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 tenfold or greater return on the prize purse and at least one hundredfold 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: Ansari X Prize
Famous quotes containing the word organization:
“It is essential that there should be organization of labor. This is an era of organization. Capital organizes and therefore labor must organize.”
—Theodore Roosevelt (1858–1919)
“I will never accept that I got a free ride. It wasn’t free at all. My ancestors were brought here against their will. They were made to work and help build the country. I worked in the cotton fields from the age of seven. I worked in the laundry for twenty- three years. I worked for the national organization for nine years. I just retired from city government after twelve-and-a- half years.”
—Johnnie Tillmon (b. 1926)
“Democracy means the organization of society for the benefit and at the expense of everybody indiscriminately and not for the benefit of a privileged class.”
—George Bernard Shaw (1856–1950)