Neustadt International Prize for Literature
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The Neustadt International Prize for Literature is a biennial award for literature sponsored by the University of Oklahoma and its international literary publication, World Literature Today. Like the Nobel Prize in Literature, it is awarded for a body of work, not a single work.
The Prize is presently a silver eagle feather, a certificate, and $50,000. The endowment from Walter and Doris Neustadt of Ardmore, Oklahoma ensures the award in perpetuity.[1]
The prize was established in 1969 by Ivar Ivask, editor of Books Abroad, as the Books Abroad International Prize for Literature. Subsequently it was renamed the Books Abroad/Neustadt Prize. It assumed its present name in 1976. The candidates are selected by a jury of at least seven members, and are not limited by geographic area, language, or genre. It is the only international literary award of this scope to originate in the United States and is one of few international prizes for which poets, novelists, and playwrights are equally eligible.