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$10,000 Award for Nonprofit Revenue Innovation

posted Jul 14, 2013, 9:58 AM by Rebecca Baumann

I believe we will be seeing more incentivized prize competitions.  The sponsoring organization gets a wealth of new ideas.  The competition gets the opportunity to put put their best thinking into the application, and the winner, well, they get the prize.

Eide Bailly recently announced its newly created Resourcefullness Award, honoring unique and inventive revenue-generation efforts of nonprofits in Minnesota with a $10,000 general operating award. 
Submissions will be evaluated and scored on the creativity of the revenue generating concept, the degree of implementation, how great the impact has in addressing a need, sustainability of the initiative, and judges’ overall impression of the organization’s effort. One $10,000 cash award will be made to the highest scoring entrant in Minnesota (awards also given in Arizona and Colorado).