Albert Einstein Award

The Albert Einstein Award was an award in theoretical physics that was established to recognize high achievement in the natural sciences. It was endowed by the Lewis and Rosa Strauss Memorial Fund in honor of Albert Einstein's 70th birthday. It was first awarded in 1951 and in addition to a gold medal of Einstein by sculptor Gilroy Roberts, it also included a prize money of $15,000, which was later reduced to $5,000. The winner was selected by a committee of the Institute for Advanced Study, which administered the award. Lewis L. Strauss used to be one of the trustees of the institute.