Sunday, March 21, 2010
The New York Times recently discussed the growth of prizes for work in various nonprofit areas. The article reports that philanthropists have been drawn to the establishment of prizes to encourage work in particular fields or to reward good work, thereby encouraging others. The article focuses on the Kravis prize, established five years ago by Henry and Marie-Josee Kravis to recognize leadership among nonprofit groups and share their best practices. The Kravis Prize awards the recipient $250,000.