The Genesis Prize Foundation Ltd. (GPF)

In accordance with the decision of its Board of Directors, GPF management is required to adhere to the following Grantmaking policy:

1. Decisions re: philanthropic theme
   1. The Genesis Prize Laureates do not receive the $1 million financial award. Instead, the Laureates work with GPF to develop and support a philanthropic initiative that is personally meaningful to each Laureate, to the Jewish people, the State of Israel, and/or GPF.
   2. In consultation with the Laureate, GPF management researches and develops a unique grant-making program to promote a philanthropic theme in the Laureate’s honor, attract additional donors, and motivate the global Jewish community to effect positive change.
   3. The Genesis Prize Selection Committee reviews and approves management recommendation for the annual philanthropic theme.
2. Announcement of theme
1. If possible, the announcement of the general philanthropic theme is made simultaneous to the announcement of the Laureate.
2. If not possible due to ongoing research and/or discussions, announcement of the theme is deferred to not later than six months following the Laureate selection announcement.
3. After the philanthropic theme is announced
1. GPF management must research potential grant recipients, including their track record, financial transparency and impeccable reputation of founders and management.
2. GPF invites grant proposals from qualified organizations which meet criteria established by the U.S., Israeli, and international laws. These include:
1. Organizations that can demonstrate their status as legally organized non-profits / NGOs within the jurisdiction where they operate
2. Organizations that provide services within the announced philanthropic theme of a current Genesis Prize Laureate
3. Organizations for which GPF due diligence confirms an acceptable track record, financial transparency, and impeccable reputation of founders and management
3. Following a substantive review and discussion, GPF management negotiates and executes legally binding grant agreements with selected grant recipients.
4. Additional donors and matching funds
1. To leverage its impact, GPF management should always attempt to pursue attracting matching funds from additional donors, including:
1. Personal solicitations from other potential donors with ties to GPF
2. Matching grant programs via organizations with nonprofit expertise and connections to prospective donors, such as Jewish Funders Network and Matan – United Way Israel
2. Depending on the suitability of previously identified additional donors or matching funds, GPF management negotiates and executes legally binding donation agreements with selected additional donors.  These agreements should correspond to the GPF philanthropic theme and reflect the terms of GPF grant agreements previously or concurrently executed by GPF management.
3. As necessary, GPF management may establish new non-profit entities to which third-party donors can contribute additional funds and which can employ staff to work on that year’s philanthropic theme. 
5. Grantmaking restrictions
1. No unsolicited grant applications are accepted unless such an application receives prior approval of GPF’s President, CEO, or COO.
2. All GPF grants are publicly announced and prominently displayed on the Genesis Prize website and on its social media platforms.
3. GPF management is expressly prohibited from providing grants to any entities, organizations or individuals with direct or indirect relationships with a current or past Genesis Prize laureate or with any other individual who can be shown to be a related party of such laureate.
4. All GPF grants must be properly reflected in GPF’s financial statements and must incorporate adequate monitoring and control procedures.
5. Grant recipient financial statements must be made available for GPF management review upon adequate notice.