It was his wish that the prizes in logic and philosophy and in mathematics should be awarded by the Royal Swedish Academy of Sciences, and those in the visual arts and music by the Royal Academy of Fine Arts and the Royal Swedish Academy of Music respectively.
Nominating and awarding
Beginning in 1993, prizes are awarded every three years. In years when awards are made, proposals are made by special prize committees within each academy. The laureates are chosen at plenary sessions of the academies in the spring, and the prizes are awarded at a joint ceremony in the autumn.