The Fields Medal, officially known as International Medal for Outstanding Discoveries in Mathematics, is a prize awarded to two, three, or four mathematicians not over 40 years of age at each International Congress of the International Mathematical Union (IMU), a meeting that takes place every four years. The colloquial name is in honour of Canadian mathematician John Charles Fields, because of the contribution of his estate to the continuation of the prize. The Fields Medal is often viewed as the top honor a mathematician under 40 can receive. It comes with a monetary award, which since 2006 is C$15,000. Founded at the behest of Canadian mathematician John Charles Fields,[6] the medal was first awarded in 1936, to Finnish mathematician Lars Ahlfors and American mathematician Jesse Douglas, and has been awarded every four years since 1950. Its purpose is to give recognition and support to younger mathematical researchers who have made major contributions.
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