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Two prizes of $50,000 each are awarded annually to distinguished Canadians, one in the arts and the other in the social sciences and humanities. Funded from the income of a $1 million endowment given to the Canada Council by the Molson Family Foundation, the Molson Prizes encourage Canadians honoured with this distinction to continue contributing to the cultural and intellectual heritage of Canada. The Canada Council administers the awards in conjunction with the Social Sciences and Humanities Research Council and assumes responsibility for choosing the winners.
List of artists from the Art Bank collection that have won the Molson Prizes:
2005 - Iain Baxter
1999 - Kiawak Ashoona (all works repurchased)
1997 - Mary Pratt
1995 - Gerald Ferguson
1989 - Vera Frenkel
1978 - Michael Snow
1977 - Jack Shadbolt, deceased (all works repurchased)
1976 - Bill Reid, deceased (all works repurchased)
1974 - Alex Colville
1973 - Jean-Paul Lemieux, deceased (all works repurchased)
1972 - Alfred Pellan
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