PEN America, the New York-based literary nonprofit devoted to “open expression in the United States and worldwide,” has announced two new annual book prizes: the PEN/Jean Stein Book Award, which comes with a $75,000 award, and the PEN/Jean Stein Grant for Oral History, which will award $10,000.

The PEN/Jean Stein Book Award, judged by an anonymous panel of writers, will recognize “a book that has broken new ground and signals strong potential for lasting influence,” explained PEN deputy director of communications Sarah Edkins to Publishers Weekly. It’s the largest monetary prize PEN offers—and among the largest in the United States, alongside the $100,000 Kingsley Tufts Poetry Prize, based at Claremont Graduate University; the $150,000 Windham-Campbell Prizes, based at Yale University; and the $50,000 Neustadt International Prize, based at the University of Oklahoma.

The PEN/Jean Stein Grant for Oral History will “support the completion of a literary work of nonfiction that uses oral history to illuminate an event, individual, place, or movement.”

Author and oral historian Jean Stein sponsors both awards, which will be conferred for the first time in 2017; her most recent book is West of Eden: An American Place (February 2016).

PEN America President Andrew Solomon said in the statement that he was grateful to Stein, writing, “The PEN/Jean Stein Book Award will focus global attention on remarkable books that propel experimentation, wit, strength, and the expression of wisdom. As an organization that champions literature’s power to change the world, PEN is especially pleased to recognize work that honors creative ambition and rejoices in imagination.”

Image Credit: PEN America.