The Bancroft Prize is awarded each year by the trustees of Columbia University for books about diplomacy or the history of the Americas. It was established in 1948 by a bequest from Frederic Bancroft. The prize has been generally considered to be among the most prestigious awards in the field of American history writing and comes with a $10,000 stipend (raised from $4,000 beginning in 2004). Seventeen winners had their work supported by the National Endowment for the Humanities, and 16 winners were also recipients of the Pulitzer Prize for History.