The purpose of the project is to provide the World Union of Jewish Studies, at The Hebrew University of Jerusalem, the honor to offer the most important Prize in the field of Jewish thought.
Once every two years, $25,000 will be awarded to the writer of the book judged the best in the field of Jewish Thought. If the judges wish, they may divide the prize between two recipients. The Matanel prize for Jewish thought is open to scholars who hold a Ph.d. degree. The Prize committee, chaired by Prof, Moshe Idel and coordinated by Yaacov Deutsch, maintains the right to accept exceptional candidates.