▁significant ▁contributions ▁to ▁human ity ▁and ▁the ▁built ▁environment ▁through ▁the ▁art ▁of ▁architecture ". ▁F ounded ▁in ▁ 1 9 7 9 ▁by ▁Jay ▁A . ▁P ritz ker ▁and ▁his ▁wife ▁C ind y , ▁the ▁award ▁is ▁fund ed ▁by ▁the ▁P ritz ker ▁family ▁and ▁spons ored ▁by ▁the ▁Hy att ▁Foundation . ▁ ▁It ▁is ▁considered ▁to ▁be ▁one ▁of ▁the ▁world ' s ▁premier ▁architecture ▁pri zes , ▁and ▁is ▁often ▁referred ▁to ▁as ▁the ▁Nobel ▁Prize ▁of ▁architecture . ▁ ▁The ▁P ritz ker ▁Architecture ▁Prize ▁is ▁said ▁to ▁be ▁awarded ▁" ir res pective ▁of ▁national ity , ▁race , ▁cre ed , ▁or ▁ide ology ". ▁The ▁recip ients ▁receive ▁US $ 1 0 0 , 0 0 0 , ▁a ▁c itation ▁certificate , ▁and , ▁since ▁ 1 9 8 7 , ▁a ▁bronze ▁med all ion . ▁The ▁designs ▁on ▁the ▁medal ▁are ▁inspired ▁by ▁the ▁work ▁of ▁architect ▁Louis ▁S ull ivan , ▁while ▁the ▁Latin ▁inspired ▁ins cription ▁on ▁the ▁reverse ▁of ▁the ▁med all ion — fir mit as , ▁util itas , ▁ven ust as ▁( English : ▁firm ness , ▁comm od ity ▁and ▁delight ) — is ▁from ▁An cient ▁Roman ▁architect ▁Vit ru vi us . ▁Before ▁ 1 9 8 7 , ▁a ▁limited ▁edition ▁Henry ▁Moore ▁sculpt ure ▁accompanied ▁the ▁mon et ary ▁prize . ▁ ▁The ▁Executive ▁Director ▁of ▁the ▁prize , ▁Mar tha ▁Thor ne , ▁solic its ▁nomin ations