth Prize Foundation.

The Queen Elizabeth Prize for Engineering Foundation is registered as a charity, number 1147743, and registered as a company, number 08077332. The registered office is 3 Carlton House Terrace, London SW1Y 5DG. The Queen Elizabeth Prize for Engineering Foundation is a company limited by Guarantee and registered in England and Wales.