ON-Lion Letter

History has shown that free markets are the best way to organize economic activity.  But the Manhattan Institute in New York City understands that in a healthy society, markets are complemented by charitable and philanthropic enterprises -- which both help those in need and prepare citizens to realize their potential.  Indeed, Adam Smith himself understood this:  his writing on the virtues of markets (The Wealth of Nations) was preceded by his writing on morality, compassion, and altruism (The Theory of Moral Sentiments).  Since its founding, the United States has been characterized by its vibrant civil society, one in which private, nonprofit, voluntary nongovernmental organizations are formed to ameliorate social ills.

Both to celebrate and support this tradition, the Manhattan Institute established its Social Entrepreneurship Initiative in 2001.  Directed by its vice-president for policy research Howard Husock, the initiative combines research, writing, public speaking, and events on the role of nonprofit, nongovernmental organizations with an award program that recognizes the best of America's new generation of nonprofit leaders.  The program honors leaders who have found innovative, predominantly privately funded solutions for the country's most-pressing social problems.

It is welcoming nominations for two awards -- the William E. Simon Prize for Lifetime Achievement in Social Entrepreneurship and up to four Richard C. Cornuelle Awards for Innovation in Social Entrepreneurship.  Nomination forms for the Simon Prize and the Cornuelle Awards are available online.  Nominations will be accepted until March 4.

The Lynde and Harry Bradley Foundation in Milwaukee substantially supports the Manhattan Institute.

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