The
Grawemeyer Awards are five awards given annually by the
University of Louisville. The prizes are presented to individuals in the fields of education, ideas improving world order, music composition, religion, and
psychology. The religion award is presented jointly by the University of Louisville and the
Louisville Presbyterian Theological Seminary. Initially, the awards came with a bonus of
US$150,000 each, making them among the most lucrative in their respective fields. This cash prize increased to $200,000 beginning in 2000. Beginning in 2011 the award amount dropped to $100,000 after the fund for the prize lost money due to a drop in the stock market.