The purpose of the Ludlow Art Prize is to bring people together to shine a light on the listed, critically endangered Tuart Forest located at Ludlow, while fostering creativity and supporting artists in their artistic endeavours.

The Ludlow Art Prize is managed by the Ludlow Tuart Forest Restoration Group Inc, a not-for-profit organisation founded in 2018 to help restore the last remaining tall stand Tuart Forest in the world, located at Ludlow.