Applications are now open for the 2024 Lipman Family Prize, an annual global prize that celebrates leadership and innovation in the social sector with an emphasis on impact and transferability of practices.
The Lipman Family Prize recognizes and supports these organizations — providing a service to the broader social sector by connecting organizations across service areas to the broader Penn community.
- Each year, the Lipman Family Prize selects three winners.
- The grand prize winning organization receives:
- a $250,000 unrestricted cash award, and
- the two additional winning organizations each receive a $125,000 unrestricted cash award.
- In addition, all three winners receive the same non-monetary benefits including:
- An ongoing partnership with the University dedicated to knowledge sharing and support of the organization, including opportunities for resources and relationships to help scale the work or improve organizational sustainability.
- Promotion of their work and accomplishments to a large audience, and network development within the Lipman Prize community of winners, and the broader Penn network.
- Access to tuition-free executive education programs at the Wharton Executive Education and the Center for Social Impact Strategy, valued at approximately $15,000.
- The exclusive Lipman Nonprofit Leadership Scholarship, given in partnership with the University’s School of Public Policy and Practice, valued at approximately $10,000.
- Winners can be working in any geographic region, and making a positive impact in addressing any globally relevant social challenge of public interest. They encourage organizations working anywhere in the world to apply. Organizations do not have to operate outside of their home country to win the Prize.
- The Lipman Family Prize is targeted toward organizations addressing globally relevant issues that are usually addressed by the Nonprofit/NGO/Civil Society sector. As a result, the majority of organizations that apply are considered “nonprofit” organizations.
- They expect that applicant organizations meet the following criteria in order to apply for the Prize:
- Registered as a nonprofit in the United States or hold an equivalent incorporation status in their home country.
- Have been operating as an organization for three years or more.
- Have been monitoring and evaluating its work for three years or more and have those results to share.
- Have a 3-year average of annual organizational expenses between $500,000 and $5M USD.
- No direct lobbying expenses to influence legislation or elections, programs with religious content, or programs that discriminate on the basis of race, religion, national origin, sexual orientation, age or disability.
- Note: Lipman Family Prize funds cannot be redistributed by their winners to other organizations and/or individuals.
- Lipman Family Prize winners are organizations that achieve good through sustainable approaches. Their models are exemplary and provide solutions for tackling universal problems that can be adapted around the world.
- Lipman Family Prize winners have exhibited proof of concept for their model and/or specific project. They are poised to scale and see the Lipman Prize as the catalyst for growth.
- Lipman Family Prize winners offer innovation and/or innovative approach to solving a pressing world problem.
- Lipman Family Prize winners embrace the importance of knowledge transfer within the social sector. A core element of their business model has the potential to transfer across geography and/or need, thus offering valuable knowledge assets for the social impact community.
For more information, visit University of Pennsylvania.