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The Goldman Environmental Foundation administers the Goldman Environmental Prize. The Prize is given each year to six environmental heroes - one from each of six continental regions: Africa, Asia, Europe, Island Nations, North America and South/Central America. Initially each recipient received a $60,000 award from the Goldman Environmental Foundation. The award stipend has been raised three times since and currently stands at $125,000.
The Goldman Environmental Foundation accepts nominations from only two sources: a network of internationally known environmental organizations, and a confidential panel of environmental experts from more than 45 nations, including citizen activists and prominent policymakers. There is no application for the Goldman Prize, and unsolicited nominations are not accepted.