Wharton School

Wharton School 2022 Lipman Family Prize

Wharton School 2022 Lipman Family Prize

The Barry and Marie Lipman Family Prize, awarded annually by the University of Pennsylvania, recognizes leadership and innovation in the social sector, emphasising the effect and transferability of techniques.

The Lipman Family Prize acknowledges and supports these groups, benefiting the broader social sector by connecting organisations from many service sectors to the Penn community.

The University of Pennsylvania is home to a vibrant, varied community of academics, staff, administration, students, and alumni who are dedicated to collaborating across disciplines and geographies to improve the world.

We appreciate relationships and are excited to meet change-makers from all across the world. To expedite smart solutions across places and challenges, we champion new processes and individuals.

The more we can shed light on beneficial solutions, the more effective we will be at making the world a better place.

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 bold proposal that changed both commercial practice and higher education.

Since then, the Wharton School has continued to innovate in order to address the growing global demand for fresh ideas, deeper insights, and transformative leadership.

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We break ground, from the nation’s first collegiate centre for entrepreneurship in 1973 to our most recent research centres in alternative investments and neuroscience.

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, is valued at approximately $10,000.

Requirements for Lipman Family Prize Qualification

The Lipman Family Prize is intended for organizations that address social and economic concerns typically addressed by the Nonprofit/NGO/Civil Society sector.

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As a result, the vast majority of groups who apply are classified as “nonprofit.” To be eligible for the Prize, candidate organizations must meet the following criteria:

  • 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.
  • The 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:

  • The program is part of an organization that is registered as a nonprofit in the United States or holds an equivalent incorporation status in its 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 unique to the Program and distinguishable from all other work and information about the organization. This comprises financial data, employee information, a monitoring and assessment strategy, impact results, strategic or business strategies, and so on.

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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.

Application Deadline

August 1, 2022

How to Apply

For more details, visit the website

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