The Olof Palme Prize is an annual Swedish prize awarded for an outstanding achievement in the spirit of Olof Palme. The Prize consists of a diploma and 100,000 US dollars. The prize was established in February 1987 and is awarded by the Olof Palme Memorial Fund for International Understanding and Common Security (Swedish: Olof Palmes minnesfond för internationell förståelse och gemensam säkerhet), a fund that was established by Olof Palme's family and the Swedish Social Democratic Party in honor of Olof Palme's memory. Source: Wikipedia (en)