Relatively a new enterprise, the Dan David prize is one of the most prominent awards given each year. One exceptional feature about it is that it includes three time frames: past, present and future. Each one of these embodies a great accomplishment by one or more people.

The past refers to achievements that help expand our knowledge of the past.
The present refers to achievements that contribute to our present day society.
The future refers to achievements that have the greatest of potential for the advancing our future.

This prize is not limited to one field, or even to science alone, which is another element that makes it exceptional. In every year a specific subject is chosen for every time dimension. Furthermore, each prize consists of one million dollars, though 10% of these are given by the laureates to students and scholars in the chosen field for the given time frame.

The year 2006 was a great year:
- The renowned artist Yo-Yo Ma was given the prize for the past, for preserving our cultural heritage.
- Four renowned journalists: Goenawan Mohamad, Adam Michnik, Monica Gonzalez and Magdi Allam, won the award for the present, for for fighting and risking their lives for unrestricted press.
- Two famous scientists: Dr. John Mendelsohn, and Dr. Joseph Schlessinger, won the award for the future, for their enormous contributions for treatment of cancer and cancer therapy.

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