The Templeton Prize is an annual award presented by the Templeton Foundation. Established in 1972, it is awarded to a living person who, in the estimation of the judges, "has made an exceptional contribution to affirming life's spiritual dimension, whether through insight, discovery, or practical works". The prize is named after Sir John Templeton, an American-born British entrepreneur and businessman, who was knighted by Queen Elizabeth II in 1987 for his philanthropic efforts. It has typically been presented by Prince Philip in a ceremony at Buckingham Palace. The monetary value of the prize is adjusted so that it exceeds that of the Nobel Prizes, as Templeton felt "spirituality was ignored" in the Nobel Prizes. At £1,200,000, as of 2015, it is the second largest single annual financial prize award (behind the Fundamental Physics Prize) given to an individual by a philanthropic organization. The inaugural winner of the prize, in 1973, was Mother Teresa (pictured), six years before she received the Nobel Peace Prize. (Full list...)