All applications are submitted online. See Application Process for a description of the application process.

Organizations may operate anywhere in the world addressing globally relevant social and economic issues. See the  Eligibility and Evaluation Criteria on the Prize Overview page for more information about specific requirements.

Yes, organizations must be registered as a nonprofit or charitable organization. In the United States, organizations must be a nonprofit recognized by the Internal Revenue Code (IRS) as tax-exempt 501(c)(3). If incorporated in another country outside the United States, organizations must be in compliance with the country’s registration requirements. Documentation of current registration is required during Phase 2 of the application process. If you have any questions about the organization’s nonprofit or charity status, please reach out to lipmanprize@wharton.upenn.edu.

No. Organizations of all budget sizes will be considered. Keep in mind, though, that the goal of the prize is to find an organization already creating positive social impact. This is not an appropriate competition for organizations in a start-up phase. See Applicant Profiles for more information about organizations that have done well in our selection process.

All applicants must provide several brief essay responses, specific financial data and organizational details through the online application system. Organizations selected for further consideration will be notified in October and asked to provide additional documentation including, but not limited to, information on staff and board of directors, evaluation tools and strategy documents. All materials collected during the selection process will be considered confidential.

No. There are no restrictions on how the winner or finalists of the prize uses their cash award. We believe firmly in the value of unrestricted cash awards for social sector organizations.

Incomplete applications will not be reviewed or considered for the prize.

No. Only applications submitted electronically through our online system will be reviewed.

Yes. At this time there is no limit to how many times an organization may apply. However, this does not apply to previous finalists.  Currently, any past finalist is not eligible to apply for the prize again.

Additionally, semi-finalists (the top ten to fifteen organizations) from the previous application year must wait at least one year before reapplying. All other organizations may reapply for the Lipman Family Prize annually.

The significance of the social challenge being addressed, quality of the program model, impact of the applicant’s work and the potential transferability of their practices are the four core elements assessed during the initial application review. Organizational capacity will be assessed for applicants receiving further consideration. This will include a review of the organization’s staff and board, a financial analysis and media search among other elements.

A team of external reviewers (professionals in the social sector) and graduate student fellows guided by Lipman Family Prize staff complete the first two phases of the review process. From there, our Prize Committee, comprised of leaders from the social sector, academic and business worlds, will select the finalists and winner for the Prize.

Organizations desiring feedback can request it upon notification. Overall demand for feedback will dictate whether it can be provided through a direct conversation or less ideally in a standard electronic format.

The three organizations selected as finalists are required to participate in an on-campus interview in March. No similar requirements exist for organizations not selected as finalists.

Finalists will be notified by the end of March. They will be required to participate in a live interview with the Prize Committee at the University of Pennsylvania campus. Finalists will be notified of the Prize Committee’s final decision regarding the grand prize winner in early April.

The grand prize winner and other two winners are required to attend a virtual interview with the Prize Committee in March and attend, in person, the Lipman Award Ceremony in April. This will be held in Philadelphia at the University of Pennsylvania. Costs of domestic flights and accommodations of the trip will be paid for by the Lipman Family Prize. For all three finalists the award components also include a year-long collaborative engagement with the University to help develop and share knowledge with the greater social impact community.

In addition to the monetary award, the ongoing partnership with the University can potentially include a combination of the following: scholarship for executive education, pro-bono consulting, support from student projects, inclusion in faculty research and participation in peer learning events. Not only does the award and recognition support organizational growth, but together with students and faculty, Lipman finalists are part of a unique learning community within the social sector.

Please e-mail the Lipman Family Prize team at lipmanprize@wharton.upenn.edu.