PEN/Faulkner Award for Fiction
Named for its founder, William Faulkner, the PEN/Faulkner Award is given yearly to the best work of fiction by an American author. Faulkner used his Nobel Prize funds to create the award in 1980. The sponsoring award organization is PEN (Poets, Playwrights, Editors, Essayists, and Novelists) an international organization of writers. Started in 1980, the PEN/Faulkner Award winners and nominees are selected by a judging panel of three noted writers of fiction.