The Templeton Prize is an annual award granted to a living person, in the estimation of the judges, "whose exemplary achievements advance Sir John Templeton's philanthropic vision: harnessing the power of the sciences to explore the deepest questions of the universe and humankind's place and purpose within it." It was established, funded and administered by John Templeton starting in 1972. It is co-funded by the John Templeton Foundation, Templeton Religion Trust, and Templeton World Charity Foundation, and administered by the John Templeton Foundation.