when was the nobel prize for literature first awarded
1901
title: Nobel Prize in Literature text: The executors of his will were Ragnar Sohlman and Rudolf Lilljequist, who formed the Nobel Foundation to take care of Nobel's fortune and organize the prizes. The members of the Norwegian Nobel Committee that were to award the Peace Prize were appointed shortly after the will was approved. The prize-awarding organisations followed: the Karolinska Institutet on 7 June, the Swedish Academy on 9 June, and the Royal Swedish Academy of Sciences on 11 June. The Nobel Foundation then reached an agreement on guidelines for how the Nobel Prize should be awarded. In 1900, the Nobel Foundation's newly created statutes were title: Nobel Prize in Literature text: of prizes for those who confer the "greatest benefit on mankind" in physics, chemistry, peace, physiology or medicine, and literature. Though Nobel wrote several wills during his lifetime, the last was written a little over a year before he died, and signed at the Swedish-Norwegian Club in Paris on 27 November 1895. Nobel bequeathed 94% of his total assets, 31 million Swedish "kronor" (US$198 million, €176 million in 2016), to establish and endow the five Nobel Prizes. Due to the level of scepticism surrounding the will, it was not until 26 April 1897 that the Storting (Norwegian Parliament) approved it. title: Nobel Prize in Literature text: will receive the prize. The academy announces the name of the laureate in early October. It is one of the five Nobel Prizes established by the will of Alfred Nobel in 1895. It will not be awarded in 2018, but two names will be awarded in 2019. Although the Nobel Prize in Literature has become the world's most prestigious literature prize, the Swedish Academy has attracted significant criticism for its handling of the award. Many authors who have won the prize have fallen into obscurity, while others rejected by the jury remain widely studied and read. The prize has "become title: Nobel Prize text: Nobel Prize The Nobel Prize (, ; Swedish definite form, singular: "Nobelpriset"; ) is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances. The will of the Swedish scientist Alfred Nobel established the five Nobel prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. In 1968, Sweden's central bank, Sveriges Riksbank, established the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel", which, although not being a Nobel Prize, has become informally known as title: Literature text: contribution in literature. Given the diversity of the field, awards are typically limited in scope, usually on: form, genre, language, nationality and output (e.g. for first-time writers or debut novels). The Nobel Prize in Literature was one of the six Nobel Prizes established by the will of Alfred Nobel in 1895, and is awarded to an author on the basis of their body of work, rather than to, or for, a particular work itself. Other literary prizes for which all nationalities are eligible include: the Neustadt International Prize for Literature, the Man Booker International Prize and the Franz Kafka Prize.