Illustration by Adam McCauley

Re:CAP Recommends | The Future of Prize Philanthropy

November 16, 2016

Re:CAP Recommends The Future of Prize Philanthropy, written by Dr. Renya Wasson and published by Stanford Social Innovation Review.

WHO: Renya Wasson is a consultant and former Assistant Professor of Economics at Villanova University and Bryn Mawr College. She is currently pursuing an Executive MPA at University of Pennsylvania's Fels Institute of Government.

WHAT: Can funding challenges like the Wendy Schmidt X-Prize, the TED Prize, and others drive social change? Given their rising popularity, are such prizes the future for generating philanthropic interest and awareness in the public?

TAKEAWAY: Renya Wasson argues in this Stanford Social Innovation Review article that Prize Philanthropy is indeed a powerful instrument for generating change and provides the opportunity to advance novel solutions to the world’s most intractable and complex problems. As you and your organization consider ways to innovate and instigate progress, explore the different approaches to and reasoning surrounding prize philanthropy that Dr. Wasson examines.

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Contact Information

Fels Institute of Government
University of Pennsylvania
3814 Walnut Street
Philadelphia, PA 19104

Phone: (215) 898-2600
Fax: (215) 746-2829

felsinstitute@sas.upenn.edu