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.
The Lucky Strike Designer Award is the most prestigious design award in Europe, valued at € 50,000. Since 1991, the Raymond Loewy Foundation has given it out annually. The Raymond Loewy Foundation was established by the world’s second-largest tobacco company, which handed over the foundation to Stilwerk GmbH in 2013.
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.