The International Balzan Prize Foundation awards four annual monetary prizes to people or organizations who have made outstanding achievements in the fields of humanities, natural sciences, culture, as well as for endeavours for peace and the brotherhood of man.

History

The assets behind the foundation were established by the Italian Eugenio Balzan (1874–1953), a part-owner of ''

Corriere della Sera The ''Corriere della Sera'' (; en, "Evening Courier") is an Italian daily newspaper published in Milan with an average daily circulation of 410,242 copies in December 2015. First published on 5 March 1876, ''Corriere della Sera'' is one of It ...

'' who had invested his assets in Switzerland and in 1933 had left Italy in protest against fascism. He left a substantial inheritance to his daughter Angela Lina Balzan (1892–1956), who at the time was suffering an incurable disease. Before her death, she left instructions for the foundation and since then it has two headquarters, the Prize administered from Milan, the Fund from Zurich. The first award was in fact one million Swiss francs to the

Nobel Foundation The Nobel Foundation ( sv, Nobelstiftelsen) is a private institution founded on 29 June 1900 to manage the finances and administration of the Nobel Prizes. The foundation is based on the last will of Alfred Nobel, the inventor of dynamite. It ...

in 1961. After 1962, a gap of 16 years followed when prizes recommenced with an award of half a million Swiss francs to

Mother Teresa Mary Teresa Bojaxhiu, MC (; 26 August 1910 – 5 September 1997), better known as Mother Teresa ( sq, Nënë Tereza), was an Indian-Albanian Catholic nun who, in 1950, founded the Missionaries of Charity. Anjezë Gonxhe Bojaxhiu () was bo ...

. Award ceremonies alternate between

Bern german: Berner(in)french: Bernois(e) it, bernese , neighboring_municipalities = Bremgarten bei Bern, Frauenkappelen, Ittigen, Kirchlindach, Köniz, Mühleberg, Muri bei Bern, Neuenegg, Ostermundigen, Wohlen bei Bern, Zollikofen , website ...

and the

Accademia dei Lincei The Accademia dei Lincei (; literally the "Academy of the Lynx-Eyed", but anglicised as the Lincean Academy) is one of the oldest and most prestigious European scientific institutions, located at the Palazzo Corsini on the Via della Lungara in Rom ...

in Rome, and frequently winners have later won a Nobel Prize.

Procedure

All awards are decided by a single committee. The Balzan Prize committee comprises twenty members of the prestigious learned societies of Europe. Each year the foundation chooses the fields eligible for the next year's prizes, and determines the prize amount. These are generally announced in May, with the winners announced the September the following year.

Rewards and assets

Since 2001 the prize money has increased to 1 million

Swiss Franc The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the f ...

s per prize, on condition that half the money is used for projects involving young researchers. As of 2017, the amount of each of the four Balzan Prizes is now 750,000

Swiss franc The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the f ...

s (approx. €760,000; $750,000; £660,000).

Recipients

* See:

List of Balzan Prize recipients This is a list of recipients of the Balzan Prize, one of the world's most prestigious academic awards. The International Balzan Prize Foundation awards four annual monetary prizes to people or organizations who have made outstanding achievements in ...

References

{{Reflist

External links

The Balzan Foundation
– Official site
The Balzan Foundation – List of Balzan prizewinners
*

Prizes named after people A prize is an award to be given to a person or a group of people (such as sporting teams and organizations) to recognize and reward their actions and achievements.

Awards established in 1961 Science and technology awards Peace awards Academic awards Astronomy prizes