Organization
With the Ansari X Prize, the X Prize Foundation (based in Santa Monica, CA) established a philanthropic model in which offering a prize for achieving a specific goal stimulates entrepreneurial investment that produces a 10 times or greater return on the prize purse and at least 100 times in follow-on investment and social benefit. The Foundation has developed into a non-profit prize institute that conceives, designs and manages public competitions for the benefit of humanity.
Read more about this topic: X Prize Cup
Famous quotes containing the word organization:
“Prostitution is the most hideous of the afflictions produced by the unequal distribution of the world’s goods; this infamy stigmatizes the human species and bears witness against the social organization far more than does crime.”
—Flora Tristan (1803–1844)
“When a man’s partner’s killed, he’s supposed to do something about it. It doesn’t make any difference what you thought of him, he was your partner and you’re supposed to do something about it. As it happens, we’re in the detective business; well, when one of your organization gets killed, it’s, it’s bad business to let the killer get away with it. Bad all around. Bad for every detective everywhere.”
—John Huston (1906–1987)
“The only thing that’s been a worse flop than the organization of non-violence has been the organization of violence.”
—Joan Baez (b. 1941)