The Wellcome Trust is the world’s second largest charitable trust with an endowment of approximately £23.2 billion (~USD$30 billion). For the past 20 years, it has produced a photo contest called the Wellcome Image Awards, and this year, it rebranded the contest as the Wellcome Photography Prize.
The Prize is free to enter, and images can be submitted into one of four categories. Each category winner receives £1,250 while the overall winner receives a prize of £15,000 (~USD$19,000). Furthermore, the winners and shortlist entries will be displayed at the Lethaby Gallery of the University of the Arts London.