High Quality Content by WIKIPEDIA articles! The Lannan Literary Awards are a series of awards and literary fellowships given out in various fields by the Lannan Foundation. Established in 1989, the awards are meant "to honor both established and emerging writers whose work is of exceptional quality", according to the foundation. The foundation`s awards are some of the most lucrative in the world: The 2006 awards for poetry, fiction and nonfiction each came with $150,000 making them some of the richest literary prizes in the world.