Continuance Through The Yale University Library
The Bollingen Foundation decided to continue the program, with the administrative tasks being handled by the Yale University Library. The prize was awarded annually from 1948 to 1963. In 1963 the amount of the award was increased to $5,000, and thereafter it was given every other year. After 1968, when the Bollingen Foundation was dissolved, the Andrew W. Mellon Foundation took over. In 1973 the Mellon Foundation established an endowment of $100,000 to enable the Yale Library to continue awarding the prize in perpetuity.
In 1961 a similar prize was set up by the Bollingen Foundation for best translation and it was won by Robert Fitzgerald for his translation of the Odyssey. It has also been won by Walter W. Arndt for his translation of Eugene Onegin, and in 1963 by Richard Wilbur and Mona Van Duyn jointly.
Read more about this topic: Bollingen Prize
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