from 2002 to 2014, the broad foundation awarded an annual $1 million broad prize for urban education. the broad prize recognized the large urban school districts in america that have made the greatest improvement in student achievement while narrowing achievement gaps among low-income students and students of color. in 2012, the foundation launched the broad prize for public charter schools, which awarded $250,000 to the top charter management organization in the country. over the course of 17 years, prize money totaling nearly $18 million went to support college scholarships and college readiness programs. both prizes were officially sunsetted in 2019.