Lipman Family Prize for Wharton 2022

Lipman Family Prize for Wharton 2022

The Barry & Marie Lipman Family Prize at the University of Pennsylvania is an annual global prize that celebrates leadership and innovation in the social sector with an emphasis on the impact and transferability of practices.

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The Lipman Family Prize recognises and supports these organisations — providing a service to the broader social sector by connecting organisations across service areas to the broader Penn community. The University of Pennsylvania is home to a dynamic, diverse community of faculty, staff, administration, students and alumni committed to drawing on their knowledge and expertise to partner across disciplines and geographies to improve the world.

We value building relationships and are passionate about getting to know change-makers around the world. We champion innovative practices and people to accelerate smart solutions across places and problems. The more we can shed light on solutions that work, the more effective we’ll be at creating a better world.

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About Wharton School of the University of Pennsylvania

In 1881, an American entrepreneur and industrialist Joseph Wharton established the world’s first collegiate school of business at the University of Pennsylvania — a radical idea that revolutionized both business practice and higher education.

Since then, the Wharton School has continued innovating to meet the mounting global demand for new ideas, deeper insights, and transformative leadership.

We blaze trails, from the nation’s first collegiate centre for entrepreneurship in 1973 to our latest research centres in alternative investments and neuroscience

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Lipman Family Prize

Type – Contest
Organisation – Wharton School of the University of Pennsylvania
Country to study
School to study
Course to study – Not specified
State of Origin
Gender – Men and Women
Application Deadline – August 1, 2022

Aim and Benefits of Lipman Family Prize

Lipman Family Prize winner package includes:

A $250,000 unrestricted cash award for the grand prize winning organization and $125,000 for each of the two other winners.
An ongoing partnership with the University is dedicated to knowledge sharing and support of the organization. This includes promotion of their work and accomplishments in the Lipman Prize network of organizations, Penn faculty and alumni, and social impact funders.
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.

Requirements for Lipman Family Prize Qualification

The Lipman Family Prize is targeted toward organizations addressing social and economic 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. We 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.
In operation for three years or more.
Annual operating budget of $500,000 USD or more in the last and current fiscal year.
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.

If submitting a Program application, the Program must meet the same basic criteria as an Organizational applicant:

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The program is part of an organization that is registered as a nonprofit in the United States or holds an equivalent incorporation status in their home country.
The program has been in operation for three years or more.
Annual program operating budget of $500,000 USD or more in the last and current fiscal year.
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.

If applying as a Program, all application materials and information submitted throughout the application process must be specific to the Program only, and should be able to be differentiated from all other work and information about the rest of the organization. This includes financial information, staff information, monitoring and evaluation approach, impact results, strategic or business plans, etc.

Interview date, Process and Venue for Lipman Family Prize

LEADERSHIP

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.

IMPACT

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.

INNOVATION

Lipman Family Prize winners offer innovation and/or innovative approaches to solving a pressing world problem.

TRANSFERABILITY

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.