Templeton Foundation

The John Templeton Foundation (Templeton Foundation) is a philanthropic organization founded by John Templeton in 1987. Templeton became wealthy as a contrarian investor, and wanted to support progress in religious and spiritual knowledge, especially at the intersection of religion and science. He also sought to fund research on methods to promote and develop moral character, intelligence, and creativity in people, and to promote free markets. In 2008, the foundation was awarded the National Humanities Medal. In 2016, Inside Philanthropy called it "the oddest—or most interesting—big foundation around." Templeton was chairman until he died in 2008. Templeton's son, John Templeton Jr., was its president from its founding until his death in 2015, at which point Templeton Jr.'s daughter, Heather Templeton Dill, became president. The foundation administers the annual Templeton Prize for achievements in the field of spirituality, including those at the intersection of science and religion. It has an extensive grant-funding program (around $150 million per year as of 2016) aimed at supporting research in physics, biology, psychology, and the social sciences as well as philosophy and theology. It also supports programs related to genetics, "exceptional cognitive talent and genius" and "individual freedom and free markets". The foundation receives both praise and criticism for its awards, regarding the breadth of its coverage, and ideological perspectives asserted to be associated with them.