The Frederic Esser Nemmers Prize in Mathematics is awarded biennially from Northwestern University. It was initially endowed along with a companion prize, the Erwin Plein Nemmers Prize in Economics, as part of a $14 million donation from the Nemmers brothers. They envisioned creating an award that would be as prestigious as the Nobel prize. To this end, the majority of the income earned from the endowment is returned to the principal in order to increase the size of the award.