MacArthur Foundation Fellow
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MacArthur Foundation Fellow
The MacArthur Fellows Program, also known as the MacArthur Fellowship and commonly but unofficially known as the "Genius Grant", is a prize awarded annually by the MacArthur Foundation, John D. and Catherine T. MacArthur Foundation typically to between 20 and 30 individuals, working in any field, who have shown "extraordinary originality and dedication in their creative pursuits and a marked capacity for self-direction" and are citizens or residents of the United States. According to the foundation's website, "the fellowship is not a reward for past accomplishment, but rather an investment in a person's originality, insight, and potential," but it also says such potential is "based on a track record of significant accomplishments." The current prize is $800,000 paid over five years in quarterly installments. Previously it was $625,000. This figure was increased from $500,000 in 2013 with the release of a review of the MacArthur Fellows Program. Since 1981, 1,111 people have been ...
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MacArthur Foundation
The John D. and Catherine T. MacArthur Foundation is a private foundation that makes grants and impact investments to support non-profit organizations in approximately 50 countries around the world. It has an endowment of $7.0 billion and provides approximately $260 million annually in grants and impact investments. It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States. It has awarded more than US$6.8 billion since its first grants in 1978. The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world". MacArthur's grant-making priorities include mitigating climate change, reducing jail populations, decreasing nuclear threats, supporting nonprofit journalism, and funding local needs in its hometown of Chicago. According to the OECD, the foundation's financing for 2019 development increased by 27% to US$109 million. ...
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