The Nonprofit Quarterly | The Nonprofit Quarterly | Nonprofit Newswire | More People Eyeing Philanthropy Prizes

The Nonprofit Quarterly | The Nonprofit Quarterly | Nonprofit Newswire | More People Eyeing Philanthropy Prizes: "March 19, 2010; New York Times | Instead of grants, a growing number of public-spirited wealthy people are offering philanthropic support for notable causes and ideas in the form of prizes. The New York Times reports that some $375 million in prize money is available each year. Along with the growth in numbers and sizes of awards, these prizes are shifting from recognizing 'past accomplishments'' to providing cash to be applied to support future accomplishments."