Bloomberg deferred his $1m award so it could be used to fund the Genesis Generation Challenge, a competition among young adults to find the next big idea that will measurably improve the world. On January 14, 2015, The Genesis Prize Foundation announced that actor Michael Douglas was selected as the second Genesis Prize Laureate. Renowned violinist Itzhak Perlman was announced as the third Genesis Prize Laureate on December 14, 2015. Stan Polovets is also a co-Founder and CEO Emeritus of Genesis Philanthropy Group (GPG), one of the largest private foundations in the field of Jewish philanthropy, with offices in Moscow, New York City, and Tel Aviv. The foundation’s mission is to develop and enhance Jewish identity among Russian-speaking Jews worldwide. Among GPG grantees are Taglit-Birthright Israel, Yad Vashem, Hillel, and Brandeis University, where GPG funded the establishment of the Brandeis-Genesis Institute of Russian Jewry. Polovets served as the founding CEO of GPG from its inception in 2007 until July 2014. He represented GPG on the boards of several non-profits funded by GPG, including serving as Vice Chairman of Hillel Russia. In 2003, Polovets established, funded, and managed the Vnimanie Foundation, a non-profit organization dedicated to supporting Russian children with learning disabilities and behavioral disorders. The Board of Vnimanie included many prominent individuals, including the former Soviet leader Mikhail Gorbachev. The Executive Director of Vnimanie Foundation was Sergei Filatov, who previously served as President Boris Yeltsin’s Chief of Staff.