For these reasons, the organizations coordinating this award have joined efforts to provide qualified investigative journalists with an important stimuli to their work. Assisted by a Jury of the highest quality, they shall award 25 thousand U.S. dollars to the best investigative report on corruption published in the Latin American or Caribbean media.

The organizations coordinating this award are: Transparency International, worldwide leader in the fight against corruption, through its national chapters in Latin America and the Caribbean (TILAC), and the Press and Society Institute, a prestigious organization of Latin American independent journalists, based in Lima. The project is currently financed by the Open Society Institute, based in New York City.