Since 1961, the Schwabing Art Prize has been awarded annually by the city of Munich to persons or institutions that have their seat in the Munich district Schwabing or whose achievements have been made "in the spirit of Schwabing tradition". It is based on a civic initiative of the writer Florian Seidl and the then Süddeutsche Zeitung co-partner Hans Dürrmeier. Until 2012, two prizes of 5,000 Euro each as well as an unendowed Honorary Prize were awarded. Donors are the Kulturstiftung der Stadtsparkasse München, Karl Eisenrieder – Cafė Münchner Freiheit, Constantin Film AG and the Landeshauptstadt München. The prize winners are selected by a jury of five members. In 2013, thanks to a further foundation of the Stadtsparkasse München, three prizes of 5,000 Euro each were awarded for the first time. Source: Wikipedia (en)