The Frederic Esser Nemmers Prize in Mathematics is awarded biennially from Northwestern University. It was initially endowed along with a companion prize, the Erwin Plein Nemmers Prize in Economics, as part of a $14 million donation from the Nemmers brothers. They envisioned creating an award that would be as prestigious as the Nobel prize. To this end, the majority of the income earned from the endowment is returned to the principal in order to increase the size of the award. Even so, it is still "believed to be the largest monetary awards in the United States designated specifically for academic excellence in mathematics."
Currently, the award carries a $150,000 stipend and the scholar spends 10 weeks in residence at Northwestern University.
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