The Calder Prize is awarded biannually to honor a living artist who has completed exemplary and innovative early work and who has demonstrated the potential to make a major contribution to the field. Created in collaboration by the Calder Foundation and the Scone Foundation in 2005, the Calder Prize grew out of the success of the Atelier Calder residency program located at Calder's former studio in Saché, France. The Prize consists of $50,000, the opportunity to complete a six-month residency at the Atelier Calder and the facilitation of a gift of one of the recipient's defining works to a major public collection. Past recipients are Zilvinas Kempinas, 2007, and Tara Donovan, 2005.