The prize has been generally considered to be among the most prestigious awards in the field of American history writing and comes with a $10,000 stipend (raised from $4,000 beginning in 2004).
該獎已被普遍認為是在美國歷史書籍領域之中最有聲望的獎項，並有一萬美元的獎金（2004年從4,000元開始提高）。