The Henry R. Kravis Prize recognizes and celebrates extraordinary accomplishment and bold, visionary leadership in the nonprofit sector. While the Prize typically recognizes an outstanding individual, in exceptional circumstances the Prize may be awarded to an organization.

The Prize is awarded annually based on nominations that are received from a group of confidential nominators. These nominators are selected on the basis of the breadth and depth of their knowledge of the nonprofit sector. Nominators are chosen from all over the world and from a variety of fields.

Nominations span a broad range of sectors in the nonprofit field, including economic development, public health, law/ justice/human rights, education, and capacity building in the nonprofit sector as a whole. Selection criteria include boldness, innovation, creativity, consistency, persistence, and effectiveness in bringing a vision to fruition. Nominees are also evaluated based on their accomplishment in realizing the mission of an organization and demonstrating best practices in managing that organization.

In choosing a winner from the pool of nominees, the Selection Committee draws upon its own expertise, letters of recommendation from nominators, and expert evaluations assembled by the Prize staff. Nominees are assessed using carefully crafted quantitative and qualitative measures based on state-of-the-art analysis and evaluation methods. These measures are focused primarily on direct impact and achievement. The assessment framework also provides for a qualitative analysis of bold, visionary leadership and for review of financial stability and integrity, governance, and management stability. The Kravis Prize Selection Committee makes its final selection of a winner after reviewing extensive information and data within the context of this methodology. The recipient of the Prize receives recognition at an award ceremony and $250,000 to be directed to the nonprofit organization of his or her choice.

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