Every year, the Nobel Prizes () are given to people and institutions around the world. These prizes are for the study of science and for world peace. The science prizes include Literature, Science, and Medicine. The Nobel Prize was started by Alfred Nobel. His 1895 testament gave money for the Prizes. The Nobel Foundation now controls the money. The Foundation asks different committees or academies to decide who receives the prizes. For many people, a Nobel Prize is a very great honor. People who receive a Nobel Prize are called "Nobel laureates".