It is awarded annually by the Hyatt Foundation in recognition of “living architects, whose architectural works show the blend of their talents, foresight and dedication, and through the art of architecture, set up a continuation of humanity and the built environment and are of great significance. “Contribution”, founded in 1979 by Jay Pritzker and his wife Cindy, and funded by the Pritzker family; the Pritzker Architecture Award is recognized as one of the world’s most important architectural awards. “Nobel Prize”.
The Pritzker Prize awards “irrelevant nationality, race, religion or thought”; the recipients will receive a prize of US$100,000, a certificate, and a bronze medal since 1987. The Latin inscription on the back of the medal—firmitas, utilitas, venustas (Chinese: sturdy, practical, and beautiful)—from the Roman architect Vitruvius. Before 1987, the winners could get limited Henry Moore statues and bonuses.