stipulated in his last will and testament that his money be used to create a series of prizes for those who confer the "greatest benefit on mankind" in physics, chemistry, peace, physiology or medicine, and literature. Though Nobel wrote several wills during his lifetime, the last was written a little over a year before he died, and signed at the Swedish-Norwegian Club in Paris on 27 November 1895. Nobel bequeathed 94% of his total assets, 31 million Swedish kronor, to establish and endow the five Nobel Prizes. Due to the level of skepticism surrounding the will, it was not until April 26, 1897 that it was approved by the Storting. The executors of his will were Ragnar Sohlman and Rudolf Lilljequist, who formed the Nobel Foundation to take care of Nobel's fortune and organise the prizes. The members of the Norwegian Nobel Committee that were to award the Peace Prize were appointed shortly after the will was approved. The prize-awarding organisations followed: the Karolinska Institutet on June 7, the Swedish Academy on June 9, and the Royal Swedish Academy of Sciences on June 11. The Nobel Foundation then reached an agreement on guidelines for how the Nobel Prize should be awarded. In 1900, the Nobel Foundation's newly created statutes were promulgated by King Oscar II. According to Nobel's will, The Royal Swedish Academy of Sciences were to award the Prize in Chemistry.
Award ceremony
The committee and institution serving as the selection board for the prize typically announce the names of the laureates in October. The prize is then awarded at formal ceremonies held annually on December 10, the anniversary of Alfred Nobel's death. "The highlight of the Nobel Prize Award Ceremony in Stockholm is when each Nobel Laureate steps forward to receive the prize from the hands of His Majesty the King of Sweden. The Nobel Laureate receives three things: a diploma, a medal and a document confirming the prize amount". Later the Nobel Banquet is held in Stockholm City Hall. A maximum of three laureates and two different works may be selected. The award can be given to a maximum of three recipients per year. It consists of a gold medal, a diploma, and a cash grant.
Nomination and selection
The Nobel Laureates in chemistry are selected by a committee that consists of five members elected by the Royal Swedish Academy of Sciences. In its first stage, several thousand people are asked to nominate candidates. These names are scrutinized and discussed by experts until only the laureates remain. This slow and thorough process, is arguably what gives the prize its importance. Forms, which amount to a personal and exclusive invitation, are sent to about three thousand selected individuals to invite them to submit nominations. The names of the nominees are never publicly announced, and neither are they told that they have been considered for the Prize. Nomination records are sealed for fifty years. In practice, some nominees do become known. It is also common for publicists to make such a claim – founded or not. The nominations are screened by committee, and a list is produced of approximately two hundred preliminary candidates. This list is forwarded to selected experts in the field. They remove all but approximately fifteen names. The committee submits a report with recommendations to the appropriate institution. While posthumous nominations are not permitted, awards can occur if the individual died in the months between the nomination and the decision of the prize committee. The award in chemistry requires the significance of achievements being recognized is "tested by time". In practice it means that the lag between the discovery and the award is typically on the order of 20 years and can be much longer. As a downside of this approach, not all scientists live long enough for their work to be recognized. Some important scientific discoveries are never considered for a Prize, as the discoverers may have died by the time the impact of their work is realized.
The Nobel Prize medals, minted by Myntverket in Sweden and the Mint of Norway since 1902, are registered trademarks of the Nobel Foundation. Each medal feature an image of Alfred Nobel in left profile on the obverse. The Nobel Prize medals for Physics, Chemistry, Physiology or Medicine, and Literature have identical obverses, showing the image of Alfred Nobel and the years of his birth and death. Nobel's portrait also appears on the obverse of the Nobel Peace Prize medal and the Medal for the Prize in Economics, but with a slightly different design. The image on the reverse of a medal varies according to the institution awarding the prize. The reverse sides of the Nobel Prize medals for Chemistry and Physics share the same design.
Nobel Prize diplomas
Nobel laureates receive a diploma directly from the hands of the King of Sweden. Each diploma is uniquely designed by the prize-awarding institutions for the laureate that receives it. The diploma contains a picture and text which states the name of the laureate and normally a citation of why they received the prize.
Award money
At the awards ceremony, the laureate is given a document indicating the award sum. The amount of the cash award may differ from year to year, based on the funding available from the Nobel Foundation. For example, in 2009 the total cash awarded was 10 million SEK, but in 2012, the amount was 8 million Swedish Krona, or US$1.1 million. If there are two laureates in a particular category, the award grant is divided equally between the recipients, but if there are three, the awarding committee may opt to divide the grant equally, or award half to one recipient and a quarter to each of the two others.
Laureates
Scope of award
In recent years, the Nobel Prize in Chemistry has drawn criticism from chemists who feel that the prize is more frequently awarded to non-chemists than to chemists. In the 30 years leading up to 2012, the Nobel Prize in Chemistry was awarded ten times for work classified as biochemistry or molecular biology, and once to a materials scientist. In the ten years leading up to 2012, only four prizes were awarded for work strictly in chemistry. Commenting on the scope of the award, The Economist explained that the Royal Swedish Academy of Sciences is bound by Nobel's bequest, which specifies awards only in physics, chemistry, literature, medicine, and peace. Biology was in its infancy in Nobel's day and no award was established. The Economist argued there is no Nobel Prize for mathematics either, another major discipline, and added that Nobel's stipulation of no more than three winners is not readily applicable to modern physics, where progress is typically made through huge collaborations rather than by individuals alone.
