The Truman Capote Award for Literary Criticism is awarded for literary criticism by the University of Iowa on behalf of the Truman Capote Literary Trust. The value of the award is $30,000 (USD), and is said to be the largest annual cash prize for literary criticism in the English language. The formal name of the prize is the Truman Capote Award for Literary Criticism in Memory of Newton Arvin, commemorating both Capote and his friend Newton Arvin, who was a distinguished critic and Smith College professor until he lost his job in 1960 after his homosexuality was publicly exposed. Source: Wikipedia (en)