It's a bit mind boggling that the 50K was broken down into smaller prizes over a longer period of time, say 10K per year for 5 years. 5 years would give the center time to raise more funds, thus continuing the prize indefinitely and giving it due time to build a presence.
Re: “The $50,000 Hudgens Prize should be making bigger art-world ripples”
It's a bit mind boggling that the 50K was broken down into smaller prizes over a longer period of time, say 10K per year for 5 years. 5 years would give the center time to raise more funds, thus continuing the prize indefinitely and giving it due time to build a presence.