The Coca-Cola Foundation has pledged $500,000 to Claremont Graduate University over the next four years to support the Drucker Institute’s Peter F. Drucker Award for Nonprofit Innovation. The grant from The Coca-Cola Foundation will be used to increase the first-place Drucker Award from $35,000 to $100,000, beginning in 2009. The second place award of $7,500 and the third place prize of $5,000 will remain unchanged, according to a press release.
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