The J.M.K. Innovation Prize is an exciting initiative of The J.M. Kaplan Fund, a New York-based family foundation. In 2017 up to ten Prizes will be awarded to those – nonprofits and mission-driven for-profits – tackling our country’s most pressing needs through social innovation. The Prize will provide up to three years of support at $50,000 per year, as well as a $25,000 “bank” of funds available for technical assistance or targeted project expenses, making a total award of $175,000. Specifically, the Prize seeks to support innovation in the fields of the environment, heritage conservation and social justice. The Prize is particularly designed for early stage ideas being piloted or prototyped by dynamic visionaries.
DIFFERENTIATION FROM OTHER INNOVATION AWARDS
The emergent field of social innovation has become a recognized area in philanthropy. The demand for funding of this type, however, has increased so rapidly that many worthwhile ideas fail to find backing from established funders. The J.M.K. Innovation Prize aims to fill a gap in this marketplace, not only by providing critical capital to the social innovation field, but also by taking risks on projects that may be seen by others as underdeveloped or too small.
Another difference is that The J.M.K. Innovation Prize builds on the Fund’s longstanding areas of grantmaking interest while remaining flexible enough for fresh and unexpected thinking. This year, prize recipients will ideally present innovative concepts that fall within, in-between or in a matter related to the Fund’s three funding categories:
- The Environment – Reducing the pace and impacts of climate change.
- Heritage Conservation – Conserving America’s greatest monuments and places.
- Social Justice – Supporting decarceration and humane immigrant integration.
Learn more about the award and the criteria for selection by CLICKING HERE.