The RIBA has been awarding the President’s Medals annually since 1836, making them the Institute’s oldest prizes and probably the oldest awards worldwide in the field of architecture. The Institute runs several other awards, including the Stirling Prize for the best new building of the year; the Royal Gold Medal (first awarded in 1848), which honours a distinguished body of work; the Stephen Lawrence Prize, funded by the Marco Goldschmied Foundation, for projects with a construction budget of less than £1,000,000, and the President’s Awards for Science.
The British Royal Society of Arts (RSA) established the Royal Designer for Industry designation in 1936 to encourage high-quality industrial design and elevate the reputation of designers. It is given to persons who have demonstrated “consistent excellence in beautiful and efficient industrial design.”
Frederik Lunning, a Danish-born businessman and owner of the Georg Jensen Inc. store on Fifth Avenue in New York, created the Lunning Prize award in December 1951. This successful showcase for Danish porcelain and glass was developed in 1924, but supplies were cut off when World War II broke out.