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who had invested his assets in
Switzerland and in 1933 had left Italy in protest against fascism. He left a substantial inheritance to his daughter Angela Lina Balzan (1892–1956), who at the time was suffering an incurable disease. Before her death, she left instructions for the foundation and since
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Four prizes have been awarded annually since 1978. The award fields vary each year and can be related to either a specific or an interdisciplinary field. The prizes go beyond the traditional subjects both in the humanities (literature, the moral sciences and the arts) and in the sciences (medicine
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Each year the foundation chooses the fields eligible for the next year's prizes, and determines the prize amount. These are generally announced in May, with the winners announced the
September the following year.
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who have made outstanding achievements in the fields of humanities, natural sciences, culture, as well as for endeavours for peace and the brotherhood of man.
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All awards are decided by a single committee. The Balzan Prize committee comprises twenty members of the prestigious learned societies of Europe.
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in 1961. After 1962, a gap of 16 years followed when prizes recommenced with an award of half a million Swiss francs to
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Jiang, Fan; Liu, Niancai (2018). "The hierarchical status of international academic awards in social sciences".
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and the physical, mathematical and natural sciences), with an emphasis on innovative research.
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per prize, on condition that half the money is used for projects involving young researchers.
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In different fields the prize is considered a significant prize, for example in sociology.
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then it has two headquarters, the Prize administered from Milan, the Fund from Zurich.
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As of 2017, the amount of each of the four Balzan Prizes is now 750,000
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The assets behind the foundation were established by the
Italian
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in Rome, and frequently winners have later won a Nobel Prize.
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The first award was in fact one million Swiss francs to the
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Achievements in the natural sciences, humanities and culture
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Prize for humanity, peace and brotherhood among peoples
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Since 2001 the prize money has increased to 1 million
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The Balzan
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316:(5539): 2383b–2383. 28 September 2001.
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145:awards four annual monetary prizes to
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188:. Award ceremonies alternate between
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