More Promise From the Lipman Family Prize

Barry R. Lipman, W’70, extended an additional gift of $1.5 million to the University of Pennsylvania and Wharton to grow the scope and impact of the Barry and Marie Lipman Family Prize. Lipman established the annual prize in 2011 to recognize and expand the work of organizations from around the world that are dedicated to creating sustainable solutions for social and economic challenges. Lipman’s gift will provide additional awards and resources to the competing organizations. The cash award for the winning organization has increased from $100,000 to $125,000, for instance, and finalists will now receive a cash award of $12,500.

Wharton-Zurich Form Risk Cooperation

Wharton’s Risk Management and Decision Processes Center entered into a multiyear agreement with Zurich Insurance Group to develop key initiatives and research focused on flood resilience. Funding for this initiative will be provided by the Z Zurich Foundation. Building on the history of collaboration between Wharton and Zurich, a unique interdisciplinary approach will broaden the scope of current flood resilience research, providing opportunities to advance global understanding of flood impact, risk reduction, financial protection and community resilience.

Providing for Better Public Policy Coverage

A new Penn Wharton Public Policy Scholarship will allow three business journalists whose reporting highlights public policy issues either domestically or internationally to attend the Wharton Seminars for Business Journalists flagship program in Philadelphia this year. Each scholarship covers the cost of tuition, course materials, most group meals, lodging for three nights and airfare within the U.S. (where appropriate). The Wharton Seminars for Business Journalists, now in its 45th year, features intensive lectures and hands-on exercises led by the Wharton School’s most prominent professors. The goal: to help participants gain a better understanding of key business and economic issues.