Penn, Wharton Get $6.5 Million Gift From Barry R. Lipman for Lipman Family Prize in Leadership, Innovation

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Media Contact:Sherrie Madia | madia@wharton.upenn.edu | 215-898-1190January 26, 2011

The University of Pennsylvania and the Wharton School are pleased to announce  a $6.5 million gift from Barry R. Lipman to establish the Lipman Family Prize.  Awarded annually, the Prize will recognize and amplify the work of an organization devoted to positive social impact and the creation of sustainable solutions to significant social and economic challenges.  Lipman, W’70, is a co-founder of Goldfarb & Lipman (now Goldfarb Lipman, a leading California law firm).

Emphasizing leadership, innovation, social impact and transferability, the Lipman Family Prize will be a major award with a global scope, propelling the winning organization’s achievements forward through a combination of financial rewards, media outreach, and scholarly attention.  Each year, the winning organization will receive a $100,000 cash award and opportunities for opportunities for an ongoing relationship with the University of Pennsylvania and the Wharton School, including collaboration with Wharton Executive Education, partnerships with faculty researchers, internships with graduate students, and development of course content.  Finalists for the Lipman Family Prize will also receive the same non-cash benefits.

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