The Prize is presently a silver eagle feather, a certificate, and $50,000. The endowment from Walter and Doris Neustadt of Ardmore, Oklahoma ensures the award in perpetuity.
The prize was established in 1969 by Ivar Ivask, editor of Books Abroad, as the Books Abroad International Prize for Literature. Subsequently, it was renamed the Books Abroad/Neustadt Prize. It assumed its present name in 1976. The candidates are selected by a jury of at least seven members, and are not limited by geographic area, language, or genre. It is the only international literary award of this scope to originate in the United States and is one of few international prizes for which poets, novelists, and playwrights are equally eligible.
|1972||Gabriel García Márquez||Spanish|
|1992||João Cabral de Melo Neto||Portuguese|
|1994||Edward Kamau Brathwaite||English|
|2006||Claribel Alegría||/ El Salvador||Spanish|