Nobel Prize
He arranged in his will that almost all of his fortune be allocated to a foundation of five annual prizes: the “Nobel Prize” intended for those who have rendered the greatest services to humanity in the fields of physics, chemistry, physiology and medicine, letters and peace.
For the latter area, the prize (which, in addition to the sum of money, also consists of a gold medal and a diploma of honor) is awarded to the person who has most distinguished himself or herself in fostering brotherhood among peoples, the decrease of standing armies and the establishment of peace congresses.
In the years when the Nobel Peace Prize was not awarded (which happened several times) special institutions were created to disburse the available sums.