The Barry & Marie Lipman Family Prize at the University of Pennsylvania is an annual global prize given to one organization that celebrates leadership and innovation in the social sector with an emphasis on impact and transferability of practices. Further, The Barry & Marie 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.
Announced each spring at an award ceremony at the University of Pennsylvania’s Wharton School, the Lipman Family Prize includes:
- A $250,000 unrestricted cash award for the winning organization and $100,000 for each of the two other honorees.
- Further, An ongoing partnership with the University dedicated to knowledge sharing and support of the organization. This includes the promotion of their work and accomplishments in the Lipman Prize network of organizations. Also, Penn faculty, and alumni, and also, social impact funders.
- Access to tuition-free executive education programs at Wharton Executive Education. Further, The Center for Social Impact Strategy, valued at approximately $15,000.
All three honorees for the Lipman Family Prize receive the same non-monetary benefits. Further, Together with the University of Pennsylvania, each year’s honorees will help to build new knowledge. Along with resources, and solutions for the social sector.
- Open to organizations from around the globe;
- Organizations should be registered as a nonprofit in the United States. Or hold an equivalent incorporation status in their home country;
- Should have an annual operational budget of or above $500,000 USD;
- Have been operational for three years or more, and must not fund individuals, direct lobbying expenses to influence legislation or elections, programs with religious content, or also, programs that discriminate on the basis of race, religion, national origin, sexual orientation, age or disability;
- They look for organizations that have a proven effective service model and capacity for growth. While the organization should be building a track record of success, it may not yet have gained significant recognition. For the winner, this Prize brings its work to a larger audience, attracts new potential donors, and also, provides resources that will help scale the work or improve organizational sustainability;
- Organizations do not have to operate outside of their home country to win the Prize. Further, The organizers also equally encourage applicants serving areas of North America to apply along with those from other regions of the globe.