The City of Frankfurt am Main awards three major cultural prizes named after the City's outstanding artists and philosophers: Johann Wolfgang von Goethe, Max Beckmann and Theodor Adorno. The prizes are awarded in three-year rhythm. They have a value of € 50,000 and are in honour of the life's work of renowned personalities of international standing.
The fourth City prize for human understanding, also valued with € 50,000 is in memory of Ignaz Bubis. It is not awarded for artistic or cultural work in the strictest sense.
The Otto-Hahn Prize has been awarded since 1970 to commemorate the famous son of the City of Frankfurt am Main. Since 2005, it has been awarded jointly by the City of Frankfurt am Main, the Society of German Chemists (GDCh) and the German Physical Science Society (DPG). The Prize has a value of euro 50,000 and its purpose is to promote science, especially the fields of chemistry, physics and applied engineering.
In addition to these three major cultural prizes of the City of Frankfurt, the Gontard & Metallbank Foundation together with the City of Frankfurt awards since 2001 the Wilhelm Merton Prize for European Translations in memory of the co-founder of this Frankfurt company. The value and award rhythm correspond to those of the City prizes.
Own applications are not possible for the prizes awarded by the Council of the City of Frankfurt am Main. Prizewinners are selected exclusively by the corresponding committees.