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X PRIZE Foundation Charity Profile
The mission of the X PRIZE Foundation is to bring about radical breakthroughs for the benefit of humanity. We do this by creating and managing prizes that drive innovators to solve some of the greatest challenges facing the world today.
The X PRIZE is viewed as the leading model to leverage the elements of public interest, entrepreneurial spirit and cross-disciplinary innovation to bring about breakthroughs that benefit us all.
We believe that a small group of people with passion for a cause can achieve that which has never been attained. This is why we stage competitions that challenge issues that matter
An X PRIZE is a $10 million+ award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. Rather than awarding money to honor past achievements or directly funding research, an X PRIZE incites innovation by tapping into our competitive and entrepreneurial spirits.
The X PRIZE Foundation began a revolution in private spaceflight with the $10 million Ansari X PRIZE. On October 4, 2004, the Mojave Aerospace Ventures team, led by famed aircraft designer Burt Rutan and financed by Microsoft co-founder Paul Allen, captured the Ansari X PRIZE. The world took notice of this great achievement and the winning SpaceShipOne is now hanging in the Smithsonian National Air & Space Museum.
The Ansari X PRIZE was modeled after the $25,000 Orteig Prize, offered in 1919 by wealthy hotelier Raymond Orteig, to the first pilot who could fly non-stop between New York and Paris. The prize was finally won in 1927 by an unknown airmail pilot named Charles Lindbergh. Lindbergh won the hearts of a nation, and his world-changing achievement spawned a $300 billion aviation industry.
X PRIZE competitions capture the imagination of the public and speed radical breakthroughs that can ultimately change the way we see ourselves and how we live on this planet. The X PRIZE Foundation continues to unveil new X PRIZEs in Exploration (Space and Underwater), Life Sciences, Energy & Environment, Education and Global Development.
X PRIZE Foundation Donation Information
The X PRIZE Foundation is a 501(c)(3) educational non-profit organization. All contributions are tax deductible. Our survival and success are dependent on your generosity.