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My Forum Contribution |
December 20, 2007
ERIC NEE: What are the differences between traditional grant giving and using prizes as a way to stimulate social change?
THOMAS VANDER ARK: Quite simply, it’s the difference between push and pull. Traditional philanthropy is a push mechanism. You pick an organization, you make an investment, you may provide advice and performance management, and you hope that they are successful
and that the sector evolves as you had anticipated. Prize philanthropy is a pull mechanism where you set a goal, invite the world to compete, and hope to be surprised by the new money, the new minds, and the new methods brought to the competition.
See the link (Wildlife Quiz)
for IndianWildlifeClub’s prize program!
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